Latest news with #ExecutiveChairman
National Post
03-06-2025
- Business
- National Post
Trigon Announces New Date of Annual and Special Meeting to Vote on Kombat Transaction
Article content Article content Article content TORONTO — Trigon Metals Inc. (TSX-V: TM) ('Trigon' or the 'Company') announces a new date for its annual and special meeting of common shareholders (the 'Meeting') to, among other matters, vote on the proposed transaction pursuant to which Horizon Corporation Limited ('Horizon') will acquire the Company's interest in the Kombat Project (the 'Project') in Namibia (the 'Transaction') following the signing of the definitive share purchase agreement (see press release dated May 29, 2025). Article content The Transaction remains subject to the approval of shareholders at the annual and special meeting of shareholders (the 'Meeting') now rescheduled to be held on July 4, 2025 at 10:00 a.m. ET and to the satisfaction of customary closing conditions, including TSX Venture Exchange approval. Shareholders of record as of May 30, 2025 will be entitled to vote at the Meeting. Article content The management information circular and related proxy materials (collectively, the 'Meeting Materials') will be mailed to Trigon this week. These documents provide further details regarding the Transaction, voting procedures, and a copy of the fairness opinion. Once mailed to Trigon shareholders, the Meeting Materials will be available under the Company's profile on SEDAR+ at Article content Jed Richardson, Executive Chairman and CEO of Trigon commented, 'The Agreement marks a strategic milestone for the Company. Subject to shareholder approval, management is considering using proceeds from the transaction to buy back shares and for future dividends, following an initial small program to test our silver polymetallic Addana project, and maintain activities at our Silver Hill project in Morocco, and Kalahari Copperbelt project in Namibia.' Article content Trigon Metals Inc. Article content Trigon is a publicly-traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the company has operations in Namibia and Morocco. In Namibia, the Company holds a 100% interest in the Kalahari Copperbelt Project and an 80% interest in five mining licences in the Otavi Mountainlands where the Company operates the Kombat Mine. In Morocco, the Company is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. Article content This news release may contain forward-looking statements. These statements include statements regarding the Meeting, the Transaction, the Company's ability to close the Transaction, the Company's strategies and the Company's abilities to execute such strategies, the Company's expectations for the Kombat Mine, and the Company's future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Article content Article content Article content Article content Article content Contacts Article content Article content
Yahoo
01-06-2025
- Business
- Yahoo
Linamar Insider Ups Holding During Year
Looking at Linamar Corporation's (TSE:LNR ) 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. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. 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. The Executive Chairman of the Board Linda Hasenfratz made the biggest insider purchase in the last 12 months. That single transaction was for CA$3.0m worth of shares at a price of CA$60.01 each. That means that an insider was happy to buy shares at around the current price of CA$62.74. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Linamar insider decided to buy shares at close to current prices. Linda Hasenfratz was the only individual insider to buy shares in the last twelve months. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Linamar There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. The last three months saw significant insider selling at Linamar. In total, insider Csaba Havasi dumped CA$1.7m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Linamar insiders own 36% of the company, currently worth about CA$1.3b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. An insider hasn't bought Linamar stock in the last three months, but there was some selling. But we take heart from prior transactions. On top of that, insiders own a significant portion of the company. So the recent selling doesn't worry us. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Linamar. At Simply Wall St, we found 3 warning signs for Linamar that deserve your attention before buying any shares. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. 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
Yahoo
31-05-2025
- Business
- Yahoo
Pleasing Signs As A Number Of Insiders Buy Brimstone Investment Stock
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Brimstone Investment Corporation Limited's (JSE:BRT) instance, it's good news for shareholders. Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Over the last year, we can see that the biggest insider purchase was by Executive Chairman Frederick Robertson for R1.0m worth of shares, at about R4.32 per share. That means that an insider was happy to buy shares at above the current price of R4.10. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. In the last twelve months Brimstone Investment insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction! Check out our latest analysis for Brimstone Investment Brimstone Investment is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. It's good to see that Brimstone Investment insiders have made notable investments in the company's shares. Overall, two insiders shelled out R1.1m for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Brimstone Investment insiders own 29% of the company, worth about R288m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Brimstone Investment. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Brimstone Investment. Every company has risks, and we've spotted 3 warning signs for Brimstone Investment (of which 2 are concerning!) you should know about. But note: Brimstone Investment may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. 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.
Bloomberg
29-05-2025
- Business
- Bloomberg
Telefonica Chairman's M&A Ambitions Face Old Debt Challenges
Telefonica SA 's new chairman is running into an old problem. After the better part of a decade focused on cutting debt, the company still doesn't have the cash it needs to chase deals and growth. The Spanish phone carrier is looking for diverse ways to simplify its structure by buying out partners in joint ventures and reorganizing certain operations to make itself more flexible for potential deals in the European telecommunications industry. Executive Chairman Marc Murtra, who took over in January, has ordered a strategic review to be unveiled in the second half of the year.
