Latest news with #Trident
The National
2 days ago
- Politics
- The National
Minorities are being blamed for failures of the UK class system
Oh, there were some workers already on strike in disputes with bosses as well as government; Birmingham bin workers, for instance. Us working-class folk should be in complete solidarity with them, but they did NOT come out on strike in response to calls from fascist fans of that con man Stephen Yaxley-Lennon, who uses the alias 'Tommy Robinson'. READ MORE: SNP call out BBC over 'unacceptable' Hamilton by-election programme Fascists did manage to assemble in various places, but they weren't 'on strike'. The number of folk who actually went on strike in response to this ridiculous call for a 'Great British Strike' was zero. From my point of view, it's not just Sir Kid Starver's regime that is corrupt, the entire 'United' Kingdom ruling class is a mass of corruption. There is widespread, justified anger. This was an attempt by fascists to harness that widespread anger for their own advancement. Their attempt ended in abject failure, but they will probably try again. Like all fascists, they seek to blame minorities for things that are in fact failures by the class system. The best way to defeat them is through challenging corrupt class rule with genuine working-class solidarity. Dave Coull Findowrie AFTER nearly a year in office, Labour's betrayal is obvious. Like under the Tories, the poor and vulnerable are again targeted. From the winter heating debacle and failure to protect the Grangemouth refinery, to the plight of the Waspi women and the war on benefit claimants along with the fishing industry, this UK Labour Government is faltering. With fuel bills soaring, especially in Scotland, and more people going hungry, the cost of living is leaving many families unable to afford the basics. Surely any Labour government should be targeting the billions lost each year in corporate tax avoidance and fraud. Indeed, instead of stealth taxes, a penny rise in income tax would bring in billions for the NHS, rail and roads; along with abandoning Trident, Britain's broken-down, American-owned, so-called independent nuclear deterrent. READ MORE: Angela Rayner cancels by-election appearance amid protests Furthermore it's actively rumoured that the UK fleet of Vanguard submarines, which carry the outdated Trident nuclear missile system only 20 minutes from Glasgow, is falling apart! These weapons of mass destruction, at huge expense, do not protect us but actually make us a target! In truth, only a richly endowed independent Scotland (in line with happy and prosperous Nordic countries), in full control of all its assets, can progress towards a fairer, greener and prosperous nation; working with the other nations of the British Isles, Europe and the world. Grant Frazer Newtonmore FOR those who have lived and practised in the 'managed decline' era of our NHS, the Auditor General of Scotland, Stephen Boyle, offered some hope this week. Against a background of continued failure of current political and senior managers to fully address excess mortality and more than half a million anxious people on waiting lists, Mr Boyle informed us this week that in order to remain 'affordable and sustainable', NHS Scotland's governance needs to be strengthened and that reform is urgently necessary. This 'reformation' has been called for from voices in the wilderness for decades now and amounts to this. The multiple levels of a self-propagating, top-down managerialism and political interference in the goal-setting and delivery of care to the sick and the worried well by doctors and nurses has to end. In addition, the constant drain on resources by inflated and non-contributory corporate salaries on health boards and the numerous parasitic panoply of legal and consultancy gravy trains linked to 'marketisation' need to be thoroughly scrutinised by disinterested experts, namely the Scottish public! READ MORE: Ukip plans for 'mass deportation' rally in Scotland 'pathetic' Once again, I and my people call for an urgent national conversation in a national health convention heavily recruited from a breadth of our citizenry and not a perfunctory 'consultation' run by the politicians and so-called experts who have overseen the evolution of the present crisis. It cannot be overstated the extent to which true national 'reformation' policies in all the domains of public services, not only the NHS, will provide a meaningful alternative to Reform UK in Scotland. In the year leading up to the Holyrood elections, I hope to see all patriotic parties provide some kind of vision for the health of the nation that heeds the Auditor General's critique of the malgovernance and mismanagement of the NHS. The well-researched and radical work of Common Weal, the non-party-political think tank, would be a good place for policy-makers to start, and multiple freedom of information requests from individual citizens about corporate remuneration, expenses, procurement, 'time and motion' studies and legal and PR expenditure in health boards could start the 'audit' process that will begin the 'reformation' that is urgently necessary. Lives literally depend on it! Dr Andrew Docherty Selkirk OUR beloved PM described the car crashing into the public in Liverpool as appalling. I've yet to hear him use that word to describe the indiscriminate bombing and starvation of a civilian population. Jim Butchart via email
Yahoo
2 days ago
- Business
- Yahoo
Trident Resources Announces Appointment of Scott Broughton as Strategic Advisor
Vancouver, BC, May 29, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) ('Trident' or the 'Company') is pleased to announce the appointment of Mr. Scott Broughton as a Strategic Advisor. Scott Broughton is an accomplished mine development and minerals exploration professional with global experience in the mining sector for over 35 years. He has worked in diverse geographic and technical settings with international consulting practices including time at Stantec, BGC and Klohn Crippen Berger. Mr. Broughton has also led several public and private mineral exploration businesses focused on gold, copper, lead/zinc, and industrial minerals. His work has been recognized by governments and industry associations for excellence in community engagement, permitting and the environment. Mr. Broughton has an extensive mining network and has served as past chair of the Mining Association of British Columbia (MABC) and a director of the Association of Mineral Explorers of BC (AMEBC). Jon Wiesblatt, Trident's CEO and a Director, commented: "I am excited to welcome Scott as a strategic advisor to our emerging, pure-play Saskatchewan advanced-stage exploration company. Scott's exploration and engineering experience will be crucial as we advance our projects. Specifically, as we explore at Contact Lake, a past producing, high-grade, underground operation, Mr. Broughton's skillset will become very useful in helping to achieve success at the project." Trident Engages Strategic Marketing Groups: Trident has entered into an agreement with Plutus Invest and Consulting GmbH ('Plutus'), pursuant to which Plutus will provide the Company with marketing and communications services for a twelve-month term commencing on May 28th, 2025. The marketing services provided by Plutus will include consulting with the Company's management in building investor awareness through Plutus' network in Europe. The Company has agreed to pay Plutus a fee of CAD $120,000, payable upon the commencement of services and over the term. Plutus is arm's length to the Company and Plutus does not have any interest, direct or indirect, in the Company or its securities. The Company's engagement with Plutus is subject to the acceptance of the TSX Venture Exchange. Trident has also engaged Resource Stock Digest ('RSD') for a 3-month advertising and marketing program, commencing on May 28th, 2025, for a total cost of USD $125,000 payable prior to commencement of the campaign. The services provided by RSD to the Company relate to interviews and content creation that is distributed to RSD's subscriber base. The Company is an RSD Website Sponsor and will have a Featured Company Banner on the RSD website and will continue for the duration of the agreement. RSD is arm's length to the Company and does not have any interest, direct or indirect, in the Company or its securities. The Company's engagement with RSD is subject to the acceptance of the TSX Venture Exchange. About Trident Resources Corp.: Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource. Trident's Project Portfolio Map: To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company's website at Trident Resources Corp. Jonathan Wiesblatt, Chief Executive OfficerEmail: For further information contact myself or:Andrew J. Ramcharan, PhD, Corporate Communications Trident Resources Corp.Telephone: 647-309-5130Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@ NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. Forward-Looking Information and Statements This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information. Sign in to access your portfolio
Economic Times
4 days ago
- Business
- Economic Times
JM Financial maintains Buy on Trident, target price Rs 38
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained its Buy call on Trident with an unchanged target price of Rs 38. The current market price of Trident is Rs 33.13. The time period given by analyst is a year when Trident price can reach defined target. Trident, incorporated in 1990, is a Mid Cap company with a market cap of Rs 16882.90 crore, operating in Textiles key products/revenue segments include Towels, Yarn, Bed Sheets, Export Incentives, Waste, Other Operating Revenue, Paper, Others, Sale of services for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1883.36 crore, up 11.95% from last quarter Total Income of Rs 1682.36 crore and up 10.76% from last year same quarter Total Income of Rs 1700.45 crore. The company has reported net profit after tax of Rs 133.42 crore in latest company?s top management includes Gupta, Ahuja, Sangwan, Dewan, Nanda, De Sa, Gupta, Kamal, Ahuja, Sangwan, Dewan, Nanda, De Sa, Kamal. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 510 crore shares reported consol. EBITDA of Rs 2.4 billion, marginally lower than JM Financial estimate of Rs 2.5 billion. Revenue from home?textile segment witnessed growth by ~11% QoQ while revenue from paper segment increased by ~4% QoQ. Textile segment EBIT margins came in at 7.6% during the quarter vs. 5.7% in 3Q while margins for the paper segment increased to 22.3% vs. 21% in 3Q. Consolidated EBITDA margin expanded by 30bps (13.1% vs. 12.8% in 3Q) driven by lower costs vis-a-vis sales. Net debt decreased to Rs 8.9 billion as at end of 4QFY25 vs INR15.3bn as at end of 4QFY24, a reduction of Rs 6.3bn. During the quarter, TGEPL acquired a wholly owned subsidiary THTL Trading LLC in Dubai and acquired 24.5% of equity shares of Trident Global Inc. (TGI) from Trident Home Textiles Limited. The company divested its entire stake in Trident Europe Limited (100%) and Trident Global Inc (73.5%) to TGEPL, following which both entities became wholly-owned subsidiaries of TGEPL. The company received insurance claim amounting to Rs 253.2 million for the fire accident in 1Q and charged off Rs 39 million, which it assessed as not recoverable after the final statement. JM Financial revised its earnings downward by 22% / 17% driven by lower than expected growth. They rolled forward the target price to FY28 with a P/E multiple of 28x. Maintains held 73.68 per cent stake in the company as of 31-Mar-2025, while FIIs owned 3.02 per cent, DIIs 0.1 per cent.
Time of India
4 days ago
- Business
- Time of India
JM Financial maintains Buy on Trident, target price Rs 38
JM Financial has maintained its Buy call on Trident with an unchanged target price of Rs 38. The current market price of Trident is Rs 33.13. The time period given by analyst is a year when Trident price can reach defined target. Trident, incorporated in 1990, is a Mid Cap company with a market cap of Rs 16882.90 crore, operating in Textiles sector. Trident's key products/revenue segments include Towels, Yarn, Bed Sheets, Export Incentives, Waste, Other Operating Revenue, Paper, Others, Sale of services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1883.36 crore, up 11.95% from last quarter Total Income of Rs 1682.36 crore and up 10.76% from last year same quarter Total Income of Rs 1700.45 crore. The company has reported net profit after tax of Rs 133.42 crore in latest quarter. The company?s top management includes Gupta, Ahuja, Sangwan, Dewan, Nanda, De Sa, Gupta, Kamal, Ahuja, Sangwan, Dewan, Nanda, De Sa, Kamal. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 510 crore shares outstanding. Investment Rationale Trident reported consol. EBITDA of Rs 2.4 billion, marginally lower than JM Financial estimate of Rs 2.5 billion. Revenue from home?textile segment witnessed growth by ~11% QoQ while revenue from paper segment increased by ~4% QoQ. Textile segment EBIT margins came in at 7.6% during the quarter vs. 5.7% in 3Q while margins for the paper segment increased to 22.3% vs. 21% in 3Q. Consolidated EBITDA margin expanded by 30bps (13.1% vs. 12.8% in 3Q) driven by lower costs vis-a-vis sales. Net debt decreased to Rs 8.9 billion as at end of 4QFY25 vs INR15.3bn as at end of 4QFY24, a reduction of Rs 6.3bn. During the quarter, TGEPL acquired a wholly owned subsidiary THTL Trading LLC in Dubai and acquired 24.5% of equity shares of Trident Global Inc. (TGI) from Trident Home Textiles Limited. The company divested its entire stake in Trident Europe Limited (100%) and Trident Global Inc (73.5%) to TGEPL, following which both entities became wholly-owned subsidiaries of TGEPL. The company received insurance claim amounting to Rs 253.2 million for the fire accident in 1Q and charged off Rs 39 million, which it assessed as not recoverable after the final statement. JM Financial revised its earnings downward by 22% / 17% driven by lower than expected growth. They rolled forward the target price to FY28 with a P/E multiple of 28x. Maintains BUY. Promoter/FII Holdings Promoters held 73.68 per cent stake in the company as of 31-Mar-2025, while FIIs owned 3.02 per cent, DIIs 0.1 per cent.
Yahoo
4 days ago
- Business
- Yahoo
ATL Partners Announces Sale of Geost to Rocket Lab and Launches New Defense Electronics Platform, Trident Solutions
NEW YORK, May 27, 2025--(BUSINESS WIRE)--ATL Partners ("ATL"), a sector-focused private equity firm, today announced the sale of Geost, LLC ("Geost"), a subsidiary of its portfolio company LightRidge Solutions, to Rocket Lab USA, Inc. (Nasdaq: RKLB), a leading space systems and launch services provider. This transaction represents a successful exit for ATL, which acquired Geost in 2021 and, in partnership with management, scaled the business into a market leader in electro-optical and infrared (EO/IR) sensing technologies supporting high-priority national security space missions. With more than 20 years of flight heritage across classified and unclassified missions, Geost delivers advanced EO/IR sensor systems for missile warning and tracking, tactical intelligence, surveillance and reconnaissance, Earth observation, and space domain awareness – core capabilities for achieving the U.S. Department of Defense's goals for resilient, proliferated space architectures such as the proposed Golden Dome. ATL takes a thematic approach to investing and is focused on three critical, high-growth and attractive segments of the industrial economy: commercial aerospace, national security, and transportation & logistics. Accordingly, in 2021, ATL established LightRidge Solutions as a platform to acquire national security-focused assets following the acquisition of Geost. Under ATL's ownership, Geost entered new critical mission areas, introduced innovative and affordable products for its customers, and expanded its production and engineering base to be a leading supplier of payloads. Rocket Lab's acquisition affirms the value and technical excellence Geost brings to the EO/IR payload space and meaningfully enhances Rocket Lab's integrated solutions for defense and intelligence customers. "Under ATL's ownership, Geost has been transformed into a disruptive and innovative space technology business," said Michael Kramer, a Partner at ATL Partners. "We have worked closely with Geost's talented team to accelerate growth, deepen technical capabilities, and expand customer engagement. Geost's contributions to missile warning, space domain awareness and protection, and proliferated LEO architectures have been fundamental to this success. Rocket Lab is a compelling new home for Geost's team and mission, and we are excited to see what comes next." Bill Gattle, Geost's General Manager and CEO of LightRidge Solutions, said, "We are incredibly grateful to ATL Partners for its support and strategic guidance over the past four years. With ATL's backing, we have grown into an industry leader, delivering technologies that address real mission needs for government and commercial customers. By joining forces with Rocket Lab, we are enhancing our ability to scale, accelerate innovation, and broaden our impact. We look forward to this next chapter as we continue to meet the evolving challenges of our customers and the industry." ATL Launches Trident as a Defense Electronics Platform Upon the closing of this transaction, ATL will combine the two remaining divisions of LightRidge, Trident Systems and Ophir Corporation, to form a newly integrated platform, Trident Solutions. This new entity will focus exclusively on providing mission critical electrical components, processing solutions, and airborne payloads that are aligned with the country's most pressing national security challenges. ATL believes that Trident Solutions is well positioned to serve as a partner of choice for many leading prime and government customers across multiple domains as well as capitalize on growing opportunities in defense electronics, national security space, and advanced airborne systems. ATL Partners will continue to actively support Trident Solutions as it expands its platform through both organic growth and strategic acquisitions. The transaction is subject to regulatory review and approval which is expected to be obtained in the second half of 2025. LightRidge and Rocket Lab will operate as independent businesses and run their operations as usual until that time. Baird served as financial advisor and Gibson, Dunn & Crutcher LLP served as legal counsel to LightRidge. About ATL Partners: Founded in 2014, ATL Partners is a premier sector-focused private equity firm that invests in commercial aerospace, national security, and transportation & logistics companies. ATL brings deep sector expertise to its investment approach with experienced investment professionals and strong operating executives who have decades of combined experience in each of ATL's core sectors. For more information about ATL Partners, visit About Geost Founded in 2004, Geost, LLC, a LightRidge Solutions Company and portfolio company of ATL Partners, is a rapidly growing producer of affordable high-performance optical systems for critical national security space missions. The company has served its core National Security Space customer base since its founding and employs over 100 high performing professionals. For more information on Geost visit: View source version on Contacts Media: Nathaniel Garnick/Justin DechiarioGasthalter & Co.(212) 257-4170 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
