Aberdeen International Inc. - AABVF stock
OTC Symbol: AABVF | OTC Tier: Pink Current | Related ticker symbols: TSX:AAB
About[edit]
Description[edit]
Aberdeen International Inc (TSX: AAB, OTC: AABVF) is a resource investment and merchant banking company that focuses on small capitalization companies in the rare metals and renewable energy sectors. The company's investment strategy is to acquire equity participation in pre-IPO and early-stage public resource companies with undeveloped or undervalued resources and assets. It also looks for companies in need of managerial, technical, and financial resources, undervalued companies in foreign capital markets, and companies operating in jurisdictions with low to moderate local political risk.[1]
Background[edit]
Aberdeen International Inc was incorporated in 1987 and was formerly known as International Catalyst Ventures Inc. The company changed its name to Aberdeen International Inc in November 2001. The company is headquartered in Toronto, Canada.[1]
Strategy[edit]
Aberdeen International Inc's primary strategy is to acquire and develop interests in resource companies with potentially high growth prospects. The company's investment portfolio includes positions in various resource sectors such as precious metals, base metals, oil and gas, and alternative energy.[2]
Investments[edit]
Approach[edit]
The company's investment approach is based on a combination of strategic acquisitions, development, and active management. Aberdeen International Inc seeks to add value to its portfolio companies through active involvement in their operations and strategic planning.[3]
Aberdeen website shows cleans energy activities in three areas: Hydrogen, Ammonia, and Battery Metals. They tout investment in a technology process that more efficiently produces hydrogen from natural gas. Their ammonia activity is an investment in an unnamed Canadian company that makes green ammonia.[4]
In addition to its resource-focused investments, Aberdeen International Inc also has a technology investment portfolio that includes companies operating in the blockchain, artificial intelligence, and cybersecurity sectors.[3]
Holdings[edit]
As of October 31, 2022, the company had investments valued at $35,337,550 in 16 publicly traded companies and 12 privately held investments. AABVF's largest public investment is 2,978,286 common shares of EV Techonogy Group Ltd., valued at $1,638,057, and comprising 39.3% of $4,172,488 in total public company investments. The largest private holding is 25,000,000 common shares of Progressus Clean Technologies Inc. valued at $16,497,918, representing 52.9% of $31,165,062 in total private investments.[5]
As of January 31, 2022, the company had investments valued at $39,398,978 in fourteen publicly traded companies and fourteen privately held investments. AABVF's largest public investment is 24,101,803 common shares of Medivolve Inc. (OTC: COPRF), valued at $3,053,698, and comprising 34.9% of $8,739,574 in total public company investments. The largest private holding is 25,000,000 common shares of Progressus Clean Technologies Inc. valued at $16,497,918, representing 53.8% of $30,659,404 in total private investments.[5]
Recent Transactions[edit]
On January 9, 2023, is was announced that Aberdeen International Inc had completed the sale of its shares of Progressus Clean Technologies Inc to AmmPower Corp. in exchange for 41,254,125 common shares of AmmPower at a price of C$0.30 per AmmPower share, for a total value of C$12,376,238. The CEO of Aberdeen International Inc, Stan Bharti, stated in the news release that the sale of shares of Progressus Clean Technologies Inc is a significant milestone for the company as it unlocks shareholder value and allows the company to focus on its core investment strategy. He further stated that the company remains committed to investing in companies that have the potential to disrupt their respective industries and generate sustainable growth for the company and its shareholders.[6]
Leadership[edit]
Board of Directors[edit]
The Board of Directors of Aberdeen International Inc includes six members, each of whom brings a unique set of skills and expertise to the company. The leadership team brings a wealth of experience in finance, resource development, and corporate management to the company. The team is committed to maximizing shareholder value and achieving sustainable growth for the company. The current members of the Board are:[7]
- Stan Bharti (Chairman and CEO)
- Ryan Ptolemy (President)
- George Faught (Director)
- David Stein (Director)
- Patrick Gleeson (Director)
- Chantal Gosselin (Director)
Executive Management[edit]
The executive management team of Aberdeen International Inc includes the following individuals:[7]
- Stan Bharti (Chairman and CEO)
- Ryan Ptolemy (President)
- Amanda Chow (Chief Financial Officer)
- Kevin Ma (Vice President, Corporate Development)
- Alvin Anthony (Vice President, Legal and Corporate Secretary)
Governance[edit]
Aberdeen International Inc is committed to maintaining strong corporate governance practices. The company's governance framework is designed to promote transparency, accountability, and ethical behavior. The company's governance practices include regular Board meetings, the adoption of a Code of Business Conduct and Ethics, and the appointment of an independent auditor to oversee financial reporting. Additionally, the company maintains an Investor Relations program to keep shareholders informed about the company's activities and performance.[7]
Financial Performance[edit]
For the twelve month period ending January 31, 2022, AABVF reported net income of $0.9 million ($0.02 per share) vs. 2021 net income of $2.9 million ($0.03 per) share. Total revenue was $9.1 million vs. $5.7 million for the prior year.[8]
- ↑ 1.0 1.1 Yahoo Finance. AABVF Stock Profile. Accessed on 4/17/2023.
- ↑ Aberdeen International. Home. Accessed on 4/17/2023.
- ↑ 3.0 3.1 Aberdeen International. About Us. Accessed on 4/17/2023.
- ↑ Aberdeen International. Clean Energy. Accessed on 4/17/2023.
- ↑ 5.0 5.1 Aberdeen International. AABVF Investors. Accessed on 4/17/2023.
- ↑ GlobeNewswire. Aberdeen International Inc. (TSX: AAB, FR: A8H, OTC: AABVF) Unlocking Shareholder Value With Sale of Shares of Progressus Clean Technologies Inc. to AmmPower Corp. January 09, 2023.
- ↑ 7.0 7.1 7.2 Aberdeen International. Leadership and Governance. Accessed on 4/17/2023.
- ↑ Yahoo Finance. AABVF Stock Financials. Accessed on 4/17/2023.
