More than $2 million price tag as 135-year-old Braidwood hotel comes up for sale
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Judge set to rule on High Court challenge over Wimbledon expansion
Campaigners are due to discover whether they have been successful in a legal challenge against the decision to approve plans to almost triple the size of the Wimbledon tennis site on Monday. Barristers for Save Wimbledon Park (SWP) told the High Court earlier this month that the Greater London Authority (GLA)'s decision to approve the plans last year was 'irrational'. The All England Club's proposal would see 38 new tennis courts and an 8,000-seat stadium built on the grounds of the former Wimbledon Park Golf Club. The GLA and the All England Club are defending the challenge, with barristers for the authority describing the decision as a 'planning judgment properly exercised'. Mr Justice Saini is set to hand down his ruling at 2pm on Monday. The plans were first submitted to both Merton and Wandsworth councils, with the park straddling the boroughs, in 2021, after the All England Club bought out golf club members with the intention of developing the land. In addition to the courts and associated infrastructure, seven maintenance buildings, access points, and an area of parkland with permissive public access would be constructed. The proposals also include work on Wimbledon Lake, which would involve building a boardwalk around and across it. After Merton Council approved the plans, but Wandsworth Council rejected them, the Mayor of London's office took charge of the application, but Mayor Sir Sadiq Khan recused himself from the process after previously expressing public support for the development. Planning permission for the scheme was granted by Jules Pipe, London's deputy mayor for planning, who said that the proposals 'would facilitate very significant benefits' which 'clearly outweigh the harm'. But a two-day hearing in London heard that the decision to grant planning permission was unlawful as Wimbledon Park – a Grade II*-listed heritage site partly designed by Lancelot 'Capability' Brown – was covered by restrictions on how it could be used. Sasha White KC, for SWP, said in written submissions that the land was subject to a 'statutory trust requiring it to be kept available for public recreation use' and that when the freehold was acquired, the club entered into 'restrictive covenants' governing its use. In court, the barrister said: 'You could not have a more protected piece of land within the planning system, frankly.' Mark Westmoreland Smith KC, for the GLA, said in written submissions that Mr Pipe received 'detailed advice' over the 'relevance' of the 'alleged' trust and covenants, and made his decision on the assumption that they existed. The barrister said that the decision was a 'planning judgment properly exercised and having regard to the appropriate and relevant factors'. Russell Harris KC, for the All England Club, said that planning officers 'acknowledged and had regard to' the trust and covenants, but deemed they were not 'material'.
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Public companies own 32% of Aeris Resources Limited (ASX:AIS) shares but individual investors control 49% of the company
Key Insights Aeris Resources' significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public 50% of the business is held by the top 15 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business 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 Aeris Resources Limited (ASX:AIS), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are individual investors with 49% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Meanwhile, public companies make up 32% of the company's shareholders. Let's delve deeper into each type of owner of Aeris Resources, beginning with the chart below. See our latest analysis for Aeris Resources What Does The Institutional Ownership Tell Us About Aeris Resources? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Aeris Resources does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Aeris Resources' historic earnings and revenue below, but keep in mind there's always more to the story. Aeris Resources is not owned by hedge funds. The company's largest shareholder is Washington H. Soul Pattinson and Company Limited, with ownership of 31%. In comparison, the second and third largest shareholders hold about 8.5% and 4.8% of the stock. Additionally, the company's CEO Willie Labuschagne directly holds 0.7% of the total shares outstanding. After doing some more digging, we found that the top 15 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Insider Ownership Of Aeris Resources The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own some shares in Aeris Resources Limited. In their own names, insiders own AU$6.2m worth of stock in the AU$184m company. Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling. General Public Ownership The general public, who are usually individual investors, hold a 49% stake in Aeris Resources. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Private Company Ownership We can see that Private Companies own 10%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. Public Company Ownership Public companies currently own 32% of Aeris Resources stock. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Aeris Resources is showing 1 warning sign in our investment analysis , you should know about... Ultimately the future is most important. You can access this free report on analyst forecasts for the company. 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
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Caitlin Clark 'progressing,' but not expected to return for Fever's second-half opener on Tuesday
Caitlin Clark continues to have an uncertain timetable to return from her groin injury. Indiana Fever head coach Stephanie White told reporters Sunday that the Fever star is unlikely to play when the team resumes its season on Tuesday and that she will undergo additional testing, per ESPN's Alexa Philippou. White reportedly said the team hopes to have a more clear timeline after the testing. From ESPN: "I think she's progressing," White said. "I think that we're continuing to address everything that needs to be addressed ... I don't expect her to be available on Tuesday, so we're just going to continue to take it one day at a time and let her get her evaluations early this week." Clark has been out since aggravating her groin injury last Tuesday, the latest frustration in a disappointing season so far for the WNBA's biggest ratings draw. She missed five games between May and June with a quad injury, then four games with the original groin injury in late June. The latest injury caused her to miss both the WNBA All-Star Game and 3-point contest, in which she figured to be the marquee attraction. The Fever hosted the All-Star festivities for the first time in the franchise's 26-year history and Clark's face was plastered throughout Indianapolis. With its namesake and starter Sabou Sabally out, Team Clark was blown out by Team Collier in the All-Star Game. New York Liberty star Sabrina Ionescu emerged victorious in the 3-point contest. At 12-11, the Fever sit in sixth-place in the overall WNBA standings, but are just a game and a half away from dropping out of the eight-team playoff field entirely. Indiana broke the league's longest playoff drought last year in Clark's historic rookie season, but was hoping to take a major step forward this year after the addition of veteran talent like Natasha Howard, Sophie Cunningham and DeWanna Bonner (not all of them worked out). It's hard to imagine a serious run for the Fever without a 100% Clark, and we should have a better idea of how feasible that is after her testing this week.
