* working capital of $0.12 per share with no LT debt
* multiple light oil well drilling locations in Viewfield, SK
* carried interests with no drilling costs
* natural gas at Pembina – 10-12 additional locations identified
Trading at 33 cents, the security is up just about 10 fold since introduction (.035$ intro price), approaching DotCom multiplication factors.
And QIS has started making shockwaves in the microcap sector, picking up coverage on NTG Clarity(NCI.v) which is still trading below working capital per share! And needless to say some significant revenues from Europe is expected in the coming quarter for Alphinat, which should provide a boost...that's if they don't announce a major partnership in the US before that, or sign an expansion on the Swiss Government contract, per their meeting with these government officials on nov. 18 2009!
"If you can't beat'em...might as well join'em"
Tara
Posted: Mon Feb 8 12:34:38 2010
EKD.v - Epic Data
The share price has almost multiplied seven fold since introduced...and the metrics/conditions are far less enticing than NTG Clarity (NCI.v).
Recent Trades - Last 6
Time Ex Price Change Volume Buyer Seller Markers
11:01:58 V 0.20 +0.06 1,000 33 Canaccord 1 Anonymous K
11:01:31 V 0.20 +0.06 1,000 33 Canaccord 1 Anonymous K
10:21:49 V 0.23 +0.09 20,000 79 CIBC 7 TD Sec K
10:21:49 V 0.23 +0.09 27,000 79 CIBC 7 TD Sec K
09:30:00 V 0.20 +0.06 77 62 Haywood 9 BMO Nesbitt E
09:30:00 V 0.20 +0.06 3,000 79 CIBC 7 TD Sec KL
Tara
Posted: Thu Jan 14 5:13:40 2010
EKD.v: The private placement just closed, and the stock has multiplied 5 fold since introduction, trading at 17 cents. 400% gains were made available.
If Epic Data eluded you, don't miss out on NCI.v, NPA.v and BTV.v ... see their corresponding threads as to why they should be next on the price multiplication list.
Tara
Posted: Tue Jan 5 13:10:47 2010
Epic Data (EKD.v) is now trading at the proposed $400k financing price of 13 cents. The CEO Robert Nygren has indicated he will swallow the majority, $350k worth.
Bottom fishing performance thus far • Introductory price: .035$
• Current trading price : 0.13$ ( almost quadruple )
Tara
Posted: Wed Sep 2 7:42:07 2009
EPIC DATA (EKD.v) – 2009 Q3 summary
This is my interpretation only of course
• EPS portrait as shown on page 9 of the MD&A
Trailing (4) quarters EPS = +.05$/share 2009 Q3 = +.01$/share (+113k$ due to one time tax recovery)
2009 Q2 = -.01$/share (-77k$)
2009 Q1 = +.00$/share (+56k$)
2008 Q4 = +.04$$/share (+570k$)
• Gross margin about 50%;
• Working capital is -800k but there is 1.3M$ of deferred revenues in the short term liabilities, so they is no real lack of short term liquidity;
• No long term debt but I bet they will renegotiate the outstanding payment (900k) to a former director (Barclay Isherwood). He has agreed to push payment further in time in the past. He holds about 1M shares and has a vested interest (Barclay Isherwood founder of MDI sold to Motorola, BCI Ventures Inc.);
• No goodwill and intangibles;
• Only 12.9M shares outstanding, all options above 10 cents;
• Market cap 1.4M$;
• Reasonable salary structure;
• However, the company was not free cash flow positive in Q3, it has a small negative book value and insiders remain on the sideline. Still affected by the recession, the company has definite accounting weaknesses.
P.S. The above is simply my personal understanding and not to be construed as investment advice. I’m not a broker, promoter, director, manager or employee of the aforementioned company, just a shareholder. Do your own due diligence.
Tara
Posted: Mon Apr 27 11:37:32 2009
EKD.v stock price has almost tripled since introduction (157% gain). Volume has been light indeed, and no, it was not me pushing it upwards to validate my claim.
Tara
Posted: Wed Apr 22 10:26:46 2009
Although very little trading, the security has nevertheless increased 60% in price since introduced. A percentage gain worthy of mention in this unprecedented environment.
Insider blackout period was just lifted, and insiders are wasting no time with unprecented low priced shares.
Epic Data International Inc. (EKD) As of March 8th, 2009
Mar 06/09 Mar 05/09 Nygren, Robert Carl Direct Ownership Common Shares 10 - Acquisition in the public market 32,000 $0.050
Looks like this might be a repeat of TigerTel insider saying "enough is enough"...
Tara
Posted: Thu Mar 5 8:12:10 2009
Epic Data (EKD.v) update from recent announcements
• new product launch IntegraTrak, see latest press release
• completion of contract at Teragas
• options issued at 10 cents
• insider blackout period just finished
• posted 3 positive earnings quarters in a row, with backlog on the books going forward
• trading way under 1M$ market cap, making it attractive as a takeover target
Tara
Posted: Mon Mar 2 6:33:38 2009
EPIC DATA (EKD.v) – 2009 Q1 summary
This is my interpretation only of course
• Revenue of 1.8M$, up 39k from last year;
• Over 1M$ of contracts announced in january 2009;
• Third positive net earning (EPS) quarter in a row; like I originally described, this is a turnaround situation
2008 Q3 = +.03$/share
2008 Q4 = +.04$/share
2009 Q1 = +.00$/share (+56 000$) • Trading at about 300k of market cap; an empty shell on the Venture exchange is worth about 300-500k, so no value whatsoever is given to their business model of 33 years on the market, with large reputable customers; this makes them a highly visible takeover target • Gross margin up to 54% (was 47% in Q1 last year)
• General & administrative costs down 25% (- 243k from last year);
• Cash on hand 1M$ or .08$/share
• Working capital is -472k but there is 1.1M$ of deferred revenues in the short term liabilities, so there is no real lack of short term liquidity, especially with 54% gross margin on their contracts
• Long term debt only 493k; read section 4 of the financials, this is a loan with a company controlled by a former director, and he has agreed to push payment further in time. So not only is 493k a small amount, the person who holds it has shares in the company, thus a vested interest
• Only 12.9M shares outstanding, all options above 10 cents
• Last insider trade at 28 cents in june 2008; about 1M shares held by Barclay Isherwood (Barclay Isherwood founder of MDI sold to Motorola, BCI Ventures Inc.)
• Reasonable salary structure
P.S. The above is simply my personal understanding and not to be construed as investment advice. I’m not a broker, promoter, director, manager or employee of the aforementioned company, just a shareholder. Do your own due diligence.
Tara
Posted: Fri Feb 13 3:42:15 2009
Making strides in the right direction:
Epic Data System Goes Live at Terasen Gas
2/10/2009 5:01:06 PM - Market Wire
The complete press release can be viewed here: http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DV%2EEKD%26newsid%3D7209058
Tara
Posted: Wed Jan 28 10:10:48 2009
EPIC DATA (EKD.v)
• In the past 2 quarters, they revealed +7 cents EPS (Q4=+.04, Q3=+.03);
• On june 30th, they pubicly announced having a backlog of 5.2M$, as per the following link:
C:\SEDAR\DOCS\EPIC\2008\nr08Aug2008.pdf
• Q4 showed 3.8M$ of revenues, thus leaving 1.4M$ going forward
• january 2009, they announced signing over 1M$ in renewals
Based on the above, it seems they have enough to declare at least +.01$/share in Q1, knowing their average gross margin is superior to 50%
It seems discouraged sellers can provide interesting gains for bottom fishers. Can it be a takeover target at current market cap? The aforementioned is my interpretation only of course.
Tara
Posted: Wed Jan 21 3:38:45 2009
Epic Data 2008 results (EKD.v)
The following is my interpretation only, as a shareholder. Like I said, this is a potential turnaround situation.
• 2008 profits +391k or EPS +.03$/share (includes 100k received for sale of Ticket Manager, a non-recurring event).
Other relevant items and metrics
• 1.2M$ cash (.09$/share)
• Working cap -560k (because of 1M$ deferred revenues)
• Gross margin of 51% on 11.2M$ of revenues)
• Free cash flow positive
• 12.9M shares outstanding
• Don`t know the forward looking prospect/backlog but they just announced over 1M$ contracts in january 2009
• Lowest option price is 10 cents
• Last insider trade at 28 cents in june 2008
Tara
Posted: Mon Jan 12 5:10:39 2009
Financials due before month end.
Epic Data receives $1-million in contract renewals 2009-01-07 17:07 ET - News Release
Mr. Imre Togyi reports
EPIC DATA ANNOUNCES SIGNING OF CUSTOMER SERVICE RENEWAL CONTRACTS
Epic Data International Inc. has renewed several support contracts with leading global aerospace, defence and heavy-equipment customers. The renewal contracts, most of which have one-year terms, are valued at over $1-million and were completed with customers including Bell Helicopter, LearJet, Komatsu, Unilever, Volvo, Bombardier, Benchmark Electronics and Terasen Gas.
Epic Data's dedicated customer service team has been providing exceptional care, service and support to its global customer base for more than 30 years. Epic Data provides an all-encompassing suite of solutions and support that ensures industry-leading enterprise manufacturing organizations optimize their operations and realize the most financial return possible.
"Delivering a great customer experience is vital to assisting our customers in achieving rapid time to value, manufacturing excellence and meeting their financial targets," said Alan Foster, vice-president, operations, Epic Data. "Not only do we provide innovative manufacturing solutions that optimize existing manufacturing operations for our customers, but we also provide the support and education they need to continue receiving the benefits of their systems over the long term."
We seek Safe Harbor.
Tara
Posted: Wed Dec 3 7:29:06 2008
Epic Data (EKD.V)
President & CEO: Robert Nygren
info@epicdata.com , (604) 273 – 9146
Epic Data develops a broad range of lean manufacturing and data collection systems for manufacturers from the Aerospace & Defense and Heavy Equipment industries.
The pros
- Q3 EPS = +.03$ (with no one time events)
- Gross margins of 51% in Q3
- No long term debt
- Backlog of over 5.2M$ going forward
- New highly motivated CEO appointed in june 2008, as well as VP sales
- Positive cash flow from operations (excluding WC items)
- Have not seen any lawsuits pending
- Only 12.9M shares outstanding
- Market cap below 500k (pretty much the value of an empty shell)
- 33 years of history with 55 employees
The cons
- Illiquid
- No investor relation exposure
- Working capital deficit of 1M$, but current liabilities show 1.9M$ deferred revenues and 1.3M$ owed to an insider (loan)
- CFO left in october
What makes this company interesting in my opinion?
After an extended series of losses, Epic is perhaps turning the ship around with impressive net earnings of 450k(+.03$/share) in Q3. June 2008 welcomed a new CEO, and VP sales with contacts in sought potential markets. Gross margins above 50% are enticing and should contribute to reduce the working capital deficit. The situation is not perfect, neither are the market conditions, but the recent profitability, combined with current backlog perhaps provide an attractive entry point during tax loss selling season.
P.S. The above is simply my personal understanding and not to be construed as investment advice. Do your own due diligence.
