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The Westaim Corporation (V:WED)

Business Focus: Property & Casualty Insurance (NEC)

INK Edge Outlook

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for WED within the last 6 months
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Company News

Mar 27, 2024 16:25 ET
The Westaim Corporation Reports Q4 and Full Year 2023 Results
The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) today announced its audited financial results for the quarter and full year ended December 31, 2023. Westaim recorded a net profit of $35.1 million ($0.26 diluted earnings per share) for Q4 2023 compared to a net profit of $32.8 million ($0.23 diluted earnings per share) for Q4 2022. For the full year ended December 31, 2023 Westaim recorded a net profit of $183.9 million ($1.32 diluted earnings per share) compared to a net profit of $18.0 million ($0.12 diluted earnings per share) for 2022.
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Feb 21, 2024 08:28 ET
The Westaim Corporation Recognized on the TSX Venture 50 List
The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) is pleased to announce that it has been recognized as a top performing company from the past year on the TSX Venture Exchange (the “TSXV”). The TSX Venture 50 is an annual ranking of the top performing companies from the past year on the TSXV and recognizes the top 10 companies from each of five sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. The companies are ranked based on three equally-weighted criteria: market capitalization growth, share price appreciation and trading val
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Valuation Ratios

Industry
Sector
Beta
0.39
--
--
Price to Sales - TTM
43.91
1.11
4.90
Price to Book - most recent quarter
0.75
2.69
1.65
Price to Cash Flow per share - TTM
1.94
10.86
9.23
Price to Free Cash Flow per share - TTM
--
27.14
20.95
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Mar 15, 2024239,52221,819
Feb 29, 2024217,703-12,566
Feb 15, 2024230,26939,816
See Short Report

Business Summary

Sector:  Financials Industry:  Property & Casualty Insurance

The Westaim Corporation is an investment company, which specializes in providing long-term capital to businesses operating within the global financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Skyward Specialty, Arena and Arena FINCOs. Skyward Specialty is a diversified specialty property and casualty insurance holding company that underwrites select property, casualty, surety, and accident and health insurance coverages. The Arena FINCOs includes specialty finance companies that purchase fundamentals-based, asset-oriented credit and other investments. Arena Investors operates as an investment manager.

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