Humboldt Capital Corporation (TSXV:HMB)
Historical Stock Chart
From Jul 2019 to Jul 2024
CALGARY, Nov. 26 /CNW/ --
CALGARY, Nov. 26 /CNW/ - Humboldt Capital Corporation (TSX-V: HMB)
Humboldt is pleased to report that at September 30, 2010, the Company's
net asset value had increased to $49.3 million or $3.99 per share,
fully diluted, compared with $38.7 million, or $3.16 per share, fully
diluted, a year earlier. Humboldt closed the quarter with $8.5 million
of working capital or 17 % of its asset value.
Earnings totaled $4.3 million for the third quarter of 2010. Earnings
for the nine months ended September 30, 2010 were $2.6 million or $0.22
per share compared with $8.2 million or $0.67 per share for the nine
months ended September 30, 2009.
Humboldt is in an enviable position, with a substantial cash balance
built up during 2007 and early 2008, to allow it to weather any
significant economic and stock market set back. From this position of
strength Humboldt plans to continue to upgrade the quality of its
holdings while reducing its portfolio diversity over the next year.
Highlights
Nine Months Ended September 30,
(Thousands, except per share amounts) 2010 2009 2008
Earnings (loss) and comprehensive $ 2,649 $ 8,163 $ (10,859)
earnings (loss) for the period
Earnings (loss) per share, diluted $ 0.22 $ 0.67 $ (0.88)
Eligible Dividends paid $ - $ 3,042 $ -
Dividends per share $ - $ 0.25 $ -
Share capital $ 2,017 $ 2,033 $ 2,048
Retained earnings $ 45,783 $ 35,291 $ 41,916
Shareholders' equity $ 49,297 $ 38,664 $ 45,304
Cash and cash equivalents $ 8,261 $ 14,699 $ 22,621
Shares outstanding 12,022 12,120 12,207
Net asset value per share, diluted $ 3.99 $3.16 $3.64
Humboldt Financial Statements and Management's Discussion and Analysis
for the nine months ended September 30, 2010 have been filed on SEDAR
and can be found on Humboldt's website at www.humboldtcapital.com.
Forward-looking statements - the press release today contains "forward-looking" information.
Actual results could differ materially from the conclusions, forecasts
or projections in the forward-looking information. Certain material
factors and assumptions were applied in drawing the conclusions or
making the forecasts or projections as reflected in the forward-looking
information. Additional information about the material factors that
could cause actual results to differ materially from the conclusion,
forecast or projection in the forward-looking information and the
material factors or assumptions that were applied in drawing the
conclusion or making the forecast or projection as reflected in the
forward-looking information is contained in the press release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
piR.W. Lamond, Chairman of the Board - or - C.A. (Tony) Teare, Executive Vice President/ibr/ HUMBOLDT CAPITAL CORPORATIONbr/ Telephone: (403) 269-9889br/ Fax: (403) 269-9890br/ TSX-V: HMB/p