|Bid||4.2500 x 0|
|Ask||4.6500 x 0|
|Day's Range||4.4600 - 4.5500|
|52 Week Range||2.0000 - 5.2500|
|Beta (3Y Monthly)||-0.16|
|PE Ratio (TTM)||6.32|
|Earnings Date||Mar 7, 2019 - Mar 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.00|
TORONTO, May 15, 2019 -- Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF), today reports its financial results for the first quarter ended March 31, 2019..
Mogo (MOGO) reported revenues for the first quarter of 2019 of $16.4 million versus $14.3 million a year ago up 14% and ahead of our expectations. The company is in the process of merging with Difference Capital Financial (TSX: DCF, TNTHF), a Toronto-based company that invests in equity of private Canadian companies.
VANCOUVER , April 15, 2019 /CNW/ - Mogo Finance Technology Inc. (MOGO) (MOGO) ("Mogo") is pleased to announce the signing of a definitive arrangement agreement (the "Arrangement Agreement") to merge Mogo (the "Transaction") by way of a plan of arrangement with Difference Capital Financial Inc. (DCF.TO) ("Difference"). Following the combination, the resulting company (the "Combined Entity") is expected to be named 'Mogo Inc.'. Under the terms of the Arrangement Agreement, each common share of Mogo (a "Mogo Share") will be exchanged for one (the "Exchange Ratio") Difference common share (a "Difference Share").
Difference Capital Financial Inc. ("Difference" or the "Company") (TSX: DCF) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) pursuant to which Difference will acquire all of the issued and outstanding common shares of Mogo Finance Technology Inc. ("Mogo") (TSX: MOGO, NASDAQ: MOGO), which it does not already own (the "Transaction"). The Transaction will be carried out by way of a statutory plan of arrangement of Mogo under the Business Corporations Act (British Columbia), which will involve, among other things, a three-cornered amalgamation whereby Mogo will amalgamate with a wholly-owned subsidiary of Difference to form a new British Columbia Difference subsidiary.
Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF), today reports its financial results for the three months and year ended December 31, 2018. The portfolio produced a gross gain of $4.9 million for the fourth quarter and $2.0 million for the full year 2018, primarily driven by write-ups in the Company’s Vena Solutions Inc. (“Vena”) and Ethoca Solutions Inc. (“Ethoca”) investments plus unrealized foreign exchange gains on U.S. dollar denominated assets, partially offset by fair value losses in six private positions. Net income for the fourth quarter was $3.6 million or $0.62 per share and net loss for 2018 was $3.2 million or $0.55 per share compared to net income of $4.0 million or $0.69 per share for fourth quarter of 2017 and a loss of $1.2 million or $0.20 per share for the year 2017.
Difference Capital Financial Inc. (“DCF” or the “Company”) (DCF.TO), today announces that its most successful FinTech investment to-date, Ethoca Solutions Inc., will be acquired by an S&P 100 Financial Services Firm (the “Transaction”). The transaction, which is expected to close in Q2 2019, will result in a material increase to DCF’s net asset value (NAV)1 and will be reflected in our Q1 results. Ethoca is the leading, global provider of collaboration-based technology that enables card issuers, ecommerce merchants and online businesses to increase card acceptance, stop more fraud, recover lost revenue and eliminate chargebacks from both fraud and customer service disputes. “It is certainly one of Canada’s most successful FinTech companies,” states Tom Liston, Chief Investment Officer of Difference Capital. “Today’s announcement, coupled with DCF’s recent announcement on Vena Solutions Inc, serves to validate our investment strategy.
Difference Capital Financial Inc. (“DCF” or the “Company”) (DCF.TO), announced that the Board of Directors has declared a special dividend of $0.10 per common share to be paid in cash to shareholders of record on March 22, 2019, with payment to be made on April 5, 2019. Approximately $570,000 will be distributed to shareholders. The Company will consider declaring future dividends as and when it experiences further monetizations in its investment portfolio. Difference Capital Financial Inc. invests in and advises growth companies. We leverage our capital market expertise to help unlock the value in technology, media and healthcare companies as they approach important milestones in their business lifecycle.
Difference Capital Financial Inc. (“DCF” or the “Company”) (DCF.TO), announces that it has made a $2.1 million strategic investment in Wekerloo Development Inc. (“WDI”), the parent company of the Waterloo Innovation Network Group of Companies (“WIN”). WDI consists of six buildings and two empty lots representing an aggregate of approximately 335,000 square feet of rentable commercial space. The majority of the properties are situated across the street from the University of Waterloo, in Waterloo, Ontario. Tenants of WIN include many successful emerging technology companies of the region. DCF converted an existing loan of $1 million in principal amount plus accrued interest of $100,000, and invested a further $1 million of new funds, into the equity of WDI (the “Transaction”). As a result, DCF now owns 5.25% of the common shares of WDI. The balance of WDI is owned by Michael Wekerle, Executive Chair of DCF, and owner of 46% of its common shares. The Transaction places an equity value on WDI of $40 million.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** TransCanada Corp is planning to ...
Difference Capital Financial Inc. (“DCF” or the “Company”) (DCF.TO), today announced that its most successful investment holding to-date, Vena Solutions Inc., has secured a $115 million equity financing (the “Transaction”) which will result in a material increase to DCF’s net asset value (NAV)1. Management notes that, in addition to our publicly traded mark-to-market positions, potential changes to its other private holdings are still being finalized for the year ended December 31, 2018. The Company expects to release its 2018 audited financial statements in mid-March 2019.
TORONTO, Nov. 14, 2018 -- Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF), today reported its financial results for third quarter ended September 30, 2018..