KazTransOil JSC to Exercise Shareholder Freedom at Extraordinary General Meeting on August 14
July 6, 2023
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KazTransOil JSC is preparing to host an extraordinary general meeting of shareholders on August 14. This meeting is to discuss matters related to shareholder freedom, and its importance within the company. KazTransOil JSC is a member of FREEDOM HOLDING ($NASDAQ:FRHC), a publicly traded company listed on the Kazakhstan Stock Exchange. FREEDOM HOLDING is one of the largest independent oil and gas companies in Kazakhstan, and is committed to protecting shareholder rights and freedoms. The company believes that by creating an environment of true freedom for shareholders, they will be better able to assess their investments and have a greater sense of trust in the company.
At this upcoming meeting, KazTransOil JSC hopes to discuss ways to further strengthen and protect shareholder rights and freedoms. This could include looking into potential changes to the company’s corporate governance structure, ensuring that shareholders are adequately protected when it comes to voting and other key decisions, or any other matters related to freedom within the company. With these changes, KazTransOil JSC hopes to create a stronger sense of trust between the company and its shareholders. The extraordinary general meeting on August 14 will be a great opportunity for shareholders to make their voices heard and be part of the process that ensures their freedom is maintained in KazTransOil JSC.
Share Price
At the close of business on Wednesday, FREEDOM HOLDING’s stock price was $81.4, down by 0.3% from the previous closing price of $81.6. KTO is a national company with more than two million shareholders. The purpose of the Extraordinary General Meeting is to consider KTO’s proposed changes to its corporate charter and corporate governance structure. The main point of discussion is the empowerment of shareholders and the possibility of introducing new mechanisms for protection of their rights.
At the meeting, KTO will also discuss a number of other issues, including the adoption of a corporate code of conduct and the adoption of a new compensation policy for board members. The Extraordinary General Meeting is expected to create a more favorable environment for investing in FREEDOM HOLDING’s stock by providing KTO shareholders with more control over company decisions and increased protection of their rights. Investors are eagerly awaiting the outcome of this meeting as it could have a significant effect on FREEDOM HOLDING’s stock price and overall performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Freedom Holding. More…
| Total Revenues | Net Income | Net Margin |
| 533.8 | 51.53 | 11.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Freedom Holding. More…
| Operations | Investing | Financing |
| -201.93 | -556.93 | 1.52k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Freedom Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.37k | 4.69k | 11.6 |
Key Ratios Snapshot
Some of the financial key ratios for Freedom Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 67.1% | 77.3% | 37.3% |
| FCF Margin | ROE | ROA |
| -43.9% | 18.9% | 2.3% |
Analysis
At GoodWhale, we conducted an analysis of FREEDOM HOLDING‘s fundamentals and found the company to have an intermediate health score of 6/10 with regard to its cashflows and debt, likely to safely ride out any crisis without the risk of bankruptcy. FREEDOM HOLDING is classified as ‘rhino’, which suggests the company has achieved moderate revenue or earnings growth. For those looking at FREEDOM HOLDING as an investment opportunity, they will find that it is strong in growth, medium in asset, profitability and weak in dividend. This makes it an attractive option for risk-seeking investors looking for a company with potential for capital appreciation that does not require a large capital investment. Its moderate health score also presents itself as a safe option for more conservative investors looking to minimize risk. More…
Peers
The competition between Freedom Holding Corp and its competitors, Tradegate AG Wertpapierhandelsbank, An Phat Joint Stock Securities Co, and SBS Securities JSC, has been fierce in recent years. As each company strives to gain an edge in the ever-changing and competitive landscape of financial services, Freedom Holding Corp has remained at the forefront of innovation and customer service.
– Tradegate AG Wertpapierhandelsbank ($BER:T2G)
Tradegate AG Wertpapierhandelsbank is a German stock exchange and online broker that operates both domestically and internationally. The company provides its customers with access to over 65 exchanges and offers trading in more than 150,000 instruments across multiple asset classes, including equities, ETFs, ETCs, bonds, funds, and options. As of 2023, Tradegate AG Wertpapierhandelsbank had a market capitalization of 2.68 billion euros and a return on equity of 38.0%. This strong return on equity indicates the company’s profitability and its ability to generate cash flow from its investments and operations.
Summary
Freedom Holding Corp (FREED) is a publicly traded company that provides the oil and gas industry with services and products. FREED has recently announced an upcoming extraordinary general meeting of shareholders to be held on August 14th. Investors have taken an interest in FREED due to its strong financial performance and upside potential.
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