Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Wall Financial Corp. (X-T) reported second-quarter net earnings of $12.3-million or 37 cents per share versus $4.1-million or 12 cents per share a year ago.
Revenue and other income came in at $188 -million, up from $23.2-million a year ago.
Andrew Peller Ltd. (ADW.A-T; ADW.B-T) says shareholders approved a three-for-one stock split of its Class A shares and Class B shares. It has also been conditionally approved by the Toronto Stock Exchange. The split is effective as of the close of the market on Sept. 23.
"The company believes the stock split and the resulting tripling in the number of common shares outstanding will provide a wider opportunity for investors to become shareholders of the company, thereby increasing liquidity in the company's listed securities," it said in a release.
Chemtrade Logistics Income Fund (CHE.UN-T) says it has made a hostile bid to buy Canexus Corp. (CUS-T).
The proposal is for $1.45 per common share in cash, which is an 18-per-cent premium to Tuesday's closing price of Canexus shares.
Chemtrade said it "may be prepared to increase" the offer.
"We are disappointed that Canexus has refused to engage with Chemtrade," stated Chemtrade CEO Mark Davis in a release. "We are confident that the combination of the two companies would result in a stronger more diverse business and benefit all stakeholders. We encourage the Canexus board to engage in discussions with Chemtrade so that we can quickly complete a transaction."
ADF Group Inc. (DRX-T) recorded revenues of $19.9-million for the second quarter ended July 31, compared with $19.1-million the same period a year ago.
The fabrication and coating company said net income was $245,000 or a penny per share million compared with a loss of $537,000 or 2 cents per share a year ago.
Home Capital Group Inc. (HCG-T) says it plans to make a Normal Course Issuer Bid to purchase for cancellation up to 3.2 million of its shares, or about 5 per cent.
Home Capital said it will only buy on the open market.