Business
Aberdeen Reports Shareholders' Equity of $0.39 Per Share and Third Quarter Financial Results
TORONTO, ONTARIO--(Marketwired - Dec. 14, 2016) - ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) is pleased to announce that it has releas
About this update from Aberdeen International Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Dec. 14, 2016) - ABERDEEN INTERNATIONAL INC. (\"Aberdeen\", or the \"Company\") (TSX:AAB) is pleased to announce that it has released its financial results for the third quarter ended October 31, 2016. Highlights: Net income for the nine months ended October 31, 2016 was $9.9 million or $0.11 per basic share; Aberdeen's largest public shareholding by value, Lithium X Energy Corp., continues to trade well and closed at $2.02 per share on the TSX Venture on December 13, 2016; In the quarter, the Company made new investments in QMX Gold Corporation, Pitchblack Resources Ltd, Valencia Ventures Inc. and a private Ontario company, 2523701 Ontario Inc., which holds lithium claims in Namibia. Completed NCIB by repurchasing and cancelling 6.6 million Aberdeen shares. As at October 31, 2016, Aberdeen's shareholders' equity and net asset value (\"NAV\") was $34.6 million, or $0.39 per share. Given the nature of Aberdeen's operations, there is currently no difference between \"shareholder equity\" and \"net asset value\" for Aberdeen. On a year-over-year basis, Aberdeen's shareholders' equity has increased by $8.1 million. October 31, 2016 January 31, 2016 October 31, 2015 Shares outstanding 88,912,282 95,546,628 96,206,784 $ $/Shares $ $/Shares $ $/Shares Cash on hand 1,513,635 0.017 604,613 0.006 2,793,769 0.029 Investments Publicly traded 13,041,522 0.147 2,754,448 0.029 2,634,604 0.027 Private 19,044,924 0.214 19,322,417 0.202 12,156,907 0.126 Non-trading warrants Intrinsic value - - - 0.000 116,000 0.001 Option value 45,520 0.001 423,920 0.004 426,280 0.004 45,520 0.001 423,920 0.004 542,280 0.005 Portfolio Investments 32,131,966 0.361 22,500,785 0.235 15,333,792 0.159 Loans 1,709,903 0.019 - - - - Total 35,355,504 0.398 23,105,398 0.241 18,127,561 0.188 For the three months ended October 31, 2016, Aberdeen reported a net loss of $2.5 million or $0.03 per basic share on total revenue of $(2.0) million. For the three months ending October 31, 2015, Aberdeen reported a net loss of $1.1 million or $0.01 per basic share on total revenue of $0.3 million ($0.2 million from net investment gains and $0.1 million from interest and dividend income and advisory f...