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MBN Corporation (T:MBN)

Business Focus: Investment Banking & Brokerage Services (NEC)

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 812 Memorial Drive NW
CALGARY AB T2N 3C8
Tel: N/A
Website: www.middlefield.com/mbn.htm
IR: See website
Key People
Vincenzo E. Greco
President, Chief Executive Officer, Secretary, Director
   
Business Overview
MBN Corporation is a Canada-based company, which is managed by Middlefield Limited, which is a member of the Middlefield Group. The Company's principal objective is to create long-term value through a dual track strategy of growing Company's assets under management through mergers with other investment funds and pursuing opportunities with the financial services sector to acquire investment management companies and establish such companies working with investment managers. The Company's investment portfolio includes financials, technology, healthcare, real estate, energy, materials, communication services, gold, industrials, consumer discretionary, industrials, pipelines and utilities, among others. Middlefield Capital Corporation (MCC) is an advisor to MBN.
Financial Overview
For the six months ended 30 June 2021, MBN Corprevenues increased from C$1M to C$5.7M. Net incomeincreased from C$691K to C$5.4M. Revenues reflect Change innet unrealized Gain on investm increase from -C$103K toC$5M, Net Realized Gain (Loss) from Investment increasefrom -C$253K to C$196K, Income from Investments increasefrom C$89K to C$515K. Net income benefited from TransactionCosts decrease of 74% to C$8K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $23.50M as of Jun 30, 2021
Annual revenue (TTM): $6.75M as of Jun 30, 2021
EBITDA (TTM): $6.13M as of Jun 30, 2021
Net annual income (TTM): $6.11M as of Jun 30, 2021
Free cash flow (TTM): -$20.25M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 4,162,198 as of Jul 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization