Sprott Focus Trust Stock News

Einhorn Warns Market Is Underestimating Risks Of Runaway Inflation Despite being better known to younger investors for his bearish bets on Tesla, Greenlight Capital''s David Einhorn remains a hero to value investors, an investing theme that''s coming back into vogue following the most recent tech wreck and the twilight of the ZIRP environment. Most famous for shorting Lehman brothers just before its collapse, Einhorn shared some insights into his current market outlook during a recent RealVision interview with Larry McDonald, author of the Bear Traps report. After a decade-long bull run fueled by rock-bottom interest rates, Einhorn believes the market is already one year removed from its peak, and that investors will need to reasses the landscape of opportunities among both financial assets and hard assets. Einhorn started off by discussing his early days working in banking, and then in the nascent hedge fund industry of the early 1990s. One attitude he says he remembers clearly from those days is that portfolio managers were seemingly always rewarded for doubling down on losing bets.

Zoomo, an Australian startup that builds utility e-bikes for delivery workers, has raised an additional $20 million in equity to close out its Series B round. In November, the

Robbie Cowbury from the Migrant Destitution Fund says grants to destitute migrants in Greater Manchester have been hugely beneficial. Plus a letter by Rachel Marks Gaby Hinsliff ( Universal basic income can be the worst of all worlds but free money schemes do work, 18 February ) hit the nail on the head in her discussion of free money schemes, in particular the impact of cash on cognition and mental health. Having now distributed well over 1,000 such grants since 2020 to destitute migrants with no recourse to public funds in Greater Manchester, we have seen exactly those results. For the people we support, it can help clear their heads and provide just enough choice to achieve longer-term resolutions to their situations. For the people accessing our fund, Hinsliffs point about the basic income part of universal basic income is even more on point. Migrants have been blocked from access to any income whatsoever by ongoing hostile policies, so simply allowing them access to the welfare state would be a huge leap forward for social and humanitarian justice.

Blackstone Inc. with ticker code (BX) have now 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 190 and 110 calculating the average target price we see 150.5. With the stocks previous close at 122.63 this is indicating there is a potential upside of 22.7%. There is a 50 day moving average of 124.49 and the 200 moving average now moves to 118.34. The company has a market cap of $88,053m. Visit the company website at: https://www.blackstone.com [stock_market_widget type="chart" template="basic" color="green" assets=BX" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $108,065m based on the market concensus. Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

Avista Corporation found using ticker (AVA) now have 4 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 52 and 35 with the average target price sitting at 42. Now with the previous closing price of 42.79 this now indicates there is a potential downside of -1.8%. The 50 day moving average now sits at 42.82 and the 200 moving average now moves to 42.25. The market capitalisation for the company is $3,018m. Company Website: https://investor.avistacorp.com [stock_market_widget type="chart" template="basic" color="green" assets=AVA" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,962m based on the market concensus. Avista Corporation operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.

The much-awaited LIC initial public offering (IPO) is just a few days away. Now here is one number that gives one an idea on the size of this upcoming issue. 2021 saw record IPO fund raising of about Rs 1.2 lakh crore. The amount of money LIC alone is likely to raise could be almost half of this figure. After listing, LIC will become the third largest stock in terms of market cap after Reliance Industries and Tata Consultancy Services (TCS).

Curis was downgraded by StockNews.com from a hold rating to a sell rating in a research note issued to investors on Saturday. Separately, Zacks Investment Research

Stellus Capital Investment Corp found using ticker (SCM) now have 5 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 15.5 and 14.5 with a mean TP of 14.9. Given that the stocks previous close was at 13.71 this would imply there is a potential upside of 8.7%. There is a 50 day moving average of 13.35 and the 200 day moving average is 13.3. The market cap for the company is $269m. Visit the company website at: https://www.stelluscapital.com/public-investors/investment-corp/ [stock_market_widget type="chart" template="basic" color="green" assets=SCM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $292m based on the market concensus. Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment.

The Government of Canada through its Black Entrepreneurship Programs National Ecosystem Fund has recently announced a $2.8 million funding to the Canadian Imperial Advantage (CIA) for the Black Business Advancement Project. The aim of the fund is to strengthen the entrepreneurship ecosystem and provide business training for Black business owners within Western Canada. During the launch of the project fund, Bola Badmus, the project director for the Black Business Advancement said through the National Ecosystem Fund, the CIA will build a truly-supportive business ecosystem that helps black businesses transition smoothly from the impact of the COVID-19 pandemic and incubate new businesses through the value chain from ideation to inclined profitability. Similarly, Popoola Akande, the president of CIA noted that access to capital is a key factor for most businesses, especially SMEs, so they have made it their core offering to support the business network with credit advisory services. There are opportunities out there, change the way you think about business, think big and lets do it, Akande added.

(Reuters) – Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has already started marketing the fund and may exceed the target, according to the report, which cited a person familiar with the matter. A company spokesperson declined to comment. Brookfield … Read More

© Reuters. (Refiling to add dropped words utility-scale before wind farm, paragraph 5) By Isla Binnie and Emma Rumney JOHANNESBURG (Reuters) South African miner Exxaro and Chinese state fund CNIC are among potential buyers admitted to the final round of bidding for African renewable energy firm Lekela Power a company worth around $2

Leave it to Elon Musk to stir up controversy without saying - or tweeting - a word. In November, according to a regulatory filling, the Tesla CEO donated to charity about 5…

For many restructured loan accounts like FRL, banks are in control of fund movement and there is continuous assessment of financial position

By Isla Binnie and Emma Rumney JOHANNESBURG (Reuters) – South African miner Exxaro and Chinese state fund CNIC are among potential buyers admitted to the final round of bidding for African renewable energy firm Lekela Power – a company worth around $2 billion, a number of sources familiar with the deal told Reuters.

Morning Wood: Hours After ARK Founder Says Innovation Stocks Are "Deep Value", Two Major Holdings Plunge For those that missed it on Thursday, Cathie Wood spent the better part of an hour on CNBC''s Halftime Report, defending her stock picking style and running through a rolodex of financial-speak to try and justify what has been an ugly drawdown, now over 50%, for her flagship ARKK fund. “We do believe innovation is in the bargain basement territory. … Our technology stocks are way undervalued relative to their potential. ... Give us five years, we’re running a deep value portfolio,” Wood said on CNBC Thursday . “Our biggest concern is that our investors turn what we believe are temporary losses into permanent losses,” she continued. It was just hours after her appearance where she claimed that her stocks were not in bubbles that Roku, one of Wood''s holdings in several funds, was plummeting 25% on an earnings report that failed to get the rest of the market as excited as Wood clearly is about the name.