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Investorfile first half results
Posted by: Gerry Wimmer
07/07/2024
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Sangoma Technologies (TSX: STC) leads the way up 59% in the first six-months of 2024.

While the first six-months of 2024 showed an improvement in returns over the last six months 2023, the continuation of low valuations and liquidity for microcap stocks has reemerged as of late whereby it is challenging to produce positive investment results as a small and microcap stock picker and particularly within the technology sector. That said, it is this blog’s belief that investor sentiment will turn more positive for this group of stocks again beginning later this summer.

Despite being a small cap technology company, our Top Idea Sangoma Technologies (TSX: STC) did record a 59% gain to its stock price in the first half of 2024. We did highlight the merits of owning this stock in our blog post earlier this year (See: Sangoma Technologies is recharged again for small cap investors).

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 equals 384%
  • To date, 11 takeovers/privatizations at a premium-to-stock price
  • Paid out a combined total of $2.25 per share of dividends/return of capital

Investorfile’s top five share price performers in the first six months of 2024:

  1. Sangoma Technologies Corp. TSX: STC, +59%
  2. Novra Technologies Inc., TSXV: NVI, +33%
  3. EcoSynthetix Inc., TSX: ECO, +24%
  4. Caldwell Partners International Inc. TSX: CWL, +22%
  5. Gatekeeper Systems Inc. TSXV: GSI, +13%

All-time top 5 rankings of Top Ideas for high-point returns as June 28, 2024:

  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, GSI, QIS, QST, NVI, CWL, ECO.


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., Novra Technologies Inc., Caldwell Partners International Inc. and EcoSynthetix Inc. nor has it received any compensation from Questor Technology Inc., Sangoma Technologies Corp., Quorum Information Technologies Inc., Gatekeeper Systems Inc., Novra Technologies Inc., Caldwell Partners International Inc. and EcoSynthetix Inc. 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., Novra Technologies Inc., Caldwell Partners International Inc. and EcoSynthetix 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.