Stock corporation – Sweet As A Biscuit http://sweetasabiscuit.com/ Fri, 23 Sep 2022 13:32:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sweetasabiscuit.com/wp-content/uploads/2021/10/icon-14-120x120.png Stock corporation – Sweet As A Biscuit http://sweetasabiscuit.com/ 32 32 NCR Corporation – Consensus indicates 68.8% upside potential https://sweetasabiscuit.com/ncr-corporation-consensus-indicates-68-8-upside-potential/ Fri, 23 Sep 2022 13:24:03 +0000 https://sweetasabiscuit.com/ncr-corporation-consensus-indicates-68-8-upside-potential/ NCR Company with ticker code (NCR) now have 8 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 51 and 27 and has an average objective at 37.13. Given that the stock’s previous close was at 21.99, this now indicates that there is 68.8% upside potential. The 50-day moving […]]]>

NCR Company with ticker code (NCR) now have 8 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 51 and 27 and has an average objective at 37.13. Given that the stock’s previous close was at 21.99, this now indicates that there is 68.8% upside potential. The 50-day moving average now stands at 31.06 while the 200-day moving average is at 35.77. The company has a market capitalization of $2,961 million. Visit the company’s website at: https://www.ncr.com

The potential market capitalization would be $5,000 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

NCR Corporation provides various software and services worldwide. It operates through banking, retail, hospitality, and telecommunications and technology segments. The company offers managed services and ATMs as a service that allow banks to manage their ATM channels end-to-end; software, services and hardware; and digital banking solutions for retail and business customers of financial institutions. It also provides solutions for banking channel services, transaction processing, imaging and branch services. In addition, the Company offers solutions for the retail industry including comprehensive point-of-sale (POS) API software platforms and applications, hardware terminals and peripherals, payment processing solutions and consumer engagement solutions, as well as self-service kiosks, which consist of self-service checkout (SCO). In addition, it provides technology solutions to customers in the hospitality industry comprising table-service, quick-service and quick-casual restaurants. The company also offers cloud-based software applications for point of sale, back office, payment processing, kitchen production, restaurant management, e-commerce, marketing and consumer loyalty; and hardware products for hospitality, such as point-of-sale terminals, kitchen display systems, portable devices, printers and peripherals. In addition, NCR Corporation provides managed network and infrastructure services to enterprise customers, as well as professional, field, and remote services for network technologies. The company also offers solutions for opening and onboarding customer accounts across digital, branch and call center channels. NCR Corporation was founded in 1881 and is headquartered in Atlanta, Georgia.

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Dundee Corporation closes Big River Gold privatization transaction with Aura Minerals to develop and participate in future cash flow from the Borborema mine https://sweetasabiscuit.com/dundee-corporation-closes-big-river-gold-privatization-transaction-with-aura-minerals-to-develop-and-participate-in-future-cash-flow-from-the-borborema-mine/ Wed, 21 Sep 2022 20:33:00 +0000 https://sweetasabiscuit.com/dundee-corporation-closes-big-river-gold-privatization-transaction-with-aura-minerals-to-develop-and-participate-in-future-cash-flow-from-the-borborema-mine/ Dundee Society TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Dundee Society (TSX: DC.A) (“Dundee” or the “Company”) is pleased to announce the closing of the previously announced transaction in which Dundee Resources Limited (“Dundee Resources”), a wholly owned subsidiary of the Company, will retain a 20 percent interest in Big River Gold Limited (“Big River”) […]]]>

Dundee Society

TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Dundee Society (TSX: DC.A) (“Dundee” or the “Company”) is pleased to announce the closing of the previously announced transaction in which Dundee Resources Limited (“Dundee Resources”), a wholly owned subsidiary of the Company, will retain a 20 percent interest in Big River Gold Limited (“Big River”) through a joint venture agreement with Aura Minerals Inc (“Aura”). The Supreme Court of Western Australia approved the acquisition of Big River on September 8, 2022.

Aura, a returns-focused mid-tier gold and copper producer, in partnership with Dundee Resources, plans to review the project and complete a feasibility study (“Borborema FS”) in accordance with National Instrument 43- 101 – Disclosure Standards for Mineral Resources Projects (“NI-43-101”) on the Borborema Project by early 2023. On a preliminary basis, and subject to FS completion and confirmation Borborema, construction of the Borborema project is expected to begin in 2023 and production is expected to begin in 2025.

As previously indicated, Aura and Dundee Resources’ joint venture in the project will be held through an intermediary holding company (“Borborema Inc.”), and Dundee Resources will hold an indirect 20% interest in Borborema, Inc. as a result of the contribution of shares of Big River previously held by Dundee Resources and a “complementary” cash subscription for shares of Borborema, Inc. of approximately US$2.5 million.

Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation, said, “I am pleased to announce the closing of this transaction and allow Dundee to participate directly in all future cash flows from this high quality mining project. under development in Brazil. We are delighted to be working closely with our respected partner Aura, an exceptional, responsible and ESG-conscious operator with extensive experience and success operating in Brazil to develop the fully licensed Borborema Gold Project and we look forward to updating the market on progress and timelines as Borborema, Inc. moves into development and production. This is clearly a transformational transaction for Dundee, and we look forward to our evolution into becoming an emerging gold producer. »

ABOUT DUNDEE CORPORATION

Dundee Corporation is an independent Canadian holding company listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is an active investor focused on creating long-term sustainable value as a trusted partner in the mining industry with over 30 years of experience in accretive mining investments.

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations and Media
Such. : (416) 864-3584
Email: ir@dundeecorporation.com

Advisors and Council

Cassels, Brock, & Blackwell LLP is acting as Canadian legal advisor and Blackwall Legal LLP is acting as Australian legal advisor to Dundee Resources Limited.

Canaccord Genuity Corp. is acting as exclusive financial advisor, Gowling WLG (Canada) LLP is acting as Canadian legal advisor and King & Wood Mallesons is acting as Australian legal advisor to Aura Minerals.

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes statements that use forward-looking terminology such as “may”, “could”, “should”, “will”, “should”, “intend”, “target”, “plan”, ” expects”, “budget”, “estimate”, “plan”, “schedule”, “anticipate”, “believe”, “continue”, “potential”, “see” or the negative or grammatical variation of these this or other variations thereof or comparable terminology. Such forward-looking information includes, but is not limited to, statements regarding the closing of the transaction; plans and expectations regarding the timing of completion of Borborema FS, exploration plans at Borborema, timing and completion of development at Borborema and timing and level of production at Borborema; mine life at Borborema and other expectations, as well as any other statements relating to potential production forecasts and any other statements which may predict, forecast, indicate or imply plans, intentions, levels of activity, results, performance or achievements future.

Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Specific reference is made to the most recent Annual Information Form filed with certain Canadian provincial securities regulators for a discussion of some of the factors underlying the forward-looking statements, which include, but are not limited to, the ability to the Company to achieve its long-term objectives, the prospects and the timing and expected results thereof, the Company’s ability to successfully achieve its business objectives, the volatility of copper and gold prices or certain other commodities, fluctuations in debt and equity markets, uncertainties in the interpretation of geological data, cost increases, environmental issues, compliance and changes in environmental laws and regulations, fluctuations interest and foreign exchange rates, the accuracy of any estimates of mineral reserves and mineral resources, general economic conditions and other risks associated with the mineral exploration and development industry. Should any of these risks or uncertainties materialize, or should opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events could differ materially from those anticipated in the forward-looking information. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other risk factors that are not currently known to the Company or that the Company currently believes to be immaterial and that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date of publication. The forward-looking information contained in this press release represents the Company’s expectations as of the date of this press release (or as otherwise stated) and is subject to change after such date. The Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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KRTL BIOTECH AND ENTEXS CORPORATION ACCELERATE ALLIANCE AT MJBIZCON AND SOUTH KOREA INITIATIVES https://sweetasabiscuit.com/krtl-biotech-and-entexs-corporation-accelerate-alliance-at-mjbizcon-and-south-korea-initiatives/ Tue, 20 Sep 2022 13:01:43 +0000 https://sweetasabiscuit.com/krtl-biotech-and-entexs-corporation-accelerate-alliance-at-mjbizcon-and-south-korea-initiatives/ Lakewood, CO, September 20, 2022 (GLOBE NEWSWIRE) — KRTL Holding Group, Inc. (OTC: KRTL), an innovator and pioneer in the development of cross-business know-how and cutting-edge proprietary technology and methodology in the hemp, cannabis, psilocybin and alternative wellness industries, is pleased to announce that its wholly owned subsidiary, KRTL Biotech (“KRTL”) advanced the strategic alliance […]]]>

Lakewood, CO, September 20, 2022 (GLOBE NEWSWIRE) — KRTL Holding Group, Inc. (OTC: KRTL), an innovator and pioneer in the development of cross-business know-how and cutting-edge proprietary technology and methodology in the hemp, cannabis, psilocybin and alternative wellness industries, is pleased to announce that its wholly owned subsidiary, KRTL Biotech (“KRTL”) advanced the strategic alliance with ENTEX Corporation (“ENTEXS”), a Made in the UNITED STATES Industry-leading cannabis and hemp extraction technology manufacturer focusing on advanced end-to-end solutions and creating best-in-class THC Sanitation Technology. KRTL will join ENTEXS at MJBizCon Las Vegas in November 2022 to unveil the final design of their mobile extraction unit. There will be a live demonstration showing conference attendees a glimpse of the proprietary closed-loop technology in action with details regarding the production and operation of the ENTEX MINI 9 extraction system, a slightly smaller version of the system for use in the mobile extraction laboratory.

“MJBizCon has become an industry staple, anyone will be there, and we have top notch floor space to show off what our ENTEXS mining technology can do. KRTL joining us to demonstrate their plans for mobile extraction deployment strategy and what they are doing in the psilocybin space regarding planned formulation is an exciting prospect and something we are excited to be a part of,” said declared Emile BayanCOO of ENTEXS.

As a member of KRTL and ENTEXS alliance, the mobile mining lab isn’t the only thing to be discussed at MJBizCon. KRTL will unveil some of its formulated psilocybin products slated to launch in the newly legalized Oregon psilocybin market, which is expected to start in early 2023. The KRTL-ENTEXS strategic alliance signed earlier in the month has been amplified and accelerated because ENTEXS has already been conducting R&D on psilocybin extraction and have made their work available KRTL with exclusive technology customized and optimized for the extraction of psilocybin. This feature will be rolled out with the KRTL mobile extraction lab as it goes live, creating a complete solution supporting THC, CBD (among other cannabinoids) and now psilocybin.

“This is a great opportunity for us to show and tell what we are doing, not just the progress of the work put in KRTL so far this year, but the tremendous momentum that has been building over the past few months as others join in and add their skills, expertise and intellectual property to the mission of KRTL. ENTEXS tailors this bill to a T, quickly integrating its expertise and leveraging its own R&D and intellectual property for this mission so that everyone at the table wins. We’re excited to see where this is going and MJBizCon is the perfect stage to celebrate some of these early successful accomplishments,” said Daniel BallCEO of KRTL.

Closely related to these developments is the work KRTL made in South Korea under the Zone without hemp regulations; have been approved as a Foreign Advisor and have psilocybin research approval from the MFDS, KRTL International keep pushing KRTL priorities. They will introduce critical technologies as part of the KRTL-ENTEXS alliance, such as THC Remediation. Remediation specifically targets THC, providing a mechanism to reduce or eliminate THC while retaining CBD and most other broad-spectrum cannabinoids in the finished distillate. Remediation allows manufacturers to make products of different concentrations of CBD without the psychoactive side effects. It is important to note that product dilution is not remediation. ENTEXS’ exclusive RMD-T series achieves industry-leading THC remediation benchmarks with cost-effective technology, boasts a CBD loss rate of less than 5%, has a USDA-certified organic catalyst, and is scalable alongside business operations. Competitive alternatives see wastage rates 3-10 times that amount or cannot scale with any cost-effectiveness. This dilution effect is not an issue with the RMD-T series, capable of even remedying mother liquor to non-detection with low loss rates. This technology will enhance KRTL leadership in South Korea and alleviate regulatory concerns for other producers in the Zone without hemp regulations as the final legal framework is finalized for the rest of the country in the months and years to come.

Kai Kim CEO of KRTL International added: “We are very pleased with this partnership. First, we can advance our trial ambitions. Second, we can seize a lucrative THC opportunity in United States with a mobile lab and we introduce timely disruptive remediation technology in South Korea.

About KRTL Holding Group, Inc.
KRTL is a holding company interested in diversifying risk and accessing new markets. The Company operates its wholly owned subsidiaries, KRTL Biotech, Inc. and KRTL International Corp.with precision and excellence and continues to create and strengthen the KRTL reputation. this allows KRTL Holding Group, Inc. to capitalize on any range of investment opportunities. Our organization values ​​collaboration and emphasizes a transparent work environment.

Additional information on KRTL is available online at www.krtlholding.com and www.krtl-icc.com, and www.krtlbiotech.com.

About ENTEX Corporation
ENTEX provides top-notch customer service with extraction technology designed and manufactured in-house to constantly evolve and develop machines for the needs of the hemp and cannabis markets. Addressing the bottlenecks of the typical extraction process, their patent-pending technology is hands-free, continuous, and closed-loop, with no winterizing or rotovaping required. This breakthrough increases the productivity, yields and quality of each extraction on a high-capacity industrial scale. Compliant with global standards such as cGMP, EUGMP and UI, all ENTEXS systems are customized to unique operational specifications.

For more information, log on to (888) 960-ENTX or info@entexs.com.

KRTL Holding Group, Inc.

14143 Denver W Pkwy #100
Lakewood, CO 80401

Email: info@krtlholding.com
Main: 800-707-0586
IR: 855-464-2535 Ext. 1

main logo

Source: KRTL Holding Group

2022 GlobeNewswire, Inc., source Press Releases

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K&S Corporation Limited (ASX:KSC) stock rallies but financials look ambiguous: Will the momentum continue? https://sweetasabiscuit.com/ks-corporation-limited-asxksc-stock-rallies-but-financials-look-ambiguous-will-the-momentum-continue/ Mon, 19 Sep 2022 00:58:00 +0000 https://sweetasabiscuit.com/ks-corporation-limited-asxksc-stock-rallies-but-financials-look-ambiguous-will-the-momentum-continue/ Most readers already know that shares of K&S (ASX:KSC) are up a significant 16% in the past month. However, we wonder if the company’s inconsistent financial statements would negatively impact the current share price dynamics. In this article, we decided to focus on K&S DEER. Return on Equity or ROE is a test of how […]]]>

Most readers already know that shares of K&S (ASX:KSC) are up a significant 16% in the past month. However, we wonder if the company’s inconsistent financial statements would negatively impact the current share price dynamics. In this article, we decided to focus on K&S DEER.

Return on Equity or ROE is a test of how effectively a company increases its value and manages investors’ money. In simpler terms, it measures a company’s profitability relative to equity.

Check out our latest analysis for K&S

How to calculate return on equity?

Return on equity can be calculated using the formula:

Return on equity = Net income (from continuing operations) ÷ Equity

So, based on the formula above, the ROE for K&S is:

5.7% = AU$17 million ÷ AU$307 million (based on trailing 12 months to June 2022).

The “yield” is the amount earned after tax over the last twelve months. Another way to think about this is that for every 1 Australian dollar of equity, the company was able to make a profit of 0.06 Australian dollars.

Why is ROE important for earnings growth?

So far we have learned that ROE is a measure of a company’s profitability. Depending on how much of those earnings the company reinvests or “keeps”, and how efficiently it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, all things being equal, companies with high return on equity and earnings retention have a higher growth rate than companies that do not share these attributes.

A side-by-side comparison of K&S earnings growth and ROE of 5.7%

At first glance, K&S ROE doesn’t have much to say. Then, compared to the industry average ROE of 20%, the company’s ROE leaves us even less excited. K&S was still able to see a decent net income growth of 11% over the past five years. Thus, the company’s earnings growth could likely have been caused by other variables. For example, the business has a low payout ratio or is efficiently managed.

As a next step, we benchmarked K&S net income growth with the industry and were disappointed to see that the company’s growth is below the industry average growth of 19% over the same period.

past earnings-growth

Earnings growth is an important metric to consider when evaluating a stock. It is important for an investor to know whether the market has priced in the expected growth (or decline) in the company’s earnings. By doing so, they will get an idea if the stock is headed for clear blue waters or if swampy waters are waiting. A good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings outlook. So you might want check if K&S is trading on a high P/E or a low P/Ein relation to its industry.

Does K&S use its profits efficiently?

The high three-year median payout rate of 57% (or a retention rate of 43%) for K&S suggests that the company’s growth hasn’t really been hampered despite returning most of its income to its shareholders.

Additionally, K&S is committed to continuing to share its profits with shareholders, which we infer from its long history of paying dividends for at least ten years.

Conclusion

Overall, we believe that the performance shown by K&S can be open to many interpretations. While there is no doubt that its earnings growth is quite respectable, low earnings retention could mean that the company’s earnings growth could have been higher, had it paid off by reinvesting a larger portion. of its profits. An improvement in its ROE could also contribute to its future earnings growth. So far, we have only had a brief discussion of corporate earnings growth. You can do your own research on K&S and see how it has performed in the past by watching this FREE detailed graph past profits, revenue and cash flow.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

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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Better EV Stock: Lucid Group vs. Nikola Corporation https://sweetasabiscuit.com/better-ev-stock-lucid-group-vs-nikola-corporation/ Sat, 17 Sep 2022 14:58:00 +0000 https://sweetasabiscuit.com/better-ev-stock-lucid-group-vs-nikola-corporation/ Lucid (LCID -1.88%) and Nicholas (NKLA -1.92%) are both electric vehicle manufacturers that went public by merging with SPACs (Special Purpose Acquisition Companies). Both electric vehicle makers initially painted rosy long-term forecasts in their first investor presentations, but quietly rolled back those estimates after their public debut. As a result, Nikola and Lucid are now […]]]>

Lucid (LCID -1.88%) and Nicholas (NKLA -1.92%) are both electric vehicle manufacturers that went public by merging with SPACs (Special Purpose Acquisition Companies). Both electric vehicle makers initially painted rosy long-term forecasts in their first investor presentations, but quietly rolled back those estimates after their public debut. As a result, Nikola and Lucid are now both trading below their initial post-merger prices. Should investors consider buying either stock now?

Can Lucid solve its production problems?

Lucid’s first luxury sedan, the Lucid Air, can travel up to 520 miles on a single charge, beating You’re hereit is (TSLA -0.13%) Model S Long Range over 100 miles. It’s headed by Peter Rawlinson, who was previously Tesla’s chief vehicle engineer from 2009 to 2012. Lucid notably targets more affluent customers than Tesla: the Lucid Air starts at $87,400, while the top-of-the-line Grand Touring model starts at $154,000.

Image source: Lucid.

Before its merger, Lucid claimed it could ship 20,000 vehicles in 2022. But in February, it reduced that target to 12,000-14,000 vehicles. In August, it halved that forecast to just 6,000 to 7,000 vehicles because it faced “extraordinary supply chain and logistics challenges”.

Lucid ended its last quarter with 37,000 bookings, which could potentially generate up to $3.5 billion in revenue, but it only delivered 125 vehicles in 2021 and 1,039 vehicles in the first half of 2022. As a result, Lucid may still struggle to deliver 6,000 vehicles this year to unless it significantly increases its production in the second half.

The AMP-1 plant in Lucid, Arizona has an annual production capacity of 34,000 vehicles, and it expects its Phase 2 expansion to bring its annual capacity to 90,000 vehicles next year. However, this increased capacity will be meaningless if it cannot solve its supply chain problems.

Will Nikola be able to regain the trust of his investors?

Nikola produces BEV (battery powered) and FCEV (hydrogen fuel cell) cargo trucks. Before its public debut, it claimed it could deliver 600 BEVs in 2021, followed by 1,200 BEVs in 2022. It also planned to start delivering its FCEVs in 2023. But in reality, Nikola only shipped its first two BEVs for a pilot program at the end of 2021.

Nikola founder and former CEO Trevor Milton also quit last year after he was personally targeted in securities and wire fraud investigations. Nikola’s current CEO, Mark Russell, has tried to distance himself from Milton, and the company also reached its own settlement with the SEC last December, but the allegations could further tarnish its reputation. General Motorswhich previously took an 11% stake in Nikola and planned to co-produce a consumer-facing Badger van with the company, also liquidated its entire position and abandoned that project in November 2020.

Nikola delivered 52 BEVs in the first half of 2022, and he says he remains “on track” to ship 300 to 500 BEVs for the full year. It has received more than 500 orders for its BEVs so far, and its plant in Arizona currently has an annual production capacity of 2,500 trucks. It expects its Phase 2 expansion to take that capacity to 20,000 vehicles (in two shifts) by early 2023.

How big are their losses?

Lucid only generated $27 million in revenue in 2021, but it posted a staggering net loss of $4.75 billion. In the first half of 2022, it generated $155 million in revenue, but still posted a net loss of $1.16 billion.

Assuming Lucid can hit its target of 6,000-7,000 shipments, analysts expect it to generate $758 million in revenue, with a net loss of $1.63 billion this year. Lucid still held $3.16 billion in cash and cash equivalents, as well as $1.14 billion in short-term investments, at the end of the second quarter — but it could burn through that cash quickly as it expands. That’s why it recently announced it would raise an additional $8 billion in a mixed offering to bolster its balance sheet.

Nikola didn’t generate any significant revenue in 2021, but he racked up a net loss of $690 million. It generated $17 million in revenue in the first half of 2022, but that still resulted in a net loss of $326 million. It ended the second quarter with just $529 million in cash and cash equivalents.

If Nikola can meet its delivery targets this year, analysts expect it to generate $111 million in revenue but still post a net loss of $816 million. That outlook looks bleak, but Nikola plans to keep the lights on by raising up to $400 million in an upcoming stock sale.

The evaluations and the verdict

Both stocks still look expensive after their post-merger decline: Lucid is trading at 37 times this year’s sales, while Nikola is trading at 21 times this year’s sales. These price-to-sales ratios may cool as they ramp up production, but their continued lags indicate that investors should temper their long-term expectations and forget about their pre-merger estimates.

I wouldn’t touch any of these EV stocks at this time. But if I had to pick one over another, I’d stick with Lucid because it attracts more bookings and has higher production rates.

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Ralph Lauren Corporation declares quarterly dividend https://sweetasabiscuit.com/ralph-lauren-corporation-declares-quarterly-dividend/ Fri, 16 Sep 2022 12:01:00 +0000 https://sweetasabiscuit.com/ralph-lauren-corporation-declares-quarterly-dividend/ NEW YORK–(BUSINESS WIRE)–Ralph Lauren Corporation (NYSE: RL) announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on Ralph Lauren Corporation common stock. The dividend is payable on October 14, 2022 to shareholders of record at the close of business on September 30, 2022. ABOUT RALPH LAUREN Ralph Lauren […]]]>

NEW YORK–(BUSINESS WIRE)–Ralph Lauren Corporation (NYSE: RL) announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on Ralph Lauren Corporation common stock. The dividend is payable on October 14, 2022 to shareholders of record at the close of business on September 30, 2022.

ABOUT RALPH LAUREN

Ralph Lauren Corporation (NYSE: RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, footwear and accessories, home, fragrance and hospitality. For more than 50 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. Its reputation and distinctive image have developed through a wide range of products, brands, distribution channels and international markets. The Company’s brands, including Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children and Chaps, constitute one of the most recognized product families in the world. world. consumer brands. For more information, visit https://investor.ralphlauren.com.

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Is America’s Most Watched Stock Bank (BAC) Worth Betting Now? https://sweetasabiscuit.com/is-americas-most-watched-stock-bank-bac-worth-betting-now/ Thu, 15 Sep 2022 01:00:12 +0000 https://sweetasabiscuit.com/is-americas-most-watched-stock-bank-bac-worth-betting-now/ Bank of America (BAC) has been one of the most searched stocks on Zacks.com lately. So, you might want to consider some of the facts that could shape the stock’s performance in the short term. Shares of that country’s second-largest bank have returned -7.2% over the past month compared to the -8% change in the […]]]>

Bank of America (BAC) has been one of the most searched stocks on Zacks.com lately. So, you might want to consider some of the facts that could shape the stock’s performance in the short term.

Shares of that country’s second-largest bank have returned -7.2% over the past month compared to the -8% change in the Zacks S&P 500 composite. The industry Zacks Banks – Major Regional, to which belongs Bank of America, lost 6% during this period. Now the key question is: where could the stock be heading in the near term?

Although media reports or rumors of a material change in a company’s business outlook usually cause its stock to trend and result in an immediate price change, there are always certain fundamental factors that ultimately determine the buy and hold decision.

Revisions to earnings estimates

Rather than focusing on anything else, at Zacks we prioritize assessing change in a company’s earnings projection. Indeed, we believe that the fair value of its shares is determined by the present value of its future earnings streams.

Our analysis is primarily based on how sell-side analysts covering the stock revise their earnings estimates to reflect the latest trading trends. When a company’s earnings estimates increase, the fair value of its stock also increases. And when the fair value of a stock is higher than its current market price, investors tend to buy the stock, causing its price to rise. For this reason, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term movements in stock prices.

For the current quarter, Bank of America is expected to post earnings of $0.80 per share, indicating a -5.9% change from the prior year quarter. The Zacks consensus estimate has changed -1% in the past 30 days.

The consensus earnings estimate of $3.20 for the current fiscal year indicates a -10.4% year-over-year change. This estimate has changed by -0.3% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $3.84 indicates a change of +19.9% ​​from what Bank of America is expected to report a year ago. Over the past month, the estimate has changed by +0.3%.

With an impressive externally audited balance sheet, our proprietary stock rating tool – the Zacks Ranking – is a more conclusive indicator of a stock’s short-term price performance because it effectively harnesses the power of earnings estimate revisions. The magnitude of the recent change in the consensus estimate, plus three more factors related to earnings estimatesresulted in a Zacks rank #3 (Hold) for Bank of America.

The chart below shows the evolution of the company’s consensus 12-month EPS estimate:

12 month EPS

Expected revenue growth

While a company’s earnings growth is arguably the best indicator of its financial health, nothing happens if it can’t grow its revenue. It is almost impossible for a company to increase its profits without increasing its revenue for long periods of time. Therefore, knowing the potential revenue growth of a business is crucial.

For Bank of America, the consensus sales estimate for the current quarter of $23.58 billion indicates a year-over-year change of +3.6%. For the current and future fiscal years, the estimates of $93.59 billion and $102.85 billion indicate variations of +5% and +9.9%, respectively.

Latest reported results and history of surprises

Bank of America reported revenue of $22.69 billion in the latest quarter, representing a year-over-year change of +5.7%. EPS of $0.73 for the same period versus $1.03 a year ago.

Compared to the Zacks consensus estimate of $22.97 billion, reported revenue is a surprise -1.23%. The EPS surprise was -5.19%.

In the past four quarters, Bank of America has exceeded consensus EPS estimates three times. The company has exceeded consensus revenue estimates three times during this period.

Evaluation

No investment decision can be effective without considering the valuation of a stock. Whether a stock’s current price accurately reflects the intrinsic value of the underlying business and the company’s growth prospects is a key determinant of its future price performance.

While comparing the current values ​​of a company’s valuation multiples, such as the price-to-earnings (P/E) ratio, the price-to-sales (P/S) ratio, and the price-to-cash flow (P/CF) ratio , along with its own historical values ​​help determine whether its stock is fairly valued, overvalued or undervalued, comparing the company against its peers on these metrics gives a good idea of ​​the reasonableness of the stock price .

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to traditional and unconventional valuation metrics to rank stocks from A to F (an A is better than a B; a B is better than a C; and so on), is quite useful in determining whether a stock is overvalued, correctly priced, or temporarily undervalued.

Bank of America is rated D on this front, indicating that it is trading at a premium to its peers. Click here to see the values ​​of some of the rating metrics that led to this rating.

Conclusion

The facts discussed here and plenty of other information about Zacks.com might help determine whether it’s worth paying attention to the market buzz about Bank of America. However, its No. 3 Zacks ranking suggests it could perform in line with the broader market in the near term.

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To read this article on Zacks.com, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Alpha Star Acquisition Corporation Signs Letter of Intent for Business Combination https://sweetasabiscuit.com/alpha-star-acquisition-corporation-signs-letter-of-intent-for-business-combination/ Tue, 13 Sep 2022 20:31:06 +0000 https://sweetasabiscuit.com/alpha-star-acquisition-corporation-signs-letter-of-intent-for-business-combination/ NEW YORK, September 13, 2022 (GLOBE NEWSWIRE) — Alpha Star Acquisition Company (the “Company”) announced today that it has entered into a non-binding letter of intent (“LOI”) for a business combination with Cycle bit group (the “Cyclebit”). Founded in 2012, Cyclebit is a global payments and SaaS provider. Its main products include card acquiring, point-of-sale […]]]>

NEW YORK, September 13, 2022 (GLOBE NEWSWIRE) — Alpha Star Acquisition Company (the “Company”) announced today that it has entered into a non-binding letter of intent (“LOI”) for a business combination with Cycle bit group (the “Cyclebit”). Founded in 2012, Cyclebit is a global payments and SaaS provider. Its main products include card acquiring, point-of-sale (POS) services and marketplace solutions.

Under the terms of the letter of intent, the company and Cyclebit would become a combined entity, with existing Cyclebit shareholders transferring 100% of their equity into the combined public company. The Company expects to announce additional details regarding the proposed business combination when a definitive agreement is signed, which is expected in the fourth quarter of 2022.

No assurance can be given that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be completed on the terms or schedule currently contemplated, or at all. Any transaction would be subject to approval by the board of directors and shareholders of both companies, regulatory approvals and other customary conditions.

ABOUT ALPHA STAR ACQUISITION COMPANY

The Company is a blank check company incorporated in Cayman Islands exempt company incorporated for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company may pursue an acquisition opportunity in any industry or sector, the Company intends to focus on companies that have a connection to the Asian market.

IMPORTANT INFORMATION AND WHERE TO FIND IT

If a legally binding definitive agreement regarding the proposed business combination is signed, the Company intends to file a preliminary proxy statement (a “Transaction Proxy Statement”) with the US securities and Exchange Commission’s (the “SEC”). A definitive proxy statement will be mailed to shareholders of the Company on a record date to be set for voting on the proposed transaction. Shareholders may also obtain a copy of the Deal Proxy Statement, free of charge, by sending a request to: Alpha Star Acquisition Company, 80 wide street5e Floor, New York, NY 10004. Preliminary and final Deal Proxy Statements, when available, may also be obtained, free of charge, at the SEC’s website, www.sec.gov.

This communication may be considered an offer or solicitation document relating to the proposed transaction, which will be submitted to the shareholders of the Company for their consideration. The Company urges investors, shareholders and other interested persons to read carefully, when available, the preliminary and definitive proxy statement and other documents filed with the SECOND (including any amendments or supplements to the Deal Proxy Statement, if any), in each case, before making any investment or voting decision with respect to the proposed transaction, as such materials will contain important information about the Company, the Cyclebit and the transaction project.

PARTICIPANTS IN THE SOLICITATION

The Company and its directors, officers, other officers and employees may be considered participants in the solicitation of proxies with respect to the potential transaction described herein under the rules of the SECOND. Information about the company’s directors and officers is set forth in the company’s annual report on Form 10-K for the year ended December 31, 2021which was filed with the SECOND on March 30, 2022. Information concerning persons who may, under the rules of the SECONDbe considered participants in the solicitation of shareholders in connection with the potential transaction and a description of their direct and indirect interests, by holding securities or otherwise, will be disclosed in the proxy statement of the transaction when it is filed with the SECOND. These documents can be obtained, once available, free of charge from the sources indicated above.

NO OFFER OR SOLICITATION

This press release does not constitute a solicitation of proxy, consent or authorization with respect to any security or with respect to the proposed business combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration. or qualification under the securities laws of such jurisdiction. No offer of securities will be made except by means of a prospectus satisfying the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the Company’s current expectations and are subject to numerous conditions, risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements, many of which are beyond the control of the Company. Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021filed with the SECOND on March 30, 2022and the Company’s quarterly reports on Form 10-Q filed with the SECOND, all available on the SEC’s website, www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from projections contained in forward-looking statements. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

contacts

Zhe ZhangChief executive officer
zhe.zhang@swgt.co.uk

Source: Alpha Star Acquisition Company

2022 GlobeNewswire, Inc., source Press Releases

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2022-09-12 | NYSE:MX | Press release https://sweetasabiscuit.com/2022-09-12-nysemx-press-release/ Mon, 12 Sep 2022 13:08:31 +0000 https://sweetasabiscuit.com/2022-09-12-nysemx-press-release/ Seoul, South Korea, September 12, 2022 /PRNewswire/ — Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced that the Board of Directors has authorized an extension of the Company’s previously announced share buyback program of $75 million at $87.5 million ordinary shares of the Company. The Company has already bought back shares worth […]]]>

Seoul, South Korea, September 12, 2022 /PRNewswire/ — Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced that the Board of Directors has authorized an extension of the Company’s previously announced share buyback program of $75 million at $87.5 million ordinary shares of the Company. The Company has already bought back shares worth $37.5 million in the program.

The rest $50.0 million enlargement $87.5 million program will be redeemed on the open market or through over-the-counter transactions. As part of the buyback program, the Company has implemented a stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

The timing of share repurchases and the number of common shares to be repurchased will depend on prevailing market conditions and other factors.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are subject to the safe harbor thus created. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements are often, but not always, formulated using words or phrases such as “may”, “will”, “will”, “anticipate”, “estimate”, “plan”, “project, “”s), “”intend”, “predict”, “potential”, “future”, “strategy”, “opportunity” and similar words or phrases or the negatives of such words or phrases. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including, but not limited to: the impact of changes in macroeconomic and/or general economic conditions, including those caused by or related to inflation, potential recessions or other deteriorationeconomic instability or civil unrest the COVID 19 pandemic or the emergence of various variants of the virus or other epidemics, and government lockdowns or other measures implemented in response thereto, and RussiaUkraine conflict; manufacturing capacity constraints or supply chain disruptions which may impact our ability to deliver our products or the price of components, which may increase our costs, as well as impact demand for our products from customers who are also affected by such capacity constraints or disruptions; the impact of competitive products and prices; timely design acceptance by our customers; timely introduction of new products and technologies; ability to move new products into volume production; industry-wide changes in the supply and demand for semiconductor products; industry and/or corporate overcapacity or supply constraints; efficient and cost-effective use of manufacturing capacity; financial stability in foreign markets and the impact of exchange rates; unforeseen costs and expenses or the inability to identify expenses that can be eliminated; compliance with U.S. and international trade and export laws and regulations by us, our customers, and our distributors, including those related to the RussiaUkraine conflict; modification or ratification of local or international laws and regulations, including those relating to the environment, health and safety; public health issues, including the COVID-19 pandemic or the emergence of various variants of the virus; other business interruptions that may disrupt the supply, delivery or demand of Magnachip’s products, including uncertainties regarding the impacts of the COVID-19 pandemic or the emergence of various variants of the virus that may lead to plant closures, reduced workforcescarcity of raw materials and goods produced in infected areas, as well as reduced consumer and business spending affecting demand for Magnachip’s products due to mandatory government and private sector business closures, travel restrictions or otherwise to prevent the spread of disease; and other risks and uncertainties and the factors identified under “Risk Factors” in Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the Quarter Ended June 30, 2022, and updated in subsequent reports filed by the Company with the United States Securities and Exchange Commission and/or made available on our website. These reports are available at www.magnachip.com Where www.sec.gov. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events.

About Magnachip Semiconductor

magnachipe is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, computer, industrial and automotive applications. The company offers a wide range of standard products to customers all over the world. magnachipe, with over 40 years of operating experience, has a portfolio of approximately 1,100 filed patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through Magnachip’s is not part of, and is not incorporated into, this version.

CONTACT:

Yujia Zhai

The blue t-shirt Band

Such. (860) 214-0809

Yujia@blueshirtgroup.com

Quote Show original content to download multimedia:https://www.prnewswire.com/news-releases/magnachip-announces-expanded-stock-repurchase-program-301622018.html

SOURCEMagnachip Semiconductor Corporation

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Superior Plus Corporation declares monthly dividend of $0.06 per share (TSE:SPB) https://sweetasabiscuit.com/superior-plus-corporation-declares-monthly-dividend-of-0-06-per-share-tsespb/ Sun, 11 Sep 2022 05:05:09 +0000 https://sweetasabiscuit.com/superior-plus-corporation-declares-monthly-dividend-of-0-06-per-share-tsespb/ According to data provided by Zacks, Superior Plus Corp. (TSE: SPB-Get Rating) made its regular dividend payment on September 8. On Monday, October 17, shareholders with their names and addresses on record through Friday, September 30, will be eligible to receive a dividend payment of $0.06 per share. This payment will be made to shareholders […]]]>

According to data provided by Zacks, Superior Plus Corp. (TSE: SPB-Get Rating) made its regular dividend payment on September 8. On Monday, October 17, shareholders with their names and addresses on record through Friday, September 30, will be eligible to receive a dividend payment of $0.06 per share. This payment will be made to shareholders whose names and addresses were on file as of Friday, September 30. Calculated on an annualized basis, this translates to a dividend payment of $0.72 per month and a dividend yield of 6.55% for the company. September 29, which is a Thursday, is the date that will mark the start of “ex-dividend” status for this dividend. When trading began on Friday, a single Superior Plus share was worth C$10.99. The stock price is currently trading at C$11.54 per share, which is above the 50-day moving average price of $11.27 and the 200-day moving average price. The company’s market value is comparable to C$2.22 billion and its price-to-earnings ratio is 366.33. This illustration provides a debt ratio equal to 116.45, a quick ratio equal to 0.66 and a current ratio equal to 1.14.

Over the past year and a half, the price of a bottle of Superior Plus ranged from $10.75 to $15.06, depending on market conditions. Just recently, several equity research analysts released the results of their previous surveys of the company. In a public research note on Thursday, August 11, Scotiabank indicated that it would lower its target price for Superior Plus, which had previously been set at C$13.00, to C$12.50. Canaccord Genuity Group said in a May 16 research note that it had raised its price target for Superior Plus from C$13.50 to C$14.00. The announcement was made about the recent performance of Superior Plus. In a research note released Thursday, July 21, CIBC lowered its target price for Superior Plus from CA$13.50 to CA$13.25. The final and most important adjustment has been made here. The stock was recommended for buy by seven financial analysts working for credible organizations, while only two analysts made the suggestion to hold the stock. According to MarketBeat.com, the company is currently rated as having a “moderate buy” consensus. Its price target should soon reach CA$13.98 on average.

On Monday, June 20, an insider at Marquard & Bahls AG purchased 25,900 shares of the company. This transaction took place on the trading day. This is yet another turn of events. It costs $288,588.16 to buy all the shares, which works out to an average price of C$11.14 per share. As a result of the transaction, the insider will now directly own 36,671,764 shares of the company. Based on the current share price, these shares are worth approximately $408,611,463.19. Additionally, people who worked for the company purchased a total of 34,300 shares in the last fiscal year, bringing in the sum of $382,530. Power distribution is what Superior Plus Corporation focuses on as a business area. Propane Distribution in the United States and Propane Distribution in Canada are the names of the two divisions under which it operates. Propane, fuel oil and a wide variety of other liquid fuels are just a few of the products sold and distributed by the US propane distribution industry in California, the northeastern United States, the south- eastern and midwestern United States.

Other states in this region include:
MarketBeat tracks the most reputable and successful research analysts working on Wall Street and the companies these analysts recommend to their clients daily. MarketBeat also tracks the companies that these analysts study closely. There is no mention of Superior Plus on the list of five companies that well-known industry experts are surreptitiously promoting to their consumers as companies their customers should buy immediately before the public market goes down. to what they do. Even though Superior Plus is now ranked as a “moderate buy” by industry professionals, analysts with a high level of experts believe that the five companies listed below are superior buys.

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