Latest news with #GEH
Yahoo
9 hours ago
- Business
- Yahoo
Great Eastern given till Sept 30 to complete proposed transactions
Trading in GEH shares were suspended on July 15, 2024, when the company's free float fell below the regulatory 10%. Great Eastern Holdings (GEH) has been given till Sept 30 to complete the transactions proposed in its June 6 statement. On June 6, Oversea-Chinese Banking Corporation (OCBC) said it will support GEH's proposal to seek a delisting of the insurer's shares with a $0.9 billion conditional exit offer of $30.15 per share for the 6.28% GEH shares it does not own. OCBC's exit offer will require at least 75% of the total number of issued shares held by GEH's shareholders to vote in favour of a delisting resolution that GEH will table at an extraordinary general meeting (EGM) to be convened. If the delisting resolution is passed, GEH will be removed from Singapore Exchange S68's (SGX) Mainboard. Otherwise, the exit offer will lapse. In that instance, GEH will proceed to propose a 1-for-1 bonus issue resolution to satisfy the free float requirement. Under this resolution, new ordinary shares will be listed and carry voting rights. GEH will also create Class C non-voting shares which will not be listed and have no voting rights. Both classes of shares will be issued at no consideration from shareholders and will be entitled to the same dividends. Trading in GEH shares were suspended on July 15, 2024, when the company's free float fell below the regulatory 10%. GEH has been granted five extensions by the Singapore Exchange Securities Trading Limited (SGX-ST) to restore its public float. On Aug 2, 2024, GEH said it was granted an extension till Oct 23, 2024, to explore options to restore its public float. On Oct 21, 2024, the company said the SGX-ST had extended its deadline till Jan 24 this year. On Jan 24, GEH was given a further extension till May 25. On May 23, GEH said it was given a further extension of two weeks till June 8 to announce the finalised proposal. 5 mil; business climate expected to be 'challenging', says CEO Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
Yahoo
14-05-2025
- Business
- Yahoo
Why Goodwill Entertainment Holding Limited (Catalist:GEH) Looks Like A Quality Company
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. To keep the lesson grounded in practicality, we'll use ROE to better understand Goodwill Entertainment Holding Limited (Catalist:GEH). Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. Our free stock report includes 3 warning signs investors should be aware of before investing in Goodwill Entertainment Holding. Read for free now. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Goodwill Entertainment Holding is: 25% = S$5.6m ÷ S$22m (Based on the trailing twelve months to December 2024). The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every SGD1 worth of equity, the company was able to earn SGD0.25 in profit. Check out our latest analysis for Goodwill Entertainment Holding Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Goodwill Entertainment Holding has a higher ROE than the average (7.4%) in the Entertainment industry. That is a good sign. Bear in mind, a high ROE doesn't always mean superior financial performance. Especially when a firm uses high levels of debt to finance its debt which may boost its ROE but the high leverage puts the company at risk. You can see the 3 risks we have identified for Goodwill Entertainment Holding by visiting our risks dashboard for free on our platform here. Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same. Goodwill Entertainment Holding has a debt to equity ratio of 0.40, which is far from excessive. The combination of modest debt and a very impressive ROE does suggest that the business is high quality. Judicious use of debt to improve returns can certainly be a good thing, although it does elevate risk slightly and reduce future optionality. Return on equity is one way we can compare its business quality of different companies. Companies that can achieve high returns on equity without too much debt are generally of good quality. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE. But when a business is high quality, the market often bids it up to a price that reflects this. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So I think it may be worth checking this free this detailed graph of past earnings, revenue and cash flow. But note: Goodwill Entertainment Holding 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. 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.
Agriland
01-05-2025
- Science
- Agriland
DAFM announces €5.9m in research funding
The Department of Agriculture, Food and the Marine (DAFM) has announced €5.9 million in research funding under the international strand of the department's research programme. The financial support will enable Irish researchers to be involved in the EU Agroecology Partnership Call, the Green ERAHUB Joint Call, the ICT-AGRI-FOOD Call, and the US-Ireland R&D Partnership. The department outlined that it 'makes sense' for international collaboration on research projects, given the challenges currently facing the sector. The Agroecology Partnership, which is funded by Horizion Europe, brings together the European Commission and 72 partners across 26 EU member states, associated countries, and third countries. Its aim is to support an agriculture sector that is fit to meet climate targets, and deal with challenges surrounding biodiversity loss, food security, and the environment, while ensuring profitable and attractive activity for farmers. DAFM's funding will also be involved in the ICT-AGRI-FOOD project. This project is run by the European Research Area Network (ERANET) and is focused on underpinning the transition towards more sustainable and resilient agri-food systems with digital technology. The aim of the project is to address the challenges faced around the world by agricultural and food systems. It hopes that this would emphasise the role these systems play in mitigating issues such as climate change, biodiversity loss, and food security. Recipients attending DAFM offices. Back row l-r: Dr Ian Short, Professor Fiona Doohan, Dr Gary Gillespie, Dr Samuel Browett, Professor Alan O'Riordan, Dr Achim Schmalenberger, Dr Ciaran Hearn. Front row l-r: Dr Mahjabin Siddique, Dr Tamíris Da Costa, Dr Adriana Cunha Neve, Minister of State Noel Grealish, Dr Yuansong Qiao, Dr Aine Macken-Walsh, Dr Laura Boyle, Dr Saorla Kavanagh. Research funding Another research project DAFM is funding is the Green ERAHUB (GEH) research initiative. This project aims to provide information, communication, cooperation, networking, and joint transnational funding in the agri-food and biotechnology sector for national funders and researchers. The second call on sustainable and resilient agri-food systems under the GEH was focused on the improved resilience and health of crops and livestock production. Finally, DAFM will give funding to the US – Ireland R&D Partnership. This is a tri-jurisdictional alliance between Ireland, Northern Ireland, and the US.
