Latest news with #shareholdervalue
Bloomberg
a day ago
- Business
- Bloomberg
US Hedge Fund Raider Turns London Defeat to Victory
US hedge fund manager Boaz Weinstein was rebuffed when he tried storming the boardrooms of seven UK investment firms earlier this year. But the activist has since shown he didn't need to win to achieve his goals and to make money. To recap, Weinstein sees an opportunity in publicly traded companies that invest their capital in stocks and sometimes private firms. Shareholders of these so-called investment trusts get something similar to a mutual fund with the added benefit of daily liquidity and access to equity investments they might be unable to make directly. These trusts typically trade at a discount to their underlying portfolio value. Blame corporate bloat – the costs of a board, advisers, financial reporting and so on – and often mediocre to poor investment performance.
Yahoo
2 days ago
- Business
- Yahoo
Palliser Capital Publishes Value Enhancement Plan for Toyo Tires
Value enhancement plan addresses key factors inhibiting Toyo's share price and recommendations to unlock more than 45% upside for all shareholders Presentation first unveiled at Sohn Hong Kong 2025 and now public for all stakeholders LONDON, June 02, 2025--(BUSINESS WIRE)--Palliser Capital ("Palliser"), a significant shareholder in Toyo Tires ("Toyo") (5105 JT), today published a comprehensive presentation on the opportunities available to unlock value at Toyo. To ensure market transparency and respond to requests from shareholders and other stakeholders, Palliser published the presentation first delivered by James Smith, Palliser Founder and Chief Investment Officer, at the Sohn Hong Kong Investment Leaders Conference on May 30, 2025. Toyo, a premium tire brand with a leading U.S. market share in Wide Light Truck Tires, has consistently underperformed and is materially undervalued, trading at a significant discount to peers across key valuation multiples, despite the company's far superior revenue and profitability profile. In Palliser's view, the factors driving this value gap are readily solvable and, if remedied, could deliver over 45% upside to shareholders – or materially more with a Palliser-proposed stakeholder value enhancement committee actively exploring options for Toyo, including interest from multiple PE and strategic buyers. Palliser's enhancement plan includes: Adopting best-in-class performance targets and incentive structures to fully align management incentives and shareholder interests; Implementing a TSE-aligned capital allocation framework, grounded in clear and distinct metrics, returns and hurdle rates; and Conducting a comprehensive review of all strategic options to maximize stakeholder value, including privatization and resolving overhang from Mitsubishi's investment in the company. Full details of the presentation are outlined in the accompanying attachment. About Palliser Capital Palliser Capital is a global multi-strategy fund. Our value-oriented investment philosophy is applied to a broad range of opportunities across the capital structure with a focus on situations where positive change and value enhancement can be achieved through thoughtful, constructive and long-term engagement with companies and across a range of different stakeholder groups. View source version on Contacts Prosek PartnersBrian Schaffer / Kiki Tarkhan / Forrest GitlinPro-Palliser@ Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Palliser Capital Publishes Value Enhancement Plan for Toyo Tires
Value enhancement plan addresses key factors inhibiting Toyo's share price and recommendations to unlock more than 45% upside for all shareholders Presentation first unveiled at Sohn Hong Kong 2025 and now public for all stakeholders LONDON, June 02, 2025--(BUSINESS WIRE)--Palliser Capital ("Palliser"), a significant shareholder in Toyo Tires ("Toyo") (5105 JT), today published a comprehensive presentation on the opportunities available to unlock value at Toyo. To ensure market transparency and respond to requests from shareholders and other stakeholders, Palliser published the presentation first delivered by James Smith, Palliser Founder and Chief Investment Officer, at the Sohn Hong Kong Investment Leaders Conference on May 30, 2025. Toyo, a premium tire brand with a leading U.S. market share in Wide Light Truck Tires, has consistently underperformed and is materially undervalued, trading at a significant discount to peers across key valuation multiples, despite the company's far superior revenue and profitability profile. In Palliser's view, the factors driving this value gap are readily solvable and, if remedied, could deliver over 45% upside to shareholders – or materially more with a Palliser-proposed stakeholder value enhancement committee actively exploring options for Toyo, including interest from multiple PE and strategic buyers. Palliser's enhancement plan includes: Adopting best-in-class performance targets and incentive structures to fully align management incentives and shareholder interests; Implementing a TSE-aligned capital allocation framework, grounded in clear and distinct metrics, returns and hurdle rates; and Conducting a comprehensive review of all strategic options to maximize stakeholder value, including privatization and resolving overhang from Mitsubishi's investment in the company. Full details of the presentation are outlined in the accompanying attachment. About Palliser Capital Palliser Capital is a global multi-strategy fund. Our value-oriented investment philosophy is applied to a broad range of opportunities across the capital structure with a focus on situations where positive change and value enhancement can be achieved through thoughtful, constructive and long-term engagement with companies and across a range of different stakeholder groups. View source version on Contacts Prosek PartnersBrian Schaffer / Kiki Tarkhan / Forrest GitlinPro-Palliser@
Yahoo
4 days ago
- Business
- Yahoo
Knorr-Bremse (ETR:KBX) shareholders have earned a 13% CAGR over the last three years
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. Just take a look at Knorr-Bremse AG (ETR:KBX), which is up 34%, over three years, soundly beating the market return of 16% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 29% in the last year, including dividends. So let's assess the underlying fundamentals over the last 3 years and see if they've moved in lock-step with shareholder returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the three years of share price growth, Knorr-Bremse actually saw its earnings per share (EPS) drop 9.6% per year. This means it's unlikely the market is judging the company based on earnings growth. Given this situation, it makes sense to look at other metrics too. The modest 2.0% dividend yield is unlikely to be propping up the share price. It may well be that Knorr-Bremse revenue growth rate of 6.2% over three years has convinced shareholders to believe in a brighter future. If the company is being managed for the long term good, today's shareholders might be right to hold on. The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail). Knorr-Bremse is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So it makes a lot of sense to check out what analysts think Knorr-Bremse will earn in the future (free analyst consensus estimates) It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Knorr-Bremse the TSR over the last 3 years was 44%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return. It's good to see that Knorr-Bremse has rewarded shareholders with a total shareholder return of 29% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 0.2% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Knorr-Bremse better, we need to consider many other factors. For instance, we've identified 1 warning sign for Knorr-Bremse that you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Knorr-Bremse (ETR:KBX) shareholders have earned a 13% CAGR over the last three years
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. Just take a look at Knorr-Bremse AG (ETR:KBX), which is up 34%, over three years, soundly beating the market return of 16% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 29% in the last year, including dividends. So let's assess the underlying fundamentals over the last 3 years and see if they've moved in lock-step with shareholder returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the three years of share price growth, Knorr-Bremse actually saw its earnings per share (EPS) drop 9.6% per year. This means it's unlikely the market is judging the company based on earnings growth. Given this situation, it makes sense to look at other metrics too. The modest 2.0% dividend yield is unlikely to be propping up the share price. It may well be that Knorr-Bremse revenue growth rate of 6.2% over three years has convinced shareholders to believe in a brighter future. If the company is being managed for the long term good, today's shareholders might be right to hold on. The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail). Knorr-Bremse is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So it makes a lot of sense to check out what analysts think Knorr-Bremse will earn in the future (free analyst consensus estimates) It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Knorr-Bremse the TSR over the last 3 years was 44%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return. It's good to see that Knorr-Bremse has rewarded shareholders with a total shareholder return of 29% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 0.2% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Knorr-Bremse better, we need to consider many other factors. For instance, we've identified 1 warning sign for Knorr-Bremse that you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
