Business
Pinetree Capital Announces Unaudited Financial Results for the Period Ended September 30, 2021
TORONTO, ON / ACCESSWIRE / November 5, 2021 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetree" or...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Announces Unaudited Financial Results for the Period Ended September 30, 2021TORONTO, ON / ACCESSWIRE / November 5, 2021 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the three and nine months ended September 30, 2021. All financial information provided in this press release is unaudited and all figures are in $'000 except per share amounts and shares outstanding.Unaudited financial results for the period ended September 30, 2021The following information should be read in conjunction with our annual audited Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards (\"IFRS\") and our annual Management Discussion and Analysis for the year ended December 31, 2020, which can be found on SEDAR at www.sedar.com.Selected Financial Information As at September 30, 2021 As at December 31, 2020Total assets$38,865 $19,484Total liabilities 318 383Book Value 38,547 19,101Shares outstanding 9,387,000 9,045,198Book Value per share (BVPS)$4.11 $2.11 Shares OutstandingEquityBook Value per share (BVPS)1Quarterly ExpensesQuarterly Expenses as % of BV1 $000's$$'000's% Sep-30-219,387,00038,5474.112630.7Jun-30-2118,840,39639,4802.102310.5Mar-31-219,420,19821,9042.332161.0Dec-31-209,045,19819,1012.111320.7Sep-30-209,045,19816,4931.821140.7Jun-30-209,045,19815,3991.701210.8Mar-31-209,045,19815,5401.72610.4Dec-31-199,045,19817,8981.981911.01 Refer to \"Use of Non-IFRS Financial Measures\"Shares Outstanding and Equity amounts are as at the Quarter End dateQuarterly Expenses amounts are for the Three months ending the Quarter End dateAs at September 30, 2021, Pinetree's equity was $38,547 which compares to $19,101 as at December 31, 2020. The increase came primarily from the closing of a financing during the year as described below. As at September 30, 2021, the Company held investments at fair value totaling $25,239, which represented 65% of book value. This compares to investments at fair value of $16,493 representing 86% of book value as at December 31, 2020.Pinetree's BVPS at September 30, 2021 was $4.11 as compared to $2.11 as at December 31, 2020. The increase was primarily due to the share consolidation and split as described below. Excluding the effects of the consolidation, Pinetree's BVPS would have been approximately ...