I have written about Urbana Corp (TSE: URB and TSE: URB.A) several times, and Saj Karsan wrote about it here. The short story is that this is an investment company with holdings comprised of stock exchanges and other financial companies. The bulk of the company’s assets (by value) are publicly traded, so therefore easily valued. Unlike many of the companies I feature on this site, an investor doesn’t need to question . . .
|
|||
|
Dean over at Petty Cash has produced some nice graphs showing Urbana Corp’s (URB) (URB.A) NAV versus price (for each share class) over time. Pretty interesting stuff, and worth a read for anyone that was interested in my write-up here, here or here. Check out the charts here. Also, on a side note, URB investment portfolio manager Tom Caldwell as . . . Last week I featured Urbana Corp (URB) (URB.A) in a post related to the spread between Urbana’s two share classes which differ only in relation to voting rights. I concluded that the magnitude of the spread seemed not to be justified. In a recent study, Paul Schultz and Sophia Shive looked at all similar instances from 1993 to 2006 (there were 100 companies): This is the first paper to examine the microstructure of . . . I recently profiled Urbana Corp (URB.A) (URB) here. The CEO of Urbana recently released his annual letter and it is worth a read: In regard to Urbana’s share price, the environment of the past three years was further exacerbated by a few major Fund holders of the “A” shares becoming sellers in order to match their own fund redemptions. The nature of this selling tended to be in larger blocks directed straight into the market. . . . Saj Karsan of BarelKarsan.com recently wrote about Urbana Corp (see his post here). I found his write-up compelling, so I decided to look deeper. I looked deeper, and agreed with Saj (hence disclosure below), but I noticed a strange phenomenon worth bringing up. Urbana Corp’s capital structure currently includes two classes of shares: 10,000,000 “URB” Common Shares 69,600,000 ”URB.A” Non-Voting Class A Common Shares The company explains the difference between . . . |
 |
||
|
Copyright © 2012 Frank Voisin. All Rights Reserved. Content may not be copied, distributed, re-transmitted, or re-posted in any form without prior approval. Any quotes must include credit to the author including a link to the original source. The information found on this site should not be considered to be investment advice. Any investment decisions you make should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. The author is not a registered investment advisor and does not represent the information on this site as a recommendation for readers to buy or sell the securities under discussion. All information contained herein is believed to be accurate at the time the information is posted. However, it is possible that errors may exist on this site. The reader should conduct his or her own due diligence and not, under any circumstances, rely on any of the information presented on this site. All liability for the content of this website, including any omissions, inaccuracies, errors, or misstatements is expressly disclaimed. Always complete your own due diligence. The author will disclose positions held in securities under discussion at the time of posting, however the author will NOT update prior posts or otherwise communicate changes in market positions after the time of posting. Powered by WordPress & Atahualpa |
|||
