Category: zuwubietjlke

Scoa Nigeria Plc (SCOA.ng) HY2015 Interim Report

first_imgScoa Nigeria Plc (SCOA.ng) listed on the Nigerian Stock Exchange under the Engineering sector has released it’s 2015 interim results for the half year.For more information about Scoa Nigeria Plc (SCOA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Scoa Nigeria Plc (SCOA.ng) company page on AfricanFinancials.Document: Scoa Nigeria Plc (SCOA.ng)  2015 interim results for the half year.Company ProfileScoa Nigeria Plc is a conglomerate company in Nigeria specialising in turnkey projects in the technology, infrastructure, farming, water engineering, food technologies and telecommunication sectors. Projects include the supply, construction, installation and maintenance of power generation and air-conditioning systems, home/office systems, security systems, electrical systems and fire prevention/industrial safety systems. Scoa Nigeria Plc distributes and services a range of passenger vehicles, trucks, buses and trailers and provides services for fleet management, trade-ins, vehicle leasing, providing drivers and service and repairs. Turnkey projects in the hospital and healthcare sector includes supplying and servicing hospital equipment and providing medical training services in the area of magnetic resonance, computed topography, cardiovascular, x-rays, radiography, ultrasound, nuclear medicine, radiation therapy and cardiac resuscitation. Scoa Nigeria Plc manages centres for physiotherapy and dentistry and a laboratory to diagnose and treat terminal illnesses and heart and neurological diseases. Scoa Nigeria Plc is a subsidiary of Fadoul Group. Its head office is in Lagos, Nigeria. Scoa Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Bottoms up to 2020, but is it thumbs down to this UK income stock’s share price?

first_imgSimply click below to discover how you can take advantage of this. Divyansh Awasthi | Friday, 3rd January, 2020 | More on: STCK Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Equity markets in the UK began 2020 on an ebullient note, with the FTSE 350 up by 0.9% on the first trading day of the year. However, as 2019 faded away, the ‘spirits’ of the alcohol world in the UK were dampened a bit. In this article, I’ll be trying to assess whether this would dampen prospects for Stock Spirits (LSE: STCK) after a brief background.Data from the Wine and Spirit Trade Association (WSTA) showed that the popularity of champagne and other forms of sparkling wine dwindled in 2019. Sales of premium champagne tumbled by 28% to 13 million bottles last year. These bottles brought in a revenue of £613 million. For comparison, in 2016, over 23 million champagne bottles were sold, which had brought in revenues of £753 million.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…Filled to the brim?It is the change in young people’s drinking habits that has led to the decline as the WSTA sees it. A surge in demand for cheaper options like Prosecco have eaten into the traditional champagne and sparkling wine market, too.Philip Hammond, former Chancellor of the Exchequer, is also partly responsible for the decline. His increased tax in the 2018 budget, which came into force in February 2019, led to a rise in duty on still wine by 7p and on sparkling wine by 9p a bottle.Taking ‘Stock’ of ‘Spirits’Stock Spirits caters primarily to the Central and Eastern European region, with Poland and Czech Republic accounting for over 75% of its revenues. Though its “cases sold” and sales figures dwarf in comparison to heavyweights like Diageo, it is by no means an insignificant player. It thrives on locally and regionally popular brands.The factors best in favour of the company include vodka being its mainstay and experiencing growth in terms of both volume and value. Poland being the third largest vodka market in the world certainly helps the company!However, there are a few causes of concern. 30% of the company’s revenue now come from premium products. With both Poland and the Czech Republic proposing a rise of 13% and 10% respectively on spirit sales from January 2020, I cannot rule out a change in customer preferences towards premium products.Further, Western Gate, while demanding a special dividend in December, had asked for a review of the company’s capital allocation policy. The firm, which owns 10% of Stock Spirits, has also expressed concern that its acquisitions – Dublin Liberties Distillery Company, Distillerie Franciacorta and Bartida – have not contributed to the company’s profits in 2019 at all. It further claimed that no returns from these acquisitions may be forthcoming until 2023.2019 was a sobering year for Stock Spirits’ share price, which declined by 5%. In my estimation, a possible change in consumer tastes – especially due to increased taxation, and concerns raised by Western Gate – merit a cautious stance. I think it may be worthwhile to wait a bit, around two to three months, before raising a toast to the stock. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Sharescenter_img Bottoms up to 2020, but is it thumbs down to this UK income stock’s share price? I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Divyansh Awasthi has no position in any of the shares mentioned. The Motley Fool UK has recommended Diageo. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Divyansh Awasthilast_img read more

Stop saving and starting investing! Why I’d buy Lloyds’ 6% dividend yield today

first_img Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Roland Head Simply click below to discover how you can take advantage of this. Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Are you carefully stashing some cash into a savings account each month? It’s good to save cash for holidays, boiler repairs, and emergencies.But with best buy interest rates now as low as 1.3%, your cash savings won’t generate very much income or growth. If you’re saving for retirement, I think it makes more sense to put your cash into the stock market.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…Today, I want to explain why I think FTSE 100 firm Lloyds Banking Group (LSE: LLOY) could be a good starting point for a stock portfolio.How long to double your money?Before I talk about Lloyds, I want to take a look at how long it might take to double your money when saving in cash. If you saved £10,000 today at 1.3%, my sums show it would take 54 years to double your money, assuming you reinvested the interest each year. After 10 years, you’d have just £11,378.By contrast, if you invested £10,000 at 6% for 10 years, you’d have £17,908. After 12 years you’d have doubled your money, assuming you reinvested the income each year.This is why most of my spare cash — except my emergency fund — is invested in the stock market.Why I like LloydsBanks got a bad name during the financial crisis. But that’s mostly in the past now. The main problem facing banks today is that interest rates are so low. This means profit margins are relatively slim.In these conditions, it pays to be big. And Lloyds is one of the biggest. In addition to Lloyds Bank, the group’s brands include Bank of Scotland, Halifax, Scottish Widows, MBNA and Lex Autolease.This means the group’s is one of the UK’s biggest providers of mortgage lending, retirement saving products, credit cards and car finance.Lloyds also has the biggest high street branch network in the UK, which probably doesn’t surprise you. What might surprise you is it’s also the largest digital bank in the UK, with 16.4m online banking customers. Rival start-ups won’t find it easy to disrupt this business, in my view.The only thing Lloyds can’t do very easily is expand. Personally, I don’t think that’s a major concern. Here’s why.Slow and steady wins the raceLloyds published its 2019 financial results last week. These showed a fairly reassuring picture. Although profit margins on mortgage lending remain under pressure, due to low interest rates, I think the group is in good financial health.Because this 255-year old bank isn’t expanding very quickly, its operations generate quite a lot of spare cash each year. Much of this can be returned to shareholders, usually through a dividend. The stock’s dividend rose by 5% to 3.37p per share last year, giving a dividend yield of 6%.In 2020, this payout is expected to rise by 5% again, to 3.53p per share. This gives the stock a forecast dividend yield of 6.2% for the current year. That’s the cash payout you might expect to get if you bought the shares today.There may be some bumps in the road ahead, especially if the UK economy slows. But I’m confident Lloyds shares should be a reliable source of income for many years. I see the bank as a good stock to buy and tuck away for the future. Roland Head | Saturday, 22nd February, 2020 | More on: LLOY center_img Stop saving and starting investing! Why I’d buy Lloyds’ 6% dividend yield today “This Stock Could Be Like Buying Amazon in 1997” Roland Head has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

2 high-yield dividend stocks I’d buy for 2021

first_img2 high-yield dividend stocks I’d buy for 2021 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” The coronavirus pandemic has caused many companies around the world to abandon their dividend payouts, and rightly so. Normally, during times of economic uncertainty, most companies eliminate dividend payments to ensure financial stability and reduce volatility. As such, it’s not easy to find high-yield stocks with low risk right now. This issue is particularly painful for investors when interest rates around the world are at historic low levels. But, if you’re willing to take a calculated risk with higher-yield stocks, then I think there are good opportunities in the market right now. With that in mind, here’s a look at two high-yield dividend stocks (that are also a bit risky) I’d consider buying for 2021.5G 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…Evraz: one of the high-yield dividend stocks I’d buyThe first stock I’d consider buying for next year is Evraz (LSE: EVR), the miner that’s also a major steel producer. Frankly, investing in Evraz isn’t suitable for many investors. It’s using a lot of debt to finance its operations, so it carries a relatively high level of risk. But at the same time, Evraz is offering an annual dividend yield of around 9%, which is well above the FTSE 350 average yield of slightly more than 2%. This makes Evraz one of the highest-yielding stocks in the UK at the time of writing. But there’s more than that. The share price of the company, of which Roman Abramovich is the biggest shareholder, has made an impressive recovery from the low levels it was trading at in March. In fact, it’s among the few companies that will end 2020 with a positive year-to-date return of around 17%.Looking ahead to 2021, as Covid-19 vaccines are rolled out, it’s very likely that demand for steel and mining commodities will be on the rise next year. The World Steel Association predicts that global demand for steel will increase by 4.1% in 2021. With that yield of around 9% and the bullish momentum seen in the last months, I think Evraz could be one of the best high-yield dividend stocks to buy with an eye on its additional share price appreciation potential. High-yield oil stockNormally, I would be a bit sceptical about a company with an annual dividend yield of above 10%. If any company is willing to pay such a high yield, it’s generally an alarming sign for investors. But here, I actually think Diversified Gas & Oil (LSE: DGOC) appears to be in a good position to continue its positive momentum in 2021.First, I’m currently pretty bullish on the oil and gas industry. As I ‘ve written before, I reckon oil companies like Petrofac could be heading back to profitability next year. In my view, the same applies to Diversified Gas & Oil. Second, the company is doing pretty well. In September, it joined the FTSE 250 index as well as the FTSE All-Share Index. Then, in its Q3 trading update, DGOC raised its adjusted EBITDA from $64m in 2019 to $75m in 2020, announced $221 million of available liquidity, and pointed to a notable reduction in its net debt. Consequently, DGOC shares have finished the year with a positive return of above 7%. In my view, this could be an under-the-radar investment for 2021.  Our 6 ‘Best Buys Now’ Shares Tom Chen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Tom Chen | Wednesday, 30th December, 2020 | More on: DGOC EVR Simply click below to discover how you can take advantage of this. See all posts by Tom Chen Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Tui targets big month ahead for Chiefs

first_imgIndeed, the Chiefs showed last time out that they are happy to perform for the entire game. In their ten-try show against visiting Prato, three of their scores came in the final five minutes. Whilst in Perpignan the week previous, the Chiefs were always in contention in what was a full-on battle against their French hosts.Tui added: “When we went away to Perpignan we did a lot of good things, but we also did a few things that we’ve since been able to work on these past two weeks. Last week against Prato the boys put the things we had worked on into action and we ended up scoring 10 quality tries. It seemed everything we trained on during the week came to plan.”With little footage of Prato to focus on ahead of kick-off, the Chiefs used much of their pre-game planning to focus their thoughts on themselves rather than the opposition. It was – according to Tui – a refreshing change to the norm. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS EXETER, ENGLAND – FEBRUARY 12: Hoani Tui of Exeter Chiefs looks on during the Aviva Premiership match between Exeter Chiefs and Harlequins at Sandy Park Stadium on February 12, 2011 in Exeter, England. (Photo by Tom Dulat/Getty Images) Exeter prop Hoani TuiExeter Chiefs prop Hoani Tui is targeting a big month ahead for the Devon club as they look to push on not only in the Aviva Premiership, but also within the Amlin Challenge Cup.On Friday night, Rob Baxter’s side return to domestic action when they travel to Sale Sharks at Edgeley Park (7.45pm), before they then gear up to entertain promoted Worcester Warriors a week later. Following those two fixtures, the Chiefs return to European exploits when they come up against Pool 4 leaders Newport-Gwent Dragons in back-to-back encounters.“It’s a big month ahead for us,” admitted Tui. “Friday will be a tough game because they have been going well. They’ve brought in a few new players this year; they’ve got a couple of sharp backs who lead from the front; plus they have a strong forward pack, so they will be a handful.”That said, the Chiefs – buoyed by last weekend’s 68-0 thumping of Italian side Cavalieri Prato – will travel to Stockport in good stead and with the knowledge that they defeated the Sharks twice in top flight action last season.“It will be tough up there, we know that,” added the New Zealand-born prop. “When we were in the Championship we played them in pre-season and we obviously went there in the Premiership last year, so we’ve got used to going there and playing them. It’s a smaller pitch compared to Sandy Park, so hopefully my lungs will cope.“But it’s like any game, it all starts up front. They’ve got a good pack and a good scrum, so we have to be aware. We can’t go up there, start well and then drop away, we have to put in a full 80-minute performance.” “Last week we didn’t have too much to go on with Prato, so we concentrated on ourselves,” he said. “This week has been more of the same, although we do have more information on Sale. That said, we will no doubt go in with a similar mentality as last week and with the thought that we play our own style of footy.“The last couple of Premiership games we have played well and come away with some bonus points, but now we’re getting towards the middle of the season so we have to kick on from the good start we had. Hopefully over these next two weeks we can come away with a couple of wins.”last_img read more

Funders have key role to play in collaborative working

About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 30 March 2005 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Encouragingly, the research reveals that 75% of funders recognised that they have an important role to play in collaborative working; and 65% said that they would fund collaborative working in the future. Funders have key role to play in collaborative working  27 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Finance Research / statistics Funders are in a key position to help promote awareness of the potential of collaborative working and to assist good practice, according to the National Council for Voluntary Organisations’ (NCVO) Collaborative Working Unit (CWU).The CWU recently conducted baseline research into funders’ knowledge, understanding and awareness of collaborative working. Those surveyed included charitable trusts and foundations, and government and local funders. About one third demonstrated wide general awareness of collaborative working and its possible functions, and many were already funding joint working in some capacity. Advertisement read more

Cathal Ryan leaves €35 million to charity

first_img Tagged with: Ireland legacies AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Cathal Ryan, the son of the late Ryanair founder, Tony Ryan, who died in 2007, has left €35 million to charity in his will.Records filed at the Probate Office in Dublin last week show that Ryan left an estate of €249,694,000 when he died on December 20, 2007. The 48-year-old businessman, who lived in Celbridge, Co Kildare, had suffered from cancer.High Court probate documents revealed that Ryan instructed trustees of his estate to give €35m to charity – including at least €10m to charities helping Irish children, the performing arts and higher education. Advertisement Cathal Ryan leaves €35 million to charity Howard Lake | 22 June 2009 | Newscenter_img  22 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Ryan was one of the first Ryanair pilots and was a director of the airline from 1996 to 2002. Ryan was also involved in a number of other business ventures. He was an owner and breeder of horses and supported the Irish drama and medical groups. Since his death, the Cathal Ryan Trust has announced plans for a theatre and academy of dramatic arts at NUI Maynooth.Ryan was survived by his children Cillian, Claudia, Danielle and Cameron and by his mother and brothers. He died less than three months after the death of his father. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Call for measures to defuse tension in runup to elections, after threats against two journalists

first_img November 27, 2020 Find out more Reports March 5, 2021 Find out more SenegalAfrica RSF_en Reporters Without Borders today condemned two separate cases of threats against Senegalese journalists in the past two weeks. The targets were freelance reporter Dié Maty Fall, who works for the privately-owned newspapers Sud Quotidien, Le Populaire and L’As and the websites Rewmi.com and Nettali.net, and Pape Alé Niang, who presents the press review on privately-owned radio Sud FM.“Threats against journalists are always dangerous, regardless of their position, because journalists are often the first to fall victim to political hatred,” the press freedom organisation said. “We call on the police to investigate these cases thoroughly in order to deter those who attack the media, to defuse tension and to calm people down in the runup to the elections.”Fall told Reporters Without Borders that her mother received three anonymous calls on 25 November. The first caller, a woman, asked if “your daughter is at home.” A subsequent caller said: “Tell your daughter to calm down, to stop poking her nose everywhere and to mind her own business (…) otherwise something terrible will happen to her.”Both Fall and her mother filed complaints “against persons unknown” at Dakar police headquarters.The former head of political coverage at the state-owned daily Le Soleil, Fall condemned “threats and insults against independent journalists.” Deploring the seriousness of some of the insults, especially racial ones, she said: “I have never been afraid of threats, but it worries me when they affect my family.” She added that government members had tried to bribe her several times in the course of her career.Niang said he was threatened by justice minister Cheikh Tidiane Sy at a meeting of the ruling Senegalese Democratic Party (PDS) on 22 November that was attended by the president. He said Sy had called for him to be “given a hiding” because of his “disrespectful” press review. Organisation Follow the news on Senegal to go further News January 8, 2021 Find out morecenter_img Help by sharing this information Receive email alerts News December 5, 2006 – Updated on January 20, 2016 Call for measures to defuse tension in runup to elections, after threats against two journalists The 2020 pandemic has challenged press freedom in Africa SenegalAfrica News RSF asks Senegal to amend its new press law RSF decries exceptional press freedom violations in Senegallast_img read more

City Finance Department to Ask Council to Authorize $50 Million Water Revenue Refunding Bonds

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News Your email address will not be published. Required fields are marked * HerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyGet Rid Of Unwanted Body Fat By Eating The Right FoodsHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeauty More Cool Stuff STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Subscribe Name (required)  Mail (required) (not be published)  Website  Community News Community News 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.center_img CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment At a special meeting Thursday, the Pasadena City Council’s Finance/Audit Committee is scheduled to discuss a proposal from the Finance Department for the City Council to authorize the invitation of bids for the purchase of 2020A series water revenue refunding bondsThe authorization also includes approval of a notice of intention to sell bonds, a preliminary official statement, and a notice inviting bids. The council would then be asked to authorize the publication of a notice of intention to sell bonds, and authorize other actions related to the 2020A series water refunding bonds.In addition, the Finance Department is recommending the first reading of an ordinance that will authorize the issuance of up to $50.425 million worth of water revenue refunding bonds 2020A series, payable out of the city’s water fund. The proposed ordinance will also approve the execution and delivery of a sixth supplement to the city’s water revenue bond indenture, as well as a continuing disclosure agreement.As background, the city issued its 2010A Water Revenue Bonds in 2010 in accordance with the Water System Master Plan adopted by the City Council. The 2010A bonds included funding for capital projects both inside and outside the Master Plan – including installation of water mains, meters, and services and upgrading of facilities; design and installation of chloramine disinfection facilities to replace existing chlorine stations; and design and preparation of environmental review documents.A Finance Department report showed the 2010A Water Revenue Bonds were issued as Build America Bonds, or BABs. These were issued with a “call” feature that provides the option to refund the bonds in December 2020 prior to their stated maturity.The department’s current recommendation is to refinance the outstanding 2010A bonds without extending the June 1, 2040 final maturity date and to borrow up to $25 million in new proceeds to finance capital improvement projects to the water system, with maturities from June 1, 2021 through June 1, 2050.The new proceeds of the 2020A Water Revenue/Refunding Bonds will be used to finance the installation of new and replacement water mains, including all other necessary improvements to water flows for fire protection and water quality, the Finance Department’s report showed.These new proceeds will also finance the replacement of sunset reservoirs, including the replacement of disinfection facilities, upgrading of the Glorietta Booster Station, and treatment to address water quality deficiencies for wells in the area and improvements to the appearance of the site.Currently, the Water Fund pays an average taxable rate of 7.19 percent on the outstanding 2010A bonds with an equivalent tax-exempt rate of 4.67 percent the BABs subsidy from the Internal Revenue Service.At today’s market rates – as of Aug. 25, 2020 – the city could refund these bonds at an estimated true interest cost of 2.43 percent and realize a net present value savings of $7.66 million, or 30 percent of the refunded bonds, the Finance Department said.Since competitive bidding of the proposed refunding bonds is not scheduled until Nov. 16, the department is recommending that the City Council proceed with the refunding and the competitive sales of the 2020A Water Revenue Refunding Bonds as long as the city anticipates a net present value savings of a minimum of $1.27 million, or 5 percent of the refunded bonds.Members of the community may access the discussion on Thursday through www.pasadena.granicus.com/MediaPlayer.php?publish_id=9 and on www.pasadenamedia.org.Public comments may be sent by email to [email protected] before Thursday. During the meeting, comments of up to 200 words may be sent through www.cityofpasadena.net/commissions/public-comment.Thursday’s online public meeting begins at 2 p.m. STAFF REPORT First Heatwave Expected Next Week Top of the News 17 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Government City Finance Department to Ask Council to Authorize $50 Million Water Revenue Refunding Bonds By ANDY VITALICIO Published on Monday, September 7, 2020 | 10:54 am Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Blaney claims councillors didn’t prioritise Fanad Road

first_img Google+ Pinterest Previous articleWoman dies in Kilmacrennan crashNext articleFive men arrested in Donegal dissident probe News Highland Facebook Twitter 75 positive cases of Covid confirmed in North WhatsApp News Some Donegal County Councillors have been accused of putting politics ahead of the development of Donegal.Deputy Niall Blaney has launched a scathing attack on a number of Councillors particularly Noel McBride, Ian McGarvey and Mick Quinn.He says it is odd that they have been critical of the condition of the approach road on the Fanad side of the Harry Blaney Bridge yet didn’t push for its inclusion on a council list of priority roads for funding.Councillor Blaney says it smacks of anti government political point scoring.However, Cllr. Noel McBride has described the comments as ‘untrue’ and ‘unhelpful’.Responding to Deputy Blaney’s claims, Cllr. McBride said the council made an application for funding on 12th December, 2008, and the Department of Transport has not yet replied. Facebook Pinterest Twittercenter_img Google+ WhatsApp Gardai continue to investigate Kilmacrennan fire By News Highland – February 22, 2010 Further drop in people receiving PUP in Donegal Blaney claims councillors didn’t prioritise Fanad Road Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic RELATED ARTICLESMORE FROM AUTHOR Main Evening News, Sport and Obituaries Tuesday May 25th last_img read more