Latest news with #Wish
Yahoo
12 hours ago
- Business
- Yahoo
ContextLogic Inc. (LOGC): A Bull Case Theory
We came across a bullish thesis on ContextLogic Inc. (LOGC) on Substack by Polymath Investor. In this article, we will summarize the bulls' thesis on LOGC. ContextLogic Inc. (LOGC)'s share was trading at $7.85 as of 23rd May 2025. ContextLogic Inc. (LOGC), once a leading e-commerce platform under faced a severe decline from $2.5 billion in revenue in 2020 to just $287 million in 2023, as user engagement dropped sharply and losses exceeded $300 million annually due to an unsustainable business model and high marketing costs. After several failed turnaround attempts and leadership changes, LOGC's board decided in early 2024 to sell its core Wish operations to Qoo10 for $173 million, shedding its loss-making business and emerging as a cash-rich shell with approximately $225 million in cash and substantial net operating loss (NOL) tax assets from prior losses. With significantly reduced expenses and nearly eliminated cash burn, LOGC shifted its focus to leveraging these NOLs—valued at over $567 million federally plus additional state benefits—by acquiring profitable companies to shelter future earnings from taxes, thereby boosting shareholder value. This strategy was reinforced by appointing an activist CEO and partnering with BC Partners, a global investment firm managing $40 billion, which doubled LOGC's cash reserves to around $300 million and brought experienced executives to LOGC's board. BC Partners' involvement addresses critical challenges of funding and deal execution, vital to unlocking value from LOGC's large NOL tax shield. The investment is structured as convertible preferred shares, potentially granting BC Partners a 41.6% stake, aligning interests with LOGC's growth. LOGC's cash position provides a valuation floor near $5–6 per share, while the $2.8 billion NOL shield remains largely unpriced by the market. LOGC plans to acquire profitable businesses, possibly using leverage, to maximize NOL utilization and enhance profits. The company's outlook depends heavily on successfully closing acquisitions and operational improvements, transforming LOGC from a dormant cash shell into a growing, profitable entity with meaningful upside and limited downside risk. Previously, we have covered ContextLogic Inc. (LOGC) in March 2025 wherein we summarized a bullish thesis by TripleS Special Situations on Substack. The author highlighted the company's transformation into a cash-rich shell with $2.7 billion in NOLs following the sale of its e-commerce business. The article emphasized LOGC's strategic partnership with BC Partners and its potential to unlock significant value through acquisitions, while also presenting covered call strategies to enhance returns. Since our last coverage, the stock is up 8.8%. ContextLogic Inc. (LOGC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held LOGC at the end of the first quarter which was 17 in the previous quarter. While we acknowledge the risk and potential of LOGC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LOGC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
The Citizen
08-05-2025
- The Citizen
Former top prosecutor takes over full defence in AKA, Tibz murder case
Former top prosecutor takes over full defence in AKA, Tibz murder case Former National Prosecuting Authority director in KZN, Advocate Simphiwe Mlotshwa, will now represent all the accused in the Kiernan 'AKA' Forbes and Tebello 'Tibz' Motsoane murder case — including those facing extradition from Eswatini. The Witness reports that Mlotshwa was already representing two of the accused. The matter, now transferred to the High Court, returned today for a pre-trial conference following the indictment of the accused in February. AKA and Tibz were gunned down outside the popular Durban restaurant, Wish, on February 10, 2023. The five men — Lindokuhle Thabani Mkhwanazi, Lindani Zenzele Ndimande (35), Siyanda Eddie Myeza (21), Mziwethemba Harvey Gwabeni (36), and Lindokuhle 'Lindo' Ndimande (29) — were arrested in February 2024. They made a brief appearance at the Durban High Court today for the pre-trial. The matter was postponed to June 12 after state prosecutor Advocate Lawrence Gcaba informed the court that the defence attorney was in Eswatini handling the extradition proceedings of two other accused, Siyabonga and Malusi Ndimande. The group faces several charges, including conspiracy to commit murder, two counts of murder, unlawful possession of a firearm, unlawful possession of ammunition, and five counts of attempted murder. In addition, Mkhwanazi, Ndimande, Myeza, and Gwabeni face charges of money laundering involving the acquisition, possession or use of proceeds from unlawful activities. During a previous court appearance, the state revealed it had obtained surveillance footage from King Shaka International Airport allegedly showing Gwabeni waiting for AKA upon his arrival in Durban on the day of the murder. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
IOL News
08-05-2025
- IOL News
Advocate Simphiwe Mlotshwa to represent five accused in AKA's murder case
From left Lindokuhle Mkhwanazi, Lindani Ndimande, Siyanda Myeza, Mziwethemba Gwabeni and Lindokuhle Lindo Ndimande at the Durban High Court for their first appearance Image: Nomonde Zondi The former acting director of public prosecutions in KwaZulu-Natal, Advocate Simphiwe Mlotshwa, will now be the one representing all five men accused of killing South African rapper Kiernan AKA Forbes and his friend, chef Tebello 'Tibz' Motsoane. Advocate Lawrence Gcaba, the KZN deputy director of public prosecutions, revealed this on Thursday at the Durban High Court. Forbes and Motsoane were shot and killed outside Wish restaurant in Durban on Florida Road on February 10, 2023. Slain South African award-winning rapper, AKA Image: Instagram/akaworldwide The five accused, Lindokuhle Thabani Mkhwanazi, Lindani Zenzele Ndimande, Siyanda Eddie Myeza, Mziwethemba Harvey Gwabeni, and Lindokuhle Lindo Ndimande, made a brief appearance in this court. They are charged with two counts of murder, conspiracy to commit murder, five counts of attempted murder, two counts of unlawful possession of a firearm, and unlawful possession of ammunition. Gcaba told the court that attorney Sibusiso Dlamini would be the one representing the accused. 'Advocate Mlotshwa would be instructed by Mr Dlamini,' he said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Former acting NPA head in KwaZulu-Natal Advocate Simphiwe Mlotshwa. Picture: Jacques Naude/African News Agency (ANA) Image: Jacques Naude/African News Agency (ANA) Moreover, he said they agreed that this matter be postponed to June 12 for a pre-trial conference, while Mlotshwa goes to eSwatini for the extradition appeal of the two other accused on this matter, Siyabonga Gezani Ndimande and Malusi Dave Ndimande. Presiding officer Judge Jacqueline Henriques postponed the matter to June 12. Previously, Mlotshwa represented Mkhwanazi and Lindokuhle Lindo Ndimande, while Myeza was represented by attorney Yolanda Gielink; Gwabeni and Lindani were represented by advocate Joe Wolmarans. The State is alleging that Gwabs Mining, owned by Gwabeni, received R803 455 from a company called Bright Circle, where Mfunda Gcaba is a sole director with reference services of consult, when in fact it had been for AKA's murder. Chef Tibz Image: Instagram The money was received a day after the murder. According to the cellphone records, it is alleged that Gwabeni made a phone call to a number linked to Mfunda before the money was deposited. The State said that Gwabeni transferred over R100 000 into the bank accounts of his co-accused. Furthermore, it said Gwabeni followed AKA and his entourage from the airport until he arrived at a hotel in Mhlanga. When Gwabeni applied for bail on new facts, Adv Gcaba said they had received the footage from the airport, which clearly shows Gwabeni following the wrapper while he was on the phone. Additionally, the State alleges that Lindokuhle Lindo Ndimande was at Wish Restaurant whilst AKA was there and chose a spot where the rapper and his company would be in his sight. The State said he was busy on his phone while eating and looking at AKA's direction, and when the shooting occurred, he remained inside and was not shaken like the others were.
IOL News
08-05-2025
- IOL News
Five suspects appear for pre-trial hearing in AKA murder case
South African award-winning rapper, AKA was tragically killed in February 2023 on Florida Road, Durban The five suspects accused of murdering Kiernan 'AKA' Forbes and Tebello 'Tibz' Motsoane are set to appear in the Durban High Court on Thursday for a pre-trial hearing. AKA and Tibz were shot dead while leaving the Wish restaurant in Durban's Florida Road on February 10, 2023. The accused, Lindokuhle Thabani Mkhwanazi, Lindani Ndimande, Siyanda Myeza, Mziwethemba Gwabeni, and Lindokuhle Ndimande, face a raft of charges including murder and money laundering.
Yahoo
06-05-2025
- Entertainment
- Yahoo
When does 'Snow White' come out on Disney+ to stream at home?
Did you skip "Snow White" in theaters so you could wait to watch it at home? Starring Rachel Zegler in the title role and Gal Gadot as the Evil Queen, "Snow White" follows the classic tale with a modern twist as the princess joins a band of outlaws and the seven dwarfs to reclaim her kingdom from her wicked stepmother. When will 'Snow White' come to Disney+? While the studio has yet to announce an official Disney+ release date, current patterns suggest the earliest the film could debut on the platform is late June or early July. Most of Disney's major 2024 theatrical releases, such as "Inside Out 2" and "Wish," arrived on the service at least 100 days after their premiere. One exception was "Mufasa: The Lion King," which is set to land on Disney+ 97 days post-release. "Snow White" released in theaters March 21. Before it hits Disney+, the film will be available for purchase or rental on digital platforms such as Amazon Prime Video, Apple TV+, and YouTube TV. Studios typically wait 45 to 65 days after a theatrical debut to release films digitally, depending on box-office performance. Based on that window, "Snow White" could become available on digital platforms as early as May 5. Sign up for Disney+ and see rates here To watch "Snow White" on Disney+, viewers must subscribe to the platform. Plans begin at $9.99 per month for the ad-supported version. Disney+ does not currently offer a free trial, but subscribers can bundle the service with Hulu and ESPN+. Disney has not commented on whether Snow White's underwhelming box-office performance will affect its home release schedule. Fans are encouraged to stay tuned for official updates. This article originally appeared on Snow White Disney+ release date info and when to stream it
