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Reuters
20-05-2025
- Business
- Reuters
UK takeover panel cancels Harmony Energy auction
May 20 (Reuters) - UK's takeover panel on Tuesday cancelled an auction to conclude the sale of Harmony Energy Income Trust (HEIT.L), opens new tab, set to take place on May 21, after Drax (DRX.L), opens new tab, one of the bidders, decided against raising its offer. The panel had decided on a bidding process following proposals last month from two funds managed by British investment manager Foresight Group LLP, valuing Harmony at around 209.9 million pounds ($278.12 million), which surpassed Drax's 199.9 million pounds bid.
Yahoo
17-05-2025
- Business
- Yahoo
With a 42% stake, ADF Group Inc. (TSE:DRX) insiders have a lot riding on the company
Insiders appear to have a vested interest in ADF Group's growth, as seen by their sizeable ownership The top 4 shareholders own 56% of the company Ownership research, combined with past performance data can help provide a good understanding of opportunities in a stock 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. A look at the shareholders of ADF Group Inc. (TSE:DRX) can tell us which group is most powerful. The group holding the most number of shares in the company, around 42% to be precise, is individual insiders. In other words, the group stands to gain the most (or lose the most) from their investment into the company. So it follows, every decision made by insiders of ADF Group regarding the company's future would be crucial to them. Let's take a closer look to see what the different types of shareholders can tell us about ADF Group. See our latest analysis for ADF Group 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. Institutions have a very small stake in ADF Group. That indicates that the company is on the radar of some funds, but it isn't particularly popular with professional investors at the moment. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time. The history of earnings and revenue, which you can see below, could be helpful in considering if more institutional investors will want the stock. Of course, there are plenty of other factors to consider, too. Hedge funds don't have many shares in ADF Group. Because actions speak louder than words, we consider it a good sign when insiders own a significant stake in a company. In ADF Group's case, its President, Pierre Paschini, is the largest shareholder, holding 14% of shares outstanding. The second and third largest shareholders are Jean Paschini and Marise Paschini, with an equal amount of shares to their name at 14%. Note that two of the top three shareholders are also Chief Executive Officer and Member of the Board of Directors, respectively, once again pointing to significant ownership by company insiders. After doing some more digging, we found that the top 4 shareholders control more than half of the company's shares which essentially means that there is concentrated ownership amongst the top shareholders, most of whom happen to be insiders! Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of ADF Group Inc.. Insiders own CA$92m worth of shares in the CA$217m company. 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. The general public-- including retail investors -- own 34% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Our data indicates that Private Companies hold 20%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. It's always worth thinking about the different groups who own shares in a company. But to understand ADF Group better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for ADF Group you should know about. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. 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. Sign in to access your portfolio
Saudi Gazette
26-03-2025
- Entertainment
- Saudi Gazette
Everything you need to know about VCT Pacific Stage One 2025
Twelve of Asia-Pacific's best VALORANT teams have landed in Seoul, South Korea for VCT Pacific Stage One 2025, where three coveted spots at Masters Toronto and points toward the VALORANT Champions Tour (VCT) are on the line. With high stakes, fierce rivalries, and a packed schedule from March 22 to May 11, fans can expect nothing short of top-tier competition throughout the event. A title defense, rival redemptions, and a packed field Following their championship run at Masters Bangkok, T1 enters as the top seed, led by veterans stax and BuZz. But heavyweights DRX, Gen.G Esports, and Paper Rex are determined to reclaim the throne, setting up intense regional showdowns. Rounding out the lineup are: TALON, DetonatioN FocusMe, Rex Regum Qeon (RRQ), BOOM Esports, Team Secret, Global Esports, ZETA DIVISION, and Nongshim RedForce (NS RedForce)—all chasing the Pacific crown. Group stage format Teams are split into two groups—Alpha and Omega—and will compete in a single round-robin, best-of-three group stage ending April 21. Group Alpha: DRX Gen.G DetonatioN FocusMe Paper Rex Global Esports BOOM Esports Group Omega: T1 TALON NS RedForce RRQ ZETA DIVISION Team Secret The top four teams from each group move on to the playoffs. Group winners advance straight to the Upper Semifinals, while second and third seeds enter in Round 1. Fourth-placed teams begin in the Lower Bracket. The playoffs will feature best-of-three matches, with the Lower Final and Grand Final set as best-of-five. The top three finishers will book their tickets to Masters Toronto 2025. Week 1 results Saturday, March 22 DetonatioN FM 0–2 Global Esports T1 2–1 ZETA DIVISION Sunday, March 23 DRX 2–1 Paper Rex TALON 2–1 Team Secret Monday, March 24 Gen.G 0–2 BOOM Esports NS RedForce 2–1 RRQ Week 2 schedule Saturday, March 29 Team Secret vs. ZETA DIVISION (3 AM CT | 5 PM KST) T1 vs. NS RedForce (6 AM CT | 7 PM KST) Sunday, March 30 Gen.G vs. Paper Rex (3 AM CT | 5 PM KST) DRX vs. DetonatioN FM (6 AM CT | 7 PM KST) Monday, March 31 TALON vs. RRQ (3 AM CT | 5 PM KST) BOOM Esports vs. Global Esports (6 AM CT | 7 PM KST) Where to watch All matches are streamed live on VCT Pacific's official Twitch, YouTube, and Facebook channels, with regional language broadcasts available via local partners. Fans attending in person can find ticketing details on the Riot Games Global Ticket Page. With elite squads, storied rivalries, and Masters Toronto berths at stake, VCT Pacific Stage One 2025 is shaping up to be one of the most electrifying events of the year.
Arab News
18-03-2025
- Sport
- Arab News
Pakistan Tekken 8 team delivers historic victory in Seoul, dismantling South Korea
ISLAMABAD: A team from Pakistan delivered a historic victory in Seoul this week in a special Tekken 8 event, dismantling South Korea's long-standing dominance in competitive Tekken esports. For the latest updates, follow us @ArabNewsSport South Korea had for years been the leading force in competitive Tekken until Pakistan's Arslan Siddique, better known as Arslan Ash, began to gain prominence by winning major international tournaments. He is a five-time EVO champion, having emerged victorious in EVO Las Vegas 2019, 2023, 2024 as well as EVO Japan 2019 and 2023. Considered one of the greatest Tekken players in the world currently, Ash became the first professional gamer in 2023 to win the global Tekken 7 title four times. Ash also won the Tekken World Tour Finals 2023 and has made the Tekken battle between Pakistan and South Korea one of the most enduring and celebrated storylines in the esports community. 'Pakistan is the best Tekken region in the world again,' Ash posted on X, after Pakistan's win against South Korea, with seven of the best players from each country taking part. Pakistan is the best tekken region in the world again — Arslan Ash (@ArslanAsh95) March 16, 2025 The players participating in the Pakistan team event were TM|Arslan Ash, DRX|Knee, Falcons|Atif, KDF|Ulsan, Falcons|Farzeen, Varrel|Rangchu, QAD|TheJon, KDF|CBM, Fate|Numan Ch, VIT|JeonDDing, ROC|Usama Abbasi, KDF|Mulgold, TM|Hafiz Tanveer and DRX|Chanel. 'With yet another Pakistan Tekken victory, the nation has cemented its position at the pinnacle of competitive Tekken,' Pakistan's top tech news and media outlet, TechJuice, reported on Monday. 'Once seen as challengers, Pakistan's Tekken warriors have rewritten history, proving that the Tekken esports landscape belongs to them.'
