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Secrets of Melania Trump's brilliant style tactics: From statuesque suits to Dior opulence... how the First Lady now lets restrained elegance do all the talking By JANE MARGUERITE TIPPETT Published: 12:25 EST, 27 December 2024 | Updated: 12:25 EST, 27 December 2024 e-mail 7 shares 10 View comments Even when she says nothing – Melania seems intent on being heard. Standing beside, but slightly behind, her husband as he triumphantly rang the opening bell of the New York Stock Exchange before Christmas , she might have been forgiven for ceding the day to a man who had just been named Time Magazine's 'Person of the Year.' Instead, statuesque and impeccably attired in a Ralph Lauren Collection chalk grey and white flannel double-breasted pant suit – a crisp white cotton blouse peeking out from her open blazer – Melania stood out and stood tall amid an assembled group of women who had predictably worn black. Striding on stage, her left hand perched suavely in her pocket, she exuded a cool confidence that spoke volumes – even as she failed to utter a single word, including refusing to join in the chants of 'USA' that erupted as her husband prepared for his moment. Repeating the effect of the grey Dior 'New Look' skirt suit that she wore on Election Night 2024, when restrained elegance contrasted with the garish Palm Beach-inspired ensembles of the extended Trump family, Melania achieved something even more remarkable on this occasion: by making black – the color of choice for most New York fashionistas (financial and otherwise) - seem parochial. That even applied, by extension, to the women gathered immediately around her at the stock exchange, including stepdaughters, Ivanka and Tiffany. This was Donald Trump 's day. Melania said nothing whatsoever. Yet, still she stood out from the distinguished crowd. It was a telling reminder of how far the former and future First Lady has come, in both style and substance. This was Donald Trump's day - ringing the opening bell at the New York Stock exchange to celebrate being named Time magazine's Person of the Year. Melania said nothing - but still stood out from distinguished crowd. Statuesque and impeccably attired in a Ralph Lauren Collection chalk grey and white flannel double breasted pant suit Melania stood tall amid an assembled group of women who had predictably worn black. The grey Dior 'New Look' skirt suit that she wore on Election Night 2024 (pictured) contrasted with the garish Palm Beach-inspired ensembles of the extended Trump family. When the world first met Melania Trump in the early 2000s, she was mostly known for her credentials as a socialite and model, often to be seen sitting front row at fashion shows or making glitzy appearances on New York's party scene . In those days the Slovenian-born glamazon favored sequins and silk – alongside sky-high hemlines, cropped tops and decidedly plunging necklines – styles that maximized her curvaceous credentials. Dolce & Gabbana's satin corseted cocktail dresses were a particular favorite. Suggestively sexy, they paired perfectly with the showmanship image that Trump - first boyfriend and then, in 2005, husband - cultivated during his years as a television personality. Yet as Donald's ambitions evolved, so too did Melania's style, with the exception of the cleavage-barring white bandeau cocktail dress that she wore in 2015 as she rode down the escalator in Trump Tower to watch her husband announce his first presidential bid, the prospective First Lady embraced an increasingly lady-like demeanor. At first, though her couture creations often drew praise, she lacked a real style. Fashion watchers would suggest the clothes seemed to wear her, rather than the other way around. In 2019, just three years into her unasked-for public secondment, Melania herself was asked to ring the opening bell – something to keep her busy while her husband opened the 74th session of the United Nations General Assembly. Instead of making stylistic waves, she opted for cautious predictability in her choice of an all-business black, sleeveless, form-fitting Prada midi dress. Melania is a fast learner, however. Her confidence clearly grew, particularly after entering the White House for the first time and now, after almost a decade dressing for the political arena, she seems to have hit her stride. With the exception of the cleavage-barring white bandeau cocktail dress that she wore in 2015 (pictured) as she rode down the escalator in Trump Tower to watch her husband announce his first presidential bid, the prospective First Lady has embraced an increasingly lady-like demeanor. In those days the Slovenian-born glamazon favored sequins and silk – alongside sky-high hemlines, cropped tops and decidedly plunging necklines – styles that maximized her curvaceous credentials. (Pictured: Melania Trump in New York in 1998) The President-elect's pick for agriculture secretary, Brooke Rollins (pictured, left of Melania Trump), wore a $2,490 Ralph Lauren 'officer's jacket' complete with brass buttons, gold braiding and red collar. The outfit was a 2024 holiday season highlight on the designer's website. Instead of making stylistic waves, she opted for cautious predictability in her choice of an all-business black, sleeveless, form-fitting Prada midi dress. (Pictured: First Lady Melania Trump at the New York Stock Exchange on September 23, 2019) When Donald Trump took the oath of office in 2019, but all eyes were on Melania, dressed in a pale blue ensemble inspired by Jackie Kennedy and styled by her dresser, Herve Pierre. Clad in her repeat red Dior 'New Look' two-piece skirt suit (she'd worn the same outfit to huge effect on a 2017 Presidential visit to Paris), Melania strode across the Milwaukee convention stage oozing sartorial self-assurance (pictured). First Lady Melania Trump is welcomed during a rally at Amway Center in Orlando in 2000 Read More MELANIA TRUMP: My nightclub meet-cute with tender Donald that left me giddy with jo Take for example her headline grabbing appearance on the final night of the Republican Convention in July. Though unlike 2016, when she had stood at the podium in the confection-like froth of her white silk Roksanda cocktail dress and - embarrassingly - poached lines from Michelle Obama's convention speech of 2008, this time Melania declined to say a word. Instead, clad in her repeat red Dior 'New Look' two-piece skirt suit (she'd worn the same outfit to huge effect on a 2017 Presidential visit to Paris) strode across the convention stage oozing sartorial self-assurance. Embracing the razor-sharp tailoring of one of 20th century's iconic female silhouettes - the New Look was deliberately created to celebrate femininity and opulence in women's fashion – Melania expressed her determination to defy conventional expectations for both a First Lady and a female member of the Trump clan . The success of this moment provided a template for her Election night appearance in November, too. As her husband celebrated his historic victory in the warmth of the Florida small hours, and the members of his entourage embraced their cocktail glitz, Melania basked in the glow of the conservative elegance that reminded the public how different their future First Lady was both from the rest of her family - and from her predecessors. Melania has embarked upon a new era in which clothing seems to not only express her desire to look beautiful but her intent on demonstrating that she remains very much her own person. Some like to dismiss her as no more than a mannequin; she begs to differ. Aware of her outsider status – and clearly recognizing that she will never join the pantheon of traditional First Ladies – Melania has embraced her difference and found in clothing a language that ensures she will never be lost in a Trumpian crowd. New York Melania Trump Share or comment on this article: Secrets of Melania Trump's brilliant style tactics: From statuesque suits to Dior opulence... how the First Lady now lets restrained elegance do all the talking e-mail 7 shares Add commentBeth El in Voorhees Hosts Shai Davidai
NoneGSA Capital Partners LLP cut its holdings in shares of Gravity Co., Ltd. ( NASDAQ:GRVY – Free Report ) by 23.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,201 shares of the technology company’s stock after selling 1,255 shares during the quarter. GSA Capital Partners LLP’s holdings in Gravity were worth $249,000 at the end of the most recent quarter. Several other hedge funds have also recently added to or reduced their stakes in GRVY. GAMMA Investing LLC raised its holdings in Gravity by 68.9% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the technology company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. QRG Capital Management Inc. bought a new position in Gravity during the 2nd quarter worth approximately $209,000. Caprock Group LLC bought a new position in Gravity during the 2nd quarter worth approximately $394,000. Apis Capital Advisors LLC raised its holdings in Gravity by 88.9% during the 2nd quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock worth $1,373,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Creative Planning raised its holdings in Gravity by 7.3% during the 2nd quarter. Creative Planning now owns 3,801 shares of the technology company’s stock worth $307,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 9.92% of the company’s stock. Analysts Set New Price Targets Separately, StockNews.com upgraded shares of Gravity from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Gravity Price Performance Shares of NASDAQ GRVY opened at $66.64 on Friday. The company has a 50-day moving average price of $62.63 and a 200-day moving average price of $69.89. The stock has a market capitalization of $463.15 million, a P/E ratio of 7.42 and a beta of 1.34. Gravity Co., Ltd. has a 1 year low of $57.37 and a 1 year high of $88.85. Gravity Profile ( Free Report ) Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics. Featured Articles Want to see what other hedge funds are holding GRVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gravity Co., Ltd. ( NASDAQ:GRVY – Free Report ). Receive News & Ratings for Gravity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gravity and related companies with MarketBeat.com's FREE daily email newsletter .Samsara Quarterly Results Highlight Strong Growth Across New Frontiers
The oil and gas industry has traditionally been the domain of large corporations and institutional investors, creating high barriers for individual participants. Phoenix Capital Group is changing that landscape by offering an innovative direct-to-investor financing model, paired with proprietary fintech solutions, to open doors for Main Street investors. Through its corporate bond offerings, investors can access fixed yields ranging from 9-13%, an opportunity previously reserved for larger players. “Our success as a company is rooted in innovation—whether in our operations or capital markets strategies,” says Adam Ferrari, CEO of Phoenix Capital Group . “By eliminating middlemen like private equity or Wall Street institutions, we’ve raised growth capital directly from individual investors, aligning our mission with families across America.” This direct-to-investor approach is made possible through the JOBS Act of 2012 , which empowered private companies like Phoenix Capital Group to connect with individual investors. This model reduces costs typically absorbed by institutional fees, creating efficiencies that can benefit both the company and its bondholders. The oil and gas sector requires significant upfront capital, with the cost of drilling a single production well ranging from $9 to $13 million. The hefty sums are why financing has been dominated by private equity, venture capital, and banks, which can place costly short-term pressures on growing companies like Phoenix Capital Group. These traditional methods also limit individual investors’ access to opportunities. Phoenix Capital Group has tackled these challenges by leveraging technology and expertise in the oil and gas industry to offer investments directly to investors. The company’s proprietary software platform enhances transparency and accessibility for investors. Designed in-house, the platform simplifies investment management, providing secure and user-friendly functionality. “Our investor-first approach drives everything we do,” says Kris Woods, Chief Technology Officer . “When we couldn’t find a tool that met our bondholders’ needs, we built one ourselves.” This commitment to innovation and investor satisfaction not only strengthens relationships but also distinguishes Phoenix Capital Group in the marketplace. Anticipating revenues of $280–290 million in 2024, Phoenix Capital Group has established itself as a significant player in the energy sector. Ranking as the 17th largest oil producer in North Dakota’s Williston Basin, the company continues to demonstrate its operational prowess. With a commitment to efficiency, Phoenix has streamlined processes to minimize costs and maximize returns—a win for both the company and its investors. “Our operational discipline is a cornerstone of our ability to deliver value to bondholders,” explains Ferrari. “Every decision we make is geared toward protecting the capital entrusted to us and creating long-term impact.” Phoenix Capital Group exemplifies a new era of energy finance, blending operational expertise with a direct-to-investor model that prioritizes transparency and independence. This approach allows individuals to participate in the company’s growth while maintaining a buffer from commodity price volatility**. “We’re proud to be part of an alternative to traditional investments that aligns with our values and delivers meaningful opportunities to everyday families,” Ferrari concludes. For more details about Phoenix Capital Group and its bond offerings, visit phxcapitalgroup.com . Prospective investors are encouraged to join one of Phoenix’s daily webinars to explore the company’s business model and growth strategies. *Historically, Phoenix Capital Group has met its investor obligations, including monthly payments. Past performance is not indicative of future results. **Investors have historically received high yields. DISCLAIMER: No part of the article was written by The Signal editorial staff.Thitikul finishes eagle-birdie to win CME Group Tour Championship and claim record $4M prize
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The ongoing Canada Post strike has reached the three-week mark as the two sides continue to trade proposals through a government-appointed mediator. The work stoppage centres around a variety of issues, including disputes over wages and weekend delivery. Here’s a snapshot of the issues underpinning the standoff between the Crown corporation and union. Wage increases The Canadian Union of Postal Workers, which represents 55,000 Canada Post workers, said at the start of the strike that wage increases must be kept in line with inflation, with cost-of-living adjustment payments rolled into the basic wage rate. The union initially called for a cumulative wage hike of 24 per cent over four years. CUPW negotiator Jim Gallant said that figure has moved since the start of negotiations, but declined to comment on the union’s latest proposal. “We have just lived through the worst cost of living crisis in a generation,” the union’s national president Jan Simpson said in a post on Tuesday. Canada Post says it has offered what it calls “competitive” wage increases totalling 11.5 per cent over four years and more paid leave. It notes labour costs rose by $242 million in 2023, or about 6.5 per cent, compared with 2022. The organization declined to comment on Thursday. Weekend delivery One of the main snags in negotiations has been a push to expand delivery to the weekend, but the two sides are at odds over how to staff the expansion. Canada Post has pitched seven-day-a-week delivery as a way to boost revenue and “secure the future of the company” as it struggles to compete with other delivery companies. The Crown corporation says it would staff weekend delivery shifts with a mix of new permanent part-time positions and some full-time, which would “create flexibility while not adding significant long-term fixed costs.” But the union characterizes Canada Post’s proposals as “attacks on full-time work,” accusing the Crown corporation of wanting to increase the part-time mix to more than 50 per cent of the workforce. It says it is concerned some part-timers could be scheduled for as few as eight hours per week and wouldn’t be eligible for benefits until they reach 1,000 hours. “Canada Post has every ability today to deliver parcels on the weekend, inside our collective agreement at straight time,” Gallant said in an interview. “We think it can be done with full-timers ... We’re just saying, ‘Instead of hiring 10 part-timers, you can hire three full time.” Job security and retirement The union has highlighted a number of its demands for better job security, including a request for “improved protections against technological change.” Gallant said Canada Post is “always looking for new technology” that could threaten workers’ duties. “This loading and unloading of trucks by robots is one that they’re really, really looking at (and) forklifts that drive themselves through a plant,” he said. “We’re always afraid.” When it comes to retirement, CUPW says Canada Post wants new workers to accept a defined contribution pension plan, even though its defined benefit pension plan is overfunded by 140 per cent. “All workers deserve the right to retire with dignity, and for us, that means postal workers — present and future — maintain their defined benefit pension plan,” Simpson said. Canada Post says its proposals are “focused on protecting and enhancing what’s important to current employees ... while protecting the defined benefit pension and their job security.” Rural service The union has said it wants job security rights for rural and suburban mail carriers in line with those granted to urban postal workers. It has outlined a number of issues affecting its Rural Suburban Mail Carrier bargaining unit, saying it wants an hourly rate system with appropriate time values, union involvement and “safeguards against (Canada Post’s) unilateral change.” The union says Canada Post must maximize and maintain eight-hour routes for rural workers, grant improved rights for on-call relief employees, and uphold paid meal and rest period rights. It says the Crown corporation must also ensure the bargaining unit’s involvement in service expansion projects. Earlier this week, Simpson called on Canada Post to commit to working with the union “to expand services at the post office including postal banking and electric vehicle charging stations.” Safer working conditions The union has demanded the full elimination of Canada Post’s “separate sort from delivery” system, which entails certain employees spending the entirety of their shifts sorting mail for letter carriers to go out and deliver — as opposed to carriers performing both tasks. It says this system overburdens carriers, who as a result spend more time outdoors and potentially exposed to extreme weather events. “Postal workers suffer the second highest rate of disabling injury among workers under federal jurisdiction, behind only the road transportation sector,” Simpson said. “Growing neighbourhood mail volumes and changing work methods like separate sort-from-delivery are only making things worse.” The union has also proposed increases to short-term disability program payments and injury on duty payments, along with more paid medical days. This report by The Canadian Press was first published Dec. 5,2024.Samsung Slashes Galaxy Z Fold 6 Price In Early January Sale
This image provided by FinaMill shows the FinaMill Ultimate Spice Grinder Set. The new FinaMill Ultimate Spice Grinder set elevates the pedestrian pepper and spice mill in both function and style. (FinaMill via AP) This image provided by QelviQ shows a wine bottle chiller. For friends who prefer stronger beverages, the QelviQ personal sommelier uses “smart” technology to ensure wine is served at its ideal temperature. (QelviQ via AP) This image provided by FUJIFILM North America Corporation and FUJIFILM Corporation Tokyo shows a smartphone printer. Fujifilm Instax’s Mini Link 3 smartphone printer offers a touch of nostalgia without sacrificing technology. Just load the printer with film and connect it to your Android or iOS device via Bluetooth to print wallet-size photos. (FUJIFILM North America Corporation and FUJIFILM Corporation Tokyo via AP) This image provided by FeatherSnap shows a female cardinal bird perched on a FeatherSnap Wi-Fi Solar Powered Camera Smart Bird Feeder. Equipped with an HD camera, the dual-chamber feeder enables up-close livestreaming of avian visitors, as well as species-logging via the free mobile app. (FeatherSnap via AP) This image provided by Nama shows the M1 plant-based milk maker. If you’ve got a no-dairy friend on your list, a plant-based milk maker could save them money while allowing them to avoid unnecessary ingredients like sugar, stabilizers, thickeners and preservatives. (Nama via AP) This image provided by Pull Start Fire shows the matchless fire igniter in use. Made of 89% recycled materials, the food-safe, eco-friendly, 3-by-2-by-1-inch fire starters will light a fire quickly without matches, lighters or kindling.(Pull Start Fire via AP) This image provided by Uncommon Goods shows a 2-piece LED Grilling Tool Set. Uncommon Good’s 2-piece LED Grilling Tool Set puts illumination into the handles of its stainless-steel spatula and tongs. (Uncommon Goods via AP) This image provided by easyplant shows a Marxii Calathea plant in a small, beige, self-watering pot. The appropriately named easyplant is one of the best gifts you can give your houseplant-loving friends, regardless of their experience level. (easyplant via AP) This image provided by Souper Cubes shows No Mess Utensils held upright on pot edges. The No Mess Utensil lives up to its name. The utensils, a serving spoon and a ladle, have innovative, S-shaped handles designed to rest on the edge of a pot. (Ashley Cuoco via AP) This image provided by FinaMill shows the FinaMill Ultimate Spice Grinder Set. The new FinaMill Ultimate Spice Grinder set elevates the pedestrian pepper and spice mill in both function and style. (FinaMill via AP) By JESSICA DAMIANO Finding the perfect gift can be daunting. The only way to truly ensure you get it right would be to ask the recipient what they want, but that wouldn’t be much fun for either of you. Luckily, there’s another tactic to help you earn a “gift whisperer” reputation: seeking out unique, practical, game-changing gifts that will truly surprise and delight. But that’s about as easy as it sounds, which is to say it’s not easy at all. So, we’ve done the legwork for you. Start making your list with this compilation of some of the most innovative, functional and fun gifts of 2024. There’s something for every budget. Bear with me: The new FinaMill Ultimate Spice Grinder set elevates the pedestrian pepper and spice mill in both function and style. Available in three colors (Sangria Red, Midnight Black and Soft Cream), the rechargeable-battery unit grinds with a light touch rather than hand-tiring twists. That’s easier for everyone and especially helpful for those experiencing hand or wrist issues such as arthritis, carpal tunnel syndrome or tendinitis. And it’s fun to use. The set includes a stackable storage tray and four pods that can be easily swapped as needed: The GT microplane grater for hard spices, nuts and chocolate; the MAX for large spices and dried herbs; the ProPlus for smaller and oily spices; and the Pepper Pod for, well, pepper. $110. Campers and backyard firepit lovers who have experienced the heartbreak of wet wood will appreciate having a three-pack of Pull Start Fire on hand. Made of 89% recycled materials, including sanding dust, wax and flint, the food-safe, eco-friendly, 3-by-2-by-1-inch fire starters will light a fire quickly without matches, lighters or kindling. Just loop the attached green string around a log, incorporate it into a wood stack, and pull the attached red string to ignite. Each windproof, rainproof block burns for 30 minutes. $29.99. The No Mess Utensil Set from Souper Cubes , a company known for its portioned, silicone freezer trays, lives up to its name. The utensils — a serving spoon and a ladle — have innovative, S-shaped handles designed to rest on the edge of a pot, keeping them upright so they won’t slip in. The design also eliminates the need for a spoon rest or, worse, placing dirty utensils on the kitchen counter or stovetop between stirs. A silicone coating in a choice of Aqua, Charcoal, Cranberry or Blueberry keeps handles cool to the touch. $24.99. The FeatherSnap Wi-Fi smart bird feeder could turn anyone into an avid birdwatcher. Equipped with an HD camera, the dual-chamber feeder enables up-close livestreaming of avian visitors, as well as species-logging via the free mobile app. An optional premium subscription ($59.99 annually or $6.99 monthly) includes unlimited photo and video storage, AI identification with species-specific details, and the opportunity to earn badges for logging new visitors. Turn on notifications to get alerts sent to your phone whenever there’s activity at the feeder. $179.99. Fujifilm’s Instax Mini Link 3 smartphone printer offers a touch of nostalgia without sacrificing technology. Just load the 4.9-by-3.5-by-1.3-inch printer with Instax Mini instant film and connect it to your Android or iOS device via Bluetooth to print wallet-size photos. If you want to get fancy, you can adjust brightness, contrast and saturation, or apply filters, including 3D augmented-reality effects, via the free Instax Mini Link app. It can also make collages of up to six images, or animate photos to share on social media. Available in Rose Pink, Clay White and Sage Green. $99.95. The appropriately named easyplant is one of the best gifts you can give your houseplant-loving friends, regardless of their experience level. Select a pot color, size and plant (or get recommendations based on sunlight requirements, pet friendliness and other attributes) and fill the self-watering container’s built-in reservoir roughly once a month. Moisture will permeate the soil from the bottom as needed, eliminating the often-fatal consequences of over- or under-watering. It’s also a literal lifesaver come vacation time. $49-$259. Related Articles Things To Do | US airports with worst weather delays during holiday season Things To Do | The right book can inspire the young readers in your life, from picture books to YA novels Things To Do | Holiday gift ideas for the movie lover, from bios and books to a status tote Things To Do | ‘Gladiator II’ review: Are you not moderately entertained? Things To Do | Beer pairings for your holiday feasts If you’ve got a no-dairy friend on your list, a plant-based milk maker could save them money while allowing them to avoid sugar, stabilizers, thickeners and preservatives. The Nama M1 appliance both blends and strains ingredients, converting nuts, seeds, grains or oats into velvety-smooth milk in just one minute, with zero grit. And for zero waste, the pasty leftover pulp can be used in other recipes for added nutrients. The device also makes infused oils, flavored waters and soups. And, importantly, cleanup is easy. Available in white and black. $400. For friends who prefer stronger beverages, the QelviQ personal sommelier uses “smart” technology to ensure wine is served at its ideal temperature. Unlike traditional wine refrigerators, this device doesn’t take up any floor space. It also doesn’t chill wine to just one or two temperatures based on its color. Instead — paired with the free QelviQ app — the tabletop chiller relies on a database of more than 350,000 wines to bring a bottle to its specific recommended serving temperature in as little as 20 minutes. It also suggests food-wine and wine-food pairings. Plus, the appliance serves as a great icebreaker to inspire dinnertime conversation. Available in Exciting Red, Dashing Black and Dreamy White. $495. Grilling food after dark — and ascertaining its doneness — can prove challenging without outdoor lighting, and it’s nearly impossible to cook while holding a flashlight. But as is often the case, the simplest of solutions can make the biggest of impacts: Uncommon Good’s 2-piece LED Grilling Tool Set puts illumination into the handles of its stainless-steel spatula and tongs. After use, the lights can be removed and the utensils run through the dishwasher. $40. 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The earnings results for Tilly's TLYS for Q3 were made public on Thursday, December 5, 2024 at 04:05 PM. Here's a comprehensive overview of the announcement. Earnings Tilly's missed estimated earnings by -34.0%, reporting an EPS of $-0.43 versus an estimate of $-0.32. Revenue was down $23.03 million from the same period last year. Historical Earnings Summary Last quarter the company beat on EPS by $0.09 which was followed by a 4.0% drop in the share price the next day. Here's a look at Tilly's's past performance: Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023 EPS Estimate -0.09 -0.47 -0.22 -0.07 EPS Actual 0 -0.48 -0.17 -0.03 Revenue Estimate 163.81M 115.16M 171.65M 167.98M Revenue Actual 162.87M 115.86M 173.02M 166.47M New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Guidance Tilly's management provided guidance for Q4 2024, expecting earnings between $-0.43 and $-0.32 per share. To track all earnings releases for Tilly's visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.CELH Investors Have Opportunity to Lead Celsius Holdings, Inc. Securities Fraud Lawsuit
NoneThe High Plains and Clearview library districts and the Loveland Public Library offer a variety of programs and activities for all ages. Here are some activities taking place at the respective locations through Dec. 6. To see a full list of events, go to mylibrary.us , clearviewlibrary.org and lovelandpubliclibrary.org . High Plains Library District Cards and Cocoa will take place from 2-4 p.m. Sunday at LINC. Walk Indoors will take place from 11-11:30 a.m. Monday at Carbon Valley Regional Library. Crafty Teens will take place from 5-6 p.m. Monday at LINC. Knit & Crochet will take place from 1-2 p.m. Tuesday at Farr Regional Library. Adult Book Club will meet from 5:30-6:30 p.m. Tuesday at Fort Lupton Public Library. Holiday Card Making will take place from 6-8 p.m. Tuesday at Carbon Valley Regional Library. Art Club will meet from 3:30-4:30 p.m. Wednesday at Kersey Library. DIY Gifts will take place from 4-5:15 p.m. Wednesday at Erie Community Library. Sketch Club will meet from 4-5 p.m. Wednesday at Carbon Valley Regional Library. Kids Craft will take place from 11 a.m.-noon Thursday at Eaton Public Library. Roaming Readers Walking Club will meet from 1-2 p.m. Thursday at Riverside Library. Paws to Read will take place from 6:30-7:30 p.m. Thursday at LINC. Afternoon Storytime will take place from 1-2 p.m. Friday at Grover Library. Beyond the Classroom will take place from 3-4 p.m. Friday at Centennial Park Library. Enchanted Masquerade will take place from 6-8 p.m. Friday at LINC. Clearview Library District Read, Rhyme, and Romp will take place from 10-10:30 a.m. Monday at Severance Library. Creation Station will take place from 3:15-4:15 p.m. Monday at Severance Library. The Bookmobile will stop from 3:30-4 p.m. Monday at Northern Lights Park, 550 Saratoga Way, Windsor. Homeschool Social Hour will take place from 1-2 p.m. Tuesday at Windsor Library. Lego Explorers will take place from 3:15-4:15 p.m. Tuesday at Severance Library. Lunch and Learn will take place from noon-1:30 p.m. Wednesday at Windsor Library. Family Bingo will take place from 4:30-5:30 p.m. Wednesday at Windsor Library. Paws for Reading will take place from 10-11 a.m. Friday at Windsor Library. Good Tidings and Sweet Bites will take place from 5-7 p.m. Friday at Windsor Library. Teen Video Gaming will take place from 5-7 p.m. Friday at Windsor Library. Loveland Public Library Dungeons and Dragons open play will take place from 4:30-5:45 p.m. Monday at Loveland Public Library. Windows Basics class will take place from 4-5:30 p.m. Tuesday at the library. Teen Advisory Board will meet from 4:45-5:30 p.m. Tuesday at the library. Wildlife Window with Kevin Cook will take place from 10:15-11:15 a.m. Wednesday at the library. Brickmasters will take place from 4-5 p.m. Wednesday at the library. Family Storytime will take place from 10:15-10:45 a.m. Thursday at the library. Digital Scrapbooking Tools will take place from 4-5:30 p.m. Thursday at the library. Teen Video Game Tournament will take place from 4:30-5:30 p.m. Thursday at the library.
Dec 27 (Reuters) - Tech and growth stocks dragged Wall Street's main indexes lower on Friday, at the end of an upbeat holiday-shortened week that was driven by expectations around a traditionally strong period for markets. The Dow Jones Industrial Average (.DJI) , opens new tab fell 0.82%, the S&P 500 (.SPX) , opens new tab was down 1.24% and the Nasdaq Composite (.IXIC) , opens new tab briefly fell more than 2% and was down 1.80%. Ten of the 11 major S&P sectors, including information technology (.SPLRCT) , opens new tab and consumer discretionary (.SPLRCD) , opens new tab fell the most, down about 2% and 1.9%, after powering most of the broader market's gains in 2024. COMMENTS: "I’ve heard anecdotes that pension funds are rebalancing ahead of year-end, selling stocks and buying bonds. Unfortunately, I can’t verify that, but it would explain the sudden sell-off on no news. And of course, if large funds are selling stocks en masse, the megacap tech stocks would bear the brunt because of their heavy weighting in major indices." "If nothing else, today is a reminder that just because a 'Santa Claus' rally is a statistical likelihood, it is far from guaranteed." “We’ve seen an attempt at a buy-the-dips rally smacked back, which seems to confirm that this is some selling or rebalancing underway by a big investor.” JAY WOODS, CHIEF GLOBAL STRATEGIST, FREEDOM CAPITAL MARKETS, NEW YORK "What people are doing is they're raising some cash. They're taking some profits right now as we go into the end of the year and getting ready for an opportunity if it presents itself in the beginning of next year. Tech, which has had a tremendous run, is starting to pull back. I think this is the beginning of a healthy correction that will get focused over the next four to eight weeks as we switch administrations." “Any kind of selling pressure sort of spirals a little bit out of control when you have a thinly traded market. And I think the selling pressure is really just people looking for direction.” “It’s not a lot of institutions. I think a lot of non-professionals are looking seeing the market’s direction and they just go with the flow. There’s concerns that maybe the first part of this year can involve some repositioning and reallocation of funds and those that are trading today and next week are probably just trying to get a little bit ahead of that.” “There’s uncertainty about the direction of interest rates and inflation, and the fact of all this is sort of coming together at one time. What is the Federal Reserve going to do in the first part of next year?” “And then there’s a new administration coming in with new policies and (there are uncertainties as to) what those policies will actually be, which policies will actually be implemented. There's a lot of talk about new and many changes, but what's really going to happen?” “And because of the big run that you've had in 2024, portfolios are not exactly positioned correctly for 2025 and I think a lot of people are expecting a lot of changes in the early part of the year.” “You're seeing some of that today and that will lead to more selling pressure because people just want to capture the gains before they go on into 2025.” PETER TUZ, PRESIDENT, CHASE INVESTMENT COUNSEL, CHARLOTTESVILLE, VIRGINIA “This is end of year stuff going on people have had a pretty good year, and it’s typical year-end selling pressure caused by people taking profits, not a lot of buyers out there and not a lot of volume.“ “(There’s) no reason to jump in and buy these things at these valuations, and tax planning is on peoples’ minds this week and will be on Monday and Tuesday. I don't attribute it to, you know, any changing outlook in anything right now.” “The Santa Claus rally is one of those historic statistics that bears watching, but because of the change in administration and the potential change in policy you're probably seeing more action now than you would ordinarily. There's the potential for a lot of disruption in 2025.” BRYCE DOTY, SENIOR PORTFOLIO MANAGER, SIT FIXED INCOME ADVISORS, MINNEAPOLIS "Today the market has really been reacting to the implications of taxes coming up. Tax positioning is overwhelming the other factors. But the more the Fed looks out of touch (with economic realities), the worse it is for equities...Tax trading will continue for the rest of the year." Sign up here. Compiled by the Global Finance & Markets Breaking News team Our Standards: The Thomson Reuters Trust Principles. , opens new tabCanucks visit the Red Wings after shootout winROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Unisys Corporation Investors to Inquire About Securities Class Action Investigation - UIS
MONCTON, New Brunswick, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, today reported results for the second quarter of fiscal 2025, ended October 31, 2024. Quarterly Highlights: Revenue of $189.3 million, in line with the $190.0 million generated in fiscal Q1, but down 8.6% from $207.0 million in the same period last year. Adjusted gross margin (1) of 30.5%, consistent with the 31.0% achieved in the same period last year as the Company remained focused on higher-margin specialized drilling. EBITDA (1) of $38.7 million, down from $43.6 million in the same period last year. Net earnings of $18.2 million (or $0.22 per share), down from $23.7 million (or $0.29 per share) in the same period last year. Net cash (1) increased by $23.5 million to $100.4 million, enabling the Company to react to potential growth opportunities. Subsequent to quarter end, completed the acquisition of Explomin, a leading specialty drilling contractor based in Lima, Peru, for an up-front cash payment of US$63 million (approximately C$88 million). “For Q2 of fiscal 2025, Major Drilling’s globally diversified operations and reputation as the driller-of-choice enabled us to maintain our revenue run rate relative to fiscal Q1, despite challenging conditions in certain markets,” commented Mr. Denis Larocque, President & CEO of Major Drilling. “We were pleased once again by our Australasian and Chilean operations, which continue to offset lower activity levels in North America, primarily driven by lower junior exploration expenditures.” “The Company delivered solid financial results for the quarter, supported by an adjusted gross margin of 30.5%. This represented an increase from 28.9% in fiscal Q1 and is in line with the 31.0% achieved over the same period last year as the Company remains focused on profitable operations and our best-in-class specialized drilling services,” commented Ian Ross, CFO of Major Drilling. “As previously disclosed, our 2021 McKay acquisition successfully met all of the EBITDA milestones in the earnout period, with the final contingent payment of $9.1 million made during the quarter. We also continue to modernize our drill fleet, having spent $20.1 million in capex, which includes the addition of 5 new drills and support equipment, while disposing of 4 older, less efficient rigs, bringing Major Drilling’s total fleet to 610 drills. Given another strong operational performance, our net cash position increased to $100.4 million at quarter end, while we continue to retain an industry leading balance sheet, enabling the acquisition of Explomin in early fiscal Q3,” concluded Mr. Ross. “With McKay continuing to demonstrate strong results in Australasia since its acquisition in 2021, our focus now turns to the integration of Explomin – a leading South American driller with operations in Peru, Colombia, the Dominican Republic and Spain. I am excited to welcome Explomin and its employees to the Major Drilling team. Their long-standing reputation, strong base of senior mining customers, and focus on specialized drilling, with its well-maintained fleet of rigs, complement our existing operations and offer further potential growth opportunities in South America,” said Mr. Larocque. “As Peru has been on our radar for quite some time given its status as the second largest copper producer, Explomin solidifies our South American presence, supplementing our existing operations in Brazil, Chile, Argentina, and throughout the Guyana Shield.” “Looking ahead to our seasonally slower third quarter of fiscal 2025, we are expecting programs in North America to pause for the holiday period slightly earlier than in prior years, although this is expected to be partially offset by ongoing strength in Australia and Chile. While we will be adding revenue from the Explomin operations, we expect them to have the same usual seasonality as the rest of our South American operations. Demand from senior customers for calendar 2025 is expected to remain robust, while we are optimistic regarding the activity levels of juniors following a slight increase in financing activity. The combination of elevated commodity prices, translating to increased free cash flow generation for mining companies, coupled with depleted reserve bases, should lead to increases in demand for drilling services over the years to come.” “Our well-maintained fleet ensures that we retain utilization capacity which, combined with our optimal inventory levels and experienced crews, puts us in an excellent position to capitalize on these increased levels of demand for our drilling services. Our core strategy is to remain the leader in specialized drilling as new discoveries are made in increasingly challenging and remote locations. Our solid foundation, supplemented by ongoing technological innovation, puts us in an ideal position to take on these new and exciting challenges." “I’m extremely proud to announce that our Canadian team was recently awarded the Safe Day Every Day Gold Award by the Association for Mineral Exploration, Prospectors & Developers Association of Canada, and Canadian Diamond Drilling Association. Our Canadian team achieved over 1,146,000 hours without a lost time injury, an achievement that demonstrates our ongoing dedication to maintaining high safety standards across all projects around the world,” concluded Mr. Larocque. Finally, Major Drilling announces the resignation of Mr. Robert Krcmarov from the Board of Directors effective December 5, 2024, to focus on his new role as Chief Executive Officer of Hecla Mining Company. Kim Keating, Chair of the Board, commented: “On behalf of the Board and the leadership team at Major Drilling, I would like to congratulate Rob on this appointment, and thank him for his significant contributions during his tenure on the Board. Rob’s experience and insights were of great benefit to Major Drilling’s Board and leadership team. He was instrumental in the development of Major Drilling’s Decarbonization Action Plan and in strengthening the Company’s health and safety program, as well as his timely advice regarding the most recent acquisition of Explomin Perforaciones earlier this month. We thank Rob for his invaluable advice and wish him all the best in his new role leading Hecla Mining Company.” Second Quarter Ended October 31, 2024 Total revenue for the quarter was $189.3 million, down 8.6% from revenue of $207.0 million recorded in the same quarter last year. The foreign exchange translation impact on revenue and earnings, when comparing to the effective rates for the previous year, was minimal. Revenue for the quarter from Canada - U.S. drilling operations decreased by 20.0% to $85.4 million, compared to the same period last year. While senior and intermediate activity levels increased slightly, this only partially offset the decline in demand from juniors relative to the same period last year as they continued to face challenging financing opportunities. South and Central American revenue decreased by 6.5% to $49.1 million for the quarter, compared to the same quarter last year. While operations in Chile remain robust, this was offset by slowdowns in other parts of the region. Australasian and African revenue increased by 14.4% to $54.7 million, compared to the same period last year as demand for specialized drilling services in Australia and Mongolia continue to drive growth in the region. Gross margin percentage for the quarter was 23.4%, compared to 25.3% for the same period last year. Depreciation expense totaling $13.4 million is included in direct costs for the current quarter, versus $11.8 million in the same quarter last year. Adjusted gross margin, which excludes depreciation expense, was 30.5% for the quarter, compared to 31.0% for the same period last year. Adjusted gross margin remained relatively unchanged as the Company remains disciplined with respect to pricing. General and administrative costs were $18.4 million, an increase of $0.8 million compared to the same quarter last year. This increase primarily relates to inflationary wage adjustments. Other expenses were $2.5 million, down from $3.2 million in the same quarter last year due primarily to lower incentive compensation expenses given the decreased profitability. Foreign exchange gain was $0.5 million, compared to a loss of $0.9 million for the same quarter last year. While the Company's reporting currency is the Canadian dollar, various jurisdictions have net monetary assets or liabilities exposed to various other currencies. The income tax provision for the quarter was an expense of $6.5 million, compared to an expense of $7.4 million for the prior year period. The decrease from the prior year was driven by reduced profitability. Net earnings were $18.2 million or $0.22 per share ($0.22 per share diluted) for the quarter, compared to net earnings of $23.7 million or $0.29 per share ($0.29 per share diluted) for the prior year quarter. Non-IFRS Financial Measures The Company’s financial data has been prepared in accordance with IFRS, with the exception of certain financial measures detailed below. The measures below have been used consistently by the Company’s management team in assessing operational performance on both segmented and consolidated levels, and in assessing the Company’s financial strength. The Company believes these non-IFRS financial measures are key, for both management and investors, in evaluating performance at a consolidated level and are commonly reported and widely used by investors and lending institutions as indicators of a company’s operating performance and ability to incur and service debt, and as a valuation metric. These measures do not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to other financial measures determined in accordance with IFRS. EBITDA - earnings before interest, taxes, depreciation, and amortization: Adjusted gross profit/margin - excludes depreciation expense: Net cash – cash net of debt, excluding lease liabilities reported under IFRS 16 Leases: Forward-Looking Statements This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. All statements, other than statements of historical facts, included in this news release that address future events, developments, or performance that the Company expects to occur (including management’s expectations regarding the Company’s objectives, strategies, financial condition, results of operations, cash flows and businesses) are forward-looking statements. Forward-looking statements are typically identified by future or conditional verbs such as “outlook”, “believe”, “anticipate”, “estimate”, “project”, “expect”, “intend”, “plan”, and terms and expressions of similar import. All forward-looking information in this news release is qualified by this cautionary note. Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management related to the factors set forth below. While these factors and assumptions are considered reasonable by the Company as at the date of this document in light of management’s experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such forward-looking statements are subject to a number of risks and uncertainties that include, but are not limited to: the level of activity in the mining industry and the demand for the Company’s services; competitive pressures; global and local political and economic environments and conditions; the level of funding for the Company’s clients (particularly for junior mining companies); the Company’s dependence on key customers; the integration of business acquisitions and the realization of the intended benefits of such acquisitions; efficient management of the Company’s growth; exposure to currency movements (which can affect the Company’s revenue in Canadian dollars); currency restrictions; safety of the Company’s workforce; risks and uncertainties relating to climate change and natural disaster; the geographic distribution of the Company’s operations; the impact of operational changes; changes in jurisdictions in which the Company operates (including changes in regulation); failure by counterparties to fulfill contractual obligations; disease outbreak; as well as other risk factors described under “General Risks and Uncertainties” in the Company’s MD&A for the year ended April 30, 2024, available on the SEDAR+ website at www.sedarplus.ca . Should one or more risk, uncertainty, contingency, or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Forward-looking statements made in this document are made as of the date of this document and the Company disclaims any intention and assumes no obligation to update any forward-looking statement, even if new information becomes available, as a result of future events, or for any other reasons, except as required by applicable securities laws. About Major Drilling Major Drilling Group International Inc. is the world’s leading provider of specialized drilling services primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team. The Company maintains field operations and offices in North America, South America, Australia, Asia, Africa, and Europe. Major Drilling provides a complete suite of drilling services including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drillside solutions. Webcast/Conference Call Major Drilling Group International Inc. will provide a simultaneous webcast and conference call to discuss its quarterly results on Friday, December 6, 2024 at 8:00 AM (EST). To access the webcast, which includes a slide presentation, please go to the investors/webcasts section of Major Drilling’s website at www.majordrilling.com and click on the link. Please note that this is listen-only mode. To participate in the conference call, please dial 416-340-2217, participant passcode 4769038# and ask for Major Drilling’s Second Quarter Results Conference Call. To ensure your participation, please call in approximately five minutes prior to the scheduled start of the call. For those unable to participate, a taped rebroadcast will be available approximately one hour after the completion of the call until Monday, January 6, 2025. To access the rebroadcast, dial 905-694-9451 and enter the passcode 1708283#. The webcast will also be archived for one year and can be accessed on the Major Drilling website at www.majordrilling.com. For further information: Ryan Hanley Director, Corporate Development & Investor Relations Tel: (506) 857-8636 Fax: (506) 857-9211 ir@majordrilling.com MAJOR DRILLING GROUP INTERNATIONAL INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED OCTOBER 31, 2024 AND 2023 (UNAUDITED) (in thousands of Canadian dollars, except per share information) 1. NATURE OF ACTIVITIES Major Drilling Group International Inc. (the “Company”) is incorporated under the Canada Business Corporations Act and has its head office at 111 St. George Street, Moncton, NB, Canada. The Company’s common shares are listed on the Toronto Stock Exchange (“TSX”). The principal source of revenue consists of contract drilling for companies primarily involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. 2. BASIS OF PRESENTATION Statement of compliance These Interim Condensed Consolidated Financial Statements have been prepared in accordance with IAS 34 Interim Financial Reporting (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”) and using the accounting policies as outlined in the Company’s annual Consolidated Financial Statements for the year ended April 30, 2024. On December 5, 2024, the Board of Directors authorized the financial statements for issue. Basis of consolidation These Interim Condensed Consolidated Financial Statements incorporate the financial statements of the Company and entities controlled by the Company. Control is achieved when the Company is exposed or has rights to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The results of subsidiaries acquired or disposed of during the period are included in the Consolidated Statements of Operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. Intercompany transactions, balances, income and expenses are eliminated on consolidation, where appropriate. Basis of preparation These Interim Condensed Consolidated Financial Statements have been prepared based on the historical cost basis, except for certain financial instruments that are measured at fair value, using the same accounting policies and methods of computation, with the exception of those detailed in note 4 below, as presented in the Company’s annual Consolidated Financial Statements for the year ended April 30, 2024. 3. APPLICATION OF NEW AND REVISED IFRS ® ACCOUNTING STANDARDS The Company has not applied the following IASB standard amendment and standard that have been issued, but are not yet effective: IAS 21 (as amended in 2023) - The Effect of Changes in Foreign Exchange Rates - effective for periods beginning on or after January 1, 2025, with earlier application permitted. The amendments contain guidance to specify when a currency is exchangeable and how to determine the exchange rate when it is not. IFRS 18 (as issued in 2024) - Presentation and Disclosure of Financial Statements - effective for periods beginning on or after January 1, 2027, with earlier application permitted. The standard replaces IAS 1, Presentation of Financial Statements, and includes requirements for the presentation and disclosure of information in financial statements. The Company is currently in the process of assessing the impact the adoption of the above amendment and standard will have on the Consolidated Financial Statements. 4. MATERIAL ACCOUNTING POLICIES With the exception of the policy detailed below, all accounting policies and methods of computation remain the same as those presented in the Company's annual Consolidation Financial Statements for the year ended April 30, 2024. Investment in associate Associates are companies that the Company has significant influence over and are accounted for under the equity method. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but is not control or joint control over those policies. Significant influence is presumed when the Company has an ownership interest greater than 20%, unless certain qualitative factors overcome this assumption. In assessing significant influence and the ownership interest, potential voting or other rights that are currently exercisable are taken into consideration. Investments in associates are accounted for using the equity method and are initially recognized at cost, inclusive of transaction costs. The Interim Condensed Consolidated Financial Statements include the Company's share of the income or loss and equity movement of equity accounted associates. The Company does not recognize losses exceeding the carrying value of its interest in the associate. 5. KEY SOURCES OF ESTIMATION UNCERTAINTY AND CRITICAL ACCOUNTING JUDGMENTS The preparation of financial statements, in conformity with IFRS, requires management to make judgments, estimates and assumptions that are not readily apparent from other sources, which affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. Significant areas requiring the use of management estimates relate to the useful lives of property, plant and equipment for depreciation purposes, inventory valuation, determination of income and other taxes, recoverability of deferred income tax assets, assumptions used in compilation of share-based payments, provisions, contingent considerations, impairment testing of goodwill and intangible assets and long-lived assets. The Company applied judgment in determining the functional currency of the Company and its subsidiaries, the determination of cash-generating units (“CGUs”), the degree of componentization of property, plant and equipment, the recognition of provisions, the determination of the probability that deferred income tax assets will be realized from future taxable earnings, and the determination of whether the Company exerts significant influence with respect to its investment in associate under the equity accounting method. 6. SEASONALITY OF OPERATIONS The third quarter (November to January) is normally the Company’s weakest quarter due to the shutdown of mining and exploration activities, often for extended periods over the holiday season. 7. PROPERTY, PLANT AND EQUIPMENT Capital expenditures for the three and six months ended October 31, 2024 were $20,073 (2023 - $17,443) and $41,324 (2023 - $33,717). The Company did not obtain direct financing for the three and six months ended October 31, 2024 or 2023. 8. INVESTMENT IN ASSOCIATE On July 22, 2024, the Company purchased shares in DGI Geoscience Inc. (“DGI”) for $15,000 in cash consideration, a 39.8% equity interest (that provides the Company with 42.3% of the voting rights). DGI and its subsidiaries are privately held entities, headquartered in Canada, focused on downhole survey and imaging services as well as using artificial intelligence for logging scanned rock samples. In addition to the equity interest, Major Drilling's representation on the DGI Board of Directors gives the Company significant influence over DGI. While there are special approval rights granted to the Company as part of the investment, these are more protective in nature and therefore, would not result in control, or joint control of DGI. As a result, the Company concluded that the equity method of accounting is appropriate for its investment in DGI. During the prior quarter, the Company incurred costs of $205 for this investment, relating to external legal fees and due diligence costs. These amounts have been recorded as part of the cost of the investment in associate in the Interim Condensed Consolidated Balance Sheets. In the current quarter, the Company's earnings from investment in associate is $27. 9. SHARE BUYBACK During the prior year, for the three and six months ended October 31, 2023, the Company repurchased 875,268 and 1,020,568 common shares, respectively, at an average price of $8.31 and $8.40, respectively, under its Normal Course Issuer Bid. 10. EXPENSES BY NATURE Direct costs by nature are as follows: General and administrative expenses by nature are as follows: 11. INCOME TAXES The income tax provision for the periods can be reconciled to accounting earnings before income tax as follows: The Company periodically assesses its liabilities and contingencies for all tax years open to audit based upon the latest information available. For those matters where it is probable that an adjustment will be made, the Company records its best estimate of these tax liabilities, including related interest charges. Inherent uncertainties exist in estimates of tax contingencies due to changes in tax laws. While management believes they have adequately provided for the probable outcome of these matters, future results may include favourable or unfavourable adjustments to these estimated tax liabilities in the period the assessments are made, or resolved, or when the statutes of limitations lapse. 12. EARNINGS PER SHARE All of the Company’s earnings are attributable to common shares, therefore, net earnings are used in determining earnings per share. The calculation of diluted earnings per share for the three and six months ended October 31, 2024 excludes the effect of 200,000 options for both periods (2023 - 297,000 and 205,000, respectively) as they were not in-the-money. The total number of shares outstanding on October 31, 2024 was 81,842,086 (2023 - 82,093,486). 13. SEGMENTED INFORMATION The Company’s operations are divided into the following three geographic segments, corresponding to its management structure: Canada - U.S.; South and Central America; and Australasia and Africa. The services provided in each of the reportable segments are essentially the same. The accounting policies of the segments are the same as those described in the Company’s annual Consolidated Financial Statements for the year ended April 30, 2024. Management evaluates performance based on earnings from operations in these three geographic segments before finance costs, general corporate expenses and income taxes. Data relating to each of the Company’s reportable segments is presented as follows: *Canada - U.S. includes revenue of $25,695 and $34,074 for Canadian operations for the three months ended October 31, 2024 and 2023, respectively and $57,543 and $70,762 for the six months ended October 31, 2024 and 2023, respectively. **General and corporate expenses include expenses for corporate offices and stock-based compensation. *Canada - U.S. includes property, plant and equipment as at October 31, 2024 of $64,041 (April 30, 2024 - $62,991) for Canadian operations. 14. FINANCIAL INSTRUMENTS Fair value The carrying values of cash, trade and other receivables, demand credit facilities and trade and other payables approximate their fair value due to the relatively short period to maturity of the instruments. The carrying value of contingent consideration and long-term debt approximates their fair value as the interest applicable is reflective of fair market rates. Financial assets and liabilities measured at fair value are classified and disclosed in one of the following categories: Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 - inputs other than quoted prices included in level 1 that are observable for the assets or liabilities, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and Level 3 - inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The Company enters into certain derivative financial instruments to manage its exposure to market risks, comprised of share-price forward contracts with a combined notional amount of $8,654, maturing at varying dates through June 2027. The fair value hierarchy requires the use of observable market inputs whenever such inputs exist. A financial instrument is classified to the lowest level of the hierarchy for which a significant input has been considered in measuring fair value. The Company’s derivatives, with fair values as follows, are classified as level 2 financial instruments and recorded in trade and other receivables (payables) in the Interim Condensed Consolidated Balance Sheets. There were no transfers of amounts between level 1, level 2 and level 3 financial instruments for the three and six months ended October 31, 2024. Credit risk As at October 31, 2024, 96.1% (April 30, 2024 - 95.9%) of the Company’s trade receivables were aged as current and 3.5% (April 30, 2024 - 3.5%) of the trade receivables were impaired. The movements in the allowance for impairment of trade receivables during the periods were as follows: Foreign currency risk As at October 31, 2024, the most significant carrying amounts of net monetary assets and/or liabilities (which may include intercompany balances with other subsidiaries) that: (i) are denominated in currencies other than the functional currency of the respective Company subsidiary; and (ii) cause foreign exchange rate exposure, including the impact on earnings before income taxes (“EBIT”), if the corresponding rate changes by 10%, are as follows (in $000s CAD): Liquidity risk The following table details contractual maturities for the Company’s financial liabilities: 15. SUBSEQUENT EVENT On November 5, 2024, the Company completed the purchase of all of the issued and outstanding shares of Explomin Perforaciones ("Explomin"), a leading specialty drilling contractor based in Lima, Peru. This acquisition provides Major Drilling with increased exposure to the copper market as Explomin is one of the largest South American drilling contractors, with the majority of their operations in Peru, while also servicing markets in Colombia, Dominican Republic, and Spain. The purchase price for the acquisition is valued at an amount up to US$85 million, consisting of: (i) a cash payment of US$63 million payable on closing, subject to working capital adjustments; and (ii) an earnout of up to US$22 million payable in cash over the next three years, based on the achievement of certain milestones. The cash portion of the purchase price has been funded from Major Drilling’s cash and existing debt facilities.Who is Andrew Ferguson? Donald Trump taps commissioner to lead consumer protection agency
Advisors Asset Management Inc. decreased its position in Global-E Online Ltd. ( NASDAQ:GLBE – Free Report ) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,501 shares of the company’s stock after selling 285 shares during the quarter. Advisors Asset Management Inc.’s holdings in Global-E Online were worth $96,000 as of its most recent SEC filing. A number of other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Global-E Online by 15.2% in the first quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company’s stock valued at $215,000 after buying an additional 780 shares in the last quarter. American International Group Inc. grew its position in Global-E Online by 3.2% in the 1st quarter. American International Group Inc. now owns 15,619 shares of the company’s stock valued at $568,000 after acquiring an additional 484 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Global-E Online by 28.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,985 shares of the company’s stock worth $654,000 after purchasing an additional 3,985 shares during the period. California State Teachers Retirement System lifted its position in shares of Global-E Online by 12.4% during the first quarter. California State Teachers Retirement System now owns 127,869 shares of the company’s stock worth $4,648,000 after purchasing an additional 14,139 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Global-E Online by 18.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after purchasing an additional 624 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets Several brokerages recently weighed in on GLBE. Piper Sandler reaffirmed an “overweight” rating and set a $63.00 target price (up from $44.00) on shares of Global-E Online in a research note on Thursday, November 21st. Benchmark upped their price objective on Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company increased their price objective on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. KeyCorp boosted their target price on Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Raymond James increased their price target on Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.33. Global-E Online Stock Performance GLBE opened at $52.28 on Friday. Global-E Online Ltd. has a one year low of $28.11 and a one year high of $52.75. The company has a market cap of $8.59 billion, a P/E ratio of -90.14 and a beta of 1.10. The business’s 50-day simple moving average is $40.31 and its 200-day simple moving average is $35.83. Global-E Online Profile ( Free Report ) Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. See Also Want to see what other hedge funds are holding GLBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global-E Online Ltd. ( NASDAQ:GLBE – Free Report ). Receive News & Ratings for Global-E Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-E Online and related companies with MarketBeat.com's FREE daily email newsletter .Gail Slater, a native of Dalkey in Dublin, is US President-elect Donald Trump's choice to become the next Assistant Attorney General for the Antitrust Division at the US Department of Justice. Trump, who beat Democratic nominee Kamala Harris in the US Presidential election on November 5, announced Slater as his pick in a statement on his Truth Social platform on Wednesday, December 4. "I am pleased to nominate Gail Slater as Assistant Attorney General for the Antitrust Division at the Department of Justice," Trump said in the post. "Big Tech has run wild for years, stifling competition in our most innovative sector and, as we all know, using its market power to crack down on the rights of so many Americans, as well as those of Little Tech! "I was proud to fight these abuses in my First Term, and our Department of Justice's antitrust team will continue that work under Gail's leadership. "Gail previously served at the FTC, in my National Economic Council and, most recently, advising Vice President-Elect JD Vance in his Senate office. "Gail has also worked in the private sector, in Media at FOX, and in the Tech sector at Roku. "In her new role, Gail will help ensure that our competition laws are enforced, both vigorously and FAIRLY, with clear rules that facilitate, rather than stifle, the ingenuity of our greatest companies. "Congratulations Gail - Together, we will Make America Competitive Again!" Slater will be need to confirmed by the US Senate to officially take up the role. Sign up to IrishCentral's newsletter to stay up-to-date with everything Irish! Abigail 'Gail' Slater, nee Conlon, graduated from the Loreto Abbey in Dublin in 1989 and continued her education at University College Dublin and Oxford University. The Irish woman began her career in London with the law firm Freshfields Bruckhaus Deringer, which often sent her on trips to the US where she eventually met her now-husband Lindsay Slater. The Irish woman made the move to the US in 2003 and she and Lindsay got married in Dublin in 2004. She now holds dual Irish - US citizenship. After moving to the US, Slater took up a role with the Federal Trade Commission, where she worked through August 2014. In September 2014, Slater began her role as general counsel at the Internet Association. Slater made her White House debut in February 2018 when she became the Special Assistant to The President for Technology, Telecommunications & Cyber Security Policy. She is believed to have been the only Irish-born member of staff in the first Trump White House. During her tenure in the White House, Slater received the Leadership in Government Award at The Ireland Funds National Gala in Washington, DC in March 2019. Accepting her award, she expressed her gratitude to Irish Americans: "When I was growing up in Ireland, the Irish Americans seemed always to be there for us from afar. To us, you were a cross between a big brother and a guardian angel." In April 2019, Slater exited the White House to take up the role of Senior Vice President For Policy and Strategy at Fox Corporation. In February 2022, Slater was named Vice President at Roku Inc. Two years later, she was selected to be an economic policy advisor for Senator JD Vance, who is now the Vice President-elect. The Business Post reported in 2019 that Slater had previously said of Trump: “I’ve always appreciated how decisive he is. "Like any chief executive, you want someone who will make a decision, [and] he will make a decision. “The other thing I really appreciate – and this is something I don’t think everyone else gets— is that he wants to know what everyone in the room thinks.”Health Insurer Scraps Widely Hated Plan to Cap Anesthesia Coverage
Donald Trump is returning to the world stage. So is his trolling