Surplus Stock – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ Fri, 24 Jun 2022 09:58:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://coachoutletonlinespick.org/wp-content/uploads/2021/09/coach-oultlet-online-s-pick-icon-150x150.jpg Surplus Stock – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ 32 32 Sunplus Technology Announces Record Date for Cash Dividend Distribution https://coachoutletonlinespick.org/sunplus-technology-announces-record-date-for-cash-dividend-distribution/ Fri, 24 Jun 2022 09:46:12 +0000 https://coachoutletonlinespick.org/sunplus-technology-announces-record-date-for-cash-dividend-distribution/ close Provided by: SUNPLUS TECHNOLOGY CO., LTD. SEQ_NO 1 announcement date 2022/06/24 Announcement time 17:33:31 Matter Sunplus Technology announced the record date for distribution of cash dividends Date of events 2022/06/24 What item it responds to paragraph 14 Statement 1.Date of the resolution by the board of […]]]>







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Provided by: SUNPLUS TECHNOLOGY CO., LTD.

SEQ_NO

1

announcement date

2022/06/24

Announcement time

17:33:31

Matter

 Sunplus Technology announced the record date
for distribution of cash dividends

Date of events

2022/06/24

What item it responds to

paragraph 14

Statement

1.Date of the resolution by the board of directors or shareholders meeting
  or decision by the Company:2022/06/24
2.Type of ex-rights or ex-dividend (please enter: "Ex-rights",
"Ex-dividend", or "Ex-rights and dividend"):Ex-dividend
3.Type and monetary amount of dividend distribution:
Cash distribution from profits (Common shares): NT$1,146,102,164
Cash distribution from capital surplus (Common shares): NT$37,887,675
4.Ex-rights (ex-dividend) trading date:2022/07/14
5.Last date before book closure:2022/07/15
6.Book closure starting date:2022/07/16
7.Book closure ending date:2022/07/20
8.Ex-rights (ex-dividend) record date:2022/07/20
9.Any other matters that need to be specified:cash dividends payment
date:2022/08/10

Disclaimer

Sunplus Technology Company Limited published this content on June 24, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 24, 2022 09:45:04 UTC.

Public now 2022

All news from SUNPLUS TECHNOLOGY COMPANY LIMITED

2022 sales 8,783 million
295 million
295 million
Net income 2022

Net debt 2022

PER 2022 ratio
2022 return
Capitalization 17,271 million
581M
581M
capi. / Sales 2022 1.97x
EV / Sales 2023
# of employees 2,649
Floating 76.7%

Chart SUNPLUS TECHNOLOGY COMPANY LIMITED


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Sunplus Technology Company Limited Technical Analysis Chart |  MarketScreener

Technical Analysis Trends SUNPLUS TECHNOLOGY COMPANY LIMITED

Short term Middle term Long term
Tendencies Bearish Bearish Bearish



Evolution of the income statement

Sale

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Medium consensus HOLD
Number of analysts 1
Last closing price 29.35
Average target price
Average Spread / Target


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Russian ruble firms hit 7-year high after 53 against dollar in Moscow trade https://coachoutletonlinespick.org/russian-ruble-firms-hit-7-year-high-after-53-against-dollar-in-moscow-trade/ Wed, 22 Jun 2022 07:46:00 +0000 https://coachoutletonlinespick.org/russian-ruble-firms-hit-7-year-high-after-53-against-dollar-in-moscow-trade/ Coins of one Russian ruble and one euro are seen in this illustration taken April 6, 2022. REUTERS Join now for FREE unlimited access to Reuters.com Register This content was produced in Russia where the law limits coverage of Russian military operations in Ukraine MOSCOW, June 22 (Reuters) – The ruble hit its highest level […]]]>

Coins of one Russian ruble and one euro are seen in this illustration taken April 6, 2022. REUTERS

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  • This content was produced in Russia where the law limits coverage of Russian military operations in Ukraine

MOSCOW, June 22 (Reuters) – The ruble hit its highest level in seven years against the dollar and the euro on Wednesday, buoyed by capital controls, a favorable upcoming fiscal period and Russia’s trade surplus .

At 07:34 GMT, the ruble was 1.4% stronger against the dollar at 53.07, strengthening earlier to 52.80, its strongest mark since June 2015.

It had gained 1.6% to trade at 55.36 against the euro, its strongest point since May 2015.

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The rouble, which became the the best performing currency in the world this year, is driven by Russia’s high revenue from commodity exports, a sharp drop in imports and a ban on households withdrawing their foreign currency savings.

Top policymakers used Russia’s annual economic forum in St. Petersburg last week to highlight the ruble’s recent strength. It is feared that it will weigh on the economy as it tumbles into recession amid tough sanctions against what Moscow calls a “special military operation” in Ukraine.

The ruble is also supported by companies due to pay taxes early next week. For export-oriented companies, this means converting income from dollars and euros into rubles.

“Factors such as a strong trade balance and the fiscal period are currently working in favor of the ruble,” Otkritie Research said. “That is to say, there is no reason for the ruble to weaken.”

Russian stock indices were mixed, held back in part by oil prices, which fell sharply to a low in more than a month.

Brent crude oil, a global benchmark for Russia’s top export, fell 4.4% to $109.6 a barrel.

Promsvyazbank also said the ruble’s strength was hampering the growth of commodity companies, putting pressure on the overall stock market.

The dollar-denominated RTS index (.IRTS) rose 0.8% to 1,390.4 points, hitting a four-month high earlier, but Russia’s rouble-based MOEX index (.IMOEX) was down. down 0.5% to 2,347.6 points.

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Reuters Editing reporting by Tomasz Janowski

Our standards: The Thomson Reuters Trust Principles.

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The bear market is creating big problems for the State and New York City budgets https://coachoutletonlinespick.org/the-bear-market-is-creating-big-problems-for-the-state-and-new-york-city-budgets/ Mon, 20 Jun 2022 19:25:00 +0000 https://coachoutletonlinespick.org/the-bear-market-is-creating-big-problems-for-the-state-and-new-york-city-budgets/ Wall Street generates an outsized share of New York’s tax revenue, so the recent drop in stock prices should worry both Governor Kathy Hochul and Mayor Eric Adams, even if a recession doesn’t follow soon. The securities industry generates 20% of the city’s total private wages, although it accounts for only 5% of private employment. […]]]>

Wall Street generates an outsized share of New York’s tax revenue, so the recent drop in stock prices should worry both Governor Kathy Hochul and Mayor Eric Adams, even if a recession doesn’t follow soon.

The securities industry generates 20% of the city’s total private wages, although it accounts for only 5% of private employment. In total, one in nine jobs in each category is directly or indirectly associated with Wall Street, the state comptroller estimated.

Last year’s bull market helped fill Albany’s coffers to overflowing with higher taxes on capital gains, investment firm profits and bonuses. But that wave has now receded.

Stock prices have recently fallen well into bearish territory, more than 20% below the high at the start of the year. For now, securities sector earnings remain supported by the volatility fueling trading – but if markets remain down, trading will also dissipate.

The state government has built up a reserve cushion of $9 billion in fiscal year 2022, and Hochul has projected another surplus of $5 billion in fiscal year 2023, which began on May 1. april. But if the bear market is soon followed by a full-scale recession, projected state revenues could easily decline by 20% or more over the next few years. In this case, the State could start draining, and not building up, the reserves as early as next spring.

New York Governor Kathy Hochul has projected a budget surplus of $5 billion for 2023.
Getty Images

Adams has a tougher challenge. Its reserves are smaller than Hochul’s, and there is considerable uncertainty that the city’s economy can fully rebound to pre-pandemic levels. His pension funds assume an annual investment return of 7%, but falling stock prices point to heavy losses for the pension fund’s fiscal year ending June 30, which will add hundreds of millions of dollars to budget variances for the year.

Persistent inflation will also put more direct pressure on other spending categories in the service-intensive city budget – particularly if city unions return to their 1970s and 1980s pattern of pushing for inflation-compensating wage increases, as pointed out by Nicole Gelinas of the Manhattan Institute. these pages.

At the state level, the income tax structure is now flatter than it was in the 1970s, when stagflation led to “bracket” tax hikes. When inflation started to soar in January, the state was already cutting tax rates for middle-income households, which will offset inflation-induced tax hikes in the near future. .

Eric Adams
New York City Mayor Eric Adams faces many doubts about the ability of the city’s economy to rebound to pre-pandemic levels.
Getty Images

A bigger problem: New York State’s budget is more dependent than ever on taxes generated in multimillion-dollar tax brackets, where income tends to be more closely correlated to financial cycles.

More than 70% of net capital gains in New York accrue to residents with incomes of $1 million or more. The share of capital gains in income is larger in New York than in any state, and more disproportionately concentrated among millionaires. These households, in turn, make up most of the state’s top 1% of residents, who now generate well over 40% of total state income taxes.

Tax hikes for the wealthy last year made New York’s combined state and city tax rate the highest in the nation — higher than it’s ever been, considering the change in tax law that made it primarily non-deductible for federal purposes. Yet Hochul’s long-term financial plan implicitly assumes that New York’s top earners will all stay put.

Wall Street
If a recession follows the bear market, New York State revenues could drop 20%.
Getty Images

This is by no means a safe assumption – as illustrated by recently released migration data from the Internal Revenue Service showing a net outflow of 248,387 New York taxpayers and their dependents between 2019 and 2020. Outgoing New Yorkers reported average earnings of $114,360 – up 19% from the previous. average annual income of out-migrants of $96,104, the largest annual increase in this measure since the IRS’ current migration data series began in 2011.

The average income of the 71,845 New Yorkers who traveled to Florida, the second favorite destination for current Empire State residents, was $156,056 – it rose to $728,351 for the 1,893 Manhattan residents who are left for Palm Beach County. By comparison, the average income was $114,025 for New Yorkers heading to New Jersey, the top destination for outbound migrants.

The stock market will recover sooner or later, producing a new generation of successful investors. A top priority for state and city officials should be keeping them in New York.

EJ McMahon is a research associate at the Manhattan Institute and a founding principal investigator of the Empire Center.

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Liberia signs agreement with Senegal to conduct fish stock assessment https://coachoutletonlinespick.org/liberia-signs-agreement-with-senegal-to-conduct-fish-stock-assessment/ Sat, 18 Jun 2022 23:16:11 +0000 https://coachoutletonlinespick.org/liberia-signs-agreement-with-senegal-to-conduct-fish-stock-assessment/ The National Fisheries and Aquaculture Authority (NaFAA) has signed a partnership agreement with the Senegalese Institute for Agricultural Research and the Center for Oceanographic Research (ISRA/CRODT) to carry out a stock assessment of the fishing sector . The fish stock assessment agreement between the two countries was signed this weekend virtually in Dakar and Monrovia […]]]>

The National Fisheries and Aquaculture Authority (NaFAA) has signed a partnership agreement with the Senegalese Institute for Agricultural Research and the Center for Oceanographic Research (ISRA/CRODT) to carry out a stock assessment of the fishing sector .

The fish stock assessment agreement between the two countries was signed this weekend virtually in Dakar and Monrovia respectively.

NaFAA boss Emma Glassco signed on behalf of the Government of Liberia, while ISRA/CRODT Director General Dr. Momar Talla Seck signed on behalf of the Senegalese government.

The objective of conducting a comprehensive stock assessment in the territorial waters of the country is to determine the commercial viability of the fishing sector, to map the fishing zone/hot biodiversity zone in its ocean space and to identify the quantity and commercial value per individual fish specified.

This research activity, sponsored by the World Bank, is to be conducted every two years over five years to sustainably use and manage Liberia’s ocean resources in line with United Nations Sustainable Development Goal 14 (UN SDG 14) .

The scientific information gathered from this research will help inform the Fisheries Department’s decision to reopen a viable commercial fishing sector towards economic growth for the country to attract new private sector investment, both domestic and international.

Some investment opportunities will include the establishment of fish canneries, fish processors, seafood processing and canning, massive export of unique species and excess availability of fresh fish in the local market , among others.

NaFAA Glassco said, “This cooperation relates to the bilateral cooperation between Liberia and Senegal signed in 2019 and is in accordance with the provision of the Memorandum of Understanding.”

Ms. Glassco noted that Article 15 of the protocol states that “all parties shall conduct a program of scientific research, deepen their relations at their national research institutions and establish scientific cooperation protocols to support them in their operating policy”. and sustainable management of marine resources”.

The operations of the Senegalese scientific research vessel will soon begin in early July 2022 to conduct the studies in the territorial waters of Liberia.

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Yes, crypto is crashing again. Blockchain will survive. https://coachoutletonlinespick.org/yes-crypto-is-crashing-again-blockchain-will-survive/ Fri, 17 Jun 2022 05:23:48 +0000 https://coachoutletonlinespick.org/yes-crypto-is-crashing-again-blockchain-will-survive/ This week, the crypto market fell for the second time in a month, alongside a sharp decline in global stock markets. The collapse, which is not the first of its kind, showed again how violent fluctuations in a largely unregulated market distort the development of transformative technology. But crypto is just one aspect of the […]]]>

This week, the crypto market fell for the second time in a month, alongside a sharp decline in global stock markets. The collapse, which is not the first of its kind, showed again how violent fluctuations in a largely unregulated market distort the development of transformative technology. But crypto is just one aspect of the larger blockchain universe. Its skeptics and fans must learn to see it as a technological experiment, instead of just a blatant scam or a speculative path to riches.

Why did the market crash so dramatically?

The first recent crash, when the cryptocurrency market plunged 36% in a week in May, offers a clue. The collapse was largely triggered by the death spiral of a cryptocurrency system called Terra Luna, which consists of the Luna coin and its associated stablecoin, TerraUSD. At its dizzying heights in the spring, it represented around 3% of the total crypto market. Fear spread through the exchanges, and with it came panic selling.

After the second crash this week, the cryptocurrency market is still worth nearly $1 trillion in total (about a third of last November’s peak). Only a few of the 19,000 cryptocurrencies created since 2009 are now worth billions. Most have failed. The crypto market is extremely volatile not because of the underlying cryptocurrency technology, but because of the tight and often dangerously unstable junction between emerging technologies and ordinary money. From the perspective of the market’s long-term history, this instability is not new at all.

In the late 1990s and early 2000s, internet stocks were a race on foot, just like crypto is now. Back then, too, peddling was rampant, the atmosphere was like that of a casino, and almost any idea preceded by an “e” – no matter how reckless or silly – attracted the attention of investors and investors. media. Seemingly every day, fortunes were being made and lost in spectacular fashion.

But even as Napster, Webvan and eToys died out, a revolution was underway. Despite all the shenanigans going on in the casino, real and lasting businesses, publications and communities have been created and have thrived online. The internet has survived, more or less.

Terraform Labs, the company behind TerraUSD and Luna, was founded in 2018 by Do Kwon, a computer scientist and entrepreneur in South Korea. Mr Kwon, now 30, is a notoriously brazen hustler who has made waves for calling his critics ‘poor’ and ‘cockroaches’. But despite his lack of polish and early warnings from developers and analysts about technical weaknesses in his plans, he managed to raise $200 million in venture capital from 2018 to 2021. His company boasted that it had reached a elusive goal in crypto, namely, the establishment of a truly “decentralized” stablecoin.

Stablecoins, which serve as a sort of bridge between crypto and regular money, have until now required large amounts of old-fashioned real-world collateral to operate, contrary to the crypto’s original goal of eliminate dependence on legacy financial systems. Terra Luna was an algorithmic stablecoin system in which “stability” was supposed to be guaranteed by mathematical mechanisms and incentives. Like those early high-flying internet stocks, these also proved vulnerable when trust failed.

In the 2000s, the alchemists of secured debt turned junk securities into AAA gold through the mathematical magic of “bundling”. The murky math behind algorithmic stablecoin systems like Terra Luna gave off the same captivating and mysterious vibe. But as more and more borrowers defaulted, collateral bonds and other exotic derivatives – what Warren Buffett once called “the financial weapons of mass destruction” – collapsed, contributing to the 2008 global financial crisis. Echoes of the destructive power of derivatives can be heard in the story of the equally exotic Terra Luna.

Such a risk can only go unnoticed for some time. The sad thing is that when risk suddenly becomes apparent, it takes real people’s money and often good promising projects with it. Or even entire economies: losses in the 2008 crash were estimated at over $10 trillion in the US alone, a sum that dwarfs the most destructive swings in crypto to date.

As Terra Luna’s death spiral accelerated, its followers, known as “Lunatics”, wavered between terror and hope as Mr Kwon funneled more than $1 billion in Bitcoin into the system in an attempt to restore stability. “Deploy more capital – stable guys,” he tweeted.

But in the end, there wasn’t enough money coming in to offset the outflow, just like in an ordinary bank run, and this particular experiment in replacing trust with math was coming to an end. Among the thousands of failed crypto experiments, Terra Luna stands out as one of the largest, taking with it around $60 billion in total market value.

Vehement opponents of crypto were quick to celebrate the death of the blockchain, insisting that all crypto is fraudulent. These critics are a mirror image of the equally unrealistic cheerleaders at the opposite end of the spectrum: the pro-crypto libertarians who demand a financial world without any regulation.

Responsible crypto market players have been calling for and helping to develop sensible regulatory frameworks for many years. A foundation of cryptographic regulations already exists; In the United States, federal agencies such as the Financial Crimes Enforcement Network, the Securities and Exchange Commission and the Commodity Futures Trading Commission began weighing in on separate aspects of trade and taxation in 2013. In October, the Department of Justice announced the formation of the National Cryptocurrency Enforcement Team. The list of crypto scammers who have gone to jail already far exceeds the number of bankers imprisoned in the United States for their role in the 2008 financial crisis.

In the early days of the internet, the circus atmosphere made it easy to ignore the dangers that were brewing – surveillance capitalism and illegal government espionage among them – and that would have serious global consequences. Over time, regulations have been put in place: privacy frameworks, such as certain provisions of the Gramm-Leach-Bliley Act of 1999 in the United States and the General Data Protection Regulation of 2016 in Europe, and speech protections like Section 230 of the Communications Decency Act.

At the same time, the marvels of the Internet have multiplied, magic that now seems commonplace: a map of the world, street by street, in your pocket; instant translations from almost any language; a research service for each branch of knowledge; near-instant world news. Today’s Internet is deeply embedded in the world’s economies, media, politics, industry and social life, in good and bad ways.

A similar development is underway for crypto. Blockchain, the technology that makes cryptocurrency possible, has the potential to be just as transformative as the internet innovations we depend on every day, and industries like supply chain management, finance and pharma. have already begun to find uses for it.

It is possible to imagine a future where you could seek the fate of every tax dollar you paid, and government corruption becomes virtually impossible; where beautiful and important stories, music, games and art would never disappear from the internet; where, instead of being forced to depend on a big power company, you could buy and sell excess solar power from or to your own neighbors, and never face another outage. Wherever independent and tamper-proof record keeping is needed, blockchain could keep all receipts available and safe for all to see.

But to make a world like this possible, crypto must be responsibly integrated into the existing global economy. Regulators, media and market players must be on the same page to balance the benefits of innovation against the need to prevent harm, and naked greed must be harshly reprimanded, not encouraged.

For many, the possibility of huge profits is the most exciting thing about crypto – it’s a gold rush in which anyone can suddenly become rich beyond their dreams. But the unfortunate get-rich-quick mentality that has too long been associated with entrepreneurship, in crypto and elsewhere, must end.

After all, just as most people keep working whether the stock market is booming or crashing, the practical, real work of developing blockchain technology will continue, regardless of market histrionics.

The New York Times

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First Helium receives $1.2 million for oil production deliveries in April https://coachoutletonlinespick.org/first-helium-receives-1-2-million-for-oil-production-deliveries-in-april/ Mon, 13 Jun 2022 13:01:31 +0000 https://coachoutletonlinespick.org/first-helium-receives-1-2-million-for-oil-production-deliveries-in-april/ TSXV: HELI OTCQB: FHELF FRA: 2MC Reports average daily oil production of 520 BBL/D over past five days CALGARY, Alta., June 13, 2022 /CNW/ – Premier Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it has received $1.2 million for the volumes of light oil that the […]]]>

TSXV: HELI OTCQB: FHELF FRA: 2MC

Reports average daily oil production of 520 BBL/D over past five days

CALGARY, Alta., June 13, 2022 /CNW/ – Premier Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it has received $1.2 million for the volumes of light oil that the Company delivered for sale during the month of April. Cash flow from light oil sales will continue to be deployed to help fund the company’s ongoing helium exploration and development activities at its wholly-owned Worsley property and in the south Alberta Lands (Lethbridge).

During the month of May, the Company produced approximately 272 barrels per day (“bbl/d”) and delivered approximately 8,200 barrels of light oil for sale, down from previous months and from planned production capacity . The lower volume is the result of downtime related to a number of seasonal factors, including: severe rainy regional weather at the Company’s petroleum battery location, road use restrictions and the limited access due to overland flooding. During the downtime, the Company took the opportunity to fulfill certain regulatory testing and reporting requirements and to optimize its oil battery operations. At the end of June, the Company expects to receive approximately $700,000 for oil volumes delivered in May.

“While periods of combined precipitation and spring runoff limited our ability to produce and transport oil volumes at normal capacity in late April and May, we are pleased to have been able to use the unplanned downtime to optimize the configuration of both – oil the battery well and perform some operations necessary to meet regulatory reporting requirements,” said Ed BereznickiPresident and CEO of First helium. “We are also pleased to report that our two-well battery has returned to routine operation with daily production volumes averaging approximately 520 bbl/d of light oil over the past five days and that we have taken corrective actions to help mitigate future production time associated with limited road access to the battery,” added Mr. Bereznicki.

The Company is finalizing the necessary preparations to begin drilling the first of its two recently announced helium targets in July, subject to satisfactory weather conditions in the field. Similar to the Company’s helium 15-25 discovery well, which includes associated volumes of natural gas and natural gas liquids, First helium intends to commercialize all associated excess hydrocarbon volumes included in any new helium discovery wells in order to take advantage of the current strong natural gas and liquids price outlook, and to maximize cash flow to support future growth. First helium 79,000 acres along Worsley Trend hold great promise for helium and natural gas. Historical exploration and development drilling on the trend has encountered rich helium concentrations ranging from 0.5% to 1.9% in a number of formations.

ON FIRST HELIUM

Led by a team of senior executives with diverse and extensive experience in oil and gas exploration and development, mining, finance and capital markets, First helium aims to be one of the leading independent helium gas suppliers in North America.

Building on its successful helium 15-25 discovery well at the Worsley project, the Company has identified numerous follow-on drilling locations and acquired an extensive infrastructure system to facilitate future helium exploration and development across its Worsley land base. Cash flow from its successful oil wells to Worsley will help support First helium ongoing growth strategy for helium exploration and development.

First helium holds over 79,000 acres along the highly prospective Worsley Trend in Northern Alberta, and 276,000 acres in the Southern Alberta Helium Channel, near existing helium production. In addition to continuing its ongoing exploration and development drilling at Worsleythe Company has identified a number of high impact helium exploration targets on the prospective lands of the Southern Alberta Helium Fairway to create a second core exploration growth area for the Company.

For more information about the company, please visit www.firsthelium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Edward J. BereznickiPresident, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING AND CAUTIONARY STATEMENTS

This press release contains certain statements or disclosures relating to First helium which are based on the expectations of its management as well as on the assumptions made and the information currently available to First helium that may constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, results, results or developments which First helium predicts or expects to occur or will occur in the future (in whole or in part) should be considered a forward-looking statement. In some cases, forward-looking statements can be identified by the use of the words “expects”, “will” and similar expressions. In particular, but without limiting the foregoing, this press release contains forward-looking statements regarding the timing and rate of production from discovery wells 4-29 and 1-30, respectively; expected cash flows; entering into off-take marketing arrangements; the use of funds and the Company’s strategy. The forward-looking statements contained in this press release reflect several important factors and expectations and assumptions of First helium including, without limitation: that First helium will continue to conduct its operations in a manner consistent with past operations; the general continuation of current or, as the case may be, presumed industry conditions; availability of sources of debt and/or equity to finance First helium capital and operating requirements, as required; and certain cost assumptions.

Forward-looking statements are based on management’s estimates and opinions as of the date they are made and are subject to risks, uncertainties and assumptions, including those set forth in the final prospectus dated June 28, 2021 and filed under the Company’s profile on SEDAR at www.sedar.com. Readers are cautioned that actual results may differ materially from the forward-looking statements made in this press release. Risks that could cause actual events or results to differ materially from those projected in the forward-looking statements include, but are not limited to, risks associated with the oil and gas industry; the ability to First helium finance capital and operating expenditures necessary to achieve its business objectives; the impact of the COVID-19 pandemic on the business and operations of First helium; the state of financial markets; increased costs and physical risks associated with climate change; the loss of key employees and the risks described in the Final Prospectus dated June 28, 2021. First helium does not undertake to update any forward-looking statements, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

THE SOURCE Premier Helium Inc.

© Canada Newswire, source Canada Newswire English

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Sensex slips on 700 points; 6 Key Factors Behind Today’s Stock Market Drop https://coachoutletonlinespick.org/sensex-slips-on-700-points-6-key-factors-behind-todays-stock-market-drop/ Fri, 10 Jun 2022 04:55:13 +0000 https://coachoutletonlinespick.org/sensex-slips-on-700-points-6-key-factors-behind-todays-stock-market-drop/ Benchmark BSE Sensex and NSE Nifty stock indices fell more than 1% in early trading on Friday following weak global signals. The 30-stock Sensex traded over 700 points at 54576 around 9:38 am (IST). In contrast, the 50-stock Nifty Index fell 214 points to 16,263 around the same time. The market watcher believes soaring inflation, […]]]>

Benchmark BSE Sensex and NSE Nifty stock indices fell more than 1% in early trading on Friday following weak global signals. The 30-stock Sensex traded over 700 points at 54576 around 9:38 am (IST). In contrast, the 50-stock Nifty Index fell 214 points to 16,263 around the same time. The market watcher believes soaring inflation, recession fears and the prospect of an increasingly hawkish Federal Reserve are making investors nervous around the world.

As many as 26 stocks in the Sensex pack traded in the red at the start of the trade. With a 3.53% drop, Wipro became the biggest loser of the bunch. It was followed by Bajaj Finance (down 3.29%), Tata Steel (down 2.75%) and Kotak Mahindra Bank (down 2.84%). Tech Mahindra, HDFC, Infosys and Bajaj Finserv also fell between 1.50% and 2.50%.

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said: “The strengthening in the US 10-year bond yield to 3.05% can be interpreted as a market update on worse-than-expected inflation data at United States Friday. If the inflation data turns out to be worse than expected, stock markets will turn bearish. If not, the markets will begin to rebound next week. »

Here’s a look at the factors that drove the benchmarks in trading today.

Weak global indices: U.S. markets ended lower on Thursday as investors expected incoming data to show continued high levels of consumer prices in May. Asian markets traded mostly in the red on Friday after the ECB’s rate hike forecast confused investors awaiting key inflation data from the United States.

Ongoing Inflation Problems: Traders will be concerned by reports that Foreign Minister S Jaishankar has said that the Russian-Ukrainian war has caused a fuel, food and fertilizer crisis which will lead to famine situations and impact very significant inflationary. Currently, retail inflation is at its highest level in 95 months due to soaring prices in all major commodity groups.

Widen the current account deficit? Sentiment also took a hit with India Ratings’ report suggesting the country’s current account deficit is set to hit a three-year high of 1.8% or $43.81 billion in FY22. against a surplus of 0.9% or $23.91 billion in FY21.

Sale by FII: Foreign institutional investors (FIIs) continued to be net sellers in the domestic stock market, unloading Rs 2,407 crore from shares on Thursday. Overall, they sold shares worth Rs 1.80 lakh crore on an annual basis in 2022.

Rupee drop: The rupee depreciated 8 paise to a record low of 77.82 against the US dollar when trading opened on Friday, following the strength of the greenback in the overseas market.

Jateen Trivedi, VP Research Analyst, LKP Securities said, “WTI crude above $120 a barrel is now a concern for all markets and nations, especially those that are net importers like India. Crude prices above $125 a barrel will disrupt major markets and volatility will increase along with outflows from domestic markets, hence the pressure on the rupiah which will increase if crude begins to trade and settle at the above $125 a barrel. The rupee can be seen in a range of 77.55-77.95 until then.”

Covid cases: Adding to the pessimism, India’s daily Covid-19 cases rose further, with government data released on Thursday showing daily cases rose by 7,240 in the past 24 hours, the highest since March 2.

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High prices and low inventory, a new normal for car buyers https://coachoutletonlinespick.org/high-prices-and-low-inventory-a-new-normal-for-car-buyers/ Wed, 08 Jun 2022 13:49:50 +0000 https://coachoutletonlinespick.org/high-prices-and-low-inventory-a-new-normal-for-car-buyers/ June 08, 2022, 1:49 p.m.Updated 5 m ago By: Edmunds Buying a new or used car over the past two years has become a more difficult undertaking. Due to the COVID-19 pandemic and its aftermath, we have faced factory shutdowns, supply chain issues, a global shortage of semiconductor chips, vehicle shortages, price increases on dealer […]]]>

Buying a new or used car over the past two years has become a more difficult undertaking. Due to the COVID-19 pandemic and its aftermath, we have faced factory shutdowns, supply chain issues, a global shortage of semiconductor chips, vehicle shortages, price increases on dealer lots and fewer discounts. Add to that exorbitant fuel prices and rising interest rates, and it’s enough to make people raise their hands in resignation.

“Consumers who need a new vehicle this summer need to break old habits and relearn how to navigate smart in today’s market,” said Ivan Drury, senior knowledge manager at Edmunds. “You can’t just walk into the dealership hoping to find deals, incentives, or even the vehicle you want.”

With that in mind, here are some issues you need to know about today’s car-buying climate, along with some tips on how to better manage them.

WAITING FOR IT MAY BE HARDER THAN EXPECTED

Many people who were hesitant about buying a new car probably decided to wait out the chip shortage. In a recent interview, however, Intel CEO Pat Gelsinger said he expects the chip shortage to persist well into 2024.

Part of the problem is that building new semiconductor factories is a complicated and expensive process that takes years. Another problem is somewhat of a Catch-22: there is a shortage of chip-making machines and they themselves also need chips to work. Additionally, the lead time for these machines can be around two to three years before they are operational.

Tip: If you choose to wait, make sure your vehicle is capable of lasting at least a few years. Now is the time to fix any lingering issues or give it some much-needed maintenance.

PAY THE PRICE OF THE STICKER, OR MORE

The good old days of deep rebates or cash bonuses from manufacturers are long gone. You are much more likely to come across vehicles with markups or “market adjustments” than vehicles with a discount. We’ve seen markups as low as $1,000 and over $50,000 for high-end luxury vehicles.

You will also find vehicles with many dealer-installed accessories that can add thousands to the price of a car. Customers don’t carry much weight in negotiations these days, and if you’re not willing to pay the asking price, chances are someone else will.

Tip: It may take a little time to research, but there are a number of dealerships that choose not to add markups. They usually advertise it on their website or you can call ahead to ask. If you have to deal with a markup, be aware that the dealer is sometimes ready to negotiate on this amount.

THE SELECTION MAY REMAIN LIMITED

“As inventory numbers will eventually normalize, consumers should probably get used to the idea of ​​ordering their vehicle rather than being presented with a surplus of choice at a dealership,” said Jessica Caldwell, executive director knowledge of Edmunds.

Caldwell says it’s likely automakers will be more conservative with their production numbers going forward and try to shift some of their sales to build-to-order.

Tip: Those set on a certain color or combination of hard-to-find options are better off ordering the vehicle. Patience is required, as a specially ordered car can take several months to arrive. If you need a new car in a shorter time, you’ll need to be flexible about colors, options, or even the model itself. This is the best way to increase the number of vehicles in stock that you can choose from.

LOANS WILL BE MORE EXPENSIVE

In May, the Federal Reserve announced that it had raised interest rates by half a percentage point, the biggest increase in more than 20 years. Data from Edmunds shows that the average annual percentage rate, or APR, for new vehicles financed in April was 4.7%. Used cars tend to have higher rates, and in April the average used car loan APR was 8%. That’s not much higher than a year ago, but the Fed has signaled it plans to raise rates a few more times in 2022.

Point: If your credit isn’t the best and you’re shopping for a used car, be sure to check with different lenders before purchase to get the best rate. Look for Certified Pre-Owned vehicles instead. They cost more than the average used car, but they’re more likely to have promotional interest rates below the average APR. Plus, they come with the peace of mind of an extra warranty.

EDMUNDS SAYS: Buying a car today can seem daunting, but if you temper your expectations, shop at reputable dealerships, and plan to order your vehicle if possible, you’ll be ahead of the game.

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This story was provided to The Associated Press by automotive website Edmunds. Ronald Montoya is Consumer Advice Editor at Edmunds.

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Why does India face a recurring power shortage despite having sufficient coal stock? https://coachoutletonlinespick.org/why-does-india-face-a-recurring-power-shortage-despite-having-sufficient-coal-stock/ Wed, 01 Jun 2022 01:30:00 +0000 https://coachoutletonlinespick.org/why-does-india-face-a-recurring-power-shortage-despite-having-sufficient-coal-stock/ India has the fourth largest coal reserves in the world. It is the second largest producer of fossil fuels behind China and home to the world’s largest coal miner, Coal India, which accounts for 80% of the country’s domestic production. The exploitable capacity of the coal blocks already allocated is […]]]>


India has the fourth largest coal reserves in the world. It is the second largest producer of fossil fuels behind China and home to the world’s largest coal miner, Coal India, which accounts for 80% of the country’s domestic production.


The exploitable capacity of the coal blocks already allocated is about 15 to 20% higher than the demand expected in 2030.





So why, year after year, India’s power plants face coal shortages that lead to widespread blackouts, leaving parts of the country in the dark and industries in limbo. There are several factors.


India has a long-standing policy of minimizing coal imports. In February 2020, Coal Minister Pralhad Joshi said the country would stop importing thermal coal from 2023-24.


Joshi had said the coal ministry would coordinate with the railways and shipping ministry and allow Coal India, captive and commercial miners to evacuate more coal by 2030.


But despite efforts to increase domestic coal supply, there was a gap between coal demand and supply. And the coal stocks of the power stations are depleting at a worrying rate. Today, the Department of Energy blames falling coal imports for the current crisis. In 2018-19, 21.4 million tonnes of coal were imported for blending, 23.8 million tonnes in 2019-20 and in 2021-22 it fell to 8.3 million tonnes.


Coal inventories at power plants have fallen about 13% since April to the lowest pre-summer levels in years. And for the first time since 2015, Coal India will import the fuel for use by public and private power generation companies.


The Department of Energy said the decision was made after nearly every state suggested multiple state bidding for coal imports would lead to confusion and sought centralized supply through Coal. India.


The Center has had to face a setback from the States, because imported coal is five times more expensive than that extracted at the national level.


Recently, the government has also stepped up pressure on utilities to increase imports to mix with local coal.


He even warned of cuts in the supply of coal mined in the country if power plants did not build up coal stocks through imports. But the Department of Energy asked states on Saturday to suspend “ongoing” tenders.


Despite record production, Coal India’s supply was unable to meet demand.


In April 2022, the company recorded a growth of 27.64% producing 53.47 million tons.


Former Coal Secretary Anil Swarup told the Washington Post that Coal India’s production had stagnated over the past few years due to the government’s inability to appoint senior executives and fund the expansion of the facility. mining.


Shreya Jai ​​from Trade standard dots amismatch between the Ministries of Coal, Electricity and Railways. central units did not stock up when Coal India had a surplus of coal. Imported coal-fired power stations have not been in operation for several years. The pressure of coal mining and supply rests solely with Coal India.


Coal India’s production has grown more slowly than captive mines, awarded over the past six years. During the 2020-2022 period, production from captive mines jumped 38.5% while CIL saw a timid growth of 3.4%, according to government data.


These captive mines have been awarded to private companies and utilities for the past five years after the Supreme Court in 2014 removed all coal block allocations made over the past two decades.


Last year, three coal auction rounds took place after a two-year hiatus and nine blocks were successfully awarded


In September 2021, the Union Coal Ministry issued a stern warning to owners of captive coal blocks, saying their mines would have to increase production or face regulation of CIL’s coal supply.


The ministry observed that production from these mines was below target.


Of the 43 operating coal mines assigned to private companies in the electricity, steel and metals sectors, not one is meeting its annual production target.


On May 6, Coal India announced that it would offer its 20 closed and abandoned underground coal mines to the private sector to reopen and bring into production on a revenue-sharing model.


Shreya Jai ​​said the current electrical supply chain seems unprepared to handle the period of strong growth, state discoms are unable to afford gencos, but eThe electricity supply chain needs to be fixed starting with state discoms, she said.


Meanwhile, the railroads are struggling to balance the thermal power industry’s demands for faster coal supply with the demands of other industries. He must keep the rakes ready to meet growing demand for just about every other bulk product, from cement and steel to sand and food grain.


Discom’s strained balance sheets have consistently triggered late payments to power producers, often affecting cash flow and discouraging new investment in the power generation sector.


For the second time in two years, the Union Department of Energy has notified a scheme allowing discoms to defer their dues to power generation companies. As discom dues hit a record 1 trillion rupees, the ministry has come up with a plan to liquidate discom dues in 48 monthly instalments.


Strengthening the power sector value chain will ensure the long-term resolution of the mismatch between coal supply and demand.

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LIC Q4 net profit drops 18% to Rs 2,372 cr, company declares dividend of Rs 1.5 https://coachoutletonlinespick.org/lic-q4-net-profit-drops-18-to-rs-2372-cr-company-declares-dividend-of-rs-1-5/ Mon, 30 May 2022 13:35:00 +0000 https://coachoutletonlinespick.org/lic-q4-net-profit-drops-18-to-rs-2372-cr-company-declares-dividend-of-rs-1-5/ Insurance giant Life Insurance Corporation of India (LIC) reported an 18% drop in standalone net profit in the FY22 January-March quarter on Monday. The insurance giant’s net profit s amounted to Rs 2,372 crore in Q4FY22 from Rs 2,893.48 crore a year ago. However, the company’s net profit for the full year (FY22) […]]]>

Insurance giant Life Insurance Corporation of India (LIC) reported an 18% drop in standalone net profit in the FY22 January-March quarter on Monday. The insurance giant’s net profit s amounted to Rs 2,372 crore in Q4FY22 from Rs 2,893.48 crore a year ago. However, the company’s net profit for the full year (FY22) increased by 39.4% to Rs 4,043.12 crore from Rs 2,900.56 crore during FY21.

These are the first quarterly financial results reported by the insurer after its IPO earlier this month. The insurer’s board has also recommended a dividend of Rs 1.50 per share with a par value of Rs 10 each for the financial year ending March 31, 2022, which is subject to shareholder approval at of the annual general meeting.



On a consolidated basis, the insurer’s net profit declined by 17% year-on-year (YoY) to Rs 2,409 in Q4FY22 from Rs 2,917 crore a year ago.

LIC had a single “life fund” before Section 24 of the LIC Act was amended by the government to bring its surplus distribution mechanism to the same level as private life insurers. Now, the life insurance fund is divided into two funds: the participating policyholders’ fund and the non-participating policyholders’ fund. As a result, the distribution of surplus in the participating policyholders fund has been changed to 90:10 on a phased basis, where 90% will go to policyholders and 10% to shareholders. In addition, 100 percent of the surplus generated by the non-participating business will be available for distribution to all shareholders.

This change, said Mr. Kumar, Chairman of LIC, will help LIC increase its profitability, a move that will be closely watched by market investors. “If you look at the distribution of surpluses or the total surplus generated two years ago at around Rs 53,000 crore, 5% went to the government, the rest to policyholders. This will become 90:10. On the other hand, if we sell more products with no face value, it will be 100:0. If we look at 100:0 from this perspective, let’s say out of the Rs 53,000 crore, 20% comes from non-par, then all of that part is profit. We have to go towards that. We have products with no face value, but maybe the percentage is low. Once we start growing that base, profits will come,” Kumar said in an interview with Business Standard earlier this month.

The life insurance giant earned a net premium of Rs 1.43 trillion in Q4FY22, up 18% from Rs 1.21 trillion in the corresponding period a year ago. In FY22, the insurer’s net premium was Rs 4.27 trillion, up 6.21% from FY21’s Rs 4.02 trillion. Investment income of LIC, which is one of the largest asset managers, was stable at Rs 67,498.15 crore in Q4FY22 and for the full year, it earned Rs 2.92 trillion from its investments, up 5% year-on-year.

“The figures for the quarter ended March 31, 2022 and the corresponding quarter ended the previous year, as reported in these financial results, are the balance figures between the audited figures for the full financial year and the audited/unaudited annual figures. audited published to date. the end of the third quarter of the relevant financial year,” LIC said in a stock exchange filing.

The insurer’s gross non-performing asset (NPA) ratio in its debt portfolio improved 29 basis points sequentially to 6.03% and net NPA was 0.04%.

The insurer’s thirteen-month persistence rate fell to 69.24% in Q4FY22 from 73.94% in the corresponding period a year ago. But the persistence rate at month 61 improved to 55.62% in the March quarter from 54.43% a year ago. For the full year, LIC month 13 persistence was 75.59% compared to 78.78% in FY21. in FY22 was 61% compared to 58.79% in FY21.

The persistence ratio is the ratio of life insurance policies receiving one-time premiums during the year to the number of net active policies. The ratio indicates how many policyholders regularly pay the premiums due on the policies with the insurer.

LIC reported a solvency ratio of 1.85 compared to the regulatory requirement of 1.50.

LIC shares made their quiet debut on the stock market earlier this month. It debuted on BSE at Rs 875.45 apiece against the issue price of Rs 949. LIC’s Rs 20,557 crore IPO, India’s largest ever, failed to collect only 2.95 times the subscription. Institutional investors subscribed for shares worth less than Rs 9,400 crore in the IPO, with foreign portfolio investors (REITs) submitting offers worth less than Rs 1,800 crore.

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