Bli medlem
Bli medlem

Du är här


InvestmentPitch: National Bank Financial Initiates Coverage on Grenville Strategic Royalty Corp., (TSXV:GRC) with an Outperform Rating - Video Research Alert o

Vancouver, BC, May 23, 2014 - National Bank Financial has initiated coverage
on Grenville Strategic Royalty Corp. (TSXV:GRC). Analyst Trevor Johnson gives
the company an outperform rating and a 12-month price target of $0.85, a
premium of 67% to the $0.51 price on May 19th, the day his report was issued. has produced a "video research alert" about Grenville
Strategic based on this report. If this link is not enabled, please
visitwww.InvestmentPitch.comand enter "Grenville" in the search box.

Grenville provides alternative financing to non-resource, private and public
North American companies, in return receiving a royalty, typically 1% to 4%,
of the borrower's top-line revenue each month.

The company has deployed approximately $6 million, into 7 portfolio companies,
with options to invest another $2 million, and expects to reach 15 or more by
year end. Current portfolio companies are in the technology, materials,
retail services, training and construction sectors.

The company intends to grow its royalty portfolio to 20 investments at an
aggressive pace, with no one partner representing more than approximately
10%. Once this base is reached management intends to add royalties to the
portfolio at an average pace of approximately two to three deals per month,
and management anticipates requiring only one to two more staff on top of the
current five to achieve this, highlighting the attractive scalability of
Grenville's model.

While existing royalty deals range in value from $150,000 - $1 million,
average deal size should grow to the $2 million - $5 million range, with the
average number of deals per year expected to slow to approximately 10. Its
pipeline of opportunities is deep and expected to continue growing as its
brand awareness spreads.

Grenville is led and was founded by Bill Tharp, CEO and Steve Parry, Chairman.
Mr. Tharp brings close to two decades of experience building and investing in
companies, management teams and entrepreneurs often in the tech/energy
sector, while Mr. Parry has extensive experience structuring and financing
royalties. Together, they have successfully invested over $1.1 billion.

Analyst Trevor Johnson stated, "Our analysis suggests Grenville could fund a
$0.04 per year dividend (8%
yield&80% payout) without any new capital

The company currently trades at $0.55, well below the $0.85 target price, and
with 59.3 million shares outstanding, the company is capitalized at $32.6

For more information, please visit the company's website, or contact Bill Tharp at 416-777-0383 or

For more information about National Bank Financial or to obtain a copy of
their research report, contact your nearest National Bank Financial office.
Their branches are listed on their website

About InvestmentPitch, a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing corporate interviews and three minute videos based on news releases
and research reports. Please visit and browse our
extensive library of investment videos.

Barry Morgan, CFO


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: InvestmentPitch via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.