Meme Stocks Made Him a Fortune. Now He's Betting on Flying Taxis.
Mudrick specializes in distressed companies, often established businesses that have fallen out of favor. But when late last year he became the biggest shareholder of a British aerospace startup and forced out its founder, he was making a long-shot play on a futuristic industry that for years has seemed just around the corner—yet still hasn't arrived.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
33 minutes ago
- Yahoo
NKT AS (NRKBF) Q2 2025 Earnings Call Highlights: Record EBITDA and Upgraded Revenue Guidance ...
Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points NKT AS (NRKBF) achieved a historic milestone with operational EBITDA exceeding 100 million for the first time, marking a 22% increase from the previous year. The company reported a strong organic growth of 13% in Q2 2025, driven by high activity levels across all business lines. Revenue guidance for 2025 has been upgraded, with expectations now set between 2.65 to 2.75 billion, up from the previous range of 2.33 to 2.52 billion. The acquisition of Solidal contributed positively to revenue and operational performance, particularly in the applications business line. NKT AS (NRKBF) is making solid progress on its capacity expansion projects, with new facilities expected to be operational by 2027, supporting long-term growth ambitions. Negative Points The construction-related segment remains subdued, with volumes and prices still below the previous year's levels, despite slight improvements. Variation orders, while contributing to revenue, are executed at lower margins, impacting overall profitability. Free cash flow for Q2 2025 was negative, driven by changes in working capital and high investment levels. The company's net result decreased to 54 million from 75 million in the same period last year, partly due to the absence of one-time gains from divestments. The high voltage order backlog decreased slightly as orders were executed, and no conversion of the 3.5 billion booking commitments is expected within the year. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with NRKBF. Q: Can you provide more details on how variation orders impacted margins in Q2 and the full-year guidance? A: Variation orders typically have a nominal positive impact on NKT, as they provide returns without increasing capital employed. However, the margin impact depends on the complexity and foresight of the orders. Complex scopes carry better margins, while unforeseen or low-complexity scopes may have lower margins. It's challenging to provide specific guidance on the total impact on the business line. (Respondent: CEO Klaus Westerland) Q: Regarding the pipeline conversion, what should we expect for the second half of this year and next year? A: We don't expect any conversion of the 3.5 billion order commitments to backlog for the remainder of this year, but potential conversion is expected in the coming years. We anticipate some larger awards in the coming months, although we refrain from speculating on winning them. (Respondent: CEO Klaus Westerland) Q: Is there a positive impact on pricing in the solutions backlog, excluding variation orders, as we move into 2026? A: There is no material impact from pricing changes in the second quarter. The significant impact from transitioning from legacy to more recent projects will occur in 2027, both for existing assets and new assets coming online. (Respondent: CEO Klaus Westerland) Q: Can you elaborate on the competition in the medium voltage segment and any changes from Q1 to Q2? A: In Q1, we noted increased competition in selected pockets. During Q2, we observed an easing of that pressure, resulting in a sequential improvement compared to Q1. (Respondent: CEO Klaus Westerland) Q: What regions or TSOs are likely to launch larger tenders in the high voltage market in the second half? A: While we are cautious about being too specific, we expect the UK to be a strong market this year. We anticipate tenders being firmly awarded to the market, converting into backlog with suppliers. (Respondent: CEO Klaus Westerland) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
42 minutes ago
- Yahoo
Cireson Announces Winners of the 2025 ITSM Awards
Honoring innovation, collaboration, and service excellence across the ITSM community SAN DIEGO, Aug. 18, 2025 /PRNewswire/ -- Cireson, a leading provider of IT Service Management solutions built natively for Microsoft 365, is proud to announce the winners of the 2025 Cireson ITSM Awards. Now in its second year, the program recognizes organizations using Tikit and the Cireson Service Manager Portal to deliver exceptional IT support, improve service experiences, and drive meaningful change within their organizations. "We created the Cireson ITSM Awards to spotlight the creativity and commitment of our customers," said Paul Sutton, co-founder of Cireson. "This year's winners are leading the way—proving that great service, smart automation, and bold ideas can transform the employee support experience." The 2025 winners are: Best Automation or Integration (TIE)A2 Global ElectronicsBy leveraging Tikit and collaborating closely with the Cireson Customer Success team, A2 Global Electronics developed a robust quoting and tasking system that spans departments and continents. Their innovative use of Power Automate and custom lifecycles streamlines global quote requests, integrates with internal systems, and delivers performance insights—resulting in a faster, more reliable process for sales and support teams alike. "A2 Global Electronics is excited to receive this award in recognition of our partnership with Cireson and the great systems that we have put into place to support our business needs," said Jake Cook, Director of Business Support. "This award is a direct result of a significant amount of work from both A2 and the team at Cireson to create a customized solution to our operational needs. This solution has greatly improved our operational visibility within our electronics testing business and created a force multiplier for our resources within the organization." Department of Social Protection (Ireland)The Department's Service Management team, including Leonard O'Neill and Fergal O'Rourke, built a fully integrated software request process using the Cireson Service Manager Portal. Their centralized solution simplifies software lifecycle management, supports organization-wide auditing, and ensures seamless user experiences across the department. "Receiving this award highlights the hard work our Service Management team has put into streamlining software requests for staff in the Department of Social Protection," said Sandra Geoghegan, Service Management, DSP. "By creating an innovative solution to integrate the Approved Software Register with the Cireson Self Service Portal, we've been able to make the process easier, faster, and more transparent for our users." Best Multi-Department ExperienceA2 Global ElectronicsA2 extended its QTS/PTS system across its global sales, business support, and testing lab teams to deliver region-specific support while maintaining visibility and consistency. They've also expanded Tikit use to their customer service department, successfully aligning multiple teams under a single, flexible service management solution. "This award highlights our organizational transformation and is just the starting point for innovations within our organization using the Tikit solution," said Jake Cook, Director of Business Support. Best Custom BrandingHarwoods GroupHarwoods Group brought character and creativity to IT support with their custom branding, "Sir Helps A Lot"—a knight-inspired persona that transforms IT interactions into an engaging, story-driven experience that is also uplifting, clever, and uniquely Harwoods. "Sir Helps A Lot" is an extension of the company's brand and doesn't just support users—he rescues them. The character is integrated across Tikit and the Cireson Service Manager Portal, creating a unified and memorable journey for users across the organization. "We are genuinely thrilled to receive the 2025 Cireson ITSM Award for Best Custom Branding," said Paul Smith, Business Support Director. "Creating Sir Helps A Lot has been a fun and rewarding journey, and it's great to see that creativity recognised. Geoff and Cireson have been brilliant partners in helping us bring this idea to life—and the product is pretty good too." Best ITSM ProcessThe Learning Enrichment FoundationThe IT team at the Learning Enrichment Foundation (LEF) undertook a full transformation of its service management strategy to streamline support and increase visibility. They paired a strategic rollout, which prioritized stakeholder feedback and user onboarding, with the adoption of ITIL best practices to improve communication, reduce resolution times, and foster a culture of continuous improvement. By integrating a structured yet user-friendly system, LEF increased visibility, efficiency, and user satisfaction—demonstrating how a nonprofit can successfully transform IT operations to better support organizational goals and community impact. "We are truly honored and thrilled by this recognition," said Luis Allegretti, Senior Manager IT. "Winning this award shows how far we've come in transforming IT support at the Learning Enrichment Foundation. It highlights the dedication, hard work, and innovation of our entire team. Working with Cireson has been pivotal in achieving our goals, and we are excited about the future possibilities." About CiresonSince 2011, Cireson has been the pioneer in developing world-class IT Service Management solutions for Microsoft-first organizations. As a global Microsoft Premier Partner, we build modern service desk tools that integrate natively with technologies like Entra, Azure OpenAI, Intune, Power Automate, Power BI, System Center, and Microsoft Teams—so IT teams can streamline support, reduce costs, and get more from their Microsoft investment. Built for Microsoft. Ready for more at View original content to download multimedia: SOURCE Cireson


Associated Press
an hour ago
- Associated Press
World Mattress Industry Report 2025, with Detailed Profiles of the 35 Leading Mattress Manufacturers
DUBLIN--(BUSINESS WIRE)--Aug 18, 2025-- The 'World Mattress Industry 2025" report has been added to offering. The World Mattress Industry, offers a comprehensive picture of the global mattress sector through the latest data and key trends: An executive summary introduces the research and examines global, regional, and country mattress industry dynamics, identifying key mattress market drivers. It then explores the trends in the online channel alongside production development and addresses the impact of globalisation, nearshoring, trade tensions, and sustainability. A forward-looking market outlook for 2025 and 2026, a snapshot of the competitive system in the mattress industry, and insights into recent M&A deals and companies' strategies are also provided. WORLD MATTRESS MARKET INDICATORS The first section of the report offers a complete picture of the global mattress sector, with market forecast estimates up to 2026. It focuses on market size, trade flows, and production trends. The report analyses the mattress market in 50 major countries, with a comparative overview including: KEY COUNTRIES IN THE GLOBAL MATTRESS SECTOR The first part of this chapter offers a detailed analysis of the Top 20 countries in the world mattress sector (Australia, Belgium, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Poland, Portugal, South Korea, Spain, Sweden, Turkiye, United Kingdom, United States, Vietnam). For each country: For further 30 countries (Argentina, Austria, Bulgaria, Chile, Croatia, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Indonesia, Ireland, Kuwait, Latvia, Lithuania, Malaysia, Netherlands, Norway, Philippines, Romania, Russia, Saudi Arabia, Serbia, Slovakia, South Africa, Switzerland, Taiwan (China), Thailand, United Arab Emirates), the study provides: THE WORLD'S LEADING MATTRESS MANUFACTURERS Detailed profiles of the 35 world-leading mattress manufacturers including company information (company name, headquarters, general contact info), financial highlights and sales performance, manufacturing activity (plants and production strategies). The report covers around 660 companies overall. What is the scope of 'The World Mattress Industry' report? This study aims to analyse the current status and the perspectives of the global mattress sector by answering the following questions: Selected companies A selection of companies featured in this report includes: For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: RETAIL HOME GOODS SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 08/18/2025 02:18 PM/DISC: 08/18/2025 02:18 PM