Latest news with #EdwardKernaghan
Cision Canada
a day ago
- Business
- Cision Canada
KERNWOOD LIMITED ANNOUNCES ACQUISITION OF ADDITIONAL SHARES OF WESTERN FOREST PRODUCTS INC.
TORONTO, June 9, 2025 /CNW/ - Kernwood Limited (" Kernwood") reports pursuant to the "Early Warning Requirements" of Canadian securities laws that it purchased 1,000,000 common shares (" Western Forest Shares") in the capital of Western Forest Products Inc. (" Western Forest") on June 9, 2025 in normal course transactions on the Toronto Stock Exchange, with the result that Kernwood, together with its shareholders, owns 39,175,000 Western Forest Shares representing approximately 12.3680% of the total outstanding Western Forest Shares. The 1,000,000 Western Forest Shares were purchased at an average of $0.4049 per Western Forest Share, for an aggregate of $404,900.00. Kernwood is a private holding company that invests in securities of private and public companies. The acquisition of the Western Forest Shares by Kernwood was undertaken for investment purposes. Kernwood does not have any current plans or future intentions to buy or sell further Western Forest Shares, to solicit proxies or to otherwise participate in any significant transaction involving Western Forest. Kernwood intends to review its investment on a continuing basis. Depending on various factors, Kernwood may in the future purchase or sell securities or engage in other activities relating to Western Forest. Kernwood's head office is located at 155 University Avenue, Suite 750, Toronto, Ontario M5H 3B7. Kernwood will be filing an Early Warning Report under Western Forests' profile on SEDAR+ and copies of the report may be obtained at or from Kernwood by contacting Edward Kernaghan at (416) 502-2074.
Yahoo
a day ago
- Business
- Yahoo
KERNWOOD LIMITED ANNOUNCES ACQUISITION OF ADDITIONAL SHARES OF WESTERN FOREST PRODUCTS INC.
TORONTO, June 9, 2025 /CNW/ - Kernwood Limited ("Kernwood") reports pursuant to the "Early Warning Requirements" of Canadian securities laws that it purchased 1,000,000 common shares ("Western Forest Shares") in the capital of Western Forest Products Inc. ("Western Forest") on June 9, 2025 in normal course transactions on the Toronto Stock Exchange, with the result that Kernwood, together with its shareholders, owns 39,175,000 Western Forest Shares representing approximately 12.3680% of the total outstanding Western Forest Shares. The 1,000,000 Western Forest Shares were purchased at an average of $0.4049 per Western Forest Share, for an aggregate of $404,900.00. Kernwood is a private holding company that invests in securities of private and public companies. The acquisition of the Western Forest Shares by Kernwood was undertaken for investment purposes. Kernwood does not have any current plans or future intentions to buy or sell further Western Forest Shares, to solicit proxies or to otherwise participate in any significant transaction involving Western Forest. Kernwood intends to review its investment on a continuing basis. Depending on various factors, Kernwood may in the future purchase or sell securities or engage in other activities relating to Western Forest. Kernwood's head office is located at 155 University Avenue, Suite 750, Toronto, Ontario M5H 3B7. Kernwood will be filing an Early Warning Report under Western Forests' profile on SEDAR+ and copies of the report may be obtained at or from Kernwood by contacting Edward Kernaghan at (416) 502-2074. SOURCE Kernwood Limited View original content: Sign in to access your portfolio
Yahoo
09-02-2025
- Business
- Yahoo
Roots Insider Ups Holding During Year
Looking at Roots Corporation's (TSE:ROOT ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold. Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether. Check out our latest analysis for Roots Over the last year, we can see that the biggest insider purchase was by insider Edward Kernaghan for CA$516k worth of shares, at about CA$2.40 per share. That implies that an insider found the current price of CA$2.44 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Roots insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Edward Kernaghan. Edward Kernaghan bought a total of 739.80k shares over the year at an average price of CA$2.24. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Roots insiders own 15% of the company, worth about CA$15m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Roots shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Roots and we suggest you have a look. Of course Roots may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. 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
