Sentences with phrase «return capital to shareholders if»

In a business where the management team can choose to return capital to shareholders if returns available are not adequate, we think at worst the business is worth book value.

In a business where the management team can choose to return capital to shareholders if returns available are not adequate, we think at worst the business is worth book value.

Not exact matches

Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.

In the long run companies must create enough cash flow to pay expenses, invest in the future (capital expenditures), service their debt (if any), and return money to shareholders.

If you have an ownership stake in a fantastic business with great returns on capital, a strong competitive position that makes it difficult to unseat in its given sector or industry, and a board of directors that is shareholder - friendly, it shouldn't cause you any particular distress to watch your holdings decline by 50 percent or more on paper.

If these companies have capital to allocate, and can't reinvest it attractively in the business, make sensible acquisitions with it or pay down debt, they have to either keep it around as cash equivalents or return it to shareholders.

If shareholders approve the sale of the stake to TCCC, CCA expects returns in Indonesia to cover cost of capital by 2020.

Assuming the company decides not to pay a dividend to the shareholders (so the shareholders can reinvest the money themselves), financial managers within Pfizer must identify new projects that offer a higher rate of return than what they could get if they simply invested the money in the financial market (this being the opportunity cost of capital).

If those reserve requirements change then the potential capital returned to shareholders will be reduced.

Tax policy can also influence how companies choose to return cash to shareholders — if dividends are taxed at a higher rate than capital gains, this creates incentives to return cash via buybacks and debt reduction.

If you're invested in stocks, low interest rates typically boost the stock market because cheap capital allows companies to boost their bottom lines, which in turn boosts shareholder returns.

Only time will tell if I decide to add to this position but I love seeing the company continue to return capital to its shareholders.

If the money is paid out to shareholders as a return of capital.

Once (or should I say if) this pension / labour dispute is put to rest, I'd actually expect a rapid & substantial improvement in shareholder value — this might be a substantial return of capital or a tender offer (to distribute surplus cash), and / or a potential new partnership or even a takeover offer..?!

If these companies have capital to allocate, and can't reinvest it attractively in the business, make sensible acquisitions with it or pay down debt, they have to either keep it around as cash equivalents or return it to shareholders.

If we hope to see the present value gap eliminated, and Argo's intrinsic value increased, we need to see: i) a significant level of (new) fund - raising, ii) a return of surplus capital to shareholders (via a value - enhancing share tender / buyback), or iii)(ideally) both!

In fact, the return of capital via a tender offer should also provide further reassurance: Shareholders could be unfairly penalised if they accepted a tender offer based on incomplete info, and / or an NAV per share that did not represent market values for all assets (& liabilities)-- potentially exposing the board / company to legal action.

All these look good for Kingspan, so if they utilised their «surplus» cash on an acquisition (for example), I see no risk / impairment to the business (& no impact on their usual working capital cycle)-- and obviously the return for shareholders should be far superior to an effective zero rate on idle cash!

For instance, if the shareholder sells its shares, the ETF just transfers them to the buyer, while the CEF has to create a capital in this case, because it have to sell the shares in order to return money back to the seller.

If you have a direct / indirect shareholding in Argo Group (large or small), and would also like to see a substantial return of capital to shareholders, please email me at [email protected]

If the fund's distributions exceed its taxable income and capital gains realized during a taxable year, all or a portion of the distributions made in the taxable year may be recharacterized as a return of capital to shareholders.

If a fund's distributions exceed its taxable income and capital gains realized during a taxable year, all or a portion of the distributions made in the taxable year may be recharacterized as a return of capital to shareholders.

Forgone capital expenditure can be used to increase shareholder cash returns — buybacks if management believes that the company is undervalued, dividends if not.