Lab-Grown Meat Soon on Australia's Menus After Approval
Australia has approved the sale of slaughter-free Japanese quail, becoming only the third country in the world to permit the sale of meat cultivated from animal cells.
Sydney-based startup Vow will offer products made from quail cells at local restaurants within weeks, it said in a statement. That follows an amendment to Australia's food standards code published Wednesday after a years-long assessment.
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While institutions own 38% of Fleetwood Limited (ASX:FWD), retail investors are its largest shareholders with 48% ownership
The considerable ownership by retail investors in Fleetwood indicates that they collectively have a greater say in management and business strategy A total of 16 investors have a majority stake in the company with 50% ownership Insiders own 10% of Fleetwood We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To get a sense of who is truly in control of Fleetwood Limited (ASX:FWD), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 48% to be precise, is retail investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And institutions on the other hand have a 38% ownership in the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Let's delve deeper into each type of owner of Fleetwood, beginning with the chart below. View our latest analysis for Fleetwood Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Fleetwood already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Fleetwood's historic earnings and revenue below, but keep in mind there's always more to the story. Fleetwood is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Sandon Capital Investments Limited with 9.2% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.2% and 6.5% of the stock. A closer look at our ownership figures suggests that the top 16 shareholders have a combined ownership of 50% implying that no single shareholder has a majority. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. It seems insiders own a significant proportion of Fleetwood Limited. Insiders have a AU$26m stake in this AU$249m business. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Fleetwood. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand Fleetwood better, we need to consider many other factors. For instance, we've identified 3 warning signs for Fleetwood that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
