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Summary
- Stocks of multimedia producer Thunderbird are trading up over 105 per cent year-to-date (YTD).
- Thunderbird stocks have soared by 50 per cent in the last 3 months, earning a place among TMX’s Rising Stars.
- PopReach stocks delivers a current return on equity (ROE) of nearly 3898 per cent, earning a place among TMX’s ROE leader stocks across the TSXV and TSX.
This has been a stellar year for entertainment and multimedia services, boosted by rising consumption of content at in this homebody economy. Apart from established players, several small-cap and emerging communication companies are coming to the fore. We look at two upcoming communication stocks – Thunderbird Entertainment Group Inc. (TSXV:TBRD) and PopReach Corporation (TSXV:POPR).
Thunderbird, a multimedia producer, approved the grant of a cumulative of 360,000 incentive stock options on December 9. These options can be utilized at C$ 3.00 per stock and have a seven-year life, subject to conferring obligations, as per its exchange filing.
PopReach, a mobile game publisher, announced last month that it concluded a non-brokered private placement of C$ 5 million with New Insight Incentive Plan Company, a subsidiary of eWTP Tech Innovation Fund LP, the global investment division of Alibaba Group.
Here’s a deeper analysis of both these emerging communication stocks:
Thunderbird Entertainment Group Inc. (TSXV:TBRD)
Current Stock Price: C$ 3
The company operates in multi-platform media production, entertainment distribution & rights management.
The communication firm stocks have soared nearly 29 per cent in the last one month and swelled by 50 per cent in the last 3 months. As a result, Thunderbird made it to TMX’s Rising Stars, a list of top stocks on the TSXV in the last 3 months. This communication stock is up over 105 per cent year-to-date (YTD).
The stock’s current price-to-cashflow ratio is 12.10, profit-to-book (P/B ratio) is 2.564, and its earnings per share (EPS) stand at C$ 0.07, according to data available on the TMX portal.
This stock ranks among TMX Money’s top communication stocks with the largest price gains in the last 30 days across the TSX and the TSXV.
PopReach Corporation (TSXV:POPR)
Current Stock Price: C$ 1.25
PopReach Corp offers free-to-play mobile games and engages in acquiring and optimizing game contracts. Its franchises have over 1.2 million users per month.
In the last three months, the gaming stock has surged by 42 per cent. The junior communication stock has yielded over 42 per cent growth since its listing on TSXV in July this year.
PopReach stocks deliver a return on equity of nearly 3898 per cent, as per data on the TMX portal. Consequently, the stock made it to TMX’s ROE leader stocks with the highest return on equity over the last 52 weeks.
In the third quarter of 2020, the company reported revenue of US$ 4.3 million, a rise of 3.0 per cent compared to US$ 4.2 million in Q3 2019. The company posted a gross profit margin of 58.1 per cent, from 42.9 per cent in Q3 2019, led by reductions in hosting fees and other costs.
