Richard Lapthorne - Sherritt International Independent Chairman of the Board

S Stock  CAD 0.17  0.01  5.56%   

Chairman

Sir Richard Douglas Lapthorne, CBE, is Independent Director of Sherritt International Corporationrationration, since September 14, 2011. He has served as a director of the Corporation since September 2011. Sir Richard is currently the Chairman of CPPGroup plc, a company focusing on the provision of life assistance products, and has served as a Finance Director or as Chairman of various FTSE 100 and nonquoted companies in the United Kingdom since 1986, and is a past advisor to and Chair of the Public Interest Body of PricewaterhouseCoopers. He was the Chairman of Cable Wireless Communications plc and Cable Wireless plc. until 2016. Between June 2009 and April 2010, he served as Chairman of McLaren Group Limited. From 1996 to May 2003 he was Chairman of Amersham International plc having joined its board as a Nonexecutive Director in 1989. He was Finance Director of British Aerospace plc from July 1992 and Vice Chairman from April 1998 until his retirement in 1999. He is also a fellow of each of the Chartered Institute of Management Accountants, Chartered Institute of Certified Accountants and the Institute of Corporationrationrate Treasurers in the United Kingdom. since 2019.
Age 74
Tenure 5 years
Address Bay Adelaide Centre, Toronto, ON, Canada, M5H 4E3
Phone416 924 4551
Webhttps://www.sherritt.com

Sherritt International Management Efficiency

The company has return on total asset (ROA) of (0.0174) % which means that it has lost $0.0174 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1653) %, meaning that it created substantial loss on money invested by shareholders. Sherritt International's management efficiency ratios could be used to measure how well Sherritt International manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of November 2024, Return On Tangible Assets is likely to grow to -0.04. In addition to that, Return On Capital Employed is likely to grow to -0.04. At this time, Sherritt International's Other Current Assets are very stable compared to the past year. As of the 29th of November 2024, Total Current Assets is likely to grow to about 662.2 M, while Total Assets are likely to drop about 1.3 B.
Sherritt International currently holds 366.6 M in liabilities with Debt to Equity (D/E) ratio of 1.23, which is about average as compared to similar companies. Sherritt International has a current ratio of 0.43, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sherritt International until it has trouble settling it off, either with new capital or with free cash flow. So, Sherritt International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sherritt International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sherritt to invest in growth at high rates of return. When we think about Sherritt International's use of debt, we should always consider it together with cash and equity.

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Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. Sherritt International Corporation was founded in 1927 and is based in Toronto, Canada. SHERRITT INTL operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. Sherritt International (S) is traded on Toronto Exchange in Canada and employs 24 people. Sherritt International is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Sherritt International Leadership Team

Elected by the shareholders, the Sherritt International's board of directors comprises two types of representatives: Sherritt International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sherritt. The board's role is to monitor Sherritt International's management team and ensure that shareholders' interests are well served. Sherritt International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sherritt International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Elvin Saruk, Senior Vice President - Oil & Gas and Power
Andrew Snowden, Chief Financial Officer, Senior Vice President
Timothy Dobson, Senior Vice President Ambatovy
Maryse Belanger, Independent Director
Edward Sellers, Senior Vice President, General Counsel, Corporate Secretary
John Warwick, Independent Director
Thomas Halton, Director Affairs
John Marsh, Director Projects
Timothy Baker, Independent Director
David Pathe, Chairman of the Board, President, Chief Executive Officer
Robert Ellenwood, Director Marketing
Gregory Honig, Chief Officer
Joseph Racanelli, Director Relations
Lisa Pankratz, Independent Director
Richard Lapthorne, Independent Chairman of the Board
Lucy Chitilian, Director Affairs
Dan Rusnell, VP Metals
Yasmin Gabriel, Chief Officer
Karen Trenton, Senior Vice President - Human Resources
Chad Ross, Chief Officer
Mark Preston, Investor Analyst
Stephen Wood, Chief Operating Officer, Executive Vice President
Adrian Loader, Independent Director
R Gillin, Lead Director, Independent Director

Sherritt Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sherritt International a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Sherritt International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sherritt International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sherritt International will appreciate offsetting losses from the drop in the long position's value.

Moving against Sherritt Stock

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The ability to find closely correlated positions to Sherritt International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sherritt International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sherritt International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sherritt International to buy it.
The correlation of Sherritt International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sherritt International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sherritt International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sherritt International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Sherritt Stock

Sherritt International financial ratios help investors to determine whether Sherritt Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sherritt with respect to the benefits of owning Sherritt International security.