Musings on Markets

JANUARY 21, 2023

In this post, I will begin by chronicling the damage done to equities during 2022, before putting the year in historical context, and then examine how developments during the year have affected expectations for the future. Actual Returns Your returns on equities come in one of two forms. Stocks: The What? at the start of that year.

Equity 72

Equity Risk Premium Start-ups Dividends 72

Benzinga

APRIL 23, 2024

SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. NASDAQ: ROIC ) announced today financial and operating results for the three months ended March 31, 2024. per diluted share) FFO per diluted share guidance for 2024 reaffirmed ($1.03 - $1.09 FFO for the first quarter of 2024 was $37.9

Dividends 40

Dividends Intangible Assets Start-ups EBITDA 40

Reynolds Holding

JANUARY 28, 2024

Entering 2024, ongoing international instability, rapidly changing technology and the United States presidential campaign are certain to impact the corporate landscape. The ISS 2024 compensation policy updates include a roadmap for companies seeking to change an ISS say-on-pay voting recommendation. Compensation Clawbacks.

Dividends 53

Dividends Marketability Compliance Equity 53

Benzinga

AUGUST 12, 2024

12, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE: ENSV ) ("Enservco" or the "Company"), today announced the closing of its previously-announced acquisition of Buckshot Trucking LLC ("Buckshot") (the "Buckshot Transaction"). million of stockholders' equity. million of stockholders' equity.

Equity 40

Equity Dividends Compliance Finance 40

Brian DeChesare

JANUARY 3, 2024

and far too little in equities. When the markets rallied after the initial COVID sell-off in March 2020, I put more cash into equities and real estate. And I reallocated these proceeds into crypto and equities and put in some excess cash. But my real estate investment funds were down ~10% , which hurt. I sold most of my U.S.

Marketability 59

Marketability Start-ups Equity Dividends 59

Global Finance

OCTOBER 31, 2024

Fifteen banks and three asset management firms shared 28 awards, including three newly added for 2024: Most Innovative Asset Manager, Best Bank for Overseas Branch Services, and Star of Hong Kong. Supporting innovative manufacturers with financing for research and development is also assuming a more prominent place on bank agendas.

Banking 52

Banking Finance Technology Start-ups 52

Reynolds Holding

MAY 20, 2024

One of the keys of successful private equity investing is properly aligning the economic incentives and interests of the sponsor and its portfolio companies’ management teams as they evolve over time. private equity transactions, sponsors now often grant tax-advantaged profits interests to the U.S.

Equity 45

Equity Fair Market Value Dividends Marketability 45

Benzinga

MARCH 5, 2024

dollar exchange rate on March 4, 2024. pence per share in cash along with a special dividend per share of 2.5 pence in place of a final dividend for the year ended December 31, 2023. pence per share in cash along with a special dividend per share of 2.5 As per the terms, Spirent shareholders will receive 172.5

Dividends 59

Dividends Technology Equity 59

Benzinga

SEPTEMBER 3, 2024

(NASDAQ: DECA , the "SPAC")) announce the signing of an agreement and plan of merger for a proposed business combination (the "Business Combination Agreement"), which provides for a pre-transaction equity value of Semnur of $2.5 03, 2024 (GLOBE NEWSWIRE) -- Semnur Pharmaceuticals, Inc. have approved the proposed transaction.

Equity 40

Equity Dividends Marketability 40

Benzinga

DECEMBER 26, 2023

HSBC said in an exchange filing that the transaction is expected to close in the first quarter of 2024. The company is also planning to pay a special dividend of $0.21 The Canadian government has approved the acquisition. per share as a priority use of the proceeds from this sale in the. Full story available on Benzinga.com

Banking 52

Banking Dividends Equity Marketability 52

Benzinga

AUGUST 22, 2024

Image Source: Zacks Investment Research Robust Growth Prospects The Zacks Consensus Estimate for MarketAxess' 2024 earnings is pegged at $7.06 from the 2024 estimated figure. from the 2024 estimated figure. Northbound Estimate Revision The Zacks Consensus Estimate for 2024 earnings has been revised 0.7%

Equity 52

Equity Dividends Marketability 52

Benzinga

MAY 30, 2024

Yesterday, ConocoPhillips also disclosed that it expects to increase its ordinary base dividend per share by 34% to $0.78 starting in the fourth quarter of 2024. It targets repurchasing over $7 billion in shares in the first full year (up from over $5 billion standalone) and over $20 billion in shares in the first three years.

Enterprise Value 52

Enterprise Value Dividends Start-ups Equity 52

Benzinga

MARCH 28, 2024

March 28, 2024 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. ("CBNK" or "Capital") (NASDAQ: CBNK ) and Integrated Financial Holdings, Inc. ("IFH") on March 26, 2024, the implied per share purchase price, inclusive of the cash consideration, is $27.66. ROCKVILLE, Md., Based on the closing price of Capital common stock of $20.00

Banking 40

Banking Dividends Book Value Equity 40

Benzinga

JULY 22, 2024

ET HOUSTON and MIDLAND, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. Acquired assets are expected to generate approximately $136 million of third quarter 2024 annualized adjusted EBITDA, exclusive of any anticipated synergies. third quarter of 2024 annualized adjusted EBITDA. Full story available on Benzinga.com

Dividends 45

Dividends EBITDA Enterprise Value Equity 45

Benzinga

DECEMBER 11, 2023

billion within 12 months and expect to retain its investment grade credit ratings Combined position builds upon Occidental's subsurface understanding and leading well performance, while providing operational flexibility and upside Occidental also announced its intention to increase the quarterly common stock dividend per share by $0.04

Dividends 40

Dividends Finance Equity 40

Benzinga

MAY 29, 2024

premium to the closing share price of Marathon Oil on May 28, 2024, and a 16.0% The acquisition deal is projected to close in the fourth quarter of 2024, subject to the approval of Marathon Oil stockholders and other customary closing conditions. The acquisition price represents a 14.7%

Enterprise Value 105

Enterprise Value Dividends Equity 105

Chris Mercer

FEBRUARY 14, 2024

And more than a few appraisers use these stale and tired studies to guess at marketability discounts in 2024. ” The pricing and discounts of these ancient studies have nothing to do with private company valuation in 2024. The valuation date is January 31, 2024. of Integrated Theory 3.

Marketability 52

Marketability Dividends Appraisal Business Valuation 52

Benzinga

NOVEMBER 7, 2023

vi In addition, following the closing of the Merger(s), as applicable, MFIC will pay a cash dividend of $0.20 per share special dividend will be determined by the MFIC Board of Directors based upon the timing of the closings of the Merger(s). The exact record date for the $0.20 The exact record date for the $0.20

Dividends 40

Dividends Marketability Equity Market Capitalization 40

Benzinga

FEBRUARY 12, 2024

12, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. of the combined company and Endeavor's equity holders are expected to own approximately 39.5% Diamondback today also announced that the Company's Board of Directors will approve a 7% increase to its base dividend to $3.60 MIDLAND, Texas, Feb. of the combined company.

Net Debt 40

Net Debt Dividends Equity Marketability 40

Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year. Return on Equity 1. Dividends and Potential Dividends (FCFE) 1. Return on Equity 2.

Dividends 100

Dividends Risk Premium Equity Book Value 100

Reynolds Holding

NOVEMBER 30, 2023

In the 2024 proxy statement, if the registrant uses the same peer group for 2023 as it used for 2022, the registrant should present its peer group total shareholder return for each of the years in the table using the 2023 peer group. Answer: Yes. November 21, 2023] Question 128D.24 Answer: No.

Compliance 40

Compliance Total Shareholder Return Dividends Market Capitalization 40

Reynolds Holding

SEPTEMBER 29, 2024

Certain sections of the Proposed Regulations apply to tax years ending September 13, 2024, while other sections apply to tax years ending after the date the final regulations are published. mark to market adjustments or income inclusions attributable to the application of the equity method with respect to the investment in the subsidiary).

Treasury 45

Treasury Dividends Start-ups Fair Market Value 45

Farrel Fritz

JANUARY 2, 2024

This first post of 2024 brings the New York Business Divorce Blog into its eighteenth calendar year of weekly commentary on disputes among co-owners of closely held businesses. 21, 2023]), which tees up one of the first must-see business divorce trials of 2024. A Loan or Equity Purchase? The Oral Investment Agreement.

Equity 59

Equity Dividends 59

Benzinga

JULY 8, 2024

The deal, subject to customary conditions and price adjustments, is expected to close by the end of the third quarter of 2024 and become effective on June 1, 2024.

Dividends 52

Dividends Equity 52

Benzinga

DECEMBER 26, 2023

per share in cash, for a total equity value of approximately $4.1 RayzeBio is completing construction of a state-of-the-art in-house manufacturing facility in Indianapolis, Indiana, and GMP drug production is expected to begin in the first half of 2024. and SAN DIEGO, Dec. billion, or $3.6 billion net of estimated cash acquired.

Alpha 40

Alpha Dividends Finance Equity 40

Musings on Markets

AUGUST 19, 2024

While the writing for the book was largely done by November 2022, publishing does have a long lead time, and the book, published by Penguin Random House, will be available on August 20, 2024, at a book shop near you. If you are concerned that you are going to be hit with a sales pitch for that book, far from it!

Corporate Finance 98

Corporate Finance Finance Start-ups Dividends 98

Musings on Markets

JANUARY 31, 2024

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital.

Equity 78

Equity Book Value Start-ups Corporate Finance 78

Musings on Markets

SEPTEMBER 9, 2024

billion, has been more cash drain than flow , and in 2024, Ms. Revenue growth at Starbucks has slackened over time, but it has remained robust even in the most recent period (2022-2024). If managers have enough skin in the game, i.e., equity stakes in the company, their decisions will be often very different than if they do not.

Start-ups 109

Start-ups Marketability Market Capitalization Equity 109

Benzinga

SEPTEMBER 6, 2023

Net operating income attributable to common shareholders is a non-IFRS measure which represents the net income attributable to shareholders, excluding the after-tax impact of non-operating results, net of net income (loss) attributable to non-controlling interests (non-operating component), preferred share dividends and other equity distributions.

Discounted Cash Flow 40

Discounted Cash Flow Net Present Value Book Value Dividends 40

Musings on Markets

SEPTEMBER 5, 2024

In fact, a significant portion of sell side equity research is dedicated to this activity, with revisions made to the expected earnings, as you get closer and closer to the next earnings report. on June 18, 2024, and a low of $92.06, on August 5, before ending at $125.61

Marketability 118

Marketability Start-ups Discounted Cash Flow Market Capitalization 118

Musings on Markets

OCTOBER 28, 2024

In keeping with my inability to stay focused, that then led me to also think about sovereign wealth funds, an increasingly powerful presence in both private and public equity markets, and then about green energy, a favored destination for impact investors over the last two decades.

Start-ups 66

Start-ups Alpha Equity Marketability 66

Benzinga

OCTOBER 22, 2023

After 16 years of operating in the public equity markets, we are very excited to start this new chapter as a private company. Prior to closing, Textainer intends to maintain its current quarterly dividend on both the Textainer common and preference shares. Textainer has operated since 1979, becoming a publicly traded company in 2007.

Enterprise Value 40

Enterprise Value Dividends Finance Equity 40

Benzinga

DECEMBER 21, 2023

The full text follows: Dear Fellow Stockholders, On January 4, 2024, we are holding our Special Stockholder Meeting to vote on our proposed merger with Standard BioTools – a merger that we believe is in the best interests of all SomaLogic stockholders. 21, 2023 (GLOBE NEWSWIRE) -- SomaLogic, Inc. Facts matter.

Capital Structure 40

Capital Structure Dividends Equity Marketability 40

Benzinga

JULY 2, 2024

NASDAQ: DECA ) ("SPAC") announce signing of a letter of intent for a proposed business combination, which provides for a pre-transaction equity value of Semnur of up to $2.0 July 02, 2024 (GLOBE NEWSWIRE) -- Semnur Pharmaceuticals, Inc. PALO ALTO, Calif.,

Dividends 40

Dividends Equity Marketability 40

Benzinga

FEBRUARY 29, 2024

Introduces Full Year 2024 Guidance Announces Agreement to Acquire Sterling Check Corp. million one-time special dividend payment, $59.0 million one-time special dividend payment, $59.0 million one-time special dividend payment, $59.0 million shares, as of February 23, 2024. million Net Income of $37.3 ATLANTA, Feb.

EBITDA 40

EBITDA Dividends Technology Total Shareholder Return 40

Global Finance

MAY 8, 2024

Last year, UOB fully integrated its acquired Indonesian and Malaysian businesses onto the bank’s platforms while the migration of the Thai and Vietnamese businesses will be completed in the first half of 2024 and 2025, respectively. Maybank’s 60 sen (about $0.13) dividend was the highest payout since the pandemic. billion; a 2.3%

Banking 52

Banking Dividends Start-ups Finance 52

Cooley M&A

APRIL 5, 2024

In response, legislation to resolve the ambiguity created by these decisions has been approved by the influential Council of the Corporation Law Section of the Delaware State Bar Association and is expected to be introduced to the Delaware General Assembly for consideration during its 2024 regular session. 2024 WL 550750 (Del.

Dividends 52

Dividends Marketability Compliance Banking 52