Current capital – Angil http://angil.org/ Tue, 11 Jan 2022 22:22:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://angil.org/wp-content/uploads/2021/06/icon-2021-06-29T195041.460-150x150.png Current capital – Angil http://angil.org/ 32 32 Luoyang Glass (HKG: 1108) experiences growth in return on capital https://angil.org/luoyang-glass-hkg-1108-experiences-growth-in-return-on-capital/ Tue, 11 Jan 2022 22:17:10 +0000 https://angil.org/luoyang-glass-hkg-1108-experiences-growth-in-return-on-capital/ What are the first trends to look for to identify a title that could multiply over the long term? In a perfect world, we would like a business to invest more capital in their business, and ideally the returns from that capital increase as well. If you see this, it usually means it’s a company […]]]>

What are the first trends to look for to identify a title that could multiply over the long term? In a perfect world, we would like a business to invest more capital in their business, and ideally the returns from that capital increase as well. If you see this, it usually means it’s a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we’ve noticed some promising trends at Luoyang glass (HKG: 1108) so let’s look a little deeper.

Return on capital employed (ROCE): what is it?

If you’ve never worked with ROCE before, it measures the “return” (profit before tax) that a business generates on capital employed in its business. To calculate this metric for Luoyang glass, here is the formula:

Return on capital employed = Profit before interest and taxes (EBIT) ÷ (Total assets – Current liabilities)

0.16 = CN ¥ 870m ÷ (CN ¥ 9.8b – CN ¥ 4.3b) (Based on the last twelve months up to September 2021).

Thereby, Luoyang Glass has a ROCE of 16%. By itself, this is a normal return on capital and is in line with industry average returns of 16%.

See our latest review for Luoyang Glass

SEHK: 1108 Return on capital employed on January 11, 2022

Above you can see how Luoyang Glass’ current ROCE compares to its previous returns on capital, but there isn’t much you can say about the past. If you’d like to see what analysts are forecasting for the future, you should check out our free report for Luoyang Glass.

What can we say about the ROCE trend of Luoyang Glass?

The fact that Luoyang Glass is now generating pre-tax profits on its previous investments is very encouraging. About five years ago the company was making losses, but things have changed as it now earns 16% on its equity. In addition to this, Luoyang Glass employs 1,096% more capital than before, which is expected of a company trying to achieve profitability. This may tell us that the company has many reinvestment opportunities capable of generating higher returns.

One more thing to note, Luoyang Glass reduced current liabilities to 44% of total assets during this period, effectively reducing the amount of financing from suppliers or short-term creditors. So this improvement in ROCE came from the underlying economics of the business, which is great to see. Nonetheless, there are some potential risks the business bears with such high short-term liabilities, so keep that in mind.

The bottom line

In summary, it’s great to see that Luoyang Glass has managed to become profitable and continues to reinvest in his business. And as the stock has performed exceptionally well over the past five years, these trends are being taken into account by investors. So, given that the stock has proven to have some promising trends, it’s worth doing more research on the company to see if these trends are likely to continue.

On a final note, we found 3 warning signs for Luoyang glass (1 is significant) you must be aware.

Although Luoyang Glass does not currently generate the highest returns, we have compiled a list of companies that currently generate over 25% return on equity. Check it out free list here.

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

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Mixed-use building proposed for the Capital City Center Hotel and White Spot lots https://angil.org/mixed-use-building-proposed-for-the-capital-city-center-hotel-and-white-spot-lots/ Sun, 09 Jan 2022 20:45:33 +0000 https://angil.org/mixed-use-building-proposed-for-the-capital-city-center-hotel-and-white-spot-lots/ BC Housing offers a mixed-use building on the grounds where the Capital City Center Hotel and White Spot previously operated. The proposal for this lot contemplates to have purpose-built and designed supportive housing units, market rental units, sub-market rental units, office units, daycares, a public square, shops retail, grocery store and condominiums. BC Housing has […]]]>

BC Housing offers a mixed-use building on the grounds where the Capital City Center Hotel and White Spot previously operated.

The proposal for this lot contemplates to have purpose-built and designed supportive housing units, market rental units, sub-market rental units, office units, daycares, a public square, shops retail, grocery store and condominiums.

BC Housing has partnered with Chard Developments on this project, and they are currently under public consultation, as part of the City of Victoria’s rezoning process.

READ MORE: British Columbia spent ‘unprecedented’ $ 126 million on homeless housing in Victoria in past year

The group says that if successful, this project would unfold in four stages.

First, a supportive apartment building would be constructed at 722 and 726 Discovery Street across from this development.

Then the current tenants of the Capital City Center hotel would be moved to these units, if they so wished.

Once the hotel was empty, the hotel and the old White Spot would be demolished.

Finally, construction would begin on the towers.

Our Place Society has been operating supportive housing at the Capital City Center Hotel since October 2020, when the province purchased the hotel for this purpose. BC Housing says that once completed, Our Place will continue to operate supportive housing units in new buildings.

As part of the public consultation process, the Burnside Gorge Community Association will host a virtual community land use public meeting on February 7, where nearby neighbors will be invited to share their thoughts on the project.


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Short interest in TriState Capital Holdings, Inc. (NASDAQ: TSC) increases 19.5% https://angil.org/short-interest-in-tristate-capital-holdings-inc-nasdaq-tsc-increases-19-5/ Sat, 08 Jan 2022 09:38:32 +0000 https://angil.org/short-interest-in-tristate-capital-holdings-inc-nasdaq-tsc-increases-19-5/ TriState Capital Holdings, Inc. (NASDAQ: TSC) saw strong growth in short-term interest in December. As of December 15, there was short interest totaling 753,700 shares, an increase of 19.5% from the total of 630,900 shares as of November 30. Currently 2.7% of the company’s shares are sold short. Based on an average daily volume of […]]]>

TriState Capital Holdings, Inc. (NASDAQ: TSC) saw strong growth in short-term interest in December. As of December 15, there was short interest totaling 753,700 shares, an increase of 19.5% from the total of 630,900 shares as of November 30. Currently 2.7% of the company’s shares are sold short. Based on an average daily volume of 466,300 shares, the short-term interest rate is currently 1.6 days.

Shares of TriState Capital opened at $ 32.35 on Friday. The company has a market cap of $ 1.07 billion, a PE ratio of 20.61 and a beta of 2.16. TriState Capital has a twelve month low of $ 17.16 and a twelve month high of $ 32.44. The company’s 50-day mobile average price is $ 30.15, and its 200-day mobile average price is $ 24.04. The company has a current ratio of 0.94, a quick ratio of 0.94, and a debt to equity ratio of 0.56.

TriState Capital (NASDAQ: TSC) last released its results on Tuesday, October 19. The financial services provider reported earnings per share of $ 0.44 for the quarter, beating the Zacks’ consensus estimate of $ 0.42 by $ 0.02. TriState Capital had a net margin of 24.58% and a return on equity of 11.15%. The company posted revenue of $ 60.90 million for the quarter, compared to analysts’ estimates of $ 61.52 million. During the same period last year, the company posted $ 0.26 in EPS. On average, sell-side analysts predict TriState Capital will post 1.61 EPS for the current fiscal year.

The TSC has been the subject of several recent analyst reports. Zacks investment research downgraded TriState Capital shares from a “buy” rating to a “custody” rating in a research note on Wednesday, October 27. B. Riley downgraded TriState Capital shares from a “buy” rating to a “neutral” rating and increased the target share price from $ 28.00 to $ 31.00 in a research note Friday October 22. Finally, TheStreet downgraded TriState Capital shares from a “c +” rating to a “b-” rating in a Tuesday October 19th research note. Four investment analysts rated the stock with a conservation rating and one issued a strong buy rating for the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $ 31.67.

(A d)

There aren’t many days left on the calendar… and yet the global semiconductor market has reached $ 466.2 billion – despite the pandemic.

Better yet, the shortage of chips has created huge opportunities for recurring success.

These four tech companies are well positioned to take advantage of this rapidly growing demand.

In other news from TriState Capital, CEO James F. Getz sold 3,586 shares in a transaction dated Monday, November 1. The stock was sold for an average price of $ 30.05, for a total trade of $ 107,759.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 7.90% of the shares are currently held by insiders of the company.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Comerica Bank increased its stake in TriState Capital by 2.1% in the 3rd quarter. Comerica Bank now owns 124,772 shares of the financial services provider valued at $ 3,858,000 after purchasing an additional 2,565 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in TriState Capital by 101.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,275 shares of the financial services provider valued at $ 175,000 after purchasing an additional 4,160 shares during the last quarter. TownSquare Capital LLC purchased a new position in TriState Capital in the third quarter valued at approximately $ 356,000. LPL Financial LLC raised its stake in TriState Capital by 12.2% in the 3rd quarter. LPL Financial LLC now owns 23,197 shares of the financial services provider valued at $ 491,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in TriState Capital by 56.2% in the 3rd quarter. Citadel Advisors LLC now owns 117,111 shares of the financial services provider valued at $ 2,477,000 after purchasing an additional 42,132 shares in the last quarter. 84.64% of the shares are currently held by institutional investors and hedge funds.

About TriState Capital

TriState Capital Holdings, Inc is a banking holding company providing commercial banking, private banking and investment management services. It operates through the following segment: Banking and Investment Management, and Parent Company and Others. The Banking segment focuses on commercial banking products and services for mid-market companies and private banking products and services for high net worth individuals.

Recommended Story: What Does an Overweight Assessment Mean?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

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While TriState Capital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here


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Ares Capital Corporation Offers $ 500 Million Public Offering of 2.875% Unsecured Bonds Due 2027 https://angil.org/ares-capital-corporation-offers-500-million-public-offering-of-2-875-unsecured-bonds-due-2027/ Thu, 06 Jan 2022 22:15:00 +0000 https://angil.org/ares-capital-corporation-offers-500-million-public-offering-of-2-875-unsecured-bonds-due-2027/ NEW YORK–(COMMERCIAL THREAD) – Ares Capital Corporation (Nasdaq: ARCC) has announced that it has priced a $ 500 million subscribed public offering with a total principal amount of 2.875% of bonds maturing in 2027. The bonds will expire on June 15, 2027 and may be redeemed in whole or in part at Ares Capital’s option […]]]>

NEW YORK–(COMMERCIAL THREAD) – Ares Capital Corporation (Nasdaq: ARCC) has announced that it has priced a $ 500 million subscribed public offering with a total principal amount of 2.875% of bonds maturing in 2027. The bonds will expire on June 15, 2027 and may be redeemed in whole or in part at Ares Capital’s option at any time at par plus a “make-whole” premium, if applicable.

BofA Securities, Inc., JP Morgan Securities LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and Truist Securities, Inc. act as as co-bookkeepers for this offer. BNP Paribas Securities Corp., Capital One Securities, Inc., CIBC World Markets Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., ICBC Standard Bank Plc, Natixis Securities Americas LLC, R. Seelaus & Co. , LLC, Regions Securities LLC and SG Americas Securities, LLC are acting as joint lead managers for this offering. Barclays Capital Inc., BNY Mellon Capital Markets, LLC, ING Financial Markets LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc., Academy Securities, Inc., Citigroup Global Markets Inc., Comerica Securities, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Keefe, Bruyette & Woods, Inc., Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC act as co-managers for this offer. The offer is scheduled to close on January 13, 2022, subject to customary closing conditions.

Ares Capital expects to use the net proceeds of this offering to repay certain unpaid debts under its credit facilities. Ares Capital may re-borrow under its credit facilities for general corporate purposes, including by investing in holding companies in accordance with its investment objective.

Investors are urged to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing. The pricing terms sheet dated January 6, 2022, the preliminary prospectus supplement dated January 6, 2022 and the accompanying prospectus dated June 3, 2021, each of which has been filed with the Securities and Exchange Commission, contain this information. and others on Ares Capital and should be read carefully before investing.

The information contained in the pricing terms and conditions, the provisional prospectus supplement, the accompanying prospectus and this press release are not complete and are subject to change. The Pricing Terms Sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release do not constitute offers to sell any securities of Ares Capital and do not solicit an offer to buy such securities in a territory where such an offer and sale is not permitted.

The offer may only be made by means of a preliminary prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement (and accompanying prospectus) can be obtained from BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, at Attention: Prospectus Department, or by calling 1-800-294-1322 or emailing dg.prospectus_requests@bofa.com; JP Morgan Securities LLC, 383 Madison Avenue, New York NY 10179, Attn: Investment Grade Syndicate Desk, 1-212-834-4533; SMBC Nikko Securities America, Inc. at 277 Park Avenue, New York, New York 10172, Attn: Debt Capital Markets, 1-888-868-6856; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, at 1-800-645-3751, or email wfscustomerservice@wellsfargo.com.

ABOUT ARES CAPITAL CORPORATION

Ares Capital is a leading specialty finance company focused on providing direct loans and other investments to private mid-market companies in the United States. Ares Capital’s goal is to find and invest in high quality borrowers who need capital to achieve their business goals, which often leads to economic growth and jobs. Ares Capital believes that its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, uses its extensive direct origination capabilities and relationships with legacy borrowers to primarily seek out and underwrite senior secured loans, but also subordinated debt securities and debt securities. equity investments. Ares Capital has elected to be regulated as a Business Development Company (“BDC”) and is the largest publicly traded BDC by market capitalization as of December 31, 2021. Ares Capital is managed externally by a subsidiary of Ares Management Corporation (NYSE: ARES), one of the world’s leading publicly traded alternative investment managers.

FORWARD-LOOKING STATEMENTS

Statements included in this document may constitute “forward-looking statements”, which relate to future events or to the future performance or financial condition of Ares Capital. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties, including the impact of the COVID-19 pandemic and related changes in interest rates from base and significant market volatility on the activities of Ares Capital, the Ares Capital portfolio companies. , Ares Capital’s industry and the global economy. Actual results and conditions may differ materially from forward-looking statements due to a number of factors, including those described from time to time in documents filed by Ares Capital with the Securities and Exchange Commission. Ares Capital does not undertake to update the forward-looking statements contained in this document.


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SmartStop Self Storage REIT President and CEO H. Michael Schwartz to Present at KeyBanc Capital Markets Self-Storage Investor Forum https://angil.org/smartstop-self-storage-reit-president-and-ceo-h-michael-schwartz-to-present-at-keybanc-capital-markets-self-storage-investor-forum/ Tue, 04 Jan 2022 22:00:00 +0000 https://angil.org/smartstop-self-storage-reit-president-and-ceo-h-michael-schwartz-to-present-at-keybanc-capital-markets-self-storage-investor-forum/ LADERA RANCH, California, January 04, 2022– (COMMERCIAL THREAD) –SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, today announced that H. Michael Schwartz, President and CEO of the Company, will participate in a panel presentation at KeyBanc Capital Markets Self Storage Forum for investors in a panel titled: […]]]>

LADERA RANCH, California, January 04, 2022– (COMMERCIAL THREAD) –SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, today announced that H. Michael Schwartz, President and CEO of the Company, will participate in a panel presentation at KeyBanc Capital Markets Self Storage Forum for investors in a panel titled: Private operators: what awaits us for 2022; Assessment of the current landscape. The panel will be webcast live on January 6, 2022 at approximately 11:00 a.m. Eastern Time to registered conference attendees. Mr. Schwartz, along with other representatives of the Company, will also arrange meetings with registered investors at the conference.

About SmartStop Self Storage REIT, Inc. (SmartStop)

SmartStop is a self-managed REIT with a fully integrated operations team of approximately 400 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of January 4, 2022, SmartStop is one of the largest self-storage companies in North America, with a owned and managed portfolio of 162 properties in 19 states and in Ontario, Canada and comprising approximately 109,000 units and 12 , 4 million rentable square feet. SmartStop and its affiliates own or manage 19 self-storage properties in operation in the Greater Toronto Area, totaling approximately 16,200 units and 1.7 million rentable square feet. Additional information about SmartStop can be found at www.smartstopselfstorage.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220104005992/en/

Contacts

David Corak
Vice President of Corporate Finance
SmartStop Self Storage REIT, Inc.
949-542-3331
IR@smartstop.com


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National savings increase slightly with economic recovery https://angil.org/national-savings-increase-slightly-with-economic-recovery/ Sun, 02 Jan 2022 21:02:53 +0000 https://angil.org/national-savings-increase-slightly-with-economic-recovery/ Capital markets National savings increase slightly with economic recovery Monday 03 January 2022 A trader at Muthurwa market counting money after the day’s sale on Wednesday October 28, 2020. PHOTO | DENNIS ONSONGO | NMG By OTIATO GUGUYUMore from this author Summary The International Monetary Fund (IMF) predicts that the savings rate will continue to […]]]>

Capital markets

National savings increase slightly with economic recovery


A trader at Muthurwa market counting money after the day’s sale on Wednesday October 28, 2020. PHOTO | DENNIS ONSONGO | NMG

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Summary

  • The International Monetary Fund (IMF) predicts that the savings rate will continue to improve gradually over the next six years, reaching 13.2% in 2026.
  • The IMF predicts that government savings will drop from the currently negative 2.9% to 6% by 2026.

Kenya’s gross national savings are forecast to increase slightly to 8.2% of gross domestic product (GDP) by the end of 2021, from 7.9% the previous year, when job losses and the high cost of life has caused people to eat away at their savings.

The International Monetary Fund (IMF) predicts that the savings rate will continue to improve gradually over the next six years, reaching 13.2% in 2026.

The increase will be supported by the gradual recovery of the economy – and therefore of employment – and by an increase in government savings under the IMF program which aims to reduce budgetary expenditure in an effort to reorganization of state finances.

The IMF predicts that government savings will drop from the currently negative 2.9% to 6% by 2026.

At the same time, personal savings are expected to drop from 10.8% in 2020 to 11.5% in 2021 before falling back to 7.1% by 2026.

The low savings rate is seen as a reflection of lower disposable incomes, higher inflationary pressures and taxation, making it difficult for Kenyans to put money aside for the future.

The latest data from the Kenya National Bureau of Statistics (KNBS) shows that only 79,909 or 2.9% of the 2.7 million formal workers earn more than Sh 100,000, which is a drop from 84,870 at the end of 2019. due to the impact of Covid-19 on works.

The low savings rate also held back savings products, with banks’ deposit rate falling to 2.55% in May, the lowest since August 2016, when it stood at 1.68%.

Low returns on savings also act as a catalyst for people to save less and cash out their savings and choose to keep their money in assets with higher returns.

The lack of alternatives to the culture of bank deposits also hurts savings capacity, where people are unaware of higher yielding options such as investment funds and fixed income.

In 2017, the government introduced the M-Akiba mobile bond as an alternative savings option to encourage more Kenyans to save money for rainy days.

The retail bond paid a 10% coupon with a minimum subscription amount of 3,000 shillings (normal bonds start at 50,000 shillings) and was tax free, in line with other infrastructure bonds.

The government raised 1 billion shillings through the offers, which attracted 582,572 investors.

[email protected]


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Counties in the region have reached new heights on COVID; State doubles masks, tests, shootings – The Daily Gazette https://angil.org/counties-in-the-region-have-reached-new-heights-on-covid-state-doubles-masks-tests-shootings-the-daily-gazette/ Sat, 01 Jan 2022 03:58:41 +0000 https://angil.org/counties-in-the-region-have-reached-new-heights-on-covid-state-doubles-masks-tests-shootings-the-daily-gazette/ ALBANY – Although the state government is stepping up current countermeasures, it currently has no lockdown plan as a massive spike in COVID cases looms in the new year. “We are breaking records every day,” Gov. Kathy Hochul said Friday morning, after announcing that 76,555 new infections had been confirmed on Thursday and that the […]]]>

ALBANY – Although the state government is stepping up current countermeasures, it currently has no lockdown plan as a massive spike in COVID cases looms in the new year.

“We are breaking records every day,” Gov. Kathy Hochul said Friday morning, after announcing that 76,555 new infections had been confirmed on Thursday and that the count of COVID-positive patients in New York hospitals had reached 7,919, an increase of 7.4% compared to Wednesday.

A month earlier, as the fast-spreading omicron variant had just emerged and Hochul discussed preparations for a winter peak, 3,022 people were hospitalized statewide with the virus and the one-day record. for new infections was 19,942.

With new infections at a rate well above expectations from a month ago, Hochul on Friday unveiled Winter Surge 2.0, its updated plan to fight the virus.

It is essentially an expanded and improved vaccination, testing and masking campaign, without a stay-at-home order for New Yorkers or a shutdown order for businesses and public places.

Some details :

  • All SUNY and CUNY students should be vaccinated by January 15 if they haven’t already, and those who have should be reminded against COVID. They must also test negative when they return to campus after winter break. All SUNY and CUNY teachers must be vaccinated before January 15th.
  • The mask or vaccination order she issued in mid-December is extended from January 15 to January 31.
  • The state will attempt to secure and then distribute newly authorized antiviral drug treatments for those infected.
  • The state will open six new test sites statewide (including one in the Crossgates shopping center) next week, to complement the overburdened network of test sites currently in operation.

FAST

State Health Commissioner Dr Mary Bassett said on Friday there remained hope that the omicron variant responsible for the current outbreak will peak and decline relatively quickly, with a lower percentage of infections resulting in hospitalization or death. This is the omicron model followed in South Africa, where it was first observed.

But a small percentage of a large number is still a large number, Bassett said.

Hochul has taken parents to task on vaccination: Only 28% of New York City children aged 5 to 11 have received at least one injection of the COVID vaccine, compared to 95% of adults.

“Parents, I asked you during this [school] break to get them out on one of the many sites, ”she told Friday’s press conference. “These numbers are expected to climb much higher.”

State operations director Kathryn Garcia joined Hochul on Friday to provide an update on home test kits.

These kits are an important part of the strategy to keep children in school amid the pandemic outbreak: if one of their classmates tests positive, a child can be given a test kit to take home. , rather than automatically entering quarantine. If they are negative, they can go back to school.

Many school districts say they haven’t seen any of the millions of kits Hochul promised.

Garcia said 5.28 million was delivered to the state government this week, and another 4-8 million is expected to arrive this weekend. They are distributed statewide, including 281,000 in schools in the capital region and 135,000 in schools in the Mohawk Valley, she said.

The Schenectady Town School District on its website says it has not received any of the test kits. But Schenectady, most of the other school districts and Hochul herself, say the plan is for the children to be back on site for class on Monday morning.

LOCAL OVERVOLTAGE

The local impact of this latest wave of COVID has varied: some counties in the capital region, especially the larger ones, are close to or have exceeded record levels of infections. Smaller counties, especially those in the eastern Mohawk Valley, were lower than their previous highs.

All are doing better than New York, where the push has been concentrated.

Albany County Director Daniel McCoy and Health Commissioner Dr Elizabeth Whalen discussed the situation at a press conference on Friday morning.

McCoy said 1,003 new infections had been confirmed in the county population as of Thursday, more than double the one-day high, set earlier this week.

“You don’t go numb. You start to be shocked and alarmed, ”he said.

And 1,003 isn’t even a full tally, McCoy said: “It doesn’t include COVID test kits, the ones you buy at the supermarket.”

Whelan said:

“We are starting to see what we planned, which is an exponential spread. This is probably due to omicron.

McCoy and Whelan were joined by Dr. Thea Dalfino, Chief Medical Officer of Acute Care at St. Peter’s Health Partners.

She asked the public to look elsewhere for tests unless they are seriously ill.

“We are currently overwhelmed in our emergency departments with patients arriving with very mild symptoms or some without symptoms requesting a COVID test,” she said.

“Our emergency services are really for the sickest patients. … We really want to be able to make this resource available to patients who absolutely need it.

STATISTICS

Here are some local statistics as of Thursday, as reported by the state Department of Health on Friday:

  • The census of COVID-positive patients in hospitals in the capital region reached 271, down from a recent low of 238 on December 24, but still below a recent high of 306 on December 6.
  • Mohawk Valley hospitals held steady at 130 COVID patients, up from a recent peak of 162 on December 2.
  • Six of the Capital Region’s eight counties – Albany, Greene, Rensselaer, Saratoga, Schenectady and Warren – all hit a new one-day high for lab-confirmed infections by a wide margin on Thursday; an additional unknown number of positive self-tests were not counted.
  • The rate of positive tests exceeded 10% in all but one of New York’s 62 counties and exceeded 20% in 18 counties. The number of new infections per 100,000 population reached triple digits in all but six counties.

As a measure of the pandemic, the seven-day moving average is considered a better measure than the one-day total because it alleviates anomalies such as the Christmas holidays.

Here is the daily number of new infections per 100,000 population and the seven-day average percentage of positive tests in some counties and regions:

Albania 114.6 14.3%
Fulton 64.5 75.7%
Montgomery 75.7 11.1%
Rensselaer 100.3 12.7%
Saratoga 127.5 14.0%
Schenectady 99.2 11.7%
Schoharie 61.6 10.4%
Capital region 109.3 13.4%
Mohawk Valley 85.3 11.4%
New York City 387.3 18.6%
Statewide 271.6 17.9%

More from The Daily Gazette:

Categories: News


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Buybacks set for a record year, but who are they helping? https://angil.org/buybacks-set-for-a-record-year-but-who-are-they-helping/ Thu, 30 Dec 2021 13:02:29 +0000 https://angil.org/buybacks-set-for-a-record-year-but-who-are-they-helping/ Redemptions are increasing. After cratering in the first half of 2020, buybacks have increased for six consecutive quarters and are ready for a record year. S&P 500 share buybacks:Q1 20: $ 199 billion Q2 20: $ 89 billion Q3 20: $ 102 billionQ4 20: $ 131 billionQ1 21: $ 178 billionQ2 21: $ 199 billionQ3 […]]]>

Redemptions are increasing. After cratering in the first half of 2020, buybacks have increased for six consecutive quarters and are ready for a record year.

S&P 500 share buybacks:
Q1 20: $ 199 billion
Q2 20: $ 89 billion
Q3 20: $ 102 billion
Q4 20: $ 131 billion
Q1 21: $ 178 billion
Q2 21: $ 199 billion
Q3 21: $ 234.6 billion
Q4 21 (est.) $ 238 billion
Source: S&P Dow Jones Indices

At nearly $ 850 billion, the total volume of buybacks for 2021 would surpass the record of $ 806 billion seen in 2018.

Fueling the Rise: Finance and Technology

Most of the buyouts are concentrated in a small group of companies. The top five accounted for nearly 30% of third quarter buybacks. Four of the five are technology companies.

Redemption of monsters
(largest buybacks, Q3 2021)

Apple $ 20.4 billion
Meta-platforms $ 15 billion
Alphabet $ 12.6 billion
Bank of America $ 9.9 billion
Oracle $ 8.8 billion
Source: S&P Dow Jones Indices

Why are buyouts so concentrated in tech companies? These are the companies that have the highest cash flows, which allows them to buy back shares.

Financials made a comeback this year on the buyback list because many returned excess capital. American Express and Morgan Stanley also made major buyouts this year.

Do redemptions benefit the investor?

Buybacks that do not also reduce the number of shares do not benefit investors because it is the reduced number of shares that improves earnings per share, which investors want.

But many companies are announcing buybacks even as they offer new options to executives and other employees, which doesn’t reduce the number of shares. These officers and employees exercise these options.

It is like emptying a swimming pool (buying back stock) and filling it at the same time with a pipe (creating new stock thanks to the options).

The result, often, is a wash. The total number of stocks in the S&P 500 is slightly higher today than it was in 2018.

S&P 500: outstanding shares
2018 $ 300 billion
2019 $ 296 billion
2020 $ 312 billion
2021 (year to date) $ 306 billion
Source: S&P Dow Jones Indices

There is an additional reason why buybacks do not generate a reduction in the number of shares despite record amounts: Buybacks are executed in dollars, not repurchased shares, but the S&P 500 is up almost 50%. since the end of 2019.

“The impact on the number of shares remains significantly lower compared to previous years, as rising stock prices have reduced the number of shares that companies can buy back with their current spending,” said Howard Silverblatt, who monitors buybacks as lead index analyst for S&P Dow Jones Indices. in a recent note to clients.

The bottom line, according to Silverblatt: “The number of shares has increased, despite the fact that more than $ 2 trillion has been spent on buybacks since the end of 2018.”

Here are the companies that are really reducing the number of their shares

Some companies are actually reducing their stock numbers with the help of buybacks and have drastically improved their earnings per share, including some of the bigger tech companies.

Redemption of monsters
(reduction in the number of shares since 2018)

Apple 19%
Alphabet 9%
Facebook 1%
Oracle 35%
Microsoft 3%

2022: another record year?

As consumption remains strong and corporate profits are expected to rise by at least 10% in 2022, buyout watchers see the potential for another record year in 2022.

“The record buyout pace seen in the second half of 2021 will likely continue into 2022 as US companies find their balance sheets filled with cash as the new year dawns,” Ben Silverman, research director at InsiderScore, told me.

SIlverblatt agrees, but with a caveat: “Companies should increase spending, which is necessary for higher priced stocks, but not enough to impact stock counts. “

Should we tax redemptions?

The huge sums spent on buyouts have fueled outrage in Washington, where many have long complained that buyouts don’t do much but enrich management.

President Joe Biden’s Build Back Better plan proposes a 1% excise tax on buybacks. The new tax is expected to generate $ 124 billion in revenue over 10 years, but negotiations are currently stalled.

the Tax Policy Center argued that buyouts reduce the tax burden on corporations because they allow greater deferral of capital gains. “Since share repurchases avoid taxation at the investor level, the repurchase tax is a reasonable way to reduce the tax advantage,” the center said.


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3D movies are an expensive gadget for people with two working eyes, a frustrating exercise for me https://angil.org/3d-movies-are-an-expensive-gadget-for-people-with-two-working-eyes-a-frustrating-exercise-for-me/ Tue, 28 Dec 2021 17:39:42 +0000 https://angil.org/3d-movies-are-an-expensive-gadget-for-people-with-two-working-eyes-a-frustrating-exercise-for-me/ Capital Current reporter Mia Jensen. Every once in a while you get a revelation about something that has bothered you your entire life – something that, for some reason, you never quite understood. During the pandemic, as I spent hours and hours switching between my laptop and my phone, unable to leave my home as […]]]>
Capital Current reporter Mia Jensen.

Every once in a while you get a revelation about something that has bothered you your entire life – something that, for some reason, you never quite understood.

During the pandemic, as I spent hours and hours switching between my laptop and my phone, unable to leave my home as I waded through online school, I began to think about my vision that deteriorated continuously. And I came to a very stupid realization.

I was absolutely right to hate 3D movies.

The fancy way to describe what is wrong with my eyes is “strabic amblyopia” or amblyopia (reduced vision in one eye) caused by strabismus (abnormal alignment of the eyes). It’s basically a complicated way of saying that I have a lazy right eye that turns inward, and I haven’t been able to see properly with it in years.

I’ve been wearing glasses since I was eight or nine, just old enough that correcting my vision problems wasn’t really in the cards. As I got older, the vision in both of my eyes kept deteriorating and my contact lens prescription got stronger and stronger. At one point I had a pair of metal rimmed glasses with a straight lens so thick the glass always looked like it was ready to pop out of the frame.

At 21, there is virtually no chance of repairing my right eye. I can barely see with one of the strongest prescriptions I can get that has basically stayed the same for years.

Basically, I don’t have binocular vision. Do you know what binocular vision is for? The pleasure of 3D movies.

Whenever I see a 3D movie, I stop trying to watch about 30 minutes after the movie starts because the image is just too blurry. Double vision is bad enough when it’s your everyday experience, but when you go to see a 3D movie, that’s the whole point of the experience.

The glasses they give you at Cineplex may no longer feature the classic blue and red, but the new RealD 3D black plastic glasses work essentially on the same principle: the lenses are slightly different and they work together to create the lens. illusion of depth on the cinema screen. While classic glasses relied on lenses of different colors to achieve this effect, the new ones use different polarizations in each lens.

Whenever I see a 3D movie, I stop trying to watch about 30 minutes after the movie starts because the image is just too blurry. Double vision is bad enough when it’s your everyday experience, but when you go to see a 3D movie, that’s the whole point of the experience. It’s not like I can just close my evil eye to clear up the headache.

And it’s not just me and my lazy-eyed compatriots who can’t stand watching them. When Avatar the “revolutionary” 3D film by director James Cameron first released in 2009, reports of headaches and nausea have been corroborated by studies which have found that 3D technology causes unnatural eye movements that cause fatigue.

Not to mention the discomfort of the glasses themselves, especially if you have to stack them on top of the ones you’re already wearing. And what about these ticket prices? Isn’t the price hike at the concession stand enough?

It may have taken me years to fully understand the root of my anti-3D feelings, but now I realize that I’ve always been right. If some moviegoers want to continue paying too much for this uncomfortable and disappointing gadget, I won’t be the one to stop them. But personally, my eyes are wide and I feel pretty comfortable with my decision to never go see a 3D movie again.


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Precision Camshafts (NSE: PRECAM) returns on capital do not reflect well on the business https://angil.org/precision-camshafts-nse-precam-returns-on-capital-do-not-reflect-well-on-the-business/ Mon, 27 Dec 2021 01:03:30 +0000 https://angil.org/precision-camshafts-nse-precam-returns-on-capital-do-not-reflect-well-on-the-business/ If you are looking for a multi-bagger, there are a few things to look out for. A common approach is to try to find a business with Return on capital employed (ROCE) which increases, in connection with growth quantity capital employed. Simply put, these types of businesses are dialing machines, which means they continually reinvest […]]]>

If you are looking for a multi-bagger, there are a few things to look out for. A common approach is to try to find a business with Return on capital employed (ROCE) which increases, in connection with growth quantity capital employed. Simply put, these types of businesses are dialing machines, which means they continually reinvest their profits at ever higher rates of return. Although, when we considered Precision camshafts (NSE: PRECAM), it didn’t seem to tick all of those boxes.

Understanding Return on Capital Employed (ROCE)

Just to clarify if you’re not sure, ROCE is a measure of the pre-tax income (as a percentage) that a business earns on the capital invested in its business. Analysts use this formula to calculate it for precision camshafts:

Return on capital employed = Profit before interest and taxes (EBIT) ÷ (Total assets – Current liabilities)

0.018 = 136m ÷ (₹ 10b – ₹ 2.7b) (Based on the last twelve months up to September 2021).

So, Precision Camshafts has a ROCE of 1.8%. Ultimately, that’s low efficiency, and it’s lower than the auto components industry average of 13%.

See our latest review for precision camshafts

NSEI: PRECAM Feedback on Employee Capital December 27, 2021

Although the past is not representative of the future, it can be useful to know the historical performance of a company, which is why we have this graph above. If you want to learn more about the history of precision camshafts, check out this free graph of past income, income and cash flow.

What can we say about the ROCE trend for precision camshafts?

On the surface, the ROCE trend at Precision Camshafts does not inspire confidence. About five years ago, returns on capital were 12%, but since then they have fallen to 1.8%. However, as both capital employed and income have increased, it appears that the company is currently continuing to grow, resulting in short-term returns. If these investments prove to be successful, it can bode very well for stock performance in the long run.

What we can learn from the ROCE of precision camshafts

Although returns on capital have declined in the short term, we find promise that both income and capital employed have increased for Precision Camshafts. These trends do not appear to have influenced returns, however, as the stock’s total return has been mostly stable over the past five years. Accordingly, we recommend that you dig deeper into this stock to find out what other business fundamentals can show us.

Precision camshafts carry certain risks, we have noticed 4 warning signs (and 1 which is of concern) we think you should be aware of.

If you want to look for solid businesses with great income, check out this free list of companies with good balance sheets and impressive returns on equity.

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


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