filo Universal Music Group (UMG) has launched an inaugural €500 million share buyback program, showing confidence in its strategy and long-term growth. The buyback will be conducted by an independent broker. The share buyback program will be carried out under the current authorization from the board of directors, granted at the UMG Annual General Meeting on May 14, 2025, and any future AGMs. The r...
filo Universal Music Group (UMG) has launched an inaugural €500 million share buyback program, showing confidence in its strategy and long-term growth. The buyback will be conducted by an independent broker. The share buyback program will be carried out under the current authorization from the board of directors, granted at the UMG Annual General Meeting on May 14, 2025, and any future AGMs. The repurchased shares will be used to fulfill obligations under the 2022 Universal Music Group Global Equity Plan or to reduce share capital. The maximum number of shares for the equity plan will stay the same. The buyback program can be changed or halted at any time. It will comply with Regulation No 596/2014 and related regulations, and the company will provide updates through press releases and its website. More on Universal Music Group Universal Music Group N.V. (UNVGY) Presents at BNP Paribas Exane TMT Conference Transcript Universal Music Group: Stairway To Nowhere Universal Music Group N.V. (UNVGY) Q4 2025 Earnings Call Transcript Historical earnings data for Universal Music Group Dividend scorecard for Universal Music Group
NicoElNino/iStock via Getty Images Introduction In my previous article on Micron Technology ( MU ), I laid out the case for why the memory industry has structurally changed. The combination of slowing DRAM scaling, rising capital intensity, and strong AI-driven demand led me to believe that the traditional boom-bust cycle in memory is unlikely to repeat, making Micron a compelling investment. Sinc...
NicoElNino/iStock via Getty Images Introduction In my previous article on Micron Technology ( MU ), I laid out the case for why the memory industry has structurally changed. The combination of slowing DRAM scaling, rising capital intensity, and strong AI-driven demand led me to believe that the traditional boom-bust cycle in memory is unlikely to repeat, making Micron a compelling investment. Since then, Micron has reported a blowout quarter, but the stock has pulled back anyway. In this update, I want to break down what drove the decline, and more importantly, why I believe the current concerns make this an attractive buying opportunity. Earnings On March 18, Micron delivered an FQ2 topline beat of 22.3% and a bottom line beat of 39.7%. Even more impressive, Micron delivered a top-line guidance beat of 44% and a bottom-line guidance beat of 77.8%. FQ2 Earnings Snapshot (Seeking Alpha) The sentiment afterward was euphoric! For a company with a market cap nearing half a trillion to deliver this kind of beat screamed of another NVIDIA ( NVDA ) moment. However, the immediate reaction was a steep decline, which left many investors scratching their heads. I believe the reason for the reaction was the increased CAPEX guide to $25B from $20B. Historically speaking, the time to buy a memory stock has been after a lot of capacity has left the industry and there's a catalyst that will trigger an increase in demand. Conversely, the ideal time to sell would be when there are lots of new announcements for new plants, not when the earnings turn down. The reason for this is because expansion plans typically meant that future earnings would go down, and the stock market is forward-looking. Seasoned memory cycle investors follow this playbook religiously; it doesn't matter if "this time is different". However, there is good reason to believe this time is actually different, and seasoned memory cycle investors may be the ones that look like fools this time around, exiting too early. ...
NicoElNino/iStock via Getty Images Introduction In my previous article on Micron Technology ( MU ), I laid out the case for why the memory industry has structurally changed. The combination of slowing DRAM scaling, rising capital intensity, and strong AI-driven demand led me to believe that the traditional boom-bust cycle in memory is unlikely to repeat, making Micron a compelling investment. Sinc...
NicoElNino/iStock via Getty Images Introduction In my previous article on Micron Technology ( MU ), I laid out the case for why the memory industry has structurally changed. The combination of slowing DRAM scaling, rising capital intensity, and strong AI-driven demand led me to believe that the traditional boom-bust cycle in memory is unlikely to repeat, making Micron a compelling investment. Since then, Micron has reported a blowout quarter, but the stock has pulled back anyway. In this update, I want to break down what drove the decline, and more importantly, why I believe the current concerns make this an attractive buying opportunity. Earnings On March 18, Micron delivered an FQ2 topline beat of 22.3% and a bottom line beat of 39.7%. Even more impressive, Micron delivered a top-line guidance beat of 44% and a bottom-line guidance beat of 77.8%. FQ2 Earnings Snapshot (Seeking Alpha) The sentiment afterward was euphoric! For a company with a market cap nearing half a trillion to deliver this kind of beat screamed of another NVIDIA ( NVDA ) moment. However, the immediate reaction was a steep decline, which left many investors scratching their heads. I believe the reason for the reaction was the increased CAPEX guide to $25B from $20B. Historically speaking, the time to buy a memory stock has been after a lot of capacity has left the industry and there's a catalyst that will trigger an increase in demand. Conversely, the ideal time to sell would be when there are lots of new announcements for new plants, not when the earnings turn down. The reason for this is because expansion plans typically meant that future earnings would go down, and the stock market is forward-looking. Seasoned memory cycle investors follow this playbook religiously; it doesn't matter if "this time is different". However, there is good reason to believe this time is actually different, and seasoned memory cycle investors may be the ones that look like fools this time around, exiting too early. ...
thamerpic The governments of Canada and Quebec are said to be pushing to save the country’s only copper smelter after Glencore ( GLNCY ) ( GLCNF ) threatened to shut it down over new pollution-control requirements. The Horne Smelter, about 390 miles northwest of Montreal, is one of small number of facilities in North America that can process copper concentrate and recyclable materials such as elec...
thamerpic The governments of Canada and Quebec are said to be pushing to save the country’s only copper smelter after Glencore ( GLNCY ) ( GLCNF ) threatened to shut it down over new pollution-control requirements. The Horne Smelter, about 390 miles northwest of Montreal, is one of small number of facilities in North America that can process copper concentrate and recyclable materials such as electronic waste. The Swiss mining firm announced last month that it was putting on hold plans to invest nearly C$1 billion ($720 million) in its Quebec copper operations after negotiations with the province over arsenic emission controls reached a deadlock. Without a deal, the facility would have to be wound down, impacting North America’s already constrained capacity to process copper ( HG1:COM ) into useful products. But Quebec has now proposed legislative changes to address some of Glencore’s ( GLNCY ) ( GLCNF ) main concerns. If passed, the metals company would get more time to reach tougher emissions targets, Bloomberg reported. Meanwhile, the Canadian government is considering a financial aid request for about C$150 million to help pay for new pollution-control systems, according to people familiar with the matter. “While awaiting regulatory certainty, we are open to evaluating other mechanisms, particularly financial ones, for sharing risks,” Glencore said in an emailed statement to the news agency. The office of Canadian Industry Minister Melanie Joly declined to comment on the ongoing discussions with the company. Gabrielle Landry, a spokesperson for Joly, said the smelter at Rouyn-Noranda, Quebec, is “a strategic asset within our industrial base and an important part of our domestic capabilities.” Landry added, “Protecting our industrial backbone matters, just as the health and safety of Canadians does.” The facility also produces byproducts such as gold, silver, platinum, palladium, and other metals, along with sulfuric acid used in fertilizers, according to Glencor...