Corporate Values – Upbeet Communications http://upbeetcommunications.com/ Wed, 12 Jan 2022 22:09:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://upbeetcommunications.com/wp-content/uploads/2021/07/icon-3.png Corporate Values – Upbeet Communications http://upbeetcommunications.com/ 32 32 Pershing Square Holdings, Ltd. publishes regular weekly net asset value and year-to-date return as of January 11, 2022 https://upbeetcommunications.com/pershing-square-holdings-ltd-publishes-regular-weekly-net-asset-value-and-year-to-date-return-as-of-january-11-2022/ Wed, 12 Jan 2022 21:36:00 +0000 https://upbeetcommunications.com/pershing-square-holdings-ltd-publishes-regular-weekly-net-asset-value-and-year-to-date-return-as-of-january-11-2022/ LONDON–(COMMERCIAL THREAD)–Regulatory news: Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today published its regular weekly net asset value (“NAV”) and performance on its website, https://www.pershingsquareholdings.com /company-reports/weekly-navs/. Net asset value and returns were calculated as of the close of business on Tuesday, January 11, 2022. The PSH NAV per share at market close on January 11, […]]]>

LONDON–(COMMERCIAL THREAD)–Regulatory news:

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today published its regular weekly net asset value (“NAV”) and performance on its website, https://www.pershingsquareholdings.com /company-reports/weekly-navs/. Net asset value and returns were calculated as of the close of business on Tuesday, January 11, 2022.

The PSH NAV per share at market close on January 11, 2022 was 55.80 USD / 40.93 The performance in GBP and since the beginning of the year was -2.6%.

The weekly net asset value (“NAV”) is calculated at the close of business each Tuesday and published the following business day. In the event that Tuesday is not a business day, the Company will calculate the net asset value at the close of business on the business day immediately preceding such Tuesday. The month-end NAV is calculated at the close of business on the last day of the month and published the following business day. For weeks that include a month-end NAV report, PSH will only provide the month-end NAV and will not report Tuesday’s NAV. The monthly NAVs are published in accordance with the decree on the conduct of supervisory activities of financial companies under the control of the Wft (Besluit Gedragstoezicht financiële ondernemingen Wft).

Performance is presented on a net of fee basis and reflects the deduction of, among other expenses, management fees, brokerage commissions, administrative costs and accrued performance fees, where applicable. The performance figure includes the reinvestment of all dividends, interest and capital gains. Depending on the timing of a specific investment, an individual investor’s net performance may differ from the net performance shown herein. Net performance is a geometrically related time-weighted calculation.

Past performance is not necessarily indicative of future results. All investments involve risk, including loss of principal.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-end fund.

Category: (PSH: weekly NAV)

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Regulatory announcement of Xtrackers (IE) plc in the United Kingdom: net asset value (s) https://upbeetcommunications.com/regulatory-announcement-of-xtrackers-ie-plc-in-the-united-kingdom-net-asset-value-s/ Mon, 10 Jan 2022 13:46:00 +0000 https://upbeetcommunications.com/regulatory-announcement-of-xtrackers-ie-plc-in-the-united-kingdom-net-asset-value-s/ LONDON–(COMMERCIAL THREAD) – Xtrackers (IE) plc SICAV Headquarters: 78 Sir John Rogerson’s Quay, Dublin 2, Ireland Record number: 393802 (the “Society”) Registered in Dublin as an investment company with variable capital with variable capital with limited liability and as an umbrella fund with separate liability between compartments. Regulated by the Central Bank of Ireland. Registration […]]]>

LONDON–(COMMERCIAL THREAD) –

Xtrackers (IE) plc

SICAV

Headquarters: 78 Sir John Rogerson’s Quay, Dublin 2, Ireland

Record number: 393802

(the “Society”)

Registered in Dublin as an investment company with variable capital with variable capital with limited liability and as an umbrella fund with separate liability between compartments. Regulated by the Central Bank of Ireland.

Registration number 393802. Registered office as above.

Directors: Tom Murray (Irish), Michael Whelan (Irish), Alex McKenna (UK), Gerry Grimes (Irish), Manooj Mistry (UK)

NOTICE TO SHAREHOLDERS OF LONDON STOCK EXCHANGE LISTED SUB-FUNDS

Dublin, January 07, 2022

The purpose of this announcement is to inform the shareholders of the compartments listed in the table below (each one Compartment, and together the Compartments) (the Shareholders) on behalf of the Board of Directors of the Company (the Board of directors) of the applicable net asset value (on NAV) for each Sub-Fund for the Dealing Day indicated below:

Compartment

IS IN

Outstanding shares

Currency

Dealing day

NAV

LEI

Xtrackers (IE) plc ESG USD Corporate Bond UCITS ETF 1C

IE00BL58LJ19

1,267,815

USD

07-Jan-2022

45.0719

254900YQ6CUXP95AXP64

Xtrackers (IE) plc ESG USD Emerging markets Bond Quality Weighted UCITS ETF 1D

IE00BD4DX952

12 772 697

USD

07-Jan-2022

13.0952

549300BQBF21JCBVKV46

Xtrackers (IE) plc FTSE All-World ex UK UCITS ETF 1C

IE00BM67HJ62

543,392

GBP

07-Jan-2022

82.0132

549300Z2SIL2X411X235

Xtrackers (IE) plc iBoxx USD Corporate Bond Yield Plus UCITS ETF 1D

IE00BF8J5974

1 874 452

USD

07-Jan-2022

19.8735

549300QIFH7Y0VUSB550

Xtrackers (IE) plc MSCI AC World ESG Screened UCITS ETF 1C

IE00BGHQ0G80

44,350,000

EUR

07-Jan-2022

31.1072

549300T1PSHCUYSNHE68

Xtrackers (IE) plc MSCI Emerging Markets ESG UCITS ETF 1C

IE00BG370F43

25 100,000

USD

07-Jan-2022

52.6841

54930068DSSGNFYYVR85

Xtrackers (IE) plc MSCI Emerging Markets UCITS ETF 1C

IE00BTJRMP35

103,335,000

USD

07-Jan-2022

59.9121

5493002C2LG0TVRY4T35

Xtrackers (IE) plc MSCI Emerging Markets UCITS ETF 1D

IE000GWA2J58

135,979

USD

07-Jan-2022

8.6427

5493002C2LG0TVRY4T35

Xtrackers (IE) plc MSCI EMU ESG UCITS ETF 1C

IE00BNC1G699

506,000

EUR

07-Jan-2022

65.9537

254900OARN1CRQBI4D27

Xtrackers (IE) plc MSCI Europe ESG UCITS ETF 1C

IE00BFMNHK08

30,290,000

EUR

07-Jan-2022

27.0803

549300I5MYV9MCPQD952

Xtrackers (IE) plc MSCI GCC Select Swap UCITS ETF 1C

IE00BQXKVQ19

1,060,621

USD

07-Jan-2022

24.8467

5493003PO25H4G3SSF64

Xtrackers (IE) plc MSCI Japan ESG Screened UCITS ETF 1D

IE00BPVLQD13

10,531,049

JPY

07-Jan-2022

1895.1509

549300DIT7F25Z1MYN06

Xtrackers (IE) plc MSCI Japan ESG Screened UCITS ETF 2D – GBP Hedged

IE00BPVLQF37

637,523

GBP

07-Jan-2022

18.1928

549300DIT7F25Z1MYN06

Xtrackers (IE) plc MSCI Japan ESG Screened UCITS ETF 4C – USD Hedged

IE00BTGD1B38

226,011

USD

07-Jan-2022

21.6672

549300DIT7F25Z1MYN06

Xtrackers (IE) plc MSCI Japan ESG UCITS ETF 1C

IE00BG36TC12

101,780,000

USD

07-Jan-2022

22,029

549300VT3CD217Z7Q476

Xtrackers (IE) plc MSCI Nordic UCITS ETF 1D

IE00B9MRHC27

10 793 452

EUR

07-Jan-2022

50,791

5493007KGDIVBDEQHM64

Xtrackers (IE) plc MSCI USA Banks UCITS ETF 1D

IE00BDVPTJ63

6,375,000

USD

07-Jan-2022

27.7932

254900P9QIPJGCJR6N80

Xtrackers (IE) plc MSCI USA Communication Services UCITS ETF 1D

IE00BNC1G707

1,488,000

USD

07-Jan-2022

55.6592

2549005LD5ZIQ8C4LL08

Xtrackers (IE) plc MSCI USA Consumer discretionary UCITS ETF 1D

IE00BGQYRR35

7 643 157

USD

07-Jan-2022

78.0977

549300E63DJSRCJZ6614

Xtrackers (IE) plc MSCI USA Consumer Staples UCITS ETF 1D

IE00BGQYRQ28

2,840,000

USD

07-Jan-2022

43.2841

54930096GV0MTBBDYV48

Xtrackers (IE) plc MSCI USA Energy UCITS ETF 1D

IE00BCHWNS19

1,175,000

USD

07-Jan-2022

32.2207

5493008L9YO5GRO3ZN19

Xtrackers (IE) plc MSCI USA ESG Screened UCITS ETF 1C

IE00BJZ2DC62

3 128 308

USD

07-Jan-2022

38,536

5493001R2VWIV9D4XH46

Xtrackers (IE) plc MSCI USA ESG UCITS ETF 1C

IE00BFMNPS42

95,840,000

USD

07-Jan-2022

48.7792

549300GV7ND6DPBVN624

Xtrackers (IE) plc MSCI USA Financials UCITS ETF 1D

IE00BCHWNT26

26,801,570

USD

07-Jan-2022

30.0832

549300M68RNPQMXLBB25

Xtrackers (IE) plc MSCI USA Health Care UCITS ETF 1D

IE00BCHWNW54

12,934,398

USD

07-Jan-2022

54.68

549300IH60G2OJH57P83

Xtrackers (IE) plc MSCI USA Industry UCITS ETF 1D

IE00BCHWNV48

303,000

USD

07-Jan-2022

67.9119

549300L0LMLRSZ26QR72

Xtrackers (IE) plc MSCI USA Information Technology UCITS ETF 1D

IE00BGQYRS42

13,068,272

USD

07-Jan-2022

74,723

549300M6JAZI5LWML141

Xtrackers (IE) plc MSCI USA Minimum Volatility UCITS ETF 1D

IE00BDB7J586

115,000

USD

07-Jan-2022

49.8905

5493000I1N60EFHBLR44

Xtrackers (IE) plc MSCI USA UCITS ETF 1C

IE00BJ0KDR00

50 553 210

USD

07-Jan-2022

132.0424

549300J9YPZW8OQXLF38

Xtrackers (IE) plc MSCI World Communication Services UCITS ETF 1C

IE00BM67HR47

12,635,797

USD

07-Jan-2022

19.8645

549300RZO14LB1V7K773

Xtrackers (IE) plc MSCI World Consumer Discretionary UCITS ETF 1C

IE00BM67HP23

7 117 672

USD

07-Jan-2022

57.8112

549300OF256895TPBN07

Xtrackers (IE) plc MSCI World Consumer Staples UCITS ETF 1C

IE00BM67HN09

12,157,417

USD

07-Jan-2022

46.3029

549300SWTOHJYCRTIU71

Xtrackers (IE) plc MSCI World Energy UCITS ETF 1C

IE00BM67HM91

48 434 918

USD

07-Jan-2022

33.7141

549300PD0M2UW0Y2XV93

Xtrackers (IE) plc MSCI World ESG Screened UCITS ETF 1D

IE00BCHWNQ94

6,639,000

USD

07-Jan-2022

21.5636

5493000MMCBYY20QMC86

Xtrackers (IE) plc MSCI World ESG UCITS ETF 1C

IE00BZ02LR44

92 573 602

USD

07-Jan-2022

35.1018

549300KBPMH7CRUHUW62

Xtrackers (IE) plc MSCI World Financials UCITS ETF 1C

IE00BM67HL84

36 905 753

USD

07-Jan-2022

26.6914

54930037UOCTZSIPKX79

Xtrackers (IE) plc MSCI World Health Care UCITS ETF 1C

IE00BM67HK77

38 955 527

USD

07-Jan-2022

49,068

549300J9P50W4IOBWS91

Xtrackers (IE) plc MSCI World Industrials UCITS ETF 1C

IE00BM67HV82

12,222,073

USD

07-Jan-2022

50,514

549300749B86R75HG635

Xtrackers (IE) plc MSCI World Information Technology UCITS ETF 1C

IE00BM67HT60

39,399,748

USD

07-Jan-2022

64.1761

549300CM6KL5NIENK841

Xtrackers (IE) plc MSCI World Materials UCITS ETF 1C

IE00BM67HS53

5 322 173

USD

07-Jan-2022

56.9908

5493001RFO47M71FEX43

Xtrackers (IE) plc MSCI World Minimum Volatility UCITS ETF 1C

IE00BL25JN58

16,900,000

USD

07-Jan-2022

40.1426

54930014T94RHSFQFQ97

Xtrackers (IE) plc MSCI World Momentum UCITS ETF 1C

IE00BL25JP72

15,275,000

USD

07-Jan-2022

54.7374

549300JTUIN0HTFEH791

Xtrackers (IE) plc MSCI World Quality UCITS ETF 1C

IE00BL25JL35

20,675,000

USD

07-Jan-2022

57.5623

549300IILXM4ST526335

Xtrackers (IE) plc MSCI World UCITS ETF 1C

IE00BJ0KDQ92

96 550 226

USD

07-Jan-2022

96.0834

549300ZPCMJ0UKSMRS71

Xtrackers (IE) plc MSCI World UCITS ETF 1D

IE00BK1PV551

12,897,988

USD

07-Jan-2022

85.1831

549300ZPCMJ0UKSMRS71

Xtrackers (IE) plc MSCI World UCITS ETF 2D – GBP Hedged

IE00BZ1BS790

3,525,123

GBP

07-Jan-2022

20,642

549300ZPCMJ0UKSMRS71

Xtrackers (IE) plc MSCI World Utilities UCITS ETF 1C

IE00BM67HQ30

4,058,433

USD

07-Jan-2022

32.3235

5493005SK6V4E5KRXN82

Xtrackers (IE) plc MSCI World Value UCITS ETF 1C

IE00BL25JM42

24,300,000

USD

07-Jan-2022

39.9678

5493003ZC4YBJJRSAX18

Xtrackers (IE) plc NASDAQ 100 UCITS ETF 1C

IE00BMFKG444

1,854,000

USD

07-Jan-2022

35.4063

254900B3YYIAXJ1WEN66

Xtrackers (IE) plc Russell 2000 UCITS ETF 1C

IE00BJZ2DD79

5,706,157

USD

07-Jan-2022

309.4829

549300RDZXTM5DJWDC22

Xtrackers (IE) plc S&P 500 Equal Weight UCITS ETF 1C

IE00BLNMYC90

53 529 675

USD

07-Jan-2022

84.5251

549300K5EREWUG10PC82

Xtrackers (IE) plc S&P 500 Equal Weight UCITS ETF 1D – GBP Hedged

IE000N5GJDD7

57,341

GBP

07-Jan-2022

8,227

549300K5EREWUG10PC82

Xtrackers (IE) plc S&P 500 UCITS ETF 2C – GBP hedge

IE00BM67HX07

3,875,420

GBP

07-Jan-2022

78.0771

549300NZCAJCKZWK5644

Xtrackers (IE) plc S&P Europe excluding UK UCITS ETF 1D

IE00BGV5VM45

9 736 449

EUR

07-Jan-2022

68.7681

254900AV94BB0XCLC120

Xtrackers (IE) plc US Treasuries Ultrashort Bond UCITS ETF 1C

IE00BM97MR69

199,771

USD

07-Jan-2022

53.552

254900OSQHTSXUWQKZ28

Xtrackers (IE) plc USD Corporate Bond UCITS ETF 1D

IE00BZ036H21

55,292,562

USD

07-Jan-2022

15.5405

549300TN3252QWI8QN78

Xtrackers (IE) plc USD Corporate Green Bond UCITS ETF 1D – GBP Hedged

IE000X63FXN4

78,014

GBP

07-Jan-2022

22.8087

2549001CWO1OWBWUGJ52

Xtrackers (IE) plc USD High Yield Corporate Bond UCITS ETF 1D

IE00BDR5HM97

44 221 795

USD

07-Jan-2022

14.3593

549300XH6DDPBRY7P527

This announcement is for informational purposes only. Shareholders are not required to take any action.

Capitalized terms used in this notice will have the same meaning as that assigned to them in the latest version of the Company’s prospectus (the Prospectus) Unless the context requires otherwise.

Any further information relating to the Sub-Funds can be obtained by contacting the x-trackers ETF hotline on +44 (20) 7547 1747 or +49 (69) 910 30549 or by sending an e-mail to Xtrackers@db.com.

Xtrackers (IE) plc

Board of directors

Contact information

Xtrackers (IE) plc

78 Sir John Rogerson Pier

Dublin 2

Category code: NAV

Sequence number: 754599

Reception time (offset from UTC): 20220110T134048 + 0000

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Here’s how bitcoin compares to gold as a store of value based on 8 key factors, according to JPMorgan https://upbeetcommunications.com/heres-how-bitcoin-compares-to-gold-as-a-store-of-value-based-on-8-key-factors-according-to-jpmorgan/ Sat, 08 Jan 2022 13:30:56 +0000 https://upbeetcommunications.com/heres-how-bitcoin-compares-to-gold-as-a-store-of-value-based-on-8-key-factors-according-to-jpmorgan/ Bitcoin collapsed on Wednesday and Thursday. Jirapong Manustrong / Getty Images 13 years after its inception, bitcoin remains a controversial asset class and often compared to gold. Bitcoin is not considered a store of value by all investors given its volatility and short history. Here’s how bitcoin compares to gold as a store of value […]]]>
Bitcoin collapsed on Wednesday and Thursday.

  • 13 years after its inception, bitcoin remains a controversial asset class and often compared to gold.
  • Bitcoin is not considered a store of value by all investors given its volatility and short history.
  • Here’s how bitcoin compares to gold as a store of value based on 8 key factors, according to JPMorgan.
  • Sign up for our daily newsletter here, 10 things before the opening bell.

The underlying value of the bitcoin network is not determined by cash flow or dividends, metrics commonly used to value stocks. Instead, the price of bitcoin is uniquely determined by the supply and demand dynamics induced by its buyers and sellers.

“Nothing of intrinsic value underpins the bitcoin network, similar to many fiat currencies around the world since it left the gold standard,” JPMorgan explained in a note Friday.

But the bank sees the value of bitcoin technology in its network, primarily its digital scarcity. There will only be 21 million bitcoins after the last mined in 118 years. This digital scarcity has triggered a surge in its price since the start of the pandemic, as governments around the world have dramatically increased their debt and money supply.

This dynamic has led some investors to seek alternatives to fiat currencies as a store of value, such as bitcoin and gold.

“While many buy cryptocurrencies (continuing in our opinion) because cryptocurrencies appreciate and / or significantly outperform other asset classes, we believe that bitcoin’s merits will suffer fluctuations in value. in the short term, both in terms of digital scarcity as well as a good store of value, ”JPMorgan said.

These are the eight characteristics that help define what a store of value is and how bitcoin compares to physical gold in each category, according to JPMorgan.

1. Durable

“Bitcoin cannot be destroyed and does not perish. It will survive as long as the network survives, which, since the network is decentralized, makes bitcoin very difficult to destroy. When comparing gold to bitcoin , both are durable, ”JPMorgan said.

2. Portable

“Bitcoin is particularly easy to store and transport. Large amounts of Bitcoin can be transmitted around the world almost instantly and can be stored on a cell phone. Gold is much more difficult and more expensive to store, transport and ensure, ”said JPMorgan.

3. Fungible

“Bitcoin is fungible and interchangeable with all other Bitcoin. Gold is generally fungible and can be easily considered better than diamonds, which can have different qualities and shapes that impact value. Gold comes in different measures of purity with 24 karat gold and 14 karat gold of different values. The advantage goes to Bitcoin, “JPMorgan said.

4. Divisible

“Bitcoin is divisible to eight decimal places, down to 1 / 100,000,000, which is now worth $ 0.0005. Gold is divisible, but not easily with precision,” JPMorgan said.

5. Rare

“Bitcoin has a finite number of tokens, capped at 21 minutes, which will be mined by around 2140. Gold is difficult to mine and there should be a finite amount of it. However, as the price of gold increases. As gold increases, so does supply, “JPMorgan said.

6. Verifiable

“Bitcoin is easily verifiable with transactions recorded on the blockchain, which is publicly available to anyone. Gold is also verifiable, but can also be counterfeited and its purity can be diluted, making the value more questionable,” JPMorgan said.

7. Free of censorship

“No entity (including developers or miners) has undue influence over a user’s Bitcoin. As such, Bitcoin is censorship-resistant and because the protocol is decentralized, it is not. not subject to the demand or constraints of big business or governments. Governments do not and have restricted both the ownership of gold and the transfer of gold throughout history, “JPMorgan said.

8. History

“Bitcoin has a limited history as a store of value, not having been created until 2009. Gold has been used as a store of value for at least 5,000 years and more likely at least 7,000 years because it “This is when the first known gold mine was active,” JPMorgan said.


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West Virginia Public Works Council Approves Reduced Utility Values ​​and Tax Rates | News, Sports, Jobs https://upbeetcommunications.com/west-virginia-public-works-council-approves-reduced-utility-values-%e2%80%8b%e2%80%8band-tax-rates-news-sports-jobs/ Thu, 06 Jan 2022 05:13:29 +0000 https://upbeetcommunications.com/west-virginia-public-works-council-approves-reduced-utility-values-%e2%80%8b%e2%80%8band-tax-rates-news-sports-jobs/ Gov. Jim Justice expressed his concerns on Wednesday over declining property assessments for large utility companies. (Photo by Steven Allen Adams) CHARLESTON – Clearly disappointed, members of the West Virginia Public Works Council on Wednesday reluctantly approved cuts in property values ​​and tax rates for the state’s main utilities. The Public Works Council met in […]]]>

Gov. Jim Justice expressed his concerns on Wednesday over declining property assessments for large utility companies. (Photo by Steven Allen Adams)

CHARLESTON – Clearly disappointed, members of the West Virginia Public Works Council on Wednesday reluctantly approved cuts in property values ​​and tax rates for the state’s main utilities.

The Public Works Council met in the governor’s office and boardroom to establish final utility company assessments for the 2022 tax year and certify tax rates on each category of property.

According to the state Department of Taxation, the total of final assessments for tax year 2022 is $ 12.4 billion, which is $ 23.2 million less than the total of final assessments for the year d tax 2021. It is also $ 500 million less than the provisional estimate published by the State Department of Taxation. at the September meeting of the Public Works Council.

“I do not understand that,” Governor Jim Justice said. “With a State that is evolving as positively as we are and with record revenues everywhere, how can we offer a level of safeguard? “

The Public Works Council, consisting of the Governor, Secretary of State, Attorney General, Commissioner of Agriculture, State Auditor, State Treasurer, and State Superintendent of Schools, sets property value for tax assessment purposes for utility companies that span more than one county.

The owner or operator of each utility is required to file a report with the state tax commissioner no later than May 1 detailing the ownership of the utility for the previous calendar year in detail in accordance with the law. The tax commissioner reviews the reports, obtains any additional information needed, draws up the provisional valuation for each utility and sends a copy to the owner or operator of the utility.

Types of utilities include airlines, private bridge owners, bus companies, electricity suppliers, natural gas suppliers, non-cellular communications (paging services), railways and lines car, pipelines, cell phone companies, private sewer services, landline services, underground gas storage services, water and water / sewer services.

According to the document prepared by the State Tax Department and approved by the Public Works Council, the recommended final values ​​of utility properties for the 2022 tax year were $ 4.5 billion, or 482 billion. $ 7 million less than the recommended provisional value of nearly $ 5 billion.

State Tax Commissioner Matt Irby said the drop in rates and values ​​reflects income in 2020 in the first year of the COVID-19 pandemic, when the economy slowed due to closures companies.

“They were quite substantial this year”, Irby said of the number of adjustments to provisional utility property tax values. “They were mostly related to a higher focus on the value income approach. We have had a number of conversations with taxpayers about their income. After those conversations, we made some adjustments to this revenue approach and these are the assessments we arrived at. “

Some of the largest drops between the provisional tax assessment and the total assessment were for natural gas. The tax assessment for gas pipelines decreased by $ 52.4 million, from $ 3.44 billion in tax year 2021 to $ 3.39 billion in tax year 2022. L The valuation for underground natural gas storage has declined by $ 40.2 million, from $ 204 million in 2021 to $ 163.8 million in 2022.

Irby said the state’s tax department is using an emergency rule to determine the value of the natural gas property, as required by Bill 2581 passed by the legislature last year. HB 2581 requires fair appraisals for natural gas, petroleum and natural gas liquids producing properties on a fair market value basis based on a yield capitalization model applied to gross royalty payments for royalty interest. net proceeds after annual royalties and operating costs are subtracted from gross revenues.

“What we did was bring them closer to an income approach rather than a cost approach and that’s where we came out after doing that,” said Irby. “Our legislative rule actually requires us to do this. He asks us to produce a cost-to-value approach and an income-to-value approach and try to correlate the two and find an end value, but he says when everything else is equal you should prefer the approach. returned to value.

After hearing the report and reviewing the rates and values, the judge expressed his displeasure. Property tax revenues benefit county governments and school systems.

“It is extremely important to West Virginia that this is done fairly and in the most beneficial way, but just for our businesses and for all these people out there, but also for our state.” says justice. “I’m ready to move on, but I’m telling you there are some industries here that I think are in the money today. If they are in the money, they should step up and pay their fair share. This is what they should be doing.

State Auditor JB McCuskey, attending the meeting via conference call, criticized the process for approving property values, saying the Public Works Board should be given more time to review the reports before voting for them. approve. McCuskey and Justice both agreed that the process for approving ratings and values ​​must change in the future.

“It’s a really, really important duty and every time it happens we get those ratings about 20 minutes before we vote on them,” McCuskey said. “I just don’t understand how we are supposed to vote and make what is very obviously an extremely important decision for the state when we are given less than a day to look at the data and how they worked it out and why we do what we do.

Steven Allen Adams can be contacted at sadams@newsandsentinel.com.

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Apple Becomes First Company to Achieve $ 3 Trillion Market Value | Technology news https://upbeetcommunications.com/apple-becomes-first-company-to-achieve-3-trillion-market-value-technology-news/ Mon, 03 Jan 2022 19:46:45 +0000 https://upbeetcommunications.com/apple-becomes-first-company-to-achieve-3-trillion-market-value-technology-news/ Apple shares rose 3% on Monday, enough to surpass the $ 3 trillion market cap mark. It’s official. Apple Inc shares rose 3% on Monday to trade at $ 182.88 – enough to secure the coveted iPhone maker crown to become the first publicly traded company on the planet to cross the 3 mark. Trillion […]]]>

Apple shares rose 3% on Monday, enough to surpass the $ 3 trillion market cap mark.

It’s official.

Apple Inc shares rose 3% on Monday to trade at $ 182.88 – enough to secure the coveted iPhone maker crown to become the first publicly traded company on the planet to cross the 3 mark. Trillion in market capitalization.

To put that into perspective, Apple’s value now exceeds the nominal gross domestic product (GDP) of six of the world’s 10 largest economies, including UK, India, France, Italy, Canada. and South Korea.

Apple’s rise to power has been relentless in recent years. In August 2018, it became the first American company to exceed $ 1,000 billion in market value. It broke the $ 2 trillion mark just two years later, in August 2020. And thanks to the pandemic supercharged appetite for tech stocks, it took Apple about 17 months to hit the 3 trillion mark. of dollars.

Since January 2007, when the late co-founder and CEO of Apple, Steve Jobs, unveiled the first iPhone, the Silicon Valley giant’s shares have gained 5800%.

The crown of $ 3 trillion in market capitalization is largely symbolic and, indeed, other tech heavyweights outperformed Apple last year. Microsoft and Tesla shares gained about 50% each in 2021. Alphabet shares soared 65% and chipmaker Nvidia by 125%. In contrast, Apple stock gained 34% in 2021.

But Apple’s sheer size means it has a disproportionate influence on the stock markets. It represents around 7% of the S&P 500 index.


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“Everyone wants to be sustainable but nobody wants to pay for it” – CVBJ https://upbeetcommunications.com/everyone-wants-to-be-sustainable-but-nobody-wants-to-pay-for-it-cvbj/ Sat, 01 Jan 2022 17:07:02 +0000 https://upbeetcommunications.com/everyone-wants-to-be-sustainable-but-nobody-wants-to-pay-for-it-cvbj/ 01/01/2022 at 17:35 CET If in football a name were given instead of a golden ball, Messi or Cristiano Ronaldo would be called Mr. Fútbol. Andy stalman She has worked for thirty years on five continents, in all sectors of activity, in all industries, in developing and developed countries. He has just published his third […]]]>

01/01/2022 at 17:35 CET

If in football a name were given instead of a golden ball, Messi or Cristiano Ronaldo would be called Mr. Fútbol. Andy stalman She has worked for thirty years on five continents, in all sectors of activity, in all industries, in developing and developed countries. He has just published his third book, ‘Totem. Turn customers into believers‘, and this is the current ambassador of i-Talks, the cycle of events of the Iberian press that inspires companies and entrepreneurs on digitization and industry 5.0. His biography falls between managerial positions in important companies and international recognition. This Argentinian, who places personalization and sustainable development above all else, is considered one of the world’s leading brand experts. And as there is no golden ball in the world of marketing, his career has earned him a prize of several carats: a ‘naming’ that is done with the sector, a reputation that defines his leadership. Stalman is known as Mr. Branding.

In ‘Totem. The Turn Clients into Believers talks about the importance of living the goal, why is this essential? In this period of pandemic we have reconnected with the raison d’être and the reason for existing of each brand: why does my brand exist? Why is this relevant? What does he have to do or propose that is important for people’s lives, to make their lives better, easier or happier? These whys become the goal of your existence. A lot of companies, when they start up, think about this goal, debate it and design it with a lot of enthusiasm, but then they don’t live it, it’s written somewhere on the web, in an office space, in a brand manual… AND the goal is as important to define it as it is to live it. To business leaders, I say review your goal and, if it is current, bring it to life by asking yourself and remembering why you are doing what you are doing and why you are impacting people’s lives. What are the keys to creating brand awareness? The pandemic also accelerated processes that already existed but were happening at a slow pace. One of them was the need to be more aware companies, brands and people. We are finished, we are vulnerable… Brands were intended to make money and be profitable, which is good, but what if you also had an awareness of vulnerability, finitude and the human being? Consciousness comes to rethink a new model of doing things, consuming things and creating value, something that is not at all against making money and being profitable at all, but it goes against doing so. ” a more enlightened way, which takes into account what impact our actions have and what impact have the actions that we stop taking. You place among the fundamental pillars the idea of ​​being sustainable, what will happen to companies that are not? Two particular things are happening. The first is that there are many brands that hide behind the shield of sustainability, but not out of conviction and belief, but through propagation and manipulation. Some call them greenwashing -eco-bleaching-: to say that you are sustainable without being. This is the bad side and you have to pay attention to it because, like in any fashion, there are people who ride the wave, and using it to deceive or manipulate is not good. There are also a lot of brands that have realized that sustainability is something much more important than the consumption of plastic, the consumption of the car, the act of sorting out waste … which is something that has to do with taking care for ourselves as a species. I have heard him say that the change the planet demands is not green but human. Almost 90% of people say they agree with sustainability, of which less than 5% know how to be sustainable. There are no sufficiently powerful or strategically designed advocacy spaces to reach citizens: everyone wants to be sustainable but no one wants to pay for transformation. Sustainability is not a destination, it is a permanent journey. To achieve the goal, it is necessary to integrate five sensitivities: public administration, businesses, academia, media and citizens. It is a shared project that requires everyone’s commitment. He puts a lot of emphasis on the importance of empowering people. Businesses are people, brands are people, and customers are people. Who doesn’t understand people, doesn’t understand business, or whatever. The technological revolution is more than welcome, advances in digitization, in machines, in robots, in artificial intelligence… asking us new questions in new contexts at a time of paradigm shift. If companies have always aimed to be product, service or business-centric, they must now be human-centric. This does not mean that I forget the business, but at the center of my strategies, my decisions and my actions, is the human being. It’s very obvious, isn’t it? It is as obvious as it is ignored in the corporate arena. If your brand isn’t creating value for people, improving lives, enlightening, simplifying or entertaining people’s lives, it practically signed a death certificate because it forgot what is important. And when you forget the human, then you have forgotten everything. Humanizing a brand pays off and that’s why those who do it earn more than those who don’t. Which brands are relevant when it comes to sharing experiences and why are they? I have a hundred examples of brands that don’t, and it’s hard for me to find brands that do. The big opportunity that I identify is that most don’t offer this differentiating value proposition because they don’t know each other well either. If you think of brands that offer positive immersive experiences, that can connect you with all five senses, the list isn’t as long as you would like. There are areas in which it is played with advantage, such as gastronomy or food, entertainment, sports, travel and tourism. The truth, however, is that services, insurance, banking, energy, transportation companies, and I can go the list, have an unprecedented opportunity to reconnect with their purpose, to have a much greater awareness. active in their behavior. impacting people’s lives, connecting with them by humanizing the treatment and the relationship, and providing a much more positive experience. Not by saying but by doing. Do you have any examples of bad experiences? There is an airline, I won’t give the name, that says on its staircase: “Prepare for a great experience”, and you walk in through the door of the plane and the two hostesses are talking to each other. . find out if the child went to school or whether the boyfriend responded or not. Then you sit in your seat and you’re kind of a human specter – unless he hits you at the fire exit! Yes, you had an experience, but a very bad one. In the realm of experience, there is such a long journey that those who start moving earlier have more opportunities to create much more value and to position themselves much stronger in the minds and hearts of customers. and employees. How important is building relationships for a brand? There is a fundamental question in the years to come: Companies that put transactions before relationships are companies that are going to have problems. The most important thing for a brand, between transaction and relationship, it is clear that they must be relationships. With its employees, with its suppliers, with its shareholders, with its customers & mldr; With the whole universe of stakeholders that each company has. Former Alphabet President Eric Schmidt said: The brands of the future will be worth more for their relationships than their physical assets. Above all, relationships must be consistent with what your brand represents. Nine in ten people stop choosing a brand because they don’t feel appreciated, a global Salesforce survey found. If your business today does not treat people well today, or puts the Excel cell before the relationship, today you can change, today you can grow, today you can understand that to start investing in relationships will not only be a lot more powerful, but also a lot more profitable. Nine out of ten. The brand & mldr; Many brands struggle to understand what branding is, which has nothing to do with a logo. Branding is the soul of your brand and has to do with your DNA and your reason for being, but also with values, your vision, your mission, with the talent of your people and with your culture. If within this ecosystem of tangible values ​​you have a set of beliefs but don’t put them into practice, you are failing them. Nothing happens, it’s a matter of reviewing it, adjusting it and reimplementing it. This big reset that the pandemic has given us is a great opportunity to start reconnecting with our internal teams, internal and external customers, and to start creating shared value. Since he released “BrandOffOn. The brand image of the future & rdquor; In 2014, what changed the most for a brand? What’s the biggest novelty in converting a customer to a believer? More than half of citizens say we trust companies more than politicians to make a difference. Brands are no longer dedicated to selling products or offering services. Creating better brands or transforming existing brands into better brands will lead to better businesses; If we have better companies, it will lead to the fact that the companies will improve too; and if societies improve, politicians improve. So if brands don’t sell products or offer services, what area are they in? Their mission is to improve the world. There are also other changes, a little below, like the shift from aesthetics to ethics, with the shift from being speakers of communication to being speakers of interest – generating content and stories. of value-, from transactions to relationships and the awareness that the human being is finite and that action must be taken in this plan of humanity to save not the world from its destruction but human civilization from its demise . The world will continue to live with and without humans. The big plan is for us to follow. And today, there are a lot of brands that have understood this and are doing a great, very committed job to change things. And things must be changed today


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Heng Fai Ambrose Chan Joins the Board of Directors of Value Exchange International, Inc. https://upbeetcommunications.com/heng-fai-ambrose-chan-joins-the-board-of-directors-of-value-exchange-international-inc/ Thu, 30 Dec 2021 16:45:22 +0000 https://upbeetcommunications.com/heng-fai-ambrose-chan-joins-the-board-of-directors-of-value-exchange-international-inc/ Enter Wall Street with Street Insider Premium. Claim your 1-week free trial here. HONG KONG – (BUSINESS WIRE) – Value Exchange International, Inc. (OTCQB: VEII) (Company), a provider of IT services for businesses in China, Hong Kong, Singapore and Manila, announced today hui that Mr. Heng Fai Ambrose Chan, an experienced entrepreneur and businessman, joined […]]]>

Enter Wall Street with Street Insider Premium. Claim your 1-week free trial here.


HONG KONG – (BUSINESS WIRE) – Value Exchange International, Inc. (OTCQB: VEII) (Company), a provider of IT services for businesses in China, Hong Kong, Singapore and Manila, announced today hui that Mr. Heng Fai Ambrose Chan, an experienced entrepreneur and businessman, joined the board of directors of the company as a non-executive director.

“Mr. Chan has an impressive track record of successful dynamic business development spanning decades,” said Tan Seng Wee Kenneth, Chairman of the Company. “We are delighted to welcome him to the Board of Directors of Value Exchange I know we will benefit from his expertise and leadership.

Mr. Chan is an accomplished global affairs veteran with over 45 years of successful experience. Mr. Chan specializes in financial restructuring and business transformation to unlock value and unleash entrepreneurial zeal while managing risk. He has successfully restructured more than 35 companies in diverse sectors in different countries. Most notably, 5 of the 35 restructured companies have a combined market capitalization of over $ 18 billion and, more importantly, they generate annual net profits in excess of $ 1.4 billion per year. Mr. Chan’s passion for business transformation is reflected in an average investment multiple of over 48X for each investment in the 5 companies. This does not include his first air charter business which he started during his college days.

Mr. Chan is: Executive Chairman and Chief Executive Officer of DSS, Inc., a company listed on the NYSE (NYSE: DSS); executive chairman of the board, executive director and chief executive officer of Alset EHome International Inc., a company listed on the Nasdaq (Nasdaq: AEI); Executive Chairman and Director of GigWorld, Inc., a public company in the United States; the Chairman and CEO, Executive Director and Executive Chairman of Alset International Limited, a diversified holding company listed on the Catalist of the Singapore Stock Exchange (SGX: 40V); president and director of LiquidValue Development Inc., a public company in the United States; a director of OptimumBank Holdings, Inc .; and President and Class II Director of Sharing Services Global Corporation, a US corporation.

To learn more about Mr. Chan’s background, please visit:

https://www.chf185.com/.

About value exchange: Value Exchange International, Inc. (“Company”) is a US holding company headquartered in Hong Kong, with offices in Shenzhen, Guangzhou, Shanghai and Beijing in China, Manila and Kuala Lumpur. The company provides integrated and market-leading point of sale / interaction points (POS / POI), merchandising, CRM and rewards, location-based marketing (GPS and Indoor Positioning System (IPS)), customer analysis and business intelligence solutions. The company’s retail point of sale solutions process tens of millions of transactions per year at approximately 20,000 points of sale in Asia.

Value Exchange IR Contact:

Johan pehrson

Email: ir@value-exch.com

www.value-exch.com

(852) 2950 4288

Source: Value Exchange International, Inc.


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Some predictions about work in 2022 https://upbeetcommunications.com/some-predictions-about-work-in-2022/ Sun, 26 Dec 2021 12:00:02 +0000 https://upbeetcommunications.com/some-predictions-about-work-in-2022/ I already fed up. It happens every year around this time. The same articles on the same subjects. They are everywhere. You know of the ones I’m talking about. It’s the one on “101 Tech Holiday Gifts”. Or the one on “16 CEOs New Year’s Resolutions.” It always looks the same in rotation at the […]]]>

I already fed up.

It happens every year around this time. The same articles on the same subjects. They are everywhere. You know of the ones I’m talking about.

It’s the one on “101 Tech Holiday Gifts”. Or the one on “16 CEOs New Year’s Resolutions.” It always looks the same in rotation at the end of each year.

Sorry, here’s another one.

I believe that in 2022, discussions about the future of work will not slow down. So here are my 5 predictions for work in 2022. You’re welcome.

1. Increased emphasis on culture and values

Many companies have mission statements, but that doesn’t mean everyone knows them.

Learning and development teams spend most of their time shaping company policies, not developing the people behind the work. But, that will change in the new year. With a workforce severely disconnected and disengaged because of everything from remote working to poor leadership, companies will feel the pressure to start investing more in strengthening their culture by investing in coaching and mentoring.

In 2021 we saw some surprising things on 1Huddle where the majority of games played had nothing to do with soft skills, safety / compliance or even product training. In fact, the most popular game topic was “Culture and Values” – 61% of all games played on 1Huddle in 2021 were on topics such as company mission, core values, brand standards, the history of the company and the team.

Culture for victory.

2. Leaders will need to become more political

Workers have had a lot to say this year – from COVID to Black Lives Matter to the big resignation. With 46% of the workforce now comprised of Millennials and Gen Z, we have a majority of our workforce who are interested not only in getting paid to work, but also the impact of their work on their community.

Expect this new majority of the workforce to demand more of their leaders, especially more vocal positions on topics that go beyond work. In 2021, we saw it on 1Huddle. The most requested games were about social justice topics. We have seen workers express their interest in more learning and training opportunities in everything from voting rights to diversity issues to inclusive leadership.

It’s time to upgrade your content game people.

3. Demand for training will skyrocket, but most companies will not invest

I’m not trying to be a downer.

But, unfortunately, worker training will continue to be seen as a “good to have” in 2022. This is unfortunate. It is shameful in fact. But too many companies today are spending more time trying to mitigate risk and become more efficient than they are trying to develop their workforce.

You do not agree ? Well, here’s some historical data for you …

● Today, the United States ranks last in terms of dollars invested in federal workforce training compared to 17 other major industrialized countries.

● 80% of workforce training focuses on safety training, not skills development

● 86% of workers perform work without recent training in the past 5 years

The numbers don’t lie.

4. Businesses will continue to invest in technology to automate, not to improve skills

A major negative impact of COVID has been on the function of human resources within companies. At the height of the pandemic, companies were not only cutting their marketing spending, but also the people within their organizations who were responsible for recruiting, training and developing their workers. The move crippled talent operations and was one of the main reasons companies have struggled to attract and retain workers over the past 6-9 months.

Much of the talk around a “labor shortage” has focused on workers’ refusal to return to work. However, if you dig deeper, you’ll see that a lot of the blame lies with businesses and their failure to maintain a strong culture of recruiting and development. It will be difficult to simply restart the engines of recruitment and training – it has already proven difficult. In fact, the longer it takes, the more comfortable businesses will be operating on less. This is already happening. Just look at the November 2021 Jobs Report which historically shows a positive increase in retail hires around the holiday season but missed big last month.

And, don’t even get me started on all the robots that flip burgers …

5. The fight for talent will become real

The workers are in the driver’s seat. Isn’t that where they should be?

The only thing you own as a worker is the trade for your time and your work. I believe that in 2022, workers will continue to wonder not only if they like where they work, but they will wonder who they work for. This new challenge is not something that many companies are ready for and it will translate into a revolving door for brands that haven’t shown they care about workers and will be a major opportunity for brands that take time to listen and invest in their workforce.

Then again. These are just my opinions. Now back to work.

Sam Caucci is the Founder and CEO of 1Huddle


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Fair value estimate of the Segezha Public Joint Stock Company group of companies (MCX: SGZH) https://upbeetcommunications.com/fair-value-estimate-of-the-segezha-public-joint-stock-company-group-of-companies-mcx-sgzh/ Fri, 24 Dec 2021 03:31:23 +0000 https://upbeetcommunications.com/fair-value-estimate-of-the-segezha-public-joint-stock-company-group-of-companies-mcx-sgzh/ In this article, we will estimate the intrinsic value of the Segezha Public Joint Stock Company (MCX: SGZH) group of companies by projecting its future cash flows and then discounting them to present value. To this end, we will take advantage of the Discounted Cash Flow (DCF) model. Don’t be put off by the lingo, […]]]>

In this article, we will estimate the intrinsic value of the Segezha Public Joint Stock Company (MCX: SGZH) group of companies by projecting its future cash flows and then discounting them to present value. To this end, we will take advantage of the Discounted Cash Flow (DCF) model. Don’t be put off by the lingo, the underlying calculations are actually pretty straightforward.

Remember, however, that there are many ways to estimate the value of a business and that a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should read the Simply Wall St.

See our latest analysis for the Segezha group of companies

What is the estimated valuation?

We are going to use a two-step DCF model, which, as the name suggests, takes into account two stages of growth. The first stage is usually a period of higher growth which stabilizes towards the terminal value, captured in the second period of “steady growth”. First, we need to estimate the cash flow of the business over the next ten years. Where possible, we use analyst estimates, but when these are not available, we extrapolate the previous free cash flow (FCF) from the last estimate or stated value. We assume that companies with decreasing free cash flow will slow their rate of contraction, and companies with increasing free cash flow will see their growth rate slow during this period. We do this to reflect the fact that growth tends to slow down more in the early years than in subsequent years.

A DCF is based on the idea that a dollar in the future is worth less than a dollar today, so we need to discount the sum of these future cash flows to arrive at an estimate of the present value:

10-year free cash flow (FCF) forecast

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Leverage FCF (RUB, Millions) ₽6.14b ₽9.67b ₽17.4b ₽22.8b ₽27.2b ₽31.4b ₽35.6b ₽39.7b ₽43.7b ₽47.8b
Source of estimated growth rate Analyst x4 Analyst x4 Analyst x4 Analyst x4 Est @ 19.33% Est @ 15.72% East @ 13.2% Est @ 11.44% Is 10.2% Est @ 9.34%
Present value (RUB, millions) discounted at 18% 5.2k ₽6.9k ₽10.6k 11.7k 11.8k ₽11.6k 11.1k 10.4k ₽9.7k 9.0k

(“East” = FCF growth rate estimated by Simply Wall St)
10-year present value of cash flows (PVCF) = 98b

After calculating the present value of future cash flows over the initial 10 year period, we need to calculate the terminal value, which takes into account all future cash flows beyond the first step. The Gordon growth formula is used to calculate the terminal value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 7.3%. We discount the terminal cash flows to their present value at a cost of equity of 18%.

Terminal value (TV)= FCF2031 × (1 + g) ÷ (r – g) = 48b × (1 + 7.3%) ÷ (18% – 7.3%) = ₽474b

Present value of terminal value (PVTV)= TV / (1 + r)ten= ₽474b ÷ (1 + 18%)ten= 89b

Total value, or net worth, is then the sum of the present value of future cash flows, which in this case is ₽187b. In the last step, we divide the equity value by the number of shares outstanding. From the current share price of 10.9, the company is shown at fair value at a discount of 8.4% from the current share price. Ratings are imprecise instruments, however, much like a telescope – move a few degrees and end up in another galaxy. Keep this in mind.

MISX Discounted Cash Flows: SGZH December 24, 2021

The hypotheses

We draw your attention to the fact that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own assessment of a company’s future performance, so try the math yourself and check your own assumptions. The DCF also does not take into account the possible cyclicality of an industry or the future capital needs of a company, so it does not give a full picture of a company’s potential performance. Since we consider the Segezha group of companies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which takes into account debt. In this calculation, we used 18%, which is based on a leveraged beta of 1.738. Beta is a measure of the volatility of a stock relative to the market as a whole. We get our beta from the industry average beta of comparable companies globally, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable company.

Looking forward:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn’t be the only metric you look at when researching a business. It is not possible to achieve a rock-solid valuation with a DCF model. Rather, it should be seen as a guide to “what assumptions must be true for this stock to be under / overvalued?” If a business grows at a different rate, or if its cost of equity or risk-free rate changes sharply, output can be very different. For the Segezha group of companies, we have compiled three important things that you should take a closer look at:

  1. Risks: Take risks, for example – Segezha group of companies has 3 warning signs (and 2 which are a bit disturbing) we think you should know about.
  2. Future benefits: How does SGZH’s growth rate compare to that of its peers and the broader market? Dig deeper into the analyst consensus number for years to come by interacting with our free analyst growth expectations chart.
  3. Other high quality alternatives: Do you like a good all-rounder? Explore our interactive list of high-quality stocks to get a feel for what you might be missing!

PS. Simply Wall St updates its DCF calculation for every Russian stock every day, so if you want to find the intrinsic value of any other stock just search here.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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The overhaul plan by IL&FS for the J&K tunnel values ​​it at Rs 5,200cr https://upbeetcommunications.com/the-overhaul-plan-by-ilfs-for-the-jk-tunnel-values-%e2%80%8b%e2%80%8bit-at-rs-5200cr/ Tue, 21 Dec 2021 22:30:00 +0000 https://upbeetcommunications.com/the-overhaul-plan-by-ilfs-for-the-jk-tunnel-values-%e2%80%8b%e2%80%8bit-at-rs-5200cr/ Mumbai: IL&FS submitted a restructuring proposal to the Chenani-Nashri Tunnel Lenders (CTNL), offering them a better deal after a failed plan to sell the project to Cube Highways. The proposal values ​​the project at Rs 5,200 crore – Rs 1,300 crore more than the appraisal under the Cube deal and contemplates an immediate payment of […]]]>
Mumbai: IL&FS submitted a restructuring proposal to the Chenani-Nashri Tunnel Lenders (CTNL), offering them a better deal after a failed plan to sell the project to Cube Highways. The proposal values ​​the project at Rs 5,200 crore – Rs 1,300 crore more than the appraisal under the Cube deal and contemplates an immediate payment of Rs 300 crore in interest arrears from April 2021. The restructuring will transform the company into a “green entity” with cash flow capable of serving all creditors.
Under the Cube deal, secured lenders would get 97% payback and unsecured lenders and operational creditors would get only 36%. According to the proposal IL&FS sent to lenders, CNTL debt will be restructured as of April 1, 2021, and interest will begin from that date. The recovery for secured and unsecured lenders would be 100% and 90% respectively.
“We confirm that CNTL is proposing a debt restructuring, subject to applicable approvals (including the NCLT ruling on pending legal proceedings). This is part of the ongoing efforts of the new board to ensure higher and faster resolution / recovery for all categories of stakeholders and lenders, ”said Sharad Goel, spokesperson for IL & FS .
According to sources, there is a lot of money in the CNTL SPV, over Rs 1400 crore. Thus, he is now able to make large cash payments. The lenders have declared the project a non-performing asset and, given the moratorium imposed as part of the restructuring, are not receiving any payments. The main financial creditors are SBI, Canara Bank, IndusInd Bank and Standard Chartered Bank Singapore.
After the CNTL valuation was revised to Rs 5,226 crore, Cube wrote to the new board to offer to slightly revise its previous offer of Rs 3,900 crore and requested an extension of time to purchase d ‘actions. Cube had also submitted his revised proposal to the NCLT for approval, which was denied. If the lenders accept the restructuring proposal, the SPV will become a profitable business and can be monetized through the InvIT channel.
The Chenani-Nashri project – a two-way, single-tube tunnel – cuts the travel distance between Jammu and Srinagar by approximately 40 km and saves more than two hours of travel time by bypassing areas prone to snow and snow. landslides. The tunnel was renamed after Shyama Prasad Mukherjee in 2019.


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