Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Torrent Capital Ltd. (V:TORR)

Business Focus: Investment Management & Fund Operators (NEC)

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1969 Upper Water Street
Suite 2001, Purdy's Wharf Tower ll
HALIFAX NS B3J 3R7
Tel: N/A
Website: https://torrentcapital.ca
IR: See website
Key People
Wade K. Dawe
Chief Executive Officer, Director
Robert Randall
Chief Financial Officer
Scott Gardner
Chief Investment Officer
Business Overview
Torrent Capital Ltd. is a Canada-based investment issuer that invests in the securities of private and publicly traded companies. The Company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. It allocates its capital towards a multitude of sectors and businesses at various stages of development. The Company maintains a concentrated portfolio of public securities and may invest in private placements, event-driven opportunities, special situations, and private companies with a liquidity window. It may also provide advisory services to select companies in conjunction with its investment mandate. The Company is researching investment opportunities in the clean technology sector.
Financial Overview
For the nine months ended 30 September 2022, Torrent Capital Ltd revenues was not reported. Net loss totaled C$8.5M vs. income of C$3.4M. Net loss reflects Unrealized loss on investments decrease from C$872K (income) to C$9.2M (expense), Realized gain on investments decrease of 97% to C$127K (income), Directors fees increase of 22% to C$91K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from C$0.14 to -C$0.35.
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Sep 30, 2022
EBITDA (TTM): -$1.48M as of Sep 30, 2022
Net annual income (TTM): -$10.29M as of Sep 30, 2022
Free cash flow (TTM): -$0.58M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 25,004,167 as of Sep 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization