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Greenland Resources Increases Gold License Portfolio and Completes Spectral Analysis Survey

Greenland Resources Increases Gold License Portfolio and Completes Spectral Analysis Survey

Figure 1

Copenhagen Minerals Inc. Exploration Licenses
Copenhagen Minerals Inc. Exploration Licenses
Copenhagen Minerals Inc. Exploration Licenses

Figure 2

Copenhagen Minerals Inc. Prospecting License
Copenhagen Minerals Inc. Prospecting License
Copenhagen Minerals Inc. Prospecting License

TORONTO, Oct. 13, 2020 (GLOBE NEWSWIRE) — Greenland Resources Inc. (“Greenland Resources” or the “Company”) is pleased to announce that the Government of Greenland granted the Company’s fully owned subsidiary Copenhagen Minerals Inc. a new Mineral Exploration license surrounding the Company’s Storø gold project and a new Mineral Prospecting License in west Greenland. In addition, the Company conducted a spectral analysis and synthetic aperture radar survey in the new Mineral Exploration license with very positive results.

Highlights

  1. New exclusive Mineral Exploration License totaling 540km2 surrounding the Company’s Storø gold project for which a maiden Mineral Resource was reported by SRK in 2018 written in accordance with National Instrument 43-101. The Place Name Committee (Grønlands Stednavnenævn) has given the new Exploration License area the name of Qingaaq (Figure 1)

  2. Recent spectral analysis conducted by the Company in Qingaaq identified some eight new Storø gold type signatures, several of which coincide with synthetic aperture radar anomalies which indicate conductive bodies at shallow depths with potential for gold mineralization such as that found at Storø

  3. New non-exclusive Prospecting License covering most of western and southwestern Greenland and totaling one third of Greenland’s total surface area has been approved. This covers prospecting for precious metals, base metals, platinum group metals, and industrial and minor metals, in the west of Greenland (Figure 2)

  4. None of the new and existing Company Mineral Licenses carry any financial cost this year as the Government of Greenland has recently set exploration obligations for year 2020 to zero due to COVID-19.

Figure 1 https://www.globenewswire.com/NewsRoom/AttachmentNg/ac8e3bd4-23cf-4de4-8093-472717e03ccc

Figure 2 https://www.globenewswire.com/NewsRoom/AttachmentNg/195eb184-fade-4c3c-ae2c-68dca2bf1e51

Introduction

The new exploration license Qingaaq covers the Storø Island (236 km2) which contains

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Reynolds Consumer Products Has Found Itself In My Portfolio (NASDAQ:REYN)

Reynolds Consumer Products Has Found Itself In My Portfolio (NASDAQ:REYN)

Reynolds Wrap maker back on stock exchange with $1.2 billion IPO | Business News | richmond.com

Source

Reynolds Consumer Products (REYN) came on the market via an IPO (initial public offering) in the beginning of 2020. The company was a part of Alcoa (AA) for quite a few years and then was acquired by a private equity company controlled by one of New Zealand’s richest men. It has now finally found its way back to the public market as a standalone entity. The company has many products that are considered staples of the household and is most notably known for its aluminum foil wrap.

The company stated it had a 64% share of the market for foil wrap which is quite impressive for any company to have that kind of market share. I believe as a standalone consumer products company, Reynolds will be able to make moves that allow it to improve its profitability and grow in the long run. The ability to operate on its own allows for several changes such as an increase in research and development, new and increased marketing, product innovation, and of course acquisitions. As the company begins to find its way and generate a new path forward, I believe there is an opportunity for long-term investors to benefit along the way. Because of this, I started a position I plan on holding for quite some time.

Company Overview

First things first, while Reynolds Consumer Products is now a standalone company, the principal shareholder remains Packaging Finance Limited. It happens to control 77% of the voting power which means there is little outside shareholders can do to change the direction of the company if they disagree with the Billionaire owner Graeme Hart. The good news is that Graeme has made to me what seems to be seemingly intelligent moves over his career so I believe the success will continue.

Reynolds Consumer

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Auto Experience, Inc. Proposes To Acquire Auto Finance Firm Consumer Portfolio Services For $135 Million In Cash

Auto Experience, Inc. Proposes To Acquire Auto Finance Firm Consumer Portfolio Services For $135 Million In Cash

DALLAS, Oct. 8, 2020 /PRNewswire/ — Auto Experience, Inc., created in 2018 to pursue strategic business opportunities in the automobile financing market, today announced it has informed the board of directors of Consumer Portfolio Services, Inc. (Nasdaq: CPSS) of its interest in acquiring the company in an all-cash transaction valued at $135 million.  An acquisition at that price would nearly double the current value of the Nasdaq-listed company.

Based in Irvine, Calif., Consumer Portfolio Services (CPS) is an independent specialty finance company that provides indirect automobile financing to consumers.  In an October 7, 2020 letter to the company formally conveying an “indication of interest,” Auto Experience said it proposes to acquire CPS for approximately $6.18 per share of common stock.  CPS shares closed at $3.35 on October 7, 2020.

In its letter to CPS, Auto Experience said it would add value to the company and its shareholders by re-engineering aspects of CPS’s operations, applying proprietary technology and enhanced digital capabilities as the market increasingly shifts online, and employing a combination of existing resources and new leadership steeped in automobile financing and digital commerce.

“Acquiring Consumer Portfolio Services and leveraging our strategic and operational experience in auto financing and enterprise technology will create a strong national player that already has a toe-hold in more than 8,000 automobile dealerships across the U.S.,” said Samuel M. Ellis, president and chief executive officer of Auto Experience.  “CPS is significantly undervalued based on a range of performance measures and upside growth opportunities, and we believe our proposed acquisition would be materially beneficial to shareholders and, over the longer run, to consumers and dealers.”

Mr. Ellis brings deep entrepreneurial and operating experience in automobile financing and digital commerce to this opportunity.  In addition to his leadership of Auto Experience, which is

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Why You Should Add Wintrust Financial (WTFC) to Portfolio

Why You Should Add Wintrust Financial (WTFC) to Portfolio

Wintrust Financial Corporation WTFC appears to be a solid bet now, driven by strong fundamentals and promising prospects. The factors that might drive the stock higher include impressive organic growth, strategic efforts to boost presence and capital strength.

Over the past 30 days, the Zacks Consensus Estimate for earnings for 2020 and 2021 has been revised 2% and 3.8% upward, respectively.

Further, shares of this Zacks Rank #2 (Buy) firm have gained 19.8% in the past six months, outperforming 4.9% growth recorded by the industry it belongs to.

Wintrust Financial has a number of other aspects that make it an attractive investment option.

Revenue Strength: Wintrust Financial continues to make steady progress toward improving its top line since 2013. The company recorded a consistent rise in its sales, witnessing five-year compound annual growth rate (CAGR) of nearly 16% (ended 2019).

The company’s projected sales growth (F1/F0) of 10.06% (against the industry’s average of about 2.55%) indicates constant upward momentum in revenues.

Solid Inorganic Growth Strategies: Wintrust Financial’s capital strength has been helping it to grow inorganically. As part of this strategy, the company completed the acquisition of Countryside Bank STC Capital Bank in 2019. The deal bolstered its presence in western suburbs of the Chicago metropolitan area.

Earnings Growth: In the last three-five years, the company witnessed earnings growth of 16.31% compared with the industry’s average of 12.81%. In addition, the company’s long-term (three-five years) estimated earnings per share growth rate of 17% promises rewards for investors over the long run.

Impressive Balance Sheet Growth: Wintrust Financial’s loans and deposits witnessed a CAGR of 11.9% and 12.7%, respectively, over a five-year period (ended 2019). Also, both loan and deposit balances are likely to improve in the quarters ahead.

Reasonable Valuation: The stock looks undervalued right now when compared with

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