HALIFAX, Oct. 17, 2019 /PRNewswire/ - DHX Media Ltd. (dba WildBrain) ("WildBrain" or the "Company") (TSX: DHX, NASDAQ: DHXM) today announced that Michael Donovan has resigned from the Company's Board of Directors. Don Wright, Chair of the Board of Directors, said: "On behalf of the Board, I would like to thank Michael for his many years of leadership and vision as a founder, director and officer of the Company.
DHX Media Ltd. (DHXM) delivered earnings and revenue surprises of 25.00% and 9.32%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
DHX Media (dba WildBrain) shareholders approve name change to "WildBrain Ltd." and election of directors at annual and special meeting
HALIFAX , Dec. 5, 2019 /CNW/ - DHX Media (dba WildBrain) ("WildBrain" or the "Company") (TSX: DHX, NASDAQ: DHXM), a global kids' and family content and brands company, today announced that it has notified the NASDAQ Stock Market LLC ("NASDAQ") of its intention to voluntarily delist its common voting shares and variable voting shares (collectively, the "Shares") from NASDAQ. WildBrain's Shares will continue to trade on the Toronto Stock Exchange ("TSX").
HALIFAX , Oct. 9, 2019 /CNW/ - DHX Media Ltd. (dba WildBrain) ("WildBrain" or the "Company") (TSX: DHX, NASDAQ: DHXM) today announced that it is offering rights (the "Rights Offering") to eligible holders of its common voting shares ("Common Voting Shares") and variable voting shares ("Variable Voting Shares" and, together with the Common Voting Shares, "Voting Shares") of record at the close of business on October 18, 2019 (the "Record Date").
HALIFAX , Nov. 22, 2019 /CNW/ - DHX Media Ltd. (dba WildBrain) ("WildBrain" or the "Company") (TSX: DHX, NASDAQ: DHXM) announced the successful completion today of its previously announced rights offering (the "Rights Offering"), which expired at 5:00 p.m. ( Toronto time) on November 15, 2019 . WildBrain issued the full allotment of 35,928,144 voting shares of the Company ("Voting Shares") at a price of $1.67 per Voting Share for gross proceeds of $60.0 million .
$7.6 million was paid down on the term loan in Q1 2020 from excess cash flow. WildBrain Spark1 views grew 66% to over 12 billion in Q1 2020; revenue rose 37% to $22.1 million vs $16.2 million in Q1 2019. Post quarter-end, we announced a $60.0 million rights offering, of which $50.0 million will be used to reduce the term loan and the remaining balance for working capital.
[Editor's note: "The 7 Best Penny Stocks to Buy" was previously published in July 2019. It has since been updated to include the most relevant information available.]Penny stocks are often dangerous stocks to buy for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven't reached, and may never reach, their potential.But there are good penny stocks to buy. During the financial crisis, several stocks hit penny stock status and then rebounded tremendously. Pier 1 Imports (NYSE:PIR) went from 13 cents to over $20 before a long decline the past few years. Dollar Thrifty Automotive bottomed at 60 cents, and sold itself in 2013 to Hertz (NYSE:HTZ) for $87.50 a share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Those penny stocks to buy are more difficult to find in a market near all-time highs, but they're still out there. Here are seven penny stocks to buy that could provide solid returns for investors going forward. Chesapeake Energy (CHK)I've had an on-again, off-again attraction to Chesapeake Energy (NYSE:CHK) over the past couple of years.Source: Shutterstock Chesapeake is still trying to recover from the oil and gas bust that left it with nearly $10 billion in debt and much lower revenues. Progress has been choppy, both for the business and the stock. CHK stock is now trading at $1.55, down 29% this year alone.Investors need to understand the risks here. The debt is a concern, particularly if oil and/or gas prices start falling again. Earnings reports have picked up recently, with CHK beating or meeting earnings consensus in the past eleven quarters.Further, a continuation of oil's move higher should disproportionately benefit CHK stock relative to a major like Exxon Mobil (NYSE:XOM). In short, CHK now looks like a classic penny stock with high risk and high reward, even if long-term shareholders certainly would prefer that it wasn't. Castle Brands (ROX)To be honest, I'm not completely sold on Castle Brands (NYSEAMERICAN:ROX) at its current price of $1.26.Source: Shutterstock And with ROX stock up just about even over the past year, it certainly seems like the market has determined the stock was trading at a fair value. That said, there's still some good news here, and it's still an interesting play on U.S. spirits.Castle's Gosling brand creates both dark rum and ginger beer, which make the increasingly popular "Dark 'N' Stormy" drink. The Jefferson bourbon brand continues to grow nicely, with Castle's whiskey portfolio (which includes smaller Irish offerings) growing revenue 20% in fiscal 2018. * 7 Tech Industry Dividend Stocks for Growth and Income Profits still are slim, but margins are increasing as revenue continues to grow. Management is well-incentivized to continue that growth. And the clear end game here is a sale to a larger spirits company like Diageo (NYSE:DEO) or Constellation Brands (NYSE:STZ, NYSE:STZ.B).If ROX stays on its current trend, it should be able to eventually jump-start a rally. Sportsman's Warehouse (SPWH)Sportsman's Warehouse (NASDAQ:SPWH) makes this list even though its current price of $4.08 is just below the $5 penny stock cutoff limit. But SPWH does look like a nice value here.Source: M01229 via FlickrSPWH briefly shook off the penny stock moniker when it topped out at $6.36 briefly in February before falling to its current levels. And yet, SPWH trades at just 7.5X next year's consensus EPS.There's a lot to like here, particularly for investors bullish on brick-and-mortar retailers. If those investors like low-handle stocks, all the better. Limelight Networks (LLNW)Limelight Networks (NASDAQ:LLNW) has executed a nice turnaround of late, and LLNW stock has responded in kind.Source: Shutterstock The internet content delivery provider is a small fish compared to industry leader Akamai Technologies (NASDAQ:AKAM), but it's making progress. Revenue is expected to rise 1% this year and 12% the next, with earnings growing at a long-term rate of 15%.LLNW stock looks rather expensive on a P/E basis, but margins are thin and EV/EBITDA multiples are favorable. With a recent surge to $2.46, a continuation of the recent trend should drive upside in the stock. * 10 Companies Using AI to Grow With Akamai rebounding amid easing of some industry-wide concerns -- notably customers like Netflix (NASDAQ:NFLX) and Facebook (NASDAQ:FB) choosing DIY options -- Limelight is positioned to keep double-digit revenue growth intact. That will boost margins and profits -- and likely get LLNW stock out of the penny stock category altogether. Plug Power (PLUG)Clean energy historically has been a graveyard for investor capital, and hydrogen vehicle developer Plug Power (NASDAQ:PLUG) hasn't been any different.Source: Shutterstock The stock trades well below peaks from last decade, and is down about 60% from early 2014 levels as well. This year alone, however, it's up more than 60%So PLUG stock's bull case is a classic "this time is different" argument, which is always tenuous. But there is some good news here.Plug Power has signed deals with Walmart (NYSE:WMT) in 2014 and with Amazon.com (NASDAQ:AMZN) in 2017. What's more, it joined forces with FedEx (NYSE:FDX) in May 2017.The company remains unprofitable, but cash burn is slowing, and the company is guiding for profits in the second half (albeit with a ton of adjustments; GAAP earnings remain a long way off). Revenue is growing quickly, with gross revenue growth of nearly 40% expected this year.PLUG has pivoted toward industrial applications, and there is some promise there. Investors in PLUG stock will have to be patient, have to tolerate volatility and have to accept risk. But if Plug Power finally can gain some traction, the current share price around $2.17 could move much higher. DHX Media (DHXM)DHX Media (NASDAQ:DHXM) has had an ugly one-year period as a stock, down 34%.Source: FlickrDebt continues to be a problem for DHX Media, with a debt-equity ratio of 115%! But at $1.22, with a market cap around $365 million, there is some reason for optimism.First, DHX added the Peanuts intellectual property to its portfolio in a deal with Iconix Brand Group (NASDAQ:ICON).That adds to the existing portfolio of Teletubbies, Inspector Gadget, Yo Gabba Gabba! and YouTube content provider WildBrain. DHX then sold 39% of Peanuts to Sony (NYSE:SNE), allowing it to reduce debt while bringing a high-quality partner on board. * 7 "Boring" Stocks With Exciting Prospects The company also undertook a strategic review, as DHX looked to further drive cost savings and reduce debt. And in a cord-cutting world where content may become increasingly valuable, the company should have some options.This is a high-risk play, as the long decline in its chart shows. ICON has dropped over 99% in the past five years due to too much debt and too weak a portfolio. But DHX should be able to avoid that fate . and potentially drive nice gains in DHXM stock. Denison Mines (DNN)I'm not a fan of mining stocks, as I've written in the past. But if investors want to take a stab at the sector, then small, developing miners traditionally offer the best chances for big gains. And Denison Mines (NYSEAMERICAN:DNN) fits that bill.Denison's properties are located in the Athabasca Basin, in northern Canada (Alberta and Saskatchewan). It's targeting uranium resources at its properties -- and uranium prices are starting to tick up.The closure of a mine by giant Cameco Corp (NYSE:CCJ) presents a near-term catalyst to those prices -- and the discounted fair value of Denison's mines.Obviously, there is a ton of risk here. Denison is unprofitable, and likely will need to raise more capital down the line. But DNN actually could provide what mining stocks are supposed to: leverage to the price of uranium.With fundamentals perhaps supporting some upside in the metal, DNN could follow.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post The 7 Best Penny Stocks to Buy appeared first on InvestorPlace.
DHX Media (dba WildBrain) Announces Resignation of Board Member
DHX Media Ltd. (dba WildBrain) Announces Insider Participation in Recently Completed Rights Offering
DHX Media Reports Q4 and Full Year Fiscal 2019 Results and Announces Name Change to "WildBrain"
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
DHX Media Ltd. (DHXM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HALIFAX, NS , Sept. 9, 2019 /PRNewswire/ - DHX Media (or the "Company") (TSX: DHX, NASDAQ: DHXM) will report its Q4 and full-year Fiscal 2019 results before markets open on September 23, 2019 ...
As of late, it has definitely been a great time to be an investor in DHX Media Ltd. (DHXM).
HALIFAX , Oct. 23, 2019 /CNW/ - DHX Media Ltd. (dba WildBrain) ("WildBrain" or the "Company") (TSX: DHX, NASDAQ: DHXM) will report its Q1 Fiscal 2020 results before markets open on November 6, 2019 and hold a conference call at 8:00 a.m. ET that day to discuss the results. The audio and transcript will also be archived on the Company's website beginning approximately two days following the event. At WildBrain we make great content for kids and families.
Snoopy, the Longest-Running Character Balloon in the Macy's Parade, soared for his 40th flight down the Streets of Manhattan and his Second time as Astronaut Snoopy (he First Wore a Space Suit for the 1969 Parade).
DHX Media Ltd. (dba WildBrain) Issues Rights to Eligible Shareholders