Latest news with #NSX
Yahoo
12 hours ago
- Business
- Yahoo
ASX Dividend Stocks To Watch In June 2025
As the Australian market navigates renewed trade uncertainties and sector-specific fluctuations, dividend stocks continue to be a focal point for investors seeking stable income amidst volatility. In such a climate, identifying companies with strong fundamentals and consistent dividend payouts can offer a measure of reliability in an otherwise unpredictable environment. Name Dividend Yield Dividend Rating Bisalloy Steel Group (ASX:BIS) 9.70% ★★★★★☆ IPH (ASX:IPH) 7.19% ★★★★★☆ Lindsay Australia (ASX:LAU) 7.10% ★★★★★☆ Accent Group (ASX:AX1) 7.03% ★★★★★☆ Sugar Terminals (NSX:SUG) 8.45% ★★★★★☆ MFF Capital Investments (ASX:MFF) 3.70% ★★★★★☆ Nick Scali (ASX:NCK) 3.17% ★★★★★☆ Super Retail Group (ASX:SUL) 8.39% ★★★★★☆ Lycopodium (ASX:LYL) 7.21% ★★★★★☆ Fiducian Group (ASX:FID) 4.53% ★★★★★☆ Click here to see the full list of 28 stocks from our Top ASX Dividend Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Carlton Investments Limited is a publicly owned asset management holding company with a market cap of A$897.80 million. Operations: Carlton Investments Limited generates its revenue primarily from the acquisition and long-term holding of shares and units, amounting to A$42.01 million. Dividend Yield: 3.1% Carlton Investments offers a mixed profile for dividend investors. While its dividends are covered by both earnings (payout ratio: 72.5%) and cash flows (cash payout ratio: 68.8%), indicating sustainability, the dividend yield of 3.06% is relatively low compared to top-tier Australian payers. Despite a decade-long increase in dividends, their payments have been volatile with significant annual drops over 20%, highlighting reliability concerns for income-focused investors seeking stability. Click here and access our complete dividend analysis report to understand the dynamics of Carlton Investments. Our expertly prepared valuation report Carlton Investments implies its share price may be too high. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Fleetwood Limited operates in Australia and New Zealand, focusing on the design, manufacture, sale, and installation of modular accommodation and buildings, with a market cap of A$278.70 million. Operations: Fleetwood Limited's revenue is primarily derived from its Building Solutions segment at A$340.12 million, followed by RV Solutions at A$71.51 million, and Community Solutions at A$50.02 million. Dividend Yield: 7.7% Fleetwood's dividend yield of 7.69% ranks in the top 25% of Australian payers, but its sustainability is questionable due to a high payout ratio (286.1%) not covered by earnings or cash flows. Although dividends have increased over the past decade, they have been volatile and unreliable, with significant fluctuations. The stock trades at a discount to its estimated fair value, suggesting potential for capital appreciation despite concerns about dividend stability and coverage. Get an in-depth perspective on Fleetwood's performance by reading our dividend report here. According our valuation report, there's an indication that Fleetwood's share price might be on the expensive side. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Ricegrowers Limited is a rice food company with operations spanning Australia, New Zealand, the Pacific Islands, the Middle East, and the United States, and has a market cap of A$713.89 million. Operations: Ricegrowers Limited generates revenue through its various segments, including Riviana (A$228.15 million), Cop Rice (A$249.32 million), Rice Food (A$127.76 million), Rice Pool (A$477.65 million), Corporate Segment (A$41.03 million), and International Rice (A$892 million). Dividend Yield: 5% Ricegrowers trades at a significant discount to its estimated fair value, offering potential for capital appreciation. However, its dividend yield of 5% falls short compared to the top quartile in Australia. While dividends are covered by earnings and cash flows with payout ratios of 56.3% and 41%, respectively, their reliability is undermined by past volatility and lack of consistent growth over the last decade, raising concerns about long-term stability. Take a closer look at Ricegrowers' potential here in our dividend report. The valuation report we've compiled suggests that Ricegrowers' current price could be quite moderate. Gain an insight into the universe of 28 Top ASX Dividend Stocks by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This 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. Companies discussed in this article include ASX:CIN ASX:FWD and ASX:SGLLV. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
2 days ago
- Automotive
- Yahoo
What is VTEC and Why Are Honda Fans Obsessed With It?
What is VTEC and Why Are Honda Fans Obsessed With It? originally appeared on Autoblog. If you have driven or been around Honda-branded cars since the mid-1990s, you might be familiar with a four-letter word that has defined the brand's performance identity for decades: VTEC. Since its first automotive application in 1989, Honda's VTEC engine technology has given its four and six-cylinder engines a lot of lore and internet fame because of what it could do for spirited drivers and enthusiasts alike. But while there are many memes and misconceptions of what exactly happens under the hood, the tech behind VTEC has stood the test of time and is still used in Honda's new cars today. View the 2 images of this gallery on the original article VTEC has been around longer than you think; it predates the Sega Game Gear, the Super Nintendo, and Dunkaroos. Initially introduced in 1989 in the Japanese-market version of the Honda Integra XSi, VTEC didn't make its way into the United States until the introduction of the Acura NSX supercar in 1991. The legendary mid-engined car's 3-liter C30A V6 engine produced just 270 horsepower. Still, the groundbreaking VTEC technology that gave the engine its unique performance characteristics would later be found in dozens of different Honda models, from humble commuters like the Civic and Accord to their high-performance Type-R versions. In the early 1980s, Honda wanted to develop a new generation of engines for regular cars with a special touch that would further enhance performance. Variable valve timing, or VVT, had existed for some time before VTEC was developed, and automakers like Fiat and Alfa Romeo had used the technology in their own cars before Honda developed VTEC. But the Japanese automaker's lofty goals dictated its destiny. Honda management tasked its engineers with developing a naturally aspirated engine that would deliver 100 horsepower per liter of displacement—an impossible feat at the time. This meant developing an engine that could handle the load of higher speeds without sacrificing quality or reliability. At the time, Honda's engines were powerful at high speeds but did not produce much power at the lower end of the rev range. Its engineers tried everything, but one solution that did work was a system that could switch cam profiles on command: VTEC. VTEC stands for Variable Valve Timing & Lift Electronic Control System. While it may be an unusual name, it is derived from an engine technology that combines excellent fuel efficiency at low RPMs with a burst of power at high RPMs. This can be achieved by switching between two camshaft lobe profiles at different speeds within the rev range. View the 2 images of this gallery on the original article All engines require air and fuel to turn over, and valves open up to allow air into a cylinder; a process controlled by cams on a camshaft and rocker arms. Each cylinder has cam followers with different cam profiles and rocker arms that can lock together. The taller cam lobes deliver VTEC power and connect to an inactive rocker arm. When activated, these lobes increase lift and extend lift duration, allowing more air to enter the engine at high RPM. When drivers mash the accelerator down, the engine speed rises, and so does the oil pressure. Once the engine reaches a certain RPM in Honda VTEC engines, the oil pressure pushes pins inside the rocker arms, locking them together. Since the rocker arms are locked together, all the intake valves (and exhaust valves, depending on the engine type) open wider, allowing more air in and creating more power. When the RPM drops, the oil pressure also drops, the locking pins go back to their original positions, and the lower-profile cams operate the valves back to the 'fuel economy' mode. The phrase 'VTEC just kicked in, yo!' is a term so ingrained in internet car enthusiast culture that it has its own page on Know Your Meme, but it is based on a real phenomenon that Honda drivers have experienced. In most other four-cylinder engines, the zone around the 5000-6000 RPM range is where most other cars would have their redline, as it would start losing power around this point. However, this traditional 'no-go zone' is where Honda's VTEC engines truly shine. Reaching the 'VTEC cutoff' can be characterized by a unique, brawny, high-revving sound and a sudden pull of instant power; a feeling that many late-model Civic and Accord drivers can attest to as addictive. View the 3 images of this gallery on the original article As a whole, the VTEC system does what it was designed to do by Honda engineers and the managers who oversaw them; it delivers a lot of power in 1.6 to 2.4-liter inline four-cylinder or 3 to 3.5-liter V6 engines, solid fuel economy at the lower rev range, and virtually bulletproof reliability. In 2023, one 2003 Accord owner, Justin Kilmer, racked up one million miles on his V6 coupe through his work as a medical courier. But with its benefits, VTEC engines can suffer from feeling lethargic at lower speeds, as peak power and torque could be located ridiculously high on the rev counter. For instance, the 2.4-liter K24 DOHC VTEC engine in the 2006 Honda Civic Si produces 197 horsepower at 7,800 RPM, which is very close to its 8,000 RPMredline. Although VTEC has evolved over the years to include versions like i-VTEC, VTEC-E, and VTEC Turbo, 'copycats' of VTEC technology have been developed by other automakers, such as Toyota and Mitsubishi, while other automakers used other methods to achieve the same end goal. For example, the 996 Porsche 911 featured VarioCam, which used an adjustable chain tensioner to control the amount of slack in the timing chain that connects the intake and exhaust cams. BMW's VANOS on the M50 straight-six engine, used in cars like the E46 M3, employed a helical gear on the camshaft to adjust the timing. Today, many manufacturers, including American and European companies as well as several of Honda's competitors in Japan, employ some form of variable valve timing in their engines. However, VTEC remains a Honda hallmark as one of the first commercially successful variable valve timing technologies to be used in mass-produced cars, and a source of pride among Honda fans and owners. What is VTEC and Why Are Honda Fans Obsessed With It? first appeared on Autoblog on May 31, 2025 This story was originally reported by Autoblog on May 31, 2025, where it first appeared.
NZ Autocar
3 days ago
- Automotive
- NZ Autocar
A Honda NSX-R recently netted almost $NZ1.8m
Last weekend someone with deep pockets purchased a rare 2003 Honda NSX-R for €934,375. The car was sold at the Broad Arrow Concorso d'Eleganza Villa D'Este auction. This was an original Honda NSX-R version. The second-generation of the model stopped selling in the US in 2022. Why would someone have spent so much on this particular NSX? Because the R was the lightest, most focused, most special version of the original and only a few were made. The first limited run was produced between 1992 and 1995, while the second went from 2002 to 2005 after a facelift. Of the latter, Honda only built 140 examples, and all were for the Japanese market. The example that sold recently was finished in the classic Championship White livery. It featured colour-matched BBS wheels and red interior trim. The odo said it had travelled just 16,000 kilometers and presentation was immaculate. Evidently this was the first 2002-2005 NSX-R to come up for public sale in quite some time. It sold for far more than any recently offered 1992-1995 NSX-R. The next closest was a 1995 NSX-R that sold in 2023 for $US632,000. Only two NSXs have sold for more. The first example of the second-generation NSX and the first example of a 2022 NSX Type-S both sold for $1.1 million in charity auctions.
Yahoo
4 days ago
- Business
- Yahoo
ReconAfrica Announces First Quarter Filings and Corporate Update
CALGARY, Alberta, May 29, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the 'Company' or 'ReconAfrica') (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the filing of its fiscal first quarter disclosure documents for the three-month period ended March 31, 2025, including the unaudited consolidated financial statements and Management's Discussion and Analysis ("MD&A"), which are available on SEDAR+ at . : "ReconAfrica continues to move Prospect I toward spud and management remains excited about this exploration target, which is our largest prospect to be drilled to date. On trend with the Naingopo and Prospect I locations, the Company recently gained access to over five million acres in Angola, and we look forward to working with our partner, ANPG to explore this acreage. Management recognizes its responsibility to all stakeholders to steward the evaluation and exploration process of this vast portfolio with the utmost care. We are keen to continue our work with shareholders, local government, joint venture and community partners." Selected HighlightsFor the first quarter ended March 31, 2025, and subsequent period, we announced: On January 29, 2025, the Namibian Ministry of Mines & Energy approved the previously announced farm-down agreement with BW Energy ('BW') acquiring a 20% WI in Petroleum Exploration License 073 ('PEL 73'). On January 30, 2025, results from the Naingopo exploration well on PEL 73 aided the Company with the selection of Prospect I as the next drill prospect. On April 17, 2025, ReconAfrica entered a Memorandum of Understanding ('MOU') with the National Oil, Gas and Biofuels Agency of Angola ('ANPG'), for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. The MOU area, which is contiguous to PEL 73 in Namibia, added 5.2 million acres of exploration lands to the Company's exploration portfolio. On April 30, 2025, an updated NSAI Report was filed on SEDAR+ at On May 21, 2025, Mark Friesen, CFA joined the Company as Managing Director, Investor Relations and Capital Markets. Operational Update Prospect I, located onshore Namibia in Petroleum Exploration License 073 ('PEL 73'), will be the Company's largest exploration prospect drilled to date. Prioritizing Prospect I as the next drillable prospect was significantly influenced by the drilling results of the Naingopo prospect, which has confirmed the presence of carbonate reservoir, indications of oil observed from the Damara Fold Belt and oil being recovered at surface in the drilling mud system. The Company has conducted extensive stakeholder and community engagement activities and obtained local consents. The Company is completing permitting requirements and obtaining all regulatory approvals. Pre-construction activities are currently underway, including, de-brushing, de-mining, access road infrastructure development and drill site preparation. ReconAfrica is committed to continuing to work collaboratively with communities, governments and regulators. Management remains encouraged that the sequence of completing the necessary pre-drill activities on Prospect I is progressing toward spudding the well. Permitting for road and pad construction is proceeding and we expect the rig to move in late June with spud shortly thereafter. Any adjustments to the spud date of Prospect I are logistical in nature with management's view regarding the prospectivity of the target remaining positive and unchanged from earlier communications. About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Brian Reinsborough, President and Chief Executive Officer Mark Friesen, Managing Director, Investor Relations & Capital Markets IR Inquiries Email: investors@ Inquiries Email: media@ 1-877-631-1160 Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, the timing of permits, timing and sequencing of the next well, actual well results, future drilling activity, resource potential, the updated NSAI Report, the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form dated April 29, 2025, available under the Company's profile at Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Yahoo
4 days ago
- Business
- Yahoo
ReconAfrica Announces First Quarter Filings and Corporate Update
CALGARY, Alberta, May 29, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the 'Company' or 'ReconAfrica') (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the filing of its fiscal first quarter disclosure documents for the three-month period ended March 31, 2025, including the unaudited consolidated financial statements and Management's Discussion and Analysis ("MD&A"), which are available on SEDAR+ at . : "ReconAfrica continues to move Prospect I toward spud and management remains excited about this exploration target, which is our largest prospect to be drilled to date. On trend with the Naingopo and Prospect I locations, the Company recently gained access to over five million acres in Angola, and we look forward to working with our partner, ANPG to explore this acreage. Management recognizes its responsibility to all stakeholders to steward the evaluation and exploration process of this vast portfolio with the utmost care. We are keen to continue our work with shareholders, local government, joint venture and community partners." Selected HighlightsFor the first quarter ended March 31, 2025, and subsequent period, we announced: On January 29, 2025, the Namibian Ministry of Mines & Energy approved the previously announced farm-down agreement with BW Energy ('BW') acquiring a 20% WI in Petroleum Exploration License 073 ('PEL 73'). On January 30, 2025, results from the Naingopo exploration well on PEL 73 aided the Company with the selection of Prospect I as the next drill prospect. On April 17, 2025, ReconAfrica entered a Memorandum of Understanding ('MOU') with the National Oil, Gas and Biofuels Agency of Angola ('ANPG'), for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. The MOU area, which is contiguous to PEL 73 in Namibia, added 5.2 million acres of exploration lands to the Company's exploration portfolio. On April 30, 2025, an updated NSAI Report was filed on SEDAR+ at On May 21, 2025, Mark Friesen, CFA joined the Company as Managing Director, Investor Relations and Capital Markets. Operational Update Prospect I, located onshore Namibia in Petroleum Exploration License 073 ('PEL 73'), will be the Company's largest exploration prospect drilled to date. Prioritizing Prospect I as the next drillable prospect was significantly influenced by the drilling results of the Naingopo prospect, which has confirmed the presence of carbonate reservoir, indications of oil observed from the Damara Fold Belt and oil being recovered at surface in the drilling mud system. The Company has conducted extensive stakeholder and community engagement activities and obtained local consents. The Company is completing permitting requirements and obtaining all regulatory approvals. Pre-construction activities are currently underway, including, de-brushing, de-mining, access road infrastructure development and drill site preparation. ReconAfrica is committed to continuing to work collaboratively with communities, governments and regulators. Management remains encouraged that the sequence of completing the necessary pre-drill activities on Prospect I is progressing toward spudding the well. Permitting for road and pad construction is proceeding and we expect the rig to move in late June with spud shortly thereafter. Any adjustments to the spud date of Prospect I are logistical in nature with management's view regarding the prospectivity of the target remaining positive and unchanged from earlier communications. About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Brian Reinsborough, President and Chief Executive Officer Mark Friesen, Managing Director, Investor Relations & Capital Markets IR Inquiries Email: investors@ Inquiries Email: media@ 1-877-631-1160 Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, the timing of permits, timing and sequencing of the next well, actual well results, future drilling activity, resource potential, the updated NSAI Report, the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form dated April 29, 2025, available under the Company's profile at Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained in to access your portfolio
