Musings on Markets

SEPTEMBER 5, 2024

That drop of more than $200 billion in market capitalization in response to what looked like good news, at least on the surface, puzzled market observers, though, as is their wont, they had found a reason by day end. YouTube Video Links Nvidia 10 Q (for 2nd Quarter 2025) Nvidia Valuation (updated on September 5, 2024)

Marketability 136

Marketability Start-ups Discounted Cash Flow Market Capitalization 136

Benzinga

SEPTEMBER 5, 2024

Strategic Transaction Highlights: Creates a premier middle-market bank focused on serving the greater New York metro area Pro forma company will have significant scale, with $14 billion in assets and a market capitalization of over $1.2

Banking 45

Banking Book Value Marketability Market Capitalization 45

Benzinga

NOVEMBER 13, 2023

The Transaction will create an Americas-focused, high-margin, high-growth, mid-tier gold producer with estimated average annual gold production of approximately 500 koz during 2025 – 2026E 1. Through this Transaction, Valentine will be fully funded to production without additional debt, royalties, or shareholder equity.

Equity 40

Equity Treasury Market Capitalization Marketability 40

Reynolds Holding

NOVEMBER 30, 2023

If registrant discloses in its Compensation Discussion & Analysis that it determines the vesting of performance-based equity awards based on relative TSR compared to a broad-based equity index, can the registrant use that broad-based index as its peer group for purposes of Item 402(v)(2)(iv)? Answer: No.

Compliance 40

Compliance Total Shareholder Return Dividends Market Capitalization 40

Benzinga

SEPTEMBER 5, 2024

The proposed Transaction implies a total equity value for Gatos of approximately US$970 million. The consideration implies a total offer value of US$13.49 Following completion of the Transaction, existing Gatos shareholders will own approximately 38% of First Majestic shares on a fully-diluted basis.

Marketability 40

Marketability Equity Market Capitalization Banking 40

Musings on Markets

DECEMBER 2, 2020

After its recovery from COVID in 2021, gross bookings will continue to grow at a compounded annual growth rate of 25% between 2022 and 2025, and growth will drop down over the following years. The Hotel Business The hotel business is both large and diverse, composed of hotels that range the spectrum from luxury to budget.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Global Finance

MAY 8, 2024

Last year, UOB fully integrated its acquired Indonesian and Malaysian businesses onto the bank’s platforms while the migration of the Thai and Vietnamese businesses will be completed in the first half of 2024 and 2025, respectively. In 2023, the bank’s financial data metrics were impeccable: a 27% increase in net profit to a record S$6.1

Banking 52

Banking Dividends Start-ups Finance 52

Musings on Markets

JANUARY 17, 2025

In my last post , I noted that the US has extended its dominance of global equities in recent years, increasing its share of market capitalization from 42% in at the start of 2023 to 44% at the start of 2024 to 49% at the start of 2025.

Equity 129

Equity Risk Premium Treasury Start-ups 129

Musings on Markets

MAY 3, 2025

I started the month on a trip to Latin America, just as the tariff story hit my newsfeed and the market reacted with a sell off that knocked more than $9 trillion in market cap for global equities in the next two days. Equities: Storm Clouds gather (and dissipate)!

Marketability 95

Marketability Start-ups Treasury Risk Premium 95

Musings on Markets

APRIL 20, 2025

For the market, it is often built on papers (or books) that look at the historical data on what equity markets have delivered as returns over long periods, relative to what you would have made investing elsewhere.

Start-ups 136

Start-ups Price to Book Marketability Equity 136

Benzinga

MAY 21, 2025

May 21, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. Pending regulatory and shareholder approvals, the Merger is anticipated to close in the second half of 2025. Star") (NASDAQ: STRR , STRRP)) and Hudson Global, Inc. million shares outstanding.

Equity 40

Equity EBITDA Market Capitalization Finance 40

Global Finance

APRIL 5, 2025

Following two years of sticky inflation, exorbitant interest rates, and geopolitical tensions, worldwide equity issuance volume surged to $741 billion in 2024. Global inflation eased and major central banks began to cut interest rates: encouraging developments for equity issuers and investors. Thats up 20% from the previous year.

Banking 52

Banking Equity Market Capitalization Marketability 52

Benzinga

APRIL 27, 2025

Projected gold equivalent production of ~160,000 1 ounces in 2025, increasing to over ~180,000 2 ounces in 2026. Robust proforma balance sheet: A$188 / C$167 million cash to fuel growth as at 31 March 2025 3. The implied market capitalization of the combined company is estimated at A$1,013 / C$898 million 3.

Market Capitalization 40

Market Capitalization Marketability Banking Equity 40

Musings on Markets

JANUARY 31, 2025

Since the companies involved in building the AI infrastructure are the ones that are most tangibly (and immediately) benefiting from the AI boom, they are also the companies that have seen the biggest boost in market cap, as the AI story heated up.

Start-ups 134

Start-ups Marketability Technology Risk Premium 134

Benzinga

MAY 5, 2025

of the Company Pershing Square's Investment Materially Improves Howard Hughes' Credit Profile and Strategic and Financial Flexibility THE WOODLANDS, Texas and NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc.(NYSE: and its wholly owned subsidiary, Pershing Square Capital Management, L.P.

Equity 40

Equity Marketability Market Capitalization 40

Benzinga

JANUARY 30, 2025

Companies to Host a Joint Conference Call on January 30, 2025, at 4:00 PM ET to Discuss the Proposed Merger NEW YORK, Jan. Research Coverage: The increase in Portman Ridge's market capitalization is expected to facilitate additional research coverage. per share and a 17% premium to LRFC's closing price of $21.43

Finance 40

Finance Capital Structure Market Capitalization Banking 40

Musings on Markets

MARCH 15, 2025

Thus, my estimates of equity risk premiums, updated every month, are not designed to make big statements about markets but more to get inputs I need to value companies. In the table below, I show my estimates of the implied equity risk premium for the S&P 500 at the start of every month, since January 2024, and on March 14, 2025.

Start-ups 132

Start-ups Risk Premium Marketability Equity 132

Musings on Markets

JANUARY 26, 2025

In my first two data posts for 2025, I looked at the strong year that US equities had in 2024, but a very good year for the overall market does not always translate into equivalent returns across segments of the market. trillion, almost of the entire market's gain for the year. Where does that leave us?

Price to Book 78

Price to Book Start-ups Book Value Marketability 78

Reynolds Holding

FEBRUARY 23, 2025

Effective and well-designed laws governing investment and financial markets are the single most important foundation for financial markets to allocate capital efficiently while providing optimal reassurance to investors and lenders. In the United States, the cost of capital is lower than elsewhere. 3] [link]. [4]

Systematic Risk 45

Systematic Risk Marketability Equity Risk Premium 45

Musings on Markets

FEBRUARY 6, 2025

It is for this reason that I chose to compute returns differently, using the following constructs: I included all publicly traded stocks in each market, or at least those with a market capitalization available for them. I converted all of the market capitalizations into US dollars , just to make them comparable.

Risk Premium 69

Risk Premium Start-ups Enterprise Value Equity 69