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Year-to-date, 2019 Investorfile Top Picks are performing well (and they are not Cannabis stocks)
Posted by: Gerry Wimmer
5/5/2019
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Sangoma Technologies (TSXV: STC), Destiny Media Technologies (TSXV: DSY) and Novra Technologies (TSXV: NVI) are showing operational strength with more stock price appreciation to come.

It has been over four months since the Investorfile blog posted its Top Pick predictions for 2019 among its list of small cap value Top Ideas (See: Investorfile top pick performer in 2018 may repeat gains in 2019). So far, we are impressed with each of our Top Picks: Sangoma Technologies Corp., Destiny Media Technologies Inc. and Novra Technologies Inc. for what they have accomplished, making them compelling investment stories for the remainder of this year and beyond.

Our updates:

Sangoma Technologies (TSXV: STC C$1.72) - stock price up 39% in 2019
Sangoma Technologies Corp. has been an Investorfile Top Pick for two years in a row, and it has not disappointed. The Company, which delivers Unified Communications solutions for SMBs, Enterprises, OEMs, Carriers and Service Providers, both on premises and cloud-based phone systems, is experiencing significant growth -- both organic and through acquisitions. Based on fiscal 2019 Q2 results, Sangoma Technologies has a 12-month revenue run rate of approximately C$120 million now. We believe this stock will continue to appreciate in value to reflect trading multiples more in line (e.g. price to sales) with its peer group of other publicly traded technology companies.

Last Investorfile blog post:
Sangoma Technologies could be a $2.50 stock this year

Destiny Media Tech. (TSXV: DSY C$0.415) – stock price up 51% in 2019
Destiny Media Technologies Inc. is the provider of Play MPE, a cloud-based enterprise Software-as-a-Service (SaaS) used by the recording industry for promoting and distributing broadcast-quality audio, video, images, promotional information and other digital content securely through the internet. The recent deal with Universal Music and interest from other music labels are strong indicators that the best growth is yet to come for this Destiny Media Technologies. The success of Play MPE is beginning to be reflected in Company’s financial results. Last quarter they reported excellent results, generating strong cash flow. Next quarter, Destiny Media’s financial results should be even stronger.

Last Investorfile blog post:
Destiny Media Technologies is prime for a significant growth spurt and the stock price is up 50%

Novra Technologies (TSXV: NVI C$0.175) - stock price up 16% in 2019
Novra Technologies Inc. is the parent company of the Novra Group of Companies, which includes Kanata, Ontario-based International Datacasting Corporation (IDC) and Georgia-USA based Wegener Corporation. Novra Group is an international technology provider of products, systems and services for the distribution of broadband multimedia content via satellite and hybrid networks. Novra’s applications focus includes broadcast video and radio, digital cinema, digital signage and highly reliable data communications. So far in 2019, the stock price of Novra Technologies is up slightly but, operationally, the Company has achieved much more. Novra’s recent acquisition of Wegener Corporation has started to deliver the desired financial results in the second half of 2018. As such, Novra Technologies reported net earnings of C$467,000 and C$535,000 in Q3 and Q4 of 2018 respectively. The stock price should begin to better reflect the positive financial results being generated and therefore has strong upside potential from current trading levels.

Last Investorfile blog post:
Novra Technologies is a strong buy given its recent financial results and outlook

Author's ownership disclosure: YES - STC, DSY, NVI


Read Disclaimer:

This article is for informational purposes only. This article is based on the author's independent analysis and judgment and does not guarantee the information's accuracy or completeness. The information contained in this article is subject to change without notice, and the author assumes no responsibility to update the information contained in this article. The information contained within this article should not be construed as offering of investment advice. Those seeking direct investment advice, should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock.

Investorfile.com is not engaged in an investor relations agreement with Sangoma Technologies Corp., Novra Technologies Inc. and Destiny Media Technologies Inc. nor has it received any compensation from Sangoma Technologies Corp., Novra Technologies Inc. and Destiny Media Technologies Inc. for the preparation or distribution of this article.

The author of this article has acquired and may trade shares of Sangoma Technologies Corp., Novra Technologies Inc. and Destiny Media Technologies Inc. through open market transactions and for investment purposes only.

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Hi Gerry, Your philosophy is focused on principles that have been shown to produce above average results over time and your record has clearly proven that. Congratulations on a great blog and thank you for the hard work that you do in sharing and updating your ideas; it is much appreciated.