(RTTNews) - Adore Beauty Group (ABY.AX) issued an update on its unaudited year-to-date financial performance. For the first 47 weeks ending 24th May of fiscal year, revenue was up 7.4% over prior corresponding period to A$193.4 million. Year to date new customer acquisition was up 13.9%. For the second half, the Group targets gross margin in line with prior year at 34.5%. For full year 2026, the G...
(RTTNews) - Adore Beauty Group (ABY.AX) issued an update on its unaudited year-to-date financial performance. For the first 47 weeks ending 24th May of fiscal year, revenue was up 7.4% over prior corresponding period to A$193.4 million. Year to date new customer acquisition was up 13.9%. For the second half, the Group targets gross margin in line with prior year at 34.5%. For full year 2026, the Group expects underlying EBITDA to be approximately A$4.0 million. For fiscal 2027, the Group expects revenue growth of at least 10%, and underlying EBITDA of A$9-13 million. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Today’s four puzzles are inspired by chess. (If you haven’t yet watched the recent documentaries on Judit Polgár and Hans Niemann, I recommend them.) 1. Oddities 1. A chess tournament is taking place with several participants. Not every player played against every other player, and some players may have played many more games than others. Some of the players played an odd number of games. Prove th...
Today’s four puzzles are inspired by chess. (If you haven’t yet watched the recent documentaries on Judit Polgár and Hans Niemann, I recommend them.) 1. Oddities 1. A chess tournament is taking place with several participants. Not every player played against every other player, and some players may have played many more games than others. Some of the players played an odd number of games. Prove that the number of such players must be even. 2. L of a trip A knight in chess moves in an “L” pattern - two squares in one direction and one square in a perpendicular direction. Starting in the bottom right corner of a regular 8×8 chessboard, is it possible for a knight to visit every square on the chessboard exactly once and end up in the top left corner? 3. Pawn return Take a chessboard with the standard initial setup of pieces. What’s the fewest number of moves needed for a pawn to leave its initial place, get promoted/queened, and then return to its original position? (Assuming the two players are collaborating to achieve this, not that the one is scuppering the other). 4. Four knights Show how to swap the two pairs of knights on the following strangely-shaped grid. The knights make one move at a time. You’re trying to get the black nights to where the white knights are, and the white knights to where the black knights are. If you try to solve this problem using knights on a physical grid, you will get very confused. Try to think abstractly. With one simple(ish) insight, the problem is quickly solvable. I’ll be back at 5pm UK with the solution. PLEASE NO SPOILERS. Instead – discuss chess! Today’s puzzles come from We Solve Problems, a charity that runs free maths circles for secondary school pupils (years 7 to 11) between September and May in more than a dozen cities across the UK. A maths circle is a social club for maths-loving children, led by post graduates and PhD students. You can register now for the next school year. I’ve been setting a puzzle here on alternate M...
Zolak/iStock via Getty Images Boaz Weinstein’s Saba Capital Management has previously taken over two legacy closed-end funds. Before it became the Saba Capital Income & Opportunities Fund ( BRW ), the fund operated as the Voya Prime Rate Trust (PPR), which was a legacy senior loan/floating-rate bank debt fund. In 2020 and early 2021, Saba waged an activist campaign that targeted the double-digit d...
Zolak/iStock via Getty Images Boaz Weinstein’s Saba Capital Management has previously taken over two legacy closed-end funds. Before it became the Saba Capital Income & Opportunities Fund ( BRW ), the fund operated as the Voya Prime Rate Trust (PPR), which was a legacy senior loan/floating-rate bank debt fund. In 2020 and early 2021, Saba waged an activist campaign that targeted the double-digit discount. After a successful proxy contest and a large tender offer, shareholders approved a new investment management agreement, and Saba officially took over management of the fund on June 4, 2021. The ticker was immediately changed from PPR to BRW, which are the initials of Boaz Robert Weinstein. The mandate was expanded from corporate bank loans to include Saba's combination of credit, equity, and activist CEF arbitrage investments. In a similar fashion, the Saba Capital Income & Opportunities Fund II ( SABA ) was also rebranded from the long-standing Templeton Global Income Fund (GIM). GIM was a legacy global sovereign fixed income fund managed by Franklin Templeton. There was a long and bitter proxy battle after Saba Capital accumulated a large position and sued the fund's trustees over restrictive voting bylaws. After winning outright board control of GIM, Saba Capital successfully ousted Franklin Templeton and became the fund's new investment adviser on December 31, 2023. They renamed the vehicle to Saba Capital Income & Opportunities Fund II and changed the ticker from GIM to SABA. The historical backdrop above is important in understanding the fee structures of the two funds. BRW, which was taken over in 2021, carries the older managed/total assets fee structure that was common among legacy Voya funds. But the later 2023 takeover, which formed SABA, reflects a different negotiated governance structure where Saba implemented a cleaner "net assets" fee calculation. This safeguards shareholders against a leverage-based fee penalty. Both funds use similar investment st...
European stocks are set to open higher on Monday as hopes for a deal between the U.S. and Iran rose over the weekend. France's Cac 40 is on course to add 0.9%, according to futures data from IG. Germany's Dax is on track to rise 1.1%. The U.K's FTSE 100 is closed for a public holiday. Stocks in Europe are tracking their Asian counterparts higher after Japan's Nikkei 225 breached 65,000 on Monday f...
European stocks are set to open higher on Monday as hopes for a deal between the U.S. and Iran rose over the weekend. France's Cac 40 is on course to add 0.9%, according to futures data from IG. Germany's Dax is on track to rise 1.1%. The U.K's FTSE 100 is closed for a public holiday. Stocks in Europe are tracking their Asian counterparts higher after Japan's Nikkei 225 breached 65,000 on Monday for the first time. Japan's headline index hit a record high in holiday-thinned Asia trading after reports that the crucial Strait of Hormuz may reopen soon drove oil prices down and boosted investor sentiment. President Donald Trump said in a Truth Social post that negotiations with Iran were "proceeding in an orderly and constructive manner," adding that he had told his representatives "not to rush into a deal in that time is on [their] side." Oil prices fell more than 5% after Trump's comments, easing pressure on investors. European stocks look set to notch their fifth consecutive day of gains, extending Friday's rally. — CNBC's Justina Lee also contributed to this report. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Laser Photonics ( LASE ) said it received a notice from Nasdaq stating that the company is no longer in compliance with continued listing requirements after delaying the filing of its quarterly report for the period ended March 31, 2026, with the U.S. Securities and Exchange Commission. The notice has no immediate effect on the listing or trading of the company's securities on Nasdaq. However, if ...
Laser Photonics ( LASE ) said it received a notice from Nasdaq stating that the company is no longer in compliance with continued listing requirements after delaying the filing of its quarterly report for the period ended March 31, 2026, with the U.S. Securities and Exchange Commission. The notice has no immediate effect on the listing or trading of the company's securities on Nasdaq. However, if the company fails to timely regain compliance with the listing rule, the company's securities will be subject to delisting from Nasdaq. Laser Photonics ( LASE ) fell 1.8% in extended trading on Friday. More on Laser Photonics Laser Photonics to raise $4M from warrant exercises Laser Photonics regains Nasdaq compliance after filing delayed 10-K Historical earnings data for Laser Photonics Financial information for Laser Photonics
Igor Alecsander/E+ via Getty Images Introduction The last time I covered StoneCo ( STNE ), I upgraded them to a Strong Buy, as the valuation became too hard to ignore while the company expected a nearly 30% shareholder yield in 2026 based on previous levels (nearly achieved in April already), while the capital ratio reduction to 17% unlocks even more capital for growth and long-term returns. With ...
Igor Alecsander/E+ via Getty Images Introduction The last time I covered StoneCo ( STNE ), I upgraded them to a Strong Buy, as the valuation became too hard to ignore while the company expected a nearly 30% shareholder yield in 2026 based on previous levels (nearly achieved in April already), while the capital ratio reduction to 17% unlocks even more capital for growth and long-term returns. With the stock down about 6% when adjusting for the massive ~17.3% dividend related to the Linx divestiture despite an overall solid report, STNE remains a Strong Buy even though the prolonged Iran conflict adds elevated levels of risk. Solid Performance, Weak Environment StoneCo IR STNE reported an overall solid Q1 report, jumping on the day of the release thanks to better-than-expected payment volumes, posting a 6.5% increase in total revenue and an adj. net income growth of only 3.5% as they continue developing the credit portfolio. Even though the first quarter was not much better than Q1 2025, the EPS still grew at a 26% CAGR since Q1 2024 (up 15.4% YoY) thanks to the massive buybacks that are sustained by their cash flow. StoneCo IR As mentioned, the updated capital management strategy with a reduced minimum managerial total capital ratio of 17% (closer alignment with the Central Bank of Brazil's standards) unlocks significant capital for buybacks and growth while continuing to target a positive net cash position. Meanwhile, STNE is actively working on addressing the churn they saw, especially for the new consumers (onboarded during 2025; 13% YoY growth in the active client base but a 5% QoQ decline, while ARPAC dropped 11% YoY and 3% QoQ), conducting a full review of their offerings and working on simplifying bundles, aiming at achieving a cleaner and more transparent pricing structure, according to the new CEO, who also highlighted the following during their Q1 Earnings Call : Three dynamics shaped the quarter. First, a macro environment that continues to weigh on smalle...
Supitnan Pimpisarn/iStock via Getty Images Santacruz Silver ( SCZM ) has dropped since the last time I covered it, and while this is not pleasant, I believe we should update this thesis. The stock price dropped, and I got a little scared of it, but I believe the company itself remained largely the same. My first thesis was never about a clean, easily understood, institutional-quality miner. At the...
Supitnan Pimpisarn/iStock via Getty Images Santacruz Silver ( SCZM ) has dropped since the last time I covered it, and while this is not pleasant, I believe we should update this thesis. The stock price dropped, and I got a little scared of it, but I believe the company itself remained largely the same. My first thesis was never about a clean, easily understood, institutional-quality miner. At the time, the stock was already showing risks, but still it looked like an undervalued company that had very good geology. The main risk, in my opinion, was Bolivia with a 45% economic interest problem, then some transparency questions and 2028 Illapa JV uncertainty. Again, the stock dropped, but it's interesting because Q1 results seemed stronger than when I first wrote an article. Due to this, I believe that the majority of this drop was caused by silver prices, which fluctuate quite a lot these days. Q1 2026 I believe that the easiest part of my thesis is not looking stronger. Q1 2026 generated $127.5 million in revenue, $42.9 million in gross profit, $28.5 million in net income, and $42.6 million in adjusted EBITDA. Also, cash and highly liquid marketable securities increased to $64.9 million, while realised mining margin per silver ounce sold was $31.70. I believe these numbers show a real earnings power, especially for the company, which is considered risky by the market. Overall, for my bullish thesis, this quarter was good. Q1, in fact, was strong also because of the favorable silver environment and also due to SCZM platform, which can generate real profitability. While silver prices helped, I believe that the business still has working capital and capex pressure. As we already established, Q1 financials were looking good and strong; however, production was not really that clean. The company produced $1.34 million ounces of silver and 21,640 tons of zinc. Which is not a bad result, but it does not show that the operational platform has fully recovered and is now workin...
IAC NASDAQ: IAC is continuing its transformation from a holding company into People Incorporated, with executives describing the shift as a continuation of a strategy outlined earlier this year that includes asset sales, cost reductions and a sharper focus on People Inc. and MGM Resorts International. Speaking at a J.P. Morgan investor event, Chris said IAC’s consolidation of its corporate operati...
IAC NASDAQ: IAC is continuing its transformation from a holding company into People Incorporated, with executives describing the shift as a continuation of a strategy outlined earlier this year that includes asset sales, cost reductions and a sharper focus on People Inc. and MGM Resorts International. Speaking at a J.P. Morgan investor event, Chris said IAC’s consolidation of its corporate operations into People Inc. reflects the company’s narrowed operating structure after the spin of Angi, the sale of Care and the wind-down of its search business. Get IAC alerts: Sign Up “When you're down to one core operating business, a key step in this was selling Care and closing that in March, as well as winding down our search business and other things that simplified the drains on corporate,” Chris said. “It made no sense to have two levels of corporate for one operating business, plus our MGM stake, plus some smaller stakes.” People Inc. Becomes the Core Operating Business Tim Quinn, CFO of People Incorporated, said People Inc. is “America’s largest publisher by pretty much any measure,” built from the combination of Dotdash, Time Inc. and Meredith. The company owns brands including People, Better Homes & Gardens, Food & Wine, Travel + Leisure, Southern Living and Allrecipes. Quinn said 70% of People Inc.’s revenue is now digital media, while 90% of profitability comes from digital media. The magazine business remains, but he described it as a smaller portion of the overall company as brands now operate across websites, print, social platforms and Apple News. People Inc. has continued to grow despite traffic headwinds from AI Overviews, Quinn said. He said the company began preparing for reduced reliance on Google traffic under an internal phrase called “Google Zero,” which asked where its brands would live if no traffic came from Google. “For the last 10 years, it's been a digital dotcom business, and we think the next 10 years are gonna be all about the brands,” Quinn sa...