Sonic Automotive Inc. (NYSE: SAH) currently trades at consensus forward FY 2021 and 2022 normalized P/E multiple of 9.7X and 8.9X, respectively. Chip shortage will not negatively impact Sonic Automotive’s revenue and earnings. Despite the current semiconductor chip shortage that is likely to run until 2022, Sonic Automotive is unlikely to be impacted that much. Already major automobile OEMs have guided for lower production and revenue for 2021. Still, Sonic’s…
Autoliv Inc. (NYSE: ALV) Releases Q1 2021 Results and Announces Plans to Build New Steering Wheel Factory
Autoliv Inc. (NYSE: ALV) has released its Q1 2021 results in which it reported net sales of $2.242 million with 17.9% organic sales growth. Autoliv reports a strong Q1 2021 with a 17.9% growth in organic sales. The solid organic growth was boosted by exceptional performance across all regions. The 17.9% growth in organic sales outperformed global LVP by over 4pp despite the hostile geographical mix impacts with LVP growing…
RenaissanceRe Holdings Ltd. (NYSE: RNR) Prices Underwritten Public Offering for 20 Million Depositary Share
RenaissanceRe Holdings Ltd. (NYSE: RNR) has announced an agreement to sell 20 million depositary shares in an underwritten public offering. Each share represents 1/1000th interest per share of the 4.2% Series G Preference shares, $1 par value, and liquidation preference of $25,000 per share. RenaissanceRe expects $500 million from offering The public offering price per Depositary Share is $25, with the company expecting a total public offering price of $500…
AptarGroup Inc. (NYSE: ATR) Signs Strategic Collaboration Agreement With YAT On Skincare Products
AptarGroup Inc. (NYSE: ATR) and YAT have entered a strategic partnership to develop an innovative variety of skincare products and services. The consumer product dispensing, drug delivery, and active science material will collaborate with YAT, which is a science-driven skincare solutions provider, to bring products into the skincare market. Aptar partners with YAT YAT will combine its unique product design, concept development, and consumer-centric abilities with Aptar’s innovative dispensing and…
PAR Technology Corporation’s (NYSE: PAR) Subsidiary, ParTech, Integrates OneDataSource to Brink POS Integration Ecosystem
PAR Technology Corporation’s (NYSE: PAR) wholly-owned subsidiary ParTech Inc. has announced expanding its Brink POS integration ecosystem by adding OneDataSource. OneDataSource a single data access and analytics platform OneDataSource is a multi-unit and multi-brand business analytics platform for operators with 15 or more locations. With their solutions, operators see data for every outlet in their network, including across brands. The data platform has been assisting restaurants with automatic access, essential…
Auxly Cannabis Group Inc (OTCMKTS: CBWTF) Reinforces its Financial Position With the Execution of Modifications to the Agreement with Imperial Brands PLC (OTCMKTS: IMBBF)
Auxly Cannabis Group Inc (OTCMKTS: CBWTF) announced the execution of revisions to specific stipulations of its formerly distributed $123 million debenture and investor rights agreement dated September 25, 2019, with its strategic partner, Imperial Brands PLC (OTCMKTS: IMBBF). Auxly Cannabis sells its stake 2368523 Ontario Limited to private Buyer In other news, Auxly Cannabis has announced that it has completed the sale of its stake in 2368523 Ontario Limited to…
NEO Battery Materials Ltd (OTCMKTS: NBMFF) Delivers Silicon Terminal Example Update
NEO Battery Materials Ltd (OTCMKTS: NBMFF) has announced that with the fruitful incorporation of NEO’s silicon (Si) know-how in commercial graphite terminals, the company is on track to mature its first model of the silicon terminal material. “We are presently in the practice of deliberately placing NEO on an augmented route to commercialization,” commented Spencer Huh, President and CEO of NEO. NEO to offer graphite/Si combination terminal materials In stage one, NEO will offer…
St-Georges Eco-Mining Corp (OTCMKTS: SXOOF) to Get Listed on OTC Markets
The COO and Director of St-Georges Eco-Mining Corp (OTCMKTS: SXOOF) has stated that the company is on the last vestiges of getting listed on OTC Markets. He revealed this while appearing on The Stock Day Podcast. Viability Study to bring Interesting Results Speaking on the viability study conducted, Dumas states, “we expect that the study will bring us very interesting results and the results we achieve will be before the…
WINNERS Ord Shs (OTCMKTS: WNRS) Signs Associate Agreements with Qualified Sports Gambling Operators
WINNERS Ord Shs (OTCMKTS: WNRS) subsidiary VegasWINNERS Inc. signed Associate Agreements with Qualified Sports Gambling Operators. The agreement allows the company to refer Clients in the States of Nevada, Illinois, and Iowa for commission Due to the associate agreements in hand with qualified sportsbooks, the company can now transfer clients in Nevada, Illinois, and Iowa for commission. Along with Colorado, Indiana, and New Jersey, this addition brings the total to…
Ely Gold Royalties Inc (OTCMKTS: ELYGF) Reports Gross Revenue of CAN$4.1 Million
Ely Gold Royalties Inc (OTCMKTS: ELYGF) has reported gross revenue of CAN$4.1 Million for the financial year 2020. Fiscal Highpoints for the year ending December 31, 2020 The company had a cash balance of CAN$7,381,784 in the current financial year. Its cash balance in the previous year was CAN$2,973,520; Its Working capital was CAN$7,810,155 compared to working capital of CAN$2,948,823 for FY 2019; Its Income was CAN$3,349,450 compared to income of CAN$2,082,830 for…