Latest news with #Consolidation
New Straits Times
2 days ago
- Business
- New Straits Times
Felcra posts RM178mil profit, to distribute RM101mil to 74,300 participants
PASIR SALAK: Felcra Bhd today announced a distributable gross profit of RM178 million from its Consolidation and Rehabilitation (P&P) Projects between January and April 2025. From this Interim Distributable Profit for 2025, RM101 million will be distributed to 74,300 participants nationwide, with payments to be made in stages starting today. The profit, derived from 646 projects under Felcra, was announced by Deputy Prime Minister and Minister of Rural and Regional Development Datuk Seri Dr Ahmad Zahid Hamidi. Zahid said the distribution reflected Felcra's continued strong performance, with profits rising nearly RM2 million compared with the same period last year. "I hope this distribution is not only a financial boost but also a motivation for all participants to further develop their projects. "Let this profit be capital to increase productivity, adopt new technology, and strengthen competitiveness so that Felcra continues to be a pillar of rural economic development," he said at a ceremony at the Felcra Plantation and Services Sdn Bhd Padi Seed Centre in Seberang Perak today. Also present were Deputy Rural and Regional Development Minister Datuk Rubiah Wang and Felcra Chief Executive Officer Datuk Idris Lasim. In a statement issued in conjunction with the event, Felcra said the profit increase was driven, among others, by an 81 per cent surge in net profit from oil palm projects; an increase in the average price of crude palm oil to RM4,423.83 per metric tonne; and operational efficiency that cut costs by 15 per cent while raising yield per hectare by 49 per cent. Meanwhile, Zahid said Felcra had made history today with the commercialisation of Felcra MRQ 106 rice — a local fragrant rice variety offering a high-quality alternative to imported fragrant rice. He said with its natural aroma, soft and tasty texture, and a modest yet stable yield suitable for parboiled rice, the variety was expected to appeal to local tastes while strengthening national food security by reducing reliance on imports and opening new markets. Following this, Zahid said Felcra should target production of 3,000 metric tonnes this year, rising to 6,000 metric tonnes. "Don't let this effort be just about putting a brand on a bag. It must be on par with other established brands," he said.
Scottish Sun
3 days ago
- Sport
- Scottish Sun
Horse racing tips: ‘He's always looked a Group horse' – Templegate's 3-1 NAP is all class
TEMPLEGATE tackles Saturday's racing confident of keeping his hot run going - and building the bank for York next week. Back a horse by clicking their odds. MORE THUNDER (3.35 Newbury, nap) Can go like lightning in the Hungerford Stakes. Trainer William Haggas has a fantastic record in this Group 2 with three wins since 2015 including last year with Tiber Flow. More Thunder looks more than capable of delivering at this level after his battling Bunbury Cup win at Newmarket last time. That came after six furlongs proved a couple of yards too short when he flew home for second in the Wokingham at Royal Ascot. He's looked potentially more than a handicapper all season after he kicked off with back-to-back wins at Newmarket in the style of a classy performer. He deserves his chance at this level and looks well up to it. CRACKING GOLD (3.00 Newbury, nb) Can shine for Clive Cox. He has been in flying form all season and looks hard to beat. I go through all the runners for this race below. SECRET GUEST (3.20 Ripon, treble) Can star in the William Hill Great St Wilfrid Handicap. He was an excellent third in the race 12 months ago for trainer Bryan Smart who has given him a little break since a good second at Thirsk last time out. The five-year-old is back from just 3lb higher than last year but his rider's claim takes care of that. He's drawn well in stall 11 and ticks all the boxes for this competitive contest. Templegate's TV verdicts NEWBURY 1.50 PINHOLE looked a lot more than a handicapper when bolting up at Ascot last time. That was just his third run for Ralph Beckett and he stormed home over 1m4f to suggest this longer trip would bring further improvement. He deserves another crack at this stronger company. Epic Poet didn't enjoy 1m4f in the Hardwicke at Royal Ascot after going close in the Yorkshire Cup and will be happier at this distance. Nightime Dancer chased home potential superstar Scandinavia here last time and should find this challenge a bit simpler. Candleford has a Listed win on his CV this season but needs to bounce back from a moderate effort at Goodwood last time. 2.25 RHYTHM N HOOVES is music to my ears. Robert Cowell's speedster looked right back to his best when flashing home for second in a hot Ascot sprint last month. He's well-handicapped from just 2lb higher, thrives on fast ground and Billy Loughnane knows exactly how to deliver him late. A truly-run race should see him swooping past tiring rivals in the final 100 yards. Getreadytorumble is a big danger after a string of good efforts at this distance, while Glamorous Breeze has the class to pounce if the gaps open. Sugar Hill Babe, drawn in stall one, could give them plenty to think about from the front but she's likely to set things up nicely for the tip. 3.00 I'VE got a Cracking bet on the box at Newbury. CRACKING GOLD (3.00, nb) was an impressive winner here two runs ago before close close at Goodwood. He can take another step forward for Clive Cox. Classic, Consolidation and Leadman can give him most to do. Here's my guide to the field, where I rate them out of one (worst) and five (best) stars: CRACKING GOLD 5 GOLD star. Looked better than ever with a strong Goodwood second in a big field last time. He's suited by pace and trip, handles all ground and runs well fresh. Reliable and progressive profile suggests he's the one to beat. HAVANA PUSEY 2 HAV to pass. Likes to be up with the pace and held her own in a Group 3 latest after earlier handicap wins over this trip. Track and ground ideal, but needs to improve on last Goodwood showing. CLASSIC 4 CLASSIC case. Thriving this summer with strong Ascot second and earlier Sandown win. That form looks rock solid, 7f ideal, handles ground, and has track form. Very likely to go close again. LOU LOU'S GIFT 3 GIFT horse. Lightly raced filly, shaped better than result in a messy Ascot Group 3 last time. Down in grade, strong pace helps. Still has more to come at 7f. Place shout JUMBY 3 BY law. Game veteran. Big run in Newmarket handicap latest and has tumbled down the weights. This is his trip but long losing run remains a concern. No surprise to see him in the frame. WOLF OF BADENOCH 1 WOLF whistle. Well held at Ascot on turf return and cheekpieces stay on. Was useful as a two-year-old but may not have trained on. Others bring stronger current claims and more proven handicapping efforts. CONSOLIDATION 4 NO Con. Career-best win at Goodwood two back, unlucky latest when getting stuck in traffic. Goes well on quick ground and 7f suits. Still unexposed and could well bounce back with a cleaner trip. OBELIX 3 LIX not licked. Had no chance at Wolver last time from a wide draw on the back of a good York win. He likes this trip on quick ground and isn't ruled out from 7lb higher. LEADMAN 4 GOOD Man. Won nicely here before getting no luck at Goodwood last time. He's best over 7f and his form ties in well with others here. His handicap mark is fair and he's high on the shortlist. COGITATE 2 SMALL Cog. Not disgraced in hot Ascot handicap last time but he's not the easiest ride. Has come down weights but needs a step forward to score in this company. DOCUMENTING 1 WHAT'S up Doc? Almost a teenager but is still competitive with good efforts this season in big fields. His fifth behind Obelix at York reads well but there's no obvious reason why he'll turn that around. 3.35 MORE THUNDER never wins by very far but he keeps producing the goods like when winning the Bunbury Cup here by a short-head last time. That build on his staying-on Wokingham second and two other smart wins on the Rowley course this season. He looks well up to Group 2 standard and proved his liking for this trip last time. King's Gamble came home strongly when just denied over six furlongs at Newbury last time. That was his first run in 11 months and moving back up in trip makes him the main danger. Witness Stand won the Lennox nicely at Goodwood and goes well here too. He's in the mix while Spy Chief was far from disgraced in the July Cup and is likely to go hard on the front end. RIPON 2.45 NOVELLO LAD has won two of his past three and looks capable of another step forward. He saves his best for six furlongs on quick ground and his double-figure draw is another plus. The handicapper must have been in a good mood when hiking him only 2lb for scoring at Pontefract last time. Paul Midgley does well at Ripon and can add to his tally. Wreck It Ryley saves his best for Ripon and was less than two lengths off the pace at Yarmouth last time. He looks a good price to make the frame. Ziggy's Ariel landed his last win here in April and is only 2lb higher today which makes him competitive. Likely favourite Fortamour is a good performer at this level but he's yet to win on quick ground which has to be a worry for the nine-year-old. Dicko The Legend was good at York last time and is well drawn. 3.20 SECRET GUEST was third in this last season and is primed to go two better. Trainer Bryan Smart seems to have laid him out for the race and has given him a break since his close second at Thirsk in early July. He's only 3lb higher than his last win and this trip and track are ideal. You want to be drawn high and he's handy in stall 11. Rock Opera comes from box 14 and was a close-up third in good company at York last time. That was over this trip on fast ground so he should be on the premises again. Grant Wood won the Silver Cup on this card last year and has clearly been aimed at this race. He's a big price to make the frame despite a low draw. Similar comments apply to Intervention who ran well at Chepstow last time and looks on a fair mark. Prince Of Pillo is in stall 16 and likes this track. His trainer Richard Fahey won this race 12 months ago so he's a threat. NEWMARKET 2.05 BINHAREER made a mockery of his opening turf handicap mark when strolling to victory at Ayr last month. His jockey had the luxury of dropping his whip but it made no difference as he hammered his rivals over this trip. The ground was softer that day but he doesn't need it on breeding and looks a typical William Haggas improver. He's up 8lb for that smooth success but that won't put the brakes on as there's a lot more to come. Archduke Ferdinand looks a fair each-way price with his rider's claim taking him below his last winning mark. He is best over this trip and likes fast ground. Addison Grey made a promising start to his handicapping career when beaten less than a length at Chepstow nine days ago. This trip suits and there's more to come after just four runs. Silver Samurai ran better than fifth place suggests at Doncaster latest. That was over seven furlongs but he has enough pace to figure. Templegate's tips FREE BETS - GET THE BEST SIGN UP DEALS AND RACING OFFERS Commercial content notice: Taking one of the offers featured in this article may result in a payment to The Sun. You should be aware brands pay fees to appear in the highest placements on the page. 18+. T&Cs apply. Remember to gamble responsibly A responsible gambler is someone who: Establishes time and monetary limits before playing Only gambles with money they can afford to lose Never chases their losses Doesn't gamble if they're upset, angry or depressed Gamcare – Gamble Aware – Find our detailed guide on responsible gambling practices here.
Globe and Mail
6 days ago
- Business
- Globe and Mail
What industry consolidation can teach advisors about their own succession planning and firm value
Succession planning has long been the Achilles' heel of the wealth management industry. Some studies suggest that 80 to 90 per cent of advisors have no formal succession plan – a startling gap for a profession built on planning for others. At the same time, the industry is experiencing an unprecedented wave of consolidation. The result? A perfect storm of capital, urgency and opportunity. Two recent transactions capture this moment: Bank of Montreal's acquisition of Burgundy Asset Management Ltd. and Sagard Private Equity Canada's take-private of Lorne Park Capital Partners Inc. (also known as Bellwether Investment Management). These are more than headline-grabbing deals. They reflect a profound shift in how value is being defined and who's best positioned to capture it. A feeding frenzy is underway in the Canadian wealth management space. Banks, independent dealers, private equity firms and consolidators are seeking exposure to high-margin, recurring, fee-based revenue. The demographics are on their side: more than half of Canadian financial advisors are over the age of 50, with succession planning looming large. But while capital is abundant, high-quality platforms are not. That's why deals like Burgundy and Lorne Park matter. They're not just M&A transactions – they're signals to the rest of the market about what gets rewarded. In Burgundy's case, the co-founders were remarkably candid. In an email to clients shortly after the sale announcement, Tony Arrell explained that their original intention had been to transition ownership internally. However, by the time they considered it seriously, the opportunity had passed: employees lacked the capital to fund a meaningful buyout, and the leadership was unwilling to dilute their long-held value-investing principles to attract outside financing. In the end, BMO offered what internal succession could not: a culturally aligned partner, liquidity through publicly traded stock, and a structure that preserved Burgundy's investment autonomy while ensuring long-term continuity for clients and staff. It's a story many founders know too well: they want to keep ownership 'in the family,' but the financial, operational and leadership handoff is rarely achievable without compromise. For firms that don't have Burgundy's scale or brand equity, it's even harder. Ask most advisors what their practice is worth and you'll hear a familiar refrain: two to three times trailing revenue. The widely accepted industry rule of thumb implies a 2- to 3-per-cent price relative to assets under management (AUM), assuming a 1 per cent average fee rate. But here's the catch. Burgundy, a firm with $27-billion in AUM, just traded at 2.3 per cent, while Lorne Park, with $3.9-billion in AUM, traded at 3.9 per cent of AUM. These are full-firm transactions with sophisticated infrastructure and recognizable brands. So, why would a large wealth management firm pay an advisor 3 per cent of AUM to buy their book when other firms are only trading at 2 to 3 per cent? The truth is, they might. But it won't be because of an advisor's revenue multiple – it will be because of earnings before interest, tax, depreciation and amortization (EBITDA). Buyers are focused on what your business earns, not just what it brings in. If your practice generates strong margins, recurring cash flow, and has low advisor/key-person risk, it might justify a premium. If it doesn't, even 2 per cent of AUM may be a stretch. Firms with strong EBITDA margins, scalable operations and sticky client relationships are trading at 10 to 15 times EBITDA even if the AUM multiple looks modest. But for those running a lifestyle practice, in which profits are drawn down annually and the business revolves around a single advisor, then even a two-times revenue multiple may be generous. If you're an advisor or firm principal considering the next chapter – be it succession, retirement or recapitalization – now is the time to understand how buyers are evaluating value. Multiples are a starting point, not a finish line. The Canadian wealth industry is entering its next phase. Buyers are sitting on the sidelines, ready to act. However, value creation and capture belong to those who look beyond the headline metrics and focus on building enduring, cash-generating businesses. The lesson from Burgundy is simple. Succession is not optional; it's a matter of timing. The difference is whether you drive the process or respond to it. Joe Millott is a partner at Fort Capital Partners, an independent investment bank that specializes in wealth and asset management mergers and acquisitions, with offices in Vancouver, Calgary and Toronto.
Yahoo
06-08-2025
- Business
- Yahoo
Alpha Copper Announces Share Consolidation
VANCOUVER, BC / / August 5, 2025 / Alpha Copper Corp. (the "Company") announces that the Company will complete a consolidation (the "Consolidation") of all issued and outstanding common shares without par value in the authorized capital of the Company (the "Common Shares") on a ratio of one (1) new post-Consolidation Common Share for every two (2) old pre-Consolidation Common Shares effective on or about August 8, 2025 (the "Ratio"). All issued and outstanding convertible securities of the Company exercisable to acquire Common Shares will be adjusted in accordance with the Ratio and terms thereof. There is no alteration to the rights and restrictions attached to the Common Shares as a result of the Consolidation. Shareholder approval of the Consolidation is not required under the Articles of the Company. The Company currently has 11,156,426 issued and outstanding Common Shares and, accordingly, on completion of the Consolidation the Company expects there to be approximately 5,578,242 issued and outstanding Common Shares. The Board of Directors determined the Consolidation is in the best interests of the Company and will provide the Company the flexibility it requires to raise additional capital and pursue new business opportunities. About Alpha Copper Corp. Alpha Copper is a junior exploration company in the mineral resource industry. The Company holds 100% legal and beneficial interest in the Okeover copper-molybdenum project, which consists of a property encompassing 4,613 hectares (11,399 acres) located immediately north of the coastal City of Powell River, British Columbia. Further information about the Company is available under its profile on SEDAR+ at ON BEHALF OF THE BOARD OF DIRECTORS "Darryl Jones" Darryl JonesPresident and Chief Executive Officer Forward-Looking Statements This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects" and similar expressions, and include, but are not limited to, statements with respect to the Company's objectives, goals, strategies, future plans, business prospects and opportunities, financial and operating performance, and other statements that are not historical facts. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties, including statements with respect to the Consolidation and the anticipated effects or benefits thereof, including the flexibility to raise additional capital and pursue new business opportunities. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law. CONTACT: Darryl Jonesinfo@ SOURCE: Alpha Copper Corp. View the original press release on ACCESS Newswire Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time Business News
27-07-2025
- Business
- Time Business News
Understanding Traceloans.com Debt Consolidation: What You Need to Know in 2025
Debt consolidation is a hot topic in 2025, with many Americans searching for reliable ways to manage growing financial burdens. Among trending searches, debt consolidation has become particularly common — but what exactly is and can it be trusted? In this article, we break down everything you need to know about the domain, its credibility, and safer alternatives if you're considering consolidating debt. is a domain that has been floating around the web with content seemingly related to personal loans and debt relief. However, upon closer inspection, the site lacks many of the essential elements of a legitimate financial service provider. There are no signs of regulatory licenses, no verified business registration, and no real customer support listed anywhere on the platform. This raises a red flag — especially for individuals who are actively looking for trustworthy debt consolidation services. There are a few reasons behind the sudden traffic surge for this site: SEO Tactics on Expired Domains: It's becoming increasingly common for marketers to buy expired domains that previously hosted finance-related content. They repurpose these domains to attract organic traffic through specific keywords like 'debt consolidation.' Confusion with Legitimate Services: People often assume that if a website ranks on Google for debt-related terms, it must be legitimate. Unfortunately, that's not always the case. Lack of Awareness: Not everyone knows how to verify the background of a financial site, which makes it easier for misleading platforms to gain clicks. For a more detailed investigation, a comprehensive breakdown is already available in this in-depth Debt Consolidation review which includes snapshots, licensing checks, and warnings from credible sources. Let's take a closer look at a few reasons why is likely not a trustworthy platform: No NMLS or regulatory registration No contact information or business address No verified client testimonials Generic or reused content that lacks financial depth No SSL certificate or legal disclaimers If you're being asked to submit personal information or are redirected to other unrelated websites, you should immediately exit the page. If you're looking for real debt relief or consolidation options in 2025, here are safer, vetted options that operate under federal guidelines: Provider Credit Score Range Why It's Reliable SoFi 680+ Fixed rates, no hidden fees, NMLS registered National Debt Relief All types Accredited by AFCC, excellent customer support Upgrade 580+ Soft credit pull, fast decisions Avant 550+ Great for low-credit borrowers, strong customer reviews Discover Personal Loans 660+ Transparent terms, U.S.-based service These platforms provide clear terms, no upfront fees, and are regulated under U.S. financial law — making them far more reliable than vague domains like To protect yourself when browsing debt-related content: Always verify licensing through NMLS or state portals through NMLS or state portals Search for company reviews on independent platforms (BBB, Trustpilot) on independent platforms (BBB, Trustpilot) Never give sensitive info to sites without proper encryption (HTTPS) to sites without proper encryption (HTTPS) Consult with certified financial advisors before making any major decisions In the digital age, not every site that appears in search results is trustworthy, especially when it comes to something as sensitive as personal debt. While debt consolidation may sound appealing at first glance, a deeper dive reveals serious concerns about its legitimacy. Instead of relying on uncertain websites, it's best to turn to verified, regulated services that actually provide long-term debt relief solutions. For a full breakdown of what is — and what it isn't — we recommend reviewing the complete analysis here. TIME BUSINESS NEWS
