Category: rjlon

GiG to take Latvia’s Admirālu Klubs online

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Product & technology GiG to take Latvia’s Admirālu Klubs online The new digital offering is expected to launch next year.  “Gaming Innovation Group is well established throughout the iGaming industry as a reliable and trustful technology partner with a history of success working with land-based operators like ourselves,” the operator explained.  Admirālu Klubs has established a leading position in the land-based market, operating gaming halls across the country, and now aims to expand its presence online. This, it said, would be aided by its strong brand recognition and market knowledge, supported by GiG’s technology and expertise in taking land-based partners online. Companies: GiG Gaming Innovation Group (GiG) has sealed a long-term contract that will see it power a new digital offering for Latvian land-based gambling operator Admirālu Klubs. “GiG is very pleased to be supporting Admirāļu Klubs entrance into the online gambling space for both casino and sportsbook,” GiG chief executive Richard Brown said. “They have a large and successful retail network across the Baltics, and provide some of the highest quality retail gambling arcades in Latvia. Tags: Gaming Innovation Group Admirālu Klubs The deal will see GiG provide its platform, sportsbook and front-end development services for the operator roll out online betting and gaming in the regulated Latvian market, through a three-year contract.  Subscribe to the iGaming newsletter Topics: Casino & games Sports betting Online casino Product & technology Online sports betting Product & technology “Online gambling has a high growth in the market and we are excited to expand further our reach there.”  “We are pleased to have them supporting our digital transformation and online player acquisition strategy as we expand our operations through the regulated Latvian online casino and sports betting market.”  Latvian igaming revenue grew to €15.5m in the third quarter of the year. The year-to-date total is down just 6.2% year-on-year despite the online market being shut down between April and June after the country went into lockdown as a result of novel coronavirus (Covid-19). Regions: Baltics Latvia 13th November 2020 | By Robin Harrison Email Addresslast_img read more

CIEL Limited (CIEL.mu) 2006 Annual Report

first_imgCIEL Limited (CIEL.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2006 annual report.For more information about CIEL Limited (CIEL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the CIEL Limited (CIEL.mu) company page on AfricanFinancials.Document: CIEL Limited (CIEL.mu)  2006 annual report.Company ProfileCIEL Limited is an investment company headquartered in Ebene, Mauritius. The company operates in the following segments: agriculture and property, financial services, hotels and resorts, textiles, and healthcare businesses. The activities of the company are spread out over five countries that include Mauritius, Madagascar, Asia, Maldives and South Africa, just to name a few. CIEL Limited is listed on the Stock Exchange of Mauritius.last_img read more

Is Centrica the FTSE 100 bargain of the year?

first_img “This Stock Could Be Like Buying Amazon in 1997” See all posts by Rupert Hargreaves I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Is Centrica the FTSE 100 bargain of the year? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Shares in British Gas owner Centrica (LSE: CNA) have plunged in value over the past 12 months, slumping more than 40%, excluding dividends, since the end of February 2019. After these declines, there’s no denying the stock looks cheap. It’s currently dealing at a price of 76p, compared to 157p two years ago.However, while the stock might look a bargain on a price basis, from a fundamental perspective, Centrica doesn’t look particularly appealing.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Growing uncertaintyLast time I covered the company, I noted that while it looked cheap, we would have to wait for further updates from the business to confirm whether or not its recovery had taken hold. Unfortunately, recent trading updates from Centrica show the company is struggling. In its annual results, published at the beginning of February, the firm posted a £1.1bn pre-tax loss.A £476m writedown in the value of its oil and gas production assets, coupled with a £372m impairment of its 20% stake in the UK’s eight operational nuclear power plants, were responsible for the bulk of the losses.In addition, the company is suffering from the energy price cap. Revenues across the group declined 3% overall to £22.7bn. Excluding one-off charges, earnings fell 35%.This is all bad news for investors. Centrica has been trying to re-invent itself and return to growth for many years now. Most of these attempts have disappointed. Dividend cuts and asset sales have all failed to stabilise earnings, and the stock price has continued to plunge.Price vs valueLooking at these results, while Centrica might seem cheap from a price perspective, the stock doesn’t appear to be that attractive, considering its fundamentals.Indeed, shares in the utility provider are dealing at a forward price-to-earnings (P/E) ratio of 9.2. That seems about right for a company that has seen revenues decline at a compound annual rate of 1.8% for the past six years. What’s more, the firm has lost money in three out of the last six years.Moreover, it appears as if Centrica’s market-beating 6.7% dividend yield is also on shaky ground. As earnings have declined, dividend cover has slipped to just 1.6 times. Meanwhile, the group’s debt has ballooned. Centrica now carries £3.8bn of debt, giving a net debt to equity ratio of 313%.Further declinesAs such, while the Centrica share price now looks attractive after recent declines, the company’s shaky fundamentals could mean further declines could be on the cards.Centrica is facing some severe challenges, including falling customer numbers, rising costs and high levels of borrowing. These pressures are unlikely to go away any time soon, and the company will have to take some drastic action if it wants to reignite growth.Another dividend cut could be on the cards as management tries to stabilise the business, pay down debt, and deploy capital towards new growth initiatives. Therefore, it would be best to avoid the Centrica share price for the time being.There are plenty of other FTSE 100 stocks that seem more attractive from an income and growth perspective. Simply click below to discover how you can take advantage of this. Enter Your Email Address Image source: Getty Images Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Rupert Hargreaves | Wednesday, 26th February, 2020 | More on: CNA last_img read more

Forget buy-to-let! I’d buy these 2 FTSE 100 stocks today to retire on a passive income

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Peter Stephens owns shares of BAE Systems and Berkeley Group Holdings. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. The FTSE 100’s recent decline could mean that it now offers even better value for money compared to buy-to-let properties. A number of large-cap shares currently offer wide margins of safety, and may be a better means of building a retirement nest egg from which to draw a passive income in older age.With that in mind, here are two FTSE 100 shares that could be worth buying today. They appear to offer long-term growth potential, improving dividend prospects and low valuations that could catalyse your retirement outlook.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…BerkeleyThe recent results from Berkeley Group (LSE: BKG) highlighted the company’s long-term growth potential. It currently builds around 10% of London’s new homes, and is among a small number of housebuilders that  are able to take on long-term development projects. They could yield high returns at a time when London’s housing supply is relatively low.Looking ahead, economic conditions in the UK could hold back investor sentiment towards the stock in the near term. However, in the long run, its track record of delivering high-quality developments and using the cyclicality of the housing market to its advantage may lead to increased demand from investors for its shares.Berkeley currently trades on a price-to-earnings (P/E) ratio of 14.1. It has a generous capital return plan, and may provide a relatively consistent dividend outlook over the coming years. As such, while its 4% forecast rise in net profit next year may not ignite investor interest on a large scale, the stock has the potential to deliver impressive total returns in the long run that boost your retirement prospects.BAEAnother FTSE 100 share that has long-term total return potential is BAE (LSE: BA). The aerospace and defence company recently reported full-year results that were in line with expectations, while acquisitions and investment could strengthen its financial performance in the coming years.The aerospace and defence industry is experiencing a period of stronger growth compared to its recent past. Defence spending across countries with the largest military budgets, such as the US, is expected to grow over the long run. This could provide a boost to the company’s financial performance, while its expansion into new markets may broaden its profit potential.Trading on a P/E ratio of 12.6, BAE seems to offer good value for money at the present time. Certainly, coronavirus could have a negative impact on the prospects for the global economy, and may cause investor sentiment towards a wide range of companies to decline in the short run. But BAE’s strong position in the defence industry and the prospect of a recovery in FTSE 100 share prices may mean that now is an opportune moment to buy a slice of the business. It could help you to build a retirement nest egg from which to generate a passive income in older age. Peter Stephens | Thursday, 5th March, 2020 | More on: BA BKG center_img Forget buy-to-let! I’d buy these 2 FTSE 100 stocks today to retire on a passive income Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. See all posts by Peter Stephenslast_img read more

San Lorenzo Residence / Mike Jacobs Architecture

first_imgphotographs:  Michael WellsPhotographs:  Michael WellsSave this picture!© Michael WellsRecommended ProductsDoorsStudcoAccess Panels – AccessDorCompositesULMA Architectural SolutionsPolymer Concrete Facade in Sinafer HeadquartersCompositesLamitechPlastic facades PanelexDoorsECLISSESliding Pocket Door – ECLISSE LuceText description provided by the architects. Located at the end of a canyon road, the San Lorenzo House responds to and engages its surrounding landscapes: an interior private garden to the south and the manicured fairways of a golf course to the north. Save this picture!© Michael WellsFollowing a careful zoning study, two interlocking “L-shaped” formally organize the house: the first “L-shape”, an open and transparent enclosure and veranda (steel/glass), incorporates the communal living spaces of garden, pool, living rooms and theater; the second “L-shape,” an opaque enclosure (stucco/cedar), holds the basic form of the house and incorporates the private bedrooms and service spaces. Save this picture!© Michael WellsA large open living space is central to the organization of the house. Pocket sliding doors open the south wall to the garden and north facing windows unfold to view the fairways create direct connections to the exterior. These large openings passively cool the house and draw fresh air deep into the residual spaces to naturally ventilate the home. Save this picture!First Floor PlanSocial exchange is expressed by section. An elongated formal stair links the terraced living spaces to the exterior and connects to the theater below. A pair of secondary flanking stairs provide access from the residual private rooms and service areas. These multiple points-of-entry produce a constant interchange between the family unit.Project gallerySee allShow lessFilms & Architecture: “The Fifth Element”ArticlesPratt Explores the Importance of Cold War Era Pre-Fabricated Building SystemsEvent Share Year:  ArchDaily United States ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/338361/san-lorenzo-residence-mike-jacobs-architecture Clipboard Architects: Mike Jacobs Architecture Year Completion year of this architecture project “COPY” CopyHouses•Los Angeles, United States San Lorenzo Residence / Mike Jacobs Architecture “COPY” Photographscenter_img Projects San Lorenzo Residence / Mike Jacobs ArchitectureSave this projectSaveSan Lorenzo Residence / Mike Jacobs Architecture Save this picture!© Michael Wells+ 29 Share 2012 2012 Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/338361/san-lorenzo-residence-mike-jacobs-architecture Clipboard CopyAbout this officeMike Jacobs ArchitectureOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesLos AngelesHousesUnited StatesPublished on March 01, 2013Cite: “San Lorenzo Residence / Mike Jacobs Architecture” 01 Mar 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumPlasticsMitrexSolar SidingMetal PanelsAurubisOxidized Copper: Nordic BrownEnclosures / Double Skin FacadesCupa PizarrasCupaclad® 101 Random in Les PalmiersUrban ApplicationsIsland Exterior FabricatorsPublic Safety Answering Center II Envelope SystemConcreteKrytonConcrete Hardening – Hard-CemSkylightsVELUX CommercialModular Skylights – Ridgelight 25-40°Porcelain StonewareGrespaniaPorcelain Tiles – Coverlam ImperialWindowspanoramah!®ah! Vertical SlidingFastenersSchöckConcrete Façade Fasteners – Isolink®CarpetsFabromont AGTextile Floor Covering – Arena®CoatingsFormicaLaminate – ColorCore®2More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Houseslast_img read more

HAT Market Analysis for 4/23/21 with Bob Utterback

first_img SHARE HAT Market Analysis for 4/23/21 with Bob Utterback By Andy Eubank – Apr 23, 2021 SHARE Facebook Twitter Previous articleCan You Safely Apply Potash Ahead of Soybeans?Next articlePlanting Forecast: Two Windows Open as Temperatures Moderate Andy Eubank Audio Playerhttps://hoosieragtoday.com/wp-content/uploads/2021/04/Bob-Utterback-markets-1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Profit taking started Friday grain trade, but it didn’t take long for buyers to come back and send the markets back up. Bob Utterback has thoughts on this “once in a lifetime event.” Click to listen. Facebook Twitter Home Indiana Agriculture News HAT Market Analysis for 4/23/21 with Bob Utterbacklast_img read more

Gongadze trial postponed again

first_img February 8, 2006 – Updated on January 20, 2016 Gongadze trial postponed again News to go further News News Ukrainian media group harassed by broadcasting authority “Her decision is unacceptable and increases our fears about the handling of the case of Gongadze,” who was murdered in 2000, the worldwide press freedom organisation said. “She admits the trial is highly political but refuses to provide all the openness it should have. The trial is a test for the country’s newfound democracy and its new president, Viktor Yushchenko, who made solving the case a priority. It now seems some of those implicated in the murder still have enough power to keep some of the evidence hidden.”Yushchenko, who took office in January last year, promised last March he would speedily resolve the murder of Gongadze, who was editor of the online newspaper Ukraïnska Pravda. Three policemen accused of killing him – Valery Kostenko, Mykola Protassov and Olexander Popovitch – went on trial in Kiev on 9 January. But the hearing only lasted an hour because the judge said there was not enough space in the courtroom for any more than a few journalists. The next hearing was on 23 January.Judge Grigoryeva also initially refused a request for senior officials such as former President Leonid Kuchma and current parliamentary speaker Volodymir Lytvyn to be called as witnesses. Kuchma and Lytvyn are among those suspected of giving the orders for Gongadze’s murder. The judge changed her mind on this point yesterday. Organisation Help by sharing this information Crimean journalist “confesses” to spying for Ukraine on Russian TV Receive email alerts UkraineEurope – Central Asia February 26, 2021 Find out more UkraineEurope – Central Asia RSF_en Follow the news on Ukraine Ukraine escalates “information war” by banning three pro-Kremlin media March 26, 2021 Find out more Reporters Without Borders today criticised the new delay in the trial of the suspected killers of journalist Georgy Gongadze, supposedly because of the illness of one of the three accused. Kiev appeals court judge Irina Grigorieva agree to a request for postponement by defendant Olexander Popovitch, who said he was not well enough for further questioning, and adjourned the trial to 16 February so he could have medical treatment.Reporters Without Borders expressed surprise that the judge has so far agreed to all the defendants’ requests but rejected the call by the Gongadze family’s lawyer for the trial to be held in public.It also criticised the slowness of the trial, which suits many politicians who do not want their names mentioned at the trial only a few weeks before parliamentary elections.The Gongadze trial, which has been adjourned five times since it began on 9 January, is expected to last several months. ——6 February 2006Repeated adjournments hold up Gongadze murder trialReporters Without Borders today condemned the many interruptions and long adjournments that are slowing the progress of the trial of three policemen for the murder of journalist Georgy Gongadze in 2000. The most recent hearing, on 2 February, was adjourned because two of the defendants, Mykola Protasov and Oleksandr Popovych, felt faint and the court had to seek first aid for them. Both suffer from high blood pressure. Judge Irina Grigoryeva suggested that their feeling faint was due in part to the presence of parliamentarians in the courtroom.It was the second time that Protasov requested medical attention since he took the witness stand, and just the latest of many interruptions – in one case lasting two weeks – since the trial began on 9 January.The next hearing, scheduled for 8 February, will be held behind closed doors after the judges once again rejected a request by the lawyer representing Lessia Gongadze (the victim’s mother) for the public to be allowed to attend.——-25 January 2006Call for public trial of journalist’s accused killers_ read in RussianReporters Without Borders called today for the trial of the suspected killers of journalist Georgy Gongadze to be held in open court and expressed concern and surprise at a judge’s decision yesterday to hold it in secret. Judge Irina Grigorieva also banned journalists from the courtroom, citing article 40 of the criminal code and said evidence likely to reveal state secrets may be heard behind closed doors. Questioning of the accused, arguments in the case and announcement of the verdict will all be in secret. News September 7, 2020 Find out morelast_img read more

Permian breakfast honors top 10 students

first_img Registration set for engineering camp By admin – May 17, 2018 Noel earns award Pinterest Facebook OCA top 2 were ESL students Pinterest Permian Top two: From left: 1. Kristin Morton, 2. Marco Martinez. Permian High School held their Top 10 Breakfast Wednesday. Previous articleLegal clinics offered to low-income military vetsNext articleMammograms only $99 admin RELATED ARTICLESMORE FROM AUTHOR Facebookcenter_img Permian High School lauded its top 10 graduates with a breakfast Wednesday morning in the campus library.The breakfast comes the morning after the students were introduced to the Ector County Independent School District Board of Trustees, along with fellow top 10 students from Odessa High School and George H.W. Bush New Tech Odessa.Stephen M. Steen III, No. 8 in the class, has committed to the U.S. Naval Academy in Annapolis, Md. He had a friend a few years ago who went to West Point and told Steen about the benefits and advantages.His junior year, he received football offers from the Naval Academy and West Point.“That kind of solidified my idea to attend one of the academies,” said Steen, who has been the Permian varsity quarterback for the past two years. “It was always my dream to go to the Navy, so that was the main reason that I chose it …”The offer gives him a free education, but he has to commit to serve for five years afterward — something he said doesn’t bother him.“I’ve told several people this that the military aspect for me excites me more than the academics and the athletic life at the academy. I think I’m more excited to go and serve and kind of live out that adventure than I am for the four years I’ll be at the academy,” Steen said.He said playing football has taught him leadership and hard work, which can translate to the classroom. Those qualities, he said, will carry him through the academy and stick with him for the rest of his life.Steen said he plans to enlist in the U.S. Marine Corps when he graduates.“After that, we’ll see where life takes us,” he said.Calyha Brown, 18, was No. 9 her class. Brown plans to attend Prairie View A&M University to study psychology and earn her PhD.Her friend Braylynn Carrion, 18, is heading to the University of Texas at Austin to study chemistry. Carrion said she also plans to go to graduate school.Being in the top 10 is something Carrion said she and Brown have worked for since seventh grade. Carrion is No. 7 and Brown is No. 9.“It’s always been a goal of ours,” Carrion said. “It’s something that nobody else pushed us to do. It’s something that we wanted for ourselves.”“It’s definitely instilled in us to be the best that we can be and we had a lot of help from friends and teachers,” Brown said.Carrion said her motivation to be in the top 10 came from her brother, who graduated when she was 7.“Ever since, I’ve been going to the Permian graduations and seeing the top 10 on stage. It’s given me motivation to try hard and do well in school, so I can be successful one day,” Carrion said.Brown said it’s a chance for people to see her as more than one thing. She throws shot-put and discus for PHS and got a track scholarship to Prairie View A&M.“For me, I think it’s just knowing that there are people that look up to me and just knowing that you can be a multi-faceted person. I’m in track and field and also I’m in the top 10,” Brown said. “I just want people to see that you’re not limited to one aspect of your career, or your life, or your future,” Brown said.Carrion said even though they are going to different schools, they will still be connected and continue supporting each other.Seventeen-year-old Kayla Owen is No. 4 in the class. She plans to attend the University of Texas of the Permian Basin and major in early childhood education. She then wants to get her master’s degree in educational administration.Owen said it’s definitely not by chance that she and her peers are in the top 10.“We’ve all worked really hard for this, since pretty much junior high. … For the most part, it’s the same group of people that we’ve been in the top 10 with every year, so I’m very glad that we ended up making it,” Owen said.Marissa Williams and Megan Freeman, both 18, are ranked No. 10 and No. 5, respectively.Williams plans to attend Texas Tech University and study cell and molecular biology while Freeman is going for accounting, although she could change to music.“It’s a really cool experience (being in the top 10). It’s something I’ve wanted for the longest time, just being in the top 10 over the years because I was in the top 10 last year. It means a lot. My mom has an associate (degree) and my dad just has a high school degree, so I’m the first in my family to be top 10. …,” Williams said.Freeman said her ranking shows her hardworking mindset.Permian High School College Counselor Jennifer Perkins said this group of top 10 students is probably one of the better ones the school has had in a while.“I think they’ve between the 10 of them they’ve all volunteered over 1,400 hours. They’re all being awarded Texas Scholars tomorrow night (May 17). Five of them are academic hall of fame, which means they scored a 1,270 or higher on their SATs,” Perkins said.“A couple of them graduated this past weekend (from Odessa College) with their associate degrees and the scholarship total is over $700,000, just in this top 10. All of them are staying in the state, except for one. Steve is going to the Naval Academy, so it’s exciting for me. They’ve taken the most rigorous classes we have to offer. … They’re all leaders. I look around and … there’s not one student in here that hasn’t earned their keep at Permian. It’s a phenomenal class, for sure. They’re a good group of kids,” Perkins added. Local NewsEducation Permian breakfast honors top 10 students Twitter WhatsApp Twitter Virgin Coco MojitoFoolproof Roasted Pork TenderloinUpside Down Blueberry Pie CheesecakePowered By 10 Sec Mama’s Deviled Eggs NextStay WhatsApp Home Local News Education Permian breakfast honors top 10 studentslast_img read more

Glu Reports Fourth Quarter and Full Year 2020 Financial Results

first_imgLocal NewsBusiness Glu Reports Fourth Quarter and Full Year 2020 Financial Results 2019 $ Research and development 48,204 $ $ ) $19.0 $ $112.9 Revenue $141.4 11,260 23,216 17,643 User acquisition and marketing expenses $146.2 $118.0 (1,551 418,049 – Total liabilities and stockholders’ equity 67,754 155.8 1 37,749 Cash paid for royalty advances that are included in cash generated from operations (0.8) 14,037 15,347 265,882 2,101 $ $5.9 GAAP other operating expenses (GAAP operating expenses excluding user acquisition and marketing expenses) 141,401 653,855 37,407 $ 1,500 $32.3 Facebook 203,087 162,521 – Change in deferred royalties Hosting costs $1.8 Platform commissions, excluding any impact of deferred platform commissions * $32.4 Royalties, excluding any impact of deferred royalties* $8.0 $ $ 328,454 in millions, except per share dataDecember 31, 2020December 31, 2019 Cash paid for royalty advances that are included in cash generated from operations ($21.5) 150,754 (unaudited) $38.4 June 30, 39,669 (411,165 2019 36,792 $4.1 33,442 $ in millions, except per share dataDecember 31, 2020December 31, 2019 9,916 (1,345 Gross margin 64.6% $ Net income $20.4 29,239 184,630 $0.06 Net income per share – diluted $0.12 Accrued compensation Total current liabilities 34,571 Common stock 20,802 Depreciation $1.3 (6,382 Twitter 258,641 Condensed Consolidated Statements of Operations * Platform commissions, excluding any impact of deferred platform commissions, Royalties, excluding any impact of deferred royalties, and Adjusted other operating expenses are non-GAAP financial measures. These non-GAAP financial items should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for these non-GAAP financial items to the most directly comparable financial items based on GAAP are provided in GAAP to Adjusted results reconciliation table. December 31, 2020December 31, 2019LowHigh 2020 31,013 $ $ 828,302 Royalties, excluding any impact of deferred royalties* $38.3 145.8 9,617 $411.4 Glu Mobile Inc. Net income per share – diluted $0.13 (8,798 $122.6 $ 97,629 653,855 Long-term prepaid royalties Depreciation $5.4 $ 11,467 September 30, $36.6 $1.0 2,733 Operating expenses: Pinterest 30,706 (37 $19.0 Adjusted other operating expenses 28,122 0.07 15,318 Three Months EndedGuidance provided for three monthsended December 31, 2020 25,877 35,815 147.2 540,522 23,881 ) 30,092 Deferred revenue December 31, $7.2 Glu Mobile Inc. 141,112 Operating lease right of use assets $ “Our financial results reflect the tremendous progress we made throughout the year in effectively scaling our business to increase profitability and meaningfully expand our adjusted EBITDA margin,” said Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer. “We reached a milestone with record profitability and operating margin on a GAAP basis for the fourth quarter and full year 2020. Our key operating metrics – player conversion, engagement and monetization reflect the initiatives we have put in place to optimize our user acquisition and marketing spend. Our debt-free balance sheet remains in excellent shape with $364 million in cash.” Management Conference Call As a result of the proposed acquisition of Glu by Electronic Arts, which was separately announced today, Glu’s quarterly results conference call previously scheduled for February 9, 2021 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) has been cancelled. Disclosure Using Social Media Channels Glu currently announces material information to its investors using SEC filings, press releases, public conference calls and webcasts. Glu uses these channels as well as social media channels to announce information about the company, games, employees and other issues. Given SEC guidance regarding the use of social media channels to announce material information to investors, Glu is notifying investors, the media, its players and others interested in the company that in the future, it might choose to communicate material information via social media channels or, it is possible that information it discloses through social media channels may be deemed to be material. Therefore, Glu encourages investors, the media, players and others interested in Glu to review the information posted on the company forum ( http://ggnbb.glu.com/forum.php ) and the company Facebook site ( https://www.facebook.com/glumobile ) and the company twitter account ( https://twitter.com/glumobile ). Investors, the media, players or other interested parties can subscribe to the company blog and twitter feed at the addresses listed above. Any updates to the list of social media channels Glu will use to announce material information will be posted on the Investor Relations page of the company’s website at www.glu.com/investors. Use of Non-GAAP Financial Measures To supplement Glu’s unaudited condensed consolidated financial data presented in accordance with GAAP, Glu uses certain non-GAAP measures of financial performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Glu’s results of operations as determined in accordance with GAAP. The non-GAAP financial measures used by Glu include historical and estimated bookings, platform commissions, excluding any impact of deferred platform commissions, royalties, excluding any impact of deferred royalties, and adjusted operating expenses. These non-GAAP financial measures exclude the following items from Glu’s unaudited consolidated statements of operations:Change in deferred platform commissions;Change in deferred royalties;Amortization of intangible assets;Stock-based compensation expense;Transitional costs;Litigation costs; andRestructuring costs Bookings do not reflect the deferral of certain game revenue that Glu recognizes over the estimated useful lives of paying users of Glu’s games and excludes changes in deferred revenue. Glu may consider whether significant items that arise in the future should also be excluded in calculating the non-GAAP financial measures it uses. Glu believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding Glu’s performance by excluding certain items that may not be indicative of Glu’s core business, operating results or future outlook. Glu’s management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing Glu’s operating results, as well as when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate comparisons of Glu’s performance to prior periods. About Glu Mobile Glu Mobile (NASDAQ: GLUU) is a leading developer and publisher of mobile games. Founded in 2001, Glu is headquartered in San Francisco with additional locations in Foster City, Orlando, Toronto and Hyderabad. With a history spanning over a decade, Glu’s culture is rooted in taking smart risks and fostering creativity to deliver world-class interactive experiences for our players. Glu’s diverse portfolio features top-grossing and award-winning original and licensed IP titles including, Covet Fashion, Deer Hunter, Design Home, Diner DASH Adventures, Disney Sorcerer’s Arena,Kim Kardashian: Hollywood and MLB Tap Sports Baseball available worldwide on various platforms including the App Store and Google Play. For more information, visit www.glu.com or follow Glu on Twitter, Facebook and Instagram. Covet Fashion, Deer Hunter, Design Home, Diner DASH, Table & Taste, Tap Sports, Glu and Glu Mobile are trademarks of Glu Mobile Inc. 43,921 Cash generated from operations excluding royalty advances 47.6 0.12 48,799 Total liabilities Short-term operating lease liabilities Other long-term assets $0.07 Net income $23.9 – $ $127.1 $ 117,672 Weighted-average common shares outstanding – diluted 184.6 Income before income taxes $ 95,127 Sales and marketing 2019 Accumulated deficit 510 140,298 32,438 Additional paid-in capital 5,751 38,278 $ Condensed Consolidated Balance Sheets Prepaid expenses and other assets $25.4 ) Cash generated from operations excluding royalty advances $97.6 – 9,071 (471 (in thousands) (4,461 $ 39,317 Weighted-average common shares outstanding – basic 172.4 3,972 Net income per common share – basic 26,842 25,137 (4,080 By Digital AIM Web Support – February 8, 2021 – Income tax provision $ 2020 Cash and cash equivalents Platform Commissions, excluding any impact of deferred platform commissions (1,139 214,639 $ Hosting costs $7.6 ) Accounts payable and accrued liabilities Additional Financial Information Twitter September 30, 145,838 62,641 Adjusted other operating expenses* $147.3 $ (1,256 $ 0.14 8,974 127,053 20,626 5,875 348,969 (1 Net income per common share – diluted $24.7 $1.7 ($4.1) 43,040 $ (410 Weighted average common shares outstanding – diluted $ Weighted average common shares outstanding – basic (in thousands, except per share data) Prepaid royalties Income from operations $119.5 Twelve Months Ended Net income per share – basic $0.13 Three Months Ended 172,407 $124.5 ) 9,342 11,431 Pinterest December 31, December 31, 92,602 Total cost of revenue Weighted-average common shares outstanding – diluted 173.2 3,528 $ 8,629 ) Adjusted other operating expenses* $37.7 $108.4 $26.4 418,049 December 31, $1.5center_img December 31, Deferred royalties 27,246 24,848 Deferred platform commission fees – Accounts receivable, net (in thousands) Royalties, excluding any impact of deferred royalties $ Total current assets 463,072 4,693 10,790 ) Total operating expenses $ $ ) 9,688 28,727 0.07 191,553 20,476 December 31, ASSETS Revenue $540.5 4,758 $7.6 $ 116,227 ) Restructuring costs 15 Change in deferred platform commissions ) 30,989 Net income per share – basic $0.14 Platform commissions, excluding any impact of deferred platform commissions * $150.2 Accumulated other comprehensive loss 145,499 $ 7,960 119,718 $ 15,773 236,761 6,643 6,381 In addition to the reasons stated above, which are generally applicable to each of the items Glu excludes from its non-GAAP financial measures, Glu believes it is appropriate to exclude certain items for the following reasons: Change in Deferred Platform Commissions and Deferred Royalties. At the date we sell certain premium games and micro-transactions, Glu has an obligation to provide additional services and incremental unspecified digital content in the future without an additional fee. In these cases, we recognize any associated cost of revenue, including platform commissions and royalties, on a straight-line basis over the estimated life of the paying user. Internally, Glu’s management excludes the impact of the changes in deferred platform commissions and deferred royalties related to its premium and free-to-play games in its non-GAAP financial measures when evaluating the company’s operating performance, when planning, forecasting and analyzing future periods, and when assessing the performance of its management team. Glu believes that excluding the impact of the changes in deferred platform commissions and deferred royalties from its operating results is important to facilitate comparisons to prior periods and to understand Glu’s operations. Amortization of Intangible Assets. When analyzing the operating performance of an acquired entity or intangible asset, Glu’s management focuses on the total return provided by the investment (i.e., operating profit generated from the acquired entity as compared to the purchase price paid) without taking into consideration any allocations made for accounting purposes. Because the purchase price for an acquisition necessarily reflects the accounting value assigned to intangible assets (including acquired in-process technology and goodwill), when analyzing the operating performance of an acquisition in subsequent periods, Glu’s management excludes the GAAP impact of acquired intangible assets to its financial results. Glu believes that such an approach is useful in understanding the long-term return provided by an acquisition, and that investors benefit from a supplemental non-GAAP financial measure that excludes the accounting expense associated with acquired intangible assets. Stock-Based Compensation Expense. Glu applies the fair value provisions of Accounting Standard Codification Topic 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires the recognition of compensation expense, using a fair-value based method, for costs related to all share-based payments. Glu’s management team excludes stock-based compensation expense from its short and long-term operating plans. In contrast, Glu’s management team is held accountable for cash-based compensation and such amounts are included in its operating plans. Further, when considering the impact of equity award grants, Glu places a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants. Glu believes it is useful to provide a non-GAAP financial measure that excludes stock-based compensation in order to better understand the long-term performance of its business. Transitional Costs. GAAP requires expenses to be recognized for various types of events associated with a business acquisition such as legal, accounting and other deal related expenses. Transitional costs also include divestiture related expenses and termination of certain game related contracts. Glu believes that these transitional costs affect comparability from period to period and that investors benefit from a supplemental non-GAAP financial measure that excludes these expenses. Litigation Costs. Glu incurred legal costs related to the complaint filed by the former Chief Executive Officer of Crowdstar in the Superior Court of the State of California for the County of Santa Clara against Glu, Time Warner Inc., Intel Capital Corporation, Middlefield Ventures Inc., Rachel Lam, and Jose Blanc. Glu believes that these legal costs have no direct correlation to the operation of its ongoing core business and affect comparability from period to period and, as a result, that investors benefit from a supplemental non-GAAP financial measure that excludes these expenses. Restructuring Costs. Glu undertook restructuring activities in the third quarter of 2020 and recorded restructuring charges due to the termination of certain employees in its Canada and U.S. offices. Glu recorded the severance costs as an operating expense when it communicated the benefit arrangement to the employees and no significant future services, other than a minimum retention period, were required of the employees to earn the termination benefits. Glu believes that these restructuring charges do not reflect its ongoing operations and that investors benefit from a supplemental non-GAAP financial measure that excludes these charges. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005860/en/ CONTACT: Investor Relations Contact: Bob Jones / Taylor Krafchik Ellipsis [email protected] 646-776-0886 KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: ELECTRONIC GAMES ENTERTAINMENT MOBILE ENTERTAINMENT SOURCE: Glu Mobile Inc. Copyright Business Wire 2021. PUB: 02/08/2021 04:11 PM/DISC: 02/08/2021 04:11 PM http://www.businesswire.com/news/home/20210208005860/en 1,039 $0.06 2020 Other long-term liabilities $39.3 31,491 1,018 GAAP platform commissions $ (61 $1.9 Bookings $124.8 188,295 Amortization of intangible assets 15 Total assets General and administrative 214,962 $ Gross profit 157,383 6,924 WhatsApp 634,721 Long-term operating lease liabilities 43,307 ) 7,241 Platform commissions, royalties and other ($0.4) Three Months Ended Interest and other income, net: $ $ 37,351 (unaudited) 289 29,304 (232 $111.5 37,904 $ 26,879 Total stockholders’ equity $ (unaudited)Three Months Ended (5 5,315 14,613 $38.6 Glu Mobile Inc. Cost of revenue: 2019 $ $33.4 147,211 2020 32,094 8,871 $ ) Accrued royalties 0.06 $ 157.4 (4,969 5,067 $ Twelve Months Ended Bookings $560.6 0.13 3,258 $1.8 2020 73,562 28,747 20,515 March 31, (3,371 Cash and cash equivalents $364.4 35,032 Stock-based compensation ) December 31, 2020December 31, 2019 180,702 $423.3 $1.5 155,770 28,495 $ 49,645 Intangible assets, net $10.8 GAAP royalties (including impairment of royalties and minimum guarantees) 2019 592 Transitional costs 35,170 65.2% 6,285 $ Goodwill 1,071 0.06 46,330 35,279 18 595 $8.0 $ 12,831 (8,523 4,387 4,420 0.13 ) (1,014 20,447 Net income $ 2020 34,565 ) LIABILITIES AND STOCKHOLDERS’ EQUITY 6,382 Weighted-average common shares outstanding – basic 162.5 December 31, $28.7 ) $ 364,396 $127.1 $ 34,791 ) Property and equipment, net $ 112,879 $ TAGS  417,094 $ 31,461 48,689 Long-term accrued royalties (431,612 ) SAN FRANCISCO–(BUSINESS WIRE)–Feb 8, 2021– Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of mobile games, today announced financial results for its fourth quarter and full year ended December 31, 2020. “Our fourth quarter results capped off another strong year for Glu,” said Nick Earl, Chief Executive Officer. “The performance of our Growth Games and the resurgence of Kim Kardashian: Hollywood coupled with a strong contribution from the title we launched during the year, Disney Sorcerer’s Arena, drove a 32% year over year increase in bookings in 2020. The operating initiatives we put in place to improve productivity and scale our business took hold in the second half of 2020 resulting in a significant increase in profitability and increased margin expansion.” Fourth Quarter 2020 Financial Highlights: ) ) ) ) 15,654 10,921 ) – Additional Financial InformationTwelve Months Ended (641 64.6% 116,227 December 31, * Platform commissions, excluding any impact of deferred platform commissions, Royalties, excluding any impact of deferred royalties, and Adjusted other operating expenses are non-GAAP financial measures. These non-GAAP financial items should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for these non-GAAP financial items to the most directly comparable financial items based on GAAP are provided in GAAP to Adjusted results reconciliation table. Revenue ) 27,077 ) (2,142 2020 $ Full Year 2020 Financial Highlights: User acquisition and marketing expenses $19.1 GAAP to Adjusted Results Reconciliation Cash and cash equivalents $364.4 (1,015 411,381 $ ) $ $ 173,167 $8.9 (8,106 36,921 Gross margin 65.5% 17,535 WhatsApp $ 21,586 177,245 (4 $ Facebook 7,235 $ $0.07 Previous articleAECOM amends and extends its credit facility and links borrowing cost to sustainability and diversity goalsNext articleMan charged with assaulting, spitting on police officer Digital AIM Web Supportlast_img read more

6 killed in plane crash at famed golf course in Arizona

first_imgKNXV via ABCNews.com(SCOTTSDALE, Ariz.) — Six people died after their small plane crashed at the TPC Scottsdale Champions Course in Arizona on Monday, killing everyone on board, police said.Emergency crews responded to the fiery crash site, located just north of the Scottsdale Airport, at around 9 p.m. on Monday, authorities said.The aircraft, a Piper PA24, crashed and caught fire just after takeoff from Scottsdale Airport, FAA spokesman Allen Kenitzer said in a statement.“At this point in the investigation we can confirm that the flight originated from the Scottsdale airport and crashed shortly after takeoff,” the department said in a statement. “None of the six passengers aboard the aircraft survived.”The department said it would withhold the identities of the victims until next-of-kin notifications are complete.The National Transportation Safety Board is investigating the accident.The golf course was designed by Randy Heckenkemper, and is the sister course of the Stadium Course, where the PGA holds one of its most-popular annual tournaments.Copyright © 2018, ABC Radio. All rights reserved.last_img read more