NEW YORK, June 24, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Outset Medical, Inc. (NASDAQ: OM ), TrueBlue, Inc. (NYSE: TBI), Gap, Inc. (NYSE: GPS) and NeoGenomics, Inc. (NASDAQ: NEO). Our investigations focus on whether these companies have violated federal securities laws and/or engaged in other illegal business practices. Additional information on each case can be found at the link provided.

Outset Medical, Inc. (NASDAQ:OM)

Outset provided guidance for the second quarter of 2022 in a June 13, 2022 press release. The company announced that it had “implemented a shipping hold on the distribution of its system of Tablo hemodialysis for home use pending Food and Drug Administration (“FDA”) review and clearance of a 510(k) the company submitted for changes made since the original March 2020 clearance of the ‘device. »

Based on this news, Outset shares fell over 34% on June 14, 2022.

For more information on the initial medical investigation, go to: https://bespc.com/cases/OM

TrueBlue, Inc. (NYSE: TBI)

TrueBlue issued a press release during trading hours on June 15, 2022 “announcing[ing]…that Patrick Beharelle has resigned as Chief Executive Officer and member of the board of directors of TrueBlue, effective June 14, 2022.” The Company stated that “Mr. Beharelle’s resignation follows an investigation, conducted by outside counsel, on allegations about his conduct. Based on the findings of the investigation, the Board of Directors determined that he had engaged in behavior that violated TrueBlue’s policies and Code of Conduct. The conduct of Mr. Beharelle in question was unrelated to financial controls, financial statements or corporate performance. »

On this news, TrueBlue’s stock price fell $1.06 per share, or 5%, to close at $18.55 per share on June 15, 2022.

For more information on the TrueBlue investigation, visit: https://bespc.com/cases/TBI

Gap, Inc. (NYSE:GPS)

On May 20, 2022, during trading hours, The the wall street journal published an article titled “Old Navy Made Clothing Sizes for Everyone. It turned against him. The clothing brand’s push for inclusivity has left it with a dearth of midsizes. ‘It’s super frustrating.’ The article stated, “Old Navy is committed to making apparel shopping more inclusive for women of all body types. It ended with too many extra-small and extra-large items and too little of the rest, a mismatch that frustrated customers and contributed to plummeting sales and a reshuffle in management. Additionally, the article stated that “Gap warned that sales for the spring quarter will be lower than expected, in part due to issues at Old Navy.[,]” but this “[t]Extended sizes were the culprit, according to current and former employees. Finally, the article stated that “Old Navy’s stumbles do not bode well for Gap Inc. In 2021, Old Navy accounted for 54% of company sales and about 80% of profits.[.]”

On this news, Gap Inc. stock fell $0.60 per share, or 5.5%, to close at $10.33 on May 23, 2022, the next full trading day.

For more information on the Gap survey, visit: https://bespc.com/cases/GPS

NeoGenomics, Inc. (NASDAQ: NEO)

NeoGenomics specializes in cancer genetic testing and information services and aims to provide comprehensive menus of oncology-focused tests worldwide for physicians to help them diagnose and treat cancer.

On Monday, March 28, 2022, NeoGenomics chief executive Mark Mallon resigned as the health testing company revealed that first-quarter financial results would lack guidance and canceled its full-year guidance.

On this news, NeoGenomics stock price fell $5.30 per share, or approximately 29.8%, from $17.79 per share to close at $12.49 per share on March 29, 2022.

For more information on the NeoGenomics survey, visit: https://bespc.com/cases/NEO

About Bragar Eagel & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.

Contact information:

Bragar Eagel & Squire, CP
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Camden National Co. (NASDAQ: CAC – Get a rating) Director David C. Flanagan acquired 348 shares of Camden National in a transaction on Friday, June 17. The shares were purchased at an average cost of $44.45 per share, with a total value of $15,468.60. Following the completion of the acquisition, the director now owns 20,150 shares of the company, valued at approximately $895,667.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

Shares of Camden National were up $0.24 during trading hours on Wednesday, hitting $45.18. The company had a trading volume of 86 shares, compared to an average volume of 37,794. Camden National Co. has a one-year low of $41.48 and a one-year high of $52.16. The company has a fifty-day simple moving average of $44.67 and a 200-day simple moving average of $47.25. The company has a debt ratio of 0.09, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $662.34 million, a PE ratio of 10.17 and a beta of 0.85.

Camden National (NASDAQ:CAC – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The financial services provider reported earnings per share (EPS) of $1.14 for the quarter, beating the consensus estimate of $1.02 by $0.12. The company posted revenue of $46.19 million in the quarter, compared to analyst estimates of $46.09 million. Camden National had a return on equity of 12.52% and a net margin of 33.66%. In the same quarter last year, the company earned earnings per share of $1.32. On average, research analysts expect Camden National Co. to post an EPS of 4.3 for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Friday, April 15 received a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 13. This represents a dividend of $1.60 on an annualized basis and a yield of 3.54%. Camden National’s payout ratio is 36.20%.

Separately, StockNews.com began covering Camden National in a report on Thursday March 31. They issued a “hold” rating for the company.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its holdings of Camden National shares by 1.6% in the first quarter. BlackRock Inc. now owns 1,207,144 shares of the financial services provider worth $56,784,000 after purchasing an additional 18,448 shares during the period. Dimensional Fund Advisors LP increased its holdings of Camden National shares by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 761,452 shares of the financial services provider worth $35,819,000 after purchasing an additional 9,188 shares during the period. Vanguard Group Inc. increased its holdings of Camden National shares by 2.2% in the first quarter. Vanguard Group Inc. now owns 726,669 shares of the financial services provider worth $34,183,000 after purchasing an additional 15,892 shares during the period. State Street Corp increased its holdings of Camden National shares 7.4% in the first quarter. State Street Corp now owns 399,048 shares of the financial services provider worth $18,771,000 after purchasing an additional 27,344 shares during the period. Finally, Renaissance Technologies LLC increased its equity stake in Camden National by 8.9% in the fourth quarter. Renaissance Technologies LLC now owns 369,300 shares of the financial services provider worth $17,785,000 after purchasing an additional 30,200 shares during the period. Institutional investors and hedge funds hold 66.03% of the company’s shares.

Camden National Business Profile (Get a rating)

Camden National Corporation operates as a bank holding company for Camden National Bank which provides a variety of commercial and consumer banking products and services to consumer, institutional, municipal, non-profit and commercial customers. The Company accepts Checking, Savings, Term and Negotiated Deposits, as well as deposits with the Certificate of Deposit Account Registration System.

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Should you invest $1,000 in Camden National right now?

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MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Camden National wasn’t on the list.

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A congresswoman who backed a measure barring members from trading in stocks owns thousands of dollars in stock of green energy companies that have lobbied for congressional grants, according to financial reports.

Kansas Democratic Rep. Sharice Davids, who joined lawmakers in April demanding restrictions on members and their families owning and trading stocks, invested up to $17,000 in Maxeon Solar Technologies, SunPower Corporation and FuelCell Energy, according at its last filing in May.

davids reported his FuelCell stock worth between $1 and $1,000 in July 2019 when he first filed upon taking office. It also quoted between $1,001 and $15,000 of SunPower stock that year and first reported between $1 and $1,000 of Maxeon stock in August 2021. according to a deposit.

Those companies, however, lobbied Congress for green energy legislation and tax credits, according to the disclosures. (RELATED: EXCLUSIVE: Ethics watchdog demands Senate ethics inquiry into ‘clear violation’ of lawsuit filing after DCNF probe)

FuelCell spent $30,000 lobbying between January and February “to restore fuel cell tax credits and Department of Energy fuel cell research funding.” according to its report covering this period. SunPower, which finances solar products, spent $60,000 during this same period on “matters related to the commercial and residential investment tax credit[s]and on several bills, including the Democratic Infrastructure Bill, known as the Build Back Better Act, which spent $555 billion in provisions for green energy.

Maxeon, which designs solar products and spent $40,000 lobbying in 2021, according at OpenSecrets, said in February, it was “waiting” to see “policy changes” first, including the “potential passage” of the Biden-endorsed infrastructure bill, before expanding manufacturing in the United States.

Davids and other lawmakers who demanded restrictions on stock trading in April said they were “ready to work” on stock market reforms to avoid “serious” conflicts of interest. The Kansas Democrat sits in the House Committee on transport and infrastructure, which has helped form President Joe Biden’s green energy and infrastructure agenda.

“We know that investing in sustainable and resilient infrastructure is an effective way to combat the effects of climate change, and I am exploring this topic as a new member of the Transport and Infrastructure Committee”, said Davids by joining the committee.

Davids lobbying reports and investments were first reported by the Washington Free Beacon.

A spokeswoman for Davids declined the Daily Caller News Foundation’s request for comment, noting that her office is closed for the June 16 federal holiday.

“I’ll get back to you tomorrow,” the spokeswoman said.

Fuelcell, Maxeon and Sunpower did not immediately respond to a comment request.

Content created by the Daily Caller News Foundation is available at no cost to any eligible news publisher who can provide a large audience. For license opportunities for our original content, please contact [email protected]

The real estate market is expected to see significant growth in the near term with advances in technology and organizations reorganizing their operations from offices. Given this scenario, we think battered real estate stocks Jones Lang LaSalle (JLL), Comstock Holding Companies (CHCI) and Forestar Group (FOR), which currently look cheap, could be ideal buys now. Read below to find out more.

The outbreak of the COVID-19 pandemic has acted as a massive constraint for the real estate market, as the need for the services offered by these establishments has diminished due to the restrictive measures imposed by the government and the complete closure of business activities.

However, analysts are optimistic about the industry’s long-term outlook. The global real estate market is expected to grow at a CAGR of 9.6% to reach $5.39 trillion in 2026.

With the arrival of digitization in the real estate sector, digital house hunting gained traction with consumers buying or mortgaging homes through virtual features such as 3D tours and drone videos.

Additionally, the growing demand for single-family homes and organizations resuming operations with work from the office are expected to support the growth of this industry.

Given the backdrop, battered real estate stocks Jones Lang LaSalle Incorporated (JLL), Comstock Holding Companies, Inc. (CHIC) and Forestar Group Inc. (FOR) that currently appear to be trading at a discount, might be ideal buys now.

Jones Lang LaSalle Incorporated (JLL)

JLL, a professional services firm, provides real estate and investment management services in the Americas, Europe, the Middle East, Africa and Asia-Pacific.

JLL’s revenue increased 18.9% from the prior year quarter to $4.80 billion in the fiscal quarter ended March 31, 2022.

Net profit for the quarter was $145.60 million, reflecting a 41.4% year-over-year increase, while its adjusted EBITDA was $273.60 million, up 43.9% from the prior year quarter.

The company’s adjusted EPS was $3.47, up 65.2% from the prior year quarter.

Analysts expect JLL’s EPS for the fiscal quarter ending June 2022 to be $4.44, indicating a 5.7% year-over-year increase. Additionally, the company’s EPS is expected to increase 3.1% year-over-year to $20.08 in the current fiscal year.

It has an impressive history of earnings surprises, as it has exceeded Street EPS estimates in each of the past four quarters.

In non-GAAP forward P/E terms, JLL is currently trading at 7.76x, 74.1% below the industry average of 29.92x. Its 12-month price-to-sales multiple of 0.67 is 87.5% below the industry average of 5.35.

JLL’s stock has fallen 42.2% year-to-date to close last trading session at $155.76.

JLL’s strong fundamentals are reflected in its POWR Rankings. The stock has an overall rating of B, which translates to Buy in our proprietary rating system.

POWR ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.

JLL also has a B rating in growth and value. It is ranked #1 out of 44 stocks in the Real estate services industry.

Beyond what is stated above, we also rated JLL for Momentum, Stability, Sentiment, and Quality. Get all JLL ratings here.

Comstock Holding Companies, Inc. (CHIC)

CHCI develops, operates and manages mixed-use and transit-oriented properties primarily in the Washington, DC metropolitan area. The company also offers property development and management services.

On June 13, CHCI announced the completion of two significant transactions with CP Real Estate Services, LC; an entity owned by Christopher Clemente, CEO of Comstock, which should strengthen its balance sheet and position the company for future growth.

The first transaction involves the repurchase of outstanding shares at a discount, while the second transaction represents the replacement and modification of the company’s asset management agreement.

CHCI’s revenue increased 27.6% year-over-year to $8.73 million in the first quarter of Fiscal 2022. Its operating income increased 208.1% from year-on-year value to $1.37 million, while its net profit improved 416.4% year-on-year. at $2.01 million.

The company’s net earnings per share are up 340% from their value a year ago at $0.22.

In terms of last 12 months price/sales, CHCI is currently trading at 1.15x, 78.5% below the industry average of 5.35x. Its 12-month EV/EBIT multiple of 8.13 is 80.8% below the industry average of 42.28.

The stock has fallen 5.2% year-to-date to close the last trading session at $4.60. However, it has gained 12.3% over the past month.

CHCI’s strong fundamentals are reflected in its POWR ratings. The stock has an overall rating of B, which is equivalent to Buy in our POWR rating system.

The company also has a B rating in Value, Momentum, Sentiment and Quality. The stock is ranked #5 in the real estate services sector. To obtain CHCI’s ratings for stability and growth, Click here.

Forestar Group Inc. (FOR)

FOR operates as a residential lot development company in the United States. It acquires land, develops infrastructure for single-family residential communities and sells its finished single-family residential lots to homebuilders.

For the fiscal quarter ended March 31, 2022, FOR’s revenue increased 46.8% year over year to $421.60 million. Net profit attributable to FOR increased by 68.3% over the previous year’s value to $47.80 million.

Additionally, its net earnings per share were $0.96, up 62.7% from the prior year quarter.

Street expects FOR’s revenue for the fiscal quarter ending June 2022 to improve 31.3% year-over-year to $410.93 million.

The consensus EPS estimate of $0.88 for the same quarter represents a 48% increase over the same period last year. FOR has also beaten consensus EPS estimates over the past four quarters.

In non-GAAP forward PER terms, FOR is currently trading at 3.63x, 87.9% below the industry average of 29.92x. Its 12-month EV/EBIT multiple of 5.62 is 86.7% below the industry average of 42.28.

The stock has fallen 38.1% year-to-date to close the last trading session at $13.46.

FOR has an overall rating of B, translating to Buy in our proprietary rating system. The stock is rated A in Growth and Sentiment and B in Value. In the same sector, it is ranked No. 4. Click here to see additional POWR ratings for quality, momentum, and stability for FOR.

JLL shares closed at $167.02 on Friday, up $11.26 (+7.23%). Year-to-date, JLL is down -37.99%, compared to a -22.73% rise in the benchmark S&P 500 over the same period.

About the Author: Komal Bhattar

Komal’s passion for the stock market and financial analysis led her to pursue her career in investment research. Its fundamental approach to stock analysis helps investors identify the best investment opportunities.

After…

The post office 3 battered real estate stocks that look cheap appeared first on StockNews.com

People walk past the booth of China Construction Bank at the 2021 China International Trade in Services Fair (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo

SHANGHAI, June 15 (Reuters) – China Construction Bank Corp (CCB) (601939.SS) began selling 60 billion yuan ($8.9 billion) of bonds on Wednesday, joining peers as they rush to rebuild their capital in response to stricter regulations and government calls. to support an economy affected by the virus.

The Chinese government has asked banks to help stabilize the world’s second-largest economy by lending to small businesses and sectors that have felt the brunt of COVID-19 containment measures in some of the country’s biggest cities in recent months. . Read more

From January to May, subordinated bonds sold by local banks, including Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS) and Bank of China Ltd (BOC) (601988.SS) totaled nearly 400 billion yuan, a 42% jump from the same period a year earlier, data from credit rating firm Fitch Bohua showed.

The debt frenzy comes as monetary easing in China pushes interest rates down and raising capital via equity sales is unlikely, with most banks trading well below book value .

The CCB will use proceeds from the sale of bonds through China’s interbank market this week to supplement its so-called Tier 2 capital. The lender will sell an additional 60 billion yuan of such bonds by the end of 2023, according to reports. exchange documents.

Separately, CCB also plans to sell up to 100 billion yuan of perpetual bonds in China to replenish capital, and up to $3 billion of additional debt in overseas markets.

The surge in bond issuance signals that “commercial banks are preparing and working to stabilize capital adequacy,” said Li Peng, associate director of banks at Fitch Bohua, who expects loans increase in the second half of 2022.

For big banks, raising capital also comes as they face tougher capital rules to absorb losses and avoid financial instability.

China has asked its four largest state lenders – ICBC, CCB, BOC and Agricultural Bank of China Ltd (601288.SS) – to meet specific total loss-absorbing capacity (TLAC) targets from from 2025. read more

The “big four” will face a capital shortfall of at least 3.5 trillion yuan over the next few years, French bank Natixis has estimated.

Small banks, many of which have limited access to capital markets or even depositors, face even tougher capital challenges at a time when the economy has slowed, threatening asset quality.

Concerns about profitability have pushed bank stocks to about half their book value on average.

The capital ratios of Chinese banks are above regulatory limits, but they are suffering from insufficient capital generation, as well as “the government’s incentive to ask banks to give up part of their profits” with cheaper loans to help stimulate economic activity, said economist Gary Ng at Natixis in Hong Kong.

“As a result, Chinese banks will only increasingly need to raise capital externally.”

($1 = 6.7249 Chinese yuan renminbi)

Reporting by Samuel Shen and Andrew Galbraith; Editing by Sumeet Chatterjee and Christopher Cushing

Our standards: The Thomson Reuters Trust Principles.

The category has delivered around 11% over the past year, while the Nifty 500 TRI has returned 6%. Here is a list of the top mid- and small-cap stocks held by the eight dividend yield systems as of May 31.

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Last name	Price	To change	% changes
ntpc	149.15	-6.10	-3.93
Indiabulls Hsg	105.40	-6.85	-6.1
Sbi	445.95	-15.90	-3.44
Rec	114.55	-3.25	-2.76

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Overview of the IPO

Equity	Type	Issue price	Size of the problem	Lot size	Open issue	Closing the issue
See profile	initial public offering of an SME	55	6.6	2000	14-06	17-06
Goel Food View profile	initial public offering of an SME	72	7.21	2000	15-06	20-06

Equity	Issue price	Registration date	Ad open	close ad	Listing Earnings %	CPM	Current Earnings %
eMudhra	256	01-06	255.00	258.85	1.11	250.25	-2.25
Ethos	878	31-05	808.10	805.65	-8.24	786.25	-10:45 a.m.
Delhivery	487	24-05	541.00	537.25	10.32	497.00	2.05
Venus Pipes	326	24-05	352.00	351.75	7.9	329.45	1.06

Scheme	Fund category	information	Purchase order	Opening date	Closing Date
No NFO details available.

Equity	Type	Issue price	Size of the problem	Lot size	Subscription	Open issue	Closing the issue
Fidel Softech View profile	initial public offering of an SME	37	13.5	0		30-05	02-06
Silver Pearl Ho View Profile	initial public offering of an SME	18	9	0		06-06	09-06

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June 13 – 2:00 p.m.

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Company Name	Last prize	To change	Market capitalization	Net sales	net profit	Assets

country=india page generated=2022-06-13 13:51:23

Hilltop Holdings Inc. (NYSE: HTH – Get a rating) was the target of a significant increase in short interest during the month of May. As of May 31, there was short interest totaling 11,870,000 shares, an increase of 293.0% from the May 15 total of 3,020,000 shares. Currently, 19.7% of the company’s shares are sold short. Based on an average trading volume of 1,220,000 shares, the day-to-cover ratio is currently 9.7 days.

A number of large investors have recently changed their positions in HTH. First Trust Advisors LP increased its stake in Hilltop by 36.9% during the first quarter. First Trust Advisors LP now owns 76,326 shares of the financial services provider worth $1,393,000 after buying an additional 20,554 shares last quarter. Hsbc Holdings PLC acquired a new stake in Hilltop during the third quarter worth approximately $340,000. Zacks Investment Management increased its holdings in Hilltop by 7.8% during the third quarter. Zacks Investment Management now owns 41,929 shares of the financial services provider worth $1,370,000 after buying 3,029 additional shares last quarter. Royal Bank of Canada increased its holdings in Hilltop by 20.4% during the third quarter. Royal Bank of Canada now owns 11,087 shares of the financial services provider worth $362,000 after buying 1,877 more shares last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in Hilltop during the third quarter worth approximately $201,000. 63.52% of the shares are currently held by hedge funds and other institutional investors.

A number of stock analysts have recently commented on the company. TheStreet downgraded Hilltop from a “b” rating to a “c+” rating in a Friday, April 22 research note. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a Wednesday, June 1 research note.

Shares of NYSE HTH traded down $0.80 at midday Friday, hitting $28.12. 1,084,014 shares of the company were traded, with an average volume of 2,448,608. The stock’s 50-day moving average price is $28.88 and its 200-day moving average price is 31.79 $. The company has a market capitalization of $2.23 billion, a P/E ratio of 8.22 and a beta of 1.09. Hilltop has a 12-month low of $25.07 and a 12-month high of $39.14.

Hilltop (NYSE:HTH- Get a rating) last released its quarterly earnings data on Thursday, April 21. The financial services provider reported earnings per share (EPS) of $0.28 for the quarter, missing the consensus estimate of $0.51 per ($0.23). The company posted revenue of $316.42 million for the quarter, versus analyst estimates of $376.49 million. Hilltop had a return on equity of 11.01% and a net margin of 16.15%. The company’s quarterly revenue was down 39.5% year over year. In the same quarter a year earlier, the company posted earnings per share of $1.46. As a group, equity research analysts expect Hilltop to post 1.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Investors of record on Friday, May 13 received a dividend of $0.15 per share. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $0.60 and a yield of 2.13%. Hilltop’s payout ratio is 17.54%.

Hilltop Company Profile (Get a rating)

Hilltop Holdings Inc provides corporate and personal banking, financial products and services. It operates through three segments: Banking, Broker-Dealer and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, securities purchase and transportation loans, equipment loans and leases, agricultural and commercial real estate loans and other loans; and commercial and industrial loans, and term and construction financing.

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Should you invest $1,000 in Hilltop right now?

Before you consider Hilltop, you’ll want to hear this.

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VANCOUVER, BC, June 92022 /PRNewswire/ – Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (“Taseko” or the “Company”) Announces Voting Results from Its 2022 Annual General Meeting Thursday, June 9, 2022 in Vancouver, British Columbia. In addition, the Company announces that Rita Maguire was elected to the board of directors.

Stuart McDonaldPresident and Chief Executive Officer of Taseko, said, “I am pleased to report that Rita Maguire joined our Board of Directors, having served as General Counsel for our Florence Copper project since 2014. His legal background with a focus on water resources and regulatory issues in Arizona makes her a very important addition to our Board of Directors as we move the Florence copper project towards commercial production. »

Ms. Maguire is a practicing lawyer at Phoenix, Arizona focusing his legal practice in the areas of water, environmental, mining and administrative law. Ms. Maguire represents clients in legal matters involving regulatory compliance and permits, water management and conservation, environmental litigation and land use planning. Ms. Maguire served as founding president and CEO of the Arizona Center for Public Policy, director of the Arizona Department of Water Resources, and deputy chief of staff to Governor Fife Symington. She began her career at Conoco-Phillips, working in the International Crude Oil Trading department at its headquarters in Houston, TX.

Ms. Maguire holds three degrees from Arizona State University: a Doctor of Laws obtained in 1988, a Master of Business Administration obtained in 1979 and a Bachelor of Science obtained in 1977. She received an AV-Preeminent Rating from Martindale-Hubbell, and received the Michael J. Brophy Distinguished Service Award from the Environmental and Natural Resources Law Section of the State Bar of Arizona. In 2001, Ms. Maguire was awarded the title of Outstanding Alumnus of the Sandra Day O’Connor College of Law.

A total of 149,948,862 common shares were voted on at the meeting, representing 52.4% of the votes attached to all common shares outstanding. Shareholders voted in favor of all items on the agenda prior to the meeting, including the approval of the shareholder rights plan, the advisory resolution on executive compensation (Say-on-Pay) and the election of all director nominees as follows:

Detailed voting results for the 2022 Annual General Meeting are available on SEDAR at www.sedar.com.

Stuart McDonald
President and CEO

No regulatory authority has approved or disapproved of the information contained in this press release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains “forward-looking statements” based on Taseko’s expectations, estimates and projections as of the dates such statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terms such as “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, ” intend to”, “should” and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by these forward-looking statements. These include but are not limited to:

• uncertainties about the future market price of copper and other metals that we produce or seek to produce;
• changes in general economic conditions, financial markets, inflation and interest rates and in market demand and price for our input costs, such as diesel fuel, reagents, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in currency exchange rates, particularly with respect to the value of the US dollar and the Canadian dollar, and the continued availability of capital and financing;
• uncertainties resulting from the war of Ukraineand the accompanying international response, including the economic sanctions imposed against Russiawhich has disrupted the global economy, created increased volatility in commodity markets (including oil and gas prices) and disrupted international trade and financial markets, all of which have a continuing and uncertain effect on the global economy, supply chains, availability of materials and equipment and lead times for project development;
• uncertainties regarding the continued impact of the novel coronavirus (“COVID-19”), and the response of local, provincial, state, federal and international governments to the continued threat of COVID-19, on our operations (including our suppliers, customers , chain suppliers, employees and contractors) and economic conditions generally, including rising levels of inflation and in particular with respect to demand for copper and other metals that we produce;
• the inherent risks associated with mining operations, including our current mining operations at Gibraltarand their potential impact on our ability to achieve our production estimates;
• uncertainties about our ability to control our operating costs, including inflationary pressures Gibraltar without impacting our expected copper production;
• the risk of inadequate insurance or inability to obtain insurance to cover material mining or operational risks;
• uncertainties related to the feasibility study of the Florence copper project (the “Florence Copper Project” or “Florence Copper”) which provides estimates of planned or anticipated capital and operating costs, expenditures and economic returns of this mining project, including the impact of inflation on the estimated costs associated with the construction of the Florence copper project and our other development projects;
• the risk that the results of our operations of the Florence Copper (“PTF”) Production Test Facility and ongoing engineering work, including discounted capital and operating costs, may adversely impact our estimates of the current economic outlook for business operations at Florence Copper;
• uncertainties relating to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral Resources (as defined below), production rates and production schedule, future production and future cash flows and total production and machining costs;
• the risk that we may not be able to expand or replace reserves as our existing mineral reserves are mined;
• the availability and uncertainties related to the development of additional financing and infrastructure necessary to advance our development projects, including with respect to our ability to obtain any remaining construction financing potentially necessary to continue commercial operations in Florence Copper;
• our ability to comply with extensive government regulation to which our business is subject;
• uncertainties relating to our ability to obtain the necessary titles, licenses and permits for our development projects and project delays due to third-party opposition, particularly with respect to Florence Copper which requires key regulatory permit from the US Environmental Protection Agency (“EPA”) in order to transition to commercial operations;
• our ability to deploy strategic capital and award key contracts to help protect the Florence Copper project execution plan, mitigate inflation risk and the potential impact of supply chain disruptions on our schedule of construction and ensure a smooth transition to construction once final permit is received from EPA;
• uncertainties related to First Nation claims and consultation issues;
• our reliance on rail transportation and port terminals to ship our copper concentrate production from Gibraltar;
• uncertainties related to unexpected legal or regulatory proceedings;
• changes to and effects of governmental laws, regulations and policies affecting our exploration and development activities and mining operations, as well as mine closure and bonding requirements;
• our dependence solely on our 75% interest in Gibraltar (as defined below) for revenue and cash flow from operations;
• our ability to collect payment from customers, extend existing concentrate purchase agreements or enter into new agreements;
• environmental issues and liabilities associated with mining, including ore processing and storage;
• labor strikes, work stoppages or other interruptions or difficulties in the employment of labor in the markets in which we operate our mine, industrial accidents, equipment failures or other events or occurrences, including the interference from third parties that interrupt the production of minerals at our mine;
• environmental hazards and risks associated with climate change, including the potential for infrastructure damage and operational disruptions due to wildfires, floods, drought or other natural events near our operations;
• the risks of litigation and the uncertainty inherent in litigation, including litigation to which Florence Copper may be subject;
• our actual mine reclamation and closure costs may exceed our current estimates of such liabilities;
• our ability to meet financial recovery guarantee requirements for the Gibraltar Florence mine and project;
• the capital intensive nature of our business both to support current mining operations and to develop new projects, including Florence Copper;
• our dependence on key management and operating personnel;
• the competitive environment in which we operate;
• the effects of forward sale instruments to hedge against fluctuations in copper prices, foreign exchange rates, interest rates or input costs such as fuel;
• the risk of changes in the accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; and MD&A, quarterly reports and material change reports filed with and provided to securities regulators, and the risks which are discussed under “Risk Factors”.

For more information about Taseko, investors should see the company’s annual Form 40-F filed with the United States Securities and Exchange Commission. www.sec.gov and home jurisdiction filings which are available at www.sedar.comincluding the “Risk Factors” included in our Annual Information Form.

SOURCE Taseko Mines Limited

Typically, when deciphering the best stock picks to consider, insider trading trades present attractive clues. This is probably all the more important when these transactions are buy orders. It is believed that executives can dispose of their holdings for a variety of reasons, including those unrelated to the underlying business. But buying shares? It can only mean that they have confidence in the future trajectory of the company.

In addition to this narrative, the market is currently suffering from a corrective cycle. As well, recession fears increase as inflation squeezes household budgets, driving down spending. In turn, this dynamic bodes ill for corporate earnings, likely leading to mass layoffs. So if executives acquire their own stocks in this austere environment, the stock implies that the underlying stock picks could be lucrative.

Still, it’s important not to get carried away with insider trading banking. On the one hand, tycoons have a lot of money to burn, which reduces the consequences of making a mistake. More importantly, even the best investing experts get their stock picks Wrong.

Ultimately, however, insider trading is an important clue to who has skin in the game.

Augusta Gold (AUGG)

An exploration and development company focused on mining projects based in Nevada, Augusta Gold (OTCMKTS:AUGG) recently benefited from an insider trade totaling $52,149 on May 30, 2022. Investor was unnamed, only listed by Barchart.com as an “American shareholder”. Still, despite the lack of detail, Augusta Gold’s uptrend is certainly understandable.

Throughout history, gold has represented a universal safe haven for its intrinsic value and its ability to withstand the debilitating effect of inflation. According to data from the Bureau of Labor Statistics, the purchasing power of the dollar decreased by 11.3% between April 2020 and April 2022. Therefore, gold-related investments potentially offer protection against rising prices.

Nonetheless, let’s be honest with ourselves and recognize that OTC gold stocks are incredibly volatile. Therefore, it is one of the stock picks to approach with extreme caution.

CSP inc. (CSPI)

Specialist in the infrastructure and network solutions industry, CSP inc. (NASDAQ:CSPI) may not be a household name, but basically it’s gotten a shot at relevance thanks to its cybersecurity branch. With Russia’s invasion of Ukraine threatening the modern world order, it has never been more important for businesses and government agencies to protect their digital profiles.

Here, Joseph R. Nerges, who appears to be a major investor, acquired 7,050 shares of CSPI for $8.51 on May 31. In total, the insider trade amounted to a hair’s breadth over $60,000. As with Augusta, CSP makes a lot of sense due to current events. Cyberattacks have become alarmingly frequent and their ability to damage key infrastructure keeps many agencies awake at night.

Still, it’s one of the riskiest stock picks, so be sure to exercise caution.

Voxx International (VOXX)

One of the world’s leading manufacturers and suppliers of automotive products and consumer electronics, Voxx International (NASDAQ:VOXX) has more recently expanded into iris-based authentication solutions for the rapidly growing biometrics industry. With both commercial and personal activities on the rise sharply out of the spring doldrums of 2020, VOXX appears to be reasonable speculation among intriguing stock picks.

Indeed, Beat Kahli, who is listed as a director, acquired 10,000 shares of VOXX at a price of $8.36. In total, the insider trade amounts to $83,600. On the surface, acquisition is tied to the fundamental catalyst for returning to normal. Additionally, the demand for biometric security could increase if workers are called back to the office.

Yet the other side of the story is that Voxx is a micro-cap company. Therefore, you need to approach this one with caution.

Alpine Summit Energy Partners (ASEPF)

Alpine Summit Energy Partners (OTCMKTS:ASEPF) is a “U.S.-based energy developer and finance company focused on maximizing growth and return on equity through better access to the wellhead economy.” Its primary focus is the Giddings Field area in Texas. With hydrocarbon fuel prices skyrocketing due to a myriad of catalysts, it’s no surprise that Alpine Summit has performed well this year.

Adding to the intrigue, Craig William Perry, president and CEO of Alpine, purchased 17,000 shares of ASEPF at a price of $5.60. In total, the insider trade amounts to $95,200. Following the acquisition, Perry has 39,300 shares to his name. Interestingly, year-to-date, ASEPF is up 45%, making it one of the best stock picks in the energy sector.

While relevant, investors should be aware of the risks associated with OTC stocks.

VF Corp (VFC)

An interesting name to pop up among recent insider trades, V.F. Corp. (NYSE:VFC) does not naturally strike investors as one of the potentially profitable stock picks. A global apparel and footwear company, VF Corp offers brands such as Vans, Dickies and Jansport. Although its products are instantly recognizable and popular, consumer sentiment fell to multi-year lows. Now is not the time to open portfolios for discretionary purchases.

Yet W. Rodney McMullen, a member of the company’s board of directors, opened his portfolio to acquire 3,000 shares of VFC for $49.99. This insider trading transaction totaled a hair under $150,000 and took place on May 31. Additionally, McMullen now has 28,125 shares of VFC to his name, implying strong confidence.

This is not unreasonable, as consumers have shifted away from physical goods to experiences like travel and vacations.

Opko Health (OPK)

A medical testing and drug company focused on diagnostics and pharmaceuticals, Opko Health (NASDAQ:PKO) on paper seems like one of the relevant stock picks to consider. However, its specialization in addressing unmet patient needs may have hampered its revenue growth potential. Frankly, OPK is not doing well, with shares down 44% year-to-date.

Curiously, however, the crimson ink didn’t deter Dr. Phillip Frost, the company’s president and CEO. On May 31, Dr. Frost acquired 50,000 shares at a price of $3.02. In total, the insider trade amounts to $151,175. Following the acquisition, Dr. Frost owns nearly 229.3 million shares.

The medical testing and pharmaceutical industries are volatile; therefore, I hesitate to say whether OPK is one of the viable stock picks. However, it is at least encouraging that its leaders put their money where they say.

Applied Blockchain (APLD)

A high-risk, high-reward business if there ever was one, Blockchain applied (NASDAQ:APLD) is a builder and operator of next-generation data centers, providing significant computing power for blockchain-based infrastructure and cryptocurrency mining initiatives. While intriguing from a broader perspective, this year the underlying narrative of the APLD has struggled.

With cryptos implosing from last year’s highs, Applied Blockchain has also suffered. On a YTD basis, APLD has an 84% hemorrhage. Nonetheless, Chairman and CEO Wesley Cummins is seemingly holding out for life (HODL-ing), acquiring 170,383 shares for $4.42. In total, the insider trading transaction amounts to $753,144.

Additionally, Cummins now owns nearly 22 million shares. I am torn though, because even though cryptos have seen mainstream success, they could be heading for an extended period of correction. So proceed with caution.

Six Flags Entertainment (SIX)

Of the implied stock picks on this list based on the context of insider acquisitions, Six Flags Entertainment (NYSE:SIX) comes across as the boldest in my opinion. As you know, the Covid-19 pandemic has completely disrupted non-essential businesses, leaving traffic-sensitive businesses like Six Flags reeling. Even with the company reopening, many investors have a low opinion of SIX due to poor consumer sentiment.

For the record, SIX stock is down 33% YTD at the time of writing. However, Arik W. Ruchim, director of the theme park operator, is undeterred. Ruchim acquired 125,000 shares at a price of $29.63. In total, this insider trading transaction amounted to $3.7 million. Following the purchase, Ruchim owns nearly 9.5 million shares.

Given that consumers are shunning retail products for experiences, this could be a bet that plays out. However, don’t stay in the kitchen if you can’t stand the heat.

Appian (APPN)

Billed as a cloud computing and enterprise software company headquartered in McLean, Virginia, Appian (NASDAQ:APP) initially seems very relevant, specializing in the efficient and rapid creation of enterprise-level applications and workflows. So why is APPN down 25% year-to-date, making it one of the poor picks among insider trading-based stock picks?

This could boil down to poor projections for the economy, with Appian customers perhaps deciding to cut overhead. If so, tightening the belt would be doing the app developer a disservice. Yet one US shareholder was undeterred, buying 81,825 shares at a price of $47.50. In total, the insider trading acquisition amounted to nearly $3.9 million. In addition, the shareholder now owns 16.37 million shares.

For opposites, APPN might work. However, I’m concerned about the cost-cutting environment, so I’ll personally steer clear.

As of the date of publication, Josh Enomoto had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.

Profile Software (Profile SA) wishes to inform its stakeholders that the Annual Ordinary General Meeting of shareholders of the Company, held on 12^e May 2022, decided among other things to reduce the par value of the share from €0.47 to €0.23 and to increase them simultaneously to a total number of shares from 12,013,916 to 24,027,832 shares ordinary shares with voting rights (split).

In particular, the 12,013,916 new shares will be distributed free of charge to Company shareholders on the basis of 1 new ordinary registered share for 1 old ordinary registered share. After the above modification, the share capital of the Company will be set at €5,526,401.36, divided into 24,027,832 registered ordinary shares with voting rights, with a nominal value of €0.23 each. At the same time, a special reserve was formed, in accordance with Art. 31 par. 2 of Law 4548/2018, in the amount of €120,139.16 for the purposes of rounding off the new nominal value of the share.

26^e In May 2022, the above was registered in the General Commercial Registry (GEMI) with registration code 2868671 and protocol number 2633247ΑΠ/26.05.2022 the decision (ΑΔΑ: 65Φ046ΜΤΛΡ-3Κ3) of the Ministry of Development and l’Investissement (General Secretariat of Commerce – Listed companies division) which approved the modification of article 5 of the Company’s bylaws.

The Securities Operations Committee of the Athens Stock Exchange, in its meeting of June 3, 2022, approved the admission to trading of the new free shares of the Company issued in accordance with the foregoing.

By decision of the Company, are defined:

a) the ex-date of the right to participate in the stock split is June 8, 2022. From the same date, the shares of the Company will be listed on the Athens Stock Exchange at the new nominal value, i.e. 0, €23 per share, without the right to participate in the distribution of free shares, and the starting price of the shares of the Company on the Athens Stock Exchange will be formed in accordance with the Regulations of the Athens Stock Exchange in conjunction with decision number 26 of the Board of Directors of the Athens Stock Exchange, as in force, and,

b) The beneficiaries of the corporate action above will be the shareholders of the Company who will be registered in the Register of Dematerialized Securities (DSS) on June 9, 2022, for the said listed company.

The start of the listing of the 12,013,916 new free registered shares on the Athens Stock Exchange is set for June 13, 2022. From the same date, the above shares will be credited to the stock and securities accounts of the shareholders in the DSS.

For further information, Shareholders can contact the Company’s Investor Relations Department (tel. 210-9301200 M. Vartan Afsaroglou).

Athens June 6, 2022

Lithium is one of many components of the salt brine, or produced water, that accompanies the production of natural gas and oil. It is also a key element in the production of batteries for electric vehicles (EVs), the storage of the electricity grid and many other manifestations of the energy transition.

Recovering commercial volumes of lithium from the oil and gas byproduct would bolster the United States’ domestic supply of the valuable mineral, but it won’t be easy.

“Lithium is the target of the day,” Nick Pingitore, a geochemistry professor at the University of Texas at El Paso (UTEP), told NGI. “Sexy, so to speak, because of the critical need for batteries. Decision makers are therefore focusing on it.

In February, the US Geological Survey (USGS) included lithium on its list of mineral feedstocks it considers “critical” to national and economic security and susceptible to supply chain disruptions.

According to the USGS, domestic lithium production in the United States includes a single “Nevada brine operation.” Additionally, the agency said that last year the country relied on imports for more than a quarter of lithium consumption.

There is no shortage of lithium in the world, but there is a shortage of the metal in the global market and “its price has fluctuated considerably in recent years,” the University of Houston (UH) reported last month. ).

From early 2020 to early 2022, the major Chinese supplier’s lithium price rose from $6,000/tonne to $40,000/tonne, UH noted. In mid-May, the university said lithium in spot markets was trading at $70,000/tonne.

UH said the lithium shortage stems from several factors: supply chain bottlenecks, growing corporate demand and government reluctance to approve new lithium mines.

B3 Insight’s Kylie Wright, technical product and content manager at the Colorado-based water data company, told NGI that lithium “can be found in certain produced waters or oilfield brines at relatively low concentrations. high…”

[Decision Maker: A real-time news service focused on the North American natural gas and LNG markets, NGI’s All News Access is the industry’s go-to resource for need-to-know information. Learn more.]

More commonly, however, lithium is found “in fairly low concentrations,” she said. Therefore, the recovery of lithium “from brines containing many other constituents” tends to be a “complicated” task.

Pingitore of UTEP said a small number of companies extract lithium from underground brine deposits, a process also being explored in Canada, but not from produced water.

“I don’t think anyone makes a lot of money out of it,” he said. “It’s only a beginning.”

Other important minerals in produced water include strontium, europium and cerium, but lithium represents the best candidate for recovery in commercial volumes, sources at the University of Louisiana at Lafayette (UL) said. ) to NGI.

“Lithium extraction requires highly selective recovery technology, extracting only lithium from produced water,” said UL’s Daniel Gang, director of the Center for Environmental Protection and Engineering. “The technology is still at benchtop lab scale or pilot scale.”

Like conventional mining, entropy is prominent in the first part of the supply and value chain for extracting lithium from produced water, Pingitore said.

“The target is dilute,” he said, referring to the need to separate low concentrations of lithium from high concentrations of “competing elements” by treating “absolutely huge amounts of produced water” to recover the lithium at commercial volumes.

The recovered lithium must then reach a purity level of 90 to 95 percent, he added.

With applications such as lithium batteries, he said the purity must exceed 99% and have an “extremely low content” of certain “poisonous” elements.

“It’s a tough game,” he said.

Hard but potentially beautiful

Oil and gas producers who overcome the many hurdles to economically producing lithium could benefit greatly, Dallas-based Lium Research partner Joseph Triepke told NGI.

“Today the world has only a fraction of the online lithium generation capacity it needs to meet some of the widely accepted electric vehicle predictions out to 2030,” he said. “The total opportunity around lithium is in the tens of billions of dollars over the next 5-10 years, and so this could be a very significant alternative revenue stream for shale players who are in possession of streams. water products rich in minerals.”

Observers of the burgeoning subsector of the oil and gas industry believe that not all well sites would be good locations to economically extract lithium from produced water.

“It depends on the pool, as the presence and concentrations of minerals in produced water can vary widely from game to game, and even within pools themselves, depending on the geology,” said Triepke.

When asked how the constituents of crude oil, ranging from sweet to sour and heavy to light, and natural gas, ranging from varying degrees of wet to dry, influence lithium extractability, Pingitore replied with “good question”.

“The crude itself contains various metals – vanadium is well known, some nickel, etc.,” he said. “How much, if any, of that is transferred to produced waters is probably an open question.”

Adding to the complexity of finding the right candidates for the extraction of lithium from produced waters, the feasibility depends on a high concentration of the target element – lithium – and a low concentration of competing elements “of which you don’t need,” Pingitore said.

Additionally, he stated that the overall water chemistry should avoid fouling or damage to the extraction system and that the target element should not be “chemically complexed in a form that will prevent separation”.

While technologies exist to extract lithium from produced water, many are in development at the case study and pilot stage, said Patrick Patton, commercial product manager for B3 Insight.

Market considerations

Triepke noted that the drivers and end markets are “completely different” for lithium mining and oil and gas production.

“The lithium price equilibrium is defined by the demand for battery materials,” used in electric vehicles as well as grid-scale storage facilities, as well as by the capacity to extract lithium, a he declared. “The fundamentals of oil and gas are more related to transportation and power generation.”

Gang and two UL colleagues, associate professor of petroleum engineering Mehdi Moktari and director of the Office of Innovation Management Alan Cohen, gave NGI a glimpse of what the business of UL might look like. extraction of lithium from produced water in the oil and gas industry.

Gang, Moktari and Cohen said the produced water miner would likely be an oil and gas company or a joint venture of players such as an oil and gas company, resource recovery company and/or service company.

On the demand side, lithium customers could include electric vehicle battery companies and others, they said.

Patton told NGI that higher brine disposal fees, along with “very limited” availability of produced water injection sites, would improve the commercial viability of lithium recovery.

Extraction is expected to be implemented on a large scale, “combining waste from many oil and gas producers in a centralized facility where processing takes place to concentrate a brine with high enough concentrations of elements to make the economically feasible extraction,” he said.

Commodity prices are currently high for lithium and other metals needed by the tech industry, which could encourage new developments, Wright said.

“But the high prices should be stable to encourage the development of these projects,” she added. “It should certainly take place on a large scale, so centralized water treatment facilities will be a key part of the opportunity.”

B3 Insight CEO Kelly Bennett highlighted the link between scale and commercial viability.

“That’s the key,” he said. “People often forget that capital recovery can take years, which means the market will have to trust that investments will come through, and that depends on price expectations.”

NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of MSP Recovery Inc. (“MSP Recovery” or the “Company”) (NASDAQ: MSPR; MSPRZ), a Medicare, Medicaid, commercial and secondary reimbursement recovery company that claims to use data – solutions focused on securing recoveries against health care reimbursement officials.

On May 24, 2022, following the completion of a business combination with Lionheart Acquisition Corporation II (“LCAP”), MSP Recovery shares began trading on NASDAQ. In May 24 trading, MSP Recovery stock fell more than 50% to close at $5.06 per share.

On May 25, 2022, Forbes published an article stating, among other things, that “the ‘central tension’ of MSP Recovery is that it has not argued its claims and therefore it is difficult to assess its monetary value”. Following the release, shares continued to decline, closing at $3.73 per share.

Then, on May 26, 2022, the Company issued a press release challenging Forbes article and reaffirming its revenue forecast. MSP Recovery shares, however, continued to drop in price significantly the rest of the week to close at $1.74 per share on May 27, 2022.

If you have purchased or otherwise acquired shares in MSP Recovery securities and would like to discuss our investigation, please contact us by email [email protected] or by calling (646) 315-9003.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience pursuing investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com. If you have any questions about this survey, your rights or your interests, please contact:

Donald R Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: [email protected]

On Wednesday, jet fuel prices were slashed 1.3% – the first reduction after 10 rounds of price increases – due to lower international crude oil rates.

Simultaneously, prices for commercial LPG – used by commercial establishments such as hotels and restaurants – have been reduced by Rs 135 per 19kg cylinder.

The price of aviation jet fuel (ATF) – the fuel that helps planes fly – has been reduced by Rs 1,563.97 per kilolitre, or 1.27%, to Rs 1,21,475.74 per kl (Rs 121 per liter) in the nation’s capital, according to a price notification from state-owned fuel retailers.

This is the first cut after 10 rounds of price increases this year. Fares were increased by 6,188.25 rupees per kl, or 5.29%, on May 16, to a record high of 1,23,039.71 rupees per kl.

Commercial LPG tariffs have been reduced to Rs 2,219 per 19kg cylinder from Rs 2,354, according to the notification.

Prior to the reduction, commercial LPG tariffs had increased by 355.5 rupees per cylinder this year.

However, prices for LPG cooking gas used in households remained unchanged at Rs 1,003 per 14.2 kg cylinder. The rates had been increased by Rs 3.50 per cylinder on May 19. Previously, prices were increased by Rs 50 per cylinder on March 22 and again by the same amount on May 7.

Since April 2021, domestic LPG prices have increased by Rs 193.5 per cylinder.

Meanwhile, petrol and diesel prices remained unchanged at Rs 96.72 per liter and Rs 89.62 per liter respectively. A reduction in excise duty by the government had reduced petrol by Rs 8.69 per liter and diesel by Rs 7.05 per liter on May 22, but for this the base price has remained unchanged since April 6. Before that, prices had risen by a record high. Rs 10 per liter each.

The retail price of petrol, diesel and domestic cooking gas was well below cost and therefore lower benchmark prices are being used to offset these losses.

Kerosene prices are reviewed on the 1st and 16th of each month, while gasoline and diesel prices are reviewed daily, based on equivalent prices in the international market.

ATF in Mumbai now costs Rs 120,306.99 per kl, while it is priced at Rs 126,369.98 in Kolkata and Rs 125,725.36 in Chennai.

Rates differ from state to state, depending on the incidence of local taxation.

Fuel prices rose in India because global energy prices rose due to supply problems following Russia’s invasion of Ukraine and the return of demand after being hit by the pandemic. India is 85% dependent on imports to meet its oil needs.

While oil prices have fallen from a nearly 14-year high of $140 a barrel, they continue to trade above $100. On Wednesday, Brent – the world’s most widely used benchmark – was trading at $117.07 a barrel.

To make matters worse, the rupee depreciated against the US dollar, making imports more expensive.

Publication of the Report on payments made in the context of extractive activities

The 2021 report on payments made in the context of extractive activities prepared in accordance with Article L. 225-102-3 of the French Commercial Code and approved by EDF’s Board of Directors is published on the company’s website , as well as part of its regulated information.

It is available at: https://www.edf.fr/en/the-edf-group/dedicated-sections/finance/financial-information/regulated-information

This press release is certified. Its authenticity can be verified on medias.edf.com

About EDF

A major player in the energy transition, the EDF group is an integrated energy company present in all business lines: production, transport, distribution, energy trading, energy sales and energy services. The EDF group is a world leader in low-carbon energies, having developed a diversified production mix based mainly on nuclear and renewable energies (including hydraulics). It also invests in new technologies to support the energy transition. EDF’s raison d’être is to build a net-zero energy future with electricity and innovative solutions and services, to help save the planet and promote well-being and economic development. The Group participates in the supply of energy and services to approximately 38.5 million customers ⁽¹⁾including 29.3 million in France ⁽²⁾. It achieved consolidated revenue of 84.5 billion euros in 2021. EDF is listed on the Paris Stock Exchange.

(1) Since 2018, customers have been counted by delivery site. A customer can have two delivery points: one for electricity and another for gas.
(2) Of which ES (Electricity of Strasbourg) and SEI.

• Extractive activities EDF PR 2021

Broadstone Net Lease (NYSE: BNL – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note published on Friday, Zacks.com reports.

According to Zacks, “Broadstone Net Lease, Inc. is an internally managed REIT. It primarily acquires, owns and manages single-tenant commercial real estate properties. The company’s diverse portfolio includes healthcare facilities, restaurants, offices and retail businesses. Broadstone Net Lease, Inc. is based in NY, USA.”

Broadstone Net Lease stock traded down $0.48 during trading hours on Friday, hitting $21.09. The stock had a trading volume of 378,424 shares, compared to an average volume of 624,064. The stock has a market capitalization of $3.57 billion, a PE ratio of 31.48 and a beta of 1, 06. Broadstone Net Lease has a 52 week minimum of $18.96 and a 52 week maximum of $28.00. The company has a fifty-day simple moving average of $21.19 and a 200-day simple moving average of $22.75.

Broadstone Net Lease (NYSE: BNL – Get a rating) last reported results on Tuesday, May 3. The company reported EPS of $0.16 for the quarter, beating the consensus estimate of $0.15 by $0.01. Broadstone Net Lease posted a net margin of 27.15% and a return on equity of 3.86%. In the same period a year earlier, the company posted earnings per share of $0.31. Research analysts predict that Broadstone Net Lease will post 1.45 EPS for the current year.

In other Broadstone Net Lease news, SVP Laurier J. Lessard, Jr. sold 2,500 shares of Broadstone Net Lease in a trade dated Thursday, March 10. The shares were sold at an average price of $21.20, for a total value of $53,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Additionally, SVP Roderick Pickney sold 4,000 shares of Broadstone Net Lease in a trade dated Tuesday, March 1. The stock was sold at an average price of $21.50, for a total transaction of $86,000.00. Disclosure of this sale can be found here. Insiders of the company own 0.84% ​​of the shares of the company.

Several hedge funds have recently changed their positions in the company. Morgan Stanley increased its position in Broadstone Net Lease by 107.6% during the second quarter. Morgan Stanley now owns 348,031 shares of the company valued at $8,148,000 after purchasing an additional 180,357 shares during the period. Russell Investments Group Ltd. acquired a new stake in Broadstone Net Lease during the third quarter worth approximately $234,000. California Public Employees Retirement System purchased a new stake in Broadstone Net Lease during the third quarter, valued at approximately $3,082,000. Goldman Sachs Group Inc. increased its position in Broadstone Net Lease by 61.3% during the third quarter. Goldman Sachs Group Inc. now owns 583,052 shares of the company valued at $14,466,000 after purchasing an additional 221,566 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Broadstone Net Lease during the third quarter at a value of approximately $829,000. Hedge funds and other institutional investors hold 78.66% of the company’s shares.

About Broadstone Net Lease (Get a rating)

BNL is an internally managed REIT that primarily acquires, owns and manages single-tenant commercial real estate that is net leased on a long-term basis to a diverse group of tenants. The Company employs an investment strategy supported by strong fundamental credit analysis and prudent real estate underwriting.

Further reading

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Limited notice to proceed for shells Gato To do Mato development in Brazil

BW Offshore is pleased to announce the award of Limited Notice to Proceed (LNTP) by Shell Brasil Petróleo Ltda (Shell) and its partners for early stage engineering and supplier bookings for the supply of an FPSO for the Gato do Mato oil and gas field offshore Brazil.

The LNTP is valued at 50 million USD. Upon completion of the LNTP, Shell and its partners aim to award a lease and operation contract to a consortium comprising BW Offshore and Saipem SpA, which will be jointly responsible for engineering, procurement, construction and installation (EPCI) of the FPSO with delivery scheduled for 2026. The award is subject to the finalization by the parties of the commercial and pricing conditions of the contract taking into account the current inflation of the chain’s market. procurement and a final investment decision by Shell and its partners.

The FPSO lease and operating agreement will have a firm term of 18 years with seven years of options.

“We have a clear strategy for developing and operating infrastructure-type floating generation solutions with long-term contracts and quality counterparties. Gato do Mato is a robust project meeting all our requirements,” said Marco Beenen, CEO of BW Offshore. “We will replicate the Barossa project model, using financial partners, and go even further by partnering with Saipem for the EPCI phase to add capacity and execution capabilities. We are very pleased to partner with Saipem and look forward to building a long term relationship with Shell and its partners in Brazil. »

For more information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40

[email protected] or www.bwoffshore.com

About BW Offshore:
BW Offshore designs innovative floating production solutions. The Company has a fleet of 12 FPSOs with growth potential and ambition. Drawing on four decades of offshore operations and project execution, the company creates tailored energy solutions for evolving markets around the world. BW Offshore has approximately 2,000 employees and is listed on the Oslo Stock Exchange.

This information is considered inside information under the EU Market Abuse Regulation and is subject to disclosure requirements under section 5-12 of the Norwegian Securities Act. This stock market announcement was published by Eric Stousland, IR & Corporate Finance at BW Offshore, on 26.05.2022 at 17:46 CEST

“Everyone, everywhere deserves great wine and food experiences” says Founder and CEO Ole Nielsen

May 24 – After years of intensive development, the Wineally system is launched in different versions for restaurants, wine merchants and wine producers as well as an app for consumers. The system enables all parts of the wine business to increase revenue and reduce costs and consumers to achieve better wine and dine times by offering several unique functions.

“It all started when, as a wine merchant, I realized that most consumers are not able to pair wine with their dishes satisfactorily and that most restaurants do not have a dedicated sommelier and educated.” says Ole

Our first question was: How can we help restaurants and consumers achieve better wine and dine experiences? By digging into this question and interviewing consumers, wine merchants and restaurants, we concluded that consumers are willing to spend more if they know that the wine they are buying matches their dishes well. The solution was to develop the most complex wine pairing algorithm to date and create a comprehensive database of wine information. Today, Wineally’s database contains over 700,000 wines, focusing on widely available commercial wines that are actually consumed in the on-trade circuit globally. Based on the wine database and restaurant information, Wineally creates a unique wine-DNA and dish-DNA which is used for the advanced food-wine pairing.

With the restaurant app, service staff can deliver world-class wine pairings on the floor, even after just a few minutes of introduction and training with the app. Wineally also helps the restaurant increase its revenue by facilitating the sale of take-out and take-out wine.

“We know that the last two years have been difficult for the entire hospitality industry and that finding experienced and trained staff is really difficult at the moment. Wineally can help restaurant, hotel or cafe to provide professional wine service even with inexperienced and untrained staff or customer can do it themselves in the app. says Ole

This way we can help the industry maintain revenue and reduce the cost of providing excellent service. We also know that satisfied customers are more likely to return, so improving service is always a great investment. Wineally takes care of tasks that normally require years of training, like pairing multiple dishes and capturing guest preferences without making it difficult to use. Even consumers themselves can use the app if preferred by the restaurant.

About Winely

Wineally is a SaaS company founded in Sweden and owner of the cloud-based business system product Wineally. The Wineally system digitizes information processing across the entire wine trade value chain, from wine producers, wine merchants and restaurant to wine consumer. Wineally increases efficiency, reduces costs and improves quality for all parts of the value chain. Wineally also simplifies purchasing decisions for consumers by providing an app that enhances wine and dining experiences. The team behind Wineally have many years of international experience in all aspects of the wine trade.

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Published on: 05/23/2022 – 02:20

Fresh off a three-day visit to another key US ally, South Korea, Biden will also hold talks with Japanese Emperor Naruhito at the Imperial Palace.

U.S. officials portray Japan and South Korea as pillars of Washington’s backlash against China’s growing commercial and military power, as well as partners in a Western-led alliance to isolate Russia during its invasion of Ukraine.

On Tuesday, Biden reinforces the theme of American leadership in the Asia-Pacific by joining the prime ministers of Australia, India and Japan for a Quad Group summit.

Biden praised newly elected Australian Prime Minister Anthony Albanese for deciding immediately on his victory this weekend to attend the summit.

This is “a vital opportunity to exchange views and continue to drive practical cooperation in the Indo-Pacific,” the White House said, using the administration’s term for the region. Asia Pacific.

However, Quad member India stands out for its refusal to openly condemn Moscow or cut off trade with Russia. Biden will also meet one-on-one with Prime Minister Narendra Modi on Tuesday.

North Korea ignores Biden

Above every stop on Biden’s Asian tour is the fear that the unpredictable North Korea may test a nuclear-capable missile or bomb.

Speculation that it could even happen while Biden was just across the border in Seoul failed to materialize over the weekend.

But US National Security Adviser Jake Sullivan told reporters the threat persisted and said the dictatorship had a choice.

“If North Korea acts, we will be ready to react. If North Korea does not act, North Korea has the opportunity, as we have said many times, to come to the table,” he said. he declared.

Pyongyang has so far refused to heed calls for dialogue from the United States, officials say, even ignoring offers of help to tackle a sudden massive outbreak of Covid-19, according to Biden.

The situation will be on the agenda for the Biden-Kishida talks, the White House said, along with their “shared vision of a free and open Indo-Pacific” – US diplomatic code for maintaining the status quo with a China rising.

The pair are expected to issue a statement on the need for “stability” in the Taiwan Strait amid growing concern over Chinese pressure on the island.

And in a sign of Japan’s concern over regional tensions, Kishida is expected to announce plans to increase defense spending, a sensitive issue in a country whose constitution limits the military to defense.

Commercial initiative

After holding a joint press conference with Kishida, Biden will unveil a long-awaited trade initiative — also intended to cement US presence in the region — dubbed the Indo-Pacific Economic Framework for Prosperity, or IPEF.

The IPEF is being touted by Washington as a framework for what will eventually become a tight-knit group of trading nations.

Unlike traditional trading blocs, IPEF members are not expected to negotiate tariffs and facilitate market access — a tool that has become increasingly unpopular among U.S. voters who fear undermining manufacturing. local.

Instead, the program plans to onboard business partners with agreed standards in four main areas: digital economy, supply chains, clean energy infrastructure and anti-corruption measures.

The White House has so far been tight-lipped about how many countries are signing on, and it faces questions about how the standards of behavior agreed between the partners can be enforced.

However, there is no political appetite in the United States to return to a binding Asian trade deal following Trump’s 2017 withdrawal from the Trans-Pacific Partnership.

This massive trade bloc was relaunched, without U.S. membership, in 2018 as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

© 2022 AFP

Xéris Biopharma (NASDAQ:XERS) started 2022 with a mix 1st quarter results which revealed a loss of revenue, their EPS being in line with expectations. Xeris generated approximately $22 million in net product revenue and experienced growth in all of the company’s products, including Gvoke, Recorlev and Keveyis. Additionally, Xeris also significantly strengthened the company’s cash position with the addition of a $30 million private investment in public equity financing and debt refinancing to end the quarter with over 132 million dollars in cash. The company’s first quarter performance puts Xeris on track to meet its 2022 revenue guidance of $100-120 million and a year-end cash balance of $90-110 million, also helped achieve cash flow break-even by the year. end of 2023. Despite this success, the share price could not avoid the market sell-off and has fallen by around 8% in the last three months. I believe the market is ignoring the company’s recent progress and overlooking the company’s potential to break even without significant dilution.

I intend to review the company’s first quarter earnings and highlight some of the key points for investors. Additionally, I look at stock charts and current valuation to help adjust my XERS strategy for 2022.

First Quarter Highlights

Xeris reported their 1st quarter results which disclosed that their total product net revenue was $21.9 million, a 33% increase over their Q1 2021 pro forma revenue. Xeris released the increase in its Gvoke scripts 88% year-over-year and 5% quarter-over-quarter, while the overall glucagon market was down 1%. Xeris also reported that Gvoke exceeded 30,000 prescriptions in the first quarter and ended April strong with more than 2,700 Gvoke prescriptions in the last week of April with a 22% market share.

In Europe, the company’s partner, Tetris Pharma, spear Ogluo at the end of last year in the UK and is already seeing growth in prescriptions as they get more forms. Tetris is also working on launching Ogluo in other EU countries.

Keveyis sees a steady increase in the number of primary paralyzed “PPP” patients, which is on the rise 12% Year after year.

Xeris just launched Recorlev in February, so they’re only weeks after launch and too early to draw any substantial conclusions. However, Xeris reported that providers are responsive to treatment and receive referrals. Xeris is already helping Cushing’s syndrome patients on Recorlev with their initiation, reimbursement and titration process with the company’s CareConnection team.

Regarding the pipeline, Xeris has received a positive response from the FDA regarding the company’s Phase II study proposal for an exercise-induced hypoglycemia study, which is expected to begin this year.

Additionally, the Phase I pharmacokinetic study of levothyroxine as a once-weekly sub-q injection has completed two dose levels and will begin the next higher dose cohort in the second quarter. Xeris plans to release its PK results later this year.

In terms of cash, the company said its net operating investing cash burn in the first quarter was approximately $42M. However, Xeris finished Q1 with $132.1M in cash, cash equivalents and short-term investments, up from $102.4 million at the end of last year. The company’s balance sheet was strengthened by both the $30 million pipe financing and the $150 million debt refinancing with Hayfin.

Overall, I think Xeris had a great quarter, which gave me some confidence that the company can meet its 2022 guidance and maintain a healthy balance sheet to help support its three commercial products going forward. as they progress towards launch.

A path to break even

Based on the underlying fundamentals of the business, I believe Xeris will achieve its full year 2022 net sales of $105-120 million. Additionally, Xeris believes they are on track to recognize $50 million in the synergies related to the acquisition of Strongbridge. Together, these questions could put Xeris on the path to profitability. Additionally, cash, pipe financing, debt refinancing, and the company’s new ATM could allow the company to end this year with approximately $90M to $110M in liquid.

Keep in mind that we should see the company’s cash burn rate recover as we move forward into 2022 as the company’s revenue base continues to grow and the costs of acquisition of Strongbridge continue to decline. With revenue growth from the company’s three marketed products combined with the company’s current financials, Xeris believes they will end 2022 with approximately $90M to $110M and press “cash flow break even by the end of 2023.

Updated assessment

The recent market sell-off has hit most small-cap healthcare tickers, and XERS has not been spared. Now, XERS is trading at a substantial discount to its projected 2022 revenue. forward sales of 2.65. Considering the industry average sell price is 5x, we can XERS is trading at a discount.

The company is expected to experience strong double-digit growth in the coming years, which will only increase the present value over time. In fact, analysts expect Xeris to earn around $354 in 2026, which would be below a 1x price-to-sales ratio, meaning the company could generate more revenue than the ticker’s current market cap. .

Indeed, it is common to see small cap companies trading well below the industry average as they burn cash and will need to dilute or go into debt. For XERS, we have a projected break-even point at the end of 2023 and we probably won’t need to raise funds to get there. So, I’m willing to say that XERS is undervalued at these prices. As a result, I moved my XERS conviction rating from 2 out of 5 to 3 out of 5.

My plan

My strategy for my XERS hasn’t changed much since Recorlev’s FDA approval at the end of 2021. I patiently waited for XERS to fall below my buy threshold of $2.74. Now that the stock price is below $2.74, I added just above $1.50 and set a few more buy orders in the same area.

The stock price experienced a mini-rally after news that the CEO bought 100,000 shares at $1.4038 on May 12.^and. So it’s possible that I won’t see the $1.50 again if the market decides to turn around in the coming weeks.

Therefore, I will keep an eye on the charts to see if the stock price can break through the nearest downtrend radius. If that breaks out, I’ll be looking to make another add below my $2.74 buy threshold. If the market does turn around, I will look to use an average value strategy and accumulate around $0.86 per share.

Admittedly, I am looking to take profits and have set sell orders just below $5 per share and $7 per share in order to re-achieve “house money” status for my XERS position.

Long term, I’m still looking to hold a modest XERS position for at least 5 more years in anticipation that XERS will break even by the end of 2023 and graduate into my “Bioreactor” growth portfolio in the compound healthcare marketplace service.