Frankrijk Menu http://frankrijkmenu.com/ Fri, 14 Jan 2022 18:09:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.2 https://frankrijkmenu.com/wp-content/uploads/2021/12/icon-2021-12-22T221530.358.png Frankrijk Menu http://frankrijkmenu.com/ 32 32 TD Securities raises target price for Teck Resources (NYSE:TECK) to C$56.00 https://frankrijkmenu.com/td-securities-raises-target-price-for-teck-resources-nyseteck-to-c56-00/ Fri, 14 Jan 2022 17:37:30 +0000 https://frankrijkmenu.com/td-securities-raises-target-price-for-teck-resources-nyseteck-to-c56-00/

Resources Teak (NYSE: TEAK) (TSE: TEAK) had its price target raised by investment analysts at TD Securities from C$47.00 to C$56.00 in a research note released Friday to investors, reports The Fly.

Other analysts have also recently published research reports on the company. Canaccord Genuity Group upgraded Teck Resources from a “hold” rating to a “buy” rating and set a target price of $48.00 for the stock in a research note on Monday. Scotiabank raised its target price on Teck Resources from C$43.00 to C$44.00 and gave the company an “outperform” rating in a Tuesday, October 12 research report. Deutsche Bank Aktiengesellschaft raised its price target on Teck Resources from $30.00 to $32.00 and gave the company a “buy” rating in a Thursday, September 16 research report. TheStreet upgraded Teck Resources from a “d+” rating to a “c-” rating in a Thursday, October 14 report. Finally, Morgan Stanley raised its price target on Teck Resources from $29.00 to $33.00 and gave the company an “overweight” rating in a Thursday, Dec. 9 report. Four investment analysts gave the stock a hold rating and seventeen gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $39.13.

NYSE TECK traded down $0.13 during Friday trading hours, hitting $33.51. The company’s shares had a trading volume of 132,523 shares, compared to its average volume of 4,541,215. Teck Resources has a 12-month low of $17.31 and a 12-month high of 34, $78. The company’s 50-day simple moving average is $27.96 and its two-hundred-day simple moving average is $25.50. The company has a market capitalization of $17.62 billion, a P/E ratio of 24.45, a price-to-earnings growth ratio of 0.20 and a beta of 1.27. The company has a debt ratio of 0.32, a current ratio of 1.41 and a quick ratio of 0.73.

(A d)

The Fraser Institute conducted a survey to find the best place in the world to mine lithium. They searched 77 spots from around the world… and the Nevada desert took first place by a landslide. And this small mining company just staked 11,700 acres of mining claims in Nevada’s hottest lithium play…

Teck Resources (NYSE:TECK) (TSE:TECK) last reported results on Wednesday, October 27. The basic materials company reported earnings per share (EPS) of $1.88 for the quarter, beating the consensus estimate of $1.48 by $0.40. The company posted revenue of $3.97 billion for the quarter, versus $3.63 billion expected by analysts. Teck Resources had a return on equity of 9.13% and a net margin of 8.08%. The company’s revenue for the quarter increased 73.3% year over year. During the same period last year, the company posted earnings per share of $0.18. As a group, research analysts predict Teck Resources will post earnings per share of 4.48 for the current fiscal year.

Hedge funds have recently been buying and selling stocks. Amundi Pioneer Asset Management Inc. increased its stake in Teck Resources shares by 72.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 360,876 shares of the basic materials company worth $8,365,000 after purchasing an additional 152,124 shares during the period. Advisor Group Holdings Inc. increased its equity stake in Teck Resources by 31.1% during the second quarter. Advisor Group Holdings Inc. now owns 25,268 shares of the basic materials company worth $582,000 after buying 5,987 additional shares in the last quarter. Rockefeller Capital Management LP acquired a new equity stake in Teck Resources during Q2 valued at $1,119,000. Aviva PLC increased its stake in Teck Resources by 2.1% in the second quarter. Aviva PLC now owns 156,151 shares of the basic materials company valued at $3,596,000 after buying 3,207 additional shares last quarter. Finally, Van ECK Associates Corp increased its stake in Teck Resources by 67.1% in the second quarter. Van ECK Associates Corp now owns 91,894 shares of the basic materials company valued at $2,116,000 after buying an additional 36,904 shares last quarter. 48.71% of the shares are currently held by hedge funds and other institutional investors.

Teck Resources Company Profile

Teck Resources Ltd. is a resource company engaged in mining and the development of mineral properties. It has organized itself into business units focused on steelmaking coal, copper, zinc and energy. The company also offers lead, silver, molybdenum and various specialty and other metals, chemicals and fertilizers.

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Analyst Recommendations for Teck Resources (NYSE:TECK)

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]]> Buying Infosys with a target price of INR 2,310 suggests Motilal Oswal https://frankrijkmenu.com/buying-infosys-with-a-target-price-of-inr-2310-suggests-motilal-oswal/ Thu, 13 Jan 2022 05:56:47 +0000 https://frankrijkmenu.com/buying-infosys-with-a-target-price-of-inr-2310-suggests-motilal-oswal/

Rationale for the investment for Infosys according to Motilal Oswal

  • The growth of manufacturing at 3TFY22 was aided by an acceleration of the deal with Daimler. Management is seeing strong traction in the areas of smart manufacturing and IoT. Infosys is seeing very good traction in digital and cloud initiatives. Management has further improved its forecast for revenue growth. The same value now stands at 19.5-20% YoY CC (v / s its previous forecast of 16.5-17.5% YoY CC). The demand environment is so strong that he doesn’t want to leave anything on the table. Thus, it continues the pace of hiring and subcontracting despite the costs. It now has a more recent hiring target of 55,000 in FY22 from 45,000 earlier and higher prices are pouring in new offerings which should improve the margin in FY 23.
  • Infosys reported 7% QoQ CC growth, ahead of our estimate of 4.8%, thanks to an overall performance. The TCV of large transactions stood at $ 2.53 billion (new net at 44%). Management indicated a pull in large deals and pointed out that the deal pipeline was the highest in a very long time.
  • The EBIT margin only declined by 10bp QoQ to 23.5%, in line with our estimate, despite a slowdown in employee additions (12.5k), higher outsourcing and lower utilization (-70 bp QoQ) at 3QFY22. Strong revenue growth resulted in PAT growth of 7.2% QoQ to INR58b.
  • With an exceptional performance in the 3rd quarter, Infosys increased its revenue growth forecast for fiscal year 22 in USD to 19.5-20% year-on-year (from 16.5 to 17.5%). While we anticipate a more modest increase in guidance, growth in 3Q will ensure that its revenue growth for FY22 will again exceed its latest forecast by 100bp. Good revenue growth in FY2HFY22 will also help it generate high growth among teens in FY23 which would be viewed positively by investors.
  • Additionally, comments about improving pricing and attrition should allay margin concerns going forward. While LTM attrition increased sharply (550bp), management indicated that it has stabilized on an annualized quarterly basis (a sentiment echoed by its peers as well) and that it should start to moderate at the end of the year. ‘to come up. We expect the company to improve its EBIT margin by 60bps to 24.3% in FY23.

Buy with a target price of INR 2,310

Buy with a target price of INR 2,310

Motilal Oswal said in his research report that “Infosys performed strongly during 3TFY22. We expect it to show growth in the top quartile in FY22 given its strong capabilities and ramping up in big contracts. We expect the margin to hold at the top. the end of its forecast range, driven by: 1) strong revenue growth and the resulting operating leverage, 2) further flattening of the pyramid and 3) continued operational efficiency measures . to normalize over the next few quarters. “

The brokerage also asserted that “Infosys remains our top choice in the IT services space due to its leeway for increased growth potential, which was further bolstered by its 3QFY22 earnings. As Infosys has outperformed TCS, we do not expect any valuation divergence between the two Based on our revised estimates, the stock is currently trading at 28x FY23E EPS. We value 30x FY24E EPS, implying a target price of INR 2,310. “

Warning

Warning

The above stock was selected in the Motilal Oswal brokerage report. Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies, the author and the brokerage are not responsible for any losses caused as a result of decisions based on the article.

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Rice price high despite new harvest, abundant imports https://frankrijkmenu.com/rice-price-high-despite-new-harvest-abundant-imports/ Tue, 11 Jan 2022 19:52:32 +0000 https://frankrijkmenu.com/rice-price-high-despite-new-harvest-abundant-imports/

Different varieties of rice grown by farmers in the surrounding villages are sold for between 1,400 and 2,000 Tk per maund (around 37 kilograms) at a centuries-old floating market sitting every Saturday and Tuesday on the Sandha River in the upazila Banaripara of Barishal. The photo was taken yesterday. Photo: Titu Das

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Different varieties of rice grown by farmers in the surrounding villages are sold for between 1,400 and 2,000 Tk per maund (around 37 kilograms) at a centuries-old floating market sitting every Saturday and Tuesday on the Sandha River in the upazila Banaripara of Barishal. The photo was taken yesterday. Photo: Titu Das

Rice prices have remained high in Bangladesh despite a plentiful supply of grains as farmers harvest Aman’s second largest crop, putting low-income groups in a difficult position amid continued economic uncertainty.

Over the past month, retail rice prices have risen 6% in the capital’s markets.

For all the latest news, follow the Daily Star’s Google News channel.

The prices of medium-quality cereals registered the largest increase, followed by finer and coarse rice, straining the purchasing capacity of low-income people, who already count more for rising transport costs and soaring prices for various basic necessities, including edible oil. .

Average grain retail prices yesterday were Tk 52 to 58 per kilogram, up from Tk 48 to 56 a month ago, according to data from the state-run Trading Corporation of Bangladesh.

The finer variety was selling 3% higher at Tk 60-Tk 70 yesterday compared to a month ago. Coarse grain prices increased 3 percent to Tk 45-50 in the past month.

Millers and traders claim that purchases made by rice mills, including large industrial companies such as ACI Ltd, City Group, Pran and Akij Resources, which have entered the rice market in recent years, to build up stocks in order Marketing the staple food during the lean season is one of the drivers of higher paddy prices.

Higher transportation costs, fueled by the government’s rise in diesel prices in November, contributed to the rise in the price of grains, which are also subject to tariffs and taxes of 62.5 percent when ‘they are imported.

Data from the Agricultural Marketing Department (DAM) showed that the prices of coarse and medium grains of paddy, which are cheaper than finer ones, have increased over the past month.

For example, the prices of Coarse Aman, the second largest paddy accounting for 38 percent of annual rice production, fell from Tk 919 to Tk 950 a month ago to Tk 913 972 on the maund on January 3. Such a peak during the harvest season has raised questions.

In Bangladesh, imports increased thanks to reduced import tariffs from December 2020 to October 2021.

Out of the total imports of 13.59 lakh tonnes in fiscal year 2020-21 which ended in June, private importers contributed 7.86 lakh tonnes.

They have purchased 2.82 tonnes of lakh from the international market so far in the current fiscal year, and the imported rice is already available in wholesale markets in Dhaka.

“There may be a reason behind the increase in prices during the lean season. But any increase in prices is illogical during high seasons,” said Al Amin, a private worker who lives in Uttara de Dhaka.

Nirod Boron Saha, a rice and paddy wholesaler in Naogaon, one of the main rice wholesale centers, said rice prices have remained high even during the harvest season due to purchases by millers. .

Managers from three rice mills agreed with Saha, adding that millers and large wholesalers are busy procuring paddy for storage as they seek to sell rice during the lean season before the next late harvest arrives. April.

In addition, some farmers are storing paddy in hopes of selling it later at higher prices, creating crises in the market, according to market insiders.

The Agricultural Extension Department (DAE) estimates the transplanting of Aman crops to 56.2 lakh hectares of land in the current fiscal year, up 4.3% from the previous year.

“We expect a good harvest this year,” said a DAE official.

Abdur Rashid, president of the Bangladesh Auto Major and Husking Mill Owners Association, said the increase in income tax, production and transportation costs had affected millers and pushed up production costs.

Following the rise in rice prices, Food Minister Sadhan Chandra Majumder, in a meeting with millers and warehouses on December 27, called on them to help keep the market stable.

He also alleged that the mill owners and warehouse keepers manipulated the prices of rice.

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You can’t put a price on youth festivals https://frankrijkmenu.com/you-cant-put-a-price-on-youth-festivals/ Tue, 11 Jan 2022 13:14:07 +0000 https://frankrijkmenu.com/you-cant-put-a-price-on-youth-festivals/

Flame 2019 – image ICN / JS

The pandemic has been exceptionally difficult for young people, and I don’t think we’ve seen the full extent of it yet. They continue to live in a rapidly changing culture, surrounded by social media, with significant pressure and uncertainty regarding their upbringing, and I have never seen mental health issues on the scale I see today.

The role that our churches and youth ministries must play in investing in the next generation is important and should not be underestimated. It has been great to see an army of young workers constantly loving and supporting young people over the past couple of years and I have been so encouraged to see many groups of young people rebuilding and coming together in person.

Anyone who meets young people knows that an authentic relationship is absolutely essential – they need a cohesive connection and I think youth groups need to meet more than ever – in their local contexts but also in larger ones too.

In 2021, Dreaming the Impossible was one of the only youth festivals to take place – and God has met hundreds of young people in the most incredible way. It was a huge roller coaster ride of faith to get there, with a lot of uncertainty – surprisingly all restrictions were lifted just in time! We persevered through all the complications to make the event a reality, because we young people needed it, they needed to meet and meet God.

I grew up in a small Anglican church in Cambridgeshire, in a youth group of about 15 young people. When I was 13 we went to Soul Survivor for the first time. While I had grown up in the church and was involved in the church community with my family, nothing really prepared me for what I felt when I first walked into this meeting room. ‘stable. I was surrounded by thousands of other teenagers who were passionate about worshiping God. I saw God act in a way I had never encountered before and had a lot of fun!

Youth festivals are an annual big time for young people and from the age of 13 I went there every year until I was 20 and I was too old !! At what other age can you spend an extended time with your friends and with God at this age? I have built such deep relationships with my peers and youth leaders and looking back these gatherings have been absolutely catalytic for my faith. It was in Soul Survivor, when I was about 14 or 15, that I first felt the feeling that God was calling me to church leadership and giving me a heart for the next generation.

Many people wonder about the return of big events in this post-Covid landscape, wondering if there is value in the big ones. Have the festivals run their course? Does God do something and shake the church to try something else? And I also asked myself these questions but I am convinced of it, the festivals of young people are always as precious as ever. This is where young people are mainly known and trained and we have to keep investing in local youth ministries, but there is something special happening at a youth festival, which cannot be reproduced in a local setting. What happens in just a few days can impact what happens the rest of the year; festivals have a long-term impact. They give young people the opportunity to be completely immersed in community and in the presence of God for an extended period of time.

Whether it’s spending time in meetings meeting God together, in seminars, in cafes, playing sports, in the silent disco or having hot chocolates together – memories are created and relationships speed up. between young people and also with their leaders. I’ve heard many times that you can do a year of youth ministry in a week at a youth festival!

It is also invaluable for young people to come together with thousands of other Christians and those exploring the faith, as it helps them realize that they are part of something bigger. A young person might be part of a group of five young people, feeling like he is the only Christian around because he does not know any at his school or college – but then it comes to something like the DTI and he realizes that there are hundreds, thousands, millions all over the world like them. It is so important for them to know that they are not only part of their tribe, not the Roman Catholic, Baptist, Anglican or Free Church, but that they are part of the family of God, the Church.

It doesn’t matter whether you take a small group of 3-5 young people or a much larger group – when the young people are outside their usual surroundings, immersed in community and the presence of God, listening to relevant talks from the Bible, being prayed for, worshiping together, as well as all the fun, there is something incredibly special about what God is doing at this time. I have seen it in my own life and in hundreds and hundreds of other young people now. I also think we’ve seen it in a generation of people who are now in their twenties and thirties. If you walked into a lot of churches and asked these guys if their faith had been affected by a festival of youth, I would suspect the vast majority of the room would raise their hands.

I know that youth work has been a real challenge for many youth groups and churches during this pandemic and that many young people are less engaged and are struggling spiritually, mentally and emotionally. Youth festivals are so precious, often a mountain-top experience, a place for relationships and accelerated encounters, but we know that festivals alone cannot provide all the support and discipleship that these young people so desperately have. need. It has to be about disciplining these guys on a relationship level for the other 360 days of the year and the role of the local church is vital. Festivals can give young people the tools in their hands to walk with Jesus day in and day out, but it is their young leaders and peers who are essential to walk with them through all the ups and downs. They’re the ones who are there when they’ve had a bad day at school, when their exams have gone bad, when the house is rough, when their grandmother has passed away, whatever – they’ll be there… home. making a presentation, sending an encouraging text, praying with them.

So my challenge to you… even though youth ministry right now is a challenge and we don’t know what the next few months will look like. Even if you are exhausted and some of you may even feel like you have not much left in the tank, continue to love and bring your young people together locally, and try to do whatever it takes. ‘it takes to bring your young people to a youth festival. Next year. It will be worth it, it will be great for your young people and your ministry to young people will be stronger.

Susie is the senior pastor of the Dreaming the Impossible (DTI) youth movement. DTI serves young people from churches and youth organizations around the world and is managed by Vineyard Churches UK & Ireland. She is based in Nottingham in Trent Vineyard, where she is an associate pastor and volunteer youth leader. She loves anything yellow and can almost always be found with sunglasses!

Upcoming youth festivals already planned


From Friday March 18, 2022 5 p.m. to Sunday March 20 2 p.m.
YOUTH 2000
Retreat oneLeeds Trinity University
Three days of fun, fellowship and adoration! The Leeds Retreat is open to anyone between the ages of 16 and 35, whether it’s your first Youth 2000 retreat or your twentieth, this event is for you. For more details see: www.youth2000.org/events

Friday – Saturday 3-4 June
YOUTH 2000 CELEBRATE – GREAT CHURCH DAY
Join over 30,000 people from across the UK and beyond to worship together in the breathtaking setting of Wiston Estate, Sussex, in the company of some of the world’s best Christian music artists. For more details see: www.youth2000.org/events

July 31 – August 7
YOUTH 2000 GOES TO THE YOUTH FESTIVAL OF MEDJUGORIE
This summer we are going back to our roots and joining 50,000 other young Catholics from around the world for a week of celebration, witness, adoration, mass and much more! For more details see: www.youth2000.org/events
30 years ago a group of young adults who attended the Youth Festival felt inspired and started organizing similar retreats in UK as Youth 2000. This year we are delighted to bring back a group of young Catholics in this special place and celebrate our faith with others. of the whole world. For more details see: www.youth2000.org/events

Friday August 26 – Monday August 29, 2022
GREEN BELT FESTIVAL
For more information see: – www.ents24.com/festival/greenbelt-festival-2022/6249172

August 27-30
REJOUISSANCE FESTIVAL
At Ampleforth College.
Holiday weekend filled with fun, friendship, faith and joy.
For more details see: www.youth2000.org/events

Youth events in the Diocese of East Anglia
For more details see: www.rcdea.org.uk/youth/events/

World Youth Day Lisbon 2023 (moved from 2022)
Pope Francis plans to attend. See: https://worldyouthday.com/lisbon-to-host-wyd-2022

For more information on upcoming youth activities, events and festivals
visit the website of the Catholic Youth Ministry: (CYMFED): https://cymfed.org.uk/

Keywords: Youth, Youth Festivals, Susie Aldridge, World Youth Day, Lisbon, Youth 2000, Greenbelt, CYMFED, Flame

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Price Hikes Rather Than Volume Growth Drive Revenue Growth For India Inc: CRISIL https://frankrijkmenu.com/price-hikes-rather-than-volume-growth-drive-revenue-growth-for-india-inc-crisil/ Tue, 11 Jan 2022 11:06:59 +0000 https://frankrijkmenu.com/price-hikes-rather-than-volume-growth-drive-revenue-growth-for-india-inc-crisil/

After 11 quarters, the profit margin before interest, taxes, depreciation and amortization (EBITDA) of Indian companies is expected to decline in the third quarter (Q3). While India Inc. has maintained its revenue momentum, it has been driven by price increases rather than volume growth, according to a research note by rating agency CRISIL.

The report says, “The revenues of companies increase 16-17% to 9.1 lakh crore, driven by soaring commodity prices. While revenue growth is as expected, the underlying reasons have changed over the past three quarters. As volume growth continued to underperform, price increases partially offset. “

Corporate profitability, as defined by EBITDA margin, likely fell 100 to 120 basis points (bps) year-on-year and 70 to 100 bps sequentially in the third quarter ended December 31, 2021, shows the CRISIL analysis of 300 companies, excluding those in financial services. , and the oil and gas sectors.

For the first nine months of this fiscal year, according to the rating agency, the EBITDA margin is up 80-100 basis points year-on-year to 22-24%, thanks to last year’s weak base . EBITDA earnings growth is expected to moderate to 10-12% year on year, compared to a scorching rate of around 47% recorded in the first half of this year – a figure which was also bolstered by the base effect weak, he added.

This is the first decline in 12 quarters and up to 27 of the 40 sectors monitored by CRISIL Research are expected to see their EBITDA margins decline.

Drishti Chugh, Senior Research Analyst at CRISIL Research, says: “In absolute terms, revenues for most industries are now above their pre-pandemic levels, with the exception of airlines and hospitality. But sectors related to consumer discretionary products weighed on overall company revenues, which were likely up 7-9% year-on-year on weaker volume growth. Among other segments, the export-related segments continued to perform well with growth of 15-17% year-on-year, although this did not really help maintain their margins. “

In the automotive sector, the sales volume of commercial vehicles is likely to have increased by 8% year on year, while cars and two-wheelers may have fallen by 9% and 20%, respectively. However, achievements could be higher – at 12% for passenger cars and commercial vehicles, 7% for two-wheelers and 9% for commercial vehicles, over one year – due to price increases and a favorable product mix. This, according to CRISIL, would bring overall automotive segment revenue growth to around 4% in one year.

He said: “Lower-than-expected auto production amid a semiconductor shortage would also be reflected in steel sales volume, which likely fell about 7% in one year.”

Hetal Gandhi, Director of CRISIL Research, says: “Companies have not been able to fully pass on soaring input costs, especially the prices of key metals and energy. Prices for flat steel rose 48% year-on-year in the third quarter, while aluminum was up 41%. The price of Brent crude jumped nearly 79%, while spot gas and coking coal prices exploded nearly 5.4 times and 2.4 times, respectively, year on year.

In the consumer business segment, the major players in Fast Turning Consumer Goods (FMCGs) made price hikes of 6-8% in the first half of this fiscal year, and prices likely remained high even in the past. quarter considered.

According to the rating agency, revenues from export-related sectors such as IT services have likely increased by 18-20% in a year, aided by the growing share of digital transformation and the possible resumption of deferred projects. Revenues for pharmaceutical companies are forecast to increase by 6%, while for manufacturers of ready-made garments and cotton yarns, they are up 30-35% year-on-year against a backdrop of higher exports, he said. he adds.

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Renault Kwid, Triber and Kiger get price revision from January 2022 https://frankrijkmenu.com/renault-kwid-triber-and-kiger-get-price-revision-from-january-2022/ Mon, 10 Jan 2022 14:04:20 +0000 https://frankrijkmenu.com/renault-kwid-triber-and-kiger-get-price-revision-from-january-2022/

– Renault Kiger obtains the highest price increase

– The Renault Triber becomes expensive up to Rs 23,000

Renault India has increased the prices of the Kwid, Kiger and Triber from January 2022. All the models mentioned have undergone a significant price increase and here we show you the new prices per model.

Renault Triber Rear Right Three Quarter

The Renault Kiger is the latest addition to the Renault family. The compact SUV can be fitted with both naturally aspirated 1.0-liter and 1.0-liter turbo-gasoline engines. Variants offered include RXE, RXL, RXT, RXT (O) and RXZ. The ex-showroom prices of the Kiger have been revised from Rs 10,960 to Rs 29,000, depending on the variant.

Renault Triber Three Quarter Front Left

Coming to the Triber MPV, the three-row model comes in four variations – RXE, RXL, RXT, and RXZ. While the base RXE variant costs Rs 15,000, the RXL, RXT and RXZ versions now cost Rs 21,000. Meanwhile, the respective AMT derivatives attract a premium of Rs 23,000.

Renault Triber Three Quarter Front Left

The Kwid sedan is offered with 0.8 and 1.0 liter gasoline engines. While the five-speed manual is standard across the lineup, the 1.0-liter gets an AMT transmission. With the exception of the basic RXE variant which becomes more expensive by Rs 13,000, all other variants receive a price increase of between Rs 10,700 and Rs 16,500.

Recently, Renault India launched the “Workshop on Wheels-Lite” initiative which deploys a mobile two-wheel workshop to perform minor repairs and maintenance. To find out more, click here.

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Incitec Pivot (ASX: IPL) share price rises following $ 142 million acquisition https://frankrijkmenu.com/incitec-pivot-asx-ipl-share-price-rises-following-142-million-acquisition/ Sun, 09 Jan 2022 23:16:15 +0000 https://frankrijkmenu.com/incitec-pivot-asx-ipl-share-price-rises-following-142-million-acquisition/

Image source: Getty Images

the Incitec Pivot Ltd (ASX: IPL) the share price is up Monday morning.

As of this writing, shares of the industrial chemicals company are up 1.5% to $ 3.35.

Why is the Incitec Pivot share price increasing?

Investors raised Incitec Pivot’s share price today after announcing a key acquisition.

According to the statement, the company has reached an agreement to acquire 100% of the shares of Explinvest for 91 million euros (~ A $ 142 million) on a debt-free and cash-free basis. This represents an expected acquisition multiple of 7.8x EBITDA for fiscal 2020.

This investment is expected to be neutral in terms of earnings per share over the first full year of ownership and accretive earnings per share from that point on, once synergies are realized. The acquisition will be financed from the company’s existing cash and debt reserves.

What is Explinvest?

Explinvest is the holding company of the Titanobel Group, which is a leading manufacturer of industrial explosives and supplier of drilling, blasting and technical services based in France.

Management believes the transaction is highly complementary to the existing operations of its Dyno Nobel business. This is because it provides access to new markets where Dyno Nobel can leverage its high-end technology offering through substitution and growth strategies.

He also notes that Titanobel has a strong customer base in the mature and stable European market, with exposure to the quarrying and construction sector, the growing African hard rock sector and the rapidly expanding mining of futures. minerals in the EMEA region.

In addition, Titanobel has a well-established manufacturing base in France, which it believes will be critical to the implementation of the Dyno Nobel strategy in the region.

Incitec Pivot Managing Director and CEO Jeanne Johns said: “The acquisition of Titanobel will fit perfectly into our strategy of expanding our core explosives business, for which we are recognized globally, into new markets. . We are excited about the potential to serve new customers and partners with our market leading technology. “

“The ability to build on Titanobel’s rich history, market position and regional presence is an exciting chapter in our growth journey, and we look forward to welcoming the Titanobel team to IPL. This acquisition once again demonstrates the opportunities we have to develop our two high-quality businesses and position them for the future, ”added Johns.

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Bajaj Chetak EV 2022 edition could have an affordable price https://frankrijkmenu.com/bajaj-chetak-ev-2022-edition-could-have-an-affordable-price/ Sun, 09 Jan 2022 05:45:36 +0000 https://frankrijkmenu.com/bajaj-chetak-ev-2022-edition-could-have-an-affordable-price/

Bajaj Auto, once India’s largest two-wheeler manufacturer, is preparing to launch its all-new, assembled electric model Chetak from its new manufacturing facility by mid-2022. This time around, they are making sure to get the right prize to avoid challenges like those they faced in Bajaj Chetak EV 2021.

For those who missed the action, Bajaj launched his electric scooter and named it Chetak to evoke nostalgia for India’s first indigenous two-wheeler. Due to the high demand, online reservations have been cut off several times. If that wasn’t enough, they raised the prices, much to the chagrin of would-be owners.