Schwab's Voting Decision on Tesla's Pay Package - Schwab supported Elon Musk's trillion (万亿) dollar pay package, believing it aligns management and shareholder interests [1][2] - The decision was based on a systematic process, made approximately two weeks prior to the vote, aligning with the philosophy of enhanced shareholder value [3][4] - Schwab voted with management on the majority of proxies, believing the factors aligned with the long-term value of the stock [6] - The conditions of the current pay package differ from previous years, with performance aligned with potential shareholder results [7] - The threat from retail investors did not influence Schwab's decision, as the decision was already made [9] Market and Investment Trends - The market is experiencing positive tailwinds, driven by monetary and fiscal policy [15][16] - Concerns exist regarding market concentration and AI-driven capital expenditure (capex) [16] - The market is K-shaped, with the top 15% of the S&P 500 driving a significant portion of the returns [17][18] - Investors are showing strong interest in private assets, alternatives, tax efficiency, indexing, and crypto [21]

Financial Data and Key Metrics Changes - The third quarter of 2025 saw an Adjusted Funds From Operations (AFFO) of $3.8 billion, with WTI averaging $65 per barrel, which is a significant performance given the lower oil prices compared to previous years [11][18] - Operating earnings reached $1.8 billion, or $1.48 per share, demonstrating strong financial performance despite commodity price fluctuations [18] - Year-to-date free funds flow totaled CAD 5.2 billion, which is within CAD 200 million of 2024's performance, despite oil prices being $11 lower [12][20] Business Line Data and Key Metrics Changes - Upstream production reached a record 870,000 barrels per day in Q3, surpassing the previous record by 41,000 barrels per day [4][19] - Refining throughput also set a record at 492,000 barrels per day, with an industry-leading utilization rate of 106% [6][19] - Product sales were at 647,000 barrels per day, marking a 6% increase year-on-year, with high-margin retail sales up 8% [6][19] Market Data and Key Metrics Changes - The average WTI price in Q3 was $64.95, reflecting a slight increase from the previous quarter [17] - The Canadian dollar strengthened slightly against the US dollar, moving from CAD 0.72 to CAD 0.73 [17] - The downstream custom index improved to $3.35 per barrel, with cracking margins averaging $31.20, contributing to strong financial performance [17] Company Strategy and Development Direction - The company aims to achieve both volume and value growth, focusing on high-margin retail sales while reducing lower-margin export sales [6][19] - Suncor is committed to maintaining a disciplined capital allocation framework, returning 100% of excess funds to shareholders while managing capital expenditures below CAD 6 billion annually [40][41] - The company is institutionalizing a culture that emphasizes operational excellence and efficiency, aiming for best-in-class performance across all operations [11][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate predictable cash flows despite commodity price volatility, emphasizing the strength of its integrated business model [17][20] - The company plans to revise its 2025 volume guidance upwards across all categories, expecting to exceed previous performance records [14][15] - Management highlighted the importance of maintaining a competitive edge through operational improvements and strategic investments in high-quality assets [23][48] Other Important Information - The board approved a 5% dividend increase, raising the annualized dividend to CAD 2.40 per share, reflecting the company's commitment to sustainable growth [15][16] - The company has repurchased over 42 million shares year-to-date, representing 3.4% of its equity float, supporting future dividend growth [12][17] Q&A Session Summary Question: How does Suncor address the narrative that old assets cannot be fixed? - Management emphasized that age should not correlate negatively with performance, highlighting improved maintenance intervals and turnaround performance as evidence of operational excellence [27][28] Question: What is the company's approach to managing its balance sheet and capital allocation? - Management stated that they are actively reviewing their net debt target and are committed to returning excess cash to shareholders while maintaining a disciplined approach to capital expenditures [33][35] Question: Can you provide insights on the Fort Hills operations and production optimization? - Management confirmed that production from the first cut is going well and that they are actively working on the second cut to increase production volumes significantly [49][50] Question: What is the strategy for downstream operations and retail growth? - Management highlighted a shift in focus towards both value and volume, with plans to enhance retail operations and improve channel mix to maximize profitability [53][54]

RT Tesla (@Tesla)Like us, Counterpoint Global, a shareholder who invests for the long term, believes it’s in our shareholders’ best interest if Elon has “significant skin in the game.”They’re voting “FOR” our proposed performance-based incentive plan for Elon noting the “incredible fundamental success” and bright, ambitious future under Elon’s leadership as well as the shareholder benefits that would result if our missions are achieved.See Counterpoint Global’s full statement belowhttps://t.co/whmfjwHFue ...

RT Tesla (@Tesla)Like us, Counterpoint Global, a shareholder who invests for the long term, believes it’s in our shareholders’ best interest if Elon has “significant skin in the game.”They’re voting “FOR” our proposed performance-based incentive plan for Elon noting the “incredible fundamental success” and bright, ambitious future under Elon’s leadership as well as the shareholder benefits that would result if our missions are achieved.See Counterpoint Global’s full statement belowhttps://t.co/whmfjwHFue ...

RT Omead Afshar (@omead)Please vote YES to increase shareholder value.There is no better leader than @elonmusk to make @Tesla’s ambitious goals a reality and drive us into an age of abundance. He has always led from the front lines, putting all of his chips on the table to support the mission. ...

Core Insights - Janus Henderson Group plc (JHG) is a significant entity in the investment management sector, providing various financial services including investment advisory and asset management [1] - Evercore ISI has set a price target of $50 for JHG, indicating a potential upside of approximately 15.29% from its current trading price of $43.37 [2][6] - JHG has demonstrated strong financial performance, with quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of $1.01, resulting in a +7.92% earnings surprise [3][6] Financial Performance - JHG reported quarterly revenue of $700.4 million for Q3 2025, slightly missing the Zacks Consensus Estimate by 0.6%, but showing improvement from $624.8 million in the same period last year [4] - The company's operating income for Q3 2025 was $172 million, an increase from $163.8 million in the previous quarter, with adjusted operating income reaching $204.5 million [5][6] - JHG has consistently exceeded revenue estimates in three of the last four quarters, indicating a positive trend in financial performance [4]

RT Amy (@_SFTahoe)TESLA BOARD OF DIRECTORSShareholders must protect Tesla. The Tesla Board is critical to the company's success. Engaging with institutional investors prior to key votes is one of many vital, yet often unappreciatedcontributions. Those with overt political motivations want to stack the board & steal Tesla from Elon Musk.SHAREHOLDER ACTION REQUIREDVoting for the incentive plan is essential to safeguarding Tesla, but it is INSUFFICIENT on its own. Investors must ALSO vote this year—and EVERY Y ...

Financial Data and Key Metrics Changes - The company anticipates that Resolution 1, which involves reviewing the financial statements for the year ended March 31, 2025, will be approved by shareholders based on proxy votes received prior to the AGM [6][7] - Preliminary second quarter results announced in October reflect strong performance in the deck, rail, and accessory segment, indicating continued progress towards realizing substantial cost and revenue synergies from the ASIC integration [19] Business Line Data and Key Metrics Changes - The company is focused on executing strategic growth plans and realizing the potential of its combination with ASIC Company Incorporated, which is expected to drive long-term growth in the building products industry [19] Market Data and Key Metrics Changes - The company acknowledges the dynamic nature of the building products industry and is poised to drive long-term growth and success through its comprehensive portfolio of leading exterior brands and a powerful manufacturing and support network [19] Company Strategy and Development Direction - The board is committed to delivering strong strategic leadership and engaging constructively with shareholders to reflect on feedback received [5][20] - The company aims to take the right steps to drive shareholder value while recognizing the need for further work to fulfill promises to shareholders [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the board's actions in the best interests of shareholders and emphasized the importance of accountability in executing plans for long-term outperformance [5][20] - The board thanked shareholders for their engagement and support, indicating a solid foundation for continued accountability [20] Other Important Information - Resolutions related to the remuneration report and the grant of stock units to the CEO are expected to not receive sufficient support based on proxy votes, prompting the board to engage with shareholders for feedback [7][11][14] - The company’s external auditors, Ernst & Young LLP, are deemed to be reappointed until the conclusion of next year's AGM [18] Q&A Session Summary Question: Are there any other items of business or proposals made by shareholders? - The Company Secretary confirmed that there are no other items of business or proposals made by shareholders or proxy holders [17]

Well, there is no other person uh that is Elon. Uh we think that he is the right leader for um the company over this next uh decade um in delivering the plan and the opportunities ahead of us. So it's about how do we uh create the most value for the company and for our shareholders over this next period of time and he he is the right leader for us over this next decade.Is a performance package. Uh so he gets nothing if he doesn't perform against the the pretty um audacious milestones that are part of the um ...

Financial Performance - The company's net income for 3Q25 was $106.0 million, resulting in diluted earnings per share of $1.54[22] - The company's return on average assets (ROA) was 1.56% for 3Q25[22] - The company's return on average tangible common equity (ROTCE) was 14.57% for 3Q25[22] - The company's net interest margin (NIM) improved by 3 basis points to 3.80% in 3Q25[22] - The company's efficiency ratio improved to 49.19% in 3Q25[22] Balance Sheet and Capital - The company's tangible book value (TBV) grew by $1.58 per share to $42.90 at the end of 3Q25, representing an annualized growth rate of 15.2%[22] - The company's CET1 ratio was 13.2% at the end of 3Q25[13] - Noninterest-bearing deposits remained strong, representing 30.4% of total deposits as of September 30, 2025[22] Loan Portfolio and Credit Quality - The company's loan portfolio totaled $21.3 billion in 3Q25[56] - The company's allowance for credit losses (ACL) on loans was 1.62% of total loans in 3Q25[13] - The company's net charge-offs were stable at 0.14% annualized in 3Q25[22] Market Position and Growth - The company's Southeast markets are projected to grow approximately 1.7x the national average over the next five years[13]