(RTTNews) - Auckland International Airport Ltd. (AIA.AX) reported Friday that total passengers through Auckland Airport reached 1.56 million in April, up 1 percent on the prior year.
(RTTNews) - Auckland International Airport Ltd. (AIA.AX) reported Friday that total passengers through Auckland Airport reached 1.56 million in April, up 1 percent on the prior year.
ilker razaki/iStock via Getty Images Hemisphere Energy ( HMENF ) has changed quite a bit since my last article . That is why I would like to revisit my thesis. When I first wrote about the company, it was a boring, clean, and very defensive oil microcap stock. The balance is clean, CapEx is low, and dividends are actually attractive—all of this is making a bullish thesis. However, the WTI environm...
ilker razaki/iStock via Getty Images Hemisphere Energy ( HMENF ) has changed quite a bit since my last article . That is why I would like to revisit my thesis. When I first wrote about the company, it was a boring, clean, and very defensive oil microcap stock. The balance is clean, CapEx is low, and dividends are actually attractive—all of this is making a bullish thesis. However, the WTI environment, polymer costs, and dependency on Atlee Buffalo did not let me rate this company higher than hold. Now, I have to admit, WTI pushed the company above my rating, and the overall situation changed. Not because Hemisphere became a diversified growth business. We won't find it here. But the main pressure points got softer. The oil environment got better, special payouts did not stop, and 2026 guidance shows that the base dividend is not that sensitive, as I wrote in my last article. Now, I believe that we should look into the company and see whether it is worth re-rating it. 2025 Analysis 2025 was not really very clean for them, in my opinion. Q4 really showed that Hemisphere margins were not secured from realized price drops. Petroleum and natural gas revenue dropped to C$19 million from C$23.4 million a year ago, and the realized combined price dropped to C$61.55/boe from C$75.59/boe, not the best numbers, to be fair, but that should have been expected at full exposure. Realized combined price also dropped C$44.10/boe, which again should have been expected. Free funds flow in Q4 was just C$2.2 million, when a year ago it was C$7.1 million, making this quarter a weaker one in my opinion. But, we should look at the overall 2025 trend, because I believe it is more important than one weak quarter. Production increased 6% to 3645 boe/d, free funds flow per year increased to C$26.6 million, and the company was still returning capital to shareholders. Around C$9.6 in base dividends, C$5.8 million in special dividends, and C$6.5 million in buybacks, which, let's be fair, for a co...
STT Global Data Centres India Pvt. is considering an initial public offering in Mumbai that could raise as much as $500 million, according to people familiar with the matter, as investor demand for digital infrastructure accelerates. The data center service provider backed by Tata Communications Ltd. has invited investment banks to pitch for advisory roles, with presentations expected next week an...
STT Global Data Centres India Pvt. is considering an initial public offering in Mumbai that could raise as much as $500 million, according to people familiar with the matter, as investor demand for digital infrastructure accelerates. The data center service provider backed by Tata Communications Ltd. has invited investment banks to pitch for advisory roles, with presentations expected next week and appointments targeted by the end of the month, the people said, asking not to be identified because the information is private. The company is seeking a valuation of $5 billion to $5.5 billion and may file its draft prospectus within the next two to three months, the people said. The IPO could take place as early as the end of this year, they added. Deliberations are ongoing and details, including the size and timing of the offering, could change, the people said. A representative for STT Global Data Centres didn’t immediately respond to requests for comment. Interest in data center assets has surged globally, fueled by the rapid growth of artificial intelligence and cloud computing. In India, total investment in the industry is projected to exceed $100 billion by 2027, according to CBRE Group Inc. Companies including Alphabet Inc. ’s Google and OpenAI have outlined expansion plans in the country, while Reliance Industries Ltd. is also pursuing a large-scale data center project that could cost as much as $30 billion. STT India would become one of a handful of pure-play data center operators to tap the Indian public market, along with peers such as Sify Infinit Spaces Ltd. and Yotta Data Services Pvt. Sify is preparing to launch its offering soon, while Yotta has recently appointed banks for a potential IPO. Founded in 2007 as Tata Communications Data Centres, the company is a step-down subsidiary of Singapore-based ST Telemedia Global Data Centres, which holds a 74% stake, according to rating agency ICRA. Tata Communications owns the remaining 26%. The company operates mo...