January 15, 2021 | Speculative Blank Check Companies Create Billions of Paper Profits
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
A $12.5 million investment in clean energy earned an “accidental” profit of $200 million from a blank-check company. Here is how that works.
Blank-check companies SPACs or Special Purpose Acquisition Companies are proliferating, a strong signal that this market has gone wild.
Blank-check vehicles are shell companies used to take a private company public while bypassing the normal requirements for a stock market listing. Along the way many people gain substantial riches, sometimes without taking any risk.
Even institutional investors, like AIMCO and the Health Care of Ontario Pension Plan, are getting involved in this hot market. One of the largest funds to participate is Saudi Arabia’s $300 billion Public Investment Fund.
January 8, 2021 | Grantham Predicts a Crash
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
Investment guru Jeremy Grantham, founder of a major investment firm based in Boston, delivered a warning this week. He says that the U.S. market is in the late stages of a major bubble.
He predicts losses in the stock market comparable to the post-2000 period when the tech-heavy NASDAQ index declined 82 percent over two years.
Will Grantham’s dire prediction come true this time?
I met Jeremy Grantham in 2003 when he was a keynote speaker at the annual BCA Research conference in New York City. He started his talk by stating, “I’ve never been wrong.” After a long pause, during which the audience became very uncomfortable, he continued, “I’ve been early.” And the room erupted in laughter. I met him for the first time that day but he was famous for correctly calling the peak in the dot-com bubble in 2000, when he had been about two
Vancouver, BC, January 8, 2021 (T-Net)
Apollo Insurance Solutions Ltd (TSXV: APLO Reserved), Canada s leading online insurance company, announced today that it has closed an oversubscribed $13.5 million Series A financing round, far exceeding its original $4 million target.
Gravitas Securities Inc. led the financing which resulted in a strong and diverse shareholder base that included Trisura Group Ltd. (TSX: TSU), an international specialty insurance provider operating in the surety, risk solutions, corporate insurance and reinsurance segments of the market, and Liberty Mutual Insurance, a Fortune 100 company that is the sixth largest global property and casualty insurer based on 2019 gross written premium.
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TORONTO, Jan. 7, 2021 /CNW/ - Apollo Insurance Solutions Ltd. ( APOLLO Insurance ) (TSXV: APLO Reserved), Canada s leading online insurance company, announced today that it has closed an oversubscribed $13.5 million Series A financing round, far exceeding its original $4 million target. Gravitas Securities Inc. led the financing which resulted in a strong and diverse shareholder base that included Trisura Group Ltd. (TSX: TSU), an international specialty insurance provider operating in the surety, risk solutions, corporate insurance and reinsurance segments of the market, and Liberty Mutual Insurance, a Fortune 100 company that is the sixth largest global property and casualty insurer based on 2019 gross written premium.
December 18, 2020 | A Canadian Hydrogen Strategy Could Be a Winner
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
Canada’s new clean energy plan was unveiled on December 11, 2020. The Hydrogen Strategy for Canada came out this week.
Every region of Canada has the potential to produce hydrogen, from several different sources.
Will hydrogen play a key role in saving Canada’s energy industry?
The Hydrogen Strategy is part of the Trudeau government’s bold bet that voters will support a clean energy push going into an election in 2021.
Most people are focused on the debate about a national carbon tax. But the Hydrogen Strategy for Canada is a key component.