FinDynamics is actively working to promote the advantages of using XBRL for the benefit of Canadian Capital Markets.
Ilya Vadeiko, the President of FinDynamics Inc., will be giving a seminar at CPA Canada in Toronto focused on how XBRL can help Small Cap Canadian companies and value investors find each other. More information can be found on the website of XBRL Canada http://xbrl.ca/
It is a known fact that the Institutional analysts are not interested in covering young Canadian companies that fall under the category of Small Cap, i.e. having little to no revenue yet. This is oftentimes the reason why those companies are undervalued and present a great investment opportunity for retail investors. That is also the reason why the companies themselves struggle to raise capital in Canadian Capital Markets.
However, to unearth such great investment opportunities the analysts and retail investors need to spend a tremendous amount of time on collecting financial information of small cap companies in order to perform a peer group comparison and do valuation. XBRL presents the perfect affordable solution for that problem.
At the seminar, we will describe how the small cap companies and stock exchanges can leverage XBRL to provide analysts and investors with easy access to the financial data. We will also demonstrate how the analysts can automate the data collection and analysis process with XBRL.
1) Introduction to XBRL
2) Cost effective solution to providing key financial metrics in XBRL format
3) Performing Peer Group analysis and valuation of Small Cap Companies with XBRL platform
4) Transforming Investor Relations (IR) communications with XBRL for attracting capital to Small Cap Companies
5) Demonstration of financial and industry analysis using XBRLAnalyst by FinDynamics, Inc.
The details are provided in a number of press-releases: