Latest news with #JohnYoung
Yahoo
15-05-2025
- Business
- Yahoo
Boat Rocker Media Reports First Quarter 2025 Financial Results
TORONTO, May 15, 2025 /CNW/ - Boat Rocker Media Inc. ("Boat Rocker" or the "Company" or "BRMI") (TSX: BRMI), an independent, integrated global entertainment company, today reported its financial results for the three months ended March 31, 2025 ("first quarter" or "Q1"). The Company's consolidated financial statements and accompanying notes and Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2025 and 2024 are available under the Company's profile on SEDAR+ ( All dollar amounts are expressed in Canadian currency, unless otherwise noted. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures (see "Non-IFRS Measures" below). Financial Highlights On March 24, 2025, the Company announced that it had entered into definitive agreements in respect of the Transaction (as defined below). As a result of the terms of the Transaction, the net assets of Boat Rocker Studios ("BRS") have been separately presented as held for sale as at March 31, 2025 and financial performance has been presented in the Company's interim financial statements as discontinued operations. In Q1 2025 the Company recorded a $119.7 million impairment expense in net loss from discontinued operations related to the BRS assets held for sale as a result of the Transaction. Q1 2025 revenue from continuing operations of $34.2 million versus $27.7 million in the prior year period. Q1 2025 Adjusted EBITDA1 from continuing operations of $45,000 versus Adjusted EBTDA loss of $116,000 in the prior year period. Q1 2025 net loss from continuing operations of $4.8 million versus a net loss of $3.4 million in the prior year period. ________________________________ 1 Adjusted EBITDA is a Non-IFRS measure. For more information on non-IFRS financial measures, see "Non-IFRS Measures" and "Reconciliation of Non-IFRS Measures" in the MD&A dated May 15, 2025 for the three months ended March 31, 2025 available under the Company's profile on SEDAR+ ( Statement from Boat Rocker Media CEO John Young "With the recent publication of an information circular in connection with the reverse takeover by Blue Ant and management buyout transactions, we are moving closer to a new chapter for BRMI shareholders. We thank shareholders for their support over the years and the Company looks forward to forging a new path with Blue Ant." PROPOSED REVERSE TAKEOVER BY BLUE ANT MEDIA INC. AND MANAGEMENT BUYOUT On March 24, 2025, the Company announced that it had entered into definitive agreements with Blue Ant Media Inc. ("Blue Ant") pursuant to which Blue Ant, a privately owned company controlled by Michael MacMillan, will go-public via reverse take-over (the "RTO") of the Company, and the Company will concurrently sell Boat Rocker Studios to a privately owned company controlled by the Company's Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young ("IDJCo") (the "Management Buyout"). Additionally, the Company entered into an agreement with Fairfax Financial Holdings Limited ("Fairfax") to sell its minority investment in a U.S. talent management business to Fairfax (collectively, with the RTO and the Management Buyout, the "Transaction.") As part of the Transaction, Blue Ant as the resulting issuer (the "Resulting Issuer") will retain the businesses currently conducted by the Insight Productions, Proper Television and Jam Filled Entertainment divisions of BRMI (the "Retained Business"), as well as BRMI's public company status. The three transactions that encompass the Transaction are all cross-conditional. If BRMI Shareholders vote in favour of some of the resolutions and against others such that one of the resolutions does not meet the required majority, the Transaction is unlikely to proceed. The board of directors of BRMI (the "Board"), acting on the unanimous recommendation of a special committee comprised solely of the independent directors of BRMI (the "Special Committee"), and with interested directors abstaining, unanimously supports the Transaction. The Board believes that the Transaction is in the best interests of the Company and BRMI Shareholders (other than the IDJ Principals, Fairfax and their respective affiliates) (collectively the "Minority Shareholders") and is fair to the Minority Shareholders. Statement from Sangeeta Desai, Chair of the Special Committee, and Lead Independent Director of BRMI: "The Transaction is expected to offer significant value creation potential for BRMI shareholders in a global media company with an experienced management team, stronger balance sheet and enhanced scale. The Transaction is also an attractive option relative to alternatives, including the Company operating in the current challenging market. Finally, the Transaction is expected to provide an enhanced valuation of the Resulting Issuer. Based upon an independent formal valuation prepared by Scotiabank, the fair market value of the shares of the Resulting Issuer2 was in the range of $1.50 to $1.91 per share. The Board, upon the unanimous recommendation of the Special Committee, strongly supports the Transaction and encourages shareholders to vote in favour of the various Transaction resolutions." In the event the Transaction does not close (and there can be no assurance that the Transaction will be completed), the Company expects that continuing macroeconomic challenges will be significant factors in its 2025 results, which management expects to weaken as compared to 2024. The Special Meeting of Shareholders is to be held on June 17, 2025, at 10:00 a.m. (Toronto time) at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B5, Canada. Shareholders are encouraged to vote well in advance of the proxy cut-off time of 10:00 a.m. (Toronto time) on June 13, 2025. ________________________________ 2As at March 23, 2025. Forward-Looking Statements This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions, many of which are beyond the Company's control. Such assumptions include, but are not limited to, the factors discussed in the Company's MD&A for the three months ended March 31, 2025 and the Company's annual MD&A for the year ended December 31, 2024. Forward-looking information is also subject to a number of specific and general risks. A comprehensive summary of the risks and uncertainties that may affect the business of the Company is set out in the Company's Annual Information Form for the year ended December 31, 2024. The risks and uncertainties described therein are not the only ones Boat Rocker faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial may also materially adversely affect the Company's business, assets, liabilities, financial condition, results of operations, prospects, cash flows and the value and future trading price of the subordinate voting shares. In addition, there can be no assurance that the Transaction will be completed or that the Resulting Issuer will be successful. Boat Rocker does not undertake any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. SOURCE Boat Rocker Media Inc. View original content:
Cision Canada
15-05-2025
- Business
- Cision Canada
Boat Rocker Media Reports First Quarter 2025 Financial Results
TORONTO, May 15, 2025 /CNW/ - Boat Rocker Media Inc. ("Boat Rocker" or the "Company" or "BRMI") (TSX: BRMI), an independent, integrated global entertainment company, today reported its financial results for the three months ended March 31, 2025 ("first quarter" or "Q1"). The Company's consolidated financial statements and accompanying notes and Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2025 and 2024 are available under the Company's profile on SEDAR+ ( All dollar amounts are expressed in Canadian currency, unless otherwise noted. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures (see "Non-IFRS Measures" below). Financial Highlights On March 24, 2025, the Company announced that it had entered into definitive agreements in respect of the Transaction (as defined below). As a result of the terms of the Transaction, the net assets of Boat Rocker Studios ("BRS") have been separately presented as held for sale as at March 31, 2025 and financial performance has been presented in the Company's interim financial statements as discontinued operations. In Q1 2025 the Company recorded a $119.7 million impairment expense in net loss from discontinued operations related to the BRS assets held for sale as a result of the Transaction. Q1 2025 revenue from continuing operations of $34.2 million versus $27.7 million in the prior year period. Q1 2025 Adjusted EBITDA 1 from continuing operations of $45,000 versus Adjusted EBTDA loss of $116,000 in the prior year period. Q1 2025 net loss from continuing operations of $4.8 million versus a net loss of $3.4 million in the prior year period. ________________________________ 1 Adjusted EBITDA is a Non-IFRS measure. For more information on non-IFRS financial measures, see "Non-IFRS Measures" and "Reconciliation of Non-IFRS Measures" in the MD&A dated May 15, 2025 for the three months ended March 31, 2025 available under the Company's profile on SEDAR+ ( Statement from Boat Rocker Media CEO John Young "With the recent publication of an information circular in connection with the reverse takeover by Blue Ant and management buyout transactions, we are moving closer to a new chapter for BRMI shareholders. We thank shareholders for their support over the years and the Company looks forward to forging a new path with Blue Ant." PROPOSED REVERSE TAKEOVER BY BLUE ANT MEDIA INC. AND MANAGEMENT BUYOUT On March 24, 2025, the Company announced that it had entered into definitive agreements with Blue Ant Media Inc. ("Blue Ant") pursuant to which Blue Ant, a privately owned company controlled by Michael MacMillan, will go-public via reverse take-over (the "RTO") of the Company, and the Company will concurrently sell Boat Rocker Studios to a privately owned company controlled by the Company's Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young ("IDJCo") (the "Management Buyout"). Additionally, the Company entered into an agreement with Fairfax Financial Holdings Limited ("Fairfax") to sell its minority investment in a U.S. talent management business to Fairfax (collectively, with the RTO and the Management Buyout, the "Transaction.") As part of the Transaction, Blue Ant as the resulting issuer (the "Resulting Issuer") will retain the businesses currently conducted by the Insight Productions, Proper Television and Jam Filled Entertainment divisions of BRMI (the "Retained Business"), as well as BRMI's public company status. The three transactions that encompass the Transaction are all cross-conditional. If BRMI Shareholders vote in favour of some of the resolutions and against others such that one of the resolutions does not meet the required majority, the Transaction is unlikely to proceed. The board of directors of BRMI (the "Board"), acting on the unanimous recommendation of a special committee comprised solely of the independent directors of BRMI (the "Special Committee"), and with interested directors abstaining, unanimously supports the Transaction. The Board believes that the Transaction is in the best interests of the Company and BRMI Shareholders (other than the IDJ Principals, Fairfax and their respective affiliates) (collectively the "Minority Shareholders") and is fair to the Minority Shareholders. Statement from Sangeeta Desai, Chair of the Special Committee, and Lead Independent Director of BRMI: "The Transaction is expected to offer significant value creation potential for BRMI shareholders in a global media company with an experienced management team, stronger balance sheet and enhanced scale. The Transaction is also an attractive option relative to alternatives, including the Company operating in the current challenging market. Finally, the Transaction is expected to provide an enhanced valuation of the Resulting Issuer. Based upon an independent formal valuation prepared by Scotiabank, the fair market value of the shares of the Resulting Issuer 2 was in the range of $1.50 to $1.91 per share. The Board, upon the unanimous recommendation of the Special Committee, strongly supports the Transaction and encourages shareholders to vote in favour of the various Transaction resolutions." In the event the Transaction does not close (and there can be no assurance that the Transaction will be completed), the Company expects that continuing macroeconomic challenges will be significant factors in its 2025 results, which management expects to weaken as compared to 2024. The Special Meeting of Shareholders is to be held on June 17, 2025, at 10:00 a.m. (Toronto time) at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B5, Canada. Shareholders are encouraged to vote well in advance of the proxy cut-off time of 10:00 a.m. (Toronto time) on June 13, 2025. ________________________________ 2 As at March 23, 2025. Forward-Looking Statements This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions, many of which are beyond the Company's control. Such assumptions include, but are not limited to, the factors discussed in the Company's MD&A for the three months ended March 31, 2025 and the Company's annual MD&A for the year ended December 31, 2024. Forward-looking information is also subject to a number of specific and general risks. A comprehensive summary of the risks and uncertainties that may affect the business of the Company is set out in the Company's Annual Information Form for the year ended December 31, 2024. The risks and uncertainties described therein are not the only ones Boat Rocker faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial may also materially adversely affect the Company's business, assets, liabilities, financial condition, results of operations, prospects, cash flows and the value and future trading price of the subordinate voting shares. In addition, there can be no assurance that the Transaction will be completed or that the Resulting Issuer will be successful. Boat Rocker does not undertake any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. SOURCE Boat Rocker Media Inc.
Yahoo
10-05-2025
- Business
- Yahoo
BOAT ROCKER MEDIA ANNOUNCES FILING OF MANAGEMENT INFORMATION CIRCULAR FOR SPECIAL MEETING OF SHAREHOLDERS
TORONTO, May 9, 2025 /CNW/ - Boat Rocker Media Inc. ("BRMI" or the "Company") (TSX: BRMI) announced today that it has filed its notice of meeting, management information circular and related documents (collectively, the "Meeting Materials") with securities regulators in connection with the special meeting (the "Meeting") of the holders (the "Shareholders") of subordinate voting shares and multiple voting shares of the Company. The Meeting Materials can be accessed either on the Company's website at or under the Company's SEDAR+ profile at The Meeting is to be held on June 17, 2025, at 10:00 a.m. (Toronto time) at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B5, Canada. Only Shareholders whose names have been entered in the register of the Company as at the close of business on April 21, 2025, the record date for the Meeting, or their duly appointed proxyholders, will be entitled to receive notice of and vote at the Meeting or any adjournment(s) or postponement(s) thereof. At the Meeting, Shareholders will be asked to pass resolutions approving, among things, (i) the reverse take-over of BRMI by Blue Ant Media Inc. ("Blue Ant"), a privately owned company controlled by Michael MacMillan, (ii) the management buyout of Boat Rocker Studios by BRMI Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young, and (iii) the sale of the Company's interests in The Initial Group Global, LLC ("The Initial Group"), a U.S. talent management business, to Fairfax Financial Holdings Limited (collectively, the "Transaction"). Shareholders are encouraged to vote well in advance of the proxy cut-off time of 10:00 a.m. (Toronto time) on June 13, 2025. If you have any questions regarding the Transaction or how to vote your shares, please contact the Company's proxy solicitation agent, Carson Proxy Advisors: (i) by telephone at 1-800-530-5189 (North American toll free); or (ii) by email at info@ About Boat Rocker Media Inc. Boat Rocker (TSX: BRMI) is the home for creative visionaries. An independent, integrated global entertainment company, BRMI's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, BRMI's creative and commercial capabilities include Scripted, Unscripted, and Kids and Family television production, distribution, brand & franchise management, a world-class animation studio, and talent management through a minority stake in The Initial Group, a new company launched by TPG. A selection of BRMI's projects include: Invasion (Apple TV+), Palm Royale (Apple TV+), Video Nasty (BBC Northern Ireland, BBC Three, Virgin Media One, WDR), This Is the Tom Green Documentary (Prime Video), Orphan Black: Echoes (AMC), American Rust: Broken Justice (Prime Video), Beacon 23 (MGM+), Pretty Baby: Brooke Shields (Hulu), Downey's Dream Cars (Max), BS High (HBO), Orphan Black (BBC AMERICA, CTV Sci-Fi Channel), Billie Eilish: The World's a Little Blurry (Apple TV+), The Next Step (BBC, Corus, CBC), Daniel Spellbound (Netflix), and Dino Ranch (Disney+, Disney Junior, CBC). For more information, please visit Forward-Looking Information / Cautionary Statements Certain information contained in this news release may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may", "would" and "should" and similar expressions or words suggesting future outcomes. These forward-looking statements reflect material factors and expectations and assumptions of the parties. These forward-looking statements include the assumptions: that the Transaction is able to be completed on the timelines and on the terms currently anticipated; that all regulatory and other required approvals can be obtained on the timelines and in the manner currently anticipated; that the anticipated benefits of the transaction are able to be achieved; that the businesses of both BRMI and Blue Ant will continue to operate in a manner consistent with past practice; and that the parties' transition plans are effective. The parties' estimates, beliefs and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Risks and uncertainties not presently known to the parties or that they presently believe are not material could cause actual results or events to differ materially from those expressed in the forward-looking statements. Additional information on these and other factors that could affect events and results are included in other documents and reports that will be filed by BRMI with applicable securities regulatory authorities and may be accessed through the SEDAR+ website ( Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the parties' expectations only as of the date of this press release. The parties disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. U.S. Securities Matters None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. The resulting issuer securities to be issued in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. SOURCE Boat Rocker Media Inc. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hype Malaysia
09-05-2025
- Science
- Hype Malaysia
OMEGA Is Moonstruck As It Celebrates 60 Years Of NASA Qualification
History lesson, fam! On the 1st of March 1965, NASA declared the OMEGA Speedmaster to be 'Flight Qualified for all Manned Space Missions.' This pivotal day was the official beginning of OMEGA's extraordinary journey beyond Earth, which has since included every Moon landing in history and many of the greatest missions of our time. The NASA qualification is synonymous with OMEGA's pioneering spirit and excellence in design. 60 years after the approval was announced, the brand is looking back to that hopeful era of human adventure, and celebrating the moment that its watches became part of the story. What Happened Next? Just three weeks after the qualification was granted, on the 23rd of March, 1965, the Speedmaster ST 105.003 officially went into space for the first time on the wrists of Virgil 'Gus' Grissom and John Young during their Gemini 3 mission. The only modification to the watches was the addition of a long Velcro strap that could be worn over the space suits. Beyond Gemini 3, the Speedmaster and its various updates became an invaluable tool for the crews aboard each of NASA's manned missions. Famously, it was worn by Ed White during the first American spacewalk in 1965 and also the crew of Apollo 8, who saw the 'far side of the Moon' for the first time in 1968. As the Speedmaster continued to serve the astronauts in space, NASA got closer and closer to its major goal. Finally, on the 20th of July 1969, Apollo 11 touched down on the moon for the first time in history, fulfilling John F. Kennedy's promise. Neil Armstrong and Buzz Aldrin spent two and a half hours walking on the lunar surface, and in that moment, the OMEGA Speedmaster became the first watch worn on the Moon. It has returned for every Moon landing since then and long remained a critical part of NASA's astronaut kit. Size Size Qualified by NASA in 1965, this model represents the Speedmaster's 3rd generation design and is sized at 39.70 mm. Inspired by the 3rd generation Speedmaster that NASA qualified in 1965, OMEGA launched this 39.70 mm choice in 2020 for modern customers – almost perfectly replicating the original style. Perhaps the most iconic chronograph on Earth, today's Speedmaster Moonwatch is 42 mm, and is inspired by the 4th generation style that Apollo 11 astronauts wore on the Moon. This latest Co-Axial Master Chronometer version was launched in 2021. Caseback This early Speedmaster watch featured a double bevel caseback with 'Speedmaster' engraved and OMEGA's famous Seahorse emblem. To let customers admire the sophisticated mechanics of the Calibre 321, OMEGA gave this model a transparent sapphire crystal caseback. The caseback of the Moonwatch includes the famous words; 'FLIGHT-QUALIFIED BY NASA FOR ALL MANNED SPACE MISSIONS', as well as 'THE FIRST WATCH WORN ON THE MOON'. The Seahorse emblem still retains its place at the centre. Since 2021, with the introduction of the Calibre 3861, the text 'Co-Axial Master Chronometer' has also been added, highlighting the movement inside. Bracelet The Speedmaster 105.003 was delivered on several linked bracelet references, while also being presented on Velcro straps when astronauts wore it over their spacesuits. The style seen in this image features 3 flat links per row and a protruding OMEGA vintage logo on the clasp to help with opening. A modern version of the bracelet with 3 flat links has been used for the Speedmaster Calibre 321. A foldover clasp fastens it to the wrist. Today's Moonwatch bracelets are presented with five arched links per row, with a foldover clasp and an additional comfort setting. Dial While the black dial featured an applied OMEGA logo in the vintage style, it also included tritium markers for luminosity. Note especially that this was the last Speedmaster reference that did not include the addition of the word, 'Professional'. This black step dial remains as true to the original as possible, with similar features including the vintage OMEGA logo and the same Speedmaster font. Naturally, to give it a necessary update, the markers are coated in modern Super-LumiNova instead of tritium. The black step dial of the Moonwatch features a transferred logo with the addition, since 1964, of the word 'Professional'. From 1997, the models were upgraded with Luminova detailing for better visibility. The logo and Speedmaster font are also in keeping with today's modern style. Tachymeter Bezel It wouldn't be a Speedmaster without a tachymeter scale on the bezel. For dedicated fans, two small but recognisable details of the ST 105.003 are the placement of the dot over 90, and the dot diagonal to 70. Naturally, the important placement of the dots hasn't been changed for the Speedmaster Calibre 321. What's new, however, are the materials used. Instead of the original aluminium bezel ring, OMEGA has created a bezel ring in polished black ceramic with the tachymeter scale in white enamel. The Speedmaster Moonwatch features an anodised aluminium bezel ring in black, a feature that has been part of the design since the Speedmaster's 2nd generation. Almost everything else is exactly as it was in 1964. A perfect tool for measuring speed over a known distance. Although the positioning of the 90 and 70 dots on the bezel were changed over the years, they have now been returned to their original placement as a tribute to heritage. Pushers The pushers on the NASA tested watch were considered medium size and very easy to use with thick astronaut gloves. Notably, they are without the protection of the asymmetrical case that modern versions offer. The very same pushers still remain – proving that some designs are too perfect to change. The most interesting feature of the Moonwatch pushers today is the protection they are given by the asymmetrical case. Case Shape The shape of the NASA-tested watch is most notable for its symmetrical shape with straight lugs. This was the last Speedmaster that came without crown guards. From this generation onwards, it became known as the Moonwatch after its historic lunar landing. The straight lugs and symmetrical case are the same as the original NASA tested watch. Just like that model, today's tribute also includes the same brushed sides and polished upper surfaces. The Moonwatch case is inspired by the 4th generation Speedmaster. It features twisted lugs, as well as an asymmetrical shape that provides protection for the crown and pushers. Calibre The iconic Calibre 321 was robust and elegant, and contained an intricate and technically valuable column-wheel feature. For collectors, it has become one of the world's most essential pieces of watchmaking art. The original Calibre 321 was used by OMEGA until 1969. Then, in 2019, it made a triumphant return – after two years of relentless research and development. To reconstruct the movement as accurately as possible, OMEGA employed an entire group of researchers, developers and historians, as well as the finest craftsmen and experienced watchmakers. Going even further, they also used 'tomography' technology (a digital scanning method) to see inside the true Speedmaster ST 105.003 timepiece that astronaut Eugene 'Gene' Cernan wore on the Moon during Apollo 17. The Calibre 3861 is the most up-to-date descendant of the Calibre 321. Compared to previous versions, it offers improved power reserve, chronometric performance and magnetic resistance. Many innovative features include OMEGA's revolutionary Co-Axial escapement as well as the silicon Si14 balance spring. These advancements enable the watch to pass the eight Master Chronometer tests. The Speedmaster Difference Accuracy, reliability, readability and ease of operation were the reasons given by astronauts, when asked about their preference for their Speedmaster. Indeed, the timepieces offered numerous qualities that many other watches could not. Robust Design When the original Speedmaster was created in 1957, it included many protective technologies used by OMEGA at the time, such the sealing powers of O-ring gaskets, and the famous 'Naiad' crown. Through this, OMEGA was able to create an incredibly rugged chronograph that was hermetically sealed against the elements and whose sealing powers extended to a depth of 200 feet. Furthermore, the hesalite glass offered the advantage of flexibility, and therefore shatter-resistance, in high impact situations. The last thing an astronaut wants during a mission is tiny fragments of glass floating in the spacecraft. Pioneering Spirit The Speedmaster was a design pioneer. When released in 1957, it became the first watch to feature a tachymeter scale on its bezel, as opposed to the dial. This made it ideal for its intended customer – racing car drivers out on the track. Ever since then, the iconic timing scale has remained an essential and distinguishing element of the Speedmaster design. Readability The original Speedmaster from 1957 was engineered for racing car drivers. Therefore, the design was given an easily readable face, so that timing could be noted at a glance. Not only did this theme continue in the ST 105.003, but there was also luminosity on the baton hands and hours markers, provided by the use of tritium. For the darkest reaches of space, this distinctive readability was a critical factor. Accuracy By 1965, OMEGA had a superb reputation for precision, and especially for chronograph design. Thebrand's first chronograph calibre with 30-minute and 12-hour counters was the 27 CHRO C12. First designed and produced in 1941, it was a movement distinguished by its use of a column wheel, a feature that was machined from a single piece and which added technical value. This led to the birth of the Calibre 321, given its name in 1949. Using the same column wheel system, it encapsulated OMEGA's commitment to accuracy, and its expertise in ultra-fine mechanics
Yahoo
29-04-2025
- Business
- Yahoo
Chairman of Green Technology Metals Picks Up 45% More Stock
Even if it's not a huge purchase, we think it was good to see that John Young, the Chairman of Green Technology Metals Limited (ASX:GT1) recently shelled out AU$150k to buy stock, at AU$0.04 per share. That purchase might not be huge but it did increase their holding by 45%. Our free stock report includes 6 warning signs investors should be aware of before investing in Green Technology Metals. Read for free now. In fact, the recent purchase by John Young was the biggest purchase of Green Technology Metals shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.028). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. 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. While Green Technology Metals insiders bought shares during the last year, they didn't sell. 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! See our latest analysis for Green Technology Metals 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. For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 21% of Green Technology Metals shares, worth about AU$2.3m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Green Technology Metals we think they are probably pretty confident of a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 6 warning signs (3 are significant!) that you ought to be aware of before buying any shares in Green Technology Metals. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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
