Unit Corporation (UNTC)
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Hilton Worldwide: Focus On RevPAR Miss And Unit Growth Outlook
Hilton Worldwide's actual Q3 2024 RevPAR growth was below the company's earlier guidance, and the company lowered its full-year RevPAR expansion outlook. But HLT's long-term prospects are positive, with its substantial pipeline and strong brands. HLT currently trades at a significant premium to peers; a favorable valuation re-rating for the stock is unlikely in the near term considering its disappointing RevPAR performance and guidance.
Unit Corporation: Dividend Coverage May Drop Below 1.0x In 2025
Unit Corporation currently offers a roughly 15% dividend yield. Unit's dividend coverage is projected at slightly above 1.0x for 2H 2024. This is expected to decrease to 0.8x in 2025.
Marsh & McLennan Q3 Earnings Beat on Solid Marsh Unit Performance
MMC's strong United States/Canada operations are contributing to its positive results.
Reiterated Strong Buy: Unit Corporation's Leaner Operations Still Look Bullish
Unit Corporation remains a "Strong Buy" due to its leaner operations and sustainable dividend strategy despite recent revenue declines and market challenges. UNTC's strategic divestitures and focus on core assets have bolstered cash reserves and reduced liabilities, enhancing long-term financial stability. The company maintains a high dividend yield of 15.4%, supported by positive cash flow and a debt-free balance sheet, appealing to income investors.
Hilton Banks on Unit-Expansion Efforts & Loyalty Program
HLT's emphasis on an asset-light, fee-based business model bodes well. However, an uncertain macroeconomic environment is a concern.
LQWD Closes Fully Subscribed $2.24 Million/$0.70 Unit Tranche of its Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / October 9, 2024 / LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) ("LQWD" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of up to $3,215,000 (the "Private Placement"), which was originally announced on September 27, 2024. Under the fully subscribed first tranche of the Private Placement, the Company has issued an aggregate of 3,200,000 units of the Company at a price of $0.70 per unit to raise gross proceeds of $2,240,000.Each $0.70 unit consists of one common share of the Company and one common share purchase warrant.
Honeywell Plans Spin-Off of Advanced Materials Unit to Unlock Shareholder Value
Following the path of industrial giants 3M (MMM, Financial) and GE Aerospace (GE, Financial), Honeywell (HON, Financial) is set to streamline its operations by spinning off business units that do not align with its long-term growth strategy. Honeywell announced plans to spin off its Advanced Materials business into a new publicly traded company by late 2025 or early 2026, aiming to enhance shareholder value.
Honeywell Plans Spinoff of Advanced Materials Unit
Honeywell (HON) shares are rising 3% in premarket trading after the conglomerate said it plans to spin off its Advanced Materials division as it joins its peers in pursuing a more focused strategy.
Lockheed's Unit Secures a Contract for Czech Republic's F-35 Integration
LMT's unit secures a $422.2 million contract to provide key services for the integration of Czech Republic into the F-35 Joint Strike Fighter program.
Apex Critical Metals Corp. Completes Private Placement of Flow-Though Units for Proceeds of $392,749.50
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / September 24, 2024 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce that it has completed a non-brokered private placement (see the Company's news release dated July 5, 2024), by issuing a total of 604,230 flow-through units (each, a "FT Unit") at a price of $0.65 per FT Unit for aggregate gross proceeds of $392,749.50 (the "Offering"). Each FT Unit is comprised of one common share in the capital of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one common share purchase warrant (each, a "Warrant") issued on a non-flow-through basis.
Lockheed Martin's Unit Secures Contract for CH-53K Gearbox Assemblies
LMT's unit, Sikorsky Aircraft, secures an $84.26 million contract to supply eight gearbox assemblies for the CH-53K helicopters.
