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Rajasthan Royals begins play to sell majority stake
The Economic Times· 2025-12-08 19:29
Core Insights - Rajasthan Royals is initiating a process to offload a majority stake in the franchise amid strong investor interest in the Indian Premier League (IPL) [1][2] - The IPL ecosystem is valued between $10 billion and $18 billion by various brand valuation firms, with the Rajasthan Royals previously valued at approximately $250 million during a minority stake sale five years ago [1][3] - Raine Group has been engaged to manage the sale process, including outreach to potential buyers and valuation discussions [3] Stakeholder Dynamics - The promoter group of Rajasthan Royals, led by Manoj Badale, is open to considering a majority stake sale, with the size of the stake depending on achieved valuations [3] - Emerging Media, owned by Badale, increased its holding in the franchise from 51% to 65% in 2021, while RedBird Capital Partners acquired a 15% stake for $37.5 million in the same year and is now looking to exit [4] - Fox Corporation's CEO Lachlan Murdoch is among the minority shareholders of the franchise [4] Market Activity - The franchise has received several expressions of interest from potential buyers, although no firm bids have been submitted yet [2] - The valuation of Gujarat Titans, in which Torrent Group recently took a majority stake, was approximately Rs 7,500 crore [1]
Fox (NasdaqGS:FOX) 2025 Conference Transcript
2025-12-08 16:32
Summary of Conference Call Notes Company and Industry Overview - The conference call discusses the performance and strategic outlook of a media company, particularly focusing on its broadcasting and digital segments, including news and sports verticals [1][2][3] Key Financial Performance - The company reported record financial results for fiscal year 25, including record revenue, EBITDA, and free cash flow, establishing a strong foundation for future growth [1] - Engagement metrics are improving, contrasting with peers in the cable and broadcast sectors, which are experiencing declining engagement [1] Strategic Focus Areas - The company plans to continue investing in core verticals, specifically news and sports, for fiscal year 26 [2] - Significant events such as the FIFA World Cup and midterm elections are expected to drive engagement and advertising revenue [2] Advertising Market Dynamics - There is a notable shift in advertising dollars from linear cable to broadcast, particularly in sports and news, with the company experiencing robust growth in these areas [3][4] - The company added approximately 350 advertisers to its Fox News roster in fiscal 25, indicating strong demand for its advertising space [4] Sports Broadcasting Insights - The company reported record advertising revenue for major sports events, including the Big Ten Championship game, with a significant increase in the number of advertisers [3] - The demand for sports advertising is expected to remain strong, driven by high engagement levels [5][6] Digital Business Growth - Tubi, the company's digital platform, has shown strong performance with an 18% increase in engagement and a 27% increase in ad revenue in Q1 [12] - The company aims to enhance Tubi's monetization through improved fill rates and engagement, with a goal of achieving 20-25% EBITDA margins in the future [15] Capital Allocation and Shareholder Returns - The company announced a $1.5 billion accelerated share repurchase (ASR) program, contributing to a total of over $10 billion returned to shareholders since its inception [18][19] - The management believes the stock is undervalued and plans to continue share buybacks while remaining open to inorganic growth opportunities [19][20] Sports Betting Strategy - The company holds a significant investment in Flutter, with a potential value of $3.4 billion in sports betting assets [16][17] - The licensing process for sports betting is ongoing, with expectations to fully capitalize on this market in the coming years [17] Conclusion - The company is well-positioned with a strong portfolio of assets, robust free cash flow, and a clear strategy focused on growth in news, sports, and digital segments [20]
Fox Corporation (FOX) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2025-12-08 15:16
Core Viewpoint - Fox Corporation has shown strong stock performance, with a 33.1% increase since the beginning of the year, outperforming both the Zacks Consumer Discretionary sector and the Zacks Broadcast Radio and Television industry [1] Financial Performance - Fox reported an EPS of $1.51 in its last earnings report, exceeding the consensus estimate of $1.06, marking a positive earnings surprise for the last four quarters [2] - For the current fiscal year, Fox is expected to post earnings of $4.46 per share on revenues of $15.99 billion, reflecting a -6.69% change in EPS and a -1.93% change in revenues [3] - The next fiscal year projections indicate earnings of $5.02 per share on revenues of $16.55 billion, representing a year-over-year change of 12.56% in EPS and 3.55% in revenues [3] Valuation Metrics - Fox's current trading metrics include a P/E ratio of 13.7X for the current fiscal year EPS estimates, below the peer industry average of 14.9X, and a trailing cash flow basis P/E of 10.5X compared to the peer group's average of 4.8X [7] - The stock has a PEG ratio of 1.35, positioning it favorably among value investors [7] Zacks Rank and Style Scores - Fox holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, which aligns with the recommendation for investors to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [8] - The stock has a Value Score of A, a Growth Score of C, and a Momentum Score of F, resulting in a combined VGM Score of B [6] Industry Comparison - Fox Corporation's peer, Fox Corporation (FOXA), also has a Zacks Rank of 1 (Strong Buy) and a Value Score of A, indicating a competitive position within the industry [9] - FOXA is expected to post earnings of $4.41 per share on revenues of $16.08 billion for the current fiscal year, with shares gaining 3.7% over the past month [10]
Ramaco Chairman and CEO Randall Atkins to Appear on Fox Business' Varney & Co. to discuss U.S. Critical Mineral and Brook Mine Development
Prnewswire· 2025-12-01 13:00
Core Insights - Ramaco Resources, Inc. is set to feature its Chairman and CEO, Randall W. Atkins, in an interview on Fox Business, highlighting the company's strategic position in the U.S. critical mineral industry amid China's restrictions on rare earths [1][2] Company Overview - Ramaco Resources operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [3] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [3] - In 2023, Ramaco discovered a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, which is significant for the U.S. mining landscape [3] Project Highlights - The Brook Mine project in Sheridan, Wyoming, is notable as the first new rare earth mine developed in the U.S. in over 70 years and the first new coal mine in Wyoming in more than 50 years [2] - The interview will provide updates on the Brook Mine project, emphasizing its importance in the context of U.S. mineral independence [2]
AMG Yacktman Fund Q3 2025 Contributors And Detractors
Seeking Alpha· 2025-11-25 17:53
Group 1 - The article does not provide any specific information or data regarding companies or industries [1]
Rokmaster Samples 614 g/t Ag over 1.2 m on the Fox-Coconut Property and Provides Update on Nechako Project
Prnewswire· 2025-11-24 11:30
Core Insights - Rokmaster Resources Corp. provides an update on the Fox-Coconut and Mystery properties within the Nechako Project, highlighting significant exploration activities and findings in 2025 [1][8]. Project Overview - The Nechako Project is situated in west-central British Columbia within the Stikine terrane, known for past producing deposits and advanced development projects. Rokmaster has options to acquire up to a 100% interest in three properties totaling 27,178 hectares [2]. Exploration Activities - Fieldwork in 2025 included trenching and channel sampling on the Fox-Coconut Property, revealing a high-grade gold and silver mineralization zone known as the NW Structure. Notable channel samples returned high-grade silver results, with CT2501 showing 614 g/t Ag over 1.2 m and CT2502 showing 497 g/t Ag over 2.5 m [3][4]. Findings on Mystery Property - Exploration on the Mystery Property involved prospecting and mapping, yielding elevated Cu-Mo-Au assay results in the B2 Zone and further mineralization in the B3 Zone. A high-resolution magnetic survey identified multiple targets for follow-up [6]. Regulatory and Operational Updates - The company received a three-year exploration permit for the Mystery Property, allowing for 12 drill sites and 6 helipads. However, delays occurred due to job actions by the BC Government, impacting the drilling timeline [7]. Management Commentary - The President and CEO of Rokmaster emphasized the project's advancement in an underexplored area, noting the advantages gained from recent fires that exposed new mineralization opportunities. The team is eager to resume exploration in 2026 [8][9].
CSE Bulletin: Consolidation - Arctic Fox Lithium Corp. (AFX)
Newsfile· 2025-11-17 18:28
Core Points - Arctic Fox Lithium Corp. has announced a consolidation of its issued and outstanding common shares at a ratio of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares [1][2][3] - The total number of outstanding shares will be reduced to approximately 7,046,738 common shares following the consolidation [1][3] - The company's name and trading symbol will remain unchanged despite the consolidation [1][3] Trading Information - All open orders will be canceled at the close of business on November 17, 2025, and dealers are advised to re-enter their orders considering the share consolidation [2][3] - Trading on a consolidated basis will commence on November 18, 2025 [4] - The record date and anticipated payment date for the consolidation is also set for November 18, 2025 [4] - The new trading symbol will be AFX, with a new CUSIP of 03967C 20 7 and a new ISIN of CA 03967C 20 7 6 [4]
Is Fox (FOXA) a Great Value Stock Right Now?
ZACKS· 2025-11-17 15:47
Core Viewpoint - The article emphasizes the importance of value investing and highlights Fox (FOXA) as a strong candidate for value investors due to its attractive valuation metrics and strong earnings outlook [2][4][7]. Company Metrics - Fox (FOXA) has a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating it is a top pick for value investors [4]. - The Forward P/E ratio for FOXA is 14.24, significantly lower than the industry average of 28.11, suggesting it is undervalued [4]. - FOXA's P/B ratio is 2.24, compared to the industry's average P/B of 5.76, further indicating its attractive valuation [5]. - The P/CF ratio for FOXA stands at 10.42, which is also lower than the industry average of 11.49, reinforcing the notion of undervaluation [6]. Historical Performance - Over the past 52 weeks, FOXA's Forward P/E has fluctuated between a high of 14.74 and a low of 10.80, with a median of 12.55 [4]. - In the last 12 months, FOXA's P/B ratio has ranged from a high of 2.31 to a low of 1.66, with a median of 2.03 [5]. - The P/CF ratio for FOXA has varied between a high of 11.64 and a low of 8.27, with a median of 9.76 [6].
Fox River Resources Produces Purified Phosphoric Acid from Martison Project, Boosting Canada's Battery Materials Supply Chain
Globenewswire· 2025-11-12 12:30
Core Insights - Fox River Resources Corporation has successfully produced purified phosphoric acid (PPA), essential for the lithium-iron-phosphate (LFP) battery supply chain [1][2] - The company has completed testwork to identify necessary operations for upgrading merchant grade acid to PPA, paving the way for a dedicated production facility [2] - The PPA facility is planned to be integrated within a phosphate fertilizer complex, which will optimize byproduct recovery [2][4] Company Overview - Fox River Resources holds a 100% interest in the Martison Phosphate Project located near Hearst, Ontario, which is designed as a vertically integrated operation [6] - The project is based on a high-grade igneous phosphate deposit, aimed at providing secure domestic supplies of phosphate fertilizers and PPA for the LFP battery industry [6] - The Anomaly A deposit has a positive preliminary economic assessment effective as of April 21, 2022 [6] Market Strategy - The company intends to supply its PPA to prospective LFP battery manufacturers for initial evaluation and testing [3] - CEO Stephen Case highlighted the successful PPA production as a demonstration of Martison's versatility and an expansion of market opportunities [4]
4 Low-PEG Value Stocks That Could Deliver Market-Beating Returns
ZACKS· 2025-11-05 20:01
Core Insights - In times of market volatility, investors are increasingly turning to value investing as a strategy to capitalize on discounted stock prices when others are selling off [1][3] Group 1: Value Investing Strategy - Value investing allows investors to purchase stocks at lower prices during market uncertainty, presenting opportunities for long-term gains [1] - The strategy can lead to "value traps" if not properly understood, where stocks underperform due to persistent issues rather than temporary setbacks [3] Group 2: Importance of PEG Ratio - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for value investors, with a lower PEG ratio indicating better value [5] - While P/E ratios alone may not accurately reflect a stock's true value, the PEG ratio helps in assessing intrinsic value [5] - Investors should also consider other parameters alongside the PEG ratio to enhance investment outcomes [6] Group 3: Screening Criteria for Value Stocks - Effective screening criteria for identifying potential value stocks include a PEG ratio lower than the industry median, a P/E ratio below the industry median, a Zacks Rank of 1 or 2, market capitalization over $1 billion, average trading volume exceeding 50,000, and upward revisions in earnings estimates greater than 5% [6] Group 4: Selected Stocks - Fox Corporation (FOX) has a Zacks Rank of 1, a Value Score of A, and a five-year historical growth rate of 12.3% [10] - Flex Ltd. (FLEX) also holds a Zacks Rank of 1, a Value Score of B, and a five-year historical growth rate of 35.1% [12] - Suzano S.A. (SUZ) has a Zacks Rank of 1, a Value Score of A, and a long-term expected growth rate of 52% [14] - Garrett Motion Inc. (GTX) maintains a Zacks Rank of 1, a Value Score of A, and a five-year expected growth rate of 23.1% [15]