ALS’ Post

💎 Today we have released our audited full year results for FY24 You can read the full release here, as well as access the Annual Report: https://lnkd.in/ei9FSiQW We also have published our sustainability report today which can be accessed via the same link. Reflecting on FY24, Richard Duffy, Chief Executive Officer of Petra, commented: “In FY 2024, Petra demonstrated its agility in responding to a weaker pricing environment by building greater business resilience. Actions taken during the Year reduced planned cash expenditure by US$75 million through deferring capital expansion programmes and sustainably reducing our cost base. We have transitioned Finsch from a 2.8Mtpa to a 2.2Mtpa operation with greater emphasis on planning and maintenance. With our two South African mines starting to access fresh ore from newly developed project areas and Willamson at full production, we remain confident in meeting our FY 2025 guidance. With a smoothed capital profile and US$44 million[1] reduction in annual operating costs going forward (US$30 million at our SA operations and US$14 million at Williamson), we are targeting free cashflow generation from FY 2025. [1] Compared to previous guidance issued for FY 2025 in July 2023 as part of the Company’s FY 2024 – 2026 guidance Read the full quote in the release.

📊 Management Analysis Report on Lloyds Metals and Energy I'm excited to share my first management analysis report, where I conducted a comprehensive management analysis of Lloyds Metals and Energy. This analysis covers several key aspects: Management Profiling: Detailed profiles of the top management team. Remuneration and Peers Analysis: Examination of executive remuneration and comparison with industry peers. Shareholding Pattern: Analysis of the company's shareholding structure. Board of Directors Efficiency: Evaluation of the effectiveness and performance of the board. Insider Trades: Review of insider trading activities. Related Party Transactions: Investigation of transactions with related parties. 🔍 Purpose: This report is for academic purposes only and should not be considered as investment advice or a recommendation. 💬 Seeking Feedback: I welcome any suggestions or feedback on how I can improve my analysis and approach. Your insights would be greatly appreciated! Feel free to connect with me to discuss this analysis or for any insights on the financial markets. 🌱 #ManagementAnalysis #FinancialMarkets #LloydsMetalsAndEnergy #AcademicProject #CorporateGovernance #Feedback

I am proud to announce that Laurion Group’s level of creditworthiness was renewed and remains high where the potential equivalence in international scale could be a rating of “A”. This is a consequence of the following factors: 1 - Continuous focus on executing our Strategic Plan 2020-2025, diversifying improving the quality of our portfolio. In the last 3 years, our Balance Sheet presents a significant growth in the value of our Shareholder’s Equity (from EUR 108M to EUR 195M) and of our Total Assets (from EUR 129 to EUR 243M). 2- Quality of the management teams of our participated companies. Last two years we invested significantly in new private equity deals, in some of them we acquired shareholding stakes above 10% in innovative and sustainable leading companies in their sectors. I look forward to continue to work closely, for example, with the Board of Directors of EiDF Solar and Portfolio Stock Exchange to achieve these companies’ full potential. 3- Trust of our stakeholders, namely the more then 60 qualified investors, like Assets Managers, Non Profit Organizations, Enterprises and HNWIs, that allocated capital to Laurion Alternative Deposits, thanks to our solvent, robust, regulated and transparent structure. 4- Dedication and commitment of Laurion’s team. I am confident that over the next years, we will continue executing our Strategic Plan, thus ensuring a sustainable shareholders return and stability for the next generations of our Single Family Office. https://lnkd.in/dxDm3GDa

Dear PE industry experts, See attached PE Industry data indicators Prices & Fundamentals at 1 glance (Dec week 1 update). -> *Early bird USD 350 per annum* (Usual price 500 / annum) -> If you prefer *Daily* Prices & Fundamentals details, email kevin.liang@mysteel.com

Today sees the release of our Q1 financial results. Commenting our CEO Aditya Mittal said: “Across the Company our people are galvanized to improve safety performance. The 3rd party safety audit, which started at the end of December, is now well underway and on target to be completed in September. We expect this to make valuable recommendations that, combined with the considerable efforts already underway, will enable us to deliver the safety results we are striving for. “On financial performance, the improved pricing environment combined with recovering volumes resulted in sequentially stronger quarterly results, which also now reflect the value contributed by our joint ventures. “We have an exciting pipeline of growth projects underway, including the 1GW renewables project in India and Vega CMC in Brazil, both of which are expected to commence operations in the first half. Meanwhile the strategic stake in Vallourec will enhance our exposure to the attractive North American market in the value-added tubular market. We continue to progress with our decarbonization projects, conscious of the need to ensure these investments create value as well as reduce emissions. “Maintaining our position as the lead supplier of low carbon steels is a clear priority and the planned ramp-up at Sestao, along with the new EAF in Gijon which will break ground imminently, will both have an important role to play. Meanwhile our XCarb® recycled and renewably produced steel will be on show to the world during the Paris Olympics, in both the Olympic and Paralympic torches and also the Spectacular which will be erected on the Eiffel Tower. “Although overall economic sentiment remains subdued, we expect apparent steel demand ex-China to grow between +3% and +4% this year and are well positioned to benefit from this improvement.” Read the full results https://lnkd.in/d3WvtbTd

E&P consolidation can reduce market competition by creating larger entities with increased market power. This can lead to fewer companies controlling more resources, potentially influencing prices and investment decisions in the industry.

In this case study, we explore the implementation of direct indexing with full-scale personalisation. Full-scale personalisation is a two-step process that involves selecting the most appropriate index, customizing it to align with specific investor preferences, and employing tax-loss harvesting to reduce capital gains tax liability. We are targeting US Large Cap exposure and direct indexing gives us the option to choose between S&P 500 and US-PI-DY_MOM50 (phaseinvest’s core US Large Cap index). We choose US-PI-DY_MOM50 due its more efficient capture of US Large Cap exposure with superior risk-adjusted return and better drawdown management. We customise the chosen index by excluding oil, gas, & tobacco stocks to align with investor values. Doing so lowers the annualised return by 0.39% but implementing tax-loss harvesting (TLH) delivers an annualised return uplift of 1.15%. Direct indexing the US-PI-DY_MOM50 index delivers an annualised return of 16.12% vs 15.36% for the base index, and 13.29% for the S&P 500. Visit our page at phaseinvest for more info. #directindexing #indexinvesting #taxlossharvesting #TLH #personalisedportfolios

More good things to come Dialog's way, investors should start accumulating Dialog Group Bhd has seen a good rebound after a massive sell-down in December last year following its exclusion from the KLCI and MSCI index on 29 Feb 2024. The counter saw over 30% decline from its 52-week high of RM2.47 to a low of RM1.72. While Dialog has appreciated from its low, the counter is still deemed to be trading at undemanding valuation. In fact, the decline in the share price is seen as a good opportunity for investors to accumulate the shares. This is because Dialog is expected to experience earnings recovery going forward. Core earnings are anticipated to rise 18.3% in FY24 to around RM600 million fuelled by the diminishing loss impact from certain legacy downstream projects. The company is also expected to register a resilient performance in the oil storage business. Notably, the sequential QoQ margin improvement witnessed in 2QFY24 is expected to persist in the coming quarters as legacy contracts gradually phase out by mid-CY24. Additionally, the storage rates for its independent terminals have remained steady at SGD6.50 per cbm, with utilization rate exceeding 90%. The ongoing geopolitical tensions and mounting concerns regarding energy security are anticipated to continue bolstering the oil storage markets. Investors should favour Dialog for its recurring income business model. The company is also in a strong unique position in riding the future expansion of Pengerang via development of tank terminals. Analysts are anticipating for the Dialog to bag new long term dedicated storage tank terminal contracts for its PDT Phase 3 with about 500 acres available for future development. They are also betting on better margins ahead from new contracts as well as strong earnings prospects.This is on the back of heightened geopolitical tensions, which support demand for oil storage amid rising concerns over energy security. What is not to like about Dialog? Again, investors might want to accumulate Dialog before it takes a further leap.

I wrote this equity research report in the Valuation Master Class Boot Camp. It was an intense six weeks, but I had a great time gaining practical experience in company valuation from Andrew Stotz, Supawan Laosuwan, Mo'men Elsayed and Hamid Hejazifar. In this Boot Camp, I delved deep into world-class benchmarking, FVMR investing, and quantamental investing, which allowed me to assess companies on a global scale. I learned to forecast key financial metrics such as revenue, gross margin, EBIT margin, current and fixed assets, liabilities, long-term debt, and equity, all critical components in building a comprehensive valuation model. By mastering the art of managing the plugs and forecasting free cash flows to infinity, I enhanced the accuracy of Shell’s valuation model. My analysis also included a detailed assessment of Shell’s strategic moves, like their projected increase in LNG production, and how these impact their market positioning and growth prospects. Throughout the boot camp, I completed rigorous assignments that included: - Company Background: A thorough overview of Shell’s operations and market environment. - Three Key Stories: Identifying critical narratives shaping Shell’s future. - Consensus Estimates: Analyzing market expectations and comparing them with my forecasts. - World-Class Benchmarking (WCB) and FVMR: Evaluating Shell’s performance against global peers. - Valuation: Building a detailed valuation model incorporating various forecasting techniques. - Executive Summary: Summarizing the entire analysis in a concise, actionable format. - Risk Section: Assessing potential risks and their impact on valuation. - Final Report: Compiling all insights into a comprehensive report. This experience has not only sharpened my technical skills but also deepened my understanding of the intricacies involved in equity research and valuation. I am grateful for the opportunity to apply these learnings to a real-world scenario and to have learned from industry-leading professionals, along with my wonderful teammates - Aalimah Ahmad, Priyanshu Chaurasiya, Aye Pyae Phyo (Grace), Trixie Marie Masaoy and many more. I look forward to leveraging these skills in my future endeavors and contributing to the field of finance. #ValuationMasterClass #Valuation #Finance #FinancialAnalyst #InvestmentBanking #EquityResearch

💰 Santos Ltd Q1 2024 Earnings: A Sustainable Growth Trajectory? Price Sensitive! Santos Ltd's Q1 2024 analysis delves into sustainable investing, carbon capture storage, and strategic projects, showing a strategic shift towards robust free cash flow and key project advancements. This analysis explores what these developments mean for savvy investors. Santos Ltd's recent report reveals substantial free cash flow of US$692 million and sales revenue of US$1.4 billion, indicating financial strength and effective asset management. This financial stability suggests potential for enhanced shareholder returns through dividends or buybacks. Key Project Developments: Progress in major projects like Barossa and Pikka underline Santos's long-term growth strategy. Barossa's near-complete pipelaying and the expected commencement of Pikka's production in 2026 spotlight future cash flow diversification. Sustainability Focus: The Moomba Carbon Capture and Storage (CCS) Project, set to start CO2 injection in mid-2024, emphasizes Santos's commitment to decarbonization, aligning with ESG investment criteria and enhancing its appeal to eco-conscious investors. Risk Factors: The report notes challenges like severe weather and maintenance impacting production, highlighting the importance of risk management for investors. Conclusion: Santos Ltd's Q1 2024 report paints a picture of a company poised for sustainable growth, with solid financials and strategic initiatives. However, investors should perform due diligence, considering operational risks and market volatility. © XTF Pty Ltd 2024 www.MyWealthAI.com.au These insights are based on company announcements to ASX under their continuous disclosure regulations. MyWealthAI does not guarantee the accuracy of this information and does not consider individual financial needs. #Santos #asx #smsf #sustainablegrowth #sustainableinvesting #firstquarter #carboncapture #carboncapturestorage #investing