Olive Resource Capital Announces July 31, 2024 NAV of C$0.066 per Share
Olive Resource Capital Inc. (TSXV: OC) has announced its unaudited Net Asset Value (NAV) per share as of July 31, 2024. The company's estimated NAV is C$0.066 per share, while its share price at the end of July was C$0.025. Olive's NAV breakdown includes investments in private and public equities, working capital, and other merchant banking investments, totaling C$7,012,577.
The company's NAVPS increased by 4.2%, aligning with the TSXV Materials Index but lagging behind the XGD Gold ETF. Olive's diversified portfolio underperformed compared to gold-specific investments in July. However, management believes the portfolio is well-positioned for an expected bull market in commodities. During July, Olive did not repurchase any common shares under its Normal Course Issuer Bid (NCIB).
Olive Resource Capital Inc. (TSXV: OC) ha annunciato il suo Valore Patrimoniale Netto non verificato (NAV) per azione al 31 luglio 2024. Il NAV stimato della società è di C$0,066 per azione, mentre il prezzo delle azioni alla fine di luglio era di C$0,025. La suddivisione del NAV di Olive include investimenti in azioni private e pubbliche, capitale circolante e altri investimenti nel settore bancario commerciale, per un totale di C$7.012.577.
Il NAVPS della società è aumentato del 4,2%, allineandosi con l'Indice dei Materiali TSXV, ma rimanendo indietro rispetto all'ETF Oro XGD. Il portafoglio diversificato di Olive ha registrato performance inferiori rispetto agli investimenti specifici in oro a luglio. Tuttavia, la direzione ritiene che il portafoglio sia ben posizionato per un previsto mercato rialzista nelle materie prime. Durante il mese di luglio, Olive non ha riacquistato azioni ordinarie nell'ambito della sua Offerta Normale di Acquisto di Emittenti (NCIB).
Olive Resource Capital Inc. (TSXV: OC) ha anunciado su Valor Activo Neto no auditado (NAV) por acción al 31 de julio de 2024. El NAV estimado de la compañía es de C$0.066 por acción, mientras que el precio de sus acciones al final de julio era de C$0.025. La desglose del NAV de Olive incluye inversiones en acciones privadas y públicas, capital de trabajo y otras inversiones en banca comercial, totalizando C$7,012,577.
El NAVPS de la compañía aumentó un 4.2%, alineándose con el Índice de Materiales TSXV pero quedando por detrás del ETF de Oro XGD. El portafolio diversificado de Olive tuvo un desempeño inferior en comparación con las inversiones específicas en oro durante julio. Sin embargo, la gerencia cree que el portafolio está bien posicionado para un mercado alcista esperado en las materias primas. Durante julio, Olive no recompró acciones ordinarias en virtud de su Oferta Normal de Adquisición de Emisores (NCIB).
올리브 리소스 캐피탈 Inc. (TSXV: OC)는 2024년 7월 31일 현재 감사되지 않은 주당 순자산 가치를 (NAV) 발표했습니다. 회사의 추정 NAV는 C$0.066 per share이며, 7월 말 주가는 C$0.025였습니다. 올리브의 NAV 구성은 개인 및 공공 주식, 운전 자본 및 기타 상업 은행 투자 등을 포함하여 총 C$7,012,577에 이릅니다.
회사의 NAVPS는 4.2% 증가했으며, TSXV 자재 지수와 일치하지만 XGD 금 ETF를 뒤따랐습니다. 올리브의 다각화된 포트폴리오는 7월에 금 관련 투자에 비해 성과가 저조했습니다. 그러나 경영진은 포트폴리오가 원자재의 기대 상승 시장에 잘 대비하고 있다고 믿고 있습니다. 7월 동안 올리브는 정상주식매입청구권(NCIB) 하에서 일반 주식을 재매입하지 않았습니다.
Olive Resource Capital Inc. (TSXV: OC) a annoncé sa valeur d'actif nette non auditée (NAV) par action au 31 juillet 2024. La NAV estimée de la société est de C$0,066 par action, tandis que le prix de l'action à la fin juillet était de C$0,025. La répartition de la NAV d'Olive comprend des investissements en actions privées et publiques, du fonds de roulement et d'autres investissements en banque d'affaires, totalisant C$7.012.577.
Le NAVPS de la société a augmenté de 4,2%, s'alignant avec l'indice des matériaux TSXV mais enregistrant un retard par rapport à l'ETF or XGD. Le portefeuille diversifié d'Olive a moins bien performé par rapport aux investissements spécifiques dans l'or en juillet. Cependant, la direction estime que le portefeuille est bien positionné pour un marché haussier attendu dans les matières premières. En juillet, Olive n'a pas racheté d'actions ordinaires dans le cadre de son offre normale d'achat (NCIB).
Olive Resource Capital Inc. (TSXV: OC) hat seinen nicht geprüften Nettoinventarwert (NAV) pro Aktie zum 31. Juli 2024 bekannt gegeben. Der geschätzte NAV des Unternehmens beträgt C$0,066 pro Aktie, während der Aktienkurs Ende Juli bei C$0,025 lag. Die NAV-Aufschlüsselung von Olive umfasst Investitionen in private und öffentliche Aktien, Betriebskapital und andere Investitionen im Merchant Banking, insgesamt C$7.012.577.
Der NAVPS des Unternehmens stieg um 4,2% und stimmt mit dem TSXV Materials Index überein, liegt jedoch hinter dem XGD Gold ETF zurück. Olives diversifiziertes Portfolio schnitt im Vergleich zu goldspezifischen Anlagen im Juli unterdurchschnittlich ab. Das Management ist jedoch davon überzeugt, dass das Portfolio gut auf einen erwarteten Bullenmarkt in Rohstoffen positioniert ist. Im Juli hat Olive keine Stammaktien im Rahmen seines normalen Kaufangebots (NCIB) zurückgekauft.
- NAV per share increased to C$0.066, representing a 4.2% growth
- Total NAV of C$7,012,577, indicating a strong asset base
- Diversified portfolio across various resource sectors
- Well-positioned for expected bull market in commodities
- Share price (C$0.025) significantly lower than NAV (C$0.066), indicating potential undervaluation
- Underperformance compared to gold-specific investments in July
- No share repurchases made under the NCIB in July
Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an updated, unaudited Net Asset Value ("NAV") per share. Management has estimated the NAV of the Company at C
Table 1: Olive NAV Breakdown
| Name | Ticker | Value | Value per Share ($) |
| Black Sheep Income Corp. | Private | | 0.012 |
| Guided Therapeutics Inc. | Private | | 0.004 |
| Working Capital(1) and Liquid Investments(2) | | 0.020 | |
| Other Public Equity Investments | | 0.021 | |
| Other Private Equity Investments | | 0.009 | |
| Other Merchant Banking Investments | | 0.001 | |
| Total | | 0.066 |
- Working Capital is calculated as cash, adjusted for management's estimate for known liabilities and is subject to change with future estimates or financial reports.
- Olive defines Liquid Investments as investments whose position can be liquidated in less than one day's average trading volume for that security.
Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "Copper and oil prices dropped in July, consolidating earlier gains, while gold prices rallied to all-time highs. Major resource equities tracked the performance of their respective commodities. Olive remains well deployed into both the larger and the junior resource space as the recent weakness appears to be a short-term consolidation on an otherwise strong resource market uptrend."
Derek Macpherson, Executive Chairman stated: "Olive's NAVPS, was up
Normal Course Issuer Bid ("NCIB")
During the month of July, the Company did not repurchase common shares pursuant to its NCIB. As of the date of this release, the Company holds 3,030,000 common shares in treasury pending cancellation.
As of the date of this release Olive Resource Capital Inc. has 109,174,709 common shares outstanding.
Use of Non-GAAP Financial Measures:
This press release contains references to NAV or "net asset value per share" which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in the Company's consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company's performance, and may assist in the evaluation of the Company's business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company's future performance or the NAV of the Company as at any future date.
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com or by phone at (202)677-8513. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; and those risks set out in the Company's public documents filed on SEDAR. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219996
FAQ
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