A fire services company never conducted any on-site inspections before submitting 85 notices to shut down the hose reel system of a housing estate hit by Hong Kong’s deadliest blaze in decades, conceding that it acted as a “rubber stamp” to handle paperwork for the renovation contractor, an evidential hearing has been told. Separate testimony from a Fire Services Department official also noted tha...
A fire services company never conducted any on-site inspections before submitting 85 notices to shut down the hose reel system of a housing estate hit by Hong Kong’s deadliest blaze in decades, conceding that it acted as a “rubber stamp” to handle paperwork for the renovation contractor, an evidential hearing has been told. Separate testimony from a Fire Services Department official also noted that another contractor had failed to notify authorities after discovering that Wang Fuk Court’s fire...
Securitize announced Currenc Group ( CURR ) has tokenized its ordinary shares on both Ethereum and Solana. Tokenized shares aim to enable 24/7 trading, lower transaction costs, fractional ownership, and integration with decentralized finance systems. The company also proposed a reverse merger with Animoca Brands. Cantor Equity Partners II ( CEPT ) is planning a proposed business combination with S...
Securitize announced Currenc Group ( CURR ) has tokenized its ordinary shares on both Ethereum and Solana. Tokenized shares aim to enable 24/7 trading, lower transaction costs, fractional ownership, and integration with decentralized finance systems. The company also proposed a reverse merger with Animoca Brands. Cantor Equity Partners II ( CEPT ) is planning a proposed business combination with Securitize. More on Currenc Currenc Group receives Nasdaq notice over annual meeting compliance Financial information for Currenc
KNOT Offshore Partners ( KNOP ) declares $0.05/share quarterly dividend , in line with previous. Forward yield 1.99% Payable May 14; for shareholders of record April 27; ex-div April 27. See KNOP Dividend Scorecard, Yield Chart, & Dividend Growth. More on KNOT Offshore Partners Knot Offshore Partners LP Common: Focus On The Expected Recovery KNOT Offshore Partners LP Common Units (KNOP) Q4 2025 Ea...
KNOT Offshore Partners ( KNOP ) declares $0.05/share quarterly dividend , in line with previous. Forward yield 1.99% Payable May 14; for shareholders of record April 27; ex-div April 27. See KNOP Dividend Scorecard, Yield Chart, & Dividend Growth. More on KNOT Offshore Partners Knot Offshore Partners LP Common: Focus On The Expected Recovery KNOT Offshore Partners LP Common Units (KNOP) Q4 2025 Earnings Call Transcript KNOT Offshore Partners LP Common Units 2025 Q4 - Results - Earnings Call Presentation KNOT Offshore Partners reports Q4 results SA analyst upgrades/downgrades: NVDA, OKLO, KNOP, WULF
Greggory DiSalvo/iStock Editorial via Getty Images If you remember, I advised you not to do anything after Target Corporation ( TGT ) rose and delivered 12% returns in my previous coverage . I admit that I spoke both as an analyst and as an investor in this company as I suggested to existing investors not to sell their shares and to newcomers not to touch TGT yet. My view of its valuation paid off...
Greggory DiSalvo/iStock Editorial via Getty Images If you remember, I advised you not to do anything after Target Corporation ( TGT ) rose and delivered 12% returns in my previous coverage . I admit that I spoke both as an analyst and as an investor in this company as I suggested to existing investors not to sell their shares and to newcomers not to touch TGT yet. My view of its valuation paid off as the price reached my target price using the Dividend Discount Model. But of course, I realized I was a bit too early to downgrade it. And now that the market is becoming more volatile amid riskier external factors, I believe that it's essential to revisit this stock. Valuation and technicals now appear more synchronized as upside potential now appears limited. Target: Some Strengths Amid Challenges Macroeconomic volatility has remained intense in recent months. Although inflation has slowed down, it remains above the 2.0% Fed target. In addition, stubborn inflation means prices are still increasing. So, this also continues to squeeze purchasing power as well as pricing flexibility of businesses. Retailers like Target Corporation are not safe from these headwinds. If you look back to my previous coverages, it has experienced softer demand in many of its products/niches. Even in its most recent performance, the negative impact of softer discretionary spending was evident. In Q4 2025, its sales amounted to $30.4B, down by 1.5% YoY from $30.9B. This YoY decrease was the same as in my previous coverage, which means that TGT continued to grapple with sales recovery. The percentage decrease may only be a single digit, but $500M was still crucial for the company. The consolation is that this was slightly better than in H1 2025, as sales dropped by 1.9%. This can tell us that TGT was able to cope better with softer market conditions. If you look at its sales per segment, beauty and food and beverage increased, which partially offset the weakness in other product categories. Its ...
gremlin/E+ via Getty Images In February 2026, I issued a buy rating on Blue Owl Capital ( OBDC ). The main driver for my bullish view was a combination of a ~20% discount to NAV and solid fundamentals. Granted, the discount might be a signal about what lies ahead, but then again, looking at the underlying financial parameters of OBDC's portfolio, I simply could not find anything that would trigger...
gremlin/E+ via Getty Images In February 2026, I issued a buy rating on Blue Owl Capital ( OBDC ). The main driver for my bullish view was a combination of a ~20% discount to NAV and solid fundamentals. Granted, the discount might be a signal about what lies ahead, but then again, looking at the underlying financial parameters of OBDC's portfolio, I simply could not find anything that would trigger such enormous credit losses as the P/NAV implies. Let me be clear. In my view (and what I have outlined in my previous piece), OBDC deserves to be discounted but not to this extent. For example, high exposure to SaaS, ~10% PIK income, and bias towards the upper middle market segment might be something that would warrant a discount. Since the publication of my prior article on OBDC, the discount has widened by an incremental 4%, hitting a P/NAV of 0.75x. If we adjusted this for leverage, we would be talking about an embedded assumption that ~11% of OBDC's loan book is about to go bust. It is a 2-step process to arrive at this estimate: 1) I take OBDC's P/NAV discount of 25% (this reflects how discounted the equity position is), and 2) then I adjust for the leverage by dividing the P/NAV discount with the current debt-to-equity figure (i.e., discount/(1+D/E)) in order to get the asset-level discount. It is more than 2x of what BDCs reported at Q2 2020, which was a COVID-19 peak period (in non-accruals and at FV basis). Plus, for this discount to become fully justified (i.e., 11% of the loan book fully defaulting), the recovery rates should be zero, which, given the historical average of 45%, seems like a huge stretch. So, assuming a 45% recovery rate, ~20% of loans would have to go belly up for the discount to materialize. In a nutshell, this simple logic is a reason why I am bullish on OBDC. Namely, the scenario that has been priced in is too apocalyptic, and the fundamentals are not as bad as for, say, FS KKR Capital Corp ( FSK ) or BlackRock TCP Capital Corp ( TCPC ), whe...
Social Security is a critical source of income for many retirees, so it's important for seniors to keep up to date on any developments. Planning ahead can help retirees better understand what their budget and financial situation will look like in the future. That's why it's helpful to look at some upcoming Social Security changes that will be occurring in less than nine months. Here are some of th...
Social Security is a critical source of income for many retirees, so it's important for seniors to keep up to date on any developments. Planning ahead can help retirees better understand what their budget and financial situation will look like in the future. That's why it's helpful to look at some upcoming Social Security changes that will be occurring in less than nine months. Here are some of those changes to start getting ready for. Image source: Getty Images. Continue reading
PM will meet leaders in the region to discuss diplomatic efforts to support the ceasefire agreed between the US and Iran OpenAI, the company behind ChatGPT, is proposing the extension of the four-day working week , as a response to AI taking over some of the work done by humans. But for the Conservative party the four-day working week, at least in the public sector, is viewed as a menace. Official...
PM will meet leaders in the region to discuss diplomatic efforts to support the ceasefire agreed between the US and Iran OpenAI, the company behind ChatGPT, is proposing the extension of the four-day working week , as a response to AI taking over some of the work done by humans. But for the Conservative party the four-day working week, at least in the public sector, is viewed as a menace. Officially, that’s a value-for-money position, but it also overlaps with their opposition to civil servants working from home, which has some of the traits of a culture war obsession. Today the Conservatives have announced that, if they were in government, they would ban councils from letting staff work a four-day working week on full pay. Explaining why, the Tories say in a news release: The four-day working week, as introduced by Liberal Democrat-run South Cambridgeshire district council, has left residents with more council tax for less public service. Bin collectors and social housing officials receive 100 per cent of their pay for around 80 per cent of their originally contracted hours. The Labour government have failed to act. As communities secretary, Angela Rayner scrapped [ Whitehall opposition to the South Cambridgeshire policy ]. Labour are refusing to legislate against a four-day week, giving councils an effective green light to get away with charging more for less work. Consequentially, Labour-run Cambridge City Council has become the second council to sign up to the four-day week. Those areas which saw a statistically significant improvement include: the percentage of calls answered by the contact centre; the average number of days taken to update housing benefit and council tax support claims; the average number of weeks for householder planning applications to be decided; the percentage of planning applications (both large and small) decided within target or agreed timescales; the percentage of council house repairs complete within 24 hours; [and] the percentage of ...
World No 10 suffers heavy loss to Matteo Berrettini Russian destroys racket before placing in courtside bin Daniil Medvedev smashed his racket several times then placed the remnants in a courtside dustbin during a humbling 6-0, 6-0 loss to Italian wildcard Matteo Berrettini at the Monte Carlo Masters on Wednesday, as the world No 10 suffered his first tour-level defeat without winning a game. Medv...
World No 10 suffers heavy loss to Matteo Berrettini Russian destroys racket before placing in courtside bin Daniil Medvedev smashed his racket several times then placed the remnants in a courtside dustbin during a humbling 6-0, 6-0 loss to Italian wildcard Matteo Berrettini at the Monte Carlo Masters on Wednesday, as the world No 10 suffered his first tour-level defeat without winning a game. Medvedev capitulated in 49 minutes, failing to earn a game point on his own serve and committing 27 unforced errors. Continue reading...
Giles Jenkyn/DigitalVision via Getty Images Performance assessment Credo ( CRDO ) has lagged the S&P 500 ( SPY ) since my last update on the stock: Performance since HA's Last Article on CRDO (Seeking Alpha, HA's Last Article on CRDO) Elevator pitch Here's why I have a bullish-leaning 'Hold' view on Credo: Hyperscalers are prioritizing copper connections in compute infrastructure Credo is making r...
Giles Jenkyn/DigitalVision via Getty Images Performance assessment Credo ( CRDO ) has lagged the S&P 500 ( SPY ) since my last update on the stock: Performance since HA's Last Article on CRDO (Seeking Alpha, HA's Last Article on CRDO) Elevator pitch Here's why I have a bullish-leaning 'Hold' view on Credo: Hyperscalers are prioritizing copper connections in compute infrastructure Credo is making rapid progress to launch into a new product category Lower beats on guidance may limit upside Rising earnings expectations and a lower valuation multiple are very attractive Wait for the buyers to kick in at support If you are new to Credo, I suggest reading my initiating coverage on the stock, as that explains the business and key products such as active electrical cables [AECs] Hyperscalers are prioritizing copper connections in compute infrastructure Industry leaders are reaffirming that for data center connections between compute resources within a cluster, the copper-based AECs are the best option: If you are running... your own AI data centers and designing it, architecting it, you truly want larger and larger domains or clusters... and you really want to connect XPUs to XPUs directly where you can... And the best way to do that is to use direct attach copper. That's the lowest latency, lowest power, and lowest cost. So you want to keep doing that, especially in scale-up, as long as possible. In scaling out, we're past that. We use optical. That's fine. But I'm talking about scaling up in a rack, in a cluster domain. You really want to use direct-attach copper as long as you can. - Broadcom's CEO Hock Tan in the Q1 FY26 earnings call Scale up refers to adding more resources to an existing computing cluster and connecting the different pieces together. Scale out refers to adding more computing clusters and connecting all these clusters together. And this is leading to accelerating demand from key customers such as the hyperscalers as AECs become the default choice for s...