We first introduced Belgravia Capital International Inc to you over a year ago. Astute and prepared investors were able to buy shares for under $0.06 at that time and the share price rose to $0.36 – that is an ROI in under two months of over 600%
Since that time, a capital raise combined with a lack of investor appetite worthy news releases and an overall cannabis industry bearish sentiment has seen the share price retreat to where it was when it debuted on the CSE as well as its price shortly thereafter.
So let’s use our proven checklist to see if it is time to reconsider BLGV.
Financial Statements and Reporting are current.
Cash on hand as at September 30th: $4.7M.
Investments (Sept 30): $6.2M
Total current assets: >$11M
Current Liabilities: $170K and no long term dent.
This makes the book value of their working capital as at September 30th over $10M. Yes, a $6.6M Market Cap with $11M in short term assets including $4.7M cash and no material liabilities on the balance sheet.
Revenue: Legacy Royalty Stream that has a total upwards value of USD$12.4M over its life from Water Rights.
Per those statements, YTD revenue approaching $1M.
Investments include Planet 13 Holdings (CSE:PLTH) which is ranked 16th by revenue for publicly traded companies readily available to Canadian Investors. HALO LABS (NEO:HALO) that recently went public and is ranked 18th by this same metric. Other material cannabis industry investments include Plus Products (CSE:PLUS); Captor Capital Corp (CSE:CPTR); and, R&D Pharma which in itself is not public but is being acquired by Weekend Unlimited Inc (CSE:YOLO).
Other cannabis sector investments include Khiron Life Sciences Corp (CSE:KHRN); Parcelpal Technology Inc (CSE:PKG); IMEX Systems Inc (IMEX).
Their other investments include non cannabis sector ventures that you are encouraged to review further. However, their holdings are diversified. But here is a sample: Zonetail Inc (TSXV:ZONE); and, Blackrock Gold Corp (TSXV:BRC).
According to their news release on September 20th, BLGV will focus on incubating and distributing dividends to the current shareholders and the gaming sector is a focus. Gaming is a recession proof and growing industry that may be opening up further in the USA particularly but globally in general.
Invest in the team: CEO was the CEO of TSE’s IC Potash (which became BLGV after restruring and the Honourable Pierre Pettigrew. We cannot do all the work for you so check out their site to review the full team.
Normal Course Issuer Bid to purchase up to 5% of the shares outstanding. Their last update (Oct 24) stated that that they were almost half way to that upper limit with 2.3% of