Following are many common acronyms found in discussion on CEO.ca
A more extensive glossary can be found here falconstocks.com/information/investingglossary.htm
AGM Annual General Meeting
AISC All in sustaining cost (mining)
ATH All time high (share price)
ATL All time low (share price)
BO Buy Out
BV Book Value - refers to the total amount a company would be worth if it liquidated its assets and paid back all its liabilities.
CCAA Companies' Creditors Arrangement Act
Allows insolvent corporations owing their creditors in excess of $5 million to restructure their business and financial affairs.
CF Credit Facility, Cash Flow
COGS Cost of Goods Sold
DA Definitive Agreement
DD Due Diligence
EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization
EBITDA is essentially net income (or earnings) with interest, taxes, depreciation, and amortization added back. EBITDA can be used to analyze and compare profitability among companies and industries, as it eliminates the effects of financing and capital expenditures.
EOD End of day
EOW End of week
EPS earnings per share - profit divided by the outstanding shares of its common stock
ER Earnings Report
EV Enterprise Value
Enterprise value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.
FA Financial Advisor
FCF Free Cash Flow
Fins, FS Financial Statements
Float Shares currently available on the market
Free Float = Oustanding Shares - Restricted Shares - Closely Held Shares
Where:
- Outstanding shares refer to the total number of shares issued
- Restricted shares refer to shares that are not transferable until certain conditions are met. Restricted shares are generally held by corporate management, such as executives and directors.
- Closely-held shares refer to shares that are typically held onto for a very long-term basis. Examples include major long-term shareholders and insiders.
FOMO Fear of Missing Out
FUD Fear, Uncertainty and Doubt - quenstioning and negative statements spread by those who want to influence sentiment
Fully Diluted
Fully diluted shares are the total number of common shares of a company that will be outstanding and available to trade on the open market after all possible sources of conversion, such as warrants, convertible bonds and employee stock options, are exercised.
G&A General and Administrative Expenses
IIROC Investment Industry Regulatory Organization of Canada. IIROC oversees all investment dealers and trading activity on debt and equity markets in Canada. www.iiroc.ca
- As of June 1, 2023, New SRO (New Self-Regulatory Organization of Canada) has officially changed its name to the Canadian Investment Regulatory Organization (CIRO). The name change is a result of the former Mutual Fund Dealers Association of Canada and Investment Industry Regulatory Organization of Canada amalgamating earlier this year. For more information, read our full press release.
IR Investor Relations - staff at a company who answer investor questions about the company and the sector
JV Joint Venture
KPI Key performance indicators
L2 Level 2: A listing or graphical presentation of the number of shares buyers are willing to buy (Bids) and sellers are willing to sell (Asks) at various price levels, also called a Depth Chart. Strong bids near the current price are considered bullish support for the stock as many are willing to buy. Weak bids indicates a lack of interest or bearish sentiment. Large asks could indicate a bearish sentiment, or simply traders taking advantage of a stock trading in a narrow channel. A small number of asks or offers to sell indicates a bullish sentiment as fewer want to sell at that price.
LC, LOC Letter of Credit a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.
LOC Line of Credit
LC, L/C Letter of Credit
LOI Letter of Intent
LoU Letter of Undertaking, see LC
MC, MCap Market Capitalization (# of shares x price per share)
MM Market Maker
MOMO Momentum
MOU Memorandum of Understanding
NR News Release
OpEX Operating Expenses
P&D Pump and Dump (Run the share price up and then sell large amounts of shares into the large volume of buying)
PP Private Placement - a sale of stocks, bonds, or securities directly to a private investor, rather than as part of a public offering.
pps Price per share
PR Public Relations, Press Release
PT Price Target
Revs Revenues
RS, RB Reverse split / roll back - also known as consolidation of shares is when a company reduces the number of shares. For example, a 5:1 rollback will result in a shareholder receiving 1 share for every 5 they previously held. As a result, the share price will be multiplied by 5, and depending on the strength of the company, may go up from there, or drift back down. Typical reasons for an RS are to have the ability to raise more capital at a higher share price, uplist to another exchange or tighten the share structure to attract new investors
RTO Reverse Take Over - when a private company buys a public company in order to shortcut the process of listing on an exchange
SEDAR System for Electronic Document Analysis and Retrieval
SEDI System for Electronic Disclosure by Insiders
SG&A Selling, general and administrative expense
Shares OS - Shares Outstanding - total number of shares issued (includes trading and non trading shares - see Float)
VWAP Volume weighted average price
For a more comprehensive glossary, see this page on the TMX website: Stock Market Terms
