logo
GeoPark's Shareholder Plan Creates Opening to Thwart Hostile Bid

GeoPark's Shareholder Plan Creates Opening to Thwart Hostile Bid

Bloomberg04-06-2025
Latin American oil and gas producer GeoPark looks to be making moves to defend itself form a hostile takeover after a rival energy firm took a large stake in the company.
In a shareholder rights plan announced on Tuesday, Bogotá-based GeoPark adopted a mechanism for rights to become exercisable if an entity or person acquires ownership of 12% or more in the company. The move follows a recent SEC filing by Pampa Energy Inc., which reported a 10.17% holding in GeoPark.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

St James's Place PLC (STJPF) (H1 2025) Earnings Call Highlights: Record Growth and Strategic ...
St James's Place PLC (STJPF) (H1 2025) Earnings Call Highlights: Record Growth and Strategic ...

Yahoo

time35 minutes ago

  • Yahoo

St James's Place PLC (STJPF) (H1 2025) Earnings Call Highlights: Record Growth and Strategic ...

New Client Investments: GBP10.5 billion in the first half of 2025. Net Inflows: GBP3.8 billion, double the net inflows of the first half of 2024. Funds Under Management (FUM): Record GBP198.5 billion as of June 30, 2025. Underlying Cash Result: GBP240.4 million, a 17% increase from the first half of 2024. Retention Rate: 95.3%, with improved surrender rates. Post-Tax Release from Ongoing Service Evidence Provision: GBP63.4 million, to be returned to shareholders via a share buyback. Shareholder Net Assets Above Management Solvency Buffer: GBP966.3 million. Interim Dividend: GBP0.06 per share, totaling GBP32.1 million. Total Share Buyback: GBP95.5 million, including the release from the Ongoing Service Evidence provision. Implementation Costs for New Charging Structure: GBP38.1 million post-tax in the first half of 2025. Controllable Expenses: Increased by 7% to GBP155 million, with full-year growth contained to 5%. Warning! GuruFocus has detected 4 Warning Signs with SAMG. Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points St James's Place PLC (STJPF) reported double-digit earnings growth and record funds under management for the first half of 2025. The company achieved net inflows of GBP3.8 billion, double the net inflows from the first half of 2024. Retention rates improved to 95.3%, reflecting a modest improvement in surrender rates compared to the previous year. The underlying cash result increased by 17% to GBP240.4 million, driven by higher funds under management and cost management. The company is on track to implement a new charging structure, expected to enhance transparency and future income growth. Negative Points The economic environment remains challenging with sluggish growth, volatile stock markets, and geopolitical tensions affecting consumer confidence. The company anticipates a dip in profitability for the remainder of 2025 and 2026 due to the new charging structure. Implementation costs for the new charging structure were significant, totaling GBP38.1 million post-tax in the first half. The ongoing service evidence review is a lengthy process, expected to take 2 to 3 years to complete. Despite strong performance, there is uncertainty in the macroeconomic environment, which could impact future growth. Q & A Highlights Q: There was a significant improvement in the cash margin from new business in H1. Can you explain why this occurred, especially since this margin has been declining in recent years? A: Caroline Waddington, CFO: The margin on new business increased due to a 23% rise in gross inflows and operational leverage, where not all costs are directly proportional to business growth. This resulted in positive operating leverage. Q: Was there any change in adviser headcount or departures in H1, especially with the upcoming new charging structure? A: Mark Fitzpatrick, CEO: There was no significant change in adviser headcount or departures. Advisers have been busy focusing on clients amid market volatility and geopolitical uncertainty. We continue to support advisers with technology to enhance productivity. Q: How many trainees graduated from the academy in H1, and how many are currently enrolled? A: Mark Fitzpatrick, CEO: While specific numbers aren't available, the academy remains crucial for SJP and the industry. We continue to attract new joiners, focusing on quality and diversity, including more women entering the profession. Q: Can you discuss the testing and readiness for the new charging structure implementation on August 26th? A: Mark Fitzpatrick, CEO: Extensive testing, including a dress rehearsal, has been conducted. Clients have been informed, and we are confident in a smooth transition. July and August are typically quieter months, but advisers remain busy due to the advice gap. Q: What is your stance on the FCA's targeted support initiative, and are you considering any changes to your face-to-face advice model? A: Mark Fitzpatrick, CEO: We support the FCA's initiative, which is positive for the industry. While we remain committed to face-to-face advice, targeted support could be an on-ramp for individualized advice without cannibalizing our business. Q: Regarding the provision release, how much was due to FCA guidance changes versus experience? Will there be future reassessments? A: Caroline Waddington, CFO: The provision release considered both FCA guidance and experience. We will continue to reassess as the program progresses, but the current estimate is based on the best available data. Q: What drove the improvement in net flows in Q2, and is there any impact from the upcoming fee structure changes? A: Mark Fitzpatrick, CEO: Increased client engagement, government discussions on ISAs, and changes in inheritance tax treatment contributed to improved flows. While fee structure changes may have a minor impact, the primary drivers are broader market factors. Q: Can you provide more details on the Polaris Multi-Index initiative and its potential impact on margins? A: Mark Fitzpatrick, CEO: Polaris Multi-Index is expected to be additive, offering clients index-tracking options. While specific margin details will follow regulatory approval, we believe it will benefit clients, advisers, and shareholders without altering our margin guidance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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

Silvercrest Asset Management Group Inc (SAMG) Q2 2025 Earnings Call Highlights: Record AUM and ...
Silvercrest Asset Management Group Inc (SAMG) Q2 2025 Earnings Call Highlights: Record AUM and ...

Yahoo

time35 minutes ago

  • Yahoo

Silvercrest Asset Management Group Inc (SAMG) Q2 2025 Earnings Call Highlights: Record AUM and ...

Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Discretionary assets under management (AUM) increased by $1 billion during the second quarter, reaching $23.7 billion, a 4.4% sequential increase and a 9.7% year-over-year increase. Total AUM hit a new high of $36.7 billion, indicating strong market performance and potential for future revenue growth. Silvercrest added $80 million in organic new client accounts during the quarter and $500 million in new client accounts in the first half of 2025, marking strong organic growth. The company completed a $12 million stock repurchase program and announced a new $25 million buyback program, demonstrating a commitment to returning capital to shareholders. The board approved a 5% increase in the quarterly dividend, reflecting confidence in the company's financial health and commitment to shareholder returns. Negative Points Net flows were negative despite the increase in discretionary AUM, indicating challenges in retaining or attracting new client funds. Revenue for the quarter decreased by $0.3 million or 1% year-over-year, primarily due to a decrease in the average annual management fee rate. Expenses increased by 3.7% year-over-year, driven by higher compensation and benefits expenses, as well as general and administrative expenses. The company experienced a decrease in cash and cash equivalents, from $68.6 million at the end of last year to $30 million as of June 30th. The pipeline for the OCIO business has weakened, and the company acknowledges it could be stronger, indicating potential challenges in this segment. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with SAMG. Q: Can you talk about the pipeline and the global value composite performance numbers? A: Rick Huff, Chairman and CEO: We hired a team for the global value equity strategy about a year ago and have been building it out. We've added analysts, trading, and marketing support. The pipeline we can measure is about $200 million, which has doubled since last quarter, but the actual potential is much larger. The performance is excellent, and we are optimistic about future growth. Q: Can you provide details on the $15.3 million stock buyback, such as the average price or number of shares? A: Rick Huff, Chairman and CEO: We have been more aggressive in repurchasing stock, completing $15.3 million in buybacks. We are happy with the prices at which we bought back shares, although we haven't disclosed the average price. The average price is below the current trading price. Q: Are there any potential acquisitions or team hires on the horizon? A: Rick Huff, Chairman and CEO: We are always in discussions, but deals aren't done until finalized. The market is expensive, but we are looking for firms with an ultra-high-net-worth audience compatible with our culture. We are also considering lift-outs, which have become more feasible recently. Q: How is the revenue mix shift affecting the business, and what are your expectations for operating leverage? A: Rick Huff, Chairman and CEO: The shift is mainly due to institutional mandates with lower AUM. We expect the basis points for AUM to decrease as we grow in the institutional market. Operating leverage will take time as we continue hiring and expanding, but we anticipate significant leverage once flows continue and hiring slows. Q: How is the OCIO business pipeline, and will it contribute more to the overall mix? A: Rick Huff, Chairman and CEO: The OCIO pipeline has decreased but includes a $100 million final in the next quarter. We previously won a $300 million family office mandate. While the pipeline could be stronger, we are actively working to build it. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

Inari Amertron Berhad's (KLSE:INARI) earnings have declined over year, contributing to shareholders 39% loss
Inari Amertron Berhad's (KLSE:INARI) earnings have declined over year, contributing to shareholders 39% loss

Yahoo

timean hour ago

  • Yahoo

Inari Amertron Berhad's (KLSE:INARI) earnings have declined over year, contributing to shareholders 39% loss

While it may not be enough for some shareholders, we think it is good to see the Inari Amertron Berhad (KLSE:INARI) share price up 13% in a single quarter. But that doesn't change the reality of under-performance over the last twelve months. The cold reality is that the stock has dropped 41% in one year, under-performing the market. The recent uptick of 6.5% could be a positive sign of things to come, so let's take a look at historical fundamentals. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Unfortunately Inari Amertron Berhad reported an EPS drop of 29% for the last year. The share price decline of 41% is actually more than the EPS drop. This suggests the EPS fall has made some shareholders more nervous about the business. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. A Different Perspective While the broader market lost about 3.7% in the twelve months, Inari Amertron Berhad shareholders did even worse, losing 39% (even including dividends). Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Longer term investors wouldn't be so upset, since they would have made 2%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Inari Amertron Berhad that you should be aware of. Of course Inari Amertron Berhad may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Malaysian exchanges. 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store