Latest news with #CEL
Yahoo
02-07-2025
- Business
- Yahoo
Insiders own 25% of Challenger Gold Limited (ASX:CEL) shares but individual investors control 32% of the company
Significant control over Challenger Gold by individual investors implies that the general public has more power to influence management and governance-related decisions A total of 7 investors have a majority stake in the company with 52% ownership 25% of Challenger Gold is held by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Every investor in Challenger Gold Limited (ASX:CEL) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 32% to be precise, is individual investors. Put another way, the group faces the maximum upside potential (or downside risk). Meanwhile, individual insiders make up 25% of the company's shareholders. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Let's delve deeper into each type of owner of Challenger Gold, beginning with the chart below. Check out our latest analysis for Challenger Gold Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Challenger Gold already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Challenger Gold, (below). Of course, keep in mind that there are other factors to consider, too. It looks like hedge funds own 9.1% of Challenger Gold shares. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Eduardo Elsztain is currently the largest shareholder, with 10% of shares outstanding. The second and third largest shareholders are L1 Capital Pty. Limited and Helikon Investments Limited, with an equal amount of shares to their name at 9.1%. Additionally, the company's CEO Kris Knauer directly holds 4.3% of the total shares outstanding. We did some more digging and found that 7 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own a reasonable proportion of Challenger Gold Limited. Insiders own AU$44m worth of shares in the AU$176m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. With a 32% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Challenger Gold. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It seems that Private Companies own 13%, of the Challenger Gold stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Public companies currently own 3.2% of Challenger Gold stock. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together. It's always worth thinking about the different groups who own shares in a company. But to understand Challenger Gold better, we need to consider many other factors. For instance, we've identified 3 warning signs for Challenger Gold that you should be aware of. Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Time of India
27-06-2025
- Business
- Time of India
UP will generate 20,000 MW of renewable energy by 2027: CM Adityanath
Chief Minister Yogi Adityanath on Thursday said that Uttar Pradesh will generate 20 ,000 megawatts of renewable energy by 2027. He said this after laying the foundation stone, along with Union minister Jitendra Singh, for a greenfield data centre at Sahibabad. According to an official statement, Adityanath expressed his pleasure at the new data centre being developed by Central Electronics Limited (CEL). "This is a strong step towards the Prime Minister Narendra Modi 's resolution of net zero emissions by 2070," he said. "By 2027, Uttar Pradesh will generate 20,000 megawatts (MW) of renewable energy, in which CEL's role will be prominent," he added. Adityanath hailed CEL's journey as a symbol of India's industrial resurgence and self-reliance, calling it a "major pillar of Prime Minister Modi's 2047 developed India vision". He emphasised, "Through institutions like CEL, new India is moving forward with its strength, technology, and confidence." The chief minister participated in a ceremonial puja and inaugurated an exhibition at the golden jubilee celebrations of CEL, the statement said. He also planted a sapling as part of the 'Ek Ped Maa Ke Naam' campaign. Referring to Operation Sindoor, Adityanath said, "BrahMos and Akash missiles were recently used against Pakistan. We can say that the capabilities of both these missiles have been tested in Pakistan and trusted in the world." The chief minister linked CEL's growth to the changing landscape of Uttar Pradesh. He said that in the last eight years, Uttar Pradesh's economy has grown two-and-a-half times, six crore people have been lifted out of poverty, and investors are now enthusiastic about investing in the state. He noted, "In 2017, the state was struggling with the image of a 'BIMARU' state, but today it has moved towards becoming the growth engine of the country." He said that out of Rs 50 lakh crore investment proposals, Rs 15 lakh crore worth of investments have been linked to production through ground-breaking ceremonies. During the event, CEL presented a dividend check of approximately Rs 21 crore to the Central government, and an MoU was signed between CEL and Multi Infra for 200 megawatts of solar modules, the statement said. Adityanath described CEL's 50-year journey as a "success story", noting that the institution has now entered 'Amrit Kaal' and is playing a decisive role in realizing Prime Minister Modi's vision of a developed India. The chief minister said, "There was a time when CEL was put on the disinvestment list. But today, it has become a profit-making 'Mini Ratna' company. This transformation is an inspiration for Atmanirbhar Bharat ."
Hindustan Times
27-06-2025
- Business
- Hindustan Times
BrahMos, Akash missiles now ‘Pakistan tested': Yogi Adityanath
Uttar Pradesh chief minister Yogi Adityanath on Thursday said that India's flagship missile systems such as the BrahMos and Akash are now 'Pakistan-tested', while lauding the role of Ghaziabad-based Central Electronics Limited (CEL) in serving the Indian defence sector. Adityanath was in Ghaziabad district for the foundation-stone laying ceremony of a new green-field data centre at CEL in Sahibabad. (Sakib Ali/HT Photo) The UP CM, on a visit to the National Capital Region, said many of CEL's products are used in supersonic missile systems like BrahMos which have been recently 'tested' in 'Operation Sindoor'. India launched the operation against Pakistan-based terror outfits in response to the April 22 killings of 27 tourists by terrorists in Jammu and Kashimir's Pahalgam. Adityanath was in Ghaziabad district for the foundation-stone laying ceremony of a new green-field data centre at CEL in Sahibabad. The project is a collaboration between CEL, a government of of India PSU affiliated with CSIR under the Union ministry of science and technology and ESDS at Sahibabad. Adityanath underlined how CEL has played a role in serving country's key missiles like Akash, and Brahmos that have gained trust in the world. 'The defence sector is expanding, and Uttar Pradesh has six nodes. The Lucknow node has now started producing BrahMos missiles. Many of its components are being procured from institutions like CEL. During Operation Sindoor, we successfully tested Akash and BrahMos missiles against Pakistan. Both these missiles are now 'Pakistan-tested' and trusted worldwide. This shows our strength,' he said. Adityanath said that UP will generate 20,000 megawatts of renewable energy by 2027, with CEL playing a key role in this mission. Describing the state-of-the-art data centre as a 'milestone in India's journey toward becoming a self-reliant global digital power,' union science and technology minister Jitendra Singh emphasised its strategic importance. Singh also underlined CEL's contributions to strategic sectors, noting that it has developed numerous critical components for defence applications. He specifically referred to the radars used in the Akash Missile System, which proved instrumental during Operation Sindoor, showcasing India's technological strength. 'Not limited to defence alone, it is a trusted name in innovation-led manufacturing across defence, railways, and solar sectors,' he added. Singh said that CEL has its own legacy and the company invented first solar cell back in 1970, and now, 50 years later, it is about to set up a green data centre. On the occasion, the Union minister, announced that the country's first quantum computing data centre will soon be established in Noida. In addition, a biotechnology park will be set up near Lucknow, and a two or three-day startup conclave is planned for August. Officials at CEL, meanwhile, said that the green data centre will boost digital infrastructure momentum by creating skilled jobs, promoting local innovation, and attracting startups, enterprises, and government users.
Indian Express
26-06-2025
- Business
- Indian Express
Foundation stone for India's first Green Data Centre laid in Ghaziabad
Uttar Pradesh Chief Minister Yogi Adityanath and Union Minister of State (Independent Charge) for Science & Technology Jitendra Singh on Thursday laid the foundation stone for India's first green data centre in Sahibabad, Ghaziabad. Expressing satisfaction about the CEL-ESDS Green Data Centre being developed by Central Electronics Limited (CEL), the CM said Uttar Pradesh will generate 20,000 megawatts of renewable energy by 2027, with the public sector undertaking (PSU), a a Mini Ratna company, playing a key role in the mission. Speaking at the event, Adityanath described CEL's 50-year journey as a success story, saying the company has now entered the 'Amrit Kaal' and is playing a key role in fulfilling Prime Minister Narendra Modi's vision of a developed India. He recalled there was a time when CEL faced uncertain days and was even put on the list for disinvestment. 'But today, CEL has become a profit-making 'Mini Ratna' company and is handing over dividends to the government. This change is an inspiration for an atmanirbhar (self-reliant) India,' he added. The CM hailed CEL for its innovations in sectors like railways, defence, renewable energy, and education. CEL's technology and creativity are making the nation stronger and it plays a key role in areas such as smart classrooms, signaling systems, renewable energy modules, and defence equipment, he added. The CEL handed over a dividend cheque of Rs 21 crore to the Central government, and a memorandum of understanding (MoU) was exchanged between the PSU and Multi Infra, an engineering, procurement, and construction (EPC) company for a 200 MW solar module project. The CM said CEL made India's first solar photovoltaic module in 1974 and is now setting up the country's first green data center. On the Defence Manufacturing Corridor, he said equipment for BrahMos missiles is also being produced with the help of organisations like CEL. Out of investment proposals worth Rs 50 lakh crore, Rs 15 lakh crore of investments have already started production after the groundbreaking ceremonies, he claimed. PM Modi has often stressed the need to connect educational institutions with industry, and Uttar Pradesh has excellent institutes like IITs, IIMs, universities, and central laboratories to help achieve this goal, the CM said. Union Minister Jitendra Singh said CEL invented the first solar cell back in 1970, and now it is about to set up a green data centre. He announced that the country's first quantum unit will soon be established at Noida. In addition, a biotechnology park will be set up near Lucknow and a two- or three-day startup conclave is planned for August, he added. CEL chairman and managing director Chetan Prakash Jain said the Green Data Centre is designed to consume less energy, offer full security and meet future requirements. Through partnership with ESDS, CEL is combining modern cloud and data centre technologies with sustainability, he said. The centre will feature modular PODs, smart cooling, reflective roofing, rainwater harvesting, and multi-ISP support. It will have a total capacity of 30 MW, with the possibility of installing up to 200 racks per floor. ESDS's patented technology and managed services have ensured that the center meets global standards.
United News of India
26-06-2025
- Business
- United News of India
CEL playing a leading role in data centers and green energy: CM Yogi
Ghaziabad, Jun 26(UNI) Uttar Pradesh Chief Minister Yogi Adityanath on Thursday described Central Electronics Limited (CEL)'s journey as a symbol of India's industrial revival and self-reliance. He said that CEL is a key part of Prime Minister Modi's vision for a developed India by 2047, and that through organizations like these, new India is moving forward with strength, technology, and confidence. CM Yogi and Union Minister of State (Independent Charge) for Science & Technology, Dr. Jitendra Singh, laid the foundation stone for the CEL-ESDS Green Data Centre in Sahibabad, Ghaziabad on Thursday. During the event, the CM expressed happiness about the new greenfield data centre being developed by CEL. He said, ' It is a strong step toward achieving PM Modi's goal of net-zero emissions by 2070.' He also mentioned that Uttar Pradesh will generate 20,000 megawatts of renewable energy by 2027, with CEL playing a key role in this mission. At the Golden Jubilee celebration of Central Electronics Limited (CEL) in Ghaziabad and the foundation stone-laying ceremony of its new data center, CM Yogi took part in the Puja and also visited the exhibition, where he was given information about the data center and its operations. He also planted a sapling as part of the 'Ek Ped Maa Ke Naam' campaign. During the event, CEL also handed over a cheque worth Rs 21 crore to the Government of India, and an MoU was exchanged between CEL and Multi Infra for a 200 MW solar module project. Speaking at the event, the CM described CEL's 50-year journey as an inspiring success story, saying that the company has now entered the "Amrit Kaal" and is playing a key role in fulfilling PM Modi's vision of a developed India. He recalled that there was a time when CEL faced uncertain days and was even put on the list for disinvestment. 'However, today CEL has become a profit-making 'Mini Ratna' company and is handing over dividends to the government. This change is an inspiration for Atmanirbhar (Self-Reliant) India,' he added. The CM praised CEL for its innovations in sectors like railways, defence, renewable energy, and education. He said that CEL's technology and creativity are making the nation stronger. Highlighting its contributions, the Chief Minister noted that CEL plays a key role in areas such as smart classrooms, signaling systems, renewable energy modules, and defence equipment. He also mentioned that CEL made India's first solar photovoltaic module in 1974 and is now setting up the country's first greenfield data center. Talking about the Defence Manufacturing Corridor, he said that equipment for BrahMos missiles is also being produced with the help of organizations like CEL. Referring to Operation Sindoor, CM Yogi said that BrahMos and Akash missiles were recently used against Pakistan. 'We can say that the capacity of both these missiles have been 'tested' in Pakistan and 'trusted' worldwide,' he remarked. The Chief Minister also linked CEL's progress to the changing image of Uttar Pradesh. He said that in the past eight years, the state's economy has grown 2.5 times, lifting 6 crore people out of poverty. Investors are now eager to invest in Uttar Pradesh, which was earlier known as a backward state. 'Today, Uttar Pradesh is becoming the growth engine of the country,' he added. Out of Rs 50 lakh crore worth of investment proposals, Rs 15 lakh crore of investments have already started production after the groundbreaking ceremonies. Speaking about CEL's journey, CM Yogi said, 'Your childhood was good, then you faced some challenges in your youth, but now you have entered your Amrit Kaal.' This is a period of the next 25 years dedicated to making India self-reliant and developed. He added that Prime Minister Modi has often stressed the need to connect educational institutions with industry, and Uttar Pradesh has excellent institutes like IITs, IIMs, universities, and central laboratories to help achieve this goal. Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, said that CEL has its own legacy. The company invented the first solar cell back in 1970, and now, 50 years later, it is about to set up a green data center. He praised Chief Minister Yogi Adityanath, saying, 'Your name is already part of history for the construction of the Ram Temple in Ayodhya, and I'm happy that two institutions under my ministry also contributed to it.' He also announced that the country's first quantum unit will soon be established at IIT Noida. In addition, a biotechnology park will be set up near Lucknow, and a two- or three-day startup conclave is planned for August. UNI MBD RKM
