Latest news with #SovereignMetals
News.com.au
4 days ago
- Business
- News.com.au
Break it Down: Further validation for Sovereign's Kasiya project
One of Japan's top titanium producers has given their tick of approval to Sovereign Metals rutile from the Kasiya project.
Yahoo
14-05-2025
- Business
- Yahoo
This Sovereign Metals Insider Increased Their Holding In The Last Year
Looking at Sovereign Metals Limited's (ASX:SVM ) 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 insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In the last twelve months, the biggest single purchase by an insider was when Non-Executive Director Ian Middlemas bought AU$283k worth of shares at a price of AU$0.71 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.66). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Ian Middlemas was the only individual insider to buy shares in the last twelve months. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart 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 Sovereign Metals There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Sovereign Metals insiders own 10% of the company, worth about AU$43m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Sovereign Metals and we see no evidence to suggest they are worried about the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 1 warning sign for Sovereign Metals you should be aware of. But note: Sovereign Metals 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.
Yahoo
27-03-2025
- Business
- Yahoo
Sovereign Metals raises $25.2m for Kasiya graphite project in Malawi
Sovereign Metals has completed the placement of new shares to raise A$40m ($25.2m) to fund its Kasiya Rutile-Graphite project in Malawi, East Africa. The placement secured firm commitments from both new and existing shareholders including global institutional investors. Sovereign Metals issued 47.05 million new fully paid ordinary shares at A$0.85 each. Proceeds from the placement will support development activities at the Kasiya site, including permitting, studies, working capital and corporate needs. The placement is scheduled to settle on 1 April 2025, with the new shares due to be issued around 2 April 2025, per ASX Listing Rule 7.1. Petra Capital served as the sole lead manager and sole bookrunner for the placement. The Kasiya project's graphite has been identified as having the key characteristics for use in expandable and expanded applications such as fire retardants and gaskets. Testing by ProGraphite and Dorfner Anzaplan laboratories in Germany confirmed that Kasiya's medium-to-coarse flake graphite achieved high expansion ratios, which could provide a competitive edge in the market. The results will support customer engagement and facilitate potential offtake discussions. Sovereign plans to produce a 96% graphite concentrate at an incremental cost of $241/tonne free on board, as outlined in the Kasiya optimised prefeasibility results. Earlier in the month, Sovereign Metals reported progress in the rehabilitation of land at the test pit site within the Kasiya project. Following soil remediation work in December 2024, landowners had access to the site between December 2024 and January 2025 to plant crops, ensuring no loss of a planting season. In a related development, Sovereign Metals began a hydraulic mining trial at the Kasiya project in August 2024 as part of an optimisation study. "Sovereign Metals raises $25.2m for Kasiya graphite project in Malawi" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
Sovereign Metals Limited (ASX:SVM) stock most popular amongst retail investors who own 54%, while public companies hold 21%
Sovereign Metals' significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public The top 25 shareholders own 45% of the company 11% of Sovereign Metals is held by insiders A look at the shareholders of Sovereign Metals Limited (ASX:SVM) can tell us which group is most powerful. The group holding the most number of shares in the company, around 54% to be precise, is retail investors. Put another way, the group faces the maximum upside potential (or downside risk). Meanwhile, public companies make up 21% of the company's shareholders. In the chart below, we zoom in on the different ownership groups of Sovereign Metals. See our latest analysis for Sovereign Metals Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Sovereign Metals. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Sovereign Metals' historic earnings and revenue below, but keep in mind there's always more to the story. We note that hedge funds don't have a meaningful investment in Sovereign Metals. The company's largest shareholder is Rio Tinto Group, with ownership of 20%. In comparison, the second and third largest shareholders hold about 7.7% and 2.8% of the stock. Ian Middlemas, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that insiders maintain a significant holding in Sovereign Metals Limited. It has a market capitalization of just AU$576m, and insiders have AU$63m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. The general public, who are usually individual investors, hold a substantial 54% stake in Sovereign Metals, suggesting it is a fairly popular stock. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio. We can see that Private Companies own 4.4%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. We can see that public companies hold 21% of the Sovereign Metals shares on issue. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Sovereign Metals , and understanding them should be part of your investment process. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. 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
