LOS ANGELES (AP) — U.S. gas prices remained steady over the past two weeks and an analyst says the pump price may start to drop later this month.Trilby Lundberg says the average price of regular-grade gas as of Friday was $2.91...
Reported by New Zealand Herald 2 hours ago.
Average US price of gas steady at $2.91 per gallon
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Bharat Bandh Today: When, where, why, who’s supporting it and who's not – Key points to know
The Congress has called a nationwide ‘Bharat Bandh’ today in protest of continuous rise of fuel prices in the country. Ahead of the 2019 Lok Sabha elections, just a day after the key BJP meet, the Bharat Bandh is a chance for the Opposition to showcase its unity against the Narendra Modi government as well as set tone for the anti-BJP agenda.
As the officials in various states brace for possible law and order situation, here’s the lowdown on what exactly is going on for the September 10 protest:
*What is Bharat Bandh?*
Bharat Bandh is pan-India stir called by the main Opposition party Congress against the steep hike in the fuel prices.
*When is Bharat Bandh?*
Today, September 10, has been decided as the date for Bharat Bandh. According to the Congress, the protests will be held in various parts across India between 9 am to 3 pm. The Congress spokesperson says that the schedule has been decided to minimize inconvenience to the common man.
*Who all are supporting/ participating in the Bharat Bandh? *
While the Congress is leading the Bharat Bandh, here are other Opposition parties, who have decided to join the anti-Modi government protest. These parties are
1. Samajwadi Party
2. Bahujan Samaj Party
3. Nationalist Congress Party
4. All India Trinamool Congress
5. Rashtriya Lok Dal
6. Rashtriya Janata Dal
7. Communist Party of India
8. Communist Party of India (Marxist)
9. All India United Democratic Front
10. Jammu & Kashmir National Conference
11. Jharkhand Mukti Morcha
12. Jharkhand Vikas Morcha (Prajatantrik)
13. Dravida Munnetra Kazhagam
14. Aam Aadmi Party
15. Telugu Desam Party
16. Kerala Congress (M)
17. Revolutionary Socialist Party
18. Indian Union Muslim League
19. Loktantrik Janata Dal (Sharad Yadav)
20. Swabhimani Paksha (Raju Shetti)
21. Maharashtra Navnirman Sena
*Who all are opposing the Bharat Bandh? *
The ruling BJP and its allies in the National Democratic Alliance are obviously against the Bharat Bandh. Even BJP's most sulking ally Shiv Sena has also steered clear of the Bharat Bandh.
*Where will be the maximum impact of the Bharat Bandh?*
From initial reports, it looks like Karnataka’s capital Bengaluru will be completely shut down as the state government announced a public holiday on Monday. All government offices and schools in the capital city will remain closed today. With both NCP and MNS extending their support for the Bharat Badnh, there might be some impact in and around Mumbai. West Bengal, Punjab and Jharkhand are also likely to see impact of the Bharat Bandh.
*Why the Opposition has called out for the Bharat Bandh? *
The main reason for the Bharat Bandh is the continuous steep hike in the petrol and diesel prices across the country. On Sunday, the increase pushed the petrol price in Delhi to Rs 80.50 per litre. Diesel rate touched its highest level of Rs 72.61 a litre.
While the oil companies say that the petrol at refinery gate costs around Rs 40.50 a litre and diesel Rs 43, the Centre levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel. On top of this, states levy Value Added Tax (VAT) -- the lowest being in Andaman and Nicobar Islands where 6 per cent sales tax is charged on both the fuels.
Mumbai has the highest VAT of 39.12 per cent on petrol, while Telangana levies the highest VAT of 26 per cent on diesel. Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel.
The Central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre in nine installments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
This led to its excise collections from petro goods more than doubling in the last four years -- from Rs 99,184 crore in 2014-15 to Rs 2,29,019 crore in 2017-18. States saw their VAT revenue from petro goods rise from Rs 1,37,157 crore in 2014-15 to Rs 1,84,091 crore in 2017-18.
*What should you do? *
Check for updates from official Twitter handles of government agencies and police in your city to look for verified information. Don’t blindly believe on WhatsApp forwards.
Article Type:
Report
Sections:
India
Authors:
DNA Web Team
Agencies:
DNA webdesk
Cities:
New Delhi
Tags:
Bharat Bandh
Bharat Bandh 2018
Congress
BJP
fuel prices
petrol
diesel
Strike
Karnataka
Mumbai
Delhi
Kolkata
protests
Narendra Modi Government
oil companies
Value-Added Tax
Sun, 9 Sep 2018-11:58pm
Date updated:
Monday, 10 September 2018 - 12:08am
Article Images:
Short URL:
dnai.in/2
Embargo:
Syndicate:
Hide lead image:
Page views:
1
From Print Edition:
Highlights: Reported by DNA 2 hours ago.
As the officials in various states brace for possible law and order situation, here’s the lowdown on what exactly is going on for the September 10 protest:
*What is Bharat Bandh?*
Bharat Bandh is pan-India stir called by the main Opposition party Congress against the steep hike in the fuel prices.
*When is Bharat Bandh?*
Today, September 10, has been decided as the date for Bharat Bandh. According to the Congress, the protests will be held in various parts across India between 9 am to 3 pm. The Congress spokesperson says that the schedule has been decided to minimize inconvenience to the common man.
*Who all are supporting/ participating in the Bharat Bandh? *
While the Congress is leading the Bharat Bandh, here are other Opposition parties, who have decided to join the anti-Modi government protest. These parties are
1. Samajwadi Party
2. Bahujan Samaj Party
3. Nationalist Congress Party
4. All India Trinamool Congress
5. Rashtriya Lok Dal
6. Rashtriya Janata Dal
7. Communist Party of India
8. Communist Party of India (Marxist)
9. All India United Democratic Front
10. Jammu & Kashmir National Conference
11. Jharkhand Mukti Morcha
12. Jharkhand Vikas Morcha (Prajatantrik)
13. Dravida Munnetra Kazhagam
14. Aam Aadmi Party
15. Telugu Desam Party
16. Kerala Congress (M)
17. Revolutionary Socialist Party
18. Indian Union Muslim League
19. Loktantrik Janata Dal (Sharad Yadav)
20. Swabhimani Paksha (Raju Shetti)
21. Maharashtra Navnirman Sena
*Who all are opposing the Bharat Bandh? *
The ruling BJP and its allies in the National Democratic Alliance are obviously against the Bharat Bandh. Even BJP's most sulking ally Shiv Sena has also steered clear of the Bharat Bandh.
*Where will be the maximum impact of the Bharat Bandh?*
From initial reports, it looks like Karnataka’s capital Bengaluru will be completely shut down as the state government announced a public holiday on Monday. All government offices and schools in the capital city will remain closed today. With both NCP and MNS extending their support for the Bharat Badnh, there might be some impact in and around Mumbai. West Bengal, Punjab and Jharkhand are also likely to see impact of the Bharat Bandh.
*Why the Opposition has called out for the Bharat Bandh? *
The main reason for the Bharat Bandh is the continuous steep hike in the petrol and diesel prices across the country. On Sunday, the increase pushed the petrol price in Delhi to Rs 80.50 per litre. Diesel rate touched its highest level of Rs 72.61 a litre.
While the oil companies say that the petrol at refinery gate costs around Rs 40.50 a litre and diesel Rs 43, the Centre levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel. On top of this, states levy Value Added Tax (VAT) -- the lowest being in Andaman and Nicobar Islands where 6 per cent sales tax is charged on both the fuels.
Mumbai has the highest VAT of 39.12 per cent on petrol, while Telangana levies the highest VAT of 26 per cent on diesel. Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel.
The Central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre in nine installments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
This led to its excise collections from petro goods more than doubling in the last four years -- from Rs 99,184 crore in 2014-15 to Rs 2,29,019 crore in 2017-18. States saw their VAT revenue from petro goods rise from Rs 1,37,157 crore in 2014-15 to Rs 1,84,091 crore in 2017-18.
*What should you do? *
Check for updates from official Twitter handles of government agencies and police in your city to look for verified information. Don’t blindly believe on WhatsApp forwards.
Article Type:
Report
Sections:
India
Authors:
DNA Web Team
Agencies:
DNA webdesk
Cities:
New Delhi
Tags:
Bharat Bandh
Bharat Bandh 2018
Congress
BJP
fuel prices
petrol
diesel
Strike
Karnataka
Mumbai
Delhi
Kolkata
protests
Narendra Modi Government
oil companies
Value-Added Tax
Sun, 9 Sep 2018-11:58pm
Date updated:
Monday, 10 September 2018 - 12:08am
Article Images:
Short URL:
dnai.in/2
Embargo:
Syndicate:
Hide lead image:
Page views:
1
From Print Edition:
Highlights: Reported by DNA 2 hours ago.
↧
Trump gives Apple a tongue lashing on US-made products
US President Donald Trump on Saturday took aim at Apple after the tech giant said the White House's proposed tariffs on China could result in price increases on popular consumer devices such as AirPods, the company's wireless headphones,...
Reported by New Zealand Herald 1 hour ago.
↧
Bitcoin Price Watch: Currency Up by $200, Analysts Split Down the Middle
At press time, the father of crypto is trading for just over $6,300. This is about $200 higher than where it stood 24 hours ago. Previously, the currency was trading at the $6,100 mark – a drop of over $1,000 from where it was at the beginning of the week. Is bitcoin trying to pull […]
The post Bitcoin Price Watch: Currency Up by $200, Analysts Split Down the Middle appeared first on NullTX. Reported by The Merkle 2 hours ago.
The post Bitcoin Price Watch: Currency Up by $200, Analysts Split Down the Middle appeared first on NullTX. Reported by The Merkle 2 hours ago.
↧
CLASS ACTION UPDATE for CBS, SKX and CRON: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, Sept. 09, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
*CBS Corporation (NYSE: CBS)
Class Period: *February 14, 2014 - July 27, 2018
*Lead Plaintiff Deadline: *October 26, 2018
Join the action: http://www.zlk.com/pslra-1/cbs-corporation-loss-form?wire=3
The lawsuit alleges: CBS Corporation made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) CBS executives, including the company’s Chairman and Chief Executive Officer, Leslie “Les” Moonves, had engaged in widespread workplace sexual harassment at CBS; (2) CBS’s enforcement of its own purported policies was inadequate to prevent the foregoing conduct; (3) the foregoing conduct, when revealed, would foreseeably subject CBS to heightened legal liability and impede the ability of key CBS personnel to execute the company’s business strategy; and (4) as a result, CBS’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To learn more about the *CBS Corporation* class action contact jlevi@levikorsinsky.com.*Skechers U.S.A., Inc. (NYSE: SKX)
Class Period: *October 20, 2017 - July 19, 2018
*Lead Plaintiff Deadline: *November 5, 2018
Join the action: https://www.zlk.com/pslra-1/skechers-u-s-a-inc-loss-form?wire=3
The lawsuit alleges that, during the class period, Skechers U.S.A., Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Skechers lacked the operational infrastructure to handle demand and sustain true sales growth in its international markets; (2) Skechers was relying on expensive, third-party operational solutions to drive its international sales growth; (3) Skechers' expenses would outgrow sales for the foreseeable future; (4) Skechers' international sales growth was not sustainable without such outgrown expenses; and (5) as a result of the foregoing, Defendants' statements about Skechers' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the *Skechers U.S.A., Inc.* class action contact jlevi@levikorsinsky.com.*Cronos Group, Inc. (NASDAQGM: CRON)
Class Period: *August 21, 2018 - August 30, 2018
*Lead Plaintiff Deadline: *November 5, 2018
Join the action: https://www.zlk.com/pslra-1/cronos-group-inc-loss-form?wire=3
The lawsuit alleges: Cronos Group, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the size of Cronos’ distribution agreements with the Canadian provinces was relatively small; and (2) as a result of the foregoing, Defendants’ positive statements about Cronos’ business, operations, and prospects were materially false and/or misleading, and/or lacked a reasonable basis.
On August 30, 2018, Citron Research published an article entitled “Cronos: The Dark Side of Cannabis Space,” alleging, among other things, that the Company has been “deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces – unlike every other major cannabis player” and that this was because “the agreements are so small that they could never justify the premium investors are paying for the stock.” On this news, Cronos’ share price fell over 28%, to close at $9.12 per share on August 30, 2018.
To learn more about the *Cronos Group, Inc.* class action contact jlevi@levikorsinsky.com.You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com Reported by GlobeNewswire 1 hour ago.
*CBS Corporation (NYSE: CBS)
Class Period: *February 14, 2014 - July 27, 2018
*Lead Plaintiff Deadline: *October 26, 2018
Join the action: http://www.zlk.com/pslra-1/cbs-corporation-loss-form?wire=3
The lawsuit alleges: CBS Corporation made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) CBS executives, including the company’s Chairman and Chief Executive Officer, Leslie “Les” Moonves, had engaged in widespread workplace sexual harassment at CBS; (2) CBS’s enforcement of its own purported policies was inadequate to prevent the foregoing conduct; (3) the foregoing conduct, when revealed, would foreseeably subject CBS to heightened legal liability and impede the ability of key CBS personnel to execute the company’s business strategy; and (4) as a result, CBS’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To learn more about the *CBS Corporation* class action contact jlevi@levikorsinsky.com.*Skechers U.S.A., Inc. (NYSE: SKX)
Class Period: *October 20, 2017 - July 19, 2018
*Lead Plaintiff Deadline: *November 5, 2018
Join the action: https://www.zlk.com/pslra-1/skechers-u-s-a-inc-loss-form?wire=3
The lawsuit alleges that, during the class period, Skechers U.S.A., Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Skechers lacked the operational infrastructure to handle demand and sustain true sales growth in its international markets; (2) Skechers was relying on expensive, third-party operational solutions to drive its international sales growth; (3) Skechers' expenses would outgrow sales for the foreseeable future; (4) Skechers' international sales growth was not sustainable without such outgrown expenses; and (5) as a result of the foregoing, Defendants' statements about Skechers' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the *Skechers U.S.A., Inc.* class action contact jlevi@levikorsinsky.com.*Cronos Group, Inc. (NASDAQGM: CRON)
Class Period: *August 21, 2018 - August 30, 2018
*Lead Plaintiff Deadline: *November 5, 2018
Join the action: https://www.zlk.com/pslra-1/cronos-group-inc-loss-form?wire=3
The lawsuit alleges: Cronos Group, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the size of Cronos’ distribution agreements with the Canadian provinces was relatively small; and (2) as a result of the foregoing, Defendants’ positive statements about Cronos’ business, operations, and prospects were materially false and/or misleading, and/or lacked a reasonable basis.
On August 30, 2018, Citron Research published an article entitled “Cronos: The Dark Side of Cannabis Space,” alleging, among other things, that the Company has been “deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces – unlike every other major cannabis player” and that this was because “the agreements are so small that they could never justify the premium investors are paying for the stock.” On this news, Cronos’ share price fell over 28%, to close at $9.12 per share on August 30, 2018.
To learn more about the *Cronos Group, Inc.* class action contact jlevi@levikorsinsky.com.You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com Reported by GlobeNewswire 1 hour ago.
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↧
U.S. agriculture chief says NAFTA deal must end Canada's milk protein scheme
Canada must end its low-price milk proteins policy to reach a U.S.-Canadian deal to update the North American Free Trade Agreement, U.S. Agriculture Secretary Sonny Perdue said.
Reported by Reuters 43 minutes ago.
↧
EWZ: What Are The Price Multiples Telling Us?
Reported by SeekingAlpha 24 minutes ago.
↧
Insoluble Dietary Fibers Market will register 9.5% CAGR to cross $4.5 billion by 2024: Global Market Insights, Inc.
Insoluble Dietary Fibers Market By Source, By Product, By Application and Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, Netherlands, China, India, Japan, Australia, South Korea, Indonesia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
Sellbyville, Delaware, Sept. 10, 2018 (GLOBE NEWSWIRE) --Global Insoluble Dietary Fibers Market is poised to surpass USD 4.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Potential applications in food fortification due to rising functional food demand globally will propel the insoluble dietary fibers market size. Rising dairy, bakery & breakfast cereals demand owing to changing diet patterns and increasing health consciousness has enhanced the product demand. Effective functions including water binding, thickening, gelling and fat replacing are among key factors supporting product adoption.
Shifting trend towards fiber supplements to fulfil nutritional requirements provides huge opportunities for the insoluble dietary fibers market growth. Increasing incidences of several diseases due to hectic schedules and unhealthy diet influencing inclination towards healthy supplementations will support product demand. Significant benefits in treating diverticular diseases, constipation, colon cancer and enhancing weight loss are among key properties fuelling industry growth.
*Request for a sample of this research report @ *https://www.gminsights.com/request-sample/detail/2874
Cellulose market was valued at over USD 700 million in 2017. Notable properties in improving gut health, immunity from illness and resisting bad bacterial growth has stimulated the product penetration. Ready commercial availability of cellulose coupled with abundant availability of raw material mainly consisting whole grains further propels the insoluble dietary fibers demand.
Extensive investment in R&D and product formulation coupled with prolonged regulatory approval procedures are the major restraining factors for industry growth. Changing economic & climatic conditions causing cost fluctuations in grains, fruits & vegetables may influence the insoluble dietary fibers price trend.
Browse key industry insights spread across 300 pages with 249 market data tables & 13 figures & charts from the report, *“Insoluble Dietary Fibers Market”* in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/insoluble-dietary-fibers-market
Fruits & vegetables are anticipated to witness gains around 8.5% by 2024. Shifting manufacturer preference towards fruits & vegetable sources due to ease in procurement and production has enhanced the product demand. Substantial nutritional content in fruit peels provides positive outlook for insoluble dietary fibers market growth. Reduced risk of hemorrhoids, diverticulitis and cancer are among major health benefits driving application scope.
Bakery applications will observe revenue growth at over 10% from 2018 to 2024. Considerable demand for natural and healthy bakery products including nutritious biscuits & bread will support the insoluble dietary fibers demand. Increasing product adoption in bakery due to high water holding capacity, preventing dryness will propel the application scope.
North America registered largest revenue share, accounting for over 35% of the insoluble dietary fibers market in 2017. Growing consumer awareness pertaining to health & safety along with changing lifestyle are among major factors driving regional demand. Increasing prevalence of obesity and diabetes stimulating trend towards weight loss procedures will fuel the business growth.
Dupont Danisco, Roquette Frères, Cargill, Sunopta, Ingredion Incorporated and J. Rettenmaier & Söhne are among major industry players. Global insoluble dietary fibers market share is highly fragmented with presence of international as well as regional manufacturers. Other notable players include Tate & Lyle, Grain Processing Corporation, Solvaira Specialties and Ceamsa.
Technological upgradations, R&D investments, mergers & acquisitions are among major strategies adopted. For instance, in March 2017, Ingredion acquired Sun Flour Industry, a Thailand based rice starch & flour company to enhance its starch ingredient portfolio. Companies are also focused on geographical expansions and product developments to capture substantial industry share.
*Make an inquiry for purchasing this report @* https://www.gminsights.com/inquiry-before-buying/2874
*Browse Related Reports:*
· *Citrus Based Dietary Fibers Market Size 2018 – 2024*
Global Citrus Based Dietary Fibers Market was valued at over USD 1.2 billion in 2017 and is anticipated to grow at over 6% in the forecast timespan. Necessity to enhance nutrition value of food owing to increasing consumer health consciousness will propel the market growth.
https://www.gminsights.com/industry-analysis/citrus-based-dietary-fibers-market
· *Dietary Fibers Market Size 2018 – 2024*
Dietary Fibers Market revenue was worth over USD 3 Billion in 2016 and will surpass 800 Kilo tons by 2024. Rising consumer preferences for healthy lifestyle along with demand for nutritious food will drive the global market growth.
https://www.gminsights.com/industry-analysis/dietary-fibers-market
*About Global Market Insights*
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
CONTACT: Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://page125.org/ Reported by GlobeNewswire 55 minutes ago.
Sellbyville, Delaware, Sept. 10, 2018 (GLOBE NEWSWIRE) --Global Insoluble Dietary Fibers Market is poised to surpass USD 4.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Potential applications in food fortification due to rising functional food demand globally will propel the insoluble dietary fibers market size. Rising dairy, bakery & breakfast cereals demand owing to changing diet patterns and increasing health consciousness has enhanced the product demand. Effective functions including water binding, thickening, gelling and fat replacing are among key factors supporting product adoption.
Shifting trend towards fiber supplements to fulfil nutritional requirements provides huge opportunities for the insoluble dietary fibers market growth. Increasing incidences of several diseases due to hectic schedules and unhealthy diet influencing inclination towards healthy supplementations will support product demand. Significant benefits in treating diverticular diseases, constipation, colon cancer and enhancing weight loss are among key properties fuelling industry growth.
*Request for a sample of this research report @ *https://www.gminsights.com/request-sample/detail/2874
Cellulose market was valued at over USD 700 million in 2017. Notable properties in improving gut health, immunity from illness and resisting bad bacterial growth has stimulated the product penetration. Ready commercial availability of cellulose coupled with abundant availability of raw material mainly consisting whole grains further propels the insoluble dietary fibers demand.
Extensive investment in R&D and product formulation coupled with prolonged regulatory approval procedures are the major restraining factors for industry growth. Changing economic & climatic conditions causing cost fluctuations in grains, fruits & vegetables may influence the insoluble dietary fibers price trend.
Browse key industry insights spread across 300 pages with 249 market data tables & 13 figures & charts from the report, *“Insoluble Dietary Fibers Market”* in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/insoluble-dietary-fibers-market
Fruits & vegetables are anticipated to witness gains around 8.5% by 2024. Shifting manufacturer preference towards fruits & vegetable sources due to ease in procurement and production has enhanced the product demand. Substantial nutritional content in fruit peels provides positive outlook for insoluble dietary fibers market growth. Reduced risk of hemorrhoids, diverticulitis and cancer are among major health benefits driving application scope.
Bakery applications will observe revenue growth at over 10% from 2018 to 2024. Considerable demand for natural and healthy bakery products including nutritious biscuits & bread will support the insoluble dietary fibers demand. Increasing product adoption in bakery due to high water holding capacity, preventing dryness will propel the application scope.
North America registered largest revenue share, accounting for over 35% of the insoluble dietary fibers market in 2017. Growing consumer awareness pertaining to health & safety along with changing lifestyle are among major factors driving regional demand. Increasing prevalence of obesity and diabetes stimulating trend towards weight loss procedures will fuel the business growth.
Dupont Danisco, Roquette Frères, Cargill, Sunopta, Ingredion Incorporated and J. Rettenmaier & Söhne are among major industry players. Global insoluble dietary fibers market share is highly fragmented with presence of international as well as regional manufacturers. Other notable players include Tate & Lyle, Grain Processing Corporation, Solvaira Specialties and Ceamsa.
Technological upgradations, R&D investments, mergers & acquisitions are among major strategies adopted. For instance, in March 2017, Ingredion acquired Sun Flour Industry, a Thailand based rice starch & flour company to enhance its starch ingredient portfolio. Companies are also focused on geographical expansions and product developments to capture substantial industry share.
*Make an inquiry for purchasing this report @* https://www.gminsights.com/inquiry-before-buying/2874
*Browse Related Reports:*
· *Citrus Based Dietary Fibers Market Size 2018 – 2024*
Global Citrus Based Dietary Fibers Market was valued at over USD 1.2 billion in 2017 and is anticipated to grow at over 6% in the forecast timespan. Necessity to enhance nutrition value of food owing to increasing consumer health consciousness will propel the market growth.
https://www.gminsights.com/industry-analysis/citrus-based-dietary-fibers-market
· *Dietary Fibers Market Size 2018 – 2024*
Dietary Fibers Market revenue was worth over USD 3 Billion in 2016 and will surpass 800 Kilo tons by 2024. Rising consumer preferences for healthy lifestyle along with demand for nutritious food will drive the global market growth.
https://www.gminsights.com/industry-analysis/dietary-fibers-market
*About Global Market Insights*
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
CONTACT: Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://page125.org/ Reported by GlobeNewswire 55 minutes ago.
↧
Velvet Energy and Iron Bridge Resources Agree to Terms of Friendly Transaction with Unanimous Approval from Iron Bridge’s Board of Directors
All Iron Bridge Directors & Officers and Certain Shareholders Commit to Tender 35% of the Total Common Shares Outstanding
· Velvet Energy and Iron Bridge agree to friendly transaction with unanimous Iron Bridge Board support, wherein Velvet has increased its cash consideration by 13% from $0.75 to $0.845 per Iron Bridge common share
· Including the assumption of net debt of $9.0 million and net proceeds from dilutive securities, total cash consideration from Velvet is approximately $142 million
· Iron Bridge shareholders and all directors and officers, accounting for approximately 35% of outstanding Iron Bridge common shares, have committed to tender their shares in support of Velvet’s all-cash offer
· Shareholders can tender today by contacting Kingsdale Advisors at 1-866-879-7650 or by e-mail at contactus@kingsdaleadvisors.com
CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Following a friendly negotiation with Iron Bridge Resources Inc. (TSX: IBR) (“Iron Bridge”), Velvet Energy Ltd. (“Velvet”, “we”, “us” or “our”) today announces that it has modified its May 22, 2018 offer to purchase all of the issued and outstanding common shares of Iron Bridge (the “*Original Offer*”) to increase the cash consideration payable for each Iron Bridge common share from $0.75 to $0.845 (the “*Amended Offer*”). Total cash consideration payable by Velvet under the Amended Offer, including the assumption of estimated net debt of $9.0 million and net proceeds from dilutive securities, is approximately $142 million.
*35% OF IRON BRIDGE SHAREHOLDERS ALREADY SUPPORT THE AMENDED OFFER*
After consultation with its financial advisor, the Iron Bridge Board of Directors has determined that the Amended Offer is in the best interest of Iron Bridge and is fair from a financial point of view, to its common shareholders, and unanimously recommends that Iron Bridge shareholders accept the Amended Offer. All of Iron Bridge’s officers and directors, as well as certain shareholders including Maple Rock Capital Partners and Bison Interests, LLC and their respective affiliates and principals, have entered into agreements with Velvet pursuant to which they have committed to tender all of their Iron Bridge common shares in favour of (and to otherwise support) the Amended Offer. These lock-up agreements represent approximately 35% of Iron Bridge’s common shares.
Ken Woolner, Velvet Energy’s President & CEO, commented, “We are very pleased to have the engagement and unqualified support of Iron Bridge’s Special Committee, Board of Directors and its largest shareholders in defining a path that is a superior outcome for Iron Bridge shareholders. Our team looks forward to consolidating Iron Bridge’s land holdings in the Gold Creek area with the goal of optimizing our highly synergistic businesses.”
*KEY HIGHLIGHTS OF THE VELVET OFFER*
Pursuant to the terms of a support agreement between Velvet and Iron Bridge, Velvet has agreed to increase the cash consideration per Iron Bridge common share from $0.75 to $0.845. The Amended Offer represents a 13% increase in cash consideration for Iron Bridge common shares, and a significant 78% premium to the closing price of Iron Bridge common shares on the TSX on May 11, 2018, the last trading day prior to Velvet submitting its original $0.75 offer letter to the Iron Bridge Board of Directors.
Velvet intends to file a notice of change and variation (the “*Notice of Change and Variation*”), which, among other things, will: (i) amend certain terms of the Original Offer (including the increase to the cash consideration payable per Iron Bridge common share from $0.75 to $0.845 for Iron Bridge shares taken-up under the Amended Offer); (ii) update certain information set out in the Original Offer and associated take-over bid circular (the “*Original Offer and Circular*“); and (iii) supplement information set out in the Original Offer and Circular, including lock-up agreements from certain shareholders, officers and directors and other additional context for the Amended Offer.
Velvet expects that its Notice of Change and Variation and an amended letter of transmittal (updated to reflect the additional cash consideration offered by Velvet) and Iron Bridge’s Notice of Change to Directors’ Circular will be filed on SEDAR under Iron Bridge’s profile at www.sedar.com prior to the close of business on September 12, 2018. Under the Agreement, the expiry time of the Amended Offer has been extended to 5:00 p.m. (Toronto time) on September 24, 2018, or such later date as Velvet may require.
*TENDER YOUR SHARES TODAY*
Iron Bridge shareholders can tender their shares immediately by contacting Kingsdale Advisors, Velvet’s Depositary and Information Agent, by telephone toll-free at 1-866-879-7650 within North America and at 1-416-867-2272 outside of North America or by e-mail at contactus@kingsdaleadvisors.com.
*Advisors*
Velvet has retained BMO Capital Markets as its exclusive financial advisor and Bennett Jones LLP as its legal advisor. Kingsdale Advisors is acting as strategic communications advisor and its Information Agent and Depositary.
*Information Agent*
For additional information, including assistance in depositing Iron Bridge shares to the offer, Iron Bridge shareholders should contact Kingsdale, toll-free in North America at 1-866-879-7650 or call collect outside North America at 1-416-867-2272 or by email at *contactus@kingsdaleadvisors.com*.
*About Velvet*
Velvet Energy Ltd. is a privately-held, full-cycle exploration and production company. Focused in the liquids-rich gas and light oil window of the Deep Basin of Alberta, the Company executes an organic growth business plan, including early land capture, technical evaluation, exploration and development of internally generated prospects. Headquartered in Calgary, Velvet has current production of approximately 28,000 boe per day and a focused land position consisting of over one million net undeveloped acres spanning from its core liquids-rich Ellerslie development in the greater Edson area to early phase Montney light oil exploration at Gold Creek.
*Important Notice*
Certain statements contained in this news release constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information can be generally identified by the use of words such as “anticipate”, “continue”, “estimate”, “expect”, “expected”, “intend”, “may”, “will”, “project”, “plan”, “should”, “believe” and similar expressions. Specifically, forward-looking information in this news release includes statements respecting the offer, including the benefits, results, effects and timing of any such transaction and the completion thereof, if at all. Forward-looking statements in this news release describe the expectations of Velvet as of the date hereof. These statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation, the ability to obtain regulatory approvals and meet the other conditions to any possible transaction. Although Velvet believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon.
*For further information:*
Ken Woolner
President and Chief Executive Officer
(403) 781-9134
Chris Theal
Chief Financial Officer
(403) 781-9162
Peter Henry
Vice President, Finance
(403) 781-9133
*Media Contact:*
Kingsdale Advisors
Ian Robertson, 416-867-2333
Executive Vice President, Communication Strategy
*irobertson@kingsdaleadvisors.com*
Cell: 647-621-2646 Reported by GlobeNewswire 55 minutes ago.
· Velvet Energy and Iron Bridge agree to friendly transaction with unanimous Iron Bridge Board support, wherein Velvet has increased its cash consideration by 13% from $0.75 to $0.845 per Iron Bridge common share
· Including the assumption of net debt of $9.0 million and net proceeds from dilutive securities, total cash consideration from Velvet is approximately $142 million
· Iron Bridge shareholders and all directors and officers, accounting for approximately 35% of outstanding Iron Bridge common shares, have committed to tender their shares in support of Velvet’s all-cash offer
· Shareholders can tender today by contacting Kingsdale Advisors at 1-866-879-7650 or by e-mail at contactus@kingsdaleadvisors.com
CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Following a friendly negotiation with Iron Bridge Resources Inc. (TSX: IBR) (“Iron Bridge”), Velvet Energy Ltd. (“Velvet”, “we”, “us” or “our”) today announces that it has modified its May 22, 2018 offer to purchase all of the issued and outstanding common shares of Iron Bridge (the “*Original Offer*”) to increase the cash consideration payable for each Iron Bridge common share from $0.75 to $0.845 (the “*Amended Offer*”). Total cash consideration payable by Velvet under the Amended Offer, including the assumption of estimated net debt of $9.0 million and net proceeds from dilutive securities, is approximately $142 million.
*35% OF IRON BRIDGE SHAREHOLDERS ALREADY SUPPORT THE AMENDED OFFER*
After consultation with its financial advisor, the Iron Bridge Board of Directors has determined that the Amended Offer is in the best interest of Iron Bridge and is fair from a financial point of view, to its common shareholders, and unanimously recommends that Iron Bridge shareholders accept the Amended Offer. All of Iron Bridge’s officers and directors, as well as certain shareholders including Maple Rock Capital Partners and Bison Interests, LLC and their respective affiliates and principals, have entered into agreements with Velvet pursuant to which they have committed to tender all of their Iron Bridge common shares in favour of (and to otherwise support) the Amended Offer. These lock-up agreements represent approximately 35% of Iron Bridge’s common shares.
Ken Woolner, Velvet Energy’s President & CEO, commented, “We are very pleased to have the engagement and unqualified support of Iron Bridge’s Special Committee, Board of Directors and its largest shareholders in defining a path that is a superior outcome for Iron Bridge shareholders. Our team looks forward to consolidating Iron Bridge’s land holdings in the Gold Creek area with the goal of optimizing our highly synergistic businesses.”
*KEY HIGHLIGHTS OF THE VELVET OFFER*
Pursuant to the terms of a support agreement between Velvet and Iron Bridge, Velvet has agreed to increase the cash consideration per Iron Bridge common share from $0.75 to $0.845. The Amended Offer represents a 13% increase in cash consideration for Iron Bridge common shares, and a significant 78% premium to the closing price of Iron Bridge common shares on the TSX on May 11, 2018, the last trading day prior to Velvet submitting its original $0.75 offer letter to the Iron Bridge Board of Directors.
Velvet intends to file a notice of change and variation (the “*Notice of Change and Variation*”), which, among other things, will: (i) amend certain terms of the Original Offer (including the increase to the cash consideration payable per Iron Bridge common share from $0.75 to $0.845 for Iron Bridge shares taken-up under the Amended Offer); (ii) update certain information set out in the Original Offer and associated take-over bid circular (the “*Original Offer and Circular*“); and (iii) supplement information set out in the Original Offer and Circular, including lock-up agreements from certain shareholders, officers and directors and other additional context for the Amended Offer.
Velvet expects that its Notice of Change and Variation and an amended letter of transmittal (updated to reflect the additional cash consideration offered by Velvet) and Iron Bridge’s Notice of Change to Directors’ Circular will be filed on SEDAR under Iron Bridge’s profile at www.sedar.com prior to the close of business on September 12, 2018. Under the Agreement, the expiry time of the Amended Offer has been extended to 5:00 p.m. (Toronto time) on September 24, 2018, or such later date as Velvet may require.
*TENDER YOUR SHARES TODAY*
Iron Bridge shareholders can tender their shares immediately by contacting Kingsdale Advisors, Velvet’s Depositary and Information Agent, by telephone toll-free at 1-866-879-7650 within North America and at 1-416-867-2272 outside of North America or by e-mail at contactus@kingsdaleadvisors.com.
*Advisors*
Velvet has retained BMO Capital Markets as its exclusive financial advisor and Bennett Jones LLP as its legal advisor. Kingsdale Advisors is acting as strategic communications advisor and its Information Agent and Depositary.
*Information Agent*
For additional information, including assistance in depositing Iron Bridge shares to the offer, Iron Bridge shareholders should contact Kingsdale, toll-free in North America at 1-866-879-7650 or call collect outside North America at 1-416-867-2272 or by email at *contactus@kingsdaleadvisors.com*.
*About Velvet*
Velvet Energy Ltd. is a privately-held, full-cycle exploration and production company. Focused in the liquids-rich gas and light oil window of the Deep Basin of Alberta, the Company executes an organic growth business plan, including early land capture, technical evaluation, exploration and development of internally generated prospects. Headquartered in Calgary, Velvet has current production of approximately 28,000 boe per day and a focused land position consisting of over one million net undeveloped acres spanning from its core liquids-rich Ellerslie development in the greater Edson area to early phase Montney light oil exploration at Gold Creek.
*Important Notice*
Certain statements contained in this news release constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information can be generally identified by the use of words such as “anticipate”, “continue”, “estimate”, “expect”, “expected”, “intend”, “may”, “will”, “project”, “plan”, “should”, “believe” and similar expressions. Specifically, forward-looking information in this news release includes statements respecting the offer, including the benefits, results, effects and timing of any such transaction and the completion thereof, if at all. Forward-looking statements in this news release describe the expectations of Velvet as of the date hereof. These statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation, the ability to obtain regulatory approvals and meet the other conditions to any possible transaction. Although Velvet believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon.
*For further information:*
Ken Woolner
President and Chief Executive Officer
(403) 781-9134
Chris Theal
Chief Financial Officer
(403) 781-9162
Peter Henry
Vice President, Finance
(403) 781-9133
*Media Contact:*
Kingsdale Advisors
Ian Robertson, 416-867-2333
Executive Vice President, Communication Strategy
*irobertson@kingsdaleadvisors.com*
Cell: 647-621-2646 Reported by GlobeNewswire 55 minutes ago.
↧
↧
Peeks Social Users Increase 114% Following Launch of Web Platform
TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“*Peeks Social*” or the “*Company*”) is pleased to announce that the Peeks Social platform’s Monthly Active Users (“*MAUs*”) has increased by 114% since the launch of the web platform (www.peeks.social) on July 9, 2018. Peeks Social is also available on iOS and Android. MAUs grew to 314,168 for August 2018, as compared to 245,875 for July 2018, and 146,496 for June 2018. The growth in MAUs was substantially all sourced from the web platform.“The launch of our upgraded web portal has led to robust and significant growth in new users coming the Peeks Social platform. Although we have witnessed a slight cannibalization of users transitioning from the app to the website, the offsetting growth in users and higher conversion rates from our web marketing efforts have exceeded our initial expectations,” states Mark Itwaru, CEO of the Company. “I would like to congratulate our technical team on the achievement of a successful product launch.”
The Company also announces that user deposits and user sessions for the second quarter (three months ended August 31, 2018) were $1.4 million and 6.5 million, respectively, as compared to $1.4 million and 6.2 million, respectively, for the first quarter (three months ending May 31, 2018). The website of the Peeks Social platform does not yet contain the full purchase functionality of the app platforms, and as such the increase in MAUs has not yet had a direct impact on user deposits. Full purchase functionality will be available on the web platform imminently.
The Company also announces that it has closed a non-brokered private placement. The Company issued an aggregate of 2,250,000 units at a price of $0.12 per unit, for total gross consideration from this private placement of $270,000. Each unit consists of one common share and one common share purchase warrant of the Company. Each warrant is exercisable to purchase one additional common share of the Company at an exercise price of $0.20 per share for a period of 24 months from the date of issuance. The common shares and warrants are subject to a four month hold period. The private placement is subject to the Company obtaining final acceptance from the TSX Venture Exchange upon the filing of required materials in due course. The Company paid aggregate finder's fees of $21,600 to eligible arm's length parties in connection with this private placement. Proceeds raised through the private placement will be used for the marketing and advancement of the “Peeks Social” platform, as well as for general working capital and corporate purposes.
Data for MAUs and user sessions was provided through Google Analytics. For additional information on Google Analytics’ definitions of these terms and the methods of calculating these metrics, please refer to https://support.google.com/analytics .
The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.social.
*For further information, please contact:*
*Peeks Social Ltd.*
Mark Itwaru
Chairman & Chief Executive Officer
416-639-5335
mark@peeks.com
David Vinokurov
Director Investor Relations
416-716-9281
davidv@peeks.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release. Reported by GlobeNewswire 55 minutes ago.
The Company also announces that user deposits and user sessions for the second quarter (three months ended August 31, 2018) were $1.4 million and 6.5 million, respectively, as compared to $1.4 million and 6.2 million, respectively, for the first quarter (three months ending May 31, 2018). The website of the Peeks Social platform does not yet contain the full purchase functionality of the app platforms, and as such the increase in MAUs has not yet had a direct impact on user deposits. Full purchase functionality will be available on the web platform imminently.
The Company also announces that it has closed a non-brokered private placement. The Company issued an aggregate of 2,250,000 units at a price of $0.12 per unit, for total gross consideration from this private placement of $270,000. Each unit consists of one common share and one common share purchase warrant of the Company. Each warrant is exercisable to purchase one additional common share of the Company at an exercise price of $0.20 per share for a period of 24 months from the date of issuance. The common shares and warrants are subject to a four month hold period. The private placement is subject to the Company obtaining final acceptance from the TSX Venture Exchange upon the filing of required materials in due course. The Company paid aggregate finder's fees of $21,600 to eligible arm's length parties in connection with this private placement. Proceeds raised through the private placement will be used for the marketing and advancement of the “Peeks Social” platform, as well as for general working capital and corporate purposes.
Data for MAUs and user sessions was provided through Google Analytics. For additional information on Google Analytics’ definitions of these terms and the methods of calculating these metrics, please refer to https://support.google.com/analytics .
The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.social.
*For further information, please contact:*
*Peeks Social Ltd.*
Mark Itwaru
Chairman & Chief Executive Officer
416-639-5335
mark@peeks.com
David Vinokurov
Director Investor Relations
416-716-9281
davidv@peeks.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release. Reported by GlobeNewswire 55 minutes ago.
↧
Remora Royalties, Inc. Launches Initial Public Offering
AUSTIN, Texas, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Remora Royalties, Inc. (“Remora Royalties” or the “Company”) today announced that it has launched an initial public offering of 5,250,000 shares of its Class A common stock (the “common stock”), at an anticipated initial public offering price between $19.00 and $21.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 787,500 shares of common stock. The Company has been authorized to list the common stock on the Nasdaq Global Market under the symbol “RRI,” subject to official notice of issuance.RBC Capital Markets, Wells Fargo Securities, UBS Investment Bank and Stifel are acting as joint book-running managers for the offering.
This offering will be made only by means of a written prospectus. A copy of the preliminary prospectus for the offering may be obtained, when available, from:
RBC Capital Markets, LLC
Attn: Equity Syndicate Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
200 Vesey Street, 8th Floor 375 Park Avenue
New York, NY 10281-8098
Telephone: (877) 822-4089
Email: equityprospectus@rbccm.com New York, NY 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com
UBS Securities LLC
Attn: Prospectus Department Stifel, Nicolaus & Company, Incorporated
Attn: Syndicate
1285 Avenue of the Americas 1 South Street, 15^th Floor
New York, NY 10019
Telephone: (888) 827-7275
Email: olprospectusrequest@ubs.com Baltimore, MD 21202
Telephone: (855) 300-7136
Email: syndprospectus@stifel.com
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov by searching under the registrant’s name, “Remora Royalties, Inc.” This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
*About Remora Royalties, Inc.*
Remora Royalties is a growth-oriented corporation formed to own and acquire overriding royalty, mineral and royalty interests in oil and natural gas properties. The Company’s royalty interests are located in 12 states and in 13 major onshore basins across the continental United States and include ownership in approximately 3,600 gross producing wells, predominantly in the Midcontinent, South Texas/Gulf Coast, East Texas/North Louisiana and Permian Basin, which are among the most historically prolific oil and natural gas regions in the United States.
*Forward-Looking Statements*
This press release includes “forward-looking statements” within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, including changes to business plans as circumstances warrant and risks relating to the securities markets generally. For a full discussion of these risks and uncertainties, please refer to the “Risk Factors” section of the Registration Statement on Form S-1. All statements, other than historical facts included in this press release, are forward-looking statements. The forward-looking statements contained in this press release are based on current plans and expectations and such statements speak only as of the date of this press release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
*Contact*
Wes Harris
Al Petrie Advisors
(281) 740-1334
IR@remoraroyalties.com Reported by GlobeNewswire 55 minutes ago.
This offering will be made only by means of a written prospectus. A copy of the preliminary prospectus for the offering may be obtained, when available, from:
RBC Capital Markets, LLC
Attn: Equity Syndicate Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
200 Vesey Street, 8th Floor 375 Park Avenue
New York, NY 10281-8098
Telephone: (877) 822-4089
Email: equityprospectus@rbccm.com New York, NY 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com
UBS Securities LLC
Attn: Prospectus Department Stifel, Nicolaus & Company, Incorporated
Attn: Syndicate
1285 Avenue of the Americas 1 South Street, 15^th Floor
New York, NY 10019
Telephone: (888) 827-7275
Email: olprospectusrequest@ubs.com Baltimore, MD 21202
Telephone: (855) 300-7136
Email: syndprospectus@stifel.com
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov by searching under the registrant’s name, “Remora Royalties, Inc.” This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
*About Remora Royalties, Inc.*
Remora Royalties is a growth-oriented corporation formed to own and acquire overriding royalty, mineral and royalty interests in oil and natural gas properties. The Company’s royalty interests are located in 12 states and in 13 major onshore basins across the continental United States and include ownership in approximately 3,600 gross producing wells, predominantly in the Midcontinent, South Texas/Gulf Coast, East Texas/North Louisiana and Permian Basin, which are among the most historically prolific oil and natural gas regions in the United States.
*Forward-Looking Statements*
This press release includes “forward-looking statements” within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, including changes to business plans as circumstances warrant and risks relating to the securities markets generally. For a full discussion of these risks and uncertainties, please refer to the “Risk Factors” section of the Registration Statement on Form S-1. All statements, other than historical facts included in this press release, are forward-looking statements. The forward-looking statements contained in this press release are based on current plans and expectations and such statements speak only as of the date of this press release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
*Contact*
Wes Harris
Al Petrie Advisors
(281) 740-1334
IR@remoraroyalties.com Reported by GlobeNewswire 55 minutes ago.
↧
Digirad Corporation Announces Conversion to Holding Company Structure
Will Acquire ATRM Holdings as an Initial “Kick-off” Transaction
Immediately Hires David Noble as COO
SUWANEE, Ga., Sept. 10, 2018 (GLOBE NEWSWIRE) -- Digirad Corporation (NASDAQ: DRAD) (“Digirad” or “DRAD”) announced today that its Board of Directors has approved the conversion of Digirad into a diversified holding company (“HoldCo”), and the acquisition of ATRM Holdings, Inc. (OTC: ATRM) (“ATRM”) as an initial “kick-off” transaction. In the transaction, ATRM stockholders will receive consideration consisting of 0.4 shares of Digirad common stock for each share of ATRM common stock, which is the approximate price ratio between the two stocks over the past year. This transaction represents an increase in DRAD’s share count of less than 5%. The transaction is expected to close in Q1 of 2019. Digirad will issue today a presentation describing the anticipated benefits of the diversified holding company structure, and the acquisition of ATRM, which will be posted under the “Investors” tab of the Digirad website and filed as an exhibit on Form 8-K with the SEC.
HoldCo’s team (after the ATRM acquisition) will include Jeff Eberwein (Chairman), Matt Molchan (CEO of Healthcare Imaging Division), Dan Koch (CEO of Modular Building Division), David Noble (Chief Operating Officer), Steve Clark (Chief Financial Officer), and Hannah Bible (General Counsel and Chief Compliance Officer). Mr. Noble, who was appointed to the position of Chief Operating Officer of Digirad on September 1, 2018, will report directly to the Board of Directors of Digirad. A more detailed description of Mr. Noble’s background is provided below.
Digirad and ATRM have entered into a non-binding letter of intent relating to Digirad’s acquisition of ATRM. The transaction will be subject to, among other things, ATRM becoming current with its SEC filings and the negotiation and execution of definitive documentation. The transaction was approved by Digirad and ATRM, respectively, by a special committee of independent directors of each company. The Digirad Special Committee was advised by Oberon Securities, LLC.
Digirad believes that converting into a diversified holding company with a shared services center will create tremendous value for Digirad stockholders, both immediately and over the long-term, because the conversion is projected to: 1) be immediately accretive, 2) improve future revenue, cash flow, and earnings growth, and 3) create a platform for bolt-on acquisitions and other growth opportunities.
*Transaction Highlights**:**
· Growth and acquisition opportunities: HoldCo structure creates a platform for future bolt-on acquisitions and additional growth opportunities
· Management and operations: Improved operating and financial performance due to operating CEOs focusing on the operating businesses and growth opportunities
· Anticipated cost savings of $3 to $5 million or more from the formation of HoldCo and the shared services center
· Anticipate up to 100% increase in Adjusted EBITDA and up to 142% increase in Free Cash Flow with less than a 5% increase in DRAD’s share count
· Adjusted EBITDA to Net Debt ratio projected to stay constant at 1.1 – 1.3x
· Free Cash Flow per share of $0.20 to $0.25 projected to increase to $0.43 to $0.66, representing a 115% to 164% increase
· Dividend coverage ratio (defined as Free Cash Flow divided by Dividend) of 91% to 114% projected to increase to 195% to 300%
· 2019 annualized year-end runrate: Revenue projected to be between $145 and $155 million and Adjusted EBITDA projected to be between $16 and $20 million versus $8.5 and $9.5 million in 2018 for Digirad stand-alone
*See statement below regarding Forward-Looking Statements & Use of Non-GAAP Measures
*Conference Call Information*
A conference call is scheduled for 11:00 a.m. EDT on September 10, 2018 to discuss the transaction. The call may be accessed by dialing 1-877-407-9039 (international callers: +1-201-689-8470) five minutes prior to the scheduled start time and referencing Digirad. A simultaneous webcast of the call may be accessed online from the Events & Presentations link on the Investor Relations page at http://drad.client.shareholder.com; an archived replay of the webcast will be available within 15 minutes of the end of the conference call.
*About David Noble*
Prior to being named Chief Operating Officer of Digirad, Mr. Noble served as Managing Member of Noble Point LLC, a business and financial advisory firm. He engaged in M&A idea generation, as well as advised medical practices around operations, growth opportunities, and financing. He has more than 20 years of experience in investment banking and most recently was Head of Equity Capital Markets (ECM) for the Americas at HSBC, where he established the Latin American franchise and grew regional revenues to account for a significant portion of their global ECM business. Beyond his direct P&L responsibility, he managed all aspects of the ECM business, which involved strategy, forecasting and budgeting, finance, legal and compliance, regulatory, HR, and IT. Mr. Noble earned an MBA in Finance from MIT and a BA from Yale University.
*About Digirad*
Digirad designs, manufactures, and distributes diagnostic medical imaging products. Digirad operates in 3 segments: Diagnostic Services, Mobile Healthcare, and Diagnostic Imaging. The Diagnostic Services segment offers imaging and monitoring services to healthcare providers as an alternative to purchasing the equipment or outsourcing the job. The Mobile Healthcare segment provides contract diagnostic imaging, including computerized tomography ("CT"), magnetic resonance imaging ("MRI"), positron emission tomography ("PET"), PET/CT, and nuclear medicine and healthcare expertise through a convenient mobile service. The Diagnostic Imaging segment develops, sells, and maintains solid-state gamma cameras.
*About ATRM Holdings*
ATRM manufactures modular housing units for commercial and residential applications. ATRM operates in two segments: (i) modular building manufacturing and (ii) structural wall panel and wood foundation manufacturing, including building supply retail operations. The modular building manufacturing segment is operated by KBS Builders, and the structural wall panel and wood foundation manufacturing segment is operated by EdgeBuilder. Both KBS Builders and EdgeBuilder are wholly-owned subsidiaries of ATRM. ATRM’s two segments have a combined current backlog of approximately $9 million.
*Forward-Looking Statements & Use of Non-GAAP Measures*
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not statements of historical fact are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking Statements include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to acquisitions and related integration, development of commercially viable products, novel technologies, and modern applicable services, (ii) projections of income (including income/loss), EBITDA, earnings (including earnings/loss) per share, free cash flow (FCF), capital expenditures, cost reductions, capital structure or other financial items, (iii) the future financial performance of Digirad (referred to herein as the “Company”) or acquisition targets and (iv) the assumptions underlying or relating to any statement described above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described above as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain adequate financing, the length of time associated with servicing customers, accounts receivable turnover, insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, government regulation, the underlying condition of the technology support industry, the lack of product diversification, existing or increased competition, stock volatility and illiquidity, the Company's failure to implement the Company's business plans or strategies, changes in macro or industry specific business conditions, failure to keep pace with evolving technologies and difficulties integrating technologies, unfavorable changes in reimbursement practices, negative economic outlooks, the Company’s inability to consummate successful acquisitions and execute related integration, the Company’s ability to execute on its business strategy (including any cost reduction plans), the Company’s failure to realize expected benefits of restructuring and cost-cutting actions, the Company’s ability to preserve and monetize its net operating losses, the continued demand for and market acceptance of its services. For a detailed discussion of cautionary statements and risks that may affect the Company’s future results of operations and financial results, please refer to the Company’s filings with the Securities and Exchange Commission, including, but not limited to, the risk factors in the Company’s most recent Annual Report on Form 10-K. This press release reflects management’s views as of the date presented.
All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
The information provided herein includes certain non-GAAP financial measures. These non-GAAP financial measures are intended to supplement the GAAP financial information by providing additional insight regarding results of operations of the Company. The non-GAAP adjusted EBITDA financial measures used by the Company are intended to provide an enhanced understanding of our underlying operational measures to manage the Company’s business, to evaluate performance compared to prior periods and the marketplace, and to establish operational goals. Certain items are excluded from these non-GAAP financial measures to provide additional comparability measures from period to period. These non-GAAP financial measures will not be defined in the same manner by all companies and may not be comparable to other companies.
Specifically, this press release presents the non-GAAP financial measures “Adjusted EBITDA” (defined as “earnings before interest, taxes, depreciation, and amortization, and adjusted for stock-based compensation”) and “Free Cash Flow.” The most directly comparable measures for these non-GAAP financial measures are net income and diluted net income per share. All figures based on DRAD guidance for 2018 and projected annualized runrate by year-end 2019 for HoldCo.
*For more information contact:*
Jeffrey E. Eberwein
Chairman of the Board of Directors
203-489-9501
ir@digirad.com Reported by GlobeNewswire 55 minutes ago.
Immediately Hires David Noble as COO
SUWANEE, Ga., Sept. 10, 2018 (GLOBE NEWSWIRE) -- Digirad Corporation (NASDAQ: DRAD) (“Digirad” or “DRAD”) announced today that its Board of Directors has approved the conversion of Digirad into a diversified holding company (“HoldCo”), and the acquisition of ATRM Holdings, Inc. (OTC: ATRM) (“ATRM”) as an initial “kick-off” transaction. In the transaction, ATRM stockholders will receive consideration consisting of 0.4 shares of Digirad common stock for each share of ATRM common stock, which is the approximate price ratio between the two stocks over the past year. This transaction represents an increase in DRAD’s share count of less than 5%. The transaction is expected to close in Q1 of 2019. Digirad will issue today a presentation describing the anticipated benefits of the diversified holding company structure, and the acquisition of ATRM, which will be posted under the “Investors” tab of the Digirad website and filed as an exhibit on Form 8-K with the SEC.
HoldCo’s team (after the ATRM acquisition) will include Jeff Eberwein (Chairman), Matt Molchan (CEO of Healthcare Imaging Division), Dan Koch (CEO of Modular Building Division), David Noble (Chief Operating Officer), Steve Clark (Chief Financial Officer), and Hannah Bible (General Counsel and Chief Compliance Officer). Mr. Noble, who was appointed to the position of Chief Operating Officer of Digirad on September 1, 2018, will report directly to the Board of Directors of Digirad. A more detailed description of Mr. Noble’s background is provided below.
Digirad and ATRM have entered into a non-binding letter of intent relating to Digirad’s acquisition of ATRM. The transaction will be subject to, among other things, ATRM becoming current with its SEC filings and the negotiation and execution of definitive documentation. The transaction was approved by Digirad and ATRM, respectively, by a special committee of independent directors of each company. The Digirad Special Committee was advised by Oberon Securities, LLC.
Digirad believes that converting into a diversified holding company with a shared services center will create tremendous value for Digirad stockholders, both immediately and over the long-term, because the conversion is projected to: 1) be immediately accretive, 2) improve future revenue, cash flow, and earnings growth, and 3) create a platform for bolt-on acquisitions and other growth opportunities.
*Transaction Highlights**:**
· Growth and acquisition opportunities: HoldCo structure creates a platform for future bolt-on acquisitions and additional growth opportunities
· Management and operations: Improved operating and financial performance due to operating CEOs focusing on the operating businesses and growth opportunities
· Anticipated cost savings of $3 to $5 million or more from the formation of HoldCo and the shared services center
· Anticipate up to 100% increase in Adjusted EBITDA and up to 142% increase in Free Cash Flow with less than a 5% increase in DRAD’s share count
· Adjusted EBITDA to Net Debt ratio projected to stay constant at 1.1 – 1.3x
· Free Cash Flow per share of $0.20 to $0.25 projected to increase to $0.43 to $0.66, representing a 115% to 164% increase
· Dividend coverage ratio (defined as Free Cash Flow divided by Dividend) of 91% to 114% projected to increase to 195% to 300%
· 2019 annualized year-end runrate: Revenue projected to be between $145 and $155 million and Adjusted EBITDA projected to be between $16 and $20 million versus $8.5 and $9.5 million in 2018 for Digirad stand-alone
*See statement below regarding Forward-Looking Statements & Use of Non-GAAP Measures
*Conference Call Information*
A conference call is scheduled for 11:00 a.m. EDT on September 10, 2018 to discuss the transaction. The call may be accessed by dialing 1-877-407-9039 (international callers: +1-201-689-8470) five minutes prior to the scheduled start time and referencing Digirad. A simultaneous webcast of the call may be accessed online from the Events & Presentations link on the Investor Relations page at http://drad.client.shareholder.com; an archived replay of the webcast will be available within 15 minutes of the end of the conference call.
*About David Noble*
Prior to being named Chief Operating Officer of Digirad, Mr. Noble served as Managing Member of Noble Point LLC, a business and financial advisory firm. He engaged in M&A idea generation, as well as advised medical practices around operations, growth opportunities, and financing. He has more than 20 years of experience in investment banking and most recently was Head of Equity Capital Markets (ECM) for the Americas at HSBC, where he established the Latin American franchise and grew regional revenues to account for a significant portion of their global ECM business. Beyond his direct P&L responsibility, he managed all aspects of the ECM business, which involved strategy, forecasting and budgeting, finance, legal and compliance, regulatory, HR, and IT. Mr. Noble earned an MBA in Finance from MIT and a BA from Yale University.
*About Digirad*
Digirad designs, manufactures, and distributes diagnostic medical imaging products. Digirad operates in 3 segments: Diagnostic Services, Mobile Healthcare, and Diagnostic Imaging. The Diagnostic Services segment offers imaging and monitoring services to healthcare providers as an alternative to purchasing the equipment or outsourcing the job. The Mobile Healthcare segment provides contract diagnostic imaging, including computerized tomography ("CT"), magnetic resonance imaging ("MRI"), positron emission tomography ("PET"), PET/CT, and nuclear medicine and healthcare expertise through a convenient mobile service. The Diagnostic Imaging segment develops, sells, and maintains solid-state gamma cameras.
*About ATRM Holdings*
ATRM manufactures modular housing units for commercial and residential applications. ATRM operates in two segments: (i) modular building manufacturing and (ii) structural wall panel and wood foundation manufacturing, including building supply retail operations. The modular building manufacturing segment is operated by KBS Builders, and the structural wall panel and wood foundation manufacturing segment is operated by EdgeBuilder. Both KBS Builders and EdgeBuilder are wholly-owned subsidiaries of ATRM. ATRM’s two segments have a combined current backlog of approximately $9 million.
*Forward-Looking Statements & Use of Non-GAAP Measures*
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not statements of historical fact are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking Statements include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to acquisitions and related integration, development of commercially viable products, novel technologies, and modern applicable services, (ii) projections of income (including income/loss), EBITDA, earnings (including earnings/loss) per share, free cash flow (FCF), capital expenditures, cost reductions, capital structure or other financial items, (iii) the future financial performance of Digirad (referred to herein as the “Company”) or acquisition targets and (iv) the assumptions underlying or relating to any statement described above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described above as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain adequate financing, the length of time associated with servicing customers, accounts receivable turnover, insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, government regulation, the underlying condition of the technology support industry, the lack of product diversification, existing or increased competition, stock volatility and illiquidity, the Company's failure to implement the Company's business plans or strategies, changes in macro or industry specific business conditions, failure to keep pace with evolving technologies and difficulties integrating technologies, unfavorable changes in reimbursement practices, negative economic outlooks, the Company’s inability to consummate successful acquisitions and execute related integration, the Company’s ability to execute on its business strategy (including any cost reduction plans), the Company’s failure to realize expected benefits of restructuring and cost-cutting actions, the Company’s ability to preserve and monetize its net operating losses, the continued demand for and market acceptance of its services. For a detailed discussion of cautionary statements and risks that may affect the Company’s future results of operations and financial results, please refer to the Company’s filings with the Securities and Exchange Commission, including, but not limited to, the risk factors in the Company’s most recent Annual Report on Form 10-K. This press release reflects management’s views as of the date presented.
All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
The information provided herein includes certain non-GAAP financial measures. These non-GAAP financial measures are intended to supplement the GAAP financial information by providing additional insight regarding results of operations of the Company. The non-GAAP adjusted EBITDA financial measures used by the Company are intended to provide an enhanced understanding of our underlying operational measures to manage the Company’s business, to evaluate performance compared to prior periods and the marketplace, and to establish operational goals. Certain items are excluded from these non-GAAP financial measures to provide additional comparability measures from period to period. These non-GAAP financial measures will not be defined in the same manner by all companies and may not be comparable to other companies.
Specifically, this press release presents the non-GAAP financial measures “Adjusted EBITDA” (defined as “earnings before interest, taxes, depreciation, and amortization, and adjusted for stock-based compensation”) and “Free Cash Flow.” The most directly comparable measures for these non-GAAP financial measures are net income and diluted net income per share. All figures based on DRAD guidance for 2018 and projected annualized runrate by year-end 2019 for HoldCo.
*For more information contact:*
Jeffrey E. Eberwein
Chairman of the Board of Directors
203-489-9501
ir@digirad.com Reported by GlobeNewswire 55 minutes ago.
↧
GBP/USD seen within a broad range so far – UOB
Cable is expected to prolong the broader sidelined theme for the next weeks, according to FX Strategists at UOB Group.
*Key Quotes*
24-hour view: “*GBP* traded at a higher and wider range of 1.2910/1.3029 last Friday (our expected consolidation range was 1.2870/1.2950). The daily closing in NY is on the weak side (close of 1.2915) which suggests increasing downward pressure. From here, there is scope for GBP to test the 1.2880 support but the next support at 1.2850 is likely out of reach. On the upside, only a break of 1.2970 would indicate that the current downward pressure has eased. The 1.3029 high is not expected to come into the picture any time soon”.
Next 1-3 weeks: “GBP rose to a high of 1.3029 last Friday, relatively close to the top our expected 1.2800/1.3050 consolidation range before falling sharply back to a low of 1.2910. As highlighted in recent updates, the immediate outlook for GBP is unclear after the recent volatile price actions and we continue to hold a neutral stance and expect GBP to trade sideways, likely within a broad 1.2800/1.3050 range”. Reported by FXstreet.com 55 minutes ago.
*Key Quotes*
24-hour view: “*GBP* traded at a higher and wider range of 1.2910/1.3029 last Friday (our expected consolidation range was 1.2870/1.2950). The daily closing in NY is on the weak side (close of 1.2915) which suggests increasing downward pressure. From here, there is scope for GBP to test the 1.2880 support but the next support at 1.2850 is likely out of reach. On the upside, only a break of 1.2970 would indicate that the current downward pressure has eased. The 1.3029 high is not expected to come into the picture any time soon”.
Next 1-3 weeks: “GBP rose to a high of 1.3029 last Friday, relatively close to the top our expected 1.2800/1.3050 consolidation range before falling sharply back to a low of 1.2910. As highlighted in recent updates, the immediate outlook for GBP is unclear after the recent volatile price actions and we continue to hold a neutral stance and expect GBP to trade sideways, likely within a broad 1.2800/1.3050 range”. Reported by FXstreet.com 55 minutes ago.
↧
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Investors betting against JD.com made $153 million after the company's CEO was accused of sexual misconduct (JD)
· *JD.com plunged after its CEO was detained in the US over a sexual-misconduct allegation.*· *Short sellers made $153 million in profits from the stock decline, which saw shares fall 14% last week.*
· *Watch JD.com trade in real-time here.*
JD.com short sellers — or investors betting on the company's stock to fall — made millions last week after CEO Liu Qiangdong was detained in the US over a sexual-misconduct allegation.
Following the news that Liu was arrested over a rape allegation in Minneapolis over Labor Day weekend, JD.com's stock dropped 14% last week. That generated mark-to-market profits of $153 million for short sellers, according to data from financial analytics firm S3 Partners.
"Short sellers have been selling into JD.com’s price weakness since mid-July with 7 million new shares shorted since July 15, up 23%," Ihor Dusaniwsky, managing director of predictive analytics at S3, said in an email.
Overall, short sellers have made $392 million in mark-to-market profits since January, most of which occurred during the second half of the year, Dusaniwsky added. S3 data shows JD.com is now the seventh-largest short in the Hong Kong/China region, with $1.03 billion of short interest.
Last month, JD.com, the second-largest Chinese e-commerce company after Alibaba, posted a loss of $0.23 per share on revenue of $18.5 billion. Analysts surveyed by Bloomberg were expecting a $0.12 per share gain on revenue of $19.31 billion.
Shares of JD.com are down 38% this year.
*Now read:*
· One of the most important startups in video games just lost its CFO — right after raising $145 million in new funds
Join the conversation about this story »
NOW WATCH: How LeBron James makes and spends his millions Reported by Business Insider 19 minutes ago.
↧
Edison Investment Research Limited: Edison issues outlook on John Laing Group (JLG)
Edison Investment Research Limited
10-Sep-2018 / 11:08 GMT/BST
--------------------
London, UK, 10 September 2018
*Edison issues outlook on John Laing Group (JLG)*
Continuity of strategy and personnel has enabled John Laing Group (JLG) to capitalise on the opportunities in the international market for infrastructure investment and establish an impressive track record of growth. With the demand for infrastructure projects remaining strong, we believe JLG is well placed financially, operationally and competitively to deliver attractive returns to shareholders.
After the recent strong performance, JLG's shares trade at a small premium (c 2%) to the H118 NAV per share of 307p. The share price is now broadly in line with our revised FY18 forecast NAV per share of 318p. However, despite its recent strong run, JLG stands at a discount to peer group averages (c 8% premium). At a 8% premium to H118 NAV per share of 307p, JLG would be worth c 332p/share. Given the undemanding relative rating, proven track record of growth and the prospect of continuing increases in the NAV per share and DPS, we believe JLG offers the potential for attractive returns for investors.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website
www.edisoninvestmentresearch.com
*About Edison:* Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
*For more information please contact Edison:*
Graeme Moyse, +44 (0)20 3077 5700
industrials@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research* *
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv* *
--------------------
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
--------------------
End of Announcement - EQS News Service Reported by EQS Group 33 minutes ago.
10-Sep-2018 / 11:08 GMT/BST
--------------------
London, UK, 10 September 2018
*Edison issues outlook on John Laing Group (JLG)*
Continuity of strategy and personnel has enabled John Laing Group (JLG) to capitalise on the opportunities in the international market for infrastructure investment and establish an impressive track record of growth. With the demand for infrastructure projects remaining strong, we believe JLG is well placed financially, operationally and competitively to deliver attractive returns to shareholders.
After the recent strong performance, JLG's shares trade at a small premium (c 2%) to the H118 NAV per share of 307p. The share price is now broadly in line with our revised FY18 forecast NAV per share of 318p. However, despite its recent strong run, JLG stands at a discount to peer group averages (c 8% premium). At a 8% premium to H118 NAV per share of 307p, JLG would be worth c 332p/share. Given the undemanding relative rating, proven track record of growth and the prospect of continuing increases in the NAV per share and DPS, we believe JLG offers the potential for attractive returns for investors.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website
www.edisoninvestmentresearch.com
*About Edison:* Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
*For more information please contact Edison:*
Graeme Moyse, +44 (0)20 3077 5700
industrials@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research* *
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv* *
--------------------
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
--------------------
End of Announcement - EQS News Service Reported by EQS Group 33 minutes ago.
↧
USD/CHF climbs further beyond 0.9700 handle, three-day tops
* • The post-NFP up-move continues for the second straight session on Monday.
• Bullish traders seemed largely unaffected by a modest USD retracement.
• Slight improvement in risk sentiment weighs on CHF and provides a minor boost.*
The USD/CHF pair continued gaining positive traction for the second consecutive session on Monday and was seen building on the post-NFP recovery move from over 4-1/2 month lows.
Friday's upbeat US monthly jobs report, especially strong wage growth data, cemented September Fed rate hike expectations and provided a strong lift to the US Dollar and helped the pair to recover around 60-pips from an intraday low level of 0.9642, the lowest since April 17.
The pair continued with its recovery move at the start of a new trading week and gained further beyond the 0.9700 handle. The up-move seemed largely unaffected by a modest USD retracement, albeit a positive tone around the US Treasury bond yields remained supportive.
Meanwhile, a slight improvement in risk sentiment, as depicted by stability across European equity markets, weighed on the Swiss Franc's safe-haven appeal and was seen as one of the key factors behind the pair's up-move to three-day highs, around the 0.9730-35 region.
There isn't any major market-moving economic data due for release from the US and hence, the broader market risk sentiment/USD price dynamics might continue to act as key determinants of the pair's momentum on Monday.
*Technical levels to watch*
Any subsequent up-move is likely to confront immediate resistance near the 0.9755-60 region, above which the pair seems more likely to extend the recovery move towards reclaiming the 0.9800 handle. On the flip side, the 0.9700 handle now seems to protect the immediate downside, which if broken might turn the pair vulnerable to head back towards challenging multi-month lows, around the 0.9640 area.
Reported by FXstreet.com 42 minutes ago.
• Bullish traders seemed largely unaffected by a modest USD retracement.
• Slight improvement in risk sentiment weighs on CHF and provides a minor boost.*
The USD/CHF pair continued gaining positive traction for the second consecutive session on Monday and was seen building on the post-NFP recovery move from over 4-1/2 month lows.
Friday's upbeat US monthly jobs report, especially strong wage growth data, cemented September Fed rate hike expectations and provided a strong lift to the US Dollar and helped the pair to recover around 60-pips from an intraday low level of 0.9642, the lowest since April 17.
The pair continued with its recovery move at the start of a new trading week and gained further beyond the 0.9700 handle. The up-move seemed largely unaffected by a modest USD retracement, albeit a positive tone around the US Treasury bond yields remained supportive.
Meanwhile, a slight improvement in risk sentiment, as depicted by stability across European equity markets, weighed on the Swiss Franc's safe-haven appeal and was seen as one of the key factors behind the pair's up-move to three-day highs, around the 0.9730-35 region.
There isn't any major market-moving economic data due for release from the US and hence, the broader market risk sentiment/USD price dynamics might continue to act as key determinants of the pair's momentum on Monday.
*Technical levels to watch*
Any subsequent up-move is likely to confront immediate resistance near the 0.9755-60 region, above which the pair seems more likely to extend the recovery move towards reclaiming the 0.9800 handle. On the flip side, the 0.9700 handle now seems to protect the immediate downside, which if broken might turn the pair vulnerable to head back towards challenging multi-month lows, around the 0.9640 area.
Reported by FXstreet.com 42 minutes ago.
↧
Xiaomi Redmi 6 now on sale in India; Redmi 6 Pro sale on September 13
The Redmi 6 went on sale today, for the first time in India via e-commerce portal Flipkart and Mi.com. The Redmi 6 Pro will go on sale on September 13 while the Redmi 6A will go on sale on September 19.
The Redmi 6 is priced at Rs 7,999 for the 3GB RAM/ 32GB inbuilt storage variant, while the 3GB RAM/ 64GB inbuilt storage variant is priced at Rs 9,499. The Redmi 6 Pro will be priced for Rs 10,999 for the 3GB RAM variant and Rs 12,999 for the 4GB RAM variant. Lastly, the Redmi 6A will be priced for Rs 5,999 for 16GB storage variant and Rs 6,999 for 32GB storage variant.
In terms of specifications, the Redmi 6 features a 5.45-inch full HD+ display with an aspect ratio of 18:9. It is powered by the MediaTek Helio P22 processor, and will be available in two RAM variants – 3GB RAM and 4GB RAM. It also offers two storage variant options – 32GB and 64GB along with a microSD card for expandable storage. Running Android 8.1 Oreo-based MIUI, the device comes equipped with a dual camera set up – 12MP + 5MP sensors. It also features a 5MP front-facing camera. Connectivity features include 4G LTE, Bluetooth 5.0, Wi-Fi, GPS/ A-GPS and microUSB. A 3000mAh battery completes the package.
On the other hand, the Redmi 6A features a 5.45-inch full HD+ display with an aspect ratio of 18:9. It is powered by the MediaTek Helio P22 processor, paired with 2GB RAM. It includes an internal storage of 16GB along with a microSD card for expandable storage. Running Android 8.1 Oreo-based MIUI, the device comes equipped with a 13MP rear camera along with a 5MP front-facing camera.
Lastly, the Redmi 6 Pro is the first in the series to feature a notch on its 5.84-inch display, with a 19:9 aspect ratio. Powered by a Snapdragon 625 and a large 4,000 mAh battery, the new Xiaomi phone runs on MIUI 9 and comes with Android 8.1 Oreo, as well as dual-SIM support. The camera set-up supports features such as AI Face Unlock and Portrait Mode, although the selfie camera is 5MP -- a fairly basic option for modern phones. The dual cameras at the back, 12MP + 5MP, are vertically aligned with the flash between them.
Article Type:
Report
Sections:
Technology
Authors:
DNA Web Team
Agencies:
DNA webdesk
Cities:
Mumbai
Tags:
Redmi 6
Redmi 6 price
Redmi 6 sale
Redmi 6 Pro
Redmi 6 Pro price
Redmi 6 Pro features
Redmi 6A
Redmi 6A price
Redmi 6A specs
Redmi 6A sale
Mon, 10 Sep 2018-03:36pm
Date updated:
Monday, 10 September 2018 - 3:42pm
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From Print Edition:
Highlights: Reported by DNA 33 minutes ago.
The Redmi 6 is priced at Rs 7,999 for the 3GB RAM/ 32GB inbuilt storage variant, while the 3GB RAM/ 64GB inbuilt storage variant is priced at Rs 9,499. The Redmi 6 Pro will be priced for Rs 10,999 for the 3GB RAM variant and Rs 12,999 for the 4GB RAM variant. Lastly, the Redmi 6A will be priced for Rs 5,999 for 16GB storage variant and Rs 6,999 for 32GB storage variant.
In terms of specifications, the Redmi 6 features a 5.45-inch full HD+ display with an aspect ratio of 18:9. It is powered by the MediaTek Helio P22 processor, and will be available in two RAM variants – 3GB RAM and 4GB RAM. It also offers two storage variant options – 32GB and 64GB along with a microSD card for expandable storage. Running Android 8.1 Oreo-based MIUI, the device comes equipped with a dual camera set up – 12MP + 5MP sensors. It also features a 5MP front-facing camera. Connectivity features include 4G LTE, Bluetooth 5.0, Wi-Fi, GPS/ A-GPS and microUSB. A 3000mAh battery completes the package.
On the other hand, the Redmi 6A features a 5.45-inch full HD+ display with an aspect ratio of 18:9. It is powered by the MediaTek Helio P22 processor, paired with 2GB RAM. It includes an internal storage of 16GB along with a microSD card for expandable storage. Running Android 8.1 Oreo-based MIUI, the device comes equipped with a 13MP rear camera along with a 5MP front-facing camera.
Lastly, the Redmi 6 Pro is the first in the series to feature a notch on its 5.84-inch display, with a 19:9 aspect ratio. Powered by a Snapdragon 625 and a large 4,000 mAh battery, the new Xiaomi phone runs on MIUI 9 and comes with Android 8.1 Oreo, as well as dual-SIM support. The camera set-up supports features such as AI Face Unlock and Portrait Mode, although the selfie camera is 5MP -- a fairly basic option for modern phones. The dual cameras at the back, 12MP + 5MP, are vertically aligned with the flash between them.
Article Type:
Report
Sections:
Technology
Authors:
DNA Web Team
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Highlights: Reported by DNA 33 minutes ago.
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Data on INVL Asset Management UAB issued investment funds units as of September 07, 2018
Vilnius, Lithuania, 2018-09-10 12:14 CEST (GLOBE NEWSWIRE) --
Data on INVL Asset Management UAB issued investment funds units is presented in the table as of September 07, 2018
Fund Unit price, EUR Issued units Redeemed units Total number of issued units
INVL Emerging Europe ex Russia TOP20 Subfund 31,7167 329379,0494
INVL Russia TOP20 Subfund 27,8127 5,3932 132,8686 383362,3225
INVL Emerging Europe Bond Subfund 39,1246 473,02 1027114,446
INVL Baltic Fund 38,0298 677,038727 189925,266292
INVL Asset Management UAB
Tel. (+370) 700 55 959
www.invl.com Reported by GlobeNewswire 35 minutes ago.
Data on INVL Asset Management UAB issued investment funds units is presented in the table as of September 07, 2018
Fund Unit price, EUR Issued units Redeemed units Total number of issued units
INVL Emerging Europe ex Russia TOP20 Subfund 31,7167 329379,0494
INVL Russia TOP20 Subfund 27,8127 5,3932 132,8686 383362,3225
INVL Emerging Europe Bond Subfund 39,1246 473,02 1027114,446
INVL Baltic Fund 38,0298 677,038727 189925,266292
INVL Asset Management UAB
Tel. (+370) 700 55 959
www.invl.com Reported by GlobeNewswire 35 minutes ago.
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Jeep Cherokee Limited 2018 review
Jeep Cherokee gets a new face and updated safety tech for 2019, but it's hamstrung by an unsettled ride, a coarse engine and a high price The Jeep Cherokee has come a long way since the first-generation SJ model was launched way back in 1974. The fifth-generation version we have here has lost the boxy, all-American image of that original, instead morphing into an SUV that carries very few features indeed to help distinguish it from its competitors in what is now one of the most crowded segments there is - seven-bar grille aside.For 2018, Jeep has treated the Cherokee to a facelift. Gone is the squinty-eyed front end of the 2014 model; it has been replaced by a far more classically handsome (if a little forgettable) nose. At the same time, a range of new active safety systems and updated infotainment software have been introduced.For the UK, the sole engine available is likely to be the same 2.2-litre four-cylinder Multijet II diesel from before, offered in a single 192bhp state of tune. This is paired with a nine-speed automatic gearbox that, in our pre-production test car, sent its power to the front wheels. That said, a four-wheel-drive model will also be made available.As before, the Cherokee’s suspension architecture consists of MacPherson struts up front and a multi-link arrangement at the rear.
Reported by Autocar 41 minutes ago.
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Rishabh Digha and Allied Products Ltd. on a High, Announces 20% Dividend
Despite recessionary trends and weak steel demand, *Rishabh Digha Steel and Allied Products* (BSE:531539) maintains a 15 year track record of regular dividend to its shareholders since 2004. It has declared 20 per cent dividend for FY18 and it has announced a book closure for dividend from September 14, 2018. Stock is available cum dividend till 14th September 2018. Incorporated in 1991, the company under the leadership of Mr. Ashok Mehta, Managing Director, is mainly engaged in the job-work of de-coiling, straightening, cutting, shearing of hot rolled, cold rolled and mild steel coils/sheets. Rishabh Digha’s production facility is located at Taloja District, Raigad, Maharashtra.
Spread across 5,430 square metre (approx. 60,000 sq. feet) of industrial shed, it has an equal amount of built plant capacity of processing and storage capability of 20,000 metric tonnes per month. Being strategically located at Taloja MIDC ensures easy transport of raw material and delivery of finished goods to all over the country. Further, the proximity to Jawaharlal Nehru Port Trust is an added advantage for its operation.
The company's client includes dealers of TATA Steels, SAIL, Ispat Steel, AbhayIspat (India), ARK Industries Ltd (Mumbai), Arya Ship Breaking Company, Delta Iron & Steel Co, Jay Ambey Steel Traders, Khanna Delta Steel Private Limited, Kothari Steel Syndicate, Krishna Sheet Processors, Jay Ambey Steel, Ridhi Sidhi Iron & Steel, Rohit & Company, Siddhi Enterprises and so on.
Being niche and efficient in its operation, Rishabh Digha valuations look compelling especially from a fixed assets as well as current assets perspective. The investment in this company is more of a play on management execution and improved profitability. Its ability to improve its scale of operations and efficiently manage it working capital requirements amidst a highly competitive and challenging scenario for the steel processing industry is the key sensitivities.
*Maintaining Health Growth*
Despite recessionary trends, across commodity and currency markets over these years, Rishabh Digha Steel had managed to grow at CAGR of 29 per cent in last 5 years. Not only that, Rishabh Digha Steel is a Zero Debt company and works with negligible working capital. While one would hardly think of a stock with such a negligible working capital, but it is hidden gem for a small cap stock, currently trading at Rs. 110.
Recently, Smart Investor Magazine has suggested that investors should watch this small-cap stock with a stop loss of Rs. 90. On the upper side it may go up to Rs. 125 level in short term while Rs. 200 level in long term. AT CMP of Rs. 104.90, the stock is trading at PE of 37.97x on its EPS (TTM) of Rs. 2.63. The stock is available at a discount currently and would be seen at 250-300 in near future.
Reason for a company like Rishabh Digha to do well is the low risk in the industry. The major acquisition cost is spent for land, plant and machinery that will rather appreciate and are easily saleable. Originally, the land was purchased at Rs. 200/- per sq. meter. In the year 1996 and today it is easily saleable at the throw away price of Rs. 20,000/- per sq. meter.
For financial year ended March 31, 2018, the company reported a net profit of Rs. 1.44 crore against loss of Rs. 0.15 crore, reporting an EPS of Rs. 2.56. It has posted steady numbers in Q1FY19 also. Rishabh Digha has maintained a regular dividend and its dividend pay-out ratio is fantastic. It has paid between 10-25 per cent from FY17. It has declared 20 per cent dividend for FY18 and it has announced a book closure for dividend from September 14, 2018. Stock is available cum dividend till 14th September 2018.
*About Rishabh Digha Steel and Allied Products *(BSE:531539)
The grass root level operations commenced in 1989 from a single shed in Navi Mumbai. In mid-1990s with the growing infrastructure demands of the liberalized nation, the privately held company acquired the present 5,340 sq. meters location from MIDC in the industrial development belt at Taloja, which is just a couple of hours drive from the financial capital of India; Mumbai and strategically located near JNPT with adequate infrastructure for easy transportation of heavy goods.
The company expanded gradually with continued dedication and vision of the promoters, it progressed to a public listed company and listed on Bombay Stock Exchange (BSE). The company has been paying healthy divided to its shareholders for the past few years.
Reported by NewsVoir 45 minutes ago.
Spread across 5,430 square metre (approx. 60,000 sq. feet) of industrial shed, it has an equal amount of built plant capacity of processing and storage capability of 20,000 metric tonnes per month. Being strategically located at Taloja MIDC ensures easy transport of raw material and delivery of finished goods to all over the country. Further, the proximity to Jawaharlal Nehru Port Trust is an added advantage for its operation.
The company's client includes dealers of TATA Steels, SAIL, Ispat Steel, AbhayIspat (India), ARK Industries Ltd (Mumbai), Arya Ship Breaking Company, Delta Iron & Steel Co, Jay Ambey Steel Traders, Khanna Delta Steel Private Limited, Kothari Steel Syndicate, Krishna Sheet Processors, Jay Ambey Steel, Ridhi Sidhi Iron & Steel, Rohit & Company, Siddhi Enterprises and so on.
Being niche and efficient in its operation, Rishabh Digha valuations look compelling especially from a fixed assets as well as current assets perspective. The investment in this company is more of a play on management execution and improved profitability. Its ability to improve its scale of operations and efficiently manage it working capital requirements amidst a highly competitive and challenging scenario for the steel processing industry is the key sensitivities.
*Maintaining Health Growth*
Despite recessionary trends, across commodity and currency markets over these years, Rishabh Digha Steel had managed to grow at CAGR of 29 per cent in last 5 years. Not only that, Rishabh Digha Steel is a Zero Debt company and works with negligible working capital. While one would hardly think of a stock with such a negligible working capital, but it is hidden gem for a small cap stock, currently trading at Rs. 110.
Recently, Smart Investor Magazine has suggested that investors should watch this small-cap stock with a stop loss of Rs. 90. On the upper side it may go up to Rs. 125 level in short term while Rs. 200 level in long term. AT CMP of Rs. 104.90, the stock is trading at PE of 37.97x on its EPS (TTM) of Rs. 2.63. The stock is available at a discount currently and would be seen at 250-300 in near future.
Reason for a company like Rishabh Digha to do well is the low risk in the industry. The major acquisition cost is spent for land, plant and machinery that will rather appreciate and are easily saleable. Originally, the land was purchased at Rs. 200/- per sq. meter. In the year 1996 and today it is easily saleable at the throw away price of Rs. 20,000/- per sq. meter.
For financial year ended March 31, 2018, the company reported a net profit of Rs. 1.44 crore against loss of Rs. 0.15 crore, reporting an EPS of Rs. 2.56. It has posted steady numbers in Q1FY19 also. Rishabh Digha has maintained a regular dividend and its dividend pay-out ratio is fantastic. It has paid between 10-25 per cent from FY17. It has declared 20 per cent dividend for FY18 and it has announced a book closure for dividend from September 14, 2018. Stock is available cum dividend till 14th September 2018.
*About Rishabh Digha Steel and Allied Products *(BSE:531539)
The grass root level operations commenced in 1989 from a single shed in Navi Mumbai. In mid-1990s with the growing infrastructure demands of the liberalized nation, the privately held company acquired the present 5,340 sq. meters location from MIDC in the industrial development belt at Taloja, which is just a couple of hours drive from the financial capital of India; Mumbai and strategically located near JNPT with adequate infrastructure for easy transportation of heavy goods.
The company expanded gradually with continued dedication and vision of the promoters, it progressed to a public listed company and listed on Bombay Stock Exchange (BSE). The company has been paying healthy divided to its shareholders for the past few years.
Reported by NewsVoir 45 minutes ago.
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