Latest news with #Orford
Business Insider
5 days ago
- Automotive
- Business Insider
‘Watch for These Catalysts,' Says Top Investor About Lucid Stock
One could be forgiven for having doubts about Lucid Group (NASDAQ:LCID), the electric vehicle maker whose share price has plunged 87% over the past 3 years. Confident Investing Starts Here: Yet, despite the steep decline, recent developments suggest there may be some light at the end of the tunnel. Lucid remains on track to manufacture 20,000 vehicles in 2025 – in line with its guidance – and its Q1 2025 net loss of $366 million marks a 46% year-over-year improvement. The company also ended the quarter with a strong liquidity position of $5.76 billion. Even so, Lucid is still operating at a loss, which means any bullish stance largely hinges on faith in the company's long-term potential rather than near-term profitability. That's where top investor Rick Orford – ranked in the very top 1% of TipRanks' stock pros – sees an opportunity. He points to two key catalysts on the horizon: Lucid's strategic partnership with Saudi Arabia and the upcoming launch of the Lucid Gravity SUV. According to Orford, these developments could help shift sentiment and lay the groundwork for future growth and profitability. 'Short-term prospects remain uncertain, but patient investors could benefit significantly if Lucid achieves profitability in the next 3–5 years,' Orford opined. The investor further highlights just how embedded Lucid is in Saudi Arabia's EV ambitions. The Kingdom's sovereign wealth fund holds a majority stake in the company and has committed to purchasing between 50,000 and 100,000 vehicles over the next decade. As Orford sees it, Saudi Arabia views Lucid not just as a financial investment, but as a cornerstone of its broader push to diversify its economy and establish a foothold in the global EV race. 'I'm speculating that they're using Lucid Motors at least in part to achieve their vision of moving away from oil dependency, which could translate to a huge growth runway for the company,' Orford noted. The investor is also intrigued by the company's Lucid's Gravity SUV, which he believes has the potential to help the company capture market share from Tesla when it becomes available next year. Not only does Gravity's 420-mile range compare favorably to Tesla's 244-mile estimates for the Model Y, but the Elon Musk-led company's reputation is in tatters due to his political activities. Summing up, the investor believes in the company's ability to deliver growth going forward – especially for those willing to look further down the road. 'I'm rating the stock a 'Buy' for its long-term potential,' concludes Orford. 'I think investors (buying) at today's prices will be very pleased.' (To watch Orford's track record, click here) Wall Street, however, isn't quite as enthusiastic. Most analysts are still in 'wait-and-see' mode. With 7 Holds outweighing just 1 Buy and 2 Sells, LCID claims a consensus Hold (i.e., Neutral) rating. Meanwhile, the average 12-month price target of $2.54 implies the stock is likely to stay range-bound for the foreseeable future. (See LCID stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Times
20-05-2025
- Health
- Times
Woman sues supermarket after ‘therapy alpaca' refused entry
When Abbygail-Nigella Borst goes shopping, she takes all the things she needs, including her 'therapy alpaca', Violet. Borst relies on the cloven-hoofed camelid to keep her calm in public and help alert her carer whenever she is about to have a panic attack. But there was no staying calm when Borst tried entering the IGA Everyday supermarket, a family-owned grocery chain, in the Tasmanian seaside town of Orford. Staff ordered Violet to leave because of concerns over food hygiene. They argued that alpacas are livestock and do not qualify as assistance animals, such as guide dogs, which are allowed full access to public facilities. Borst and her partner Desmond Gaull, who own a 50-acre farm training other alpacas to become therapy animals, filed a
Yahoo
17-05-2025
- Business
- Yahoo
Award-winning bakery named among best in Britain
An award-winning bakery has added to its list of achievements after being named one of the best in Britain. The Good Food Guide, a national guide showcasing some of the best places to eat and drink across the country, has shared its readers' top picks for bakeries. It comes after the guide revealed its own list earlier this year, including Wooster's Bakery in Stanton and Bury St Edmunds. Pump Street Bakery in Orford was one of the favourites chosen by the guide's readers. READ MORE: Joanna and Chris Brennan, founders of Pump Street Bakery and Chocolate Shop (Image: Sarah Lucy Brown) The Pump Street business was founded in 2010 by father and daughter Chris and Joanna Brennan. The pair renovated the pink 15th-century building on the Market Square in which the bakery can be found after it was unoccupied for nearly 20 years. Bakers make bread and handmade pastries daily, while the cafe serves a range of sandwiches and savouries. READ MORE: Three coastal pubs named among best in Britain Bread and pastries are made daily (Image: Ella Wilkinson) Across the square from the bakery is the Pump Street Chocolate Shop which sells a range of chocolates alongside other items such as cookery books. It is not the first time Pump Street Bakery has received national recognition. Last year, it won Best Bakery in the East of England and National Bakery of the Year in the National Bakery Awards. Other accolades won by the bakery include 12 international titles at the Academy of Chocolate and a King's Award for International Trade in 2023.
