Michael White - Uniteds Independent Director

UNC Stock  CAD 130.55  0.37  0.28%   

Director

Mr. Michael J. White serves as an Independent Director of United Corporationrationrations Ltd. He has served as a director of the Company since 1996. Mr. White currently serves as Chairman of Addenda Capital Inc. Mr. White is a Fellow of the Ontario Institute of Chartered Accountants and Chartered Professional Accountants and has over 30 years experience as a senior executive in the financial services sector. He has served as a member of the boards of directors and on the audit committees of The Empire Life Insurance Company, The Dominion of Canada General Insurance Company, Canadian Investor Protection Fund, Holland Bloorview Kids Rehabilitation and Providence Healthcare. since 1996.
Tenure 28 years
Address 1010 Sherbrooke Street West, Montreal, QC, Canada, H3A 2R7
Phone514-842-2727
Webhttps://www.ucorp.ca/ucl_gi.htm

Michael White Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael White against Uniteds stock is an integral part of due diligence when investing in Uniteds. Michael White insider activity provides valuable insight into whether Uniteds is net buyers or sellers over its current business cycle. Note, Uniteds insiders must abide by specific rules, including filing SEC forms every time they buy or sell Uniteds'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Uniteds Management Efficiency

The company has return on total asset (ROA) of 0.1579 % which means that it generated a profit of $0.1579 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.224 %, meaning that it generated $0.224 on every $100 dollars invested by stockholders. Uniteds' management efficiency ratios could be used to measure how well Uniteds manages its routine affairs as well as how well it operates its assets and liabilities. As of the 30th of November 2024, Return On Tangible Assets is likely to drop to 0.15. In addition to that, Return On Capital Employed is likely to drop to 0.17. As of the 30th of November 2024, Total Assets is likely to drop to about 1.4 B. In addition to that, Other Assets is likely to grow to about (301.9 M)
Uniteds Limited has accumulated 2.78 M in total debt. Uniteds Limited has a current ratio of 4.48, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Uniteds until it has trouble settling it off, either with new capital or with free cash flow. So, Uniteds' 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 Uniteds Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Uniteds to invest in growth at high rates of return. When we think about Uniteds' use of debt, we should always consider it together with cash and equity.

Similar Executives

Found 6 records

DIRECTOR Age

Ronald AssafSenvest Capital
N/A
Eileen BerminghamSenvest Capital
N/A
Frank DanielSenvest Capital
N/A
David BasnerSenvest Capital
N/A
Jeffrey JonasSenvest Capital
N/A
Stephanie LoClairvest Group
N/A
United Corporations Limited is a closed ended equity fund launched and managed by Jarislowsky, Fraser Limited. United Corporations Limited was formed on February 1, 1929 and is domiciled in Canada. UNITED CORP operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange. Uniteds Limited (UNC) is traded on Toronto Exchange in Canada and employs 11 people. Uniteds is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Uniteds Limited Leadership Team

Elected by the shareholders, the Uniteds' board of directors comprises two types of representatives: Uniteds inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Uniteds. The board's role is to monitor Uniteds' management team and ensure that shareholders' interests are well served. Uniteds' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Uniteds' outside directors are responsible for providing unbiased perspectives on the board's policies.
David Wingfield, Independent Director
Frank Glosnek, Treasurer
Mark Taylor, Independent Director
Duncan Jackman, Chairman of the Board, President
Scott Ewert, Vice President
Christopher Alexander, Independent Director
Michael White, Independent Director
Richard Carty, Corporate Secretary
Kim Shannon, Independent Director
David Dawson, Independent Director
Fahad Khan, Director

Uniteds 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 Uniteds 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 Uniteds

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 Uniteds 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 Uniteds will appreciate offsetting losses from the drop in the long position's value.

Moving against Uniteds Stock

  0.81AEMC Alaska Energy MetalsPairCorr
  0.71EOG Eco Atlantic OilPairCorr
  0.63CMC Cielo Waste SolutionsPairCorr
The ability to find closely correlated positions to Uniteds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uniteds 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 Uniteds - 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 Uniteds Limited to buy it.
The correlation of Uniteds 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 Uniteds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uniteds Limited 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 Uniteds 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 Uniteds Stock

Uniteds financial ratios help investors to determine whether Uniteds 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 Uniteds with respect to the benefits of owning Uniteds security.