Canadian stock report - BlackBerry

CANA

BlackBerry increases, issued 5 new patents April 20, 2018 17:00 EDT

NEWS BITES - NORTH AMERICA

BlackBerry (TSX:BB), Canada's largest Communication equipment company by market cap, has increased 10.0c (0.7%) from its last trading session of April 19 to close at CAD13.54. Compared with the S&P/TSX 60 Index which rose 2.2 points (0.2%) in the day, the relative price increase was 0.5%. The volume was 0.3 times the average daily trading volume of 3 million shares. The stock lifted 2.3% in the past week.

BLACKBERRY ISSUED 5 NEW PATENTS IN THE WEEK OF APRIL 17, 2018

BlackBerry (BB) has been issued 5 new patents by the USPTO and EPO.

YEAR-TO-DATE

BlackBerry decreases 4% in 2018

BlackBerry (TSX:BB), decreased 50.0c (or 3.6%) year-to-date (YTD) in 2018 to close at CAD13.54. Compared with the S&P/TSX 60 Index which has fallen 4.8% YTD, this is a relative price increase of 1.2%.

Highlights in today's Report:

SECTION 1 BULLISH SIGNALS

Fundamentals, Technicals, Oversold/Bullish/Support Signals, High Performance Indicator

SECTION 2 BEARISH SIGNALS

Fundamentals, Low Performance Indicator

SECTION 3 PRICE VOLUME DYNAMICS

Volatility, Moving Annual Return, Beta, Aggregate Volumes, Prices and Turnover Period

SECTION 4 RANKING

Global, Independent Ratings

SECTION 5 FINANCIALS

Financials Summary, Annual Report for the year ended February 28, 2017 (year-on-year comparisons with previous corresponding period)-

SECTION 6 PROFILE

Activities, Industry & Sector, Top Management, Issued Capital

SECTION 7 PATENTS

SECTION 8 STOCK BUZZ

SECTION 1 BLACKBERRY BULLISH SIGNALS

1.1 Fundamentals:

+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.8. Compared with the rest of the market the stock is undervalued.

+ The company is cash rich with Cash to Market Capitalisation at 11.2%.

1.2 Technicals:

+ The present value of CAD1,000 (PV1000) invested one year ago in BlackBerry is CAD1,104, for a capital gain of CAD104.

PV$10001-week1-month1-year
BB.TSX1,0237911,104
S&P/TSX 60 Index1,0131,003990

+ The present value of CAD1,000 (PV1000) invested twenty years ago in BlackBerry is CAD11,378, for a capital gain of CAD10,378.

+ 20 years Multiplier in CAD = 11.378x

+ Compound Annual Growth Rate (CAGR) in CAD = 12.9%

Present Value of USD1,000 invested 20 years ago:

+ The present value of USD1,000 (PV1000) invested twenty years ago in BlackBerry is $US12,837, for a capital gain of $US11,837.

+ 20 years ago CAD 1 equalled USD 0.6997

+ 20 years Multiplier in USD = 12.837x

+ Compound Annual Growth Rate (CAGR) in USD = 13.6%

Apr 20, 2018: CAD 1 equals USD 0.79

1.3 Oversold/Bullish/Support Signals:

+ The Stochastic indicator of 19.8 has pierced the oversold line of 20; this indicates the price is close to its 14-day low and is likely to revert to an uptrend.

1.4 High Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverCAD14.1 million (US$11.1 million)In Top 3%

SECTION 2 BLACKBERRY BEARISH SIGNALS

2.1 Fundamentals:

Overvaluation [compared with sector average]:

+ Price/Sales of 4.4 [2.7]. We estimate BlackBerry stock is trading at a current year Price/Sales of 2.3 and a forward year Price/Sales of 1.2.

+ Price to Book of 6.4 [3.5].

2.2 Low Performance Indicator:

DescriptionValueRank In Market
Price to Sales4.4In Bottom Quartile

SECTION 3 PRICE VOLUME DYNAMICS

3.1 Volatility:

+ BlackBerry is at a discount of 25.3% to its 12-month high of CAD18.14 on January 09. It is also at a premium of 27.0% to the 12-month low of CAD10.66 on August 21, 2017.

3.2 Moving Annual Return

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 3 of the last 5 years. An investment a year ago in BB would have produced a return of 10.4%.

BBClose (CAD)Annual Return %
Apr 2013.5410.4
1 Yr ago12.2637.3
2 Yrs ago8.93(26.2)
3 Yrs ago12.153.7
4 Yrs ago7.87(44.5)

Close 5 years ago CAD14.19

3.3 Beta:

+ Beta: the Beta of BlackBerry stock is 2.1. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.

3.4 Aggregate Volumes, Prices and Turnover Period:

[Volume Index or VI in brackets; 1 is average]

+ New York: BB.NYSE 2,656,000 [VI of 0.4] volume 71.87% of aggregate. Price: $US10.60.

+ Toronto: BB.TSX 1,039,625 [VI of 0.4] volume 28.13% of aggregate. Price: CAD13.54.

+ Aggregate volume: there were 3.7 million shares of BlackBerry worth CAD49.7 million traded today. The aggregate volume was 0.4 times average trading of 9.3 million shares.

The turnover rate in the 12 months to date was 103.9% (or a turnover period of 11 months). This average length of ownership of the stock at 0.5 times the average holding period of 1 year 11 months for stocks in the S&P/TSX 60 Index suggests a larger number of speculators on the share register, making it less safe for long-term investors.

SECTION 4 RANKING

4.1 Global Rank [out of 47,667 stocks] and Rank in the American Region [out of 11,949 stocks]

DescriptionValueGlobal RankIn Am Region
MCap (US$)5.7B2,468945
Total Assets (US$)3.3B5,2911,946
Revenue (US$)1.3B5,7921,954
Net Profit (US$)(1.2B)42,1219,892
Price to Book6.930,4875,259
PV$1000 (1Year) US$*1,16715,0383,383
US$* Change (1Year) %63.74,8531,080

* 1 year ago CAD 1 = USD 0.74

Apr 20, 2018: CAD 1 equals USD 0.79

4.2 Independent Ratings

+ BSS/News Bites:

BlackBerry is placed 623/2004 in BSS News Bites' ranking of Canadian performers in the past year, a percentile ranking of 69.

+ Vanguard Total World Stock ETF 7517:

The stock was one of 7517 global stocks selected by Vanguard Total World Stock ETF (VT) who bought 4,266 shares in the period Nov 30, 2017 to Jan 31, 2018 worth $US71,447 at an estimated Volume Weighted Average Price (VWAP) of $US16.748. As at Jan 31, 2018, the Vanguard Total World Stock ETF held 151,138 shares worth $US2,054,137 or 0.01% by value of the ETF's portfolio [Ranked 1273 out of 7517 by value and 53 out of 204 for Canada].

SECTION 5 BLACKBERRY FINANCIALS

5.1 Financials Summary

Year endedFeb 2017Feb 2016Feb 2015
Sales (USD B)1.32.23.3
Pretax (USD)(1.2B)(282M)(385M)
Net (USD)(1.2B)(208M)(304M)
EPS (USD)(2.3)(0.4)(0.58)

Net profit deteriorated from -US$208 million in 2016 to -US$1.2 billion in 2017. Earnings Per Share (EPS) deteriorated from -40.0c to -$US2.30.

5.2 Annual Report for the year ended February 28, 2017 (year-on-year comparisons with previous corresponding period)-

Favourable Changes:

+ Cost of Goods Sold to Sales down from 56.4% to 52.9%.

+ Debt to Equity down 27.5% from 0.4 to 0.3.

+ Total non-current assets to Total Assets up from 45.6% to 48.2%.

+ Long-term investments to Total Assets up from 3.6% to 8.2%.

Unfavourable Changes:

+ Operating Cash Flow is negative.

+ Administration expenses to Sales up from 30.2% to 42.2%.

+ Current ratio down 3.8% from 2.9 to 2.8.

+ Working capital to total assets down from 35.6% to 33.3%.

+ Total current assets to Total Assets down from 54.4% to 51.8%.

+ Net tangible assets per share down 34.7% from $US2.62 to $US1.71.

Note:

+ Total revenue to total assets steady at 0.4.

+ Amortisation to Sales up from 12.8% to 14.2%.

+ Total liabilities to Total assets steady at 0.4.

+ Intangibles to Total Assets up from 33.1% to 35.6%.

+ Short-term investments to Total Assets down from 25.7% to 19.7%.

SECTION 6 BLACKBERRY PROFILE

6.1 Activities

BlackBerry Ltd is a designer, manufacturer and marketer of wireless solutions for the mobile communications market.

6.2 Industry & Sector

Classification LevelName of Sector
Economic SectorIndustrials
Business SectorIndustrial Goods
Industry GroupAerospace & Defense
IndustryAerospace & Defense
ActivityCommunication & Satellite Equipment

6.3 Top Management

The chief executive officer is John Chen and the chief financial officer is Steven Capelli.

6.4 Issued Capital

Based on 536,307,360 issued shares the market capitalisation is CAD7.3 billion (US$5.7 billion).

SECTION 7 BLACKBERRY PATENTS

Issued April 17, 2018

Handheld electronic device with text disambiguation [9,946,360]

A handheld electronic device enabled with disambiguation software. The device provides output in the form of a default output and a number of variants. The output is based largely upon the frequency, i.e., the likelihood that a user intended a particular output, but various features of the device provide additional variants that are not based solely on frequency and rather are provided by various logic structures resident on the device. The device enables editing during text entry and also provides a learning function that allows the disambiguation function to adapt to provide a customized experience for the user. The disambiguation function can be selectively disabled and an alternate keystroke interpretation system provided. Additionally, the device can facilitate the selection of variants by displaying a graphic of a special < NEXT> key of the keypad that enables a user to progressively select variants generally without changing the position of the user's hands on the device.

System and method for secure synchronization of data across multiple computing devices [9,948,677]

A computer implemented method and apparatus comprises detecting a file content update on a first client computer system, the file to be synchronized on a plurality of different types of client computer systems in a plurality of formats. The method further comprises associating a security policy with the file, wherein the security policy includes restrictions to limit one or more actions that can be performed with the file, and synchronizing the file to a second client computing system while applying the security policy to provide controls for enforcement of the restrictions at the second client computer system.

Tunable microwave devices with auto-adjusting matching circuit [9,948,270]

An embodiment of the present disclosure provides a circuit including an antenna having a tunable component. The tunable component can be operable to receive a variable signal to cause the tunable component to change a reactance of the antenna. The tunable component can include a first conductor coupled to the antenna, a second conductor, and a tunable material positioned between the first conductor and the second conductor, where at least one of the first conductor or the second conductor, or both are adapted to receive the variable signal to cause the change in the reactance of the antenna. Additional embodiments are disclosed.

Methods and apparatus for enabling further L1 enhancements in LTE heterogeneous networks [9,949,289]

A network element in a first cell in a wireless telecommunication network is provided. The network element comprises a processor configured such that the network element provides uplink and downlink grants in the first cell, wherein the first cell is a low-power cell within the coverage area of a second, high-power cell, and wherein the first cell acts as a secondary cell and the second cell acts as a primary cell in a carrier aggregation mode, and wherein at least one uplink control signal is received by one of only the first cell or both the first cell and the second cell.

Methods and apparatus for peer-to-peer communications in a wireless local area network [9,949,305]

A method and device for peer-to-peer communications is provided. The method includes communication of the capabilities of a device to another device or network component. A peer to peer communication is established based on at least one of the capabilities of the device. The method may also include utilizing a control point or access point in conveying the capabilities of the device to another device.

To view more details on these Patents, click here

SECTION 8 STOCK BUZZ

Corporate Wire

To view Recent Company Headlines, click here

April 03: BlackBerry Announces Filing of Annual Report on Form 40-F

WATERLOO, Ontario, April 03, 2018 -- BlackBerry Limited (NYSE:BB) (TSX:BB), an enterprise software and services company focused on securing and managing IoT endpoints, announced today that it has filed its 2018 annual report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC"). BlackBerry's Form 40-F includes the company's 2018 annual information form ("AIF") and the management discussion and analysis ("MD&A") and audited financial statements of the company for the fiscal year ended February 28, 2018.

March 28: BlackBerry Reports Record Software and Services Revenue in Fourth Quarter and Fiscal Year 2018

WATERLOO, Ontario, March 28, 2018 -- BlackBerry Limited (NYSE:BB) (TSX:BB), an enterprise software and services company focused on securing and managing IoT endpoints, today reported financial results for the three months and twelve months ended February 28, 2018 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

March 22: BlackBerry and Jaguar Land Rover Sign Collaborative Supply Agreement

WATERLOO, Ontario and WHITLEY, United Kingdom, March 22, 2018 -- BlackBerry Limited (NYSE:BB) (TSX:BB) and Jaguar Land Rover announced today that the companies have entered into a multi-year agreement to collaborate and develop technology for the automotive manufacturer's next-generation vehicles.

March 19: BlackBerry Furthers its Leadership in Securing the Enterprise of Things

WATERLOO, Ontario, March 19, 2018 -- BlackBerry Limited (NYSE:BB) (TSX:BB) today announced it is furthering its leadership in securing the Enterprise of Things (EoT) with a wide-range of new software capabilities aimed at making it easier for users, IT managers, and developers to do more, securely.

Companies choose BlackBerry to connect and secure their endpoints, which are both physical (e.g., smartphones, tablets, wearables) and digital (e.g., messaging, files, voice, text), as well as aid them in the development of smart systems.

March 19: BlackBerry and Microsoft Partner to Empower the Mobile Workforce

WATERLOO, Ontario and REDMOND, Wash., March 19, 2018 -- BlackBerry Limited (NYSE:BB) (TSX:BB) and Microsoft Corp. (NASDAQ:MSFT) today announced a strategic partnership to offer enterprises a solution that integrates BlackBerry's expertise in mobility and security with Microsoft's unmatched cloud and productivity products.

Contact: (519) 888-7465

Physical Address: 295 Phillip Street, Waterloo, ON, CA, N2L 3W8

State/Province/Country: Canada

Country of Incorporation: Canada

Exchange: Toronto Stock Exchange

ISIN: CA09228F1036

T:BB; TSE:BB; N:BB; CN:BB; BB.TO

PermID: 4295861766

RIC: BB.TO

CIK: BlackBerry Limited (formerly Research In Motion Limited)

Blackberry Limited, Blackberry Ltd

Source: www.BuySellSignals.com