Rate of Return – Local Collectors Post http://www.localcollectorspost.org/ Sat, 22 Jan 2022 02:54:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 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 Razorbacks Handle Omaha, Sweep Doubleheader https://www.localcollectorspost.org/razorbacks-handle-omaha-sweep-doubleheader/ Sat, 22 Jan 2022 02:23:42 +0000 https://www.localcollectorspost.org/razorbacks-handle-omaha-sweep-doubleheader/

FAYETTEVILLE, Ark. – The Arkansas Razorbacks (3-0) met the Omaha Mavericks (0-2) on the court Friday and completed a full doubleheader sweep, winning all 14 points and dropping just four sets en route to a dominant second win of the season. The Hogs won a few close games late to win the sweep, winning both games, 7-0.

In a game scheduled for January 12, the original season opener for both teams was pushed back nine days after COVID-19 issues within the Maverick program. Arkansas, coming off a season-opening win over Oklahoma State on Monday, was solid early on, dropping just one set in the first nine games.

Freshman Jake Sweeney thrived in his first action as a Razorback, going 2-0 in doubles alongside partner Hunter Harrison and easing his singles match, 6-1, 6-0. Sweeney sprayed a comeback down the aisle to clinch her second doubles match of the day and lose doubles for the day.

“I thought Omaha had a really strong, electric team,” Sweeney said, “but we all came in with a lot of respect for them and got the job done. For me personally, it was a great experience to play my all first college game, and I’m looking forward to the end of the season.

Omaha played the Razorbacks tighter in the doubles rematch, forcing three singles matches in the third sets, but Arkansas fought back late in the afternoon to retire those matches.

“It was a good, long, hard day for us,” said head coach Andy Jackson. “We got a lot out of it with the quality of Omaha and the effort we played with. We can’t wait to do it again on Sunday and then get to the Indoor National Round of 64 next week.”

Arkansas has a short deadline following the rescheduled game and will play in another doubleheader, this one against Illinois State, in Fayetteville on Sunday. The first service is scheduled for 1 p.m. CT.

Results

Game 1

Singles competition

  1. Alex Reco (ARK) defeats. Matt Hulme (OMAHA) 6-1, 7-6 (7-4)
  2. Nico Rousset (ARK) defeated. Davis Lawley (OMAHA) 6-1, 6-0
  3. Aleksa Bucan (ARK) defeats. Hugo Piles Ballester (OMAHA) 6-2, 6-4
  4. Adrien Burdet (ARK) defeated. Victor Sklenka (OMAHA) 6-2, 4-6, 1-0 (10-3)
  5. Melvin Manuel (ARK) defeated. Todd Chen (OMAHA) 6-1, 6-4
  6. Jacob Sweeney (ARK) defeated. Mikhail Korkunov (OMAHA) 6-1, 6-0

Doubles competition

  1. Alex Reco/Nico Rousset (ARK) def. Matt Hulme/Mikhail Korkunov (OMAHA) 6-4
  2. Adrien Burdet/Melvin Manuel (ARK) vs. Hugo Piles Ballester/Davis Lawley (OMAHA) 3-5, unfinished
  3. Jacob Sweeney/Hunter Harrison (ARK) def. Todd Chen/Victor Sklenka (OMAHA) 6-2

Game 2

Singles competition

  1. Nico Rousset (ARK) defeated. Matt Hulme (OMAHA) 6-2, 3-6, 6-2
  2. Melvin Manuel (ARK) defeated. Davis Lawley (OMAHA) 6-4, 6-2
  3. Adrien Burdet (ARK) defeated. Hugo Piles Ballester (OMAHA) 6-1, 3-6, 6-1
  4. Hunter Harrison (ARK) def. Victor Sklenka (OMAHA) 6-2, 6-4
  5. Riccardo Trione (ARK) defeats. Todd Chen (OMAHA) 6-3, 4-6, 1-0 (11-9)
  6. Avery Zavala (ARK) defeated. Alvara Quintana (OMAHA) 6-1, 6-4

Doubles competition

  1. Adrien Burdet/Melvin Manuel (ARK) def. Matt Hulme/Mikhail Korkunov (OMAHA) 6-3
  2. Jacob Sweeney/Hunter Harrison (ARK) def. Hugo Piles Ballester/Davis Lawley (OMAHA) 6-4
  3. Avery Zavala/Aleksa Bucan (ARK) vs. Todd Chen/Victor Sklenka (OMAHA) 4-5, unfinished

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Siemens Aktiengesellschaft (ETR:SIE) fundamentals look pretty solid: Could the market be wrong about the stock? https://www.localcollectorspost.org/siemens-aktiengesellschaft-etrsie-fundamentals-look-pretty-solid-could-the-market-be-wrong-about-the-stock/ Thu, 20 Jan 2022 06:33:12 +0000 https://www.localcollectorspost.org/siemens-aktiengesellschaft-etrsie-fundamentals-look-pretty-solid-could-the-market-be-wrong-about-the-stock/

With its stock down 5.2% over the past week, it’s easy to overlook Siemens (ETR:SIE). However, the company’s fundamentals look pretty decent and long-term financials are generally in line with future market price movements. In this article, we decided to focus on the ROE of Siemens.

Return on equity or ROE is an important factor for a shareholder to consider as it tells them how much of their capital is being reinvested. In other words, it is a profitability ratio that measures the rate of return on capital contributed by the company’s shareholders.

Discover our latest analysis for Siemens

How to 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 Siemens is:

11% = €5.6 billion ÷ €49 billion (based on the last twelve months until September 2021).

The “yield” is the profit of the last twelve months. Another way to think about this is that for every $1 of equity, the company was able to make a profit of $0.11.

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 its profits the company chooses to reinvest or “keep”, we are then able to assess a company’s future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and earnings retention, the higher a company’s growth rate compared to companies that don’t necessarily exhibit these characteristics.

Siemens earnings growth and ROE of 11%

At first glance, Siemens seems to have a decent ROE. Additionally, the company’s ROE compares quite favorably to the industry average of 5.9%. Needless to say, we’re quite surprised to see Siemens’ net profit down 6.4% over the past five years. We believe there could be other factors at play here that are preventing the company from growing. These include poor revenue retention or poor capital allocation.

Next, we compared Siemens’ performance to that of the industry and found that the industry reduced its profits by 11% over the same period, suggesting that the company’s profits declined to a slower pace than its industry. While it’s not particularly good, it’s not particularly bad either.

XTRA: SIE Past Earnings Growth January 20, 2022

Earnings growth is an important metric to consider when evaluating a stock. What investors then need to determine is whether the expected earnings growth, or lack thereof, is already priced into the stock price. This then helps them determine if the stock is positioned for a bright or bleak future. What is SIE worth today? The intrinsic value infographic in our free research report helps visualize whether SIE is currently being mispriced by the market.

Is Siemens using its profits efficiently?

With a high three-year median payout ratio of 68% (implying that 32% of profits are retained), most of Siemens’ profits are paid out to shareholders, which explains the company’s declining profits. With only a small portion reinvested in the business, earnings growth would obviously be weak or non-existent.

Additionally, Siemens has been paying dividends for at least a decade or more, suggesting that management must have perceived that shareholders preferred dividends to earnings growth. Our latest analyst data shows that the company’s future payout ratio is expected to drop to 47% over the next three years. The fact that the company’s ROE is expected to be 14% over the same period is explained by the drop in the payout ratio.

Summary

Overall, we think Siemens certainly has some positives to consider. However, although the company has a high ROE, its earnings growth figure is quite disappointing. This can be attributed to the fact that it only reinvests a small portion of its profits and pays out the rest as dividends. 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. To learn more about the latest analyst forecasts for the company, check out this analyst forecast visualization for the company.

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.

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The Economic Impact of Early Childhood Education in India-Dr Amit Kapoor https://www.localcollectorspost.org/the-economic-impact-of-early-childhood-education-in-india-dr-amit-kapoor/ Sun, 16 Jan 2022 18:21:26 +0000 https://www.localcollectorspost.org/the-economic-impact-of-early-childhood-education-in-india-dr-amit-kapoor/

Education is a vital engine for driving economic growth and the nation’s overall development, and within the framework of education, quality early schooling has a substantial and everlasting impact on a child’s overall development. A strong foundation will certainly transform a child into a productive and empowered citizen of the nation, adding value to human capital. The National Education Policy (NEP) 2020 target has provided access to quality early education for all and has become the beacon of the Indian education system.

As education is so important for the socio-economic progress of nations and societies, it alleviates poverty, improves health, promotes gender equality, peace and stability. It becomes all the more important to put more than enough emphasis on improving and investing in the education system.

Digging deeper into the statistics to examine the interplay between early education and economic impact, it is found that an investment in adolescent development during one year of primary education will lead to an increase in the individual’s earning potential by 7.02%, i.e., Rs.7696/-. Add to this another seven additional years of education up to Standard XII, which will impact the individual’s income up to 11565/-. An increase of Rs. 4372/- to monthly income due to continuous training up to standard XII will equate to an overall increase of Rs. 52470/- per annum. A child’s eight years of sustained education from grades 5 through 12 will not only benefit a child’s overall growth, but will also have an impact on improving the economic value of their education. The Institute of Competitiveness’ seminal report on literacy and numeracy states that early education is crucial and important as it paves the way for future earning opportunities. This income gain is taken from the period of the first period of education, that is, from the 5th year. The early years (3-18) are the most extraordinary period of growth and development in a child’s life. Research shows that good quality early learning and development (ECD) programs help reduce the risk of dropout, repetition and improve outcomes at all levels of education.

Economic investment in early childhood will also have a substantial impact on the country’s economic growth. According to the calculation of Net Present Value (NPV) which is the present value of the cash flows at the required rate of return of the project on the initial investment when an investment per child of INR 15,696 is made in literacy and numeracy (FLN), it leads to a profit of INR 598537/- for that person over a period of 20 years.

Economic investment in basic learning can have a significant impact on a country’s economic growth. Investing in every child in Basic Literacy and Numeracy (FLN) will result in an overall GDP gain of between US$4 trillion and US$12 trillion compared to India’s GDP over the next 20 years. On the other hand, it also shows that if a child misses basic literacy and numeracy training, the assessed gain of INR 598537/- will not bear fruit and will be lost. Therefore, it becomes relevant to invest in early education for an individual’s development, to ensure valuable human capital returns and to reap economic dividends.

Increased income and completion of secondary education depends on the complete infrastructure in primary schools so that the child achieves a strong FLN that will motivate him to complete secondary education. Dropout rates are mainly due to a lack of solid early education, on top of that, the direct benefits of investing in the FLN, such as improved health, gender equality, and decreased crime and child labour, will undoubtedly benefit the socio-economic growth of our societies and our nation.

The rate of return to education, which is the value of an individual’s average earnings over their lifetime with the cost of their education, and if the rate of return is positive and higher, it makes economic sense to invest in early education. This is a good return on investment that further confirms UNICEF’s statement: “Investing in early childhood development is one of the most cost-effective and powerful strategies for achieving equitable and sustainable development. sustainable.

Research further shows that good quality “early learning and child development programmers” help reduce the risk of dropout, repetition and improve outcomes at all levels of education. The importance of elementary education must therefore not be lost sight of at any cost.

In the whole field of education, the relevance of early education for the child during his first years of learning becomes most critical because it is well known that 90% of the brain of the child is developed at the age of 5, having a lifelong impact. A quality and appropriate education at the fundamental level prepares children for a better understanding of academic subjects later in life and also helps to acquire the wisdom and skills necessary to face the challenges and vagaries of life.

Knowing that the role and importance of the quality of early education cannot be overlooked, it cannot be overstated that the best minds of academics and psychologists should prepare the curriculum accordingly to equip the child adequately for future challenges.

India has the largest population of children in the world, foresight should not be lost sight of. We must capitalize on them by providing rich investments in early education, which will transform them into a huge reservoir of valuable human capital, ready to give impetus to the economic growth and overall development of their nation.

(Amit Kapoor is President of the Institute for Competitiveness and Visiting Fellow, Stanford University; Ashish Jhalani is President, International Markets, Square Panda and Raagini Sharma is Fellow, Institute for Competitiveness, India).

Warning: The views expressed in the article above are those of the authors and do not necessarily represent or reflect the views of this publishing house. Unless otherwise indicated, the author writes in a personal capacity. They are not intended and should not be taken to represent the official ideas, attitudes or policies of any agency or institution.


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Will the weakness in JK Cement Limited (NSE:JKCEMENT) shares prove temporary given the strong fundamentals? https://www.localcollectorspost.org/will-the-weakness-in-jk-cement-limited-nsejkcement-shares-prove-temporary-given-the-strong-fundamentals/ Sat, 15 Jan 2022 02:54:24 +0000 https://www.localcollectorspost.org/will-the-weakness-in-jk-cement-limited-nsejkcement-shares-prove-temporary-given-the-strong-fundamentals/

It’s hard to get excited after watching the recent performance of JK Cement (NSE:JKCEMENT), as its stock is down 1.2% over the past week. But if you pay close attention, you might realize that its strong financials could mean the stock could potentially see a long-term rise in value, as the markets generally reward companies in good financial shape. In this article, we decided to focus on the ROE of JK Cement.

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 review for JK Cement

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 above formula, the ROE for JK Cement is:

20% = ₹7.7 billion ÷ ₹39 billion (based on the last twelve months to September 2021).

The “yield” is the amount earned after tax over the last twelve months. One way to conceptualize this is that for every ₹1 of share capital it has, the company has made a profit of ₹0.20.

What is the relationship between ROE and earnings growth?

So far we have learned that ROE is a measure of a company’s profitability. Based on the share of its profits that the company chooses to reinvest or “keep”, we are then able to assess a company’s future ability to generate profits. Generally speaking, all things being equal, companies with high return on equity and earnings retention have a higher growth rate than companies that do not share these attributes.

JK Cement profit growth and 20% ROE

For starters, JK Cement’s ROE looks acceptable. Especially when compared to the industry average of 12%, the company’s ROE looks pretty impressive. Probably because of this, JK Cement has been able to see an impressive net profit growth of 30% over the past five years. We believe that there could also be other aspects that positively influence the company’s earnings growth. Such as – high revenue retention or effective management in place.

We then compared the net income growth of JK Cement with the industry and we are glad to see that the growth figure of the company is higher compared to the industry which has a growth rate of 20% in during the same period.

NSEI: JKCEMENT Past Earnings Growth January 15, 2022

Earnings growth is an important metric to consider when evaluating a stock. What investors then need to determine is whether the expected earnings growth, or lack thereof, is already priced into the stock price. By doing so, they will get an idea if the stock is headed for clear blue waters or if swampy waters are waiting. Is JK Cement correctly valued compared to other companies? These 3 assessment metrics might help you decide.

Does JK Cement effectively reinvest its profits?

JK Cement’s three-year median payout ratio to shareholders is 16%, which is quite low. This implies that the company retains 84% ​​of its profits. So it looks like JK Cement is massively reinvesting its profits to grow its business, which is reflected in its profit growth.

In addition, JK Cement is determined to continue sharing its profits with shareholders, which we infer from its long history of paying dividends for at least ten years. Based on the latest analyst estimates, we found that the company’s future payout ratio over the next three years is expected to remain stable at 15%. As a result, JK Cement’s ROE is not expected to change much either, which we inferred from analysts’ estimate of 21% for future ROE.

Summary

Overall, we believe JK Cement’s performance has been quite good. In particular, we appreciate the fact that the company is reinvesting heavily in its business, and at a high rate of return. Unsurprisingly, this led to impressive earnings growth. That said, the latest forecasts from industry analysts show that the company’s earnings growth is expected to slow. To learn more about the latest analyst forecasts for the company, check out this analyst forecast visualization for the company.

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.

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Infra Vaani | The economy battered by Covid needs a boost. The 2022 budget must invest in infrastructure https://www.localcollectorspost.org/infra-vaani-the-economy-battered-by-covid-needs-a-boost-the-2022-budget-must-invest-in-infrastructure/ Thu, 13 Jan 2022 06:08:03 +0000 https://www.localcollectorspost.org/infra-vaani-the-economy-battered-by-covid-needs-a-boost-the-2022-budget-must-invest-in-infrastructure/

When Finance Minister Nirmala Sitharaman presents her fourth budget on February 1 amid a third wave of COVID-19 sweeping India, there will be expectations galore of this penultimate full budget of the Prime Minister’s second term. Narendra Modi. There will be populist temptations, imperatives for reform, necessities for growth, pressures for equity in distribution and budgetary constraints.

But despite the chaos and confusion of the ‘new normal’ brought about by the pandemic, there is a critical need for faster and more inclusive growth coupled with a vastly improved ‘ease of living’ for both rural and urban citizens. and “ease of doing business” for growth engines.

As such, the bigger picture must remain focused on becoming a $ 5,000 billion economy by fiscal 2025 out of the current $ 3.2 trillion. The goal is bold, the roadblocks gigantic, but not reaching the top is not an option.

The big question is: which route to take to reach the top?

Quite naturally, multiple efforts from various directions are required, but none are more important than massive investment in infrastructure as well as critical structural reforms in planning, execution and delivery.

And here, the infrastructure must encompass the physical, the social and the digital.

Why Infra Push is needed

One may wonder why the infrastructure. First, for India to achieve double-digit year-over-year growth to allow the economy to catapult to $ 5,000 billion by 2025 and gallop to $ 10,000 billion by 2035, eliminating the infrastructure deficit is the most critical to achieve the goal.

Second, the blow to the body from the pandemic has damaged and undermined economic growth. Private sector investment continues to languish and private consumption has yet to reach pre-pandemic levels. Omicron-led third wave of COVID-19 is bringing more headwinds. In such a situation, government investments in the infrastructure sector will stimulate the economy.

Third, in the last two years of COVID-19, countries, developed and developing alike, have triggered massive investments, including in infrastructure, to get economies back on track. Despite some far-reaching reforms, India has so far been cautious about stimulus. It is time for infra to give growth a boost, temporarily putting budgetary and inflationary fears on the back burner.

Fourth, macroeconomists agree that in a downturn, faster investment in infrastructure is the cure for the economy. Aside from its direct contribution to employment, construction and materials, the infrastructure push has a strong multiplier effect – 2.5 to 4 times – on the economy.

Fifth, empirical evidence abounds that “for a struggling economy, promoting infrastructure is the right choice”. US President Roosevelt’s “New Deal”, the infra-surging growth of Japan and South Korea in the second half of the last century, and the never-ending dream of the Chinese economy are examples where the infra surge has led to a massive surge in GDP with a concomitant reduction in absolute poverty.

If this is the case, my singular wish from the Minister of Finance is: infrastructures, infrastructures and more infrastructures.

And this author believes his wishes are in sync with the Modi government’s bold infrastructure program, reaffirmed in the last budget. The $ 1.5 trillion National Infrastructure Pipeline (NIP) first announced in 2019 increased the basket of projects from 6,400 to 7,400. This “New Deal of India” is more ambitious than the rejuvenation plan infrastructure of US President Biden. There are many other aspects of the government’s grand and daring infra push. A development finance institution (DFI) managed by professionals to act as a supplier, facilitator and catalyst for infrastructure development with a target of Rs 5 lakh crore book loan in three years is critical.

And, the ambition has grown bigger with Rs 100 lakh-crore Gati Shakti, aiming to reduce the logistics costs of infrastructure projects by ensuring that the different ministries are working in a coordinated manner. AMRUT (Atal Mission for Rejuvenation and Urban Transformation), Smart Cities, massive focus on urban transport, Swachh Bharat 1.0 and 2.0, Jal Jeevan Mission, Pradhan Mantri Urban and Rural Awas Yojana are some of the many pieces of the puzzle below.

Each year, plans multiply and expenses increase. Now is the time to speak.

The Prime Minister rightly says: “We have to work in one hundred percent mode”. But are we?

Areas of intervention for the 2022 budget

In the midst of a growing cacophony, how is the performance on the pitch?

First of all, border infrastructure has been strengthened, from all-weather roads, from tunnels, railways, airstrips and helipads to projects of critical and strategic importance to Indian policy in Act East. Budget 2022, however, is expected to make a full allocation to complete all of these projects over the next two years, including 20 projects costing Rs 75,000 crore to connect the capitals of eight northeastern states and their towns to level 2/3 with an operational rail network.

Of them, highways and highways have been a priority for NDA governments — the current government has increased the speed of execution. Appreciable achievements, but the pendulum has swung too much in favor of highways and against railways. It is time to relaunch the two-pronged policy: first, instead of building more and faster highways at breakneck speed, improve the productivity of existing sections and encourage the large-scale creation of electric vehicle charging infrastructure. for the growing needs of personal and commercial vehicles. Second, it’s time to look beyond highways and pay accelerated attention to high-speed trains (passengers) and half-speed trains (freight).

Three, the record of the current government in the creation of urban rail transport infrastructure (metro-rail) is commendable with 18 cities having an operational network of 800 km, more than 1,000 km of construction at different stages in 24 cities and an additional 1,000 km at the planning stage. This planning and pace of construction is comparable only to that of China and is in tune with the cities which are the engines of growth. It also aims to reduce pollution in cities, preparing them to welcome 600 million city dwellers by 2030. The Metro Rail Policy, 2017 was a formidable catalyst, giving primacy to the economic internal rate of return (IRER) over compared to the financial internal rate impossible to achieve before. return (FIRR) for sanction of rail metro projects.

While commendable, there is one problem: the metro is expensive to build and operate, is not intended for all cities, and it still lacks multimodal and last mile connectivity in cities where it is operational. . Efficient green buses, intermediate transport and non-motorized transport infrastructure are essential needs. While providing for these, the budget must demand the completion of sanctioned metro and other urban transport projects within strict time and cost.

Fourth, Indian Railways (IR) stands out as the biggest laggard. Even before COVID-19, railways faced an existential crisis, losing passengers on the road and in the air as freight to highways, increasing personnel and retirement costs, and the heavy burden of the management of schools, colleges and hospitals. After COVID-19, this crisis worsened. The time has come for meaningful, achievable and enforceable reforms.

What should the 2022 budget foresee? First, clear tracks to complete the dedicated freight corridors to the east and west; they are a decade behind with a 100 percent cost increase. Second, refrain from announcing more freight corridors. Third, announce 5,000 km (350 km / h) high-speed intercity passenger corridors that will be completed in 10 years. Since talking about the HSR Ahmedabad-Mumbai Corridor, China has operationalized a 40,000 km HSR network, bringing together its cities.

Fourth, convert 10,000 km of the existing route to a semi-high speed train (250 km / h) to improve the productivity of the line. Fifth, aggressively opt for the fruit at your fingertips: modern signage and communication. Sixth, get practical with station modernization, start by creating the world’s 10 best stations before you think bigger. Seventh, immediately stop the unwanted plan to put the listed rail PSUs on hold and merge; think sideways instead, merge rail zones into cohesive business units, build on the legacy of 19th century schools, colleges, hospitals, and sell factories making coaches, wagons and locomotives. A bus operating company does not make buses, even metro systems in India buy the best metro cars and not make them.

This is the first in a two-part series on how Budget 2022 can deliver on infrastructure promises and growth.

The author is an infrastructure expert and President, Advisory Services, BARSYL Limited. The opinions expressed in this article are those of the author and do not represent the position of this publication or the author’s company.

Read all the latest news, breaking news and news on the coronavirus here.

]]> AMERICAN FINANCE TRUST ACHIEVES $ 180 MILLION IN ACQUISITIONS, 1.7 MILLION SQUARE FEET OF NEW OR RENEWED LEASES IN 2021 https://www.localcollectorspost.org/american-finance-trust-achieves-180-million-in-acquisitions-1-7-million-square-feet-of-new-or-renewed-leases-in-2021/ Tue, 11 Jan 2022 11:00:00 +0000 https://www.localcollectorspost.org/american-finance-trust-achieves-180-million-in-acquisitions-1-7-million-square-feet-of-new-or-renewed-leases-in-2021/

NEW YORK, January 11, 2022 / PRNewswire / – American Finance Trust, Inc. (Nasdaq: AFIN) (“AFIN” or the “Company”) today announced that it has acquired 69 commercial properties for a total of $ 179.9 million1 during the year ended December 31, 2021, based on the purchase price of the contract. The Company also announced that the leases of nine properties in its single-tenant portfolio have been extended in 2021, adding approximately $ 7.2 million in linear net rents over the term of the new leases. In addition, the Company signed 167 new leases or lease renewals.2 totaling 1.7 million square feet with tenants in its portfolio of open-air shopping centers.

“We had a solid year with almost $ 180 million of retail acquisitions, expanding our focused retail portfolio of net leased properties with long-term leases, ”said Michel weil, CEO of the company. “The properties we acquired last year had a weighted average capitalization rate of 8.3%3 and a weighted average residual lease term of 13.3 years at each closing date. In addition, we continued to be successful in our portfolio-wide leasing initiatives, executing over 175 new or renewed leases representing approximately 8.7% of our portfolio in square footage. “

Mr. Weil continued, “While we look forward to the announcement $ 1.3 billion the surface shopping mall acquisition that we expect to close this quarter, we believe our team’s superior execution in 2021 plays a critical role in transforming the company into Necessity Retail REIT: Where America Shops. “

Acquisitions
During the fourth quarter, the Company acquired 13 properties for an aggregate contractual purchase price of $ 28.1 million at a capitalization rate4 of 7.1% and a weighted average capitalization rate of 8.0% with an average remaining lease term of 18.4 years at the closing dates, weighted in square feet. For the year ended December 31, 2021, the Company acquired 69 properties for a contractual purchase price of $ 179.9 million at an initial capitalization rate of approximately 7.6% and a weighted average capitalization rate of 8.3%.

Rental
For the year ended December 31, 2021, the Company executed nine lease extensions in the single tenant segment of its portfolio. The leases extended the weighted average remaining term of the leases for these tenants to 9.8 years from 2.7 years at the time of signing and added a linear net rent of approximately $ 7.2 million on the new lease conditions. The total linear rent expected over the term of these leases is $ 9.7 million on the date of signature of each lease. The Company also signed 167 new leases or lease renewals associated with its open-air shopping centers during the fiscal year ended. December 31, 2021, totaling 1.7 million square feet.

Footnotes / Definitions

1 Includes two plots of land adjacent to property owned by the Company

2 Includes short-term leases, license agreements, and deferral and reduction agreements when associated with an extension

3 The capitalization rate is a rate of return on a real estate investment property based on the annualized and expected rental income that the property will generate under its existing lease (s). The capitalization rate is calculated by dividing the linear annualized rental income that the property will generate (before debt service and amortization and after fixed costs and variable costs) by the purchase price of the property, excluding acquisition costs. The weighted average capitalization rate is based on square footage.

4 The cash capitalization rate is a rate of return on a real estate investment property based on the annualized cash rental income expected during the first year of ownership that the property will generate under its existing lease (s). The cash capitalization rate is calculated by dividing that annualized rental income that the property will generate (before debt service and amortization and after fixed costs and variable costs) by the purchase price of the property. excluding acquisition costs. Weighted average cash cap rate is based on square footage

About American Finance Trust, Inc. soon to be renamed The Necessity Retail REIT Where America Shops
American Finance Trust, Inc. (Nasdaq: AFIN) is a Nasdaq-listed real estate investment trust that focuses on acquiring and managing a diverse portfolio of primarily service-oriented and sales-related commercial real estate properties. retail and distribution in the United States. sur l’AFIN is available on its website at www.americanfinancetrust.com.

Important Notice
Statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially. The words “anticipates”, “believes”, “expects”, “estimates”, “projects”, “plans”, “intends”, “could”, “can”, “seek”, ” “,”, “To identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are beyond the control of the Company, which could cause actual results to differ materially from the results contemplated by forward-looking statements. These risks and uncertainties include the potential negative effects of the ongoing global COVID-19 pandemic, including measures taken to contain or treat COVID-19, on the Company, the tenants of the Company, the assets under contract to be acquired. , including their respective tenants and the global economy and financial markets and that any potential future acquisition of property is subject to market conditions and the availability of capital and may not be identified or completed on favorable terms, or not at all, as well as the risks and uncertainties set out in the Risk Factors section of the company’s annual report on Form 10-K for the year ended December 31, 2020 filed on February 25, 2021 and all other filings with the SEC after that date, as these risks, uncertainties and other material factors may be updated from time to time in subsequent reports of the Company, including in particular the Company’s current report on dated Form 8-K 20 December 2021 and describing additional facts and risk factors relating to the transaction entered into with certain subsidiaries of CIM Real Estate Finance Trust, Inc. (the “Transaction”) and referenced in this press release. In particular, the Transaction is subject to closing conditions, including conditions which are beyond the control of the Company, and the Transaction described in this press release may not be completed under the conditions envisaged, or not at all, or may be delayed. The Company may not be able to obtain financing to complete the Transaction on favorable terms or not at all. Forward-looking statements speak only as of the date on which they are made, and the Company assumes no obligation to update or revise any forward-looking statements to reflect changed assumptions, the occurrence of unforeseen events or changes future operating results, unless it is required to do so. by the law.

Contacts:

Investor Relations
[email protected]
(866) 902-0063

SOURCE American Finance Trust, Inc.

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ManTech International Corporation (NASDAQ: MANT) shares have experienced strong momentum: does this require further study of its financial outlook? https://www.localcollectorspost.org/mantech-international-corporation-nasdaq-mant-shares-have-experienced-strong-momentum-does-this-require-further-study-of-its-financial-outlook/ Sun, 09 Jan 2022 14:14:31 +0000 https://www.localcollectorspost.org/mantech-international-corporation-nasdaq-mant-shares-have-experienced-strong-momentum-does-this-require-further-study-of-its-financial-outlook/

ManTech International (NASDAQ: MANT) stock rose 7.8% in the past month. As most know, fundamentals generally guide long-term market price movements, so we decided to look at the company’s key financial metrics today to see if they have a role to play in the recent one. price movement. Specifically, we have decided to study the ROE of ManTech International in this article.

Return on equity or ROE is a test of how effectively a company increases its value and manages investor money. In other words, it is a profitability ratio that measures the rate of return on capital contributed by the shareholders of the company.

See our latest analysis for ManTech International

How to calculate return on equity?

ROE can be calculated using the formula:

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

Thus, based on the above formula, the ROE of ManTech International is:

8.4% = US $ 139 million ÷ US $ 1.7 billion (based on the last twelve months to September 2021).

“Return” refers to a company’s profits over the past year. One way to conceptualize this is that for every $ 1 of shareholder capital it has, the company has made $ 0.08 in profit.

Why is ROE important for profit growth?

So far, we’ve learned that ROE is a measure of a company’s profitability. We now need to assess the profits that the business is reinvesting or “withholding” for future growth, which then gives us an idea of ​​the growth potential of the business. Assuming everything else is equal, companies that have both a higher return on equity and higher profit retention are generally those that have a higher growth rate than companies that do not have the same characteristics.

ManTech International earnings growth and ROE of 8.4%

When you first watch it, ManTech International’s ROE doesn’t look so appealing. We then compared the company’s ROE to that of the industry as a whole and were disappointed to find that the ROE is 15% below the industry average. However, the moderate 15% net income growth observed by ManTech International over the past five years is certainly positive. We think there might be other factors at play here. Such as – high profit retention or effective management in place.

As a next step, we compared ManTech International’s net income growth with the industry and found that the company has a similar growth figure compared to the industry average growth rate of 15% over the past year. same period.

NasdaqGS: MANT Past Profit Growth January 9, 2022

The basis for attaching value to a business is, to a large extent, related to the growth of its profits. The investor should try to establish whether the expected growth or decline in earnings, as the case may be, is taken into account. In doing so, he’ll have an idea if the action is heading for clear blue waters or swampy waters ahead. Is MANT valued enough? This intrinsic business value infographic has everything you need to know.

Is ManTech International using its profits effectively?

ManTech International has a three-year median payout ratio of 43%, which means it keeps the remaining 57% of its profits. This suggests that its dividend is well hedged and, given the decent growth of the company, it appears that management is reinvesting its earnings in an efficient manner.

In addition, ManTech International has paid dividends over a period of at least ten years, which means the company is very serious about sharing its profits with its shareholders. After studying the latest consensus data from analysts, we found that the company is expected to continue to pay out around 51% of its profits over the next three years. As a result, ManTech International’s ROE is not expected to change much either, which we have deduced from analysts’ estimate of 7.6% for future ROE.

Summary

Overall, we think ManTech International certainly has some positive factors to consider. Despite its low rate of return, the fact that the company reinvested a very large portion of its profits back into its business has undoubtedly contributed to the strong profit growth. That said, looking at current analysts’ estimates, we were worried that while the company has increased profits in the past, analysts expect its profits to decline in the future. To learn more about the latest analyst forecast for the business, check out this visualization of the analyst forecast for the business.

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


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The stock of 3SBio Inc. (HKG: 1530) recently showed weakness, but the financial outlook looks correct: is the market wrong? https://www.localcollectorspost.org/the-stock-of-3sbio-inc-hkg-1530-recently-showed-weakness-but-the-financial-outlook-looks-correct-is-the-market-wrong/ Fri, 07 Jan 2022 22:50:37 +0000 https://www.localcollectorspost.org/the-stock-of-3sbio-inc-hkg-1530-recently-showed-weakness-but-the-financial-outlook-looks-correct-is-the-market-wrong/

3SBio (HKG: 1530) had a rough three-month period with a 14% drop in its share price. But if you pay close attention to it, you might find that its key financial metrics look pretty decent, which could mean the stock could potentially rise in the long term given how markets typically reward long-term fundamentals. more resistant term. Specifically, we have decided to study the ROE of 3SBio in this article.

Return on equity or ROE is an important factor for a shareholder to consider, as it tells them how effectively their capital is being reinvested. Simply put, it is used to assess a company’s profitability against its equity.

See our latest review for 3SBio

How to calculate return on equity?

the formula for ROE is:

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

So, based on the above formula, the ROE for 3SBio is:

6.9% = CN ¥ 976m ÷ CN ¥ 14b (Based on the last twelve months up to June 2021).

The “return” is the income the business has earned over the past year. Another way to look at this is that for every HK $ 1 worth of equity, the company was able to make HK $ 0.07 in profit.

What does ROE have to do with profit growth?

We have already established that ROE is an effective indicator of profit generation for a company’s future profits. Based on how much of its profits the company chooses to reinvest or “keep”, we are then able to assess a company’s future ability to generate profits. Assuming everything else remains the same, the higher the ROE and profit retention, the higher the growth rate of a business compared to businesses that don’t necessarily have these characteristics.

3SBio profit growth and ROE of 6.9%

At first glance, 3SBio’s ROE doesn’t look very promising. However, given that the company’s ROE is similar to the industry average ROE of 7.1%, we can think about it. Despite this, 3SBio posted fairly decent growth in its bottom line which grew at a rate of 8.3%. Given the slightly low ROE, it is likely that other aspects are behind this growth. For example, the business has a low payout ratio or is managed efficiently.

Then, comparing with the industry net income growth, we found that the growth of 3SBio is quite high compared to the industry average growth of 0.03% during the same period, which is great to see.

SEHK: 1530 Past profit growth on January 7, 2022

Profit growth is an important metric to consider when valuing a stock. It is important for an investor to know whether the market has factored in the expected growth (or decline) in company earnings. By doing this, they will have an idea if the stock is heading for clear blue waters or if swampy waters are waiting for them. Is 3SBio just valued over other companies? These 3 evaluation measures could help you decide.

Does 3SBio use its profits effectively?

Although the company has paid part of its dividend in the past, it currently does not pay any dividends. We deduce that the company has reinvested all its profits to develop its activity.

Summary

Overall, we think 3SBio has some positive attributes. Despite its low rate of return, the fact that the company reinvested a very large portion of its profits back into its business has undoubtedly contributed to the strong profit growth. We also looked at the latest analysts’ forecast and found that the company’s profit growth is expected to be similar to its current growth rate. Are the expectations of these analysts based on general industry expectations or on company fundamentals? Click here to go to our business analyst forecasts page.

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


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RCSD is moving to distance learning. Will other schools in the region follow? https://www.localcollectorspost.org/rcsd-is-moving-to-distance-learning-will-other-schools-in-the-region-follow/ Wed, 05 Jan 2022 18:48:30 +0000 https://www.localcollectorspost.org/rcsd-is-moving-to-distance-learning-will-other-schools-in-the-region-follow/

The Rochester City School District has announced that it will switch to distance learning starting Thursday, January 6. Superintendent Lesli Myers-Small said the suspension of in-person classes was necessary due to increasing staff absences and a shortage of replacements.

“I imagine Rochester won’t be the only district making these changes,” the superintendent said at a media briefing Wednesday afternoon.

For many schools in Monroe County, 2022 looks a lot like 2020.

Most schools opened in person on Monday for the start of their spring semester, others have switched to distance learning and a growing number of other schools appear to be considering a switch to distance learning in the midst of the surge in coronavirus infections fueled by omicron and the resulting staff shortages.

Locally, Rochester’s Young Women’s College Prep Charter School opted for virtual classes for their students this week, with plans to return to teaching in person on January 10.




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News from the coronavirus pandemic and the Omicron variant https://www.localcollectorspost.org/news-from-the-coronavirus-pandemic-and-the-omicron-variant/ Mon, 03 Jan 2022 20:52:00 +0000 https://www.localcollectorspost.org/news-from-the-coronavirus-pandemic-and-the-omicron-variant/

The Chicago Teachers Union plans to call an emergency meeting to vote whether its teachers would switch strictly to virtual education amid an increase in Covid-19 cases, a union official says, putting in place a potential lockdown with the school district.

Public schools in Chicago, the third largest school district in the country, resumed in-person learning on Monday and maintained their safe conditions for in-person instruction.

The union meeting, scheduled for Tuesday, would include a survey of group delegates (elected union leaders for individual schools) to find out if they support a return to distance learning until the pandemic is better controlled.

The union will also send the same question electronically to its roughly 25,000 grassroots members on Tuesday, the official said. If grassroots members voted to return to distance learning, these teachers would notify their respective principals on Tuesday evening or Wednesday morning that they would be ready to teach, but remotely.

At this point, it would be up to Chicago’s public schools to potentially lock teachers out of their remote classrooms, as the district has threatened to do under similar circumstances in the past.

At a virtual union town hall on Sunday, about 80% of the 8,000 members present said they did not want to return to work in person under the current conditions, according to the union official.

This could trigger a “mass electronic lockdown,” the official said.

Part of the unions’ reluctance to return is due to a recent increase in Covid-19 cases among students and in the community, as well as uncertainty over the current picture of the infection.

According to data released by Chicago Public Schools, 35,590 tests were performed by students and staff between December 26 and January 1, and 24,843 were declared invalid. Among the accepted tests, 18% tested positive for Covid-19.

In a statement to CNN, Chicago Public Schools wrote: “Over the holiday weekend, we learned from our suppliers, ThermoFisher and Color, that more than half of the 40,000 tests submitted failed. be validated. As we continue to seek answers, our focus is on increasing onsite testing opportunities for affected students and schools this week as part of our ongoing weekly testing. ”

“The CPS is aware of CTU’s calls for possible member actions, including refusing to report for work, which the CPS believes could put the health and safety of members of our community at risk. particularly of our students, at an increased risk “, we can read in the press release. . “In the face of evolving pandemic challenges, our plan is to double these proven COVID-19 mitigation strategies: vaccination, testing, contact tracing, universal masking; social distancing; strong hand hygiene and respiratory etiquette; monitored and high indoor air quality; properly cleaned and disinfected spaces; and let some staff and families know that sick people should stay at home, ”he continued.

Additionally, as the school district headed for winter break, it reported its highest weekly number of Covid-19 cases since the start of the school year. Citywide over the past two weeks, Chicago has reported its highest number of daily Covid-19 cases since the start of the pandemic.

“Live two-way online distance learning” is available to all students heading into their 40s.


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