Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Torrent Capital (TORR) has achieved record growth in 2020 with a NAV per share of C$1.06
  • This represents a 76 per cent increase from December 31, 2019 when its NAV was $0.60 per share
  • Realized gains on investments were $7,244,237 in 2020 compared to $1,020,140 in 2019, representing an increase of 610 per cent
  • Gains in renewable energy and clean technology as well as select core holdings accounted for Torrent’s 2020 performance
  • The company has achieved cumulative returns of 319 per cent since inception, representing an average annual return of 50 per cent
  • Torrent Capital invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value
  • Torrent (TORR) closed the day trading flat at $1.12 per share

Torrent Capital (TORR) has achieved record growth in 2020 with a net asset value per share of C$1.06.

This represents a 76 per cent increase from December 31, 2019 when its net asset value was $0.60 per share.

Realized gains on investments were $7,244,237 during 2020 compared to $1,020,140 in 2019, representing an increase of 610 per cent.

Unrealized gains on investments were $7,312,662 as of year-end 2020, a 100 per cent increase compared to $3,656,421 of unrealized gains as of December 31, 2019.

During 2020, Torrent favored heavier weightings in renewable energy and clean technology. Investments in this sector and gains on other core holdings such as Wildbrain (WILD), kneat.com (KSI) and Sona Nanotech (SONA) contributed to the company’s performance through the year.

Since Torrent’s launch on June 30, 2017, the company has achieved cumulative returns of 319 per cent, representing an average annual return of 50 per cent.

The average annual return during the same period was 1.4 per cent for the S&P/TSX Small Cap Index and 13.1 per cent for the S&P 500.

Torrent’s flexible mandate allows it to manage a diversified portfolio across multiple sectors and time horizons. The company invests primarily in small cap Canadian issuers and actively seeks opportunities in:

  • Revenue generating software and leading-edge technology
  • Green technology, clean energy or ESG-related businesses
  • Turnaround opportunities with potential catalysts or renewed focus
  • Roll-ups and consolidations of fragmented industries
  • Resource companies focused on metals critical to clean energy supply chains

Wade Dawe, President and CEO of Torrent Capital, commented,

“Despite the global pandemic and volatile market conditions through the year, our investment team excelled at delivering on a high-growth investment strategy. We continue to research new investment opportunities with a focus on the clean technology space and we are confident in our positioning for future returns. I look forward to reporting on our progress through 2021 and beyond.”

Torrent Capital invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value.

Torrent (TORR) closed the day trading flat at $1.12 per share.

More From The Market Herald

" MINT Income Fund (TSX:MID.UN) announces NCIB

MINT Income Fund (MID.UN) has received approval for a normal course issuer bid (NCIB).

" Stockhouse @ the Bell: Bay St. up … Wall St. down

It was almost another day in the red for Canada’s main stock index on Thursday, but weaker crude prices turned around by midday

" Brookfield Asset Management (TSX:BAM.A) renews NCIB

Brookfield Asset Management (BAM.A) has received approval from the TSX to renew its normal course issuer bid.
Tenet Fintech Group - CEO of Tenet Asia, Liang Qiu.

" Tenet Fintech (CSE:PKK) partners with China’s largest insurer

Tenet (PKK) has launched the first insurance policy exclusive to its Heartbeat platform.