Update on what I'm seeing:
$PSIX
-> Pending
$VLE.TO $VLERF
-> Looks like there could be an opportunity due to it's low valuation with current figures... but as I'm not expert in Oil&Gas, with all it's moving parts, and considering it's relative low current Reserve Life Index (increasing yes, but I don't really understand the dynamics of it); Im better off this investment.
$ROOF.TO $ROOOF
-> Looking good, trying to understand what happened with Delta facility and understanding de economis of Asphalt Shingles recycling. Similar hypothesis to
$ADUR $ACT.TO , but with lower TAM and on completly different stage.
$DTST
-> Wow, it really catches my attention for now. Similar hypothesis to
$PLUR, where if you look at it from a total revenue perspective you're missing the point. We can split Data storage Revenue mainly into 2 parts
1.- That is highly recurring and highly profitable (Infrastructure and Disaster Recovery/Cloud Service)
2.- Others that is quite eventful and low margin (Equipment, Software and Managed Services)
What is really interesting is that they are focusing on their most recurring and profitable revenue segment, which by the way is growing >20% Y/Y for the last 4 years and already represents 50% of revenue, pushing Gross Margins higher.
We can add that they have plenty of cash on their balance sheet, are expanding business into de UK, valuation is really attractive and insider ownership looks good. However, Ishould look more into the SBCs, which are quite high.
Since I couldn't find it disclosed in their earnings, I tried to get the gross margin of each segment, with Solver function, trying to optimize the gross profit deviation each Q... It's not 100% accurate, but I get that recurring business has a >60% margin while the equipment segment only 20% (see photo)