Loading...

We've got a brand new version of Simply Wall St! Try it out

Reservoir Capital

CNSX:REO
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
REO
CNSX
CA$19M
Market Cap
  1. Home
  2. CA
  3. Utilities
Company description

Reservoir Capital Corp. is a principal investment firm. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Reservoir Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
REO Share Price and Events
7 Day Returns
-37.5%
CNSX:REO
1.8%
CA Renewable Energy
1.3%
CA Market
1 Year Returns
-
CNSX:REO
12.3%
CA Renewable Energy
-0.1%
CA Market
REO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reservoir Capital (REO) -37.5% - -64.3% - - -
CA Renewable Energy 1.8% 1.1% 0.9% 12.3% 10.4% 18.1%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • No trading data on REO.
  • No trading data on REO.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Reservoir Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Reservoir Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Reservoir Capital.

CNSX:REO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:REO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.44
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.443 (1 + (1- 26.5%) (0%))
0.627
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.8 * 5.96%)
6.72%

Discounted Cash Flow Calculation for CNSX:REO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Reservoir Capital is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

CNSX:REO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.72%)
2020 0.30 Est @ 2.27% 0.28
2021 0.31 Est @ 2.17% 0.27
2022 0.32 Est @ 2.1% 0.26
2023 0.32 Est @ 2.06% 0.25
2024 0.33 Est @ 2.02% 0.24
2025 0.34 Est @ 2% 0.23
2026 0.34 Est @ 1.98% 0.22
2027 0.35 Est @ 1.97% 0.21
2028 0.36 Est @ 1.97% 0.20
2029 0.36 Est @ 1.96% 0.19
Present value of next 10 years cash flows CA$2.00
CNSX:REO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$0.36 × (1 + 1.95%) ÷ (6.72% – 1.95%)
CA$7.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$7.77 ÷ (1 + 6.72%)10
CA$4.06
CNSX:REO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$2.00 + CA$4.06
CA$6.06
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$6.06 / 481.05
CA$0.01
CNSX:REO Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.01
Current discount Discount to share price of CA$0.03
= -1 x (CA$0.03 - CA$0.01) / CA$0.01
-98.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Reservoir Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Reservoir Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reservoir Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:REO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.01
CNSX:REO Share Price ** CNSX (2019-09-18) in CAD CA$0.03
Canada Renewable Energy Industry PE Ratio Median Figure of 7 Publicly-Listed Renewable Energy Companies 14.89x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Reservoir Capital.

CNSX:REO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:REO Share Price ÷ EPS (both in CAD)

= 0.03 ÷ -0.01

-3.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reservoir Capital is loss making, we can't compare its value to the CA Renewable Energy industry average.
  • Reservoir Capital is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Reservoir Capital's expected growth come at a high price?
Raw Data
CNSX:REO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Renewable Energy Industry PEG Ratio Median Figure of 6 Publicly-Listed Renewable Energy Companies 0.6x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Reservoir Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Reservoir Capital's assets?
Raw Data
CNSX:REO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.06
CNSX:REO Share Price * CNSX (2019-09-18) in CAD CA$0.03
Canada Renewable Energy Industry PB Ratio Median Figure of 15 Publicly-Listed Renewable Energy Companies 1.99x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:REO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:REO Share Price ÷ Book Value per Share (both in CAD)

= 0.03 ÷ 0.06

0.43x

* Primary Listing of Reservoir Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reservoir Capital is good value based on assets compared to the CA Renewable Energy industry average.
X
Value checks
We assess Reservoir Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Renewable Energy industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Renewable Energy industry average (and greater than 0)? (1 check)
  5. Reservoir Capital has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Reservoir Capital expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Reservoir Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.9%
Expected Renewable Energy industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reservoir Capital expected to grow at an attractive rate?
  • Unable to compare Reservoir Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Reservoir Capital's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Reservoir Capital's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:REO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 26.9%
Canada Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:REO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:REO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 1 0 -2
2019-03-31 1 0 -1
2018-12-31 0 0 -1
2018-09-30 0 0 -4
2018-06-30 0 0 0
2018-03-31 0 0 0
2017-12-31 0 0 0
2016-12-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Reservoir Capital is high growth as no earnings estimate data is available.
  • Unable to determine if Reservoir Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:REO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Reservoir Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:REO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.01
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.04
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Reservoir Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Reservoir Capital's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Reservoir Capital's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Utilities companies here
  3. Reservoir Capital's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Reservoir Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Reservoir Capital has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Reservoir Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Reservoir Capital's growth in the last year to its industry (Renewable Energy).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Reservoir Capital does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Reservoir Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Reservoir Capital's 1-year growth to the CA Renewable Energy industry average as it is not currently profitable.
Earnings and Revenue History
Reservoir Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Reservoir Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:REO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 0.80 -1.52 0.58
2019-03-31 0.80 -1.38 0.36
2018-12-31 0.38 -1.45 0.25
2018-09-30 0.24 -3.78 0.04
2018-06-30 0.16 0.14 0.04
2018-03-31 0.16 0.14 0.03
2017-12-31 0.15 0.12 0.03
2016-12-31 -0.79 0.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Reservoir Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Reservoir Capital has efficiently used its assets last year compared to the CA Renewable Energy industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Reservoir Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Reservoir Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Renewable Energy industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Reservoir Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Reservoir Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Reservoir Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reservoir Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Reservoir Capital has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Reservoir Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Reservoir Capital has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Reservoir Capital Company Filings, last reported 2 months ago.

CNSX:REO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 29.12 0.00 0.67
2019-03-31 15.47 0.00 0.41
2018-12-31 15.40 0.24 0.48
2018-09-30 13.90 0.24 0.56
2018-06-30 14.04 0.00 0.17
2018-03-31 13.77 0.00 0.17
2017-12-31 13.39 0.00 0.01
2016-12-31 0.02 0.00 0.02
  • Reservoir Capital has no debt.
  • Reservoir Capital currently has no debt however we can't compare to 5 years ago as we have no data for that period.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Reservoir Capital has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Reservoir Capital has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -72.1% per year.
X
Financial health checks
We assess Reservoir Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reservoir Capital has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Reservoir Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Reservoir Capital dividends.
If you bought CA$2,000 of Reservoir Capital shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Reservoir Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Reservoir Capital's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:REO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.9%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Reservoir Capital has not reported any payouts.
  • Unable to verify if Reservoir Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Reservoir Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Reservoir Capital has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Reservoir Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reservoir Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reservoir Capital has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Reservoir Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lewis Reford
AGE 58
TENURE AS CEO 3.1 years
CEO Bio

Mr. Lewis T. Reford has been the President and Chief Executive Officer at Reservoir Capital Corp. since August 29, 2016 and has been its Director January 20, 2011. Mr. Reford served as an Interim Chief Executive Officer and Interim President of Reservoir Capital Corp since August 30, 2016. He serves as an Advisor to Solar Ship Inc. Mr. Reford served as the Chief Executive Officer of Schneider Power Inc. since 2008 until 2010. Mr. Reford served as the President and Chief Executive Officer at MGI Securities Inc. from August 2006 to December 2007. He served as an Interim Chief Executive Officer of Schneider Power Inc. since August 2009. Previously, Mr. Reford served as a Consultant to Gazit Canada, providing renewable energy and corporate finance advisory services from June 2008 to June 2009. He has many years of experience in the financial services industry, including 12 years in the area of corporate finance/investment banking. He is a leading energy and corporate finance professional with international expertise in renewable energy generation. From 1998 to 2005, he served as a Managing Director of J.P. Morgan in New York and Toronto, where he covered North American clients in the industrials and natural resource sectors. From 1995 to 1998, he served as a Vice President with Salomon Smith Barney and prior to that he was with Richardson Greenshields as a corporate finance associate. Mr. Reford worked as a corporate development executive for Total S.A. His background includes international postings in Paris, London, New York and Australia. In addition to his investment banking experience, he has a background in geophysics and has worked in the mining and oil & gas industries, particularly in mergers and acquisitions. He serves as the Chairman of Caldera Geothermal Inc. He has been Director of Reservoir Capital Corp since January 20, 2011 and served as its Lead Director from February 8, 2012 to August 30, 2016. He serves as a Director of McArthur & Associates. He has been a Director of Gazit America Inc., since July 2009. He served as a Director of Schneider Power Inc., since January 2009. He serves on the Board of a number of civic cultural institutions including the Sony Center for the Performing Arts. Mr. Reford is President of the Rosedale-Moore Park Association and serves on the Board of Toronto’s Sony Centre for the Performing Arts. Mr. Reford obtained Bachelor of Science in Geophysical Engineering from the Colorado School of Mines in 1981.

CEO Compensation
  • Insufficient data for Lewis to compare compensation growth.
  • Insufficient data for Lewis to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Reservoir Capital management team in years:

1
Average Tenure
58
Average Age
  • The average tenure for the Reservoir Capital management team is less than 2 years, this suggests a new team.
Management Team

Lewis Reford

TITLE
President
AGE
58
TENURE
3.1 yrs

Bill Tsang

TITLE
Chief Financial Officer
AGE
35
TENURE
0.3 yrs

Kim Casswell

TITLE
Corporate Secretary
AGE
63
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Reservoir Capital board of directors in years:

1
Average Tenure
53
Average Age
  • The average tenure for the Reservoir Capital board of directors is less than 3 years, this suggests a new board.
Board of Directors

Vincent Gueneau

TITLE
Chairman of the Board
AGE
48
TENURE
1 yrs

Lewis Reford

TITLE
President
AGE
58
TENURE
8.7 yrs

Andrea Zaradic

TITLE
Independent Director
AGE
53
TENURE
1 yrs

Vianney Mathonnet

TITLE
Independent Director
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Reservoir Capital individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
04. Sep 19 Buy Lewis Reford Individual 04. Sep 19 04. Sep 19 50,000 CA$0.04 CA$2,050
15. Aug 19 Buy Vianney Mathonnet Individual 15. Aug 19 15. Aug 19 2,000 CA$0.05 CA$90
06. Aug 19 Buy Lewis Reford Individual 02. Aug 19 02. Aug 19 34,000 CA$0.05 CA$1,700
29. Jul 19 Buy Vianney Mathonnet Individual 19. Jul 19 19. Jul 19 2,000 CA$0.06 CA$110
08. Jul 19 Buy Vianney Mathonnet Individual 03. Jul 19 03. Jul 19 4,000 CA$0.07 CA$280
16. Jul 19 Buy Vianney Mathonnet Individual 09. Jul 19 09. Jul 19 8,000 CA$0.06 CA$445
17. Jun 19 Buy Vianney Mathonnet Individual 12. Jun 19 13. Jun 19 12,000 CA$0.07 CA$807
11. Jun 19 Buy Vianney Mathonnet Individual 06. Jun 19 06. Jun 19 25,000 CA$0.06 CA$1,400
02. Apr 19 Buy Vianney Mathonnet Individual 29. Mar 19 29. Mar 19 58,000 CA$0.06 CA$3,230
19. Mar 19 Buy Vianney Mathonnet Individual 12. Mar 19 12. Mar 19 5,000 CA$0.06 CA$275
04. Mar 19 Buy Vianney Mathonnet Individual 28. Feb 19 28. Feb 19 7,000 CA$0.06 CA$405
21. Feb 19 Buy Lewis Reford Individual 20. Feb 19 20. Feb 19 50,000 CA$0.05 CA$2,500
20. Feb 19 Buy Lewis Reford Individual 19. Feb 19 19. Feb 19 50,000 CA$0.05 CA$2,300
11. Feb 19 Buy Lewis Reford Individual 08. Feb 19 08. Feb 19 200,000 CA$0.05 CA$10,000
X
Management checks
We assess Reservoir Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Reservoir Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The Reservoir Capital Corp. (CNSX:REO) Ownership Structure Tell Us Something Useful?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Reservoir Capital is a smaller company with a market capitalization of CA$4.1m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Company Info

Description

Reservoir Capital Corp. is a principal investment firm. The firm is focused on renewable energy and concentrates on operational power projects located in emerging markets. It prefers to hold a minority stake in its investments. Reservoir Capital Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Details
Name: Reservoir Capital Corp.
REO
Exchange: CNSX
Founded: 2006
CA$19,241,895
481,047,377
Website: http://www.reservoircapitalcorp.com
Address: Reservoir Capital Corp.
595 Howe Street,
10th Floor,
Vancouver,
British Columbia, V6C 2T5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX REO Common Shares Canadian National Stock Exchange CA CAD 28. Sep 2018
OTCPK RSER.F Common Shares Pink Sheets LLC US USD 28. Sep 2018
Number of employees
Current staff
Staff numbers
0
Reservoir Capital employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:55
End of day share price update: 2019/09/18 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.