Annuncio • Jun 24
ICPEI Holdings Inc., Annual General Meeting, Aug 18, 2022 ICPEI Holdings Inc., Annual General Meeting, Aug 18, 2022. Annuncio • Jan 06
ICPEI Holdings Inc. announced that it has received CAD 0.850001 million in funding On January 4, 2022, ICPEI Holdings Inc. closed the transaction. The transaction has received conditional approval from the TSX Venture Exchange and is subject to final approval by the TSX Venture Exchange. Certain insider of the company has subscribed for an aggregate of CAD 100,000 of shares. The transaction was approved by the independent directors of the company. The shares issued pursuant to the transaction are subject to a four-month-and-one-day hold period ending on May 5, 2022. Annuncio • Nov 27
ICPEI Holdings Inc. announced that it expects to receive CAD 0.850001 million in funding ICPEI Holdings Inc. announced a non-brokered private placement of up to 440,415 at a price of CAD 1.93 per FALSE for gross proceeds of up to CAD 850,000.95 on November 26, 2021. The transaction is subject to approval from TSX Venture Exchange. The transaction has been approved by the board of director's of the company. The securities are being subject to four months and one day hold period. On closing of the transaction, it is expected that certain insider will subscribe for an aggregate of CAD 100,000 of shares. Annuncio • Apr 03
EFH Holdings Inc. announced that it has received CAD 3.884552 million in funding On April 1, 2021, EFH Holdings Inc. (TSXV:EFH) closed the transaction. The Shares issued pursuant to the Private Placement are subject to a four month and one day hold period, ending on August 2, 2021, in accordance with applicable Canadian securities legislation. The Private Placement have received the conditional approval of the TSX Venture Exchange and remain subject to final approval by the TSX Venture Exchange. Annuncio • Mar 13
EFH Holdings Inc. announced that it expects to receive CAD 3.739002 million in funding EFH Holdings Inc. (TSXV:EFH) announced a private placement of up to 2,633,100 common shares at an issue price of CAD 1.42 per share for gross proceeds of CAD 3,739,002 on March 11, 2021. The shares issued pursuant to the transaction will be subject to a hold period of four months and one day from the date of closing of the transaction. In addition, the transaction is subject to the approval of the TSX Venture Exchange. Annuncio • Dec 23
EFH Holdings to Delist from TSX Effective at the opening Wednesday, December 23, 2020, the shares of the EFH Holdings Inc. (Echelon Financial Holdings Inc.) will commence trading on TSX Venture Exchange. The Company is classified as an 'Insurance Carriers" company (NAICS#5241). The Company is presently trading on the Toronto Stock Exchange and will be delisted at the market close on Tuesday, December 22, 2020. Pursuant to a resolution passed by shareholders on December 11, 2020, the Company has changed its name to EFH Holdings Inc. There is no consolidation of capital. Effective at the opening December 23, 2020, The common shares of EFH Holdings Inc. will commence trading on TSX Venture Exchange and the common shares of Echelon Financial Holdings Inc. will be delisted. Annuncio • Dec 15
Echelon Financial Holdings Updates on Transfer of Listing from TSX to TSXV Echelon Financial Holdings Inc. announced on December 14, 2020 that it has received acceptance to be listed on the TSX Venture Exchange ("TSXV") following its announcement on August 26, 2020 that it intended to seek a listing on the TSXV and to delist from the Toronto Stock Exchange. The proposed date of the transition from the TSX to TSXV is December 22, 2020. EFH stock will be delisted on the Toronto Stock Exchange at the end of the trading day on December 22, 2020 and will be listed on the TSX Venture Exchange at the opening on December 23, 2020. At the same time, the Company has received approval to change its name to EFH Holdings Inc. and is taking steps to implement the name change. The stock symbol on the TSXV will remain as "EFH". With the current size and scale of operation, the board has decided that a listing on the TSXV is more suitable than the TSX to reduce costs and have suitable followings until it has grown to a significantly larger size in the future. Given that the TSXV is an acceptable alternate market for the listed stock, shareholder approval is not required for the delisting on the TSX. Annuncio • Dec 13
Echelon Financial Holdings Inc. Approves the Appointment of Robert Ghiz as Director Echelon Financial Holdings Inc. announced at its AGM held on December 11, 2020, the shareholders approved the appointment of Robert Ghiz as Director. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 19% share price gain to CA$1.60, the stock is trading at a trailing P/E ratio of 4.8x, up from the previous P/E ratio of 4x. This compares to an average P/E of 11x in the Insurance industry in Canada. Total returns to shareholders over the past three years are 66%. Recent Insider Transactions • Nov 23
Independent Director recently bought CA$363k worth of stock On the 17th of November, James Reeve bought around 269k shares on-market at roughly CA$1.35 per share. In the last 3 months, they made an even bigger purchase worth CA$649k. Insiders have collectively bought CA$1.2m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 27% share price gain to CA$1.71, the stock is trading at a trailing P/E ratio of 5.1x, up from the previous P/E ratio of 4x. This compares to an average P/E of 11x in the Insurance industry in Canada. Total returns to shareholders over the past three years are 76%. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS CA$0.24 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$12.5m (up 35% from 3Q 2019). Net income: CA$2.92m (up CA$3.43m from 3Q 2019). Profit margin: 23% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS CA$0.25 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$12.5m (up 35% from 3Q 2019). Net income: CA$2.92m (up CA$3.43m from 3Q 2019). Profit margin: 23% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Annuncio • Nov 13
Echelon Financial Holdings Inc. Announces Board Appointments Echelon Financial Holdings Inc. announced that Robert Ghiz and Sharon Ranson have been appointed to the Company's Board of Directors, effective November 12, 2020. Robert Ghiz is President and CEO of the Canadian Wireless Telecommunications Association and former Premier of Prince Edward Island. He is a member of the board of directors and Chair of the audit and risk committee of the Insurance Company of Prince Edward Island, the Company's subsidiary. Mr. Ghiz and Ms. Ranson will be subject to election at the Company's annual and special general meeting of shareholders on December 11, 2020. Both have been appointed to serve on the Company's Audit and Risk Committee. Recent Insider Transactions • Oct 08
President recently bought CA$599k worth of stock On the 1st of October, Serge Lavoie bought around 444k shares on-market at roughly CA$1.35 per share. This was the largest purchase by an insider in the last 3 months. Serge has been a buyer over the last 12 months, purchasing a net total of CA$271k worth in shares. Annuncio • Sep 30
An unknown buyer acquired Echelon Financial Holdings Inc. (TSX:EFH) from EdgePoint Investment Group Inc. and Cymbria Corporation (TSX:CYB), fund managed by EdgePoint Investment Group Inc. for CAD 4.8 million. An unknown buyer acquired Echelon Financial Holdings Inc. (TSX:EFH) from EdgePoint Investment Group Inc. and Cymbria Corporation (TSX:CYB), fund managed by EdgePoint Investment Group Inc. for CAD 4.8 million on September 29, 2020. Under the terms of transaction, the buyer acquired acquire 2.4 million shares from Cymbria Corporation; fund managed by EdgePoint Investment Group Inc. and 1.15 million shares from EdgePoint Investment Group Inc. Upon completion, the control of shares of Echelon Financial, held by EdgePoint Investment were reduced and Cymbria would not own any share in Echelon.
An unknown buyer completed the acquisition of Echelon Financial Holdings Inc. (TSX:EFH) from EdgePoint Investment Group Inc. and Cymbria Corporation (TSX:CYB), fund managed by EdgePoint Investment Group Inc. on September 29, 2020. 