Latest news with #LFS
Yahoo
6 days ago
- Business
- Yahoo
Latitude Group Holdings Limited (ASX:LFS) has caught the attention of institutional investors who hold a sizeable 26% stake
Given the large stake in the stock by institutions, Latitude Group Holdings' stock price might be vulnerable to their trading decisions 64% of the business is held by the top 3 shareholders Insiders have been selling lately AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To get a sense of who is truly in control of Latitude Group Holdings Limited (ASX:LFS), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 26% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. In the chart below, we zoom in on the different ownership groups of Latitude Group Holdings. Check out our latest analysis for Latitude Group Holdings Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Latitude Group Holdings. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Latitude Group Holdings' historic earnings and revenue below, but keep in mind there's always more to the story. We note that hedge funds don't have a meaningful investment in Latitude Group Holdings. Looking at our data, we can see that the largest shareholder is KKR & Co. Inc. with 26% of shares outstanding. For context, the second largest shareholder holds about 21% of the shares outstanding, followed by an ownership of 17% by the third-largest shareholder. Additionally, the company's CEO Robert Belan directly holds 0.8% of the total shares outstanding. A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 64% stake. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own some shares in Latitude Group Holdings Limited. In their own names, insiders own AU$18m worth of stock in the AU$1.2b company. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying. The general public-- including retail investors -- own 23% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. With an ownership of 26%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. It seems that Private Companies own 23%, of the Latitude Group Holdings stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example - Latitude Group Holdings has 3 warning signs (and 2 which can't be ignored) we think you should know about. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. 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.
Yahoo
6 days ago
- Business
- Yahoo
ONS secures extra cash to restore confidence in UK's economic statistics
A further £10m is to be spent on fixing shortfalls in the core numbers produced by the Office for National Statistics (ONS) amid a continuing lack of confidence in their accuracy. The body is tasked with producing official figures covering key areas of the economy and societal trends. It has faced particular criticism over the quality of its Labour Force Survey (LFS) - used to calculate employment figures. Money latest: The Bank of England, which needs accurate readings for its rate-setting committee to make informed judgements, is among institutions to have expressed frustration with the numbers since the COVID pandemic. The problems at the ONS are not all financial. The Newport-based body's challenges include poor participation rates in areas such as the LFS. It hopes to have made improvements by spring next year. That will be of little comfort to the Bank which needs to know how much inflationary pressure is lingering in the jobs market, through things like wage growth, as it sets interest rates. The ONS confirmed that plans were being enacted to "urgently" improve the quality of its work in two areas - that covering the economy and population and the other its household and business data. The extra cash, to be spent over two years, is to fund the recruitment of up to 150 more economic data specialists, it said in a statement. The ONS also said that the UK Statistics Authority and Cabinet Office had agreed with a recommendation to temporarily separate the role of national statistician from that of ONS permanent secretary. This was in order to provide a greater focus on improving the quality of its core statistics. Read more from Sky News:British plant reveals closure plan due to 'US-UK trade deal'Trade strategy aims to better protect UK firms The ONS did not rule out revisions to past data in the months ahead. Acting director general for economic statistics, Grant Fitzner, said: "The ONS's Plan for Economic Statistics aims to restore confidence and improve the quality of our core statistics. "It is open about where things stand today and where we need to do better - and forms a crucial part of our response to the recent Office for Statistics Regulation review into economic statistics. "The Survey Improvement and Enhancement Plan does the same for our household and business surveys."
Local Norway
6 days ago
- Business
- Local Norway
Unemployment in Norway hits highest level since pandemic
The latest Labour Force Survey (LFS) from Statistics Norway revealed that 136,000 people were unemployed in May, an increase of 13,000 compared to six months ago. The rise was most significant among young people under the age of 25. "We also see this month that it is among young people that unemployment has increased the most," Tonje Køber, section manager at Statistics Norway, said in a press release . "There are 7,000 more unemployed people under the age of 25 in May than there were in November," Køber added. Advertisement Køber said that the rise in youth unemployment reflected the large number of young people who have recently entered the labour force, rather than a decline in the number of jobs for young people on offer. "The increase among the youngest is related to an increased supply of labour from this group. This means that more people are getting jobs, and more people are looking for jobs," she said. There were also slightly fewer jobs in Norway in May, with the number of working positions reduced by 5,900 compared to April, of which 3,600 were in public administration and education. However, taking a slightly longer perspective, the number of jobs has increased slightly over the past six months. Seasonally adjusted preliminary figures showed that there were 12,600 more jobs in Norway in May than there were last November, a growth rate of 0.4 percent. There were 3,000 more jobs in health, social services, and industry, and about 2,000 fewer jobs in both construction and education.
Business Recorder
10-06-2025
- Business
- Business Recorder
Pakistan Economic Survey fails to calculate unemployment rate for current year
ISLAMABAD: The Economic Survey 2024-25 failed to calculate the unemployment rate for the current year and instead cited the rate prevalent four years ago in 2020-21: 6.3 percent from Labour Force Survey (LFS) 2020-21. The reason noted in the report is that the LFS for 2022-23 could not be undertaken due to the engagement of PBS with the 7th Population & Housing Census. However, work on LFS 2024-25 is under process. The LFS survey reveals that in 2020-21 youth (aged 15-24) had the highest unemployment rate of 11.1 percent, with 10.0 percent for males and 14.4 percent for females. The second highest unemployment rate was seen amongst 25-34 year olds, with a rate of 7.3 percent. PBS conducts first digital census: Around 7.8pc of total population unemployed Among this group, 5.4 percent of males and 13.3 percent of females were unemployed leading to the conclusion that unemployment is more prevalent among females, especially those between 15 and 24 years of age. The survey mentioned that during 2024, the BE&OE and the OEC registered 727,381 workers for overseas employment. According to BE&OE, more than 62 percent (452,562) of Pakistani workers moved to Saudi Arabia for employment, followed by Oman (11 percent), to earn a living. UAE employed 64,130 Pakistani workers (9 percent) while Qatar offered jobs to 40,818 individuals (6 percent). Bahrain and Malaysia hosted 25,198 workers (3 percent) and 5,790 workers (1 percent), respectively. In 2024, the highest number of workers who went abroad for employment was from Punjab (404,345), followed by Khyber Pakhtunkhwa (187,103), Sindh (60,424), and Tribal areas (29,937). The skill composition of Pakistani emigrants in 2024 continues to be dominated by unskilled and semi-skilled labour, with relatively low representation from highly qualified and highly skilled professionals. According to the data, 50 percent of emigrants fall under the unskilled category (366,092), while 35 percent (255,706) are skilled workers. Although there has been a slight decline compared to 2023, unskilled labour remains in high demand globally, particularly in construction, domestic work, and agriculture sectors. The total population of Pakistan according to Seventh Population and Housing Census (2023) has reached 241.5 million; growing at 2.55 percent annually. The population comprises 124.32 million (51.5%) males and 117.15 million (48.5) females. A significant share of Pakistan's population is young, with 26% aged 15-29 years, while 53.8% fall within the working-age group of 15-59 years. This demographic dividend presents a unique opportunity for economic expansion and development. However, to fully capitalize on this advantage, strategic investments in education, skill development, and vocational training are essential. Copyright Business Recorder, 2025
Business Recorder
10-06-2025
- Business
- Business Recorder
Survey fails to calculate unemployment rate for current year
ISLAMABAD: The Economic Survey 2024-25 failed to calculate the unemployment rate for the current year and instead cited the rate prevalent four years ago in 2020-21: 6.3 percent from Labour Force Survey (LFS) 2020-21. The reason noted in the report is that the LFS for 2022-23 could not be undertaken due to the engagement of PBS with the 7th Population & Housing Census. However, work on LFS 2024-25 is under process. The LFS survey reveals that in 2020-21 youth (aged 15-24) had the highest unemployment rate of 11.1 percent, with 10.0 percent for males and 14.4 percent for females. The second highest unemployment rate was seen amongst 25-34 year olds, with a rate of 7.3 percent. PBS conducts first digital census: Around 7.8pc of total population unemployed Among this group, 5.4 percent of males and 13.3 percent of females were unemployed leading to the conclusion that unemployment is more prevalent among females, especially those between 15 and 24 years of age. The survey mentioned that during 2024, the BE&OE and the OEC registered 727,381 workers for overseas employment. According to BE&OE, more than 62 percent (452,562) of Pakistani workers moved to Saudi Arabia for employment, followed by Oman (11 percent), to earn a living. UAE employed 64,130 Pakistani workers (9 percent) while Qatar offered jobs to 40,818 individuals (6 percent). Bahrain and Malaysia hosted 25,198 workers (3 percent) and 5,790 workers (1 percent), respectively. In 2024, the highest number of workers who went abroad for employment was from Punjab (404,345), followed by Khyber Pakhtunkhwa (187,103), Sindh (60,424), and Tribal areas (29,937). The skill composition of Pakistani emigrants in 2024 continues to be dominated by unskilled and semi-skilled labour, with relatively low representation from highly qualified and highly skilled professionals. According to the data, 50 percent of emigrants fall under the unskilled category (366,092), while 35 percent (255,706) are skilled workers. Although there has been a slight decline compared to 2023, unskilled labour remains in high demand globally, particularly in construction, domestic work, and agriculture sectors. The total population of Pakistan according to Seventh Population and Housing Census (2023) has reached 241.5 million; growing at 2.55 percent annually. The population comprises 124.32 million (51.5%) males and 117.15 million (48.5) females. A significant share of Pakistan's population is young, with 26% aged 15-29 years, while 53.8% fall within the working-age group of 15-59 years. This demographic dividend presents a unique opportunity for economic expansion and development. However, to fully capitalize on this advantage, strategic investments in education, skill development, and vocational training are essential. Copyright Business Recorder, 2025
