Initially the market reaction was fairly indiscriminate, as is typical of any sell-off. However, once markets regained their composure a combination of common sense and corporate reporting allowed investors to start thinking about more nuanced considerations.For example, online gaming could be highly resilient to the crisis if it is sufficiently short-term so as to not significantly impact customer spending, and it is also likely benefiting from substitution.However, the situation needs online gaming to be legally available for it to be a substitution benefit for regulated and/or listed companies; for the vast majority of the US, as well as Australia, this is cold comfort.Nevertheless, a recovery of sorts has reflected this. Relative to its lows, the NASDAQ is up over 7% and this is also reflected in online gaming exposed stocks: 888 may be down 14% in the period but it is up 37% from its March lows; this is also true of Aspire Global, Bet-at-Home, Kindred, GiG and NetEnt.The fast-moving nature of the crisis has made it very difficult for companies to keep the markets informed – indeed, some markets have advised that companies avoid non-essential announcements where possible.The timing of the impact is also tricky in that it largely impacts the tail of Q1 (making overall Q1 performance relatively meaningless) and will have an uncertain but certainly very big impact on Q2 (where we would not normally get guidance until July-August).So far, from an online perspective, guidance has largely been provided on the costs of the loss of sports, which is the most obvious negative.Here there is a fairly simple calculus of the number of weeks that mainstream sports remain disrupted for (likely far longer than specific lockdown measures: Wimbledon and Euro 2020 have already been cancelled or postponed, for example) and the implied lost revenue.The longer the crisis lasts for, the more costs can be mitigated (duty and content can be pretty immediate, marketing can be avoided and staff can be furloughed where possible).We have not yet had much guidance on the relative benefit seen by online gaming, which largely needs to deal with social distancing issues with staff rather than more profound supply-side shocks, such as loss of product or venue closures.Kindred is a gaming-led betting operator and its report of an impact of ‘only’ 10% from the fixture cancellations suggests that substitution into more exotic sports betting, virtuals and gaming has been very strong.The power of self-help and mitigation vs. initial impact can also been seen from GVC (albeit including a large proportion of retail issues), where monthly EBITDA impact guidance has been halved from £100m to £50m. This underperformance is unsurprising given that 18 companies have retail operations and 24 companies have exposure to global sports through betting (B2B or B2C).The biggest fallers combine these characteristics, typically with debt also, and include William Hill (-64%), IGT (-65%), Scientific Games (-75%) and Playtech (-49%).Interestingly, these falls are similar to those suffered by businesses largely reliant on retail operations that are now closed, such as Boyd (-67%), Caesars (-57%) and Rank (-61%). 15th April 2020 | By Stephen Carter While the initial market reaction to the pandemic disruption was indiscriminate, the 29% fall in the Index in the period to 3 April also reflects the return of more nuanced considerations on the part of investors, writes Paul Leyland Topics: Casino & games Finance Sports betting Bingo Poker Tags: Card Rooms and Poker Online Gambling Subscribe to the iGaming newsletter It is worth mentioning at this point that the fear of bored citizens stuck at home turning to online gambling in a harmful way has already caused emergency policies in Latvia (ban), Spain (marketing ban) and Belgium (mandatory spend limits).If the crisis continues with lockdowns as a major component of policy responses, we can expect these interventions to broaden and deepen – especially if elements of the industry fail to ‘self-regulate’ in this moment of unprecedented change and global crisis (always a high risk, unfortunately).So far, the market has priced in a shock and a few companies have also been priced for potential structural issues (e.g. William Hill, Scientific Games, Intralot, IGT, Playtech, US casinos).Whether this crisis does cause structural damage is largely dependent upon the time of disruption (unless there are other issues at play also, e.g. Intralot) and the levels of government support and/or business ingenuity provided as ‘normality’ returns.However, it is almost certain that the ‘normal’ we return to will be a new one.Ways of working are going to change, tax and regulation are very likely to change and customer behaviour will change most of all – if a ‘transaction-led’ gambler has discovered online (whether domestically regulated or not), they are unlikely to go back to those retail venues that offer little in the way of customer service or entertainment, especially if sports start up before high streets do. Channel shift has been given a massive structural boost, then, but so has public scrutiny.Disclaimer: the narrative provided represents the opinions of the authors. Any assessment of trends or change is necessarily subjective. The information and opinions provided are not intended to provide legal, accounting, investment or policy advice, nor should they be used as a forecast. Regulus Partners may act, or has acted, for any of the companies and other stakeholders mentioned in this article. RP iGaming Index: coping with Covid Bingo While the initial market reaction to the pandemic disruption was indiscriminate, the 29% fall in the Index in the period to 3 April also reflects the return of more nuanced considerations on the part of investors, writes Paul LeylandThe Covid-19 outbreak and government responses to it has dominated lives, businesses and stock markets since it became clear that the virus was a global pandemic.We are therefore going to consider the index through the period 21 February to 3 April – ie from before any major global reaction to the crisis rather than taking a more arbitrary (in the circumstances) calendar month view.Given the indiscriminate nature of the virus and the global reaction to it we will also not be providing a stock in focus, but instead looking at the responses of key constituents.Before we look at the numbers, we would like to give our thanks to all of those gambling companies and individuals who have done the right thing by their staff and stepped up to help their communities in this unprecedented period of dislocation and uncertainty.Whether it is by donating money or by providing food and essential equipment, large parts of the global industry have demonstrated levels of compassion and community spirit that go above and beyond what anyone could have expected or predicted. It is with this spirit that the industry will rebuild its role in society when we meet again.The Index, with each constituent company’s performance weighted according to its share of revenue derived from igaming, fell by 29% during the period, underperforming the NASDAQ benchmark by five percentage points. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address
DN Meyer Plc (DNMEYE.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2019 interim results for the third quarter.For more information about DN Meyer Plc (DNMEYE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the DN Meyer Plc (DNMEYE.ng) company page on AfricanFinancials.Document: DN Meyer Plc (DNMEYE.ng) 2019 interim results for the third quarter.Company ProfileDN Meyer Plc manufactures and sells high quality paint for the residential, industrial, automotive, marine and construction sectors in Nigeria. Products in its extensive range include decorative paint, wood paint, vehicles finishes, industrial and marine coatings, road lining paint, roof coating and tube coating. The company also produces a range of tile adhesives. DN Meyer Plc has business interests in selling and renting residential apartments and building and restoring properties. Founded in 1940 and formerly known as DN Meyer Plc, the company changed its name to Meyer Plc in 2016. The company’s head office is in Ikeja, Nigeria. DN Meyer Plc is listed on the Nigerian Stock Exchange
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Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Worried about a FTSE 100 crash? Here’s how you can diversify your portfolio! Stepan Lavrouk | Thursday, 16th January, 2020 I think that most people understand why investing in the stock market is such an often-employed strategy for growing retirement savings. The power of compound interest can magnify a relatively small amount of initial capital into truly large sums of money over a long enough period of time. For instance, investing £5,000 a year for 50 years at a fairly conservative average rate of 5% will yield a final pot of £1,156,414! In other words, you can become a millionaire by the time you retire by making relatively small adjustments to your lifestyle. However, there is an important caveat to this attractive arithmetic, and it’s one that isn’t discussed nearly enough, in my opinion. Compound interest can only work its magic if you do not suffer periods of capital loss. To make money, you first need to not lose it. Over the last 12 months, market uncertainty has risen significantly. Here are just some of the things that capital allocators are currently fretting about: the Iranian crisis, the US-China trade war, Brexit and the upcoming US election. My colleague Alan Oscroft recently wrote about these issues and more. Here’s what I think investors should do to solidify their portfolios.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Diversify, always diversifyOne way to protect yourself against losses is through diversification. Nothing in the stock market is certain, so successful investors like to spread their money around in order to protect themselves against potential downturns. At the most basic level this means not putting all of your money into one stock. Oftentimes, it also means buying shares of companies in different industries, or different countries — this is to ensure that your portfolio is not adversely affected by a single event that affects a specific sector or market.For instance, you may consider investing in the property sector. For investors looking to gain exposure to this market, buying shares in a REIT is one of the best choices available. A REIT (real estate investment trust) is a company that owns a portfolio of properties that it manages, and that pays out 90% of its income as dividends to its shareholders. Landsec is an example of a REIT with some premium properties in Central London.Another option that you might consider is to buy gold. The precious metal has been performing well lately, going from $1,300 per ounce in January 2019 to around $1,550 per ounce today. That’s a 16% increase — not bad for an asset that typically does not move that much. The conventional wisdom is that gold is a hedge against inflation, but I think its real value comes from it being a hedge against uncertainty. The value of gold tends to rise during uncertain times when investor money pours into the metal. Another great advantage is that it is a real asset, which will always have a value (unlike Bitcoin, for instance).And if you don’t want to buy real gold, you could opt for shares in gold miners instead, so there’s more than one way to profit from the precious metal.Whatever diversification route you choose to go down, remember Warren Buffett’s two rules for investing: “Rule number one is don’t lose money. Rule number two is don’t forget rule number one”. 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Rector Collierville, TN Posted Aug 4, 2016 Tags Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Knoxville, TN Anglican Communion, New Berrigan Book With Episcopal Roots Cascade Books Featured Events Bishop Diocesan Springfield, IL Rector Albany, NY Curate Diocese of Nebraska Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Assistant/Associate Rector Morristown, NJ TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Press Release Service Assistant/Associate Rector Washington, DC Curate (Associate & Priest-in-Charge) Traverse City, MI Submit a Press Release Submit a Job Listing The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Poverty & Hunger Rector Pittsburgh, PA Cathedral Dean Boise, ID Rector Washington, DC Church tackles female poverty and child marriages with education boost Associate Rector Columbus, GA Submit an Event Listing Rector Smithfield, NC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Martinsville, VA Rector Tampa, FL Director of Music Morristown, NJ Priest-in-Charge Lebanon, OH Canon for Family Ministry Jackson, MS Missioner for Disaster Resilience Sacramento, CA Associate Rector for Family Ministries Anchorage, AK Rector and Chaplain Eugene, OR Advocacy Peace & Justice, Director of Administration & Finance Atlanta, GA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Associate Priest for Pastoral Care New York, NY Rector Shreveport, LA Rector Hopkinsville, KY Youth Minister Lorton, VA Rector/Priest in Charge (PT) Lisbon, ME Rector Bath, NC Priest Associate or Director of Adult Ministries Greenville, SC This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Featured Jobs & Calls Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Assistant/Associate Priest Scottsdale, AZ Family Ministry Coordinator Baton Rouge, LA Course Director Jerusalem, Israel Rector (FT or PT) Indian River, MI Rector Belleville, IL Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET
“There’s this uncertainty about, ‘OK what may come down the corner?’ because it isn’t like these restrictions are in front of the Legislature,” DeSantis said. “A lot of them are unilateral decisions that can be made at the drop of the hat, so I think we need to let people know from that perspective that you’re going to be able to operate, you’re going to be able to do it.”The roundtable included comments from Stanford University structural biology professor Michael Levitt, Stanford University professor of medicine and economics Jay Bhattacharya and Harvard Medical School’s Michael Killduff.All three supported DeSantis’ claims that eliminating restrictions on business operations and reopening public schools and universities would not dramatically increase COVID-19 infections.DeSantis said places where local governments, such as in Broward and Miami-Dade counties, have imposed tighter restrictions than the state have seen no difference in infections.“I don’t think that the closure of restaurants has proven to be effective,” he said. Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Support conservation and fish with NEW Florida specialty license plate His preemption announcement will do just that, he said. Florida Gov. Ron DeSantis appears to be angling for the eat, drink and be merry vote with Thursday announcements that the state will preempt local governments from imposing pandemic restrictions on restaurants and he will propose a bill of rights for college students to party.“I understand universities are trying to do the right thing,” DeSantis said during a two-hour Tallahassee roundtable, referencing crackdowns on social gatherings at universities where COVID-19 infections are spiking since campuses reopened last month. “But I personally think it’s dramatically draconian that a student could get potentially expelled for going to a party. That’s what college kids do, and they’re at low-risk, and I just think we’ve got to be reasonable about this and really focus on where the most significant risk is.” Please enter your name here You have entered an incorrect email address! Please enter your email address here LEAVE A REPLY Cancel reply The Anatomy of Fear DeSantis, however, praised state universities for not going “overboard.”“I will give our universities credit. They have not gone way overboard the way some of these others throughout the rest of the country” have, he said. “I mean some of these stories are just absolutely horrible. And just if I were a parent, you know, to have a student treated the way some of those colleges in other parts of the country have treated them, I would be none too happy on that.”The governor did not detail what his student bill of rights would include during the roundtable, most of which discussed restaurants.Under current measures, restaurant interior dining rooms can open at 50 percent capacity and outdoor seating is unrestricted, but DeSantis has been hinting those restrictions soon will be relaxed.DeSantis did so again Thursday and added the Florida Department of Business and Professional Regulation (DBPR) will preempt local governments from imposing more strict regulations.“We license the restaurants, so it’s a DBPR thing,” DeSantis said. “We believe we would be able to ensure, based on our licensure ability, their ability to operate. They’re not going to be able to be closed by locals anymore, and they will be able to operate at the capacity they’re comfortable with.”The governor said the state’s 41,000 eating and drinking establishments, which employ more than 1 million people and generated $50.1 billion in sales in 2018, “need certainty.” Photo from Florida State University TAGSCOVID-19Florida State UniversityGovernor Ron DeSantisrestaurantsRestrictionsStudent Bill of RightsThe Center Square Previous articleAdventHealth: Rapid antigen tests are 96% accurate if done within first 5 days of symptoms; herd immunity stats and moreNext articleApopka Farmers Market reopening October 1 Denise Connell RELATED ARTICLESMORE FROM AUTHOR Share on Facebook Tweet on Twitter By John Haughey | The Center Square Please enter your comment! Among notable incidents, 11 Florida State University students were arrested and suspended after attending a party without face masks in August. Save my name, email, and website in this browser for the next time I comment.
Home Indiana Agriculture News Indiana’s Family of Farmers Donate Local Food and Freezer to Habitat for… SHARE Facebook Twitter Facebook Twitter SHARE Indiana’s Family of Farmers (IFoF) partnered with Greater Indy Habitat for Humanity again this year to donate a freezer and local meat and vegetable products to the two families who participated in the 9th Annual Ag Build at the 2018 Indiana State Fair.In partnership with the Indiana State Fair, Greater Indy Habitat constructed two new homes in 14 days on the Indiana State Fairgrounds this summer. Each deserving family built their home alongside more than 30 sponsors and almost 800 local volunteers.The new homeowners are Karen Leachman and Mansa Samlafo. Leachman works in security and enjoys working in her church, the community and with the elderly. Samlafo is the mother of a two-year-old daughter, Domo, and she works as an administrative coordinator. She enjoys swimming, reading, and playing with her daughter. More information about the two deserving local families can be found here and here.With the families now settling into their new homes, IFoF purchased a new freezer for each family and filled each freezer with local pork, beef, lamb and poultry products. In total, each family received approximately $350 worth of donated food items.IFoF purchased $500 worth of local foods, which was distributed to the families. IFoF’s contribution was bolstered by a more than $200 in-kind contribution from seven Indiana farm organizations: 2Morrow’s Farm, Becker Farms, Berry Goods Farm LLC, Engleking’s Country Beef Shop, Souder Farms Sweet Corn LLC, The Pork Shoppe and Well Done Beef LLC. Special thanks to Hoosier Harvest Market for coordinating the farmers’ contributions.IFoF representatives delivered the stocked freezers to the families on Monday, Nov. 20.IFoF is made up of many agriculture organizations in Indiana that have rallied around the group’s mission to raise the awareness of Indiana’s quality farmers and quality foods.Source: Indiana’s Family of Farmers By Hoosier Ag Today – Nov 25, 2018 Indiana’s Family of Farmers Donate Local Food and Freezer to Habitat for Humanity Families Previous articleNFU Study Found Farmers Got 11 Cents of Every Thanksgiving DollarNext articleCommentary: Why the World Needs More American Farm Boys Hoosier Ag Today
Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Your email address will not be published. Required fields are marked * Faith & Religion News First Congregational Church of Pasadena: Six People Joined (a)Spire Published on Friday, August 10, 2012 | 2:40 pm Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News Herbeauty7 Things A Man Will Do Only If He Really Loves YouHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeauty8 Celebrities People Don’t Love AnymoreHerbeautyHerbeauty First Heatwave Expected Next Week Make a comment Name (required) Mail (required) (not be published) Website Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News This past Sunday 7/22 six people joined (a)Spire as new Covenant Participants. Part of this covenant is becoming associate members of FCC. Those who joined are Lindsay Yee, Claire Richardson, Jill Craven, Keeva Bartlett, KC Bugg and Amy Story. Amy was already a member of the First Congregational Church (FCC) but chose to reaffirm her role of leadership and participation in (a)Spire. Afterwards the church celebrated with a beautiful (a)Spire cake made from scratch by Jill Craven and Lindsay Yee.First Congregational Church of Pasadena, 464 E. Walnut St., Pasadena, (626) 795-0696 or visit www.uccpasadena.org. 4 recommended0 commentsShareShareTweetSharePin it Subscribe Community News