BNET Industries
Market Cap:$39.2M
Last Fiscal Year Sales:$23.4M
- Public
- CA
Dow Jones Description
Northern Financial Corporation (TSX: NFC), one of the few publicly owned brokerage firms in Canada, wholly owns Northern Securities Inc., a full service brokerage firm that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies. Historically, small cap companies have had a difficult time raising money and getting attention in the market - we have taken the lead in initiating change. Northern offers growing small cap companies the same high quality investment banking services currently enjoyed by large cap companies.
Chairman, President & Chief Executive Officer
Vic AlboiniNumber of Employees 116
Peer Companies
NAICS Code Portfolio Management: 523920
Recent Events
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Northern Financial loses $126,972 in Q2 2010
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Northern Financial loses $614,580 in Q1
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Northern Financial tries out proxy solicitations
News & Analysis
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northern financial corp. - All News and Analysis
High Desert Gold Board Unanimously Recommends Shareholders REJECT Northern's Unsolicited Offer
- 2008-11-14
The board of directors (the "Board") of High Desert Gold Corporation ("HDG" or the "Company")(TSX: HDG)(TSX: HDG.WT), acting on the unanimous recommendation of its special committee (the "Special Committee"), has: - unanimously determined that the unsolicited offer from Northern Financial Corporation ("Northern") is NOT fair from a financial point...
RETRANSMISSION: High Desert Gold Corporation Provides Update on Unsolicited Take-Over Bid and Special Committee Process
- 2008-11-03
On October 31, 2008, High Desert Gold Corporation ("HDG" or the "Company") (TSX: HDG)(TSX: HDG.WT) provided an update on the unsolicited take-over bid by Northern Financial Corporation ("Northern") to purchase all of the issued and outstanding common shares of HDG at a price of Cdn$0.19 per share. The Company confirmed...
High Desert Gold Corporation Provides Update on Unsolicited Take-Over Bid and Special Committee Process
- 2008-10-31
High Desert Gold Corporation ("HDG" or the "Company") (TSX: HDG) (TSX: HDG.WT) today provided an update on the unsolicited take-over bid by Northern Financial Corporation ("Northern") to purchase all of the issued and outstanding common shares of HDG at a price of Cdn$0.19 per share. The Company confirmed that Northern...
Northern Sells Interest in Lakeside Steel to Jaguar Financial Inc.
- 2007-12-05
Northern Financial Corporation (TSX: NFC) ("Northern" or the "Company") today reported that Northern has sold its equity interest in Lakeside Steel Corporation ("Lakeside") to Jaguar Financial Inc. (TSX: JFI). The sale was completed prior to completion of Added Capital Corp's ("Added") qualifying transaction with Lakeside, whereby Added acquired all of...
Northern Sells Interest in Lakeside Steel to Jaguar Financial Inc.
- 2007-12-05
TORONTO, ONTARIO, Dec 5, 2007 Marketwire via COMTEX -- Northern Financial Corporation (TSX:NFC) ("Northern" or the "Company") today reported that Northern has sold its equity interest in Lakeside Steel Corporation ("Lakeside") to Jaguar Financial Inc. (TSX:JFI). The sale was completed prior to completion of Added...
Northern Financial Reports Second Quarter of Fiscal 2008 Results
- 2007-10-29
Northern Financial Corporation (TSX: NFC) ("Northern" or the "Company") today reported results for its second quarter and six month period ended September 30, 2007 of its 2008 fiscal year. Net income for the second quarter was $1,150,814 or $0.12 per share compared with a restated net loss of $2,652,996 or...
Northern Financial Reports Second Quarter of Fiscal 2008 Results.(Financial report)
- 2007-10-29
TORONTO, ONTARIO, Oct 29, 2007 Marketwire via COMTEX -- Northern Financial Corporation (TSX:NFC) ("Northern" or the "Company") today reported results for its second quarter and six month period ended September 30, 2007 of its 2008 fiscal year. Net income for the second quarter was $1,150,814 or...
Northern Financial Corporation: Purchase of Additional Shares of Northern
- 2007-09-12
Vic Alboini (the "Offeror") announced his purchase of 26,866 common shares ("Common Shares") of Northern Financial Corporation (TSX: NFC) ("Northern" or the "Company") on September 11, 2007. The Common Shares acquired, together with the Common Shares of Northern owned or controlled by the Offeror prior to the transaction, resulted...
Northern Financial Corporation: Purchase of Additional Shares of Northern.
- 2007-09-11
TORONTO, ONTARIO, Sep 11, 2007 CCNMatthews via COMTEX -- Vic Alboini (the "Offeror") announced his purchase of 26,866 common shares ("Common Shares") of Northern Financial Corporation (TSX:NFC) ("Northern" or the "Company") on September 11, 2007. The Common Shares acquired, together with the Common...
Northern Financial Reports First Quarter of Fiscal 2008 Results
- 2007-08-07
Northern Financial Corporation (TSX: NFC) ("Northern" or the "Company") today reported results for its first quarter ended June 30, 2007 of its 2008 fiscal year. Net income for the quarter was $503,879 or $0.05 per share compared with a net loss of $2,461,024 or $0.29 per share in the prior...
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Vic Alboini | Chairman, President & Chief Executive Officer |
| R. Ian Bradley | Board of Directors |
| Wesley Roitman | Board of Directors |
| William Grant | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Northern Financial Corporation | Chairman, President & Chief Executive Officer | Current |
| Northern Securities Inc | Chairman, President & Chief Executive Officer | Current |
| Northern Financial Corporation | Chief Executive Officer | Former |
| Loewen | Managing Director, Mergers & Acquisitions | Former |
| Northern Financial Corporation | Chairman | Former |
| York University | Masters of Law (Corporate Finance) | Former |
| University of Toronto | Bachelor of Law | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Financial Corporation | Board of Directors | Current |
The extensive actuarial and risk management experience that Wes has gained greatly enhances Romspen's underwriting and reporting skills. Also, Wes meets with all mortgage applicants and monitors their application until underwriting is completed.
| Organization | Position | Status |
|---|---|---|
| Romspen Management Ltd | Chief Financial Officer | Current |
| Romspen Management Ltd | Partner | Current |
| Northern Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Financial Corporation | Board of Directors | Current |
Executive News
-
Northern Financial tries out proxy solicitations
| Volume | 0 |
| Shares Outstanding | 2.5M |
| Market Cap | 39.2M |
| Year High | 15.85 |
| Year Low | 10.95 |
| Earnings Per Share | 0.93 |
| P/E Ratio | 16.3387 |
| Dividend | 0.768 |
| Yield | 5.0543 |
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Glass Door
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