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OK Bluto ! Get back to your Animal House!
POAHY
AHI ratcheting up into closing bell.
Let's go OLB !
Let's go OLB !
Just bought a few. She'll run well into the 2's tomorrow!
SEPTEMBER > PORSHE > IPO > GOING TO BE HUGE!
Sports car brands can achieve higher valuations than traditional auto makers. Ferrari (RACE) stock, for instance, trades for about 35 times estimated 2023 earnings. Volkswagen stock trades for about five times.
Porsche SE Could Become a More Attractive Investment -- Market Talk
2:08 am ET August 19, 2022 (Dow Jones) Print
0607 GMT - Volkswagen's biggest shareholder, Porsche SE, so far is a passive holding company with high litigation claims and not an attractive investment, though the company might be changing into an actively managed holding amid the potential stock-market listing of the German auto maker's sports-car brand Porsche AG, analysts at Jefferies say in a research note. While Porsche SE has so far made only very limited efforts to diversify its assets, it looks set to acquire a stake in Porsche AG in the case of an IPO, the analysts say. "This would be positive, opening the possibility that Porsche SE could become an actively managed vehicle to grow and diversify family wealth like Exor has been for the Agnelli family," they say. (kim.richters@wsj.com)
(END) Dow Jones Newswires
August 19, 2022 02:08 ET (06:08 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Porsche's initial public offering is getting close. It's going to be big.
POAHY
Porsche Could Be Worth as Much as All of Volkswagen in an IPO -- Barrons.com
8:15 am ET August 26, 2022 (Dow Jones) Print
Al Root
Porsche's initial public offering is getting close. It's going to be big.
Friday, Bloomberg reported that Porsche has lined up investor interest for a deal. Building out a book of investors who will buy shares is part of the process in any stock offering.
Volkswagen (ticker: VOW3. Germany), which controls the Porsche brand, didn't immediately respond to a request for comment.
Porsche Automobil Holding SE (PAH3. Germany) is a listed company that holds 53.3% of the ordinary stock in Volkswagen. It is a long-term investor in Volkswagen.
Porsche AG, meanwhile, is the entity that makes, well, Porsches. Porsche AG will be the company raising money by selling shares. Volkswagen will likely retain a stake in the maker of iconic sports cars.
The IPO is one potential way to unlock some of the value of one of Volkswagen's brands for Volkswagen investors. Along with Porsche, Volkswagen makes Lamborghinis, Bugattis, and Bentleys, among other vehicles.
Sports car brands can achieve higher valuations than traditional auto makers. Ferrari (RACE) stock, for instance, trades for about 35 times estimated 2023 earnings. Volkswagen stock trades for about five times.
The IPO is slated for September, according to Bloomberg, and the valuation could hit $60 billion to $85 billion. For context, Volkswagen has a market capitalization of about $85 billion, so the upper end of the Porsche valuation range is the same as the entire valuation for VW these days.
With the car business, sometimes less is more. Ferrari has a market cap of roughly $37 billion. It delivered about 11,000 cars in 2021, for a valuation of roughly $3.3 million a car. Porsche delivered about 300,000 cars that same year. At $85 billion, Porsche stock would be valued at about $280,000 a car. VW delivered more than 7.7 million. It is valued at about $11,000 a car sold.
VW stock was up about 1.3% in overseas trading early on Friday. It's a positive reaction, but it isn't huge because the market has expected the IPO for a while. Futures on the S&P 500 and Dow Jones Industrial Average were down 0.3% and 0.2%, respectively.
Write to Al Root at allen.root@dowjones.com
(END) Dow Jones Newswires
August 26, 2022 08:15 ET (12:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
The OLB Group Inc (NASDAQ: OLB) shares are trading higher Monday after the company announced it has entered into a collaboration for exclusive licensing and transaction sharing with Cuentas to upgrade its Bodega network and help the company evolve into financial centers.
Cuentas' collaboration with OLB enables the company to provide new POS systems in locations for users to load cash on their mobile app and digital wallet among other financial mobile apps associated with major U.S. brands.
The collaboration includes a revenue share for profits resulting from the sale or rental of OLB point-of-sale devices, as well as for the sale of digital e-gift content and gaming for domestic and international wireless services.
"We at OLB Group see the opportunity to expand our merchant services base in a market that we currently don't have a footprint and also provide existing products and services to those bodegas and convenient stores as additional stream for revenues besides the 10,500 merchants that we currently service", said Ronny Yakov, CEO of OLB Group.
The OLB Group is a fintech e-commerce merchant services provider and Bitcoin (CRYPTO: BTC) crypto mining enterprise.
See Also: Khiron Q2 Revenue Grows 60% YoY, Despite Decline In Medical Cannabis Sales In Germany
OLB Price Action: OLB has a 52-week high of $2.79 and a 52-week low of 83 cents.
The stock was up 24.6% at $2.11 at press time, according to Benzinga Pro.
Nice AHI ..... Hope you're makin bank!
HUGE > Estate Holdings, Inc. (“DREH”), a wholly owned subsidiary of DMINT, Inc., a wholly owned subsidiary of the Company (“DMINT”) which is a wholly owned subsidiary of The OLB Group, Inc. (the “Company”) entered into a Contract for Sale of Realty (the “Contract”) related to the purchase of property. DREH closed the purchase of 4.73 acres of land and a building located at 565 Industrial Park Drive, Selmer, McNairy County, Tennessee for a purchase price of $408,000.00. DMINT intends to convert the building into a cryptocurrency mining data center powered on the local power grid. The location is expected to have capacity for up to 9,000 cryptocurrency mining machines.
Billionaire Ron Baron Is 'Incredibly Bullish' On Tesla, SpaceX And This Apparel Company He Calls 'The Lululemon Of Healthcare'
4:28 pm ET August 25, 2022 (Benzinga) Print
There aren't many investors with a 20-year time horizon at the age of 79, but that's exactly how far billionaire investor Ron Baron is looking ahead, and it's safe to say he's optimistic about what's to come.
"I am incredibly bullish for my children, for my grandchildren and for me for the next 20 years," Baron said Thursday on CNBC's "Squawk Box."
Baron's Thesis: Baron told CNBC that from the year 0 to the year 1500, the size of the economy and the amount of people doubled. Following the Industrial Revolution around 1800, the economy went up by a factor of 100 over the next 200 years.
"Over the last 50 years, the growth is accelerating. And it's going to accelerate even further because now you have the digitization of everything taking place," Baron said.
What Baron Is Buying: The longtime Tesla Inc (NASDAQ: TSLA) bull's most recent purchases include an additional $100 million investment in Elon Musk's SpaceX and an investment in healthcare apparel company FIGS Inc (NYSE: FIGS).
"FIGS, you haven't heard very much about, but you will soon. It's the Lululemon of healthcare and we invested about $100 million there," Baron said.
FIGS, you haven't heard very much about, but you will soon. It's the Lululemon of healthcare and we invested about $100 million there," Ron Baron said.
Freyr Battery Stock Climbs. Goldman Sees an Inflation Reduction Act Winner. -- Barrons.com
3:52 pm ET August 25, 2022 (Dow Jones) Print
By Angela Palumbo
Add one more company to the list of those that stand to benefit from the Inflation Reduction Act: Freyr Battery.
Goldman Sachs analyst Philipp Konig upgraded his rating of the lithium-ion battery maker to Buy from Neutral, lifting his 12-month target for the stock price to $19 from $11. Konig cited benefits from the new law, which includes various incentives to encourage the use of green technology, a partnership to build a new factory, and the performance of Freyr's (ticker: FREY) existing plant in Norway.
Konig wrote in his research note that Freyr is planning to build a factory in the U.S. together with investment partner Koch Strategic Platforms. Production is set to start in 2025.
"Looking at the different sections of the IRA, we see strong benefits for both the supply and demand of lithium-ion batteries," Konig said, referring to the climate bill President Joe Biden signed into law earlier this month. The legislation includes a range of tax credits and rebates to encourage households to buy and use clean energy, including owning electric vehicles.
Konig noted that Freyr already has Giga Arctic, which he said is "set to be most capital efficient and sustainable gigafactory in the world." The factory is located in Norway, which Konig said is a strategic location that "offers access to the most cost competitive and sustainable energy sources globally."
Shares for Freyr soared 17% Thursday to $12.39. The stock has climbed 11% in 2022.
Other clean-energy stocks, specifically those in the solar-energy space such as First Solar (FSLR) and Array Technologies (ARRY), have also benefited from the Inflation Reduction Act.
Write to Angela Palumbo at angela.palumbo@dowjones.com
(END) Dow Jones Newswires
Picked up a few 8.60' s > Big bounce back to double digits !!!!!
STBX
LET'S GO FIGS !!!!!
Tutes, pension plans, endowment funds, and mutual funds accumulating FIGS shares.
Let's go FREY !!!!!
FREY is all about solutions. Too many issues/headaches. Look to FREY to solve the myriad of lithium battery questions.
FREY is a great $$$$$ opportunity.
FREYR Battery Enters Strategic Partnership with Hana Technology
5:59 am ET August 24, 2022 (BusinessWire) Print
FREYR Battery (NYSE: FREY) ("FREYR" or the "company"), a developer of clean, next-generation battery cell production capacity, has awarded a strategic alliance frame agreement to South Korea-based Hana Technology Co. Ltd ("Hana Technology"). Together, the two companies will jointly develop equipment and automation solutions for FREYR's Customer Qualification Plant ("CQP") in Mo i Rana, Norway, as well as for FREYR's planned Gigafactories.
Hana Technology develops precision automation solutions for battery facilities and other industrial operations. This strategic alliance frame agreement will enable FREYR and Hana Technology to customize and co-develop solutions for the CQP, including joint development projects such as quality control equipment, aging time reductions, and artificial intelligence updates to systems to reduce waste.
"We selected Hana Technology due to their proven track record with major Korean battery manufacturers. We also experienced, as part of our tender process, that they have the best technical solution to meet our needs for clean battery cell production. We aim to collaborate and co-create with them, ensuring that we move with speed and scale quickly, and make strides towards our goal to become one of the most sustainable battery producers in the world," says Tom Einar Jensen, CEO for FREYR.
Hana Technology is a pre-qualified vendor of 24M Technologies, Inc. ("24M"), the maker of the 24M SemiSolid(TM) production platform which enables lower-cost and more sustainable lithium-ion battery production. FREYR has licensed the 24M platform with the ambition to reduce the steps in the battery cell manufacturing process and subsequently reduce carbon emissions.
"FREYR's ambition to build sustainable and efficient battery production facilities is well aligned with our areas of expertise. By joining forces and co-creating technical solutions for their planned Gigafactories and for the FREYR CQP that is now underway, we aim to elevate the standards for clean, cost-efficient battery cell technology, moving fast together to meet the growing, global battery demand," says Insik Lee, Managing Director, Hana Technology.
As part of the strategic alliance frame agreement, Hana Technology will specifically support on areas including pouch assembly, formation and aging, inspection, grading, packaging, as well as scrap-discharge equipment for FREYR's Gigafactories. Hana Technology will also collaborate with FREYR to review, develop, and improve its technical documentation.
"Our bold ambitions require experienced partners, such as Hana Technology. We have secured three years of their expertise and capabilities through this agreement, with the option to extend if needed. This is yet another step towards securing the capacity we need as we head towards initial production - according to our timeline," adds Jensen.
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR's mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com
About Hana Technology
Hana Technology is one of the innovative companies for battery automation production equipment over 20 years in Korea.
Based on expertise of battery assembly equipment technology, we have broadened it to formation equipment as well. Hana Technology is focusing on expand capacity and core technology which make sure our client's production efficiency and quality battery production.
Hana Technology prioritize unique design solution, securing delivery and special maintenance so that our partner could ensure production schedule. Qualified reference in market with top tier battery manufacturer in the world could lead Hana Technology to next level in the state-of-the-art technology.
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the two companies' ability to jointly develop equipment and automation solutions for FREYR's CQP and planned Gigafactories; Hana Technology's ability to meet FREYR's needs for clean battery production; FREYR's ambition to become one of the most sustainable battery producers in the world; and the 24M platform's ability to reduce the steps in the battery cell manufacturing process and reduce carbon emissions are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR's control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the "Risk Factors" section in (i) FREYR's Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and (ii) FREYR's annual report on Form 10-K filed with the SEC on March 9, 2022, and available on the SEC's website at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220824005352/en/
SOURCE: FREYR Battery
Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
jeffrey.spittel@freyrbattery.com
Tel: (+1) 281-222-0161
Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
katrin.berntsen@freyrbattery.com
Tel: (+47) 920 54 570
comtex tracking
COMTEX_412943142/1006/2022-08-24T05:59:00
Good interview!
FIGS moving up in premarket. Ron Barron on CNBC , accumulating shares!!!!!
I like the PT's > 15.00+
Super low float > huge accumulation in process!
NERV > gangbusters!!!!!
NERV & AYLA > ratcheting upwards!
LET'S SEE 10.00+ TODAY!!!!!
Pension plans, endowment funds, & mutual funds buying this week.
You can bet scores of Cohen's clients loading NERV.
NERV > getting hysterical, jumpy, & excitable!!!!! LET'S GO NERV!
Technical & fundamental catalysts > $$$$$ > NERV
Point72 Asset Management reported an 8.8% passive stake in Minerva.
Point72 is a global asset management firm led by Steven A. Cohen that invests in multiple asset classes and strategies worldwide. We are constantly pursuing innovation in our investing processes to deliver on our mission of producing superior risk-adjusted returns.
Keeps ratcheting upwards!
AYLA up 24% @ 1.67
Noble Financial analyst Robert LeBoyer reiterated a Buy rating on Ayala Pharmaceuticals (AYLA – Research Report) today and set a price target of $12.00. The company's shares closed last Tuesday at $1.69, close to its 52-week low of $0.70. According to TipRanks.com, LeBoyer is a 4-star analyst with an average return of 8.9% and a 33.6% success rate. LeBoyer covers the Healthcare sector, focusing on stocks such as Lineage Cell Therapeutics, Onconova Therapeutics, and PDS Biotechnology. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ayala Pharmaceuticals with a $15.00 average price target.
https://www.tipranks.com/news/blurbs/noble-financial-thinks-ayala-pharmaceuticals-stock-is-going-to-recover-2?utm_source=advfn.com&utm_medium=referral
Ayala Pharmaceuticals Selected to Present Efficacy and Tolerability Data on AL102 in Desmoid Tumors at the European Society for Medical Oncology (ESMO) 2022 Congress
8:00 am ET August 24, 2022 (Globe Newswire) Print
EQNX::TICKER_START (NasdaqGM:AYLA), EQNX::TICKER_END Ayala Pharmaceuticals, Inc. (Nasdaq: AYLA), a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare and aggressive cancers, today announced that data on the efficacy and tolerability of investigational new drug AL102 from Part A of the Phase 2/3 RINGSIDE study will be presented in an oral presentation at the European Society for Medical Oncology (ESMO) Congress, to take place September 8-13, 2022 in Paris, France.
The presentation details follow:
Abstract Title: Initial Results of Phase 2/3 Trial of AL102 for Treatment of Desmoid Tumors (DT)
Presentation Number: 1488MO
Session Type: Mini Oral Session
Session Title: Sarcoma
Session Date and Time: Monday, September 12, 2022, at 2:45 pm CEST / 8:45 am EDT
About the RINGSIDE study
The RINGSIDE pivotal Phase 2/3 study is a randomized multi-center trial. Part A of the study is evaluating the efficacy, safety, tolerability, and tumor volume by MRI after 16 weeks of AL102 in adult patients with desmoid tumors. It enrolled 42 patients and is evaluating 3 doses of AL102. Patients who participated in Part A will be eligible to enroll into an open-label extension study at the selected Part B dose, and long-term efficacy and safety will be monitored. Part B of the study will be double-blind, placebo-controlled, and will start immediately after dose selection from part A, enrolling up to 156 adult and adolescent patients with progressive disease, randomized between AL102 or placebo. The study's primary endpoint is progression-free survival (PFS) with secondary endpoints including objective response rate (ORR), duration of response (DOR), and patient-reported Quality of Life (QOL) measures.
For more information on the RINGSIDE Phase 2/3 study with AL102 for the treatment of desmoid tumors, please visit ClinicalTrials.gov and reference Identifier NCT04871282 (RINGSIDE).
About Desmoid Tumors
Desmoid tumors also called aggressive fibromatosis or desmoid-type fibromatosis, are rare connective tissue tumors that typically arise in the upper and lower extremities, abdominal wall, head and neck area, mesenteric root, and chest wall with the potential to arise in additional parts of the body. Desmoid tumors do not metastasize, but often aggressively infiltrate neurovascular structures and vital organs. People living with desmoid tumors are often limited in their daily life due to chronic pain, functional deficits, general decrease in their quality of life and organ dysfunction. Desmoid tumors have an annual incidence of approximately 1,700 patients in the United States and typically occur in patients between the ages of 15 and 60 years. They are most commonly diagnosed in young adults between 30-40 years of age and are more prevalent in females. Today, surgery is no longer regarded as the cornerstone treatment of desmoid tumors due to high rate of recurrence post-surgery and there are currently no FDA-approved systemic therapies for the treatment of unresectable, recurrent or progressive desmoid tumors.
About Ayala Pharmaceuticals
Ayala Pharmaceuticals, Inc. is a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare tumors and aggressive cancers. Ayala's approach is focused on predicating, identifying and addressing tumorigenic drivers of cancer through a combination of its bioinformatics platform and next-generation sequencing to deliver targeted therapies to underserved patient populations. The company has two product candidates under development, AL101 and AL102, targeting the aberrant activation of the Notch pathway with gamma secretase inhibitors to treat a variety of tumors including Adenoid Cystic Carcinoma, T-cell Acute Lymphoblastic Leukemia (T-ALL), Desmoid Tumors and Multiple Myeloma (MM). AL101, has received Fast Track Designation and Orphan Drug Designation from the U.S. FDA and is currently in a Phase 2 clinical trial for patients with ACC (ACCURACY) bearing Notch activating mutations. AL102 is currently in a Pivotal Phase 2/3 clinical trials for patients with desmoid tumors (RINGSIDE). For more information, visit www.ayalapharma.com.
Contacts
Investors:
Joyce Allaire
LifeSci Advisors LLC
+1-617-435-6602
jallaire@lifesciadvisors.com
Ayala Pharmaceuticals:
+1-857-444-0553
info@ayalapharma.com