TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.
Written by SmallCapPower.com
Earnings growth is what ultimately supports the increased valuation of a company so, when looking for companies to invest in, you want to look at their net income. The Canadian financial stocks on our list today have all seen substantial increases in their net income over the past two 12-month periods ranging from about 30% to 120% year over year, [suggesting that they are experiencing] sustainable growth.
1. Aberdeen Asia-Pacific Income Investment Company Ltd. (TSE:FAP) (FAX) – $4.65
Closed End Funds
Aberdeen Asia-Pacific Income Investment Company Limited is a closed-end investment company. The Company’s investment objective is to obtain current income and achieve incidental capital appreciation from investment in long-term debt securities. The Company may invest approximately 80% of its total assets in Asian-Pacific debt securities, and may be denominated in an Asian-Pacific Country currency or in Australian, New Zealand or the United States dollars. It may also invest approximately 20% of the Company’s total assets in Australian debt securities.
- Market Cap: $242.24(mm)
- Net Income After Taxes (LTM, CAD, Millions): $13.00
- PoP % Chg (1LTM) in Net Income After Taxes (LTM, CAD): 119.73%
- PoP % Chg (1LT) in Net Income After Taxes (LTM-1, CAD): 122.95%
2. Alaris Royalty Corp. (TSE:AD) (ALARF) – $20.26
Investment Management & Fund Operators
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements. The Company is an equity provider to service a niche in the capital market, such as steady growth companies with an entrepreneurial management team, incentivized to grow and maintain control of their business.
