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09
Investorfile first half recap for 2023
Posted by: Gerry Wimmer
07/09/2023
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Up 162%, iFabric Corp. (TSX: IFA) is a top performing small cap stock.

To date, 2023 has been a continuation of 2022, whereby it is very challenging to produce positive investment results as a small and microcap stock picker in non-resource sectors.

While we are confident our stock picking methodology remains sound, given the financial performance for the majority of our Top Ideas that reported during the first six months of 2023, unfortunately, very low valuations and little liquidity continue to be dominant trends for small and microcap stocks in 2023.

It is this blog’s belief that the current ultra-low valuations for small and micro-cap stocks will not continue forever and the investor sentiment will turn positively for this group of stocks in the short term. However, the short term may still mean up to 12 months.

We are pleased to acknowledge that several Investorfile Top Ideas did produce positive returns to date, namely iFabric (TSX: IFA), Noble Iron (TSXV: NIR.H), Gatekeeper Systems (TSXV: GSI), Avante (TSXV: XX), Destiny Media Technologies (TSXV: DSY) and Titan Logix (TSXV: TLA). That said, the share price performance in 2023 is not all negative for small cap stocks.

A special mention goes to iFabric Corp (TSX: IFA – C$1.44) which, as of today, is seeing its shares up 162% in value since Investorfile first recommended the stock as one of its Top Ideas in just over 6 months. (See: iFabric is geared up for growth and the stock is value-priced).

Investorfile has documented 27 picks that, to date, comprise our list of Top Ideas – Small Cap Value stocks. This summarizes the performances of our Top Ideas since inception. (Note that high-point returns are based on the highest closing stock price and exclude investment return benefits from dividends, with the exception of final return calculations due to takeovers. Dividends and return of capital distributions are deducted from share price cost-base for the calculation of final returns.)

  • Average high-point return is 377%
  • To date, 10 takeovers/privatizations at a premium-to-stock price
  • Paid out a combined total of $2.95 per share of dividends/return of capital

Investorfile’s top three share price performers in the first six months of 2023

  1. iFabric Corp., TSX: IFA, +77%
  2. Nobel Iron Inc., TSXV: NIR.H, +50%
  3. Gatekeeper Systems Inc. TSXV: GSI, +47%

All-time top 5 rankings of Top Ideas for high-point returns as June 30, 2023:

  1. Sangoma Technologies Corp., TSX: STC, +2377%
  2. Questor Technology Inc., TSXV: QST, +1374%
  3. Gatekeeper Systems Inc. TSXV: GSI, +783%
  4. Quorum Information Technologies Inc., TSXV: QIS, +725%
  5. RDM Corporation, Takeover, +708% (includes dividends)

Author's ownership disclosure: YES: STC, QST, GSI, QIS, NIR.H, IFA, DSY, TLA


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 is not engaged in an investor relations agreement with Questor Technology Inc., Sangoma Technologies Corp., Quorum Information Technologies Inc., Gatekeeper Systems Inc., Noble Iron Inc., Avante Corp., Destiny Media Technologies Inc., Titan Logix Corp. and iFabric Corp. nor has it received any compensation from Questor Technology Inc., Sangoma Technologies Corp., Quorum Information Technologies Inc., Gatekeeper Systems Inc., Noble Iron Inc., Avante Corp., Destiny Media Technologies Inc., Titan Logix Corp. and iFabric Corp. for the preparation or distribution of this article.

The author of this article has acquired and may trade shares of Questor Technology Inc., Sangoma Technologies Corp., Quorum Information Technologies Inc., Gatekeeper Systems Inc., Noble Iron Inc., Avante Corp., Destiny Media Technologies Inc., Titan Logix Corp. and iFabric Corp. 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.