Alberta Pension Looks For New CIO Amid Push to Expand Calgary Office
Alberta Investment Management Corp. is hunting for a new chief investment officer as it carries out an overhaul that began last year when the provincial government fired the board and its top executive.
The new CIO would be based in Calgary, the largest city in Alberta and the home of Canada's major oil and gas companies. Edmonton-based Aimco is considering both internal and external candidates, according to people familiar with the matter, asking not to be identified because they weren't authorized to speak publicly.
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This FTSE 250 stock has a PEGY ratio of just 0.62, but there are some reasons to be cautious
Lion Finance Group (LSE:BGEO), formerly Bank of Georgia, is a FTSE 250-listed banking group. Many investors will know it because of the phenomenal growth it's achieved in recent years. It may even be realistic to assume this Tbilisi-based bank could be on the FTSE 100 in a few years. Let's take a closer look at this stock. Banks typically reflect the health of the economies they serve, hence why they're typically cyclical in nature. The Georgian economy's been one of the fastest growing in Europe since the pandemic and the stock's surged from lows when Russia invaded Ukraine. While investors were, at first, concerned Georgia may be drawn into the conflict, the country's neutrality has positioned the economy well. The forecasts, while noting a dip in earnings in 2025, suggest a strong onward trajectory. Over the three years from 2024 to 2027, the annualised earnings per share (EPS) growth rate's about 3.5%, reflecting both the temporary setback and the recovery that follows. For investors, it's helpful to look at the dividend adjusted price-to-earnings-to-growth-yield (PEGY) ratio. This compares the company's valuation to its expected growth and dividend yield. Lion Finance's forward price-to-earnings (P/E) ratio for 2025 is 4.94. When this is divided by the combined annualised EPS growth rate (3.5%) and the dividend yield (4.5%), the PEGY ratio is 0.62. A PEGY below one suggests that, even after accounting for the slower growth in 2025, the shares offer good value relative to their growth and income potential. This means that, for investors seeking both capital appreciation and dividend income, Lion Finance Group could be an interesting long-term opportunity. I sold my shares in Lion Finance Group after a good run, but I was concerned about geopolitics. For starters, banks, like other stocks, typically have valuations linked to the countries and sectors they serve. US banks are typically the most expensive given the long-term outperformance of the US economy. British banks, now resurgent, are less expensive than their American counterparts, but more expensive than their emerging market peers. As such, we shouldn't be overly surprised to see this Georgian bank trading at almost a 50% valuation discount to British counterparts. Georgia, even before the recent turmoil, doesn't offer the relative safety and security of the UK — in investment terms. What's more, Georgia has experienced ongoing protests over the past nine months following a hotly contested election. And this is important because as investors we want stability. Businesses, especially banks, perform better when economies look stable. A perfect example is the UK with the country's fortunes improving over the past two-and-a-half years and the valuation of banking stocks surging. In other words, Lion Finance may be cheap for a reason. But that doesn't mean it's not worth considering. The post This FTSE 250 stock has a PEGY ratio of just 0.62, but there are some reasons to be cautious appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
3 hours ago
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The China Fund, Inc. Announces Board Approval of Plan of Liquidation
BOSTON, June 20, 2025 (GLOBE NEWSWIRE) — The China Fund, Inc. (NYSE: CHN) (the 'Fund') announced today that its Board of Directors (the 'Board') has approved a plan of liquidation and dissolution (the 'Plan') for the Fund. The Plan will be submitted to Fund stockholders for approval at a Special Meeting. The date of the Special Meeting and more detailed information about the proposed liquidation and Plan will be set forth in a proxy statement to be mailed to the Fund's stockholders in the near future. The Board recommends that the Fund's stockholders vote for the liquidation of the Fund at the Special Meeting. In determining to liquidate the Fund, the Board considered a variety of factors including, among others, prevailing geopolitical and market conditions, the size of the Fund, the trading volume of the Fund's shares, the Fund's discount to net asset value, and the availability of competing open-end products, such as exchange-traded funds. The Board also considered alternatives, including converting the Fund into an open-end management investment company. On balance, the Board determined that the liquidation of the Fund is in the best interests of the Fund and its stockholders. The Fund intends to file a proxy statement with the U.S. Securities and Exchange Commission (the 'SEC') with respect to the proposal to liquidate the Fund. As noted, copies of the Fund's proxy statement will also be mailed to each stockholder of record of the Fund. Upon receipt, stockholders are advised to read the Fund's proxy statement as it will contain important information. Once filed with the SEC, the proxy statement will be available free of charge on the SEC website, This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's regulatory filings, which are available free of charge on the SEC's website. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Any data and commentary provided in this press release are for informational purposes only. The Fund is a closed-end management investment company. The Fund's investment manager is Matthews International Capital Management, LLC. For further information regarding the Fund, please call (888)-CHN-CALL or visit the Fund's website at The information contained on the Fund's website is not part of this press release. Copies of the Fund's complete audited financial statements are available free of charge upon request. Investments involve risk, including possible loss of principal, and an investment should be made with an understanding of the risks involved with owning a particular security or asset class. Interested parties are strongly encouraged to seek advice from qualified tax and financial experts regarding the best options for your particular circumstances. Contact Julian ReidChairman of the BoardThe China Fund, Inc. +44 7768 068200
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3 hours ago
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High Arctic Announces Annual General and Special Meeting Results
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, June 20, 2025 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (the 'Corporation' or 'High Arctic') is pleased to announce the results of the annual general and special meeting of the shareholders of High Arctic held on June 19, 2025 (the 'Meeting'). 32 shareholders holding a total of 8,570,252 common shares of the Corporation were represented at the Meeting in person or proxy, representing approximately 67.50% of the total votes attached to all issued and outstanding common shares of the Corporation as of the record date on May 12, 2025. All matters put forth at the Meeting were approved. In respect of the election of directors, the shareholders approved fixing the number of directors at four with each nominee named in the Corporation's management information circular dated May 26, 2025 being considered for election as directors. The detailed results of the vote for the election of directors, which was conducted by ballot, are set out below: VOTES FOR VOTESWITHHELD/ABSTAINED Simon P. D. Batcup 99.178%(8,340,507) 0.822%(69,126) Michael R. Binnion 98.544%(8,287,182) 1.456%(122,451) Douglas J. Strong 98.600%(8,291,871) 1.400%(117,762) Craig F. Nieboer 99.814%(8,394,020) 0.186%(15,613) At the Meeting, the shareholders also approved a resolution appointing MNP LLP, Chartered Professional Accountants, as auditors of the Corporation and a resolution approving a new omnibus equity incentive plan of the Corporation, to replace the existing stock option plan, performance share unit plan, and deferred share unit plan. About High Arctic Energy ServicesHigh Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information contact: Lonn BateChief Financial Officer P: 587-318-2218P: +1 (800) 688 7143 High Arctic Energy Services 2350, 330 – 5th Ave SWCalgary, Alberta, Canada T2P 0L4website: Email: info@
