Today on Channelchek

Posted on March 5, 2019May 4, 2022 by Admin

Great Panther Completes Acquisition of Beadell.

Name Changed to Great Panther Mining Limited… More

Entravision Radio Stations Now Streaming on iHeartRadio.

A diversified global media and advertising technology company serving Latino consumers, today announced that…

More

Big Pharma’s Hunt for New Drugs Is Pushing Up Cost of Deals.

Acquisitions of American biotech companies are surging, and so are the prices that buyers are willing to pay. More

Aurania’s Events During PDAC 2019. Aurania Resources Ltd. is attending the PDAC 2019 International Convention being held March 3 – March 6 in Toronto, Canada. More

Genco Shipping & Trading Limited Announces Fourth Quarter Financial Results.
The largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, today reported its financial results for the three months and twelve months ended December 31, 2018. More

How Will the Current M&A Frenzy in the Mining Industry Impact Investors? On February 25, Barrick Gold announced a hostile $17.8 billion bid for Newmont Mining… More

E. W. Scripps (SSP) Cutting through the noise. More

Research – E.W. Scripps (SSP) – Raising Price Target

Posted on March 5, 2019May 4, 2022 by Admin

Monday, March 5, 2019

E.W. Scripps (SSP)

Cutting through the noise.

The E.W. Scripps Co.
(www.scripps.com) serves audiences and businesses through a growing portfolio
of television, print and digital media brands. After approval of its
acquisition of two Granite Broadcasting stations later this year, Scripps will
own 21 local television stations as well as daily newspapers in 13 markets
across the United States

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Q4 results
largely in line with raised expectations. The company overachieved revenues with the largest
upside variance in its lower margin National Media division. The influx of
Political advertising was already baked in. As such, Q4 adjusted EBITDA was
slightly lower than expected.
First quarter
guidance is slightly better than our expectations. Reflecting the company’s acquisition of Triton, we are
raising our Q1 2019 revenue and cash flow estimate to $286.5 million and $27.2
million from $276.1 million and $25.5 million, respectively. The biggest
variance to our es…GO TO FULL REPORT

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*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
making any investment decision.

NobleConXV Panel – Marketing Early-Stage Natural Resource Companies to Investors

Posted on March 5, 2019May 4, 2022 by Admin

Voices of Experience: Marketing Early-Stage Natural Resource Companies to Investors.

We would like to invite you to watch the Natural Resources panel from NobleConXV (
January, 2019), hosted by Noble Capital Market’s two senior natural resource equity analysts, Mark Reichman and Michael Heim. This panel focuses on the challenges early-stage exploration companies face when raising capital in the public market and how to overcome these challenges. Mr. Reichman and Mr. Heim question five executives of exploration stage mining and oil and gas companies on alternative ways to raise money, the importance of a strong management team/board, the future of commodity prices, government influence/risks, technical reports, and other topics.

Panelists

• Dr. Keith Barron, Chairman and Chief Executive Officer, Aurania Resources Ltd. (TSXV: ARU)

• Mr. Gregory Crowe, President, Chief Executive Officer
and Director, Silver One Resources Inc. (TSXV: SVE)

• Mr. Henk van Alphen, Chief Executive Officer and Director, Wealth Minerals Ltd. (
TSXV : WML)

• Mr. John Brda, President
and Chief Executive Officer, Torchlight Energy Resources, Inc. (NASDAQ: TRCH)

• Mr. Douglas Bartole, President and CEO, InPlay Oil Corp. (TSXV: IPO)

Click here to watch the panel presentation

Research – Tegna (TGNA) – Looking towards subscriber growth in 2019

Posted on March 4, 2019May 4, 2022 by Admin

Monday, March 4, 2019

Tegna, Inc. (TGNA)

Subscribers count; why this matters.

TEGNA Inc., a media
company, operates a portfolio of broadcast stations and digital sites; and
provides marketing service solutions for businesses. The company operates 46
television stations in 38 markets that produce local programming, such as news,
sports, and entertainment. Its marketing services business provides solutions
for clients on multiple channels, including broadcast, online, and OTT.

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Better than
expected. The company reported fourth quarter results in line
with previous guidance, exceeding our recently lowered expectations, which
anticipated an impact from refunds in one of its subsidiaries. Revenues were up
31% and cash flow was up a strong 63%, above our 29% and 43% growth
expectations, respectively. Revenues would have been up a stronger 33% without
the revenue impact of the refunds.
Stronger
subscription revenue. Total revenues of $642.1 million came in 1.2% higher
than our $634.4 million estimate, with cash flow (EBITDA) 4.3% higher, at
$273.1 million versus our $261.7 million estimate. Subscription revenue was an
unexpected surprise at $218.5 million versus our $207.3 million estimate, as
total subsc…

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Research – Great Panther Silver (GPL) – Expectations in line

Posted on March 4, 2019May 4, 2022 by Admin

Monday, March 4, 2019

Great Panther Silver (GPL)

Fourth Quarter and Full Year 2018 Results In Line With Expectations.

Great Panther Silver
Ltd is a precious metals mining and exploration company. It owns two mines
Topia and Guanajuato Mine Complex (GMC). The Topia operations produce silver,
gold, lead, and zinc whereas the GMC operation produces silver and gold.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

GPL reports fourth quarter and full year 2018 results. In line with our estimates, GPL reported a fourth
quarter net loss of $3.6 million, or ($0.02) per share and a full year net loss
of $10.0 million, or ($0.06) per share. Great Panther generated fourth
quarter and full year negative adjusted EBITDA of $3.3 million and $6.4
million, respectively.
Beadell Resources acquisition to close shortly. With all shareholder and final court approvals received,
management expects to close the acquisition on March 5th. Based on GPL’s
recent closing price, the company would have a pro forma market cap of ~$241
million and an enterprise value of ~$252 million. The company’s name will
cha…

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Research – Kratos Defense (KTOS) – Acquisition announced

Posted on March 1, 2019May 4, 2022 by Admin

Friday, March 1, 2019

Kratos Defense & Security Solutions, Inc. (KTOS)

Drones, drones and more drones to drive 2019; acquisition announced.

Kratos Defense &
Security Solutions, Inc. provides engineering, information technology (IT)
services, and warfighter solutions primarily in the United States. It operates
in two segments, Kratos Government Solutions (KGS) and Public Safety and
Security (PSS).

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Results for 2019 are expected to start off slow
but then build throughout the year. The first quarter will be impacted by the
partial government shutdown which delayed certain domestic and Foreign Military
Sales contract awards and export license approvals required for international
sales. FTT will add roughly one month to sales for the quarter. We are
projecting the quarter to be similar to the first quarter of 2018, with revenue
of $150 million, adjusted EBITDA of $11.5 million, and EPS of $0.01.
We believe the pace of business will pick up
throughout the year, especially on the drone side of the company. We see
organic growth north of 10% with FTT contributing $45 million for the year. We
are projecting 2019 revenue of $725 million, adjusted EBITDA of $73.6 million,
and EPS of $0.21 per share. We would note, there is potential upside toour
numbers as we have not included any potential UAS tactical revenue in our
forecasts, nor have we included and potential upside from hypersonic and
ballistic missile opportun…

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Research – Gray Television (GTN) – 2018 full year results

Posted on March 1, 2019May 4, 2022 by Admin

Friday, March 1, 2019

Gray Television (GTN)

Politically speaking.

Gray Television, Inc.
operates as a television broadcast company in the United States. As of April 6,
2010, it operated 36 television stations in 30 markets, including 17 affiliated
with CBS Inc.; 10 affiliated with the National Broadcasting Company, Inc.; 8
affiliated with the American Broadcasting Company (ABC); and 1 affiliated with
FOX Entertainment Group, Inc. (FOX).

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Record quarter. The company exceeded our Q4 adj. cash flow (EBITDA)
expectations on record revenues, bolstered by higher than expected political
revenues of $83.2 million versus our $81.6 million estimate. The company also
highlighted the Raycom acquisition, expected cost synergies, and provided 1Q
2019 guidance.
Q4 Revenue and EBITDA
come in strong. Record revenues in Q4 2018 of $328.2 million exceeded
our estimates of $321.1 million. Full year 2018 revenues were $1.084 billion.
Q4 Adj. EBITDA of $163.5 million beat expectations by 5.4% compar…

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Research – Avino Silver (ASM) – Increasing 2019 estimates

Posted on March 1, 2019May 4, 2022 by Admin

Friday, March 1, 2019

Avino Silver & Gold Mines Ltd. (ASM)

ASM Modestly outperforms in 2018; increasing 2019 estimates.

Avino Silver &
Gold Mines Ltd. engages in the acquisition, exploration, development,
production, and sale of mineral properties in Canada and Mexico. It primarily
explores for gold, silver, copper, zinc, and lead deposits.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

ASM reports fourth quarter and full year results. Avino reported fourth quarter net income of $981
thousand, or $0.02 per share, and full year net income of $1.6 million, or
$0.03 per share. Fourth quarter and full year EBITDA amounted to $1.7
million and $6.1 million, respectively. We had expected fourth quarter
and full year EPS of $0.00 and $0.02, respectively. The variance to our
estimate was due, in part, to lower than expected costs, including general and
administrative expense. Full year revenues of $34.1 million were roughly
in line with our $34.2 million estimate.
Updating estimates. We are increasing our 2019 EPS estimate to $0.07 from $0.05
and initiating a 2020 estimate of $0.10 per share. We forecast 2019 and
2020 EBITDA of $11.8 million and $14.5 mil…

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Research – Ducommun (DCO) – 2018, the inflection year

Posted on March 1, 2019May 4, 2022 by Admin

Friday, March 01, 2019

Ducommun (DCO)

2018: The inflection year.

Ducommun Inc is a
leading global provider of engineering & manufacturing services for
high-performance products & high-cost-of failure applications used
primarily in the aerospace and defense, industrial, medical & other industries.

Christian Herbosa, Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Q4 Revenue Gets a
Boost. Fourth quarter revenues of $164.2 million beat our
estimates of $160 million and were were a 15.4% or $21.9 million increase over
Q4 2017. This revenue growth was strongly boosted by a $17 million increase in
sales from the the commercial aerospace end markets, which includes the Boeing
737 and Airbus A320 revenue ramp.
Restructuring
Plan Completed. The restructuring plan, which was initiated in Q4 of
2017, aimed to streamline operations, improve capacity utilization, and enhance
margins. With its completion this quarter, the company is already halfway to
its cost savings goals in 2018, and is on track to achieve its ann…

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News – Merger Mania Hits the Mining Space

Posted on March 1, 2019May 4, 2022 by Admin

How Will the Current M&A Frenzy in the Mining Industry Impact Investors?

(Note: related companies are at base of the story and all the
sources listed in the “Balanced” section)

On
February 25, Barrick Gold announced a hostile $17.8 billion bid for Newmont
Mining. This follows Barrick’s purchase
of Randgold Resources which closed in January.
Newmont is in the process of acquiring Goldcorp Inc. and Barrick’s offer
is contingent on Newmont abandoning its plans to acquire Goldcorp. These transactions follow several other
recent transactions in the mining space.
Will there be more consolidation and what are the implications for precious
metals investors?

News – Electric Cars: Time to plug in?

Posted on February 28, 2019 by Admin

The Future of Cars: Model 3 or Model T?

(Note: all the sources
listed in the “Balanced” section)

The Machine That
Changed the World. In July of 1894, the city of Paris hosted what must have been for its time one of the most peculiar events ever to take place: a race of “horseless carriages”. Entrants included vehicles powered by steam, petrol, compressed air, hydraulics, and electricity. The event attracted massive crowds, who lined the 78-mile course from Paris to Rouen. Out of the 102 entrants, only 21 qualified for the race and even fewer finished. Nevertheless, onlookers were rewarded with the opportunity to witness a proud moment for the machine that would change everything. The carriage powered by the internal combustion engine won this race and was chosen to be the machine to replace horses as the propulsion of the future. The petroleum-powered automobile became a foundational pillar for the social and economic infrastructure of the twentieth century. Meanwhile, the electric carriage never even made it to the starting line. However, since that summer over a century ago advances in battery technology have finally made the electric motor a viable alternative. In recent years we’ve seen a big push for electric cars, but the impact of electric cars will have on our lives has yet to be determined. ¹

Research – Tegna (TGNA) – Earnings Preview

Posted on February 27, 2019May 4, 2022 by Admin

Wednesday, February 27, 2019

Tegna, Inc. (TGNA)

A strong quarter expected, but with a caveat.

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

Q4 preview. The company is expected to report a strong quarter, with revenues up an estimated 29% and cash flow up 43%, a reflection of very strong Political advertising. The results, however, are expected to be shy of the company’s guidance which anticipated 30% to 32% revenue growth. The company will report Q4 results on Friday, March 1st.
Q4 impact from Premion. We believe that the quarter will be adversely impacted by refunds at its Premion subsidiary, which did not deliver ads correctly. The company indicated that the issue affected up to 17% of the division’s total revenue, or $12.8 million, based on our estimates. Our revised Q4 revenue and cash flow estima…

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