Rate of Return – Local Collectors Post http://www.localcollectorspost.org/ Sat, 24 Sep 2022 19:39:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.localcollectorspost.org/wp-content/uploads/2021/03/locacollectorspost-icon-70x70.png Rate of Return – Local Collectors Post http://www.localcollectorspost.org/ 32 32 With Craig Kimbrel demoted, who will be the next closest Dodgers? https://www.localcollectorspost.org/with-craig-kimbrel-demoted-who-will-be-the-next-closest-dodgers/ Sat, 24 Sep 2022 15:34:01 +0000 https://www.localcollectorspost.org/with-craig-kimbrel-demoted-who-will-be-the-next-closest-dodgers/

The Dodgers eventually ripped the bandage off, but they still have to tend to the festering wound underneath.

After a season of ups and (mostly) downs, former superstar closest Craig Kimbrel was let go on Friday, with manager Dave Roberts announcing a move that seemed inevitable with the veteran right-hander sporting a 4.07 ERA and just 22 saves in 27 opportunities.

Who replaces Kimbrel has suddenly become one of the biggest questions facing the Dodgers, with ninth-inning uncertainty rising to the top of their playoff checklist.

For now, Roberts said it would be a tighter situation by committee. Each night, the save opportunities will be dictated by the matchups and the flow of the game.

For a team that still ranks second in the relief ERA majors – even after Kimbrel’s prolonged lapses – they will present a myriad of intriguing options to evaluate as October approaches.

“I think for us it’s treating him like we treat all of our guys in terms of putting them in the best position to go out,” Roberts said of Kimbrel and the bullpen in general. “That’s kind of how I’m going to approach each round.”

Here’s a look at all of the Dodgers’ ninth-inning options (in no particular order).

Evan Phillips

2022 season: 1.24 ERA, 0.74 WHIP, two saves

Career saves: three

The most obvious candidate to succeed Kimbrel closer might seem to be Phillips, the right-handed journeyman who thrived in his first full season with the Dodgers.

However, saving the 28-year-old for the ninth inning could come at a cost earlier in games.

With no other key lever relievers this year, Phillips has established himself as the Dodgers’ best coach. Whenever an opposing order’s heart comes to home plate late in the game, Phillips is called out. Every time another pitcher finds himself in a potentially disastrous last-inning jam, Phillips is called out.

Dodgers receiver Will Smith, left, congratulates reliever Evan Phillips after a successful playoff outing last season.

(Wally Skalij/Los Angeles Times)

A few times this year, Phillips has been called up for backup opportunities in the ninth, having occasionally taken over on nights when Kimbrel was unavailable due to rest.

However, his value in the prep/firefighter role has been — and in the playoffs, will almost certainly continue to be — incalculable.

So while Roberts said on Friday he wouldn’t hesitate in the ninth inning, and while there will likely be nights when saving Phillips for the final three outs might make the most sense, it’s hard to say. imagine the Dodgers bypassing him if big moments come sooner. in games.

Brusdar Graterol

2022 season: 2.96 ERA, 0.92 WHIP, three saves

Career saves: three (plus one in the playoffs)

If anyone in the Dodgers bullpen has the kind of raw stuff often associated with ninth-inning dominance, it’s Graterol.

Wielding a triple-digit fastball and ever-improving cut, the 24-year-old right-hander has been touted as a potential closer future since the Dodgers acquired him from the Minnesota Twins ahead of the 2020 season.

After bouts of inconsistency, Graterol appeared to finally make a move before missing nearly a month with an elbow injury, which he finally recovered from earlier this week.

Although Graterol still isn’t hitting as many batters as his electric arsenal would suggest (his 22.4 percent strikeout rate this year is below the league average), he had begun to find other forms of success before his injury.

In 19 appearances between June 8 and August 28, he had a .89 ERA, a .171 batting average against and 18 strikeouts without a walk.

He also has a promising record in October, with a 2.04 career postseason ERA in 18 outings — including a stoppage to clinch the Dodgers’ wildcard round streak against the Milwaukee Brewers in 2020.

Alex Vesia

2022 season: 2.26 ERA, 1.14 WHIP, one stoppage

Career saves: two

On nights when a string of left-handed hitters are expected in the ninth, Vesia might present the Dodgers’ most attractive option.

Dodgers reliever Alex Vesia lets out a cry after retiring in a playoff game last season.

Dodgers reliever Alex Vesia lets out a cry after retiring in a playoff game.

(Wally Skalij/Los Angeles Times)

Acquired from the Miami Marlins before the start of last season, Vesia became the Dodgers’ best left-hander, using a deceptive fastball-slider combination to post the Dodgers’ best strikeout rate in the bullpen.

Like Phillips, there are times when he could be more valuable earlier in games, when a left-on-left game would make the most sense.

Still, the feisty 26-year-old certainly has the type of energetic demeanor that could translate to ninth-inning success.

Tommy Kahnle

2022 season: 4.70 ERA, 0.78 WHIP, 0 saves (in eight games)

Career saves: four

Having missed most of the season due to residual effects from Tommy John’s surgery, Kahnle finally returned to the Dodgers’ active roster earlier this week — this time he and the team are hoping all is well.

An eight-year veteran who was part of ALCS runs with the New York Yankees in 2017 and 2019 — including a two-run save in the 2017 playoffs — Kahnle has the kind of experience few have. others in the Dodgers bullpen can match.

Another plus: He’s got the weapons tossed to batters on either side of the plate, thanks to a nasty change that this year — albeit in a small sample — has reported a nearly 40% whiff rate and just a .056 batting average against .

Blake Treinen

2022 season: 1.80 ERA, 0.40 WHIP, 0 saves (in five games)

Career saves: 79

A former All-Star closer to the Oakland A’s, Treinen might be the most natural candidate to take over in the ninth inning for the Dodgers — if only he were healthy.

Dodgers reliever Blake Treinen is pointing skyward after retiring in the 2021 playoffs.

Dodgers reliever Blake Treinen reacts after retiring in the 2021 playoffs.

(Robert Gauthier/Los Angeles Times)

The right-hander has missed most of the season with an ailing shoulder which continues to plague him. After briefly recovering from a partially torn shoulder cap earlier this month, Treinen was sidelined again by a lingering tightness. He’s already missed a targeted return date this week and has no guarantees of being ready for the start of the playoffs.

The Dodgers haven’t given up hope that he’ll return — and are immediately rediscovering the kind of dominance that made him perhaps their best reliever in 2021 — but given his season so far, it will be something. something the team will first have to see to truly believe.

Generic options

Outside of those five arms, there are a few other names for the Dodgers to consider.

Right-hander Chris Martin was called up for a few stoppages over the past month and has excelled with the Dodgers in general since acquiring the Chicago Cubs before the trade deadline — he has a 1.71 ERA in 21 games at Los Angeles. . He also has extensive playoff experience from his time with the Atlanta Braves over the past three seasons.

Southpaw Caleb Ferguson has performed well in his return from Tommy John surgery this year with a 1.97 ERA in 33 games, although he hasn’t displayed the same level of dominance as before the surgery.

Right-hander Yency Almonte had a surprise season – 1.15 ERA in 28 games – before suffering an elbow injury in early August. He’s currently in rehab and is set to return, though it remains to be seen how quickly he’ll return to high-leverage roles upon his return.

Starting pitchers Andrew Heaney and Dustin May could present creative alternatives given the Dodgers’ starting rotation overhang and high strikeout rate this year. However, they are much more likely to be asked to pitch loose innings, either at the start of games or in the middle of innings out of the bullpen.

Finally, Kimbrel is still on the team and Roberts was careful not to outright rule out the possibility that he might have an opportunity to reclaim his spot in the ninth inning.

Still, after so much turbulence this season, it seems unlikely that, even with a flawless end to the regular season, Kimbrel will be able to regain enough stock to be given playoff backup opportunities.

Ninepoint Partners Announces September 2022 Cash Distributions for ETF Series Securities https://www.localcollectorspost.org/ninepoint-partners-announces-september-2022-cash-distributions-for-etf-series-securities/ Thu, 22 Sep 2022 19:12:10 +0000 https://www.localcollectorspost.org/ninepoint-partners-announces-september-2022-cash-distributions-for-etf-series-securities/

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TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the September 2022 cash distributions for its ETF Series securities. The record date for distributions is September 29, 2022 for Ninepoint High Interest Savings Fund and October 3, 2022 for Ninepoint Diversified Bond Fund, Ninepoint Alternative Credit Opportunities Fund, Income Fund Ninepoint Energy and Ninepoint Target Income Fund. All distributions are payable on October 11, 2022.

The September distributions per unit are detailed below:

About Ninepoint Partners

Toronto-based Ninepoint Partners LP is one of Canada’s leading alternative investment management firms, overseeing approximately $8 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that can enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies, including alternative income and real assets, in addition to northern equities. -American and global.

For more information about Ninepoint Partners LP, please visit www.ninepoint.com or contact us at (416) 943-6707 or (866) 299-9906 or [email protected].

Ninepoint Partners LP is the investment manager of the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if applicable) and other expenses all may be associated with an investment in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or any other jurisdiction in which such offer or solicitation is not authorized or to anyone to whom it is unlawful to make such an offer or solicitation. offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be legally sold in their jurisdiction.

Please note that the distribution factors (allocation between income, capital gains and return of capital) can only be calculated at the end of a fund’s year. Distribution information should not be used for income tax reporting purposes, as it is only one component of the total distributions for the year. For exact distribution amounts for tax filing purposes, please refer to the appropriate T3/T5 slips for that particular tax year. Please refer to each Fund’s prospectus or offering memorandum for details of the Fund’s distribution policy.

The payment of distributions and the breakdown of distributions, if any, are not guaranteed and may fluctuate. The payment of distributions should not be confused with the yield, rate of return or yield of a Fund. If the distributions paid by the Fund exceed the return of the Fund, an investor’s initial investment will decrease. Distributions paid on account of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any return of capital. If an investor’s adjusted cost base falls below zero, capital gains tax will be payable on the amount below zero.

Sales inquiries:

Ninepoint Partners LPNeil Ross416-945-6227[email protected]

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Source: Ninepoint Partners LP

Listed companies offer real asset opportunities in a rising interest rate market https://www.localcollectorspost.org/listed-companies-offer-real-asset-opportunities-in-a-rising-interest-rate-market/ Wed, 21 Sep 2022 00:53:23 +0000 https://www.localcollectorspost.org/listed-companies-offer-real-asset-opportunities-in-a-rising-interest-rate-market/

David Di Pilla (left), Scott Tully and Graeme Mather

Real assets embedded in listed companies provide opportunities for alternative asset managers looking to take advantage of the dislocation and volatility of listed markets.

Group Managing Director and Chief Executive David Di Pilla said investors could take advantage of mispricings in the market with listed companies such as Crown Resorts, Ramsay Healthcare and Sigma Healthcare which had real assets, including including real estate and infrastructure, integrated.

“We seek to take advantage of the dislocation and volatility in listed markets to access real assets at attractive valuations. By taking high-conviction strategic stakes in listed entities, we can access real asset opportunities that we believe could outperform over the long term,’ Di Pilla told Investment magazine‘s Absolute Returns Conference in Sydney earlier in September.

Di Pilla said most infrastructure companies had “largely disappeared” from the ASX and were now sitting in portfolios of industrial super funds that “probably never got out”.

There was also “not much” left in government balance sheets. “There is a shortage of assets and too much money for a limited opportunity set,” he said.

“As institutional capital flows continue to grow, we need to think broader and more creatively about matching capital with the opportunities embedded within listed companies and conglomerates that can provide uncorrelated returns.”

Real asset opportunities

HMC Capital recently acquired a 15% stake in Sigma Healthcare, which it sees as a strategic investment in an “asset-rich” company with attractive growth potential.

“It operates in an industry that has real barriers to entry. There are only three federally regulated national players, so the barriers to entry are high,” Di Pilla said.

“Second, it operates critical infrastructure through a nationwide network of distribution facilities. Think community pharmacy…which is to be delivered as part of the CSO [community service obligation] within 24 hours refrigerated safely at their doorstep.

HMC Capital began buying Sigma at 49 cents per share and took comfort in the fact that Sigma had 42 cents per share of asset backing following a $450 million equity investment in its distribution network.

“We’re creating asymmetric upside risk because if you have 42 cents in assets and you buy at 49 cents, the downside is limited, but if we get the thesis right, the upside can be quite significant.”

“We have now grown 30% in just over three months on our investment,” Di Pilla said.

Di Pilla targets investment opportunities that are not correlated to the broader markets with a backing to real assets and without much goodwill on the balance sheet.

“We look for assets with infrastructure like features that offer real pricing power and barriers to entry. Additionally, we seek companies with attractive reinvestment opportunities and exposure to attractive structural tailwinds. »

In addition to this, emphasis was placed on management and ‘enforceability’. “Can we work with management? Do we consider them to be economically rational in their decision-making? “, did he declare.

“Getting a level of influence is key for that, but working constructively to unlock that value is key. Obviously, you can’t invest around bad decisions and bad portfolio allocations.”

Speaking from Singapore at the conference, Di Pilla said Australian property assets were attracting investors from across Asia. “It’s time for Australia to shine with great interest from pan-Asian investors in the country,” he said.

Non-traditional assets

Former Colonial First State Investments managing director Scott Tully, who left his post last month, said real assets are about what isn’t part of a traditional portfolio of stocks, bonds and cash.

“Investing in companies provides exposure to economic growth. Bonds are about putting your money aside for a while, and cash is a risk-free asset,” he said.

“What are you missing? You’re not exposed to some of the drivers of the economy – the land, the buildings where we work and shop, and then you have the social structures that drive the economy – roads, airports, etc.

“Real assets are about making sure you’re invested in the broader economy and exposed to all of those elements.”

Real assets are things that aren’t stocks, bonds, or cash.

He said the definition of real assets was “in the eye of the beholder”, but one of the biggest challenges now was the mix between discount rates and inflation rates, their interaction and their link with a wallet.

“A regulated asset gives you a return profile, and in terms of the current scenario that investors are facing, what does your return profile look like if inflation is higher and economic growth is potentially lower,” Tully asked. .

“Is it protective of returns? You might have a stream of returns that increases with inflation or is the discount rate applied to those assets going to compensate for that? »

Is the recent stock performance of Cactus, Inc. (NYSE:WHD) influenced in any way by its financials? https://www.localcollectorspost.org/is-the-recent-stock-performance-of-cactus-inc-nysewhd-influenced-in-any-way-by-its-financials/ Mon, 19 Sep 2022 10:51:18 +0000 https://www.localcollectorspost.org/is-the-recent-stock-performance-of-cactus-inc-nysewhd-influenced-in-any-way-by-its-financials/

Most readers already know that Cactus (NYSE:WHD) stock is up 6.4% over the past three months. We wonder if and what role company finances play in this price change, as a company’s long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on the ROE of Cactus.

Return on equity or ROE is a key metric used to gauge how effectively a company’s management is using the company’s capital. In simple terms, it is used to assess the profitability of a company in relation to its equity.

Check out our latest review for Cactus

How do you calculate return on equity?

Return on equity can be calculated using the formula:

Return on equity = Net income (from continuing operations) ÷ Equity

So, based on the formula above, the ROE for Cactus is:

16% = $100 million ÷ $644 million (based on trailing 12 months to June 2022).

The “yield” is the amount earned after tax over the last twelve months. This therefore means that for each dollar of investment by its shareholder, the company generates a profit of $0.16.

What does ROE have to do with earnings growth?

So far, we have learned that ROE measures how efficiently a company generates its profits. Depending on how much of those earnings the company reinvests or “keeps”, and how efficiently it does so, we are then able to assess a company’s earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and better earnings retention are generally the ones with a higher growth rate compared to companies that don’t. same characteristics.

Cactus earnings growth and ROE of 16%

For starters, Cactus seems to have a respectable ROE. Additionally, the company’s ROE compares quite favorably to the industry average of 8.2%. Despite this, Cactus’ five-year net income growth has been fairly steady over the past five years. We believe there could be other factors at play here that limit the growth of the business. For example, the company may have a high payout ratio or the company may have misallocated capital, for example.

Next, we compared Cactus’ performance to that of the industry and found that the industry had reduced its profits by 4.6% over the same period, suggesting that the company’s profits had declined. at a slower pace than its industry. This offers shareholders some relief.

NYSE:WHD Past Earnings Growth September 19, 2022

Earnings growth is an important metric to consider when evaluating a stock. It is important for an investor to know whether the market has priced in the expected growth (or decline) in the company’s earnings. This will help them determine if the future of the title looks bright or ominous. If you’re wondering about Cactus’ valuation, check out this indicator of its price-earnings ratio, relative to its sector.

Does Cactus effectively reinvest its profits?

Despite a moderate three-year median payout ratio of 40% (meaning the company retains 60% of earnings) over the past three years, Cactus’ earnings growth has been more or less steady. So there could be another explanation for this. For example, the company’s business may deteriorate.

Additionally, Cactus has paid dividends over a three-year period, suggesting that maintaining dividend payments is far more important to management, even if it comes at the expense of company growth. After reviewing the latest analyst consensus data, we found that the company’s future payout ratio is expected to drop to 18% over the next three years. Thus, the expected decline in Cactus’ payout ratio explains the anticipated increase in the company’s future ROE to 24%, over the same period.


All in all, it seems that Cactus has positive aspects in its activity. Still, the weak earnings growth is a bit of a concern, especially since the company has a high rate of return and reinvests a huge portion of its earnings. At first glance, there could be other factors, which do not necessarily control the business, that are preventing growth. That said, we have studied the latest analyst forecasts and found that although the company has decreased earnings in the past, analysts expect earnings to increase in the future. For more on the company’s future earnings growth forecast, check out this free analyst forecast report for the company to learn more.

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

Valuation is complex, but we help make it simple.

Find out if Cactus is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

‘The Woman King’ tops with $7 million on Friday https://www.localcollectorspost.org/the-woman-king-tops-with-7-million-on-friday/ Sat, 17 Sep 2022 15:10:12 +0000 https://www.localcollectorspost.org/the-woman-king-tops-with-7-million-on-friday/

In what could mark the end of a theatrical crisis caused by the distributor, Sony and Entertainment Ones The female king topped the box office on Friday with a decent opening day of $6.85 million. That includes $1.7 million via Thursday previews and appears to be setting the stage for an $18 million debut. Yes, it’s important enough to keep me from yelling at you on Sunday and Monday for not showing up for what you say you want to see. It’s also on par with Sony’s $17 million launch. Where the Crawdads sing in July. This melodrama starring Daisy Edgar Jones was the first major film for/of/about women since The lost city and Everything, everywhere, all at once end of March. Now, the Viola Davis/Lashana Lynch/John Boyega action drama is the first such film since July. Hmm…

The female king features Viola Davis, Lashana Lynch, Thuso Mbedu and John Boyega in a (somewhat true) story of the Agojie, an all-female guard protecting the king and otherwise defending the West African kingdom of Dahomey in the 18th and 19th centuries. The film received mostly positive reviews, with a current rating of 94% Fresh and 7.7/10 on Rotten Tomatoes. It also got an A+ from Cinemascore, which means you can ignore the #boycottTheWomanKing ‘controversy’ just on Twitter over the film’s historical accuracy since (fun fact) much of the ‘problematic’ material is a much of the film’s moral conflicts. Again, this nonsense is no more genuine or indicative of general public sentiment than the sexism/racism-driven “controversies” on Hunger Games, Star Wars: The Force Awakens, Wonder Woman, Harriet, Captain Marvel, The Rings of Power Where The little Mermaid.

The Gina Prince-Bythewood-directed film, written by Dana Stevens from a story by Stevens and Maria Bello, premiered at the Toronto Film Festival last week to strong reviews and under-the-radar buzz among filmmakers. Oscars. It may not be explicitly positioned as an Oscar movie (it’s a business-oriented action movie first), but a strong opening might put it in the game. The hope is that the 50 million dollar movie comes out like crawdads = crawfish to a domestic total over/under $85 million, with at least some overseas aid to make up the difference in rate of return. Still, that’s precisely the kind of non-franchise, star-driven “movie-movie” that Sony now has the freedom/cushion to do thanks to the lucrative first-window pay-TV deal they signed with Netflix.
Last year. And with Crawdads, bullet train and Woman Kingthey seem to be on a relative streak.

The female king will fend off competition from Olivia Wilde don’t worry darling next weekend. After which both “not a white guy” movies will have the ground to themselves, especially outside of horror movies like Halloween ends (and the reissue of Avatar), until black adam and Tickets to Paradise October 21. I can only hope that the audience rightly clamoring for more franchise-free, inclusive, star-focused, adult-oriented theatrical fare shows up in the next month. The extent to which they haven’t in the last 15 years, at least going back to Drew Barry’s terrific moviemore Whip it 13 years ago (see also: A Shortcut in Time, Widows, Overlord, The Spy Who Dumped Me…just in 2018), slowly became my villain origin story.

A24 opened Ti West’s pearl yesterday. The low-budget “secret” prequel to X opened with $1.317 million on Friday, which appears to be setting the stage for a $3.5 million opening weekend. That’s tied with the $4.275 million debut for X last March, which follows because it’s a sequel and many moviegoers might have decided that a horror adventure with the murderous protagonist of Mia Goth was enough. The well-reviewed and well-received prequel (a B- from Cinemascore, which may be a record for an A24 horror movie) was shot right after X in the midst of the Covid pandemic, so A24 got two (make three with MaXXXine on the way) for the metaphorical price of one. My wife wants to see this one so I’ll join later this weekend or early next week when she can go with me.

Open projector images See how they work to the expected results on a small scale. The charming but light-hearted 1950s whodunit, with behind-the-scenes murder amidst the cast and crew of an Agatha Christie adaptation, stars Sam Rockwell and deliciously mismatched Saoirse Ronan in the role of detectives and others like Adrian Brody, Ruth Wilson and David Oyelowo. as potential victims and suspects. With a low profile and little buzz, the twisty little film grossed $1.086 million yesterday for a likely opening weekend of $2.92 million. Alas. Meanwhile, Brett Morgen’s buzzy David Bowie documentary Lunar Reverie opened in 170 theaters, many of them IMAX or PLF, for a half-decent per-theater average. The NEON release grossed $580,000 on Friday for a likely weekend gross of $1.12 million and an average of $6,588 per theater. I’ll see it in IMAX when the weather permits next week.

by Kevin Smith Clerk III opened this week in nightly theatrical screenings sponsored by Fathom Event. The decently rated trio (66% fresh and 6.2/10 on Rotten Tomatoes) grossed around $180,000 on Friday for a likely $450,000 opening weekend and a lousy average of $563 per venue. However, the movie will have grossed $1.994 million since Tuesday. Thandiwe Newton God’s country opened with $96,000 on Friday for a likely opening weekend of $262,000 at 785 theaters. IFC put this supposedly pretty good rural thriller in a semi-wide release as frankly a glorified mitzvah. Likewise, Paramount
opened Jon Hamm’s Confess, Fletch in 516 theaters for a likely $479,000 opening weekend with a simultaneous EST/PVOD release. Although well commented, it is surprising that a new Fletch movie, which we’ve all read as “about to happen” for 25 years, has now come out almost under cover of obscurity.

]]> Boosting Currency Inflows Needs Time – Editorials https://www.localcollectorspost.org/boosting-currency-inflows-needs-time-editorials/ Fri, 16 Sep 2022 01:05:55 +0000 https://www.localcollectorspost.org/boosting-currency-inflows-needs-time-editorials/

EDITORIAL: Remittances to homes increased slightly from the previous month to reach $2.7 billion in August 2022. However, in the first two months of the current fiscal year, there was a slight decline compared to the same period last year.

The growth of remittances, for various reasons, has limited potential this year, while the need for foreign exchange inflows has never been more crucial than today. The currency is almost in free fall and all energies are spent on reducing imports through a combination of political and administrative measures which can have adverse consequences for the economy as a whole.

The need is to focus on how to extract more juice in terms of influx. Exports, Remittances to Home, Roshan Digital Accounts (RDA), and Foreign Direct Investments (FDI) are four important channels to rely on.

Exports cannot provide the required quantum of growth in the short term. In order to attract FDI, macroeconomic stability and political stability are imperative – both are unfortunately lacking at the moment.

Therefore, the immediate focus should be on improving flows from home remittances and ARD. Over the past decade and beyond, remittances have remained the lifeline of the economy.

After the launch of the Pakistan Remittances Initiative (PRI) in 2009, official inflows increased from $7.8 billion in FY09 to $31.2 billion in FY22, while exports remained largely stagnant before growing over the past two years. The main reason for the higher growth in remittances is the increase in the number of workers going abroad. Unfortunately, however, that number has been dropping lately.

The other initiative is from PRI through which the government pays 20 riyals (previously it was 25 riyals) for a ticker over $100. The idea is that the exchange companies charge no fees to the sender while the 20 riyals are split between the receiving bank in Pakistan and the issuing exchange company with the lion’s share (17-18 riyals) going to the exchange company and this is to compensate them for not charging a fee.

The PRI is well recognized globally and has been instrumental in moving hundi, hawala and other informal transactions into formal banking channels. The proof is in the pudding. The significant upward movement in remittances since the launch of the PRI testifies to its success.

However, lately there have been problems in the payment mechanism. Usually, payments are made to banks and through banks to exchange companies in 2-3 months.

The system worked well. But since December 2021, the Ministry of Finance has not made any payments (routed through the SBP) to the banks. Ironically, circular debt has also started to accumulate in PRI! A major bank’s outstanding balance is currently Rs 1.4 billion.

The total outstanding amount is estimated at Rs 15-18 billion. Exchange companies haven’t received their dues for 10 months. Now they are restless. They are of the opinion that if the problem is not fixed, they will start charging the sender a fee. And it may entice the sender to return to informal channels. Already, the widening gap between the PKR and the USD in the open market versus the interbank market is discouraging official flows.

The government must resolve the matter as soon as possible. The State Bank of Pakistan (SBP) is powerless while the Ministry of Finance appears in disarray. The banks are frustrated, and the exchange companies are no less unhappy. All of these factors could lead to slower remittances at a time when every dollar counts.

Already, the sharp depreciation of the PKR reduces the size of the remittances ticker, as the need to send money in foreign currency is less for the same amount in Pak Rupee. According to data from a major bank, over the past two years the average ticker size has increased from $600 to $520. So far, the number is even lower in September 2022.

The sharp depreciation of the Pak Rupee caused the ticker size to shrink to $423 in the first 13 days of the current month – an alarming development, indeed. This implies that the inflow of remittances could be weaker this month. Under such circumstances, if exchange companies start charging fees to senders, flows from formal channels will further tighten.

It was about the fate of remittances. The other channel the SBP should focus on is RDA. It was a brilliant move that the SBP took under the leadership of the then Governor, Dr. Reza Baqir. Gross admissions topped $5 billion in the 25th month since launch. Of this amount, outflows amount to nearly $1 billion, bringing the country $4 billion.

This needs to be exploited and developed further. About two-thirds of RDA entries are in Naya Pakistan Certificate (NPC). The share of NPCs in the total amount of RDAs has decreased slightly from its peak.

One of the reasons could be the higher yields of fixed income instruments in the issuing country. Interest rates in developed countries are on the rise while the rate of return on the RDA has remained unchanged since its inception.

SBP should review the rates of return and revise them if necessary. However, the vibrations coming from SBP suggest that the rates for the dollar (and other foreign currencies) are lucrative enough and should not be changed. The central bank is in the process of revising the Pak Rupee bond rates upwards.

If SBP thinks the dollar rate of return is good, then it should take other steps to improve flows. A year ago, SBP was pushing product marketing hard even though banks had been lazy at first. But they too have realized that it is profitable for them to market the product. Lately the push (both from banks and SBP) is slowing down and the pace of inflows is not increasing fast enough.

Nine million expatriates are the lifeline in times of extreme stress on external accounts. In the current circumstances, it is incomprehensible that the country’s fiscal and monetary authorities have reduced the effort to make the flow of remittances more accessible. As of August 2022, the number of RDA accounts stood at 456,732.

There is still plenty of room for growth. Then, inflows from existing account holders should increase. SBP should come up with innovative ideas for people to replace mature NPCs. The bottom line is that there are risks on the growth of remittances and RDA flows.

The SBP and the Ministry of Finance should partner and work to improve the flow of incoming dollars. Moreover, FDI incentives need to increase, because for a developing economy, like Pakistan, a marginal trade deficit is acceptable, as long as it is offset by other non-debt related flows.

Copyright Business Recorder, 2022

Shares of Twintek Investment Holdings Limited (HKG:6182) are up, but the financial data looks ambiguous: will the momentum continue? https://www.localcollectorspost.org/shares-of-twintek-investment-holdings-limited-hkg6182-are-up-but-the-financial-data-looks-ambiguous-will-the-momentum-continue/ Wed, 14 Sep 2022 01:45:05 +0000 https://www.localcollectorspost.org/shares-of-twintek-investment-holdings-limited-hkg6182-are-up-but-the-financial-data-looks-ambiguous-will-the-momentum-continue/

Most readers will already know that shares of Twintek Investment Holdings (HKG:6182) are up a significant 11% over the past week. However, we decided to pay attention to the fundamentals of the company which do not seem to give a clear indication of the financial health of the company. In this article, we have decided to focus on the ROE of Twintek Investment Holdings.

Return on equity or ROE is a key metric used to gauge how effectively a company’s management is using the company’s capital. In short, ROE shows the profit that each dollar generates in relation to the investments of its shareholders.

See our latest analysis for Twintek Investment Holdings

How is ROE calculated?

The return on equity formula is:

Return on equity = Net income (from continuing operations) ÷ Equity

So, based on the above formula, the ROE for Twintek Investment Holdings is:

8.8% = HK$14 million ÷ HK$156 million (based on trailing 12 months to March 2022).

“Yield” refers to a company’s earnings over the past year. Another way to think about this is that for every HK$1 of equity, the company was able to make a profit of HK$0.09.

What does ROE have to do with earnings growth?

So far, we have learned that ROE measures how efficiently a company generates its profits. We now need to assess how much profit the company is reinvesting or “retaining” for future growth, which then gives us an idea of ​​the company’s growth potential. Assuming all else is equal, companies that have both a higher return on equity and better earnings retention are generally the ones with a higher growth rate compared to companies that don’t. same characteristics.

Twintek Investment Holdings earnings growth and ROE of 8.8%

At first glance, the ROE of Twintek Investment Holdings is not much to tell. Although further investigation shows that the company’s ROE is above the industry average of 6.8%, which we certainly cannot ignore. However, Twintek Investment Holdings’ five-year net income decline rate was 12%. Keep in mind that the company has a slightly low ROE. It’s just that the industry’s ROE is lower. Therefore, this partly explains the drop in income.

Moreover, even when compared to the industry, which cut profits at a rate of 1.6% over the same period, we found that the performance of Twintek Investment Holdings is quite disappointing, as it suggests that the company cut profits at a faster rate than the industry.

SEHK: 6182 Past Earnings Growth September 14, 2022

The basis for attaching value to a company is, to a large extent, linked to the growth of its profits. It is important for an investor to know whether the market has priced in the expected growth (or decline) in the company’s earnings. This then helps them determine if the stock is positioned for a bright or bleak future. If you’re wondering about the valuation of Twintek Investment Holdings, check out this indicator of its price/earnings ratio, relative to its sector.

Does Twintek Investment Holdings use its profits efficiently?

Twintek Investment Holdings’ earnings decline is not surprising given that the company spends the bulk of its earnings on paying dividends, judging by its three-year median payout ratio of 87% (or a 13% retention). The company has only a small pool of capital left to reinvest – A vicious cycle that does not benefit the company in the long term. To learn about the 4 risks we have identified for Twintek Investment Holdings, visit our risk dashboard for free.

Additionally, Twintek Investment Holdings only recently started paying a dividend. So it seems that management perceived that shareholders favored dividends even though profits were down.


Overall, we have mixed feelings about Twintek Investment Holdings. On the one hand, the company has a decent rate of return, however, its earnings growth figure is quite disappointing and, as mentioned earlier, low retained earnings are hampering growth. So far, we have only had a brief discussion of corporate earnings growth. To better understand Twintek Investment Holdings’ past earnings growth, check out this visualization of past earnings, revenue, and cash flow.

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

Valuation is complex, but we help make it simple.

Find out if Twintek Investment Holdings is potentially overvalued or undervalued by viewing our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

UConn Continues to Post Strong Results in Annual US News Rankings https://www.localcollectorspost.org/uconn-continues-to-post-strong-results-in-annual-us-news-rankings/ Mon, 12 Sep 2022 11:18:22 +0000 https://www.localcollectorspost.org/uconn-continues-to-post-strong-results-in-annual-us-news-rankings/

UConn holds a solid No. 26 spot among public institutions in this year’s U.S. News and World Report rankings, demonstrating its continued excellence even as the nationwide higher education landscape has reached extremely competitive levels. .

The rankings released on Monday include strong performance in UConn’s high-priority imperatives assessing student success, including its outstanding student retention rate after first year and its consistently strong six-year graduation rates.

In another key area, UConn graduate debt continues to decline, both in terms of amounts owed and the percentage of students leaving with loans to repay. This underscores UConn’s commitment to providing strong financial aid to qualified students and to striving for economic inclusiveness.

“No ranking fully reflects an institution, but it is a metric that prospective students and families consider when considering their options. Our standing this year is very respectable and UConn remains among the top public universities in the country,” said Radenka Maric, Acting President of UConn.

“That said, we are not satisfied and strongly believe that we must continually make the necessary investments and strategic choices to ensure we rise in the rankings in the years to come,” she said.

UConn’s strong performance in this year’s US News rankings comes despite demographic shifts that have shrunk the country’s high school graduate pools, intensifying competition among institutions; the evolution of state aid and other financial indicators; and other factors, including the lingering effects of the COVID-19 pandemic.

Despite these challenges, UConn has attracted an unprecedented pool of more than 43,000 applicants for the Class of 2026. It welcomed a record 4,075 freshmen starting the academic year at Storrs last month – including more than 27 % are the first generation in their families to go to university – and another 1,750 enrolled in regional campuses.

And while US News doesn’t measure enrollment trends among first-generation students, UConn’s successes in this area and others show that a holistic view is needed to fully measure UConn or any institution beyond. of any single filing system.

“A truly excellent university offers its students the opportunity to discover and pursue their purpose, and to support that exploration with a life-transforming education,” says Maric. “Rankings can help us gauge the quality and breadth of our offerings, but the true measure of success is that our students enter the world ready to live the life they envision for themselves.”

UConn’s ranking has steadily improved since 2000, when it was No. 38 among public institutions, and it has spent the past 10 years in the top 25. It is tied for the No. No. 26 this year with Texas A&M University and UMass-Amherst.

Although UConn’s ranking fell just short of the top 25 this year, it wasn’t due to a drop in performance or a noticeable drop. In fact, UConn scores have remained consistently high in most areas, especially key indicators of student achievement.

On the contrary, several other universities have stepped up their game in recent years and performed better than expected in some areas. These advances, combined with changes in some ranking metrics, have resulted in some institutions knocking others out of the top 25 and some, like UConn, being pushed out.

Although schools struggle to position themselves this way every year, those with better graduation rates than expected by US News have the advantage of being seen as “pushing their weight” and can make noticeable gains in a matter of minutes. years only.

In fact, UConn benefited from this perception as it grew from the 30s to the 20s over the years and settled into its current status in the pantheon of high achievers.

However, as these emerging schools become the direct competitors of UConn, the University will need innovation, flexibility and investment to help it grow from its excellent but stable status to that of a dynamic climber. , according to university officials.

“UConn continues to provide an excellent academic experience that serves our residents and our state well, delivering the best results with the resources available to us,” said Lloyd Blanchard, UConn’s interim executive vice president for administration and financial director.

“We operate in a highly competitive national market, however, and any notable gains made by our competitors will affect UConn’s rankings if we stand still,” he says, noting that if US News and other rankings don’t are not the primary measure of any institution, they do play a role in families’ perceptions of the schools their children might consider attending.

The US News Ranking is one of many tools UConn uses to examine areas for improvement, all of which will help UConn’s next permanent president and his leadership as they engage in new strategic planning to bring the university at the higher level.

This decision-making will also be informed by data from several other internal and independent external research sources, including some recent studies in which the University has stood out for its economic inclusiveness and the return on investment of students in an education. UConn.

Georgetown University’s Center on Education and Workforce, which analyzed more than 4,500 institutions across the United States, recently found that a UConn education provides more than 1.52 million dollars in return on investment over a 40-year professional career.

Meanwhile, a recent study by research organization Third Way places UConn in the top tier of schools offering strong economic mobility for students with fiscal constraints.

This level includes the top 20% of institutions that enroll relatively large percentages of low- and middle-income students, as measured by federal Pell Aid eligibility; and whether they provide an education that prepares these students to move up the economic ladder.

UConn is also number one in the nation in the time it takes students to graduate: an average of 4.1 years, a spot shared with four other public research universities nationwide, according to the UConn Retention Task Force. & Graduation of the most recent analysis.

These factors all play into attempts to limit graduate debt, an extent that UConn also scores well in the US News analysis: average debt has fallen by more than $1,800 in the past two years, and went from 56% of alumni with loans to repay. up to 52%.

According to the latest US News rankings, UConn also continues to show strong and consistent performance in several areas:

• First-year student retention is 93%, one of the highest in the country. It has moved between 93% and 94% in recent years, remaining well above the national average of 82% for public four-year universities.

• A consistent 84% of UConn students complete their undergraduate degree in six years or less, which is significantly higher than the national average of 63% among public institutions.

• UConn’s peer institutions also continue to hold positive and stable views of its academic reputation, as indicated in survey responses from presidents, provosts, and admissions officers. US News officials say reputation is important in helping to capture advances that aren’t easily quantified otherwise, such as institutional innovation and a range of other areas.

Another US News ranking measure, the percentage of living alumni who donate to their institutions, accounts for 3% of the total. In the case of UConn, a two-year average of about 7% of living alumni with bachelor’s degrees donated to the University in the reporting period, similar to last year.

Many peer institutions have modest numbers in this category, reflecting generational shifts in how alumni choose to support and engage with their universities.

However, the UConn Foundation recently announced its third straight record year; More than 21,000 donors gave $115 million in new gifts and pledges in FY21, up from the previous record high of $93.3 million the year before.

UConn was one of 227 national public institutions that were part of this year’s US News & World Report survey. Overall, the ranking included 440 public and private institutions, in which UConn shared the No. 67 ranking with four other institutions.

White Sox manager Tony La Russa remains out indefinitely with an unspecified medical issue https://www.localcollectorspost.org/white-sox-manager-tony-la-russa-remains-out-indefinitely-with-an-unspecified-medical-issue/ Sat, 10 Sep 2022 18:28:14 +0000 https://www.localcollectorspost.org/white-sox-manager-tony-la-russa-remains-out-indefinitely-with-an-unspecified-medical-issue/
Tony La Russa
Getty Images

Chicago White Sox manager Tony La Russa will stay away from the club indefinitely while dealing with an unspecified medical issue, the team announced on Saturday. La Russa was, however, allowed to travel to Oakland to participate in Dave Stewart’s jersey retirement ceremony on Sunday.

Bench coach Miguel Cairo has served as caretaker manager during La Russa’s absence and the White Sox are on the rise, winning eight of 11 games under Cairo. Chicago enters Saturday with a 71-68 record. They are 1.5 games behind the Cleveland Guardians in the AL Central, the closest to first place since Aug. 16.

La Russa has come under fire for Chicago’s generally disappointing season, though there’s been no indication that a managerial change is on the horizon. White Sox owner Jerry Reinsdorf brought La Russa back to the organization before last season and essentially picked him for the job.

La Russa, 77, is 164-137 (.545) in his second stint as White Sox manager. He also managed the club from 1979 to 1986 before joining the Oakland Athletics (1986-95) and the St. Louis Cardinals (1996-2011). La Russa won the 1989 World Series with the A’s and coached Stewart during his period of dominance from 1987 to 1990.

Insight Select Income Fund Declares Quarterly Dividend | New https://www.localcollectorspost.org/insight-select-income-fund-declares-quarterly-dividend-new/ Thu, 08 Sep 2022 22:41:57 +0000 https://www.localcollectorspost.org/insight-select-income-fund-declares-quarterly-dividend-new/


Declaration of dividend

Insight Select Income Fund (INSI) (the “Fund”) today declared a quarterly dividend of $0.18 on September 8, 2022. The total distribution of $0.18 will be payable on October 12, 2022 to shareholders of record at the close of business. on September 30, 2022, with an ex-dividend date of September 29, 2022.

The Fund’s last four quarterly dividend payments from ordinary income equal approximately $0.74 per share.

The Fund is a diversified closed-end investment company whose investment objective is to seek a high rate of return, primarily from interest income and trading activities, from a portfolio consisting primarily of debt securities. The Fund will also seek capital appreciation primarily by purchasing debt securities at prices which the Adviser believes are below their intrinsic value. The Fund will also seek to take advantage of traded securities to maximize the Fund’s risk-adjusted returns. Insight North America LLC, the Fund’s investment advisor, provides fixed income asset management services to a variety of institutional clients, including corporations, government entities, employee benefit plans, private funds and trust companies. recorded placement.

This press release is not for tax reporting purposes, but is provided to announce the amount of the Fund’s distribution that has been declared by the Board of Directors. A portion of the Fund’s current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution of a Fund’s income or gains. As required by the Investment Company Act of 1940, as amended, a notice setting out the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. The notice should not be used to prepare income tax returns, as the estimates given in the notice may differ from the ultimate federal tax characterization of the distributions. After the end of each calendar year, investors will receive a Form 1099-DIV advising them how to report distributions received in that year for federal income tax purposes.

Statements contained in this press release that are not historical facts are forward-looking statements as defined by United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the control of the Fund and could cause results actuals differ materially from those set forth in the forward-looking statements. statements.

An investor should carefully consider a Sub-Fund’s investment objectives, risks, charges and expenses before investing.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220908006139/en/

CONTACT: Invested

Eric Hazard





SOURCE: Insight Select Income Fund

Copyright BusinessWire 2022.

PUBLISHED: 08/09/2022 18:40/DISC: 08/09/2022 18:41


Copyright BusinessWire 2022.