Latest news with #AXS
Yahoo
29-05-2025
- Business
- Yahoo
Meridian Contrarian Fund Trimmed AXIS Capital Holdings Limited (AXS) After a Strong Performance
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Contrarian Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities saw their weakest quarterly performance since 2022, as uncertainty about potential tariff policies affected investor sentiment and risk assets. In this environment, the fund returned -7.59% (net) during the quarter, slightly behind the -7.50% returns of the Russell 2500 Index and underperforming the -5.83% returns of the secondary benchmark, the Russell 2500 Value Index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Meridian Contrarian Fund highlighted stocks such as AXIS Capital Holdings Limited (NYSE:AXS). AXIS Capital Holdings Limited (NYSE:AXS) is an insurance provider that offers various specialty insurance and reinsurance products. The one-month return of AXIS Capital Holdings Limited (NYSE:AXS) was 4.16%, and its shares have appreciated by 39.34% over the past 52 weeks. On May 28, 2025, AXIS Capital Holdings Limited (NYSE:AXS) closed at $101.47 per share, with a market capitalization of $7.981 billion. Meridian Contrarian Fund stated the following regarding AXIS Capital Holdings Limited (NYSE:AXS) in its Q1 2025 investor letter: "AXIS Capital Holdings Limited (NYSE:AXS) is a global specialty insurer and reinsurer. We invested in 2020 following a period of earnings pressure tied to unfavorable underwriting results. We were initially attracted by a new management team's operational turnaround efforts, including reduced exposure to catastrophe risk and a strategic focus on high-potential areas such as cyber insurance. In 2023, a newly appointed CEO accelerated the company's repositioning, aiming to achieve top-tier performance versus peers. The stock performed well in the quarter, and we trimmed the position into strength as part of our risk management process, while maintaining a large position." A businessperson in a high-rise office building, demonstrating the protection of professional lines. AXIS Capital Holdings Limited (NYSE:AXS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 34 hedge fund portfolios held AXIS Capital Holdings Limited (NYSE:AXS) at the end of the first quarter, which was 38 in the previous quarter. While we acknowledge the potential of AXIS Capital Holdings Limited (NYSE:AXS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered AXIS Capital Holdings Limited (NYSE:AXS) and shared the list of best property & casualty insurance stocks to buy. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
News.com.au
21-05-2025
- Entertainment
- News.com.au
Pop icon Janet Jackson's tour epic flop on opening night as majority of seats remain unsold
Janet Jackson is struggling to sell tickets to her Las Vegas residency, and about 60% of seats are still available for Wednesday night's premiere performance, The U.S. Sun can confirm. The iconic pop star and sister to the late Michael Jackson previously completed a sold-out, 10-day residency from December through January of this year at Resorts World. The Vegas hotel signed on to bring Janet, 59, back for shorter run in February that stretched over Valentine's Day, and then again this week from May 21 through May 31 with six shows. But with the big opening night just one day away, ticket sales on AXS show a majority of seats in the 5,000 person venue still other dates do not look much more packed than the premiere. Prices range from just above $US50 to $US444 a seat, according to the ticketing site. If you're hoping to meet the That's the Way Love Goes songstress, you may be out of luck; none of the VIP packages appear to offer a meet and greet. You will, however, receive orchestra seats and a photo opportunity on the hotel's steps and repeat, among other perks. The famed hotel on the strip heralded Janet's run saying she was bringing her residency there 'On the heels of her highly successful Together Again Tour, the megastar will bring JANET JACKSON: LAS VEGAS to the one-of-a-kind venue for performances throughout 2025.' The hotel's venue site boasted that Janet is 'one of the most influential entertainers of the modern era. Her music has won her 5 Grammy Awards, 2 Emmy Awards, a Golden Globe Award, a nomination for an Academy Award, and dozens of American Music Awards, MTV Video Music Awards, and Billboard Music Awards.' Last year, Janet was in discussions to turn her life story into a biopic. A source revealed to The U.S. Sun that the potential miniseries would 'explore Janet's privileged yet challenging upbringing, her rise to fame, and her relationship with her brother Michael Jackson.' She has sold an astonishing 100 million records throughout her career. This story originally appeared on The Sun and is republished here with permission.
![Macquarie Telecom - Latest News [Page 1]](/_next/image?url=http%3A%2F%2Fimg.scoop.co.nz%2Fstories%2Fimages%2F1908%2Fscoop_image.jpg&w=3840&q=100)
![Macquarie Telecom - Latest News [Page 1]](/_next/image?url=https%3A%2F%2Fstatic-mobile-files.s3.eu-central-1.amazonaws.com%2Fscoop.png&w=48&q=75){kind=small}
Scoop
21-05-2025
- Business
- Scoop
Macquarie Telecom - Latest News [Page 1]
Macquarie Telecom Launches VeloCloud Partner Channel In Landmark Agreement Australian telco and SD-WAN pioneer to open intelligent connectivity to managed service providers and more businesses across the nation. The company has also announced the appointment of current CMO Tony Emmanouil to director of marketing and channel to ... More >> Macquarie Telecom Launches VeloCloud Partner Channel In Landmark Agreement Wednesday, 21 May 2025, 2:20 pm | Macquarie Telecom Australian telco and SD-WAN pioneer to open intelligent connectivity to managed service providers and more businesses across the nation. The company has also announced the appointment of current CMO Tony Emmanouil to director of marketing and channel to ... More >> WA's Regional Energy Provider Partners With Macquarie To Reduce Data Centre Footprint Wednesday, 15 March 2023, 12:13 pm | Macquarie Telecom Macquarie Telecom and Macquarie Cloud Services, part of Macquarie Telecom Group (ASX: MAQ), have signed a deal with Horizon Power to transition its workloads to a private cloud environment and reduce its data centre footprint. Horizon Power is ... More >> Domino's Awards Macquarie Telecom Technology Partner Of The Year Wednesday, 1 March 2023, 4:03 pm | Macquarie Telecom Macquarie Telecom, part of Macquarie Telecom Group (ASX: MAQ), was this week announced as Domino's Pizza Enterprises Limited's (AXS: DMP) Technology Partner of the Year at its annual Business Partners Awards on the Gold Coast. Macquarie Telecom ... More >> Macquarie Telecom Appoints Marika Fiorini As Chief Customer Officer Monday, 20 February 2023, 12:46 pm | Macquarie Telecom 20 February 2023 - Macquarie Telecom, part of Macquarie Telecom Group (ASX: MAQ), has today announced the promotion of Marika Fiorini to Chief Customer Officer. In the role, Fiorini will focus on driving business, sales and marketing and nurturing ... More >> Macquarie Telecom Group Becomes First Company Certified By DTA For Cloud And Data Centre Services Wednesday, 14 December 2022, 2:14 pm | Macquarie Telecom Aidan Tudehope DTA's Hosting Certification Framework remains the benchmark for storing and processing ... More >> Macquarie Telecom Signs Deal With Kelsian Group Limited To Enable Further Expansion Monday, 14 March 2022, 4:42 pm | Macquarie Telecom Macquarie Telecom, part of Macquarie Telecom Group (ASX: MAQ), today announced it has signed a new multi-year, multi-million-dollar contract with Kelsian Group Limited (ASX: KLS), supporting the company's drive to expand with a simplified, robust ... More >> Macquarie Telecom Group Partners With Australian Satellite Provider Blacktree Technology Wednesday, 23 February 2022, 12:47 pm | Macquarie Telecom Macquarie Telecom Group (ASX: MAQ), today announced it is partnering with Australian satellite communication provider Blacktree Technology to deliver defence-ready data co-location services as both organisations commit further to protecting Australia's ... More >> Macquarie Telecom Doubles Down On SD-WAN As It Reaches 6,000 Sites Wednesday, 24 November 2021, 12:58 pm | Macquarie Telecom Macquarie Telecom, part of Macquarie Telecom Group (ASX: MAQ), today announced it has deployed its SD-WAN services to 6,000 sites across Australia after pioneering the technology in Australia less than four years ago. The company will invest and ... More >> Macquarie Telecom Group reaches milestone Monday, 20 September 2021, 2:13 pm | Macquarie Telecom Macquarie Telecom Group reaches milestone for government security-cleared personnel Aidan Tudehope Continuing investment in security clearances and cyber skills means Macquarie has the largest team of security-cleared cyber warriors of any Australian ... More >> Macquarie Telecom Enables Assisted Living Technology For Australian Disability Services Provider Thursday, 5 August 2021, 12:55 pm | Macquarie Telecom Macquarie Telecom today announced it has established a new partnership with Australian not-for-profit Civic Disability Services. The partnership will create a digital foundation that will enable independent living opportunities for clients and free up time for ... More >> Macquarie Telecom Recognised As One Of The Best Places To Work In Australia Wednesday, 21 April 2021, 1:15 pm | Macquarie Telecom Macquarie Telecom (part of Macquarie Telecom Group, ASX: MAQ), has been recognised as one of the top places to work in Australia in the annual Best Places to Work List . The company was awarded in particular for fostering an inclusive workforce and ... More >> Macquarie Telecom Signs Exclusive Mobile Deal With Optus Thursday, 4 March 2021, 1:07 pm | Macquarie Telecom Macquarie Telecom (part of Macquarie Telecom Group ASX: MAQ) has signed a A$34 million exclusive agreement with Optus to deploy mobile services, including 5G, in Australia. The deal combines Macquarie's Net Promoter Score (NPS) proven customer service ... More >> Macquarie Invests $3.9M In AI-enabled Wi-Fi Intelligence, Helping Aussie Businesses Manage COVID Compliance Tuesday, 23 February 2021, 4:39 pm | Macquarie Telecom Macquarie Telecom, part of Macquarie Telecom Group (ASX: MAQ), today launched a new SD-LAN service, stimulated by increased demand from its customers for greater performance, automation and intelligence in Wi-Fi networks, and cloud connectivity. ... More >> Macquarie Telecom Group Welcomes Publication Of Security Legislation Amendment (Critical Infrastructure) Bill Thursday, 10 December 2020, 3:51 pm | Macquarie Telecom Macquarie Telecom Group (ASX: MAQ), has welcomed the publication of the Security Legislation Amendment (Critical Infrastructure) Bill, introduced to Parliament today by Minister for Home Affairs, the Hon. Peter Dutton MP. The Critical Infrastructure ... More >>
Time Out
20-05-2025
- Entertainment
- Time Out
How to get cheap tickets to ABBA Voyage in London
ABBA might have reached the peak of their popularity in the 1970s, but that doesn't mean the band doesn't have young fans. But here's the thing, a night out at ABBA Voyage isn't cheap, meaning that many young people have been missing out on attending the holographic gig. To prove that listening dancing around in sparkly flares to 'Waterloo' is in fact a young person's game, ABBA Voyage is offering discounted tickets to young people in London this summer. If you are between the ages of 16 and 25 you will soon be able to get your hands on an ABBA Voyage ticket on the Young Persons Rate, which offers standing tickets for £35 a pop. These cheaper rates will be available throughout all of June and July. As per ABBA Voyage's website, seated tickets start at £38.50 and dance floor tickets usually start at £55. However, fans aged 16-25 can now book tickets at the discounted rate via AXS. In order to use the ticket, you must be able to produce a valid ID at the venue. Soon schools, colleges, and universities will also be able to access the new £35 rate for students aged 14+ for select performances (Wednesday, Thursday, and Sunday concerts). Plus, the venue will host two dedicated concerts for state school students from Year 3 to Year 13 later this year, following a successful pilot last year. In 2025, these performances will take place on June 19 and October 15, giving more 5,000 local young people access to ABBA Voyage for just £10 per ticket. Svana Gisla and Ludvig Andersson, producers of ABBA Voyage said: 'We want to give as many young people as possible the opportunity to see our concert and hope that this unique experience might inspire future generations of artists, performers, producers, technicians and audiences.'
Yahoo
20-05-2025
- Business
- Yahoo
An Intrinsic Calculation For Accsys Technologies PLC (LON:AXS) Suggests It's 37% Undervalued
The projected fair value for Accsys Technologies is UK£0.75 based on 2 Stage Free Cash Flow to Equity Current share price of UK£0.47 suggests Accsys Technologies is potentially 37% undervalued The €0.90 analyst price target for AXS is 20% more than our estimate of fair value How far off is Accsys Technologies PLC (LON:AXS) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Don't get put off by the jargon, the math behind it is actually quite straightforward. We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. We check all companies for important risks. See what we found for Accsys Technologies in our free report. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (€, Millions) €9.80m €12.7m €15.2m €17.0m €18.6m €19.9m €21.1m €22.1m €22.9m €23.7m Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Est @ 12.24% Est @ 9.26% Est @ 7.17% Est @ 5.71% Est @ 4.69% Est @ 3.97% Est @ 3.47% Present Value (€, Millions) Discounted @ 10% €8.9 €10.4 €11.3 €11.4 €11.3 €11.0 €10.5 €10.0 €9.4 €8.8 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = €103m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.3%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 10%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = €24m× (1 + 2.3%) ÷ (10%– 2.3%) = €299m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= €299m÷ ( 1 + 10%)10= €111m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €214m. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of UK£0.5, the company appears quite good value at a 37% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Accsys Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 10%, which is based on a levered beta of 1.583. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Accsys Technologies Strength Debt is well covered by cash flow. Weakness Interest payments on debt are not well covered. Opportunity Forecast to reduce losses next year. Has sufficient cash runway for more than 3 years based on current free cash flows. Trading below our estimate of fair value by more than 20%. Threat No apparent threats visible for AXS. Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Why is the intrinsic value higher than the current share price? For Accsys Technologies, we've put together three additional items you should further research: Financial Health: Does AXS have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. Future Earnings: How does AXS's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every British stock every day, so if you want to find the intrinsic value of any other stock just search here. 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
