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Standard ‘trading disclaimer’: I do not guarantee the accuracy of any informations presented in this post. I can get it wrong and I sometimes do. However, those informations are the foundation of why I’ve bought this company stock. I also need to disclose the fact that I’m trading, not investing. My exit strategy is limited in time – I probably won’t have any more of this stock in 6 months. I do not post this article to suggest trading. It is meant as a presentation of a company that, in my book, should get more recognition.
This is the first post of the new ’stockmarket’ tag – more to come. My portfolio performance is available here: portfolio performance.
iWeb Group Inc.
as per their website:
iWeb has been providing reliable and scalable Internet hosting infrastructure solutions with its shared web hosting, dedicated servers, managed hosting and colocation services for over a decade. [...] Today iWeb is one of the largest web hosts and Internet hosting infrastructures provider in Canada. iWeb’s operations centres shelter a total of more than 59 000 square feet of latest generation data center and office floor space in Montreal and offers a wide variety of first class web hosting and server management services.
[ more information available here ]
FOR iWeb:
- 2008 ; Goldman Sachs 20M$ investment. Part of the deal involve issuing stock @ 1.30$. This is 10% of current market capitalization (at 0.80$CAD)
- Reliable board of directors. Very low rate of change in the management structure.
- They can be trusted. They not only survived all the previous dot.com crash but they thrive in troubled time. Enterprise look to reduce/fix infrastructure cost and iWeb has proved to be a reliable player. They are one of the most reliable hosting company sites in april 2009: netcraft report. They were also recognized, in 2007, for their free speech respect.
- They are involved in the local communities and present in new media. They have a twitter account, they maintain a corporate blog and most of the director also have one.
Mitigating factors, iWeb:
- The main part of their income (and their financing) is at the international level (in $USD), which make them very dependent on the weakness/strength of the Canadian dollar.
- Very, very, low trading volume. Last transaction price @ 0.80$CAD, current buying price is at 0.85$CAD and selling at 1.10$CAD (which is the 52 weeks high). Be careful is you send a market order.
Note: they are releasing their Q2 Earning report tomorrow, before the market opening.
tagged with : , finance, iweb, Montreal, stockmarket, trading | permalink
5 Responses to “stock market: iWeb Group Inc. (TSX-venture:IWB)”
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heri Says:
May 20th, 2009 at 5:43 pmthis just in
http://www.newswire.ca/en/releases/archive/May2009/20/c5859.html
iWeb reports revenue increase of 94% in the second quarter; EBITDA of $2 million
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Pascal Charest Says:
May 20th, 2009 at 6:38 pmThis is why I love iWeb. We can see in those earning report that this company isn’t built for investor but for services and growth.
Still.. I’d like a little push on the stock price tomorrow ;-)
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managed hosting Says:
May 21st, 2009 at 5:28 amManaged hosting is meant for those websites that are designed to host busy e-commerce sites and dynamic, database driven Web pages. Perfect for organizations that don’t’ have the time or capital to invest in server administration.
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Pascal Charest Says:
May 21st, 2009 at 8:59 amWouuu.. now, I’m getting contextual spam – guess this post made some waves…
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heri Says:
May 22nd, 2009 at 2:28 pmlol
it has the right keywords in it. hosting has money (cashflow) in it, so that’s why it’s targetd by spammers