Shareholder – Kat Masters http://katmasters.com/ Thu, 24 Nov 2022 02:31:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://katmasters.com/wp-content/uploads/2021/06/icon-2021-06-25T173039.237-150x150.png Shareholder – Kat Masters http://katmasters.com/ 32 32 Insider Sale: FTC Solar, Inc. (NASDAQ: FTCI) Major Stockholder Sells 60,000 Shares https://katmasters.com/insider-sale-ftc-solar-inc-nasdaq-ftci-major-stockholder-sells-60000-shares/ Wed, 23 Nov 2022 23:43:25 +0000 https://katmasters.com/insider-sale-ftc-solar-inc-nasdaq-ftci-major-stockholder-sells-60000-shares/ FTC Solar, Inc. (NASDAQ: FTCI – Get a rating) major shareholder Arc Family Trust sold 60,000 shares in a transaction on Monday, November 21. The shares were sold at an average price of $2.15, for a total transaction of $129,000.00. Following the completion of the sale, the insider now owns 16,361,357 shares of the company, […]]]>

FTC Solar, Inc. (NASDAQ: FTCIGet a rating) major shareholder Arc Family Trust sold 60,000 shares in a transaction on Monday, November 21. The shares were sold at an average price of $2.15, for a total transaction of $129,000.00. Following the completion of the sale, the insider now owns 16,361,357 shares of the company, valued at approximately $35,176,917.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Major shareholders who own at least 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

Arc Family Trust has also recently completed the following trade(s):

  • On Monday, November 14, Arc Family Trust sold 50,000 shares of FTC Solar. The shares were sold at an average price of $2.32, for a total transaction of $116,000.00.
  • On Monday, November 7, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $1.85, for a total transaction of $92,500.00.
  • On Wednesday November 2, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $1.89, for a total transaction of $94,500.00.
  • On Monday, October 31, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $2.05, for a total transaction of $102,500.00.
  • On Wednesday, October 26, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $2.09, for a total transaction of $104,500.00.
  • On Monday, October 24, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $1.90, for a total transaction of $95,000.00.
  • On Wednesday, October 19, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $2.14, for a total transaction of $107,000.00.
  • On Monday, October 17, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $2.39, for a total transaction of $119,500.00.
  • On Wednesday, October 12, Arc Family Trust sold 67,000 shares of FTC Solar. The stock was sold at an average price of $2.71, for a total transaction of $181,570.00.
  • On Monday, October 10, Arc Family Trust sold 50,000 shares of FTC Solar. The stock was sold at an average price of $2.72, for a total transaction of $136,000.00.

FTC Solar Stock Performance

Shares of FTC Solar Stock traded at $0.19 in the midday session on Wednesday, reaching $2.28. 1,309,674 shares of the company were traded, with an average volume of 1,209,213. The stock has a market capitalization of $235.49 million, a price-earnings ratio of -2.13 and a beta of 2. ,44. The company’s fifty-day moving average price is $2.62 and its 200-day moving average price is $3.69. FTC Solar, Inc. has a 12-month low of $1.78 and a 12-month high of $9.05.

Solar CTF (NASDAQ: FTCIGet a rating) last announced its quarterly results on Wednesday, November 9. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The company posted revenue of $16.57 million for the quarter, versus a consensus estimate of $17.28 million. FTC Solar had a negative net margin of 51.87% and a negative return on equity of 81.67%. Equity research analysts expect FTC Solar, Inc. to post -0.91 earnings per share for the current year.

A Wall Street analyst gives his opinion

A number of stock analysts have recently commented on FTCI shares. Credit Suisse Group lowered its price target on FTC Solar shares to $6.00 in a research report Wednesday, November 16. Northland Securities lowered its target price on FTC Solar shares to $4.00 in a Tuesday, November 15 report. Piper Sandler lowered its price target on FTC Solar shares to $2.50 in a Wednesday, Nov. 16, report. Finally, Raymond James lowered his price target on FTC Solar shares from $6.00 to $5.00 and set a “Strong Buy” rating on the stock in a Thursday, Nov. 10, report. One equity research analyst has assigned the stock a sell rating, one has assigned a hold rating, four has assigned a buy rating and one has assigned the stock a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “moderate buy” and an average target price of $5.95.

Institutional investors weigh in on FTC Solar

Several hedge funds have recently increased or reduced their stake in FTCI. Advisor Group Holdings Inc. increased its position in FTC Solar by 2,044.5% in Q1. Advisor Group Holdings Inc. now owns 28,114 shares of the company worth $139,000 after purchasing an additional 26,803 shares during the period. New York State Common Retirement Fund increased its position in FTC Solar by 210.6% in the 1st quarter. The New York State Common Retirement Fund now owns 19,658 shares of the company worth $97,000 after purchasing an additional 13,328 shares during the period. KBC Group NV acquired a new stake in FTC Solar during the 1st quarter for a value of approximately $328,000. Los Angeles Capital Management LLC acquired a new stake in FTC Solar during Q1 worth approximately $107,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in FTC Solar shares by 13.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 123,360 shares of the company worth $608,000 after purchasing an additional 14,629 shares during the period. 25.09% of the shares are currently held by institutional investors and hedge funds.

About FTC Solar

(Get a rating)

FTC Solar, Inc provides solar tracking systems, technology, software and engineering services in the United States, Vietnam and around the world. It offers dual-panel portrait single-axis tracking solutions under the Voyager brand. The company also provides SunPath, a software solution to improve energy production; Atlas, an enterprise web database that allows users to manage their project portfolio; and SunDAT, a software solution for automated design and optimization of solar panel systems at residential, commercial and large-scale sites.

Further reading

Insider buying and selling by quarter for FTC Solar (NASDAQ:FTCI)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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Ethos, shareholder of Credit Suisse, will reject Saudi National Bank’s investment in a $4 billion capital raise https://katmasters.com/ethos-shareholder-of-credit-suisse-will-reject-saudi-national-banks-investment-in-a-4-billion-capital-raise/ Mon, 21 Nov 2022 05:41:03 +0000 https://katmasters.com/ethos-shareholder-of-credit-suisse-will-reject-saudi-national-banks-investment-in-a-4-billion-capital-raise/ Newswires MT 2022 All the news from CREDIT SUISSE GROUP AG Analyst recommendations for CREDIT SUISSE GROUP AG 2022 sales 16,217M 17,052 million 17,052 million 2022 net income -3,916M -4,117M -4,117M Net debt 2022 – – – PER 2022 ratio -2.77x 2022 return 1.29% Capitalization 10,613 million 11,160m 11,160M […]]]>


Newswires MT 2022

All the news from CREDIT SUISSE GROUP AG

Analyst recommendations for CREDIT SUISSE GROUP AG

2022 sales 16,217M
17,052 million
17,052 million
2022 net income -3,916M
-4,117M
-4,117M
Net debt 2022

PER 2022 ratio -2.77x
2022 return 1.29%
Capitalization 10,613 million
11,160m
11,160M
capi. / Sales 2022 0.65x
capi. / Sales 2023 0.59x
# of employees 51,680
Floating 98.4%

Chart CREDIT SUISSE GROUP AG


Duration :

Period :




Credit Suisse Group AG Technical Analysis Chart |  MarketScreener

Trends in technical analysis CREDIT SUISSE GROUP AG

Short term Middle term Long term
Tendencies Bearish Bearish Bearish

Evolution of the income statement

Sale

To buy

Medium consensus HOLD
Number of analysts 16
Last closing price CHF4.06
Average target price CHF5.31
Average Spread / Target 30.9%


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Jindal Worldwide (NSE:JINDWORLD) Three-Year Total Shareholder Returns Exceed Underlying Earnings Growth https://katmasters.com/jindal-worldwide-nsejindworld-three-year-total-shareholder-returns-exceed-underlying-earnings-growth/ Thu, 17 Nov 2022 06:26:45 +0000 https://katmasters.com/jindal-worldwide-nsejindworld-three-year-total-shareholder-returns-exceed-underlying-earnings-growth/ For us, stock picking is largely the hunt for truly magnificent stock. You won’t be successful every time, but when you do, the returns can be truly splendid. One of these superstars is Jindal Worldwide Limited (NSE: JINDWORLD), which has seen its price soar by 435% in three years. Shareholders also appreciated the 50% gain […]]]>

For us, stock picking is largely the hunt for truly magnificent stock. You won’t be successful every time, but when you do, the returns can be truly splendid. One of these superstars is Jindal Worldwide Limited (NSE: JINDWORLD), which has seen its price soar by 435% in three years. Shareholders also appreciated the 50% gain over the past three months.

Although the stock has fallen 7.3% this week, it is worth focusing on the long term and seeing if historical stock returns have been driven by underlying fundamentals.

Check opportunities and risks within the IN Luxury industry.

It is undeniable that markets are sometimes efficient, but prices do not always reflect the underlying performance of companies. An imperfect but reasonable way to gauge changing sentiment around a company is to compare earnings per share (EPS) with the stock price.

In three years of share price growth, Jindal Worldwide has achieved compound earnings per share growth of 79% per year. We note that the (average) 75% annual gain in share price is not far off the rate of EPS growth. Chance? Probably not. This suggests that market sentiment around the company hasn’t changed much over this period. On the contrary, the share price may have reflected the growth in EPS.

You can see below how the EPS has evolved over time (find out the exact values ​​by clicking on the image).

NSEI: JINDWORLD Earnings Per Share Growth November 17, 2022

It’s probably worth noting that the CEO is paid less than the median at companies of a similar size. It’s always worth keeping an eye on CEO compensation, but a more important question is whether the company will grow its profits over the years. It might be interesting to take a look at our free Jindal Worldwide earnings, revenue and cash flow report.

A different perspective

We are pleased to report that Jindal Worldwide shareholders received a 98% year-on-year total shareholder return. And that includes the dividend. As the one-year TSR is better than the five-year TSR (the latter standing at 24% per year), it seems that the stock’s performance has improved lately. At best, this may hint at genuine trading momentum, implying that now could be a great time to dig deeper. While it’s worth considering the various impacts that market conditions can have on the stock price, there are other, even more important factors. For example, we found 2 warning signs for Jindal in the world which you should be aware of before investing here.

If you’d rather check out another company – one with potentially superior finances – then don’t miss this free list of companies that have proven that they can increase their profits.

Please note that the market returns quoted in this article reflect the average market-weighted returns of the stocks currently trading on the IN exchanges.

Valuation is complex, but we help make it simple.

Find out if Jindal in the world is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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SEC urges shareholders to uphold high ethical standards https://katmasters.com/sec-urges-shareholders-to-uphold-high-ethical-standards/ Sun, 13 Nov 2022 15:52:51 +0000 https://katmasters.com/sec-urges-shareholders-to-uphold-high-ethical-standards/ The Securities and Exchange Commission (SEC) has implored shareholders to continue to uphold high ethical standards and promote new strategies to enhance the accountability of market participants in the Nigerian capital market. The advice was given by SEC Chief Executive Lamido Yuguda at the 2022 edition of the Independent Shareholders Association of Nigeria (ISAN) Triennial […]]]>

The Securities and Exchange Commission (SEC) has implored shareholders to continue to uphold high ethical standards and promote new strategies to enhance the accountability of market participants in the Nigerian capital market.

The advice was given by SEC Chief Executive Lamido Yuguda at the 2022 edition of the Independent Shareholders Association of Nigeria (ISAN) Triennial Delegates Conference held recently.

Yuguda said that in 2016, pursuant to Section 8(y) of the Investments and Securities Act (ISA), the commission issued a code of conduct for members of shareholder associations to guide their conduct at general meetings of public companies and their dealings with limited companies outside general meetings, and for other purposes relating thereto.

According to him, the code is still in force and is intended to ensure the highest standard of conduct among members and the companies with which they interact as shareholders in good faith.

He said, “The code is designed to ensure that members of the association uphold high ethical standards and make positive contributions by ensuring that the affairs of public companies are conducted in an ethical and transparent manner in accordance with the Nigerian code. Corporate Governance and SEC Corporate Law. governance guidelines.

“I urge you to continue to uphold this code of conduct for members of shareholder associations by exercising discipline and ensuring good governance.

“We therefore urge this association to continue to improve the monitoring function of companies in order to contribute to their growth by reviewing reports and audited accounts before general meetings in order to raise relevant observations on key areas.”

The SEC CEO urged shareholders to continue promoting their core businesses, which focus on protecting minority shareholders, advancing corporate governance and developing a deep and robust capital market.

He described the theme of the conference which was on reforming the judiciary to stabilize and encourage the growth of the Nigerian economy, as very important and relevant to the growth and development of Nigeria.

Yuguda commended the shareholders for the excellent support the commission has received from the various shareholder associations in the country, especially ISAN.

“ISAN is one of the largest and most important shareholder advocacy groups in the country. We are proud to be associated with your core businesses which focus on protecting minority shareholders, advancing corporate governance and developing a deep and robust capital market.

“The judiciary has also contributed to the development of the capital market through its adjudicative role on issues involving capital market stakeholders. As the SEC continues its important regulatory work to protect foreign and domestic investors who invest their funds in the Nigerian capital market, we will continue to partner with and engage the judiciary and other relevant stakeholders.”

Yuguda said that in an increasingly competitive global environment for capital flows, foreign investors consider the strength and independence of a regulator in their investment decisions.

He stressed that it is therefore an urgent national priority to continue to send the right signals to the world of investors that the Nigerian capital market is indeed well regulated by a strong and independent SEC, devoid of confrontational interference from the any branch of government.

“The SEC is pleased to have, over the years, enjoyed the support of the nation’s courts in its quest to build a vibrant capital market that can help achieve our national goals.

“The important work of the judiciary impacts market integrity, investor confidence, market development and market fairness. It is clear that without fair, rapid and effective justice, capital markets will never be able to develop. Therefore, in our quest to develop a vibrant capital market in Nigeria, we cannot afford to neglect the central role of the judiciary,” Yuguda said.

The CEO of the SEC noted that there is room for reform of the judiciary, particularly on issues relating to investor protection and dispute resolution mechanisms in the Nigerian capital market, adding that the commission supports this reform and is happy to play a part in it.

“As the regulator of this vibrant market, the commission is focused on facilitating the raising of capital for sustainable national development and the transformation of Nigeria’s priority economic sectors, thereby effectively contributing to the national economy.

“We have always been focused on creating an ecosystem through which issuers, whether governments, entrepreneurs or other businesses, can efficiently access capital. The process of raising funds through the capital market plays a vital role in our economy and will help bring budding ideas to life,” Yuguda added.

READ ALSO FROM NIGERIAN TRIBUNE

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Notice of Annual General Meeting of Shareholders https://katmasters.com/notice-of-annual-general-meeting-of-shareholders/ Thu, 10 Nov 2022 17:55:56 +0000 https://katmasters.com/notice-of-annual-general-meeting-of-shareholders/ Notice of Annual General Meeting of Shareholders of as PRFoods AS PRFoods (registration code 11560713; location Tallinn, Republic of Estonia), hereby announces the annual general meeting of shareholders. This meeting will take place on 5e from December 2022 at 12:00 address petri Str. 12Tallinn 10411 , 2nd Floor. The list of shareholders entitled to vote […]]]>

Notice of Annual General Meeting of Shareholders of as PRFoods

AS PRFoods (registration code 11560713; location Tallinn, Republic of Estonia), hereby announces the annual general meeting of shareholders. This meeting will take place on 5e from December 2022 at 12:00 address petri Str. 12Tallinn 10411 , 2nd Floor.

The list of shareholders entitled to vote at the annual general meeting will be determined seven days before the meeting, i.e. on November 28, 2022 at the end of the working day of the Registrar’s settlement system. Estonian Securities. For the moment As of the date of this notice, the share capital of AS PRFoods is 7,736,572 euros. As PRFoods has 38,682,860 common shares, each share will grant 1 vote at the annual general meeting.
Registration for the Annual General Meeting will begin at the meeting venue on the day of the meeting, i.e. 5e from December 2022 at 11:30 hours and will end at 11:55:00.

To register, shareholders are requested to provide the following documents:

  • Individual shareholders must bring a passport or an official identity card. A representative of a shareholder must also present a written power of attorney.
  • Representatives of shareholders who are legal persons must bring an extract from the respective register where the legal person is registered which confirms the authority of the representative of the legal person to represent the legal person (representation under the law); and representative’s passport or government-issued identity card. If the legal person is represented by a person who is not the legal representative of the legal person, a written power of attorney is also required. The documents of a shareholder located abroad must be legalized or certified by an apostille, unless an international agreement on the subject provides otherwise. AS PRFoods can register a shareholder located abroad as a participant in the annual general meeting also in the event that the notarized power of attorney issued to the representative contains all the required data on the legal entity and its representative and that this power of attorney is valid in Estonia.

Prior to the annual general meeting, a shareholder may notify AS PRFoods of the appointment of a representative or revoke the authorization of a given representative by sending a digitally signed notice to AS PRFoods by e-mail to investor@prfoods.ee or by personally delivering the respective document(s) on working days from 10:00 a.m. to 4:00 p.m. at the Company’s headquarters at the address of Saare County, Saaremaa Parish, Suure-Rootsi Village, Kärsa, Estonia by December 2, 2022. The shareholder can use the form of proxy and the form of revocation of authorization available on the website of AS PRFoods www.prfoods.ee.

In accordance with the decision of the supervisory board of AS PRFoods, the agenda of the annual general meeting as well as the proposal of the supervisory board to shareholders is as follows:

1. Approval of the AS PRFoods annual report for the financial year 2021/2022
The proposal of the Supervisory Board of AS PRFoods is to approve the annual report of AS PRFoods for the financial year 2021/2022.
2. Ddecision to cover the loss of AS PRFoods for the 2021/2022 financial year
The proposal of the Supervisory Board of AS PRFoods:
(a) to recognize the loss for the 2021/2022 financial year in the amount of €8,143,000;
(b) cover the loss of an amount of 8,143,000 euros on issue premium.
3. Appointment of the statutory auditor for the 2022/2023 financial year and determination of the statutory auditor’s fees
The supervisory board of AS PRFoods proposes to approve the audit company KPMG Baltics OÜ (registration code 10096082) as auditor of AS PRFoods for the financial year 2022/2023 and to remunerate the company d audit for the audit in accordance with the agreement to be concluded with KPMG Baltics OÜ.
4. Determination of the number of new members of the Supervisory Board of AS PRFoods
The Supervisory Board of AS PRFoods proposes to elect a new Supervisory Board composed of five members.
5. Election of the members of the Supervisory Board members of AS PRFoods
The Supervisory Board of AS PRFoods proposes to the general meeting of shareholders the following:
5.1. To elect Aavo Kokk (identification code 36410042742) as a member of the supervisory board for a term of three years with the start date of the authorization on 12.12.2022 and with the current monthly remuneration of 500 EUR gross.
5.2. Elect Harvey Sawikin (born 02.16.1960) as a member of the Supervisory Board for a term of three years from 12.12.2022.
5.3. Elect Jaakko Karo (born 24.01.1962) as a member of the supervisory board for a term of three years with the authorization start date 12.12.2022 and with the current monthly remuneration of 500 EUR gross
5.4. To elect Kuldar Leis (identification code 36805296534) as a member of the supervisory board for a three-year term with the start date of the authorization on 12.12.2022 and with the current monthly remuneration of 750 EUR gross.
5.5. Elect Lauri Kustaa Äimä (Finnish identity code 061271-081F) as a member of the supervisory board for a term of three years with the start date of the authorization on 12.12.2022 and with the current monthly remuneration of 1000 EUR raw.

All documents relating to the annual general meeting of shareholders, draft resolutions and other documents of the general meeting are made available on the website of AS PRFoods www.prfoods.ee from 11e from November 2022 and on working days from 10 a.m. to 4 p.m. at the Company’s location in Saare County, Saaremaa Parish, Suure-Rootsi Village, Kärsa. Inquiries regarding the agenda of the annual general meeting of shareholders can be sent to the e-mail address investor@prfoods.ee. A shareholder has the right to receive information about the activities of AS PRFoods from the board of directors during the general meeting. However, the management board may refuse to disclose the information if there are sufficient grounds for presuming that the disclosure could harm the interests of the company. If the management board refuses to disclose the information, the shareholder may compel the general meeting to rule on the legality of the shareholder’s request or file a legal petition within two weeks in order to oblige the management board to disclose the information.
Shareholders whose shares represent at least 1/20 of the share capital of AS PRFoods may request the inclusion of additional items on the agenda of the annual general meeting if the request is submitted at least 15 days before the general meeting, i.e. no later than November 21, 2022, in writing to the following address: AS PRFoods, address county of Saare, parish of Saaremaa, village of Suure-Rootsi, Kärsa, 94129. Simultaneously with the request for modification of agenda, it is necessary to submit a draft resolution or justification for each additional issue. Shareholders whose shares represent at least 1/20 of the share capital of AS PRFoods can propose draft resolutions on each item on the agenda at least 3 days before the annual general meeting, i.e. before December 2, 2022 , by submitting a proposal to the following address: AS PRFoods, address county of Saare, parish of Saaremaa, village of Suure-Rootsi, Kärsa, 94129.

Indrek Kasela
Member of the Management Board
AS PRFood

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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC investigates https://katmasters.com/shareholder-investigation-halper-sadeh-llc-investigates/ Sun, 06 Nov 2022 18:10:06 +0000 https://katmasters.com/shareholder-investigation-halper-sadeh-llc-investigates/ NEW YORK, Nov. 06, 2022 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of federal securities laws and/or misconduct fiduciary duties to shareholders regarding: Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) sale to funds managed by affiliates of Apollo Global Management, Inc. and affiliates […]]]>

NEW YORK, Nov. 06, 2022 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of federal securities laws and/or misconduct fiduciary duties to shareholders regarding:

Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) sale to funds managed by affiliates of Apollo Global Management, Inc. and affiliates of JF Lehman & Company and Hill City Capital for $102.50 per share in cash. If you are an Atlas shareholder, click here to learn more about your rights and options.

UserTesting, Inc. (NYSE: USER) sale to Thoma Bravo for $7.50 per share. If you are a UserTesting shareholder, click here to learn more about your rights and options.

AgroFresh Solutions, Inc. (NASDAQ: AGFS) proposed sale to Paine Schwartz Partners for $3.00 per share in cash. If you are an AgroFresh shareholder, click here to learn more about your rights and options.

Shareholders are invited to contact the company free to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com Where zhalper@halpersadeh.com.

Halper Sadeh LLC represents investors worldwide who have been victims of securities fraud and corporate misconduct. Our lawyers have been instrumental in enacting corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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More and more Capricorn shareholders denounce the agreement with NewMed https://katmasters.com/more-and-more-capricorn-shareholders-denounce-the-agreement-with-newmed/ Wed, 02 Nov 2022 20:36:00 +0000 https://katmasters.com/more-and-more-capricorn-shareholders-denounce-the-agreement-with-newmed/ LONDON/NEW YORK, Nov 2 (Reuters) – Four additional major shareholders of Capricorn Energy Plc (CNE.L) publicly speak out against plans to sell natural gas producer to NewMed Energy (NWMDp.TA)arguing that the deal undervalues ​​the company’s assets, investors told Reuters. On Wednesday, Madison Avenue Partners, which has an 8.06% stake, making it Capricorn’s second largest investor, […]]]>

LONDON/NEW YORK, Nov 2 (Reuters) – Four additional major shareholders of Capricorn Energy Plc (CNE.L) publicly speak out against plans to sell natural gas producer to NewMed Energy (NWMDp.TA)arguing that the deal undervalues ​​the company’s assets, investors told Reuters.

On Wednesday, Madison Avenue Partners, which has an 8.06% stake, making it Capricorn’s second largest investor, joined small shareholders who have already voiced their disapproval.

“We oppose the transaction as it is currently structured because we believe it undervalues ​​Capricorn,” Madison Avenue managing partner Eli Samaha told Reuters.

Kite Lake Capital Management, which owns a 7.39% stake largely through derivatives, Newtyn Management, which owns a 6.05% stake and Legal & General Group, which owns nearly 4%, also said Wednesday. to Reuters that they opposed the deal.

“The terms are unnecessarily biased in favor of New Med,” said Kite Lake co-chief investment officer Jamie Sherman.

“We are not convinced that this proposal is the best way forward to maximize shareholder value and minimize future environmental risks,” said Nick Stansbury, head of climate solutions at Legal & General.

Growing opposition is challenging plans that could create a gas giant listed in London and Tel Aviv at a time when European countries look to these companies to help them cope with a supply shortage caused by the Russian invasion of Ukraine. The deal would create a gas producer focused on Israel and Egypt, including NewMed’s stake in Israel’s massive Leviathan offshore field.

Several investors said there was now a reasonable chance for them to block the deal.

Capricorn said the deal “offers our shareholders a substantial return on capital, as well as continued ownership in a differentiated UK listed company shaped for the future of the energy industry.” He also said he will “in due course” set a date for the meeting at which shareholders will be allowed to vote on the proposed transaction.

A representative for NewMed did not immediately respond to a request for comment.

Shareholders expressed concern after Palliser Capital, which owns about 6.6% of Capricorn, and Irenic Capital Management, which has a 1.5% stake, spoke out against the proposed deal.

Kite Lake argued that Capricorn could do better if he remained independent. “Capricorn, as a stand-alone entity, has a direct and executable path to immediate, near-term value creation far beyond what the New Med transaction currently offers,” the representative said.

Kite Lake also said NewMed needed the deal more than Capricorn and should therefore “pay an appropriate price to Capricorn shareholders.”

Last month, Irenic, a new company founded by Elliott Management and Indaba Capital Management alumni, argued that Capricorn and its shareholders would be better off selling the company’s assets piecemeal.

For Capricorn, this is the second time this year that shareholders have protested against its merger plans. Faced with investor opposition, Capricorn has terminated its proposed merger with Tullow Oil Plc (TLW.L) and switched to Israel’s NewMed instead.

“We are delighted that the proposed combination with Tullow has been dropped, and the new proposal addresses some, but not all, of our earlier concerns,” Stansbury of Legal & General said.

NewMed holds a 45.3% stake in the Leviathan field offshore Israel, the largest gas reservoir in the Mediterranean.

The NewMed transaction would result in the payment to Capricorn of a special dividend of $620 million. This would leave Capricorn shareholders with a 10.3% stake in the combined company, with NewMed shareholders holding 89.7%.

Reporting by Shadia Nasralla in London and Svea Herbst-Bayliss in New York Editing by Leslie Adler, Matthew Lewis and Diane Craft

Our standards: The Thomson Reuters Trust Principles.

expansion project is located.

According to him, the approximately $66.6 million Huancuire received between 2013 and 2017 from MMG for 1,900 hectares of land is a tiny fraction of what the company can actually earn selling the area’s underground resources. .

In April this year, the Huancuire community teamed up with the Fuerabamba community and launched a series of blockades to protest what their respective leaders saw as broken promises, following the sale of their land to MMG.

The blockades, which were later joined by four other communities, lasted more than 50 days and forced the Chinese miner to interrupt the activities of its flagship operation.

Following government mediation efforts, a temporary working group was created to address community concerns and follow through on commitments agreed between them and MMG. The group is expected to find a long-term solution to community grievances by December 31, 2022.

]]> Swedish Match urges shareholders to accept Philip Morris’ $16 billion offer https://katmasters.com/swedish-match-urges-shareholders-to-accept-philip-morris-16-billion-offer/ Thu, 27 Oct 2022 20:35:00 +0000 https://katmasters.com/swedish-match-urges-shareholders-to-accept-philip-morris-16-billion-offer/ Oct 27 (Reuters) – Swedish Match AB (SWMA.ST) on Thursday recommended that its shareholders accept Marlboro manufacturer Philip Morris International Inc. (PM.N) raised a $16 billion takeover bid for the tobacco company. Some Swedish Match shareholders objected to Philip Morris’ latest offer which was increased by more than 9% to 116 Swedish kronor ($10.59) per […]]]>

Oct 27 (Reuters) – Swedish Match AB (SWMA.ST) on Thursday recommended that its shareholders accept Marlboro manufacturer Philip Morris International Inc. (PM.N) raised a $16 billion takeover bid for the tobacco company.

Some Swedish Match shareholders objected to Philip Morris’ latest offer which was increased by more than 9% to 116 Swedish kronor ($10.59) per share, saying the total value of the new offer had changed little from compared to the original offer due to the appreciation of the US currency against the Swedish krona.

Under Swedish law, 90% of Swedish Match shareholders must approve the offer by November 4. Philip Morris said he stands by this acceptance rate.

In May, the company made its first all-cash offer of 106 crowns per share for Stockholm-based Swedish Match, which controls around half of the global market for snus, a Scandinavian moist oral tobacco product, and is also the market leader. market for the nicotine pouch industry. .

Philip Morris has since been under pressure to increase the bid as hedge funds including Elliott Management Corp have increased their stakes in Swedish Match ahead of a softer bid. Read more

Philip Morris aims to expand its presence in the growing market for alternatives to cigarettes and increase the sale of smokeless products to more than half of its turnover by 2025.

($1 = 10.9580 Swedish crowns)

Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli

Our standards: The Thomson Reuters Trust Principles.

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Bobst’s shareholder, JBF Finance, approaches 85% of the capital of the public tender offer https://katmasters.com/bobsts-shareholder-jbf-finance-approaches-85-of-the-capital-of-the-public-tender-offer/ Mon, 24 Oct 2022 05:45:03 +0000 https://katmasters.com/bobsts-shareholder-jbf-finance-approaches-85-of-the-capital-of-the-public-tender-offer/ Newswires MT 2022 All the news from BOBST GROUP SA Analyst recommendations on BOBST GROUP SA 2022 sales 1,758 million 1,754 million 1,754 million 2022 net income 104M 103M 103M Net cash 2022 18.5 million 18.5 million 18.5 million PER 2022 ratio 12.5x 2022 return 3.20% Capitalization 1,292 million […]]]>


Newswires MT 2022

All the news from BOBST GROUP SA

Analyst recommendations on BOBST GROUP SA

2022 sales 1,758 million
1,754 million
1,754 million
2022 net income 104M
103M
103M
Net cash 2022 18.5 million
18.5 million
18.5 million
PER 2022 ratio 12.5x
2022 return 3.20%
Capitalization 1,292 million
1,288 million
1,288 million
EV / Sales 2022 0.72x
EV / Sales 2023 0.64x
# of employees 5,915
Floating 46.0%


Duration :

Period :




Bobst Group SA Technical Analysis Chart |  MarketScreener

Trends in technical analysis BOBST GROUP SA

Short term Middle term Long term
Tendencies Bearish Neutral Neutral




Evolution of the income statement

Sale

To buy

Medium consensus SURPASS
Number of analysts 2
Last closing price CHF78.20
Average target price CHF94.00
Average Spread / Target 20.2%


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