Valaris Gets Target Bump from Citi as Offshore Execution Holds Steady
Analyst Scott Gruber pointed to Valaris's modern fleet and a strong slate of recent contract wins as key reasons for the target bump. He noted that while macro softness is still weighing on day rates, Valaris's utilization trends and operational execution offer a base for potential upside once pricing firms.
Oil platform
Valaris (NYSE: VAL) is a pure-play offshore driller with a global fleet of high-spec drillships, semisubmersibles, and jackups. The company serves deepwater markets across the Gulf of Mexico, North Sea, West Africa, and the Middle East, with most of its revenue tied directly to drilling operations.
While we acknowledge the potential of VAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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CBS News
5 minutes ago
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"Historic decision" made as Weld County commits to expand judicial center in Northern Colorado
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So, the county had to explore what their best option would be, including moving all the facilities to what is currently a corn field. Brian Seifried is the founder and CEO of Centennial Hospitality Group. His company owns and operates businesses like Wing Shack, Luna's Tacos & Tequila and Sexy Sammies. Luna's is conveniently, but not coincidentally, located less than a block away from the current courthouse. "Downtown Greeley has so much potential and so much energy," Seifried said. However, when Seifried learned there was a possibility that the complex would be relocated several miles north of Downtown Greeley, it was enough to concern him about his business's viability. "The thought of doing business in Downtown Greeley without all those employees and neighbors in the legal business was a dark one," Seifried said. The prospect of losing foot traffic was real for many business owners, citing concerns that law offices would follow the county employees toward the new proposed location, also taking juries and other visitors away from downtown. However, not everyone was objected to the move. Hunter Hoshiko is a developer with H2 Consultants and was asking the commissioners to consider building on the county land north of the sheriff's office on O Street. "I thought the O Street option was a better option, I farm those fields and know that land very well," Hoshika said. "I thought it brought community, synergy and culture to county." At the Monday morning county commissioner's meeting a team tasked with exploring the county's options for the future of the judicial complex presented three options. Two involved repurposing buildings and land in Downtown Greeley. The third was to move the facility north. The commissioners ultimately voted to go with what they were told was the cheapest option of the three. However, the estimated price difference between the most expensive and cheapest options was presented as $496 million versus $490 million. "Weld County is my home, and Greeley is my home. They are both equally important to me," Hoshiko said. Hoshiko said he was concerned that local businesses in downtown may not be able to easily survive years of construction downtown. "I think a lot of people don't realize what four years of construction does to their businesses. It is going to be very hard. It scares me for a lot of my friends downtown of what those four years and impact will be," Hoshiko said. Commissioner Kevin Ross said the decision to stay in Greeley will be beneficial not only to the county's operations, but it could also be beneficial to the City of Greeley as well and District Six. "What you have today is a really a historic decision. Because this is one of the rare times in history where three public entities are coming to the table together and have the same need," Ross said. With their unanimous vote, the county commissioners gave the green light to the county's staff to move forward with land swaps, acquisitions and more. They will also have to start fielding designs and bids for construction for the new complex which will include construction on the existing property as well as redevelopment of the plot directly west of the current facility. Construction is projected to include development of a new district attorney's office, a new parking garage and more. The county also plans to relocate many offices currently located off of O Street back to Downtown Greeley as part of the project. When the commissioners announced their votes a majority of the visitors in attendance for the meeting applauded, some stood to their feet. Seifried, who was not in attendance, later said he greatly supported the vote outcome. He said he is willing to navigate the possible stresses of construction in the years to come in exchange for a more bustling downtown area with expanded offices. "Construction is the bit of progress that is not fun for anybody. But, that light at the end of the tunnel with the continued investment and new energy in downtown would have been worth it, and we would love to feed some construction workers in the meantime. While there will be some headaches, we are excited for the future," Seifried said.
Yahoo
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Key Insights Harbour-Link Group Berhad's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 2 investors have a majority stake in the company with 53% ownership 24% of Harbour-Link Group Berhad is held by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A look at the shareholders of Harbour-Link Group Berhad (KLSE:HARBOUR) can tell us which group is most powerful. We can see that private companies own the lion's share in the company with 53% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Individual insiders, on the other hand, account for 24% of the company's stockholders. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. In the chart below, we zoom in on the different ownership groups of Harbour-Link Group Berhad. View our latest analysis for Harbour-Link Group Berhad What Does The Institutional Ownership Tell Us About Harbour-Link Group Berhad? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Harbour-Link Group Berhad. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Harbour-Link Group Berhad, (below). Of course, keep in mind that there are other factors to consider, too. Harbour-Link Group Berhad is not owned by hedge funds. Enricharvest Sdn. Bhd. is currently the company's largest shareholder with 32% of shares outstanding. In comparison, the second and third largest shareholders hold about 22% and 10.0% of the stock. Piaw Yong, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board. To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. Insider Ownership Of Harbour-Link Group Berhad The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. 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. Our information suggests that insiders maintain a significant holding in Harbour-Link Group Berhad. Insiders have a RM124m stake in this RM514m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. General Public Ownership The general public, who are usually individual investors, hold a 14% stake in Harbour-Link Group Berhad. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Private Company Ownership We can see that Private Companies own 53%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. Next Steps: It's always worth thinking about the different groups who own shares in a company. But to understand Harbour-Link Group Berhad better, we need to consider many other factors. To that end, you should learn about the 2 warning signs we've spotted with Harbour-Link Group Berhad (including 1 which makes us a bit uncomfortable) . Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials. 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. 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Bloomberg
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Billionaire Ong's HPL Looks to Cut Stakes in Singapore Retail Strip
By and Faris Mokhtar Save The property firm of embattled billionaire Ong Beng Seng is looking to reduce its stakes in two marquee assets along Singapore's Orchard Road shopping strip, according to people familiar with the matter. Hotel Properties Ltd. is in talks to sell majority stakes in the Forum shopping mall, as well as the voco Orchard hotel, according to the people, who asked not to be identified discussing private matters. The firm is seeking a deal that would value the two adjacent assets for at least S$2 billion ($1.6 billion), they said.
