View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsAltius Renewable Royalties 향후 성장Future 기준 점검 2/6Altius Renewable Royalties의 수익이 증가할 것으로 예상됨입니다. 주당 순이익은 증가 연간 210.2%할 것으로 예상됩니다.핵심 정보n/a이익 성장률210.16%EPS 성장률Renewable Energy 이익 성장6.8%매출 성장률62.5%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트20 Nov 2024최근 향후 성장 업데이트Breakeven Date Change • Oct 19Forecast breakeven date moved forward to 2023The 7 analysts covering Altius Renewable Royalties previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$5.21m in 2023. Earnings growth of 87% is required to achieve expected profit on schedule.Breakeven Date Change • Mar 04Forecast breakeven date pushed back to 2024The 4 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$900.0k in 2024. Average annual earnings growth of 150% is required to achieve expected profit on schedule.Breakeven Date Change • May 09Forecast breakeven date moved forward to 2022The 5 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$1.38m in 2022. Earnings growth of 53% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 23Forecast to breakeven in 2023The 6 analysts covering Altius Renewable Royalties expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$2.75m in 2023. Average annual earnings growth of 69% is required to achieve expected profit on schedule.모든 업데이트 보기Recent updates공시 • Dec 06Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC completed the acquisition of 41.74% stake in Altius Renewable Royalties Corp. (TSX:ARR).Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC entered into a definitive arrangement agreement to acquire 41.74% stake in Altius Renewable Royalties Corp. (TSX:ARR) for approximately CAD 150 million on September 12, 2024. Under the terms of the agreement, Royal Aggregator will acquire all of the issued and outstanding common shares of the Altius Renewable Royalties, other than the 58.3% shares owned by Altius Minerals, for a cash consideration of CAD 12 per share. Following completion of the transaction, Northampton Purchaser will hold 41.7% of the issued and outstanding ARR Shares and Altius Minerals will indirectly hold 58.3% of the issued and outstanding ARR shares, based on the settlement of ARR dilutive. Post completion, Altius Renewable Royalties expects to be delisted from the TSX. In case of termination of transaction, Northampton Capital Partners LLC will pay a termination fee of $6.75 million (CAD 9.17622 million) and seller will pay a termination fee of $6.75 million (CAD 9.17622 million). The transaction is subject approval of offer by target shareholders, court and other approval, and other customary closing conditions. The Board of Directors of Altius Renewable Royalties Corp. formed a special committee for the transaction, based on the recommendation of which, the deal has been unanimously approved by the board. Shareholders holding approximately 81% of the ARR shares have entered into support agreements to vote in favor of the transaction. The transaction is expected to close in the fourth quarter of 2024. As of October 25, 2024, the hearing of the application for the final order is anticipated to take place before a justice of the Court of King’s Bench of Alberta on November 22, 2024. The transaction is expected to close on or around the end of November 2024. As of November 19, 2024, Altius Renewable announce that the shareholders of the Company have approved the transaction. As of December 2, 2024 Court of King’s Bench of Alberta has approved the application for the final order which approves statutory plan of arrangement pursuant to which Royal Aggregator LP will, among other things, acquire all of the issued and outstanding common shares of Altius Renewable Royalties Corp. National Bank Financial Inc. acted as fairness opinion provider and financial advisor to the special committee of ARR. McCarthy Tétrault LLP and Pierce Atwood LLP acted as legal advisor to ARR. John Kaercher, Zahra Usmani, Matt Nadworny, Jennifer Wang, David Wheat and Adam Nguyen of Kirkland & Ellis LLP and Mintz LLP acted as legal advisor to Northampton. TSX Trust Company acted as transfer agent to Altius Renewable Royalties Corp. Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC completed the acquisition of 41.74% stake in Altius Renewable Royalties Corp. (TSX:ARR) on December 4, 2024. As a result of the completion of the Arrangement, the Common Shares are expected to be delisted from the Toronto Stock Exchange within three business days of closing and no longer quoted on the OTCQX shortly thereafter.공시 • Dec 03Altius Renewable Royalties to be No Longer Publicly Held and the Common Shares to be Delisted from the Toronto Stock Exchange and No Longer Quoted on the OTCQXAltius Renewable Royalties Corp. ('ARR' or the 'Company') announced on December 3, 2024 that the Court of King's Bench of Alberta has approved the application for the final order which approves the previously announced statutory plan of arrangement pursuant to which Royal Aggregator LP (the 'Purchaser'), an affiliate of Northampton Capital Partners, LLC ('Northampton'), will, among other things, acquire all of the issued and outstanding common shares of ARR (each a 'Common Share') other than the 17,937,339 Common Shares (representing approximately 58.092% of the outstanding Common Shares) owned directly or indirectly by Altius Minerals Corporation ('Altius Minerals'), for a price of CAD 12.00 in cash per Common Share (the 'Arrangement'), on and subject to the terms of the Arrangement Agreement between the Company and the Purchaser dated September 11, 2024 (the 'Arrangement Agreement'). As all of the conditions precedent have been satisfied or waived, the parties will proceed towards closing the Arrangement, following which ARR will no longer be publicly held and the Common Shares will be delisted from the Toronto Stock Exchange and no longer quoted on the OTCQX shortly thereafter.공시 • Nov 15PenderFund Sends Letter to Altius Renewable RoyaltiesOn November 14, 2024, PenderFund Capital Management Ltd announced that it has sent a letter to Altius Renewable Royalties Corp detailing its concerns over a flawed process undertaken by the special committee to negotiate and approve the proposed take-private offer by Royal Aggregator LP, and filed its notice of intention to appear at the final order fairness hearing, re-affirms its intention to file its written objection and notice of dissent with respect to the transaction. In addition, PenderFund continues to urge the shareholders of the Company to vote against and to exercise dissent rights in respect of the Transaction.공시 • Sep 12Altius Renewable Royalties Expects to be Delisted from the TSX Following Completion of the TransactionAltius Minerals Corporation (‘Altius’ or the ‘Corporation’) reported that its approximately 58% owned subsidiary, Altius Renewable Royalties Corporation has announced that it has entered into a definitive arrangement agreement with an affiliate of Northampton Capital Partners, LLC (‘Northampton’) whereby Northampton will, subject to customary closing conditions, acquire all of the issued and outstanding common shares of the company other than those indirectly owned by Altius by way of a statutory plan of arrangement for cash consideration of CAD 12 per share for total consideration of approximately CAD 162 million (the ‘Transaction’). Altius has entered into a voting support agreement to vote its shares in favour of the Transaction, subject to certain customary exceptions. Following completion of the Transaction, which is expected to occur in the fourth quarter of 2024, the company expects to be delisted from the TSX and cease to be a reporting issuer, and upon closing will be held by Altius and Northampton on an approximately 57%-43% respective ownership basis.Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Karen Clarke-Whistler was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Jul 18Altius Renewable Royalties Corp. to Report Q2, 2024 Results on Aug 05, 2024Altius Renewable Royalties Corp. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024공시 • Apr 19Altius Renewable Royalties Corp. to Report Q1, 2024 Results on May 02, 2024Altius Renewable Royalties Corp. announced that they will report Q1, 2024 results After-Market on May 02, 2024공시 • Mar 09Altius Renewable Royalties Corp., Annual General Meeting, May 22, 2024Altius Renewable Royalties Corp., Annual General Meeting, May 22, 2024.New Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.4m free cash flow). Revenue is less than US$1m.공시 • Jan 20Altius Renewable Royalties Corp. to Report Q4, 2023 Results on Mar 06, 2024Altius Renewable Royalties Corp. announced that they will report Q4, 2023 results After-Market on Mar 06, 2024New Risk • Oct 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$300k net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding).New Risk • Oct 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$271k Forecast net loss in 1 year: US$290k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$290k net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding).Breakeven Date Change • Oct 19Forecast breakeven date moved forward to 2023The 7 analysts covering Altius Renewable Royalties previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$5.21m in 2023. Earnings growth of 87% is required to achieve expected profit on schedule.공시 • Oct 17Altius Renewable Royalties Corp. to Report Q3, 2023 Results on Nov 06, 2023Altius Renewable Royalties Corp. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023Breakeven Date Change • Mar 04Forecast breakeven date pushed back to 2024The 4 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$900.0k in 2024. Average annual earnings growth of 150% is required to achieve expected profit on schedule.공시 • Jan 26Altius Renewable Royalties Corp. to Report Q4, 2022 Results on Mar 01, 2023Altius Renewable Royalties Corp. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 01, 2023Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Earl Ludlow is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Sep 30Independent Director recently bought €59k worth of stockOn the 23rd of September, Andre Gaumond bought around 10k shares on-market at roughly €5.93 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €237k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Jun 15Independent Director recently bought €62k worth of stockOn the 13th of June, Andre Gaumond bought around 10k shares on-market at roughly €6.33 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €191k more in shares than they have sold in the last 12 months.Breakeven Date Change • May 09Forecast breakeven date moved forward to 2022The 5 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$1.38m in 2022. Earnings growth of 53% is required to achieve expected profit on schedule.Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Earl Ludlow is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 05Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.14 loss per share (up from US$0.15 loss in FY 2020). Net loss: US$3.42m (loss widened 73% from FY 2020). Revenue missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 4,279% compared to a 36% decline forecast for the industry in Germany.Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Earl Ludlow is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 10Third quarter 2021 earnings released: US$0.05 loss per share (vs US$0.021 loss in 3Q 2020)Third quarter 2021 results: Net loss: US$1.41m (loss widened 303% from 3Q 2020).Breakeven Date Change • Sep 23Forecast to breakeven in 2023The 6 analysts covering Altius Renewable Royalties expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$2.75m in 2023. Average annual earnings growth of 69% is required to achieve expected profit on schedule.Executive Departure • Aug 06Independent Director Judy Cotte has left the companyOn the 5th of August, Judy Cotte's tenure as Independent Director ended after less than a year in the role. As of March 2021, Judy still personally held only 3.60k shares (€26k worth at the time). Judy is the only executive to leave the company over the last 12 months.Reported Earnings • May 08First quarter 2021 earnings released: US$0.01 loss per share (vs US$0.11 loss in 1Q 2020)First quarter 2021 results: Net loss: US$130.9k (loss narrowed 71% from 1Q 2020).Reported Earnings • Mar 29Full year 2020 earnings released: US$0.15 loss per share (vs US$0.49 loss in FY 2019)Full year 2020 results: Net loss: US$1.98m (loss widened 31% from FY 2019).이익 및 매출 성장 예측DB:7VZ - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202619N/AN/AN/A112/31/202514N/AN/A1212/31/202412N/AN/A129/30/2024N/A-111N/A6/30/2024N/A-222N/A3/31/2024N/A-111N/A12/31/2023N/A-100N/A9/30/2023N/A-100N/A6/30/2023N/A000N/A3/31/2023N/A-1-1-1N/A12/31/2022N/A-1-1-1N/A9/30/2022N/A-2-2-2N/A6/30/2022N/A-3-2-2N/A3/31/2022N/A-4-1-1N/A12/31/2021N/A-3-1-1N/A9/30/20210-1-1-1N/A6/30/202100-1-1N/A3/31/20210-2-1-1N/A12/31/20200-2-1-1N/A9/30/20200-3-1-1N/A12/31/20190-2-1-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 7VZ 의 예상 수익 증가율이 절약률(1%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: 7VZ 의 수익이 German 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: 7VZ 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: 7VZ 의 수익(연간 62.5%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 7VZ 의 수익(연간 62.5%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 7VZ의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/12/05 18:35종가2024/12/05 00:00수익2024/09/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Altius Renewable Royalties Corp.는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Robert HopeScotiabank Global Banking and MarketJustin StrongScotiabank Global Banking and Market
Breakeven Date Change • Oct 19Forecast breakeven date moved forward to 2023The 7 analysts covering Altius Renewable Royalties previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$5.21m in 2023. Earnings growth of 87% is required to achieve expected profit on schedule.
Breakeven Date Change • Mar 04Forecast breakeven date pushed back to 2024The 4 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$900.0k in 2024. Average annual earnings growth of 150% is required to achieve expected profit on schedule.
Breakeven Date Change • May 09Forecast breakeven date moved forward to 2022The 5 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$1.38m in 2022. Earnings growth of 53% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 23Forecast to breakeven in 2023The 6 analysts covering Altius Renewable Royalties expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$2.75m in 2023. Average annual earnings growth of 69% is required to achieve expected profit on schedule.
공시 • Dec 06Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC completed the acquisition of 41.74% stake in Altius Renewable Royalties Corp. (TSX:ARR).Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC entered into a definitive arrangement agreement to acquire 41.74% stake in Altius Renewable Royalties Corp. (TSX:ARR) for approximately CAD 150 million on September 12, 2024. Under the terms of the agreement, Royal Aggregator will acquire all of the issued and outstanding common shares of the Altius Renewable Royalties, other than the 58.3% shares owned by Altius Minerals, for a cash consideration of CAD 12 per share. Following completion of the transaction, Northampton Purchaser will hold 41.7% of the issued and outstanding ARR Shares and Altius Minerals will indirectly hold 58.3% of the issued and outstanding ARR shares, based on the settlement of ARR dilutive. Post completion, Altius Renewable Royalties expects to be delisted from the TSX. In case of termination of transaction, Northampton Capital Partners LLC will pay a termination fee of $6.75 million (CAD 9.17622 million) and seller will pay a termination fee of $6.75 million (CAD 9.17622 million). The transaction is subject approval of offer by target shareholders, court and other approval, and other customary closing conditions. The Board of Directors of Altius Renewable Royalties Corp. formed a special committee for the transaction, based on the recommendation of which, the deal has been unanimously approved by the board. Shareholders holding approximately 81% of the ARR shares have entered into support agreements to vote in favor of the transaction. The transaction is expected to close in the fourth quarter of 2024. As of October 25, 2024, the hearing of the application for the final order is anticipated to take place before a justice of the Court of King’s Bench of Alberta on November 22, 2024. The transaction is expected to close on or around the end of November 2024. As of November 19, 2024, Altius Renewable announce that the shareholders of the Company have approved the transaction. As of December 2, 2024 Court of King’s Bench of Alberta has approved the application for the final order which approves statutory plan of arrangement pursuant to which Royal Aggregator LP will, among other things, acquire all of the issued and outstanding common shares of Altius Renewable Royalties Corp. National Bank Financial Inc. acted as fairness opinion provider and financial advisor to the special committee of ARR. McCarthy Tétrault LLP and Pierce Atwood LLP acted as legal advisor to ARR. John Kaercher, Zahra Usmani, Matt Nadworny, Jennifer Wang, David Wheat and Adam Nguyen of Kirkland & Ellis LLP and Mintz LLP acted as legal advisor to Northampton. TSX Trust Company acted as transfer agent to Altius Renewable Royalties Corp. Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC completed the acquisition of 41.74% stake in Altius Renewable Royalties Corp. (TSX:ARR) on December 4, 2024. As a result of the completion of the Arrangement, the Common Shares are expected to be delisted from the Toronto Stock Exchange within three business days of closing and no longer quoted on the OTCQX shortly thereafter.
공시 • Dec 03Altius Renewable Royalties to be No Longer Publicly Held and the Common Shares to be Delisted from the Toronto Stock Exchange and No Longer Quoted on the OTCQXAltius Renewable Royalties Corp. ('ARR' or the 'Company') announced on December 3, 2024 that the Court of King's Bench of Alberta has approved the application for the final order which approves the previously announced statutory plan of arrangement pursuant to which Royal Aggregator LP (the 'Purchaser'), an affiliate of Northampton Capital Partners, LLC ('Northampton'), will, among other things, acquire all of the issued and outstanding common shares of ARR (each a 'Common Share') other than the 17,937,339 Common Shares (representing approximately 58.092% of the outstanding Common Shares) owned directly or indirectly by Altius Minerals Corporation ('Altius Minerals'), for a price of CAD 12.00 in cash per Common Share (the 'Arrangement'), on and subject to the terms of the Arrangement Agreement between the Company and the Purchaser dated September 11, 2024 (the 'Arrangement Agreement'). As all of the conditions precedent have been satisfied or waived, the parties will proceed towards closing the Arrangement, following which ARR will no longer be publicly held and the Common Shares will be delisted from the Toronto Stock Exchange and no longer quoted on the OTCQX shortly thereafter.
공시 • Nov 15PenderFund Sends Letter to Altius Renewable RoyaltiesOn November 14, 2024, PenderFund Capital Management Ltd announced that it has sent a letter to Altius Renewable Royalties Corp detailing its concerns over a flawed process undertaken by the special committee to negotiate and approve the proposed take-private offer by Royal Aggregator LP, and filed its notice of intention to appear at the final order fairness hearing, re-affirms its intention to file its written objection and notice of dissent with respect to the transaction. In addition, PenderFund continues to urge the shareholders of the Company to vote against and to exercise dissent rights in respect of the Transaction.
공시 • Sep 12Altius Renewable Royalties Expects to be Delisted from the TSX Following Completion of the TransactionAltius Minerals Corporation (‘Altius’ or the ‘Corporation’) reported that its approximately 58% owned subsidiary, Altius Renewable Royalties Corporation has announced that it has entered into a definitive arrangement agreement with an affiliate of Northampton Capital Partners, LLC (‘Northampton’) whereby Northampton will, subject to customary closing conditions, acquire all of the issued and outstanding common shares of the company other than those indirectly owned by Altius by way of a statutory plan of arrangement for cash consideration of CAD 12 per share for total consideration of approximately CAD 162 million (the ‘Transaction’). Altius has entered into a voting support agreement to vote its shares in favour of the Transaction, subject to certain customary exceptions. Following completion of the Transaction, which is expected to occur in the fourth quarter of 2024, the company expects to be delisted from the TSX and cease to be a reporting issuer, and upon closing will be held by Altius and Northampton on an approximately 57%-43% respective ownership basis.
Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Karen Clarke-Whistler was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Jul 18Altius Renewable Royalties Corp. to Report Q2, 2024 Results on Aug 05, 2024Altius Renewable Royalties Corp. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024
공시 • Apr 19Altius Renewable Royalties Corp. to Report Q1, 2024 Results on May 02, 2024Altius Renewable Royalties Corp. announced that they will report Q1, 2024 results After-Market on May 02, 2024
공시 • Mar 09Altius Renewable Royalties Corp., Annual General Meeting, May 22, 2024Altius Renewable Royalties Corp., Annual General Meeting, May 22, 2024.
New Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.4m free cash flow). Revenue is less than US$1m.
공시 • Jan 20Altius Renewable Royalties Corp. to Report Q4, 2023 Results on Mar 06, 2024Altius Renewable Royalties Corp. announced that they will report Q4, 2023 results After-Market on Mar 06, 2024
New Risk • Oct 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$300k net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding).
New Risk • Oct 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$271k Forecast net loss in 1 year: US$290k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$290k net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding).
Breakeven Date Change • Oct 19Forecast breakeven date moved forward to 2023The 7 analysts covering Altius Renewable Royalties previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$5.21m in 2023. Earnings growth of 87% is required to achieve expected profit on schedule.
공시 • Oct 17Altius Renewable Royalties Corp. to Report Q3, 2023 Results on Nov 06, 2023Altius Renewable Royalties Corp. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023
Breakeven Date Change • Mar 04Forecast breakeven date pushed back to 2024The 4 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$900.0k in 2024. Average annual earnings growth of 150% is required to achieve expected profit on schedule.
공시 • Jan 26Altius Renewable Royalties Corp. to Report Q4, 2022 Results on Mar 01, 2023Altius Renewable Royalties Corp. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 01, 2023
Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Earl Ludlow is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Sep 30Independent Director recently bought €59k worth of stockOn the 23rd of September, Andre Gaumond bought around 10k shares on-market at roughly €5.93 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €237k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Jun 15Independent Director recently bought €62k worth of stockOn the 13th of June, Andre Gaumond bought around 10k shares on-market at roughly €6.33 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €191k more in shares than they have sold in the last 12 months.
Breakeven Date Change • May 09Forecast breakeven date moved forward to 2022The 5 analysts covering Altius Renewable Royalties previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$1.38m in 2022. Earnings growth of 53% is required to achieve expected profit on schedule.
Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Earl Ludlow is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 05Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.14 loss per share (up from US$0.15 loss in FY 2020). Net loss: US$3.42m (loss widened 73% from FY 2020). Revenue missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 4,279% compared to a 36% decline forecast for the industry in Germany.
Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Earl Ludlow is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 10Third quarter 2021 earnings released: US$0.05 loss per share (vs US$0.021 loss in 3Q 2020)Third quarter 2021 results: Net loss: US$1.41m (loss widened 303% from 3Q 2020).
Breakeven Date Change • Sep 23Forecast to breakeven in 2023The 6 analysts covering Altius Renewable Royalties expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$2.75m in 2023. Average annual earnings growth of 69% is required to achieve expected profit on schedule.
Executive Departure • Aug 06Independent Director Judy Cotte has left the companyOn the 5th of August, Judy Cotte's tenure as Independent Director ended after less than a year in the role. As of March 2021, Judy still personally held only 3.60k shares (€26k worth at the time). Judy is the only executive to leave the company over the last 12 months.
Reported Earnings • May 08First quarter 2021 earnings released: US$0.01 loss per share (vs US$0.11 loss in 1Q 2020)First quarter 2021 results: Net loss: US$130.9k (loss narrowed 71% from 1Q 2020).
Reported Earnings • Mar 29Full year 2020 earnings released: US$0.15 loss per share (vs US$0.49 loss in FY 2019)Full year 2020 results: Net loss: US$1.98m (loss widened 31% from FY 2019).