MONTCLAIR, N.J., Sept. 03, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during August 2024 and year-to-date through the end of August 2024, were approximately 21% and 19%, respectively.1 This discount was approximately 25% on August 30, 2024, the last day of trading in the month. As previously disclosed in a press release on Novembe ...

财务数据和关键指标变化 - 公司股价下跌11.7%,净资产价值下跌12.8%,股价占净资产价值的比例为83%到84%,目前股价较6月30日的净资产价值有25%的折价 [10] - 现金和公开交易证券从上季度的51.7百万美元下降到45.5百万美元,公开投资组合净值下降约5.6百万美元 [11] - 私募投资组合略有下降,未来公司的前景完全取决于公开投资组合的收益表现 [12] 各条业务线数据和关键指标变化 - Potbelly公司今年股价从14美元跌至7美元,但公司业绩指标如同店销售、EBITDA和新的特许经营策略都表现良好 [14][15][16] - Intevac公司硬盘驱动业务在第二季度表现强于预期,得益于新一代高密度硬盘驱动的制造需求 [25] - Aviat Networks公司第一季度业绩略有下滑,主要是由于一个大客户的问题,但公司整体经营指标仍在改善 [28][29] - Commercial Vehicle Group公司第二季度业绩下滑,主要是由于农业和建筑行业的整体疲软 [36][37] 各个市场数据和关键指标变化 - 小盘股整体表现非常糟糕,自2021年11月以来,标普500指数上涨22%,而小盘股指数下跌25% [12][13] 公司战略和发展方向及行业竞争 - Potbelly公司正在推进特许经营战略,未来7-10年内计划将门店数量扩张至2000家 [14] - Synchronoss公司在公司董事会的帮助下改善了投资者关系和资产负债表,并正在评估战略替代方案 [18][19] - comScore公司的董事会成员缺乏为股东利益服务的动机,公司需要进行治理改革 [20][21][22] - Intevac公司的TRIO平台有望在消费电子等领域获得广泛应用,带来重大的上升空间 [26][27][60][61] - Aviat Networks公司在新CEO的带领下正在改善经营,有望恢复超预期表现 [28][29] - Lantronix公司正在引入Adesto Technologies的前高管加入董事会,以帮助公司应对成长中的挑战 [30][31][32] - Commercial Vehicle Group公司在新CEO的领导下正在实施改革,有望在行业复苏时获得更高的利润率 [34][35][37][38] 管理层对经营环境和未来前景的评论 - 公司CEO对当前市场环境表示非常失望,但对公司未来前景保持乐观,认为这种市场环境将创造大量机会 [79][80][81][82] - 公司管理层认为,尽管当前宏观环境充满挑战,但大多数持股公司的基本面表现良好,相信未来将得到应有的回报 [81] 其他重要信息 - 公司宣布了一项折价管理计划,如果2024年1月1日至2025年6月30日期间的平均折价超过12%,公司董事会将考虑采取进一步措施来缩小折价 [41][42][43] 问答环节重要的提问和回答 问题1 **Adam 提问** 对comScore公司的投资前景和退出机会的看法 [49][50][51][52][53][54] **Kevin Rendino 回答** comScore公司应该以1倍收入的估值进行估值,考虑到优先股的地位,普通股股东可获得约150百万美元,这比目前的市值高很多。公司将继续施加压力,促使董事会为普通股东利益服务 [50][51][52][53][54] 问题2 **Adam 提问** 对Intevac公司未来市场推广和投资者关系改善的看法 [55][56][57][58][59][60][61][62][63][64][65][66] **Daniel Wolfe 和 Kevin Rendino 回答** Intevac公司需要加强对TRIO平台的市场推广,展示其在消费电子等领域的应用前景,同时也需要改善投资者关系,加强与投资者的沟通。公司新任CFO的加入有助于提升这方面的能力 [57][58][59][60][61][62][63][64][65][66] 问题3 **David 提问** 询问公司在当前市场环境下是否在寻找新的投资机会,如何在新机会和现有投资之间进行平衡 [74][75][76][77][78] **Kevin Rendino 回答** 公司有大量潜在的新投资机会,但受限于资金规模,需要在现有投资组合和新机会之间进行权衡和调整。公司将继续保持集中投资策略,同时适当增加一些新的有吸引力的投资标的 [74][75][76][77][78]

C O N F I D E N T I A L 1 Value Creation Through Constructive Activism Q2 2024 Stockholder Update Call August 20, 2024 C O N F I D E N T I A L Safe Harbor Statement This presentation may contain statements of a forward-looking nature relating to future events. Statements contained in this presentation that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to the i ...

文章核心观点 - 180 Degree Capital Corp.的首席执行官和联合投资组合经理Kevin M. Rendino遭遇事故,正在接受治疗,预后良好[1] - 公司的业务运营仍在正常进行,由公司总裁兼联合投资组合经理Daniel B. Wolfe负责管理[1] 公司概况 - 180 Degree Capital Corp.是一家上市的注册封闭式基金,专注于投资和通过建设性激活为其认为严重低估的小型上市公司提供增值帮助,目标是推动这些被投资公司的股价出现180度大转变[2] - 公司的详细信息和持仓可在其网站www.180degreecapital.com上找到[5] 联系方式 - 公司联系人为总裁Daniel B. Wolfe和Robert E. Bigelow[3] - 媒体联系人为Mo Shafroth[4]

MONTCLAIR, N.J., July 24, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”, “our”, “us”, and “we”) today announced that its Chief Executive Officer and Co-Portfolio Manager, Kevin M. Rendino, was involved in an accident and is currently receiving treatment for his injuries. His doctors have informed us that he is responding well to treatments and his current recovery prognosis is positive. Our thoughts are with him and his family. We will provide updates as more informat ...

MONTCLAIR, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital") (NASDAQ:TURN), noted today that the average discount between its estimated daily net asset value per share ("NAV") and its daily closing stock price during June 2024 and year-to-date through the end of June 2024, were approximately 16% and 19%, respectively.1 This discount was approximately 16% on June 28, 2024, last trading date in the month. As previously disclosed in a press release on November 13, 2023, 18 ...

MONTCLAIR, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") noted today the announcement by its portfolio company, Synchronoss Technologies, Inc. (SNCR), that SNCR has opportunistically retired at discounted prices its outstanding Series B Preferred Stock and $19.7 million of its outstanding 8.375% Senior Notes due 2026 ("Senior Notes") funded by a new $75.0 million term loan with alternative credit manager, AS Birch Grove. SNCR reported that the combined ...

MONTCLAIR, N.J., June 18, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital", "we" and "us") today congratulated Matt McLaughlin on his election to the Board of Directors of comScore, Inc. ("SCOR"). 180 Degree Capital originally nominated Matt to SCOR's Board based on his deep background and experience in the adtech and measurement industries having served as Chief Operating Officer of DoubleVerify Holdings, Inc. We believe Matt will bring fresh perspectives, improved corp ...

财务数据和关键指标变化 - 公司现金和公开证券在本季度上涨5.4% [6] - 公司净资产价值(NAV)在本季度增加3% [6] 各条业务线数据和关键指标变化 - Synchronoss公司宣布出售其消息和数字资产,成为纯云业务 [9] - Quantum公司延迟提交财务报表,但更新了资产负债表并推出了新的人工智能产品 [10] - D-Wave公司推出了新的量子计算资源和合作伙伴关系 [11] - Lantronix公司由于一个计算项目延迟和分销渠道疲软,下调了全年业绩指引 [12][13] - Arena集团因未能支付许可费而失去了Sports Illustrated的许可权 [14][15] - ComScore公司未能达到15%的EBITDA目标,并且未能解决与Charter和优先股持有人的谈判问题 [16][17] 各个市场数据和关键指标变化 - 微型股市场自2022年11月开始下跌,与美联储加息周期的开始相吻合 [18][19][20][21][22] - 过去60年里,当联邦基金利率在4.9%或更高时,经济在84%的时间里实现增长,平均增速为3.3% [23][24] - 过去45年里,当联邦基金利率在4.9%或更高时,罗素2000指数有15次上涨,与利率低于4.9%时的16次上涨相当 [24] 公司战略和发展方向及行业竞争 - 公司正在采取积极的股东行动主义方式,与投资组合公司进行互动 [27][28][29][30][31][32] - 公司认为自己是一个独特的投资工具,集中投资于小盘股,采取主动管理和行动主义的方式 [33][34][35] 管理层对经营环境和未来前景的评论 - 管理层认为当前的悲观情绪已经过度,微型股的估值被严重低估 [25][41][42] - 管理层表示将继续密切关注公司股价与净资产价值的折价情况,并考虑采取回购、现金分红或要约收购等措施 [36][37][38][39] 问答环节重要的提问和回答 无

180 Degree Capital Corp (NASDAQ:TURN) Q4 2023 Earnings Conference Call February 21, 2024 9:00 AM ET Company Participants Daniel Wolfe - Chief Financial Officer & Portfolio Manager Kevin Rendino - Chairman, Chief Executive Officer & Portfolio Manager Conference Call Participants Daniel Wolfe [Call starts abruptly] And welcome to 180 Degree Capital CorpÂ’s Fourth Quarter 2023 Financial Results Update Call. This is Daniel Wolfe, President and Portfolio Manager of 180 Degree Capital. Kevin Rendino, our Chief Ex ...