DCF

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

Retrieved on: 
Thursday, January 26, 2023
Banking, Professional Services, Finance, BK, BNY Mellon Investment Management, Newsroom, BNY Mellon, NYSE, DCF, Bank, Fund, Policy, Security (finance)

On January 26, 2023, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on February 24, 2023 to shareholders of record at the close of business on February 9, 2023.

Key Points: 
  • On January 26, 2023, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on February 24, 2023 to shareholders of record at the close of business on February 9, 2023.
  • The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is a division of BNY Mellon, which has $44.3 trillion in assets under custody and/or administration as of December 31, 2022.

Hess Midstream LP Reports Estimated Results for the Fourth Quarter Of 2022

Retrieved on: 
Wednesday, January 25, 2023
Energy, Other Energy, Oil, Gas, Public expenditure, Water, Hess Corporation, Capital expenditure, Term loan, Hess, MVC, NYSE, Maintenance, DCF, Weather, EBITDA, Sponsor, Capital, GAAP, Growth, Global Infrastructure Partners, Petroleum, Video game, Arms industry

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth quarter of 2021.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth quarter of 2021.
  • Hess Midstream’s results contained in this release are consolidated to include the noncontrolling interests in Hess Midstream Operations LP owned by affiliates of Hess Corporation (“Hess”) and Global Infrastructure Partners (“GIP” and together with Hess, the “Sponsors”).
  • We refer to certain results as “attributable to Hess Midstream LP,” which exclude the noncontrolling interests in Hess Midstream Operations LP owned by the Sponsors.
  • Hess Midstream will review fourth quarter financial and operating results and other matters on a webcast today at 12:00 p.m. Eastern Time.

Hardman & Co Research on Cornerstone FS (CSFS): Strong FY22 update and Avila House divestment

Retrieved on: 
Thursday, February 2, 2023
Cornerstone, DCF

The new CEO is proving to be decisive, while benefiting from continuing strong underlying momentum in the company’s end-markets.

Key Points: 
  • The new CEO is proving to be decisive, while benefiting from continuing strong underlying momentum in the company’s end-markets.
  • The trading update released on 11 January 2023 confirmed a strong finish to FY22, with revenue for the last two months of the year coming in £0.5m ahead of expectations, taking the FY22 outturn to £4.8m versus previous guidance of £4.3m.
  • The Avila House disposal announced in December is timely, realising £300,000 upfront and a further similar sum during FY23 from a licensing arrangement.
  • The e-money licence that Avila brought had been superseded by Cornerstone’s own licence.

Hardman & Co Research on Cornerstone FS (CSFS): Pragmatic strategic reset under the new CEO

Retrieved on: 
Sunday, January 22, 2023
Cornerstone, DCF

After a relatively tricky period for the company, the arrival of the new CEO has seen the adoption of a more pragmatic and focused strategy that takes nothing for granted in terms of availability of incremental funding.

Key Points: 
  • After a relatively tricky period for the company, the arrival of the new CEO has seen the adoption of a more pragmatic and focused strategy that takes nothing for granted in terms of availability of incremental funding.
  • Efforts to reduce transaction costs, redirect capex towards more immediately realisable initiatives and a resolute focus on reaching cashflow breakeven are encouraging markers.
  • At the same time, with a reduced emphasis on acquisitions, Cornerstone needs to deliver consistent underlying revenue growth to demonstrate that its core platform and augmented sales resources are able to deliver market share gains.
  • Please click on the link below for the full report:
    If you are interested in meeting the company, you can register your interest by clicking on the above link

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

Retrieved on: 
Wednesday, December 14, 2022
Banking, Professional Services, Finance, Fund, BK, BNY Mellon, NYSE, Policy, Bank, Newsroom, NAV, Mutual fund, DCF, Financial services

On December 14, 2022, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on January 13, 2023 to shareholders of record at the close of business on December 29, 2022.

Key Points: 
  • On December 14, 2022, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on January 13, 2023 to shareholders of record at the close of business on December 29, 2022.
  • BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. is a diversified, closed-end management investment company.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is a division of BNY Mellon, which has $42.2 trillion in assets under custody and/or administration as of September 30, 2022.

Kinder Morgan Announces 2023 Financial Expectations

Retrieved on: 
Wednesday, December 7, 2022
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Joint Ventures, Security (finance), Projected, Gasoline, Environment, DD, West Texas Intermediate, British thermal unit, Venture, Annual report, NYSE, Morgan, CO2, Adjustment, Investment, Debt, EBITDA, GAAP, Ethanol, Growth, News, Nature, Kinder Morgan, WTI, Public expenditure, Table, Henry Hub, DCF, Metal, KMI, Carbon, Oil, Renewable energy, Bookkeeping, Beauty salon, Bank, JVS

Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2023 financial projections.

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2023 financial projections.
  • Our non-GAAP financial measures described further below should not be considered alternatives to GAAP net income attributable to Kinder Morgan, Inc. or other GAAP measures and have important limitations as analytical tools.
  • Net Debt is a non-GAAP financial measure that management believes is useful to investors and other users of our financial information in evaluating our leverage.
  • Reconciliation of Projected Net Income Attributable to Kinder Morgan, Inc. to Projected DCF

Sparta Capital Sends Letter to Board of Directors of Wood Group

Retrieved on: 
Thursday, December 8, 2022
JV, FTSE250, Perception, C·30 C·60 C·90 Go, Keefe, Bruyette & Woods, SFO, Share repurchase, Software, Built environment, Outline, CMD, Sale, Communication, CFO, Roic, BE, IR, EV, Enterprise, LSTK, Bloomberg, John Wood Group, Investment, Policy, EBITDA, History, Capital market, Engineering, Philosophy, Citigroup, OPEX, DCF, FCF, Carbon, Renewable energy, Security (finance), Marketing, Fine chemical, Cryptocurrency, Oil, Risk management, Bank, Life insurance, Silviculture, Public utility, Mobile phone, Commercial property, Management, New Wood River, Wood, Neutral

As you are aware, Sparta Capital is a significant shareholder in Wood Group ("Wood" or "the Company").

Key Points: 
  • As you are aware, Sparta Capital is a significant shareholder in Wood Group ("Wood" or "the Company").
  • Sparta Capital is a multi-strategy investment fund launched in 2021 investing globally in a broad range of public and private securities, across both equity and credit markets.
  • As discussed with you on multiple occasions, we believe that Wood enjoys a leading position in structurally growing markets globally.
  • Wood helps clients deliver value for both operational investment projects as well as capital investment projects.

Maxim Group: Society Pass (Nasdaq: SOPA) - Despite Challenging Global Macro Environment, Reiterates Positive Outlook on SOPA Based on Strong Revenue Generation and Compelling Valuation

Retrieved on: 
Thursday, November 17, 2022
Online, Marketing, Russell, Sopa, Digital, EBITDA, SOPA, Theosophical Society Point Loma - Blavatskyhouse, Travel, SE, MVNO, EV, SEA, Science and technology in Asia, DCF, Southeast Asia, F&B, Human, Ecosystem, Sea Ltd, Equity, Acquisition, Retail, Online shopping, Maxim

During 3Q22 the company acquired Thoughtful Media, a digital influencer, Mangan.ph, restaurant delivery, and NusaTrip, an online travel agency.

Key Points: 
  • During 3Q22 the company acquired Thoughtful Media, a digital influencer, Mangan.ph, restaurant delivery, and NusaTrip, an online travel agency.
  • Maxim believes Thoughtful Media can market SoPa's other brands and the food delivery and luxury brand businesses can be expanded geographically.
  • - SOPA trades at an EV/revenue multiple of 0.5x Maxim 2023 revenue estimate with over half of its market cap in cash.
  • Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

Media and Games Invest (M8G): Swedish re-domicile going ahead

Retrieved on: 
Sunday, November 27, 2022
Research, Acquisition, EGM, Parity, DCF, Financial services, Thomas Edison

The inclusion of recent acquisition Dataseat from July will begin to step up the proportion of revenues and earnings generated from the demand-side.

Key Points: 
  • The inclusion of recent acquisition Dataseat from July will begin to step up the proportion of revenues and earnings generated from the demand-side.
  • Click here to view the full report or here to sign up to receive research as it is published.
  • About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors.
  • Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector.

Media and Games Invest (MGI): Adtech credentials boosted by Google partnership

Retrieved on: 
Sunday, November 27, 2022
Research, EBITDA, DCF, Parity, Pressure, Willem Roelofs, Auction, Thomas Edison

Media and Games Invests (MGIs) media operation, Verve Group, has been made a partner on Googles Open Bidding platform.

Key Points: 
  • Media and Games Invests (MGIs) media operation, Verve Group, has been made a partner on Googles Open Bidding platform.
  • This gives it far wider reach on both the demand (advertiser) side and supply (publisher) side, accessing inventory (advertising opportunities) via real-time auctions.
  • MGIs Q3 revenue growth was strong at 39% (23% organic) and FY22 guidance was lifted, with margin pressure from market conditions resulting in unchanged EBITDA guidance.
  • Googles endorsement should give greater confidence in MGIs medium-term prospects as it concentrates on organic growth rather than on M&A.