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The Westaim Corporation (V:WED)

Business Focus: Property & Casualty Insurance

INK Edge Outlook

Insider Chart - Past 6 Months

INK Ultra Money Free

Insider Filings

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

Sep 29, 2020 16:22 ET
Arena Finance II, LLC Completes $45 Million Note Offering
The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) today announced that Arena Finance II, LLC, a limited liability company controlled by Westaim and part of the Arena FINCOs, (“AF II, LLC”), has completed a private placement of $45 million of 6.75% senior secured notes due September 30, 2025 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors (the “Private Placement”). The obligations of AF II, LLC under the Notes are guaranteed by Arena Finance, LLC (“AF, LLC”) and are secured by Collateral that includes the assets of AF II, LLC.
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Sep 25, 2020 11:32 ET
Arena Wins Private Debt Strategy of the Year Award at Pension Bridge Institutional Asset Management Awards
The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) is pleased to announce that Arena Special Opportunities Fund, an investment fund managed by Arena, was awarded the Private Debt Strategy of the Year Award at the Pension Bridge Institutional Asset Management Awards held on September 24, 2020.
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Valuation Ratios

Industry
Sector
Beta
0.82
--
--
Price to Sales - TTM
7.79
2.44
7.16
Price to Book - most recent quarter
0.71
1.82
1.78
Price to Cash Flow per share - TTM
--
19.17
12.91
Price to Free Cash Flow per share - TTM
10.97
8.75
17.72
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Sep 15, 202028,1987,814
Aug 31, 202020,384-52,168
Aug 15, 202072,55258,684
See Short Report

Business Summary

Sector:  Financials Industry:  Property & Casualty Insurance

The Westaim Corporation (Westaim) is a Canada-based investment company. The Company is engaged in providing long-term capital to businesses operating primarily within the global financial services industry. The Company 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. The Company's principal investments consist of Houston International Insurance Group, Ltd. (HIIG), through Westaim HIIG Limited Partnership, and the Arena group of companies. HIIG is a diversified specialty insurance company providing coverage primarily in the United States but also globally for certain risks. Its Arena Group includes Arena Investors, Arena Finance and Arena Origination.

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