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Westbridge buys $62m Victorian assets

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Westbridge buys $62m Victorian assets

The Subiaco-based property fund has acquired two industrial properties in Victoria in recent months, bringing its AUM to $1.1 billion.

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Luka Doncic Reportedly ‘Excited’ by Lakers’ Offseason Moves After Kessler Trade and Austin Reaves Deal

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Luka Doncic

LOS ANGELES — Luka Doncic is reportedly pleased with the Los Angeles Lakers’ whirlwind offseason, which has reshaped the roster around him following LeBron James’ departure and a flurry of moves aimed at building a contender for the post-James era.

According to a report from Dan Woike of The Athletic, league sources said Doncic was “excited” about the team’s recent moves, particularly the decisions to retain guard Austin Reaves and acquire center Walker Kessler in a trade. Woike reported that the Lakers addressed two of Doncic’s biggest priorities for the roster this summer: keeping Reaves in the fold and adding an elite rim-protecting big man alongside him.

Woike also reported that the Lakers maintained regular contact with Doncic and his representatives throughout free agency, even as the star guard spent the summer in Europe and the team worked across a significant time difference. Those conversations, according to the report, helped guide the front office’s approach as it reshaped the roster in the weeks following James’ exit.

The offseason began with James informing the organization that he would not return for a ninth season with the Lakers. He remains an unrestricted free agent and is expected to continue his career elsewhere for what would be his 24th season in the league. His departure closed a chapter for the franchise and set off a series of roster moves that quickly followed.

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The Lakers soon lost two more rotation players. Marcus Smart signed with the Houston Rockets, the team the Lakers eliminated in the first round of the playoffs, while Luke Kennard agreed to join the Phoenix Suns. Reserve big man Jaxson Hayes also departed for a new team. The departures left the Lakers with considerable salary-cap flexibility, which the front office moved quickly to use.

The centerpiece of that spending was a sign-and-trade agreement with the Utah Jazz for Kessler, a 7-foot-2 center who has established himself as one of the league’s top young defensive anchors. The deal, which included a four-year, $130 million contract for Kessler, cost the Lakers significant future draft capital — their unprotected first-round picks in 2031 and 2033, along with pick swaps in 2028 and 2030. The transaction leaves Los Angeles without a controlled first-round pick until the 2032 draft.

In the same stretch of roughly 35 minutes, according to reporting from ESPN’s Shams Charania, the Lakers also signed free agents Sandro Mamukelashvili, Quentin Grimes and Collin Sexton. Grimes is expected to help fill the playmaking and defensive void left by Smart’s departure, Mamukelashvili adds shooting and floor-spacing as a stretch forward, and Sexton gives the Lakers a true backup point guard, a role the team had lacked in recent seasons.

Those additions came after the Lakers had already made their most significant retention of the offseason, re-signing Reaves to a four-year, $185 million contract after he declined his player option and would have otherwise become an unrestricted free agent. Reaves and Doncic have built a close on-court partnership since Doncic’s arrival in Los Angeles roughly 16 months ago, and keeping the young guard together with Doncic and Kessler is expected to form the foundation of the team’s roster going forward. Spotrac data show that Doncic, Reaves and Kessler are projected to carry a combined salary-cap hit of $121 million next season, against a league-wide salary cap set at roughly $165 million for 2026-27.

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Kessler, who spent four seasons with the Jazz, averaged 2.4 blocks per game over that span and has been regarded as one of the more promising young defensive centers in the league. A shoulder injury cut his most recent season short, but evaluators continue to view him as a high-upside addition who could pair well with Doncic’s passing ability in pick-and-roll situations. The Lakers finished last season with a defensive rating of 115.5, ranked 20th in the NBA, a figure the front office hopes will improve significantly with Kessler anchoring the paint.

Reporting from multiple outlets indicates the price the Lakers paid to secure Kessler and retain Reaves has drawn some scrutiny around the league, with rival executives and agents questioning whether Los Angeles surrendered too much draft capital and long-term financial flexibility in the process. The team’s roster is now considered younger and more athletic than last season’s group, but also less experienced, with the departures of veteran role players such as Smart, Kennard and Hayes leaving fewer proven contributors around Doncic, Reaves and Kessler.

Despite those questions, the Lakers’ front office appears to view Doncic’s endorsement of the moves as the most important measure of the offseason’s success. Rob Pelinka, the team’s president of basketball operations and general manager, has overseen the roster overhaul while also expanding his front-office staff, including the hiring of an assistant general manager focused on salary-cap management and analytics. The team is reportedly still exploring the trade market for forward Rui Hachimura, who remains under contract, and has been linked to free agent forward Jonathan Kuminga after the Atlanta Hawks declined his contract option.

The Lakers are scheduled to give fans their first look at the retooled roster this week at the California Classic summer league event, where rookies Cameron Carr and Adou Thiero are expected to headline the team’s summer debut. While the additions of Kessler, Grimes, Mamukelashvili and Sexton have not yet been tested on the court together, the Lakers’ front office has made clear that the roster was built specifically around Doncic’s stated preferences following James’ departure.

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With training camp still months away, the true measure of the offseason’s success will not be known until the Lakers take the floor together as a group. But based on the reporting surrounding Doncic’s reaction, the franchise appears confident it has entered its next chapter with the support of the player it is now building around for the long term.

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Blue Owl Capital: A 4.6% Relief After A 40% Stress Test (NYSE:OWL)

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Blue Owl Capital: A 4.6% Relief After A 40% Stress Test (NYSE:OWL)

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I’m a long-term investor focused on U.S. and European equities, with a dual emphasis on undervalued growth stocks and high-quality dividend growers. Through years of experience, I’ve learned that sustained profitability—evident in strong margins, stable and expanding free cash flow, and high returns on invested capital—is a more reliable driver of returns than valuation alone. I manage one of my portfolios publicly on eToro, where I qualified as a Popular Investor, allowing others to copy my real-time investment decisions. My background spans Economics, Classical Philology, Philosophy and Theology. This interdisciplinary foundation sharpens both my quantitative analysis and my ability to interpret market narratives through a broader, long-term lens. I started investing when I became a father. By managing wisely what I received and earn, I aim to ensure for me and my children that we don’t have so much that we don’t have to do anything, but that we have enough assets to be free to do what we want. The goal is not to free myself from work, but to make sure I can work in the place and in a way where I can fully express myself.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Kinross Gold: Net Cash, Production Growth, And Undervalued (NYSE:KGC)

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Kinross Gold: Net Cash, Production Growth, And Undervalued (NYSE:KGC)

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Mountain Valley Value Investments specializes in identifying undervalued companies with strong growth potential across various sectors. Focused on long-term value and buying at the right price, we leverage deep industry insights and rigorous analysis to uncover opportunities with the potential to deliver strong returns. Our investment philosophy is rooted in disciplined research and a commitment to highlighting risks that may impact the thesis. We aim to provide our readers with actionable investment ideas that stand the test of time. Follow us for in-depth analysis and thoughtful perspectives on high-potential stocks.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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A $350 Billion Liquidity Drain Is Set To Hit Markets This Summer

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A $350 Billion Liquidity Drain Is Set To Hit Markets This Summer

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Michael Kramer is the founder of Mott Capital Management – and is a long-only investor who focuses on macro themes and studies trends and options activities to identify and assess entry and exit points for investments in his long-term focused thematic growth strategy. He is a former buy-side trader, analyst, and portfolio manager with 30 years of experience tracking market technicals, fundamentals, and options.Michael Kramer leads the investing group Reading the Markets, where he helps a devoted following of members to better understand what is driving trading and where the market is likely heading, both the short and long-term. Features of the investing group include: daily written commentary and videos analyzing the driving factors behind price action; general macro trend education to help members make well-informed decisions based on market conditions, interest rates, currency movements and how they all interact; chat for questions and community dialogue; and regular Zoom videos sessions to discuss current ideas and answer questions. The level of access RTM subscribers and the expertise of the source are unprecedented given that the subscription price is a fraction of similar technical coaching and mentoring services. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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What Sky buying ITV could mean for your favourite shows

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Maya Jama in a fitted light-coloured dress stands in the centre of a brightly lit pink dressing-room set. Behind the person, a neon “love island” sign is mounted above lockers displaying ten pink-and-orange striped football-style shirts on hangers. Curved pink benches line both sides of the room. Two potted plants, a pink flamingo ornament, rolled towels, reusable water bottles and several stemmed glasses are positioned around the lockers. A large Love Island logo is displayed on the floor beneath the person.

Of course, at some point Sky could decommission some ITV shows – or renegotiate their contracts. You don’t take over another company without believing there are savings to be made (and some are pointing to synergies that could be made on the tech platform side, with ITVX and Sky’s streaming services potentially merged in the future).

Longer term, Frost believes users of both current streaming platforms ITVX and NOW can expect to see more “integrated services, for example, bundling titles in terms of genre instead of channel, as a natural way to cut production costs, and to cross-advertise”.

But when it comes to programmes, they won’t be able to make significant changes to those beloved shows until the supply deal comes to an end.

Producer Patrick Spence thinks the deal is “exciting”. He won a BAFTA for Mr Bates vs The Post Office which was a huge hit on ITV in 2024, with around 15 million tuning in. He’s currently producing Two Birds, a thriller starring Sheridan Smith for ITV.

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He’s also made dramas for Sky and told me ITV and Sky “are very good bedfellows in many ways”.

“When they get behind a show, they really get behind it,” Spence says. “They want to make water cooler shows that bring audiences together.”

He believes the deal is a sign that the regularly predicted end of so-called linear TV is overplayed.

“We get told so often about the death of broadcast TV,” he adds. “For producers it’s said we’re looking at a cliff edge where the only places that will be left for us to sell our programmes will be the streamers, or some version of BBC, ITV, Channel 4 all joining together.

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“What I take away from this deal as a producer and an audience member is that Sky must really like and believe in ITV to be only buying the network. They think there is a business to be grown and driven that uses the audience reach and loyalty that the ITV network has.”

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Mercado Libre's Margin Compression May Be A New Normal – Potential Technical Bottoming

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Mercado Libre's Margin Compression May Be A New Normal - Potential Technical Bottoming

Mercado Libre's Margin Compression May Be A New Normal – Potential Technical Bottoming

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What are the most powerful forces shaping wealth creation today?

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What are the most powerful forces shaping wealth creation today?

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Clay, kilns and the cost of survival for UK tile manufacturers

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Tessa stands inside a workshop, resting one hand on a large, old industrial machine with metal rollers and levers. She is wearing a black sleeveless vest and black, dust-marked jeans. The workshop has exposed red brick walls, wooden beams, and two small rectangular windows behind her which are letting in daylight. Around the machine are various tools and materials, including wooden planks, metal parts, and a saw mounted on the wall to the left.

Pantiles, seen on rooftops across Britain, have a distinctive curved shape.

The machine Oldroyd is using dates back to the 1920s. Some equipment on site is much older and the work is far from easy.

“The most challenging thing for me probably would be lifting the clay,” she says.

But she wouldn’t trade her job.

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“I’m glad to be actually making history.

“When I think about this site and how old it is and we’re still carrying on this tradition and the fact that lots of the tiles, if not all of them, will be here for hundreds of years to come.”

The work Oldroyd and her co-workers do today is part of a tradition stretching back centuries.

Though clay roof tiles were introduced by the Romans, the English industry grew up in the eastern part of the country during the 12th century.

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By the early 1700s, pantiles were being made, with East Yorkshire and Lincolnshire becoming major centres of production.

Today about a dozen old school firms survive across the UK, according to the Roof Tile Association. William Blyth, founded in 1840, is among them.

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Tsakos Energy Navigation: Economic Outlook Changed Dramatically But Still Dominates

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Tsakos Energy Navigation: Economic Outlook Changed Dramatically But Still Dominates

Tsakos Energy Navigation: Economic Outlook Changed Dramatically But Still Dominates

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Mid-Year 2026 Market Outlook: Oil, Gold, And Copper

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Mid-Year 2026 Market Outlook: Oil, Gold, And Copper

Mid-Year 2026 Market Outlook: Oil, Gold, And Copper

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