Current Assets – Free Bassuk http://freebassuk.com/ Fri, 21 Jan 2022 08:58:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://freebassuk.com/wp-content/uploads/2021/07/icon.png Current Assets – Free Bassuk http://freebassuk.com/ 32 32 Republicans seek to change eligibility for public assistance https://freebassuk.com/republicans-seek-to-change-eligibility-for-public-assistance/ Fri, 21 Jan 2022 00:02:28 +0000 https://freebassuk.com/republicans-seek-to-change-eligibility-for-public-assistance/ Iowa Republicans are again considering a proposal to change the state’s public assistance eligibility system, arguing that the changes could improve the state’s labor shortage. House Speaker Pat Grassley pointed to Gov. Kim Reynolds’ remarks last week when she proposed changes to state unemployment benefits and said ‘the safety net has become a hammock’ . […]]]>

Iowa Republicans are again considering a proposal to change the state’s public assistance eligibility system, arguing that the changes could improve the state’s labor shortage.

House Speaker Pat Grassley pointed to Gov. Kim Reynolds’ remarks last week when she proposed changes to state unemployment benefits and said ‘the safety net has become a hammock’ .

Grassley, R-New Hartford, said House lawmakers are reviewing existing Iowa policies, including the “social safety net,” as they address the workforce issue.

“We don’t want the government to be the reason people think they shouldn’t enter the workforce,” Grassley said.

This week, the House Social Services Committee passed a 2021 Senate proposal that would change how the Department of Human Services determines, verifies and tracks eligibility for public assistance programs, including the supplemental nutritional assistance (SNAP) and Medicaid.

House Minority Leader Jennifer Konfrst said Democrats are “very concerned” about the proposal, which the House has divided into parts for consideration.

“To assume that people aren’t working because they just don’t want to work, or that they’re taking public assistance because they’re lazy… is so, so unfair,” she said.

Democrats have argued that child care issues and the pandemic are driving forces behind Iowa’s labor shortage, rather than excessive state or federal assistance.

Konfrst, D-Windsor Heights, also argued that the state did not have a fraud problem warranting the changes.

“There’s not a big problem it’s trying to solve,” she said. “It’s just about demonizing people who need help.”

Republican Rep. Ann Meyer is advancing bills through the human resources committee. She told reporters on Tuesday the changes were necessary because of a high error rate for the Department of Human Services, pointing to a 2019 fine against the agency.

“We have to make sure that if people are eligible for the safety net, they get it,” she said. “And that people who don’t qualify, we don’t spend taxpayers’ money on them.”

DHS officials responded that the error rate had already improved since 2019.

How did we get here?

The House created seven bills from a 2021 Senate proposal. Senate Docket 389 directed the Department of Human Services to create or purchase a new system to verify and track Iowans’ eligibility for public assistance, and it changed some requirements for Iowans applying for food stamps.

Sen. Jason Schultz, a leader of the proposal, said the changes would improve the department’s efficiency.

“All we’re doing is trying to do the asset verification, the ID verification, their location, trying to make sure that can be done as efficiently as possible and as accurately as possible,” said Schultz. at a 2021 subcommittee meeting on the bill.

Democrats also opposed the proposal last year, arguing that the new system could make it harder for Iowans to access public assistance, or that a third-party provider would wrongfully deport people from their benefits.

“The more rigorous it is, the harder it is to register, and I think that’s probably your intention,” said Senator Liz Mathis during a floor debate on the legislation.

House lawmakers never accepted the bill. But Grassley said all proposals were being considered ahead of this session.

“We have to accept all ideas, whether we think they will be signed by the governor or passed by the House or rejected by the committee,” he said. “We need all these bills on the table.”

Proposals would require DHS to redesign asset checks for eligibility

The House considered several parts of the legislation in subcommittee, but many proposals are stalled, pending further discussion or clarification from experts. Lawmakers and lobbyists have also noted that some of the bills do not work well as stand-alone measures.

Here is where the proposals stand:

BSS 502 would require DHS to redesign its system for verifying the incomes and assets of Iowans receiving public assistance. The bill requires a “real-time system” that can be accessed “periodically” to check if Iowans are eligible for certain programs.

Opponents of the proposal have seen problems with real-time checks, arguing that the system could incorrectly flag someone on payday, when their assets are at their peak for the month.

A subcommittee tabled the bill for further discussion.

BSS 503 would require DHS to refer suspected fraud cases to the Department of Inspections and Appeals. Under current law, the DIA already investigates cases of fraud. Lawmakers have yet to discuss this proposal.

BSS 504 would create a knowledge-based online questionnaire for applicants for public assistance. The test would be an additional means of confirming a person’s identity, especially for an individual with no bank account or credit history.

Lobbyists broadly backed the idea at a subcommittee last week, but proposed that the questionnaire be optional, rather than an extra step for each candidate.

The subcommittee recommended passage.

HSB 505 would link the Supplemental Nutrition Assistance Program (SNAP) to cooperation with the Child Support Recovery Unit. Lawmakers tabled the proposal for further discussion, raising concerns that the “cooperation” was unclear.

BSS 507 would require DHS to review a person’s income and physical assets — such as cars or homes — before deciding whether they qualify for assistance. Lawmakers have yet to consider the bill.

BSS 508 would require DHS to use an asset test to determine if someone is eligible for food stamps. That would be more restrictive than the state’s current system, which allows people to qualify for SNAP by enrolling in other programs. The legislators did not consider this change of subcommittee.

BSS 515 sets out the rules DHS must follow if it finds an anomaly in someone’s information. The recipient of public aid would have 10 days to respond to the discrepancy or risk losing their aid. The subcommittee recommended the bill be “delayed indefinitely” on Thursday, noting that the proposal doesn’t make much sense as a stand-alone bill.

House lawmakers also pointed to an eighth bill, HSB 506, that would change re-enrollment guidelines for Iowa’s health and wellness plan, which is the state’s expanded Medicaid program.

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Concraft: Announcement of Unaudited Consolidated Financial Information for December 2021 https://freebassuk.com/concraft-announcement-of-unaudited-consolidated-financial-information-for-december-2021/ Wed, 19 Jan 2022 06:42:16 +0000 https://freebassuk.com/concraft-announcement-of-unaudited-consolidated-financial-information-for-december-2021/ Close Provided by: CONCRAFT HOLDING CO., LTD SEQ_NO 1 announcement date 2022/01/19 Announcement time 14:28:42 Topic Announcement of the unaudited consolidated financial information for December 2021 Date of events 2022/01/19 What item it responds to paragraph 51 Declaration 1.Date of occurrence of the event:2022/01/19 2.Cause of occurrence:According to the request by TWSE, the Company announces […]]]>

Close

Provided by: CONCRAFT HOLDING CO., LTD

SEQ_NO

1

announcement date

2022/01/19

Announcement time

14:28:42

Topic

 Announcement of the unaudited consolidated
financial information for December 2021

Date of events

2022/01/19

What item it responds to

paragraph 51

Declaration

1.Date of occurrence of the event:2022/01/19
2.Cause of occurrence:According to the request by TWSE, the Company
announces the unaudited financial information.
3.Financial information date:December 2021
4.Cash and cash equivalents(Unit:NT��000):95,919
5.Financial assets at fair value through profit or loss�Vcurrent
  (Unit:NT��000):0
6.Financial assets at fair value through other comprehensive
income�Vcurrent (Unit:NT��000):0
7.Non-current assets that are TWSE or GTSM listed securities (including
  unrealized valuation amount) (Unit:NT��000):0
8.Short-term debt (Unit:NT��000):804,217
9.Short-term notes payable (Unit:NT��000):0
10.Long-term liabilities due within 1 year (Unit:NT��000):799,302
11.Other accounting accounts (Unit:NT��000):
Restricted deposits�Vcurrent 48,310
12.Countermeasures:
Regarding the third quarter of the company in response to the increase
in the risk of default in this quarter, in accordance with International
Financial Reporting Standards No. 9 requirements, the expected credit loss
of 2.63 billion dollars must be provided for this quarter. The explanation
is as follows:
I.The reasons for the above losses are due to the gap between the company
and the sales customers in the perception of product quality or attribution
of responsibility.In addition to continuous communication and negotiation
with customers, the company still believes that all sales have been
collected.The right of payment does not affect the recognition of previous
periods of revenue. The company will strengthen communication with
customers for future sales activities, and reasonably recognize future
operating income based on the results of the communication between the
two parties.
II.Although there is a gap in understanding between the company and sales
customers,the company is currently in continuous negotiation with customers
and will take allpossible measures to strive for the best interests of the
company's shareholders in the future.
III.In view of the third quarter financial situation, the following measures
will be taken to improve future operations and financial situation:
   (1)Improve operating conditions
      (a)Due to the characteristics of the industry, the Group has a
         long collection period. The Group intends to negotiate with sales
         customers to change the terms of collection, and actively
         negotiate with sales customers on the collection of accounts
         receivable to enrich working capital.
      (b)The Group is also actively negotiating with sales customers on
         the business conditions of molds and automation equipment for
         the development of products,from the apportionment system to
         sales customers borne and pre-collected related payments to
         reduce development costs.
      (c)The Group expects to negotiate with sales customers to increase
         product prices to reflect the increase in production and
         purchase costs.
   (2)  Financial health plan
      (a)The company has already obtained a financial commitment letter
         for working capital from major shareholders to support the company.
      (b)Look for strategic investors to introduce investment funds.
      (c)Actively negotiate low-interest loans with financial institutions.
13.Any other matters that need to be specified:None

Warning

Concraft Holding Co.Ltd. published this content on January 19, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 19, 2022 06:41:06 UTC.

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2021 Concraft Holding Co., Ltd. publishes its results for the third quarter and nine months.

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2021 Concraft Holding Co., Ltd. announces its results for the year ended December 31.

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Sales 2020 4,305 million
156 million
156 million
Net income 2020 -145M
-5.26M
-5.26M
Net debt 2020 2,793 million
101M
101M
2020 PER ratio -93.0x
2020 performance 0.12%
Capitalization 4,485 million
162 million
162 million
EV / Sales 2019 5.08x
EV / Sales 2020 3.80x
# of employees
Floating 53.8%

Chart CONCRAFT HOLDING CO., LTD.
Duration :

Period :

Concraft Holding Co., Ltd.  Technical Analysis Chart |  MarketScreener

Trends Technical Analysis CONCRAFT HOLDING CO., LTD.

Short term Middle term Long term
Tendencies Bearish Bearish Bearish

Evolution of the income statement

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Hoyer thinks the economic future is bright in West Virginia https://freebassuk.com/hoyer-thinks-the-economic-future-is-bright-in-west-virginia/ Mon, 17 Jan 2022 15:13:55 +0000 https://freebassuk.com/hoyer-thinks-the-economic-future-is-bright-in-west-virginia/ MORGANTOWN, W. Va. – When West Virginians think of the pandemic response, one of the main names that comes to mind is Jim Hoyer. But, the retired general is also heavily involved in state-level economic development efforts through the Joint InterAgency Task Force. James Hoyer Hoyer describes his current work in economic development as “running […]]]>

MORGANTOWN, W. Va. – When West Virginians think of the pandemic response, one of the main names that comes to mind is Jim Hoyer. But, the retired general is also heavily involved in state-level economic development efforts through the Joint InterAgency Task Force.

James Hoyer

Hoyer describes his current work in economic development as “running interference” between corporations, heads of state and Vantage Ventures.

Vantage Ventures is part of the WVU John Chambers School of Business and Economics with the goal of turning West Virginia into a startup state. Since 2019, Vantage Ventures has nurtured the ideas and talent of potential entrepreneurs to implement concepts with economic impact.

“Sarah Biller and the folks at Vantage Ventures who aren’t just working on 24 high-tech companies right now,” Hoyer said. “We tweaked their mission a bit to work on what I call catching the big fish.”

The influx of money for pandemic relief has opened up more opportunities. Hoyer said his challenge was to work as a team to identify the best use for that one-time relief money.

“We are starting to focus now on assisting the state economic development team – Mitch Carmichael, Mike Graney, the Governor’s office and local economic development officials on asset bandwidth,” said Hoyer said.

West Virginia must compete with other states on tax structure, available labor, and geographic location for potential customers or users. But here, there is less land suitable for development. State government and federal relief money can help improve infrastructure

“We not only have to be a good place to do business, but we also have to have places ready to do business,” Hoyer said.

Following the announcement of a $2.7 billion Nucor steel plant in Mason County and a medical warehouse in the Morgantown area, Hoyer believes the state is on the rise. Hoyer based that observation on many years of work with state lawmakers and service in the West Virginia National Guard.

“I would tell you that I have never seen greater interest in operating in the state of West Virginia than in the past 12 to 18 months,” Hoyer said.

Another job announcement is expected in the spring, involving a company that may move into a 300,000 square foot facility in the Morgantown Industrial Park. The Morgantown Utility Board is upgrading water and sewer facilities there with a $2 million grant from the U.S. Department of Commerce.

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China’s real estate crisis hits the country garden of the biggest builder https://freebassuk.com/chinas-real-estate-crisis-hits-the-country-garden-of-the-biggest-builder/ Sun, 16 Jan 2022 00:30:48 +0000 https://freebassuk.com/chinas-real-estate-crisis-hits-the-country-garden-of-the-biggest-builder/ (Bloomberg) – The crisis engulfing China’s real estate sector is impacting its biggest promoter, with shares and bonds of Country Garden Holdings Co. hammered amid fears that a failed fundraising effort could be the harbinger of a loss of confidence. Country Garden is one of the few higher quality large private developers to have been […]]]>

(Bloomberg) – The crisis engulfing China’s real estate sector is impacting its biggest promoter, with shares and bonds of Country Garden Holdings Co. hammered amid fears that a failed fundraising effort could be the harbinger of a loss of confidence.

Country Garden is one of the few higher quality large private developers to have been largely unaffected by the liquidity crunch, although peers such as Shimao Group Holdings Ltd. saw their credit ratings reverse dramatically.

The company is seen as an indicator of contagion risk as unprecedented levels of stress in the offshore credit market threaten to drive down good credit along with bad.

What is the company?

Since taking the top spot in China Evergrande Group in 2017, Country Garden has remained the country’s largest developer in China by contract sales. It employs more than 200,000 people.

Based in the southern city of Foshan in Guangdong province, the company – like China Evergrande Group – has focused in recent years on building housing estates in lower-tier cities.

It has relied heavily on access to finance in the offshore credit market, like many peers who have bet on debt to fuel growth. It has the largest pool of outstanding dollar bonds among China’s largest property companies, excluding defaulters, with some $11.7 billion outstanding, according to data compiled by Bloomberg.

Founding chairman Yeung Kwok Keung transferred his majority stake to his daughter Yang Huiyan in 2005. She is now vice chairman of the company and is China’s richest woman, according to a Bloomberg Billionaire Index.

What is happening?

Some of Country Garden’s dollar bills plunged to record lows following a report that the company failed to garner sufficient investor support for a potential convertible bond deal. Longer-term bonds were trading as low as 69 cents on the dollar Friday night.

The developer has been relatively resilient in the face of the liquidity crisis triggered by a government crackdown on excessive builder borrowing and property market speculation, and has been unaffected by the crisis at industry giant Evergrande.

Although Country Garden is not expected to face imminent repayment pressure – it has $1.1 billion in dollar obligations due this year and had 186 billion yuan ($29.3 billion) in free cash. in June last year – risks may arise if seen have limited access to funding.

Country Garden did not immediately respond to a Bloomberg request for comment on Friday afternoon.

Why is this important?

Any sign of doubt about the firm’s ability to weather liquidity stress risks may lead to a widespread reassessment of other high-quality promoters.

With over 3,000 housing projects located in almost every province in China, Country Garden’s financial health has immense economic and social consequences. If the company begins to show signs of stress, it will seriously damage the already fragile confidence of investors and homebuyers, which will threaten the Chinese economy and even social stability.

According to its 2021 interim report, more than 60% of Country Garden’s contract sales in mainland China came from third- and fourth-tier cities. Demand in lower-tier areas could weaken significantly in 2022, according to a forecast from Fitch analysts. Being a “pure developer” it is less flexible when it comes to raising funds by selling assets, according to Bloomberg Intelligence analyst Andrew Chan.

What does the company say?

Country Garden’s strategy is to effectively manage its current assets, in addition to growing its business, the company said in response to inquiries from Bloomberg News. “The business is experiencing less volatility than the broader market” amid a broader market downturn, he said.

The developer sold bonds and asset-backed securities in the local market in December, reflecting support from investors and regulators, and maintained its ratings with all three major rating agencies last year, according to comments.

What are the rating agencies and analysts saying?

Country Garden holds both investment-grade and high-yield credit ratings from all three leading risk assessors, making it a so-called crossover name that could potentially become a “fallen angel.” That in turn could increase its borrowing costs and eliminate another builder from the dwindling pool of higher-rated developers that investors can turn to during the credit crunch.

It has the equivalent of a triple B investment grade rating from Moody’s Investor Services and Fitch Ratings, and the highest possible speculative rating from S&P Global Ratings. Still, the borrower is likely to “strengthen its financial resilience by controlling debt growth and maintaining disciplined land acquisitions,” S&P analysts wrote in a September report that reaffirmed its rating.

The builder could struggle to revive sales in 2022 with weakening market sentiment in lower-tier cities, where 77% of its land reserve is located, according to Bloomberg Intelligence analyst Kristy Hung. The considerable amount of land newly acquired by the company continues to be located in these areas, raising new concerns about raising money, she wrote.

What do traders expect next?

Investors are now looking at Country Garden’s ability to raise funds from various channels, especially as the offshore credit market remains effectively closed to most developers. It must repay or refinance some $1.3 billion in bonds this year, the majority of which are dollar notes. Its next maturity is a $425 million bond due Jan. 27.

Attention has also turned to the contagion effects of falling Country Garden bond prices on the ratings of other stronger developers, as fears of contagion risks remain high.

©2022 Bloomberg LP

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Universal Corporation: Balance Sheet Trends in Numbers (NYSE: UVV) https://freebassuk.com/universal-corporation-balance-sheet-trends-in-numbers-nyse-uvv/ Fri, 14 Jan 2022 08:44:00 +0000 https://freebassuk.com/universal-corporation-balance-sheet-trends-in-numbers-nyse-uvv/ DNY59/E+ via Getty Images We wrote about Universal Corporation (NYSE: UVV) in August of last year, when we reviewed the key metrics that make up the company’s dividend. UVV is a closely watched stock due to a 50+ year dividend record and exceptional dividend yield of 5.5%+. Our research at the time regarding the dividend […]]]>

DNY59/E+ via Getty Images

We wrote about Universal Corporation (NYSE: UVV) in August of last year, when we reviewed the key metrics that make up the company’s dividend. UVV is a closely watched stock due to a 50+ year dividend record and exceptional dividend yield of 5.5%+. Our research at the time regarding the dividend looked promising and tied well to the uptrends we were seeing on the technical chart. Universal shares are up just over 8% since we wrote that August article just over 5 months ago.

Followers of our work will be aware that we place a lot of importance on MACD buy signals on long-term charts (due to the amount of information digested), and that’s what played out here once. once again. UVV recorded a buy signal on the weekly chart last year through a MACD crossover on oversold conditions. Stocks confirmed a bottom soon after, but there should be plenty of leg left in this current rally as the technical indicator is now only entering positive territory.

As we can see above, stocks are now coming up against long-term resistance that dates back to 2017. If stocks can break through convincingly, then this area will immediately become long-term support for UVV stocks. Therefore, to assess whether we are indeed correct in our technical analysis, another area for long-term investors to consider in addition to the dividend is the financial condition (balance sheet) of Universal Corporation. Encouraging trends here would certainly reinforce the bullish case for UVV.

Can UVV break above resistance?

Universal Corporation MACD Crossover

Stockcharts.com

Cash and cash equivalents

Total cash and ST investments were nearly $101 million in the second quarter (fiscal 2022). With a market cap of $1.369 billion, UVV currently trades for just under 14x cash, which is actually higher than what we’ve seen at Universal in recent years. With a cash balance of just under $100 million, Universal is holding less cash than usual.

Current ratio

Therefore, it is important to monitor liquidity by looking at the current ratio. This ratio is essentially a solid read on UVV’s ability to service its short-term debt should it do so for unforeseen reasons. We calculate this ratio by dividing Universal’s current liabilities by its current assets. In the company’s last quarter, the current ratio was 4.15. Again, interestingly, we see a downward trend over the past few years. Additionally, if we remove Universal’s inventory from the equation, we get a quick ratio of 1.15 which is significantly lower than its 5-year average.

What’s the problem here? Well, while Universal’s assets have held fairly steady above $1.6 billion, inventory now accounts for $1.015 billion of that total. This presents a risk on the table as Universal’s inventory now accounts for nearly 50% of the company’s annual sales (TTM). Suffice to say that this trend deserves to be watched over the coming quarters.

Non-current assets

Universal’s non-current assets consist primarily of property, plant and equipment ($369 million), equity and investments ($85 million), goodwill ($173 million), and intangible assets ($68 million). of dollars). PPE has been pretty stable lately, which is what we generally like. Goodwill has only recently appeared on the balance sheet through acquisitions, so it will be interesting to see if this item proves itself in the income statement over time.

return on assets

To see how effective Universal’s assets are at generating profits, we turn to measuring asset performance. As we can see from the chart below, the ROA started to rise last year when we got this MACD crossover. On a 12-month average, Universal’s ROA is just over 4%, which means we’re still over 6% of Universal’s 5-year average. Suffice it to say, Universal’s assets are actually underperforming right now, so we should see a lift here to bring us back towards the average.

Looking for ROA to come back mean here in UVV

Universal Corporation – Return on Assets

Stockcharts.com

Short-term debt versus long-term debt

At the end of the third quarter, Universal’s short-term debt stood at $185 million while long-term debt stood at $518 million. Currently, the cash balance does not cover short-term debt, which is why we always prefer higher cash trends and less inventory rather than the other way around. Universal’s debt-to-equity ratio was 0.41 in the second quarter, again showing an upward trend over the past five years. The impact of this debt is reflected in the income statement by the downward trend in the interest coverage ratio, which now stands at 6.5 on an average of the last twelve months.

Equity

Equity stood at $1.297 billion at the end of the last second quarter, meaning there has been little change in net worth over the past 5 years. Additionally, inventory, goodwill and debt have all increased (as a percentage of related equity) over this period, which adds more risk to the table. The question then becomes whether the large dividend is the right course of action from a longevity perspective for Universal. Dividend investors also like to see strong capital gains on their positions, but stock price appreciation becomes difficult over the long term when equity is not growing on the balance sheet.

Conclusion

So, to sum up, based on the trends we discussed above, we don’t think stocks will have the momentum to break above long-term resistance on this current rally. Liquidity and solvency trends have weakened somewhat as management continues to pump more than $70 million a year into the dividend. We look forward to continued coverage.

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ExxonMobil to divest its shale gas assets in the United States https://freebassuk.com/exxonmobil-to-divest-its-shale-gas-assets-in-the-united-states/ Wed, 12 Jan 2022 12:28:01 +0000 https://freebassuk.com/exxonmobil-to-divest-its-shale-gas-assets-in-the-united-states/ Exxon aims to focus on developing its assets in Guyana, off Brazil and in the Texas Permian Basin shale field. Credit: WORKSITE Ltd. on Unsplash. ExxonMobil has reportedly started selling its shale gas assets in the Appalachian Basin, Ohio. The sale of the 27,000-acre properties in the basin is part of the oil and gas […]]]>

ExxonMobil has reportedly started selling its shale gas assets in the Appalachian Basin, Ohio.

The sale of the 27,000-acre properties in the basin is part of the oil and gas company’s current strategy to divest the US assets, Reuters reported.

According to a marketing document consulted by the news agency, the company has put up for sale 61 wells, as well as stakes in 274 wells operated by other partner companies.

The 61 wells produced approximately 81 million cubic feet per day of natural gas equivalent in 2021.

A potential sale of the assets could net the company around $ 200 million. This is based on current natural gas prices and production from existing wells, the news agency added, citing a person familiar with the matter.

Exxon spokeswoman Sarah Nordin was quoted by Reuters: “ExxonMobil provides information to third parties who may have an interest in the assets, but no deal has been reached and no buyers have been made. identified “.

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The sale of the properties will allow Exxon to focus more on developing its assets in Guyana, off Brazil and on the Permian Basin shale field in Texas.

ExxonMobil also announced that it has acquired a 49.9% stake in Norwegian biofuels company Biojet.

The acquisition is part of ExxonMobil’s efforts to develop and deploy low-emission energy solutions.

The company, which started a low-carbon solutions business last year, is currently evaluating biofuels, carbon capture and storage and hydrogen projects around the world.

ExxonMobil Fuels and Lubricants Company President Ian Carr said: “The agreement with Biojet AS advances ExxonMobil’s efforts to provide low-emission products for the transportation industry.

“By using our access to the Slagen terminal, we can efficiently distribute biofuels in Norway and countries in northwestern Europe. “

Earlier this month, ExxonMobil announced that it had made oil discoveries off Guyana.

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Roberto Firmino back in the running for the bosses of the Dream Team until the return of the CAN assets https://freebassuk.com/roberto-firmino-back-in-the-running-for-the-bosses-of-the-dream-team-until-the-return-of-the-can-assets/ Mon, 10 Jan 2022 12:36:00 +0000 https://freebassuk.com/roberto-firmino-back-in-the-running-for-the-bosses-of-the-dream-team-until-the-return-of-the-can-assets/ LIVERPOOL had a momentary scare on Sunday when Shrewsbury took the lead in the FA Cup third round at Anfield. However, that was as far as the magic spread as the Reds rallied to beat the League One side 4-1 to secure progress in a competition that has generally frustrated Jurgen Klopp. Roberto Firmino (£ […]]]>

LIVERPOOL had a momentary scare on Sunday when Shrewsbury took the lead in the FA Cup third round at Anfield.

However, that was as far as the magic spread as the Reds rallied to beat the League One side 4-1 to secure progress in a competition that has generally frustrated Jurgen Klopp.

Roberto Firmino (£ 3.8million) came off the bench midway through the second half and scored a back heel from close range to take the score to 3-1 and clear the last vestige of danger for the hosts .

It might not have been the most important goal of the Brazilian’s career, but it was a timely strike given the task ahead this month.

getty

Vintage Firmino

With Sadio Mane (£ 4.6million) and Mohamed Salah (£ 8.2million) on international missions for Senegal and Egypt respectively at the Africa Cup of Nations, Firmino is expected to play a role. key in the coming weeks.

The 30-year-old has only completed 90 minutes once since being injured against Atletico Madrid in October, but if Klopp’s side are to gain ground over Man City in the race for the Premier League title, he will have to deal with Diogo Jota (£ 5.1million) transparently.

Naturally, then, Firmino is again a potentially viable option for the Dream Team gaffers.

It’s easy to forget that the Liverpool No.9 was having an impressive season ahead of his dismissal.

Everyone now knows that goals are almost secondary where Firmino is involved – they exist primarily to tie the first three together into a cohesive unit.

While that remains true, the goals have passed easily for him when he has been on the pitch this season.

Liverpool will have to rely on their No.9 in the absence of Salah and Mane

getty

Liverpool will have to rely on their No.9 in the absence of Salah and Mane

In fact, he averages one goal every 104 minutes in 2021/22 across all competitions.

If you add in any assists, he produces a goal implication every 73 minutes – a stat that should appeal to any self-respecting Dream Team manager.

Despite Firmino having only started four league games this season, he is only 11 points from the Dream Team’s top ten.

Obviously, the fixture list is more subject to change in the current environment than ever before, but Liverpool are set to face Arsenal (x2), Brentford, Crystal Palace and Cardiff ahead of the CAN final.

How many points will Jota and Firmino produce on these games?

Importantly, the Portugal international holds 27.5% while the Brazilian only appears in 2.5% of squads.

Those in need of a differential should consider Firmino rather than Jota, although the drastic option of selecting both has potential as well.


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Liz Weston: Gifting Large Goods, Even After Death, May Have Conditions https://freebassuk.com/liz-weston-gifting-large-goods-even-after-death-may-have-conditions/ Sat, 08 Jan 2022 15:00:00 +0000 https://freebassuk.com/liz-weston-gifting-large-goods-even-after-death-may-have-conditions/ Dear Liz: A reader recently asked about the possibility of giving a rental house to the sister who has lived there for 10 years. You mentioned that the reader should file a donation tax return since there is a maximum of $ 15,000 for a donation exemption. Couldn’t the owner just add the sister to […]]]>

Dear Liz: A reader recently asked about the possibility of giving a rental house to the sister who has lived there for 10 years. You mentioned that the reader should file a donation tax return since there is a maximum of $ 15,000 for a donation exemption. Couldn’t the owner just add the sister to the title so that when they pass the sister becomes the sole owner of the house without having to deal with taxes, probate etc. Likewise, if the sister dies first, the current owner will keep the property to give, sell, give as he sees fit.

Responnse: Adding the sister to the deed would be considered a donation, so the reader would still have to file an income tax return.

Owning the house together would bypass probate and give the surviving sister a tax break, and that half of the house would get what is known as an increase in the tax base upon the death of the first sister. Another option, if the reader wishes to retain ownership, would be a death transfer deed, available in many states. The reader was clear that she wanted to give an outright gift, but she could consult with a lawyer specializing in real estate or estate planning about other options.

Dear Liz: I would like to give money to my grandchildren, but I don’t want to pay income tax on my IRA or 401 (k) withdrawals. Will they get it tax free when I die?

Responnse: Unfortunately no.

Withdrawals from retirement accounts are generally taxable whether the person making the withdrawals is the original contributor or an heir. In addition, non-spouses who are beneficiaries of retirement accounts generally have to withdraw the money within 10 years.

Liz Weston, Certified Financial Planner, is a personal finance columnist for NerdWallet. Questions can be directed to him at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the “Contact” form at asklizweston.com.


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Parkit to acquire two industrial assets for $ 17,000,000; Problem options https://freebassuk.com/parkit-to-acquire-two-industrial-assets-for-17000000-problem-options/ Tue, 04 Jan 2022 22:44:35 +0000 https://freebassuk.com/parkit-to-acquire-two-industrial-assets-for-17000000-problem-options/ Enter Wall Street with Street Insider Premium. Claim your 1-week free trial here. Toronto, Ontario – (Newsfile Corp. – January 4, 2022) – Business Parkit inc. (TSXV: PKT) (“Parkit” or the “Company”), has agreed to acquire two Class A located industrial assets from two groups of sellers (collectively, the “Sellers“) for an aggregate purchase price […]]]>

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


Toronto, Ontario – (Newsfile Corp. – January 4, 2022) – Business Parkit inc. (TSXV: PKT) (“Parkit” or the “Company”), has agreed to acquire two Class A located industrial assets from two groups of sellers (collectively, the “Sellers“) for an aggregate purchase price of $ 17,000,000, subject to customary adjustments (the”AcquisitionsThe two acquisitions are at arm’s length. The acquisitions are expected to close in the first quarter of 2022.

The acquisitions total 141,031 square feet and are located in Boisbriand, Quebec, and London, Ontario.

Purchase price and payment
The aggregate purchase price of the Acquisitions is $ 17,000,000, subject to adjustments, and is payable by the issuance of approximately $ 2,500,000 of Parkit common stock for one of the assets on the basis an agreed VWAP ending three days before closing, with the remainder of the aggregate purchase price paid with available funds and mortgage assumption.

Steven Scott, Chairman of the Board of Parkit, said: “The acquisitions begin the year by adding a strategic asset in London, Ontario, and entering the Quebec market with a Class A industrial property located in the suburbs of Montreal.

Conditions precedent to acquisitions
Parkit’s obligations to complete the acquisitions are subject to conditions, including, but not limited to: satisfactory due diligence and satisfactory environmental site assessment reports. The obligations of Parkit and the Sellers to complete the closing of the Acquisitions are subject to the satisfaction of other customary closing conditions and include, for one of the Acquisitions, acceptance of the TSX Venture Exchange (“TSXVNeither of the vendor group’s two acquisitions is conditional or conditional on the completion of the other acquisition.

other information
There can be no assurance that the Acquisitions will be completed as proposed or at all. The TSX Venture Exchange has in no way reviewed the merits of the acquisitions and has neither approved nor disapproved the contents of this press release. No new insider will be created and no change of control will take place following the Acquisitions.

Issue of options
Certain officers, employees, consultants and directors received a total of 3,400,000 options under the Company’s option plan in effect on December 31, 2021, each of these options being exercisable in one common share at a price of exercise $ 1.50 at any time on or before the tenth anniversary of its issuance. Each of the options acquired upon grant.

Of the options granted above, 3,125,000 options were granted to the directors and officers of the Company. The Company avails itself of the exemptions from the formal assessment and minority approval requirements of Multilateral Instrument 61-101 and Policy 5.9 of the TSX Venture Exchange, for the issuance of these options, in accordance with the Section 5.5 (b) (Issuer not listed on specified markets) and Section 5.7 (a) (Fair market value not exceeding 25% of market capitalization) of NI 61-101, respectively.

About Parkit Entreprise Inc.
Parkit is an industrial real estate platform focused on the acquisition, growth and management of industrial properties strategically located in key markets in Canada, with a focus on the Greater Toronto Area + (“RGT +”), Ottawa and Montreal, to supplement its parking assets across the United States. Parkit’s common shares are listed on the TSX Venture Exchange (symbol: PKT).

For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott:

Investor Relations
Phone number: 1-888-627-9881
Email: ir@parkitenterprise.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included in this document are forward-looking information. In particular, this press release contains forward-looking information concerning: statements concerning the proposed acquisitions, including the closing and timing thereof, the method of payment for the proposed acquisitions and the satisfaction of the conditions relating to the proposed acquisitions; and Parkit’s strategy and direction in acquiring high quality, strategically located industrial properties, with a focus on the GTA +, in Ottawa and Montreal. This forward-looking information reflects Parkit’s current beliefs and is based on information currently available for Parkit and on assumptions that Parkit considers reasonable. These assumptions include, but are not limited to: the completion of a satisfactory due diligence by Parkit with respect to the proposed acquisitions; satisfactory compliance with all conditions precedent to the proposed acquisitions, including satisfactory due diligence and satisfactory environmental site assessment reports; receipt of all required approvals for the proposed acquisitions, including any third party consent; market acceptance of the proposed acquisitions; the receipt and accuracy of the value of appraisals received for proposed acquisitions; the level of activity of industrial real estate and the economy in general; consumer interest in Parkit’s services and products; and Parkit’s continued response and ability to navigate the COVID-19 pandemic are consistent or better than his ability and response to date. Forward-looking information is subject to risks and uncertainties which may cause actual results, performance or developments to differ materially from those contained in such forward-looking information. These risks, uncertainties and factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive third party or regulatory approvals; the actual results of future Parkit operations; competetion; changes in legislation, including environmental legislation, affecting Parkit; the timing and availability of external financing on acceptable terms; conclusions of economic evaluations and assessments; the lack of skilled and skilled labor or the loss of key individuals; risks associated with the COVID-19 pandemic, including various recommendations, orders and actions by government authorities to attempt to limit the pandemic, including travel restrictions, border closures, non-essential business closures, interruptions service, quarantines, self-isolation, shelter-in-place, social distancing and mandatory vaccination policies, disruption of markets, economic activity, funding, supply chains and sales channels, and deterioration general economic conditions, including a possible national or global recession; and the impact the COVID-19 pandemic may have on Parkit, which may include: a short-term delay in customer payments, an increase in accounts receivable and an increase in losses on accounts receivable; decrease in demand for the services offered by Parkit; and a deterioration in the financial markets which could limit Parkit’s ability to obtain external financing. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Parkit’s disclosure documents on the SEDAR website at www.sedar.com. Although Parkit has attempted to identify important factors which could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results to not be as anticipated, estimated or expected. . Therefore, readers should not place undue reliance on forward-looking information. Readers are further cautioned not to place undue reliance on forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which it is based will be achieved. This information, although considered reasonable by management at the time of its preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. The forward-looking information contained in this press release represents Parkit’s expectations as of the date of this press release and, therefore, is subject to change after this date. However, Parkit expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109078


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After artists, now gamers and game companies are heating up at NFTs https://freebassuk.com/after-artists-now-gamers-and-game-companies-are-heating-up-at-nfts/ Sun, 02 Jan 2022 18:03:11 +0000 https://freebassuk.com/after-artists-now-gamers-and-game-companies-are-heating-up-at-nfts/ “As kids we grew up with virtual currencies, spent so many hours on missions just to acquire digital assets. It’s pretty exciting to know that these assets can now be monetized, ”he said. Once you sell NFTs, you get a lifetime secondary sales royalty. “Plus, as a gamer, I can sell things that I collect […]]]>

“As kids we grew up with virtual currencies, spent so many hours on missions just to acquire digital assets. It’s pretty exciting to know that these assets can now be monetized, ”he said. Once you sell NFTs, you get a lifetime secondary sales royalty. “Plus, as a gamer, I can sell things that I collect in games as an NFT and earn money from them,” Diwakar explained.

NFTs in games are no longer limited to blockchain-based niche games like Axie Infinity and Decentraland. Mainstream gamers have demanded a share of the NFT market in their favorite games, and game publishers have started to respond.

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Buzzing arena (mint)

In early December, Ubisoft, known for its multi-million dollar titles such as Assassin’s Creed and Far Cry, launched an NFT marketplace called Quartz, where it sells gaming accessories such as pistols and helmets, from the Ghost video game. Reckon Breakpoint.

Additionally, while some companies are introducing NFTs to make more money, others are using them as a marketing tool.

Last July, mobile game giant Gameloft released an NFT collection for its Asphalt 9 racing game, downloaded more than 50 million times from the Google Play Store.

“The NFT in Asphalt 9 was part of a partnership we had and was not meant to be monetized. We are looking at level two titles on our site, which will focus on NFTs to test the waters, ”said Nitin Goel, National Director of Gameloft.

Goel added that “a lot” will depend on how this technology evolves over the next few months or quarters.

“But I definitely think that with strong intellectual properties (IP) on our side and a lot of interest in automotive licensing, this will be an area we are going to look into,” he added.

Aside from global companies, Indian companies are also taking note.

Nextwave Multimedia, known for its cricket games such as WCC3, explored use cases of Web 3.0 technologies, including NFT, in their games.

“The game’s transition to a Web3.0 environment, driven by trustless verification (and a) decentralized player-centric economy, are some of the concepts that are very relevant to any game, and we’re looking at some of those cases as well. ‘use that we can implement in our games,’ said Rajendran PR, Founder and CEO of Nextwave Multimedia.

Despite the looming threat of a crypto ban and the lack of regulatory clarity on future Web3 technologies (decentralized such as blockchain and crypto), interest in NFTs in India has skyrocketed.

According to blockchain research firm DappRadar, more than half a million Indians have expressed interest in NFTs in 2021.

This coincides with the surge in interest in games in India, particularly after the pandemic.

A November report from the Boston Consulting Group (BCG) and Sequoia Capital showed that the gaming industry in India is growing at a compound annual growth rate (CAGR) of 38%, which is faster than the United States. (10%) and China (8%).

Faisal Kawoosa, founder and chief analyst of techARC, a local market researcher, explained that gambling is one of the main use cases for NFTs because they already have a system to reward winnings with currencies. of the game. He also believed that this would increase monetization opportunities for game companies.

Kawoosa, however, pointed out that this year, “we’ll see more mainstream games embracing them.”

However, widespread adoption can take about a year. He added that it takes a bit of time from an integration point of view. “Plus, business models will change. Players will take a fraction of the transactions as payment, ”Kawoosa said.

Rajendran of Nexwave agreed that the implementation in mainstream games would require several adjustments from the game companies. “NFTs allow players to own their in-game assets. The current gaming economy may not work with NFTs. Gaming economies will have to be redesigned for a player-centric model, ”he added.

Many game companies will hold back as well, given the nascent phase of technology. Giants like Ubisoft, too, are just testing the waters for now. Goel said NFTs are at an early stage and have multiple angles that require further understanding.

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