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. Rupert Hargreaves | Tuesday, 4th February, 2020 | More on: ADM 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. Why I’ve invested £5k in this high-dividend-yielding FTSE 100 stock Rupert Hargreaves owns shares in Admiral Group. The Motley Fool UK has recommended Admiral 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. Enter Your Email Address Simply click below to discover how you can take advantage of this. Image source: Getty Images There are currently 25 stocks in the FTSE 100 that support dividend yields of more than 5%. However, there’s more to picking dividend stocks than just choosing the ones with the highest yields. We need to be sure these companies can maintain their dividend commitments.A sudden dividend cut can lead to a sharp decline in the share price, which can destroy the wealth created by years of income payments in just a few seconds. As such, sticking with high-quality dividend stocks is essential if you’re looking to build a sizable nest egg in the long run.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…Market leaderOne of the best income stocks in the FTSE 100 today is Admiral (LSE: ADM). The insurance giant has been one of the UK’s largest sector organisations for decades. During this period, the company has accumulated an enormous amount of data, which it uses to price risks correctly and make an attractive return on its insurance contracts.The company has recently been using this experience to expand into other markets. It’s grown its home and travel insurance divisions as well as developing a handful of overseas operations. Indeed, the company has branched out into the US auto insurance market and Italian, Spanish and French markets.This international business has been loss-making for the past few years, but in the next year or two, it looks as if this is going to start contributing to the bottom line.Management is also using Admiral’s knowledge and data trove to develop a personal loans arm. Once again, this business is still in its infancy, but it’s growing fast. If Admiral can replicate its insurance market success in the loans sector, this division could become a significant contributor to the bottom line over the long term.Dividend growthAll of the above seems to suggest the company’s dividend has a bright future. Over the past decade, Admiral has paid out around 100% of its earnings every year to investors via dividends. The company can do this because it reinsures most of its risks. As a result, the firm doesn’t have to hold as much capital as its peers. That’s good news from an income perspective.The annual dividend yield is a combination of regular and special distributions, which gives management some flexibility when it comes to setting the level of the payout. The company can pay out as much or as little as it wants without having to cut the regular dividend, which the market can interpret as a sign of distress.At the time of writing, the stock supports a dividend yield of 5.4%. Also, the shares are dealing at a price-to-earnings (P/E) ratio of 18.1. That appears high compared to the market average of 13.1.However, considering Admiral’s competitive advantages, international expansion, and dividend history, the stock seems to deserve this premium valuation. See all posts by Rupert Hargreaves “This Stock Could Be Like Buying Amazon in 1997”
I hope I’ll never again see a pandemic in my lifetime like this one. And, in that sense, the effect Covid-19 is having on the economy and the stock market could be a once-in-a-lifetime event.An opportunity to buy cheap sharesIt could also be a once-in-a-lifetime chance to buy cheap shares. Indeed, rarely do circumstances conspire to crush sectors of the economy like they are right now. And there could be an opportunity to buy cheap shares of fallen stock-market-listed businesses. Given time, those shares may go on to recover as the underlying business operations turn around and prosper in a new era of economic prosperity ahead.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…And, never has share trading been as accessible to everyone as it is now. Online share dealing accounts have revolutionised the process of investing over the past couple of decades or so. The ability to research companies and read financial releases is as easy as clicking a mouse. And the transaction costs involved in buying and selling shares have plummeted as the new technology gained traction.Meanwhile, the coronavirus lockdowns have produced some benefits for people along with the negatives. Indeed, with vast swathes of the economy closed down in the first lockdown in England, the Office for National Statistics (ONS) estimated that more than one-fifth of usual household spending wasn’t possible. The outcome from that situation is that personal savings have shot up because many people have continued to earn.Now we face lockdown number two. And I can only imagine that personal savings will receive another boost. But there’s an obvious dilemma in that situation – cash savings interest rates are on the floor. In fact, interest rates are so low that it’s probably another once-in-lifetime situation. At least I hope it is.Compounding wealth with investmentsIndeed, if we leave cash to erode in a savings account paying pitiful rates of interest, the spending power of the money will likely fall behind the rate of general inflation. So, there’s a strong incentive to do something else with the money.And, for me, the solution is to invest in shares for the long term. And I’m doing that because behind every stock is a business capable of generating value. Indeed, a business can increase its profits, expand its operations, add to its assets, increase its selling prices to counter inflation, and pay me a shareholder dividend. In other words, unlike cash savings, I think shares can be a good store of value capable of paying me an inflation-busting return over time.If I plough all my dividends and other gains from shares back in, I’ll be compounding my returns. And the process of compounding is key to building wealth. Indeed, over time, compounded returns can grow exponentially. And I believe if I choose my investments carefully, it’s possible for me to become rich by owning shares. Kevin Godbold has no position in any share 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. Simply click below to discover how you can take advantage of this. I’d start by researching these five: Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 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. Enter Your Email Address 5 Stocks For Trying To Build Wealth After 50 Our 6 ‘Best Buys Now’ Shares 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. Click here to claim your free copy of this special investing report now! Kevin Godbold | Saturday, 7th November, 2020 I think this could be a once-in-a-lifetime chance to buy cheap shares and get rich See all posts by Kevin Godbold
CopyHouses, Extension•Williamstown North, Australia “COPY” Houses Projects Photographs Architects: Architecture Architecture Year Completion year of this architecture project Save this picture!© Tom Ross+ 28Curated by Paula Pintos Share Year: “COPY” Park Life House / Architecture ArchitectureSave this projectSavePark Life House / Architecture Architecture Australia ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/937799/park-life-house-architecture-architecture Clipboard 2019 Photographs: Tom RossProject Director:Michael RoperProject Architect:Daria SelleckCity:Williamstown NorthCountry:AustraliaMore SpecsLess SpecsSave this picture!© Tom RossRecommended ProductsWoodTechnowoodPergola SystemsWoodBruagBalcony BalustradesDoorspanoramah!®ah! PivotWoodAccoyaAccoya® Cladding, Siding & FacadesText description provided by the architects. Park Life is a highly contextual extension in Williamstown North. This contemporary design responds to the principles of the ‘garden city’, integrating home, garden and streetscape. In doing so, it continues the vision for the area as laid out by the Housing Commission of Victoria in the 1940s. Save this picture!© Tom RossLocated on Park Crescent in the Champion Road Estate Heritage Precinct, the area remains one of the best preserved of the early Housing Commission of Victoria estates, ‘notable for its strong visual homogeneity… and curving street layout around a central park.’Save this picture!© Tom RossSave this picture!Ground floor planSave this picture!© Tom RossThe length of Park Crescent features a broad nature strip, several meters wide. Most houses are set back from the street with low fences, contributing their generous front gardens to the streetscape. Located on a corner lot with its backyard facing onto Park Crescent, this project presented Architecture Architecture with a usual challenge: how to create a private backyard for their clients, while contributing to the generous, green park life of the heritage streetscape.Save this picture!© Tom RossThe artist’s studio mediates between streetscape and courtyard, establishing a clear threshold into the private realm of the property while presenting a deep, gentle curve that welcomes guests and neighbours to venture in, or a cocktail gathering to spill-out. A large timber-battened gate allows this threshold to be closed-down as required.Save this picture!© Tom RossInside, minor modifications to the existing house substantially restructure its use and function, establishing the quieter, private zones for sleep, study, music, and relaxation. The new living zones extend diagonally out from the existing house; walls flare, pinch and curve, sometimes stealing, sometimes surrendering space to the courtyard, ensuring both benefits from a sense of generosity. Save this picture!© Tom RossConcrete, rendered brick, timber, and porcelain: materials here are subtle but earthy, establishing living spaces that are grounded and protective, hugging the side and rear site boundaries, forming the backdrop for the courtyard.Save this picture!© Tom RossAt the moment of transition between the old house and the new, the threshold swells to form a modest gallery, where the occupants of this house, artist, and curator, share their love of the visual arts.Save this picture!© Tom RossProject gallerySee allShow lessA House with Four Gardens / draftworks architectsSelected ProjectsClay Studio / Lava architectenSelected Projects Share ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/937799/park-life-house-architecture-architecture Clipboard Park Life House / Architecture Architecture CopyAbout this officeArchitecture ArchitectureOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentExtensionOn FacebookWilliamstown NorthAustraliaPublished on April 17, 2020Cite: “Park Life House / Architecture Architecture” 17 Apr 2020. ArchDaily. Accessed 10 Jun 2021.
Howard Lake | 20 November 2015 | News Advertisement Tagged with: Blackbaud everyday hero Giving Tuesday 74 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Everydayhero offers £1,000 in Giving Tuesday competition AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Blackbaud company everydayhero™, the digital fundraising platform, is to offer £1,000 to the winners of a competition to mark Giving Tuesday, the global day of charitable giving.UK residents ages 13+ can enter the competition by telling @everydayheroUK how they are supporting their charity of choice using the phrase, “I’m #GivingTuesday to,” via Twitter or Facebook. Entrants must tag the charity’s Twitter or Facebook name for the entry to be eligible.There are three prizes of £500, £300 and £200 on offer, which will be donated to the respective winners’ chosen charity.Charities can invite their supporters to enter on their behalf. Everydayhero has produced resources such as a mobile-responsive HTML email template and social media images for free download to assist.The details and terms and conditions of the competition are on everydayhero’s Giving Tuesday section.The competition runs from 24 November to 1 December. The three winners will be announced live, via Periscope, at 4:00 pm on 1 December. John Bird, General Manager of everydayhero UK & IE, explained why the company was running the competition. He said:“Charities Aid Foundation reported that 35% of Britons said they are likely to donate to charity on #GivingTuesday. This #GivingTuesdayTo campaign is our way of providing a quick and easy way to help get the other 65% involved, and helps build social awareness for the charities”. 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.
1.14 (178) (24) – Underlying 267 (Increase)/decrease in trade and other receivables (330) – Depreciation, amortisation and impairment Deferred income 289 ∆ as Reported Net increase in cash and cash equivalents -2.1% Deferred customer contract costs -0.8% 55 Restructuring expenses 14 454 276 2019 6,256 – Pinterest 0.07 Basic and diluted earnings/(loss) per share (in €) (1) 262 66 WhatsApp Q4 2019 Underlying revenue (excluding periodic and other) declined by 3.0% (year-on-year at constant FX) to €1,867 million.Video underlying revenue of €1,108 million (-8.0% at constant FX) reflected the combination of lower Distribution revenue (-7.8%), from ‘right-sizing’ of capacity by customers in mature markets, and lower Services revenue (-8.7%) including the impact of COVID-19 on Sports & Events revenue.Networks underlying revenue grew, for the third consecutive year, (+5.3% at constant FX) to €759 million with the contribution from new business signed in 2019 supporting growth in Mobility (+9.0%), expansion of connectivity services driving a return to growth in Fixed Data (+6.7%), while Government (+1.7%) benefited from new business secured during H2 2020.Adjusted EBITDA of €1,152 million represented an Adjusted EBITDA margin of 61.4% (2019: 62.4%). 2020 operating expenses (excluding restructuring and US C-band repurposing expenses) were 1.9% lower year-on-year at €724 million including the benefit of measures taken early in 2020 to mitigate of the impact of the COVID-19 environment and to protect the bottom line.Adjusted EBITDA excludes restructuring expenses of €40 million (2019: €21 million) in relation to the Simplify & Amplify transformation programme and €33 million (2019: nil) of operating expenses associated with the accelerated repurposing of US C-band spectrum, net of €10 million repurposing income (2019: nil).Adjusted Net Profit was lower year-on-year as the impact of lower Adjusted EBITDA, recognition of net foreign exchange losses, and high level of tax income in 2019 was not fully offset by the positive effect of year-on-year reductions in both Depreciation and Amortisation expenses (of 4.5%) and net interest expense (of 9.6%).Adjusted Net Profit excludes (net of tax) the restructuring expenses, the US C-band (net) expenses, and impairment expense of €277 million in 2020. This impairment expense was comprised of €183 million spread across eight GEO assets including the impact of COVID-19 on expected future cash flows from definite life assets, €80 million related to the former MX1 business following the integration within the Video infrastructure operations, and €14 million related to orbital slot rights.Net cash generated by operating activities (NOCF) of €1,049 million (2019: €1,134 million) represented 97.2% of reported EBITDA (2019: 93.2%). Free cash flow before equity distributions and treasury activities (see page 7) of €665 million was 0.9% higher than 2019 as lower NOCF was offset by lower net cash absorbed by investing activities, which were 34% less than forecasted for 2020.Adjusted Net Debt (including 50% of the €1.3 billion hybrid bonds as debt, per the rating agency methodology) of €3,418 million was €505 million (or 12.9%) lower than 2019 and represented an Adjusted Net Debt to Adjusted EBITDA ratio of 2.97 times (2019: 3.17 times). The weighted average interest cost (excluding loan origination costs, commitment fees and hybrid bonds) was reduced to 3.1% (2019: 3.6%), while the weighted average debt maturity was extended to 7.2 years (2019: 7.0 years).Fully protected contract backlog at 31 December 2020 was €5.6 billion (gross backlog of €6.1 billion when including backlog subject to contractual break clauses).For the year ended 2020, the SES Board of Directors has proposed a dividend of €0.40 per A-share and €0.16 per B-share, consistent with 2019 and the Board’s commitment to maintain a base dividend of €0.40 per A-share and €0.16 per B-share. The dividend, which is subject to shareholders’ approval at the Annual General Meeting on 1 April 2021, will be paid on 22 April 2021.For the year ended 2021 (assuming a €/$ FX rate of €1 = $1.20, nominal satellite health and launch schedule) group revenue is expected within a range of €1,760-1,820 million (including €1,000-1,030 million for Video and €750-780 million for Networks) and Adjusted EBITDA (excluding restructuring and US C-Band expenses) within a range of €1,060-1,100 million.Capital expenditure (representing net cash absorbed by investing activities excluding acquisitions, financial investments, and US C-band repurposing) is now expected to be €660 million in 2021 and €880 million in 2022 reflecting the important growth investment in SES-17 and O3b mPOWER. Thereafter, Capital Expenditure is expected to reduce significantly to €220 million in 2023, €570 million in 2024, and €340 million in 2025, representing an average annual capital expenditure of €375 million (2023-2025). Operational performance and commentary REVENUE BY BUSINESS UNIT 665 (10) 249 Average €/$ FX rate 1) Including €10 million related to US C-band repurposing (2019: nil). 2) Net of dividends received on treasury shares of €2 million (2019: €4 million) (154) 290 Q1 2020 466 (21) 1.20 22% (194) 1.11 +6.5% 1.17 0.07 294 – 4 211 205 Total current assets 469 +13.6% 1) Earnings per share is calculated as profit attributable to owners of the parent divided by the weighted average number of shares outstanding during the year, as adjusted to reflect the economic rights of each class of share. For the purposes of the EPS calculation only, the net profit for the year attributable to ordinary shareholders has been adjusted to include the coupon, net of tax, on the perpetual bonds. Fully diluted earnings per share are not significantly different from basic earnings per share. Adjusted Net Profit 18 (161) 127 Cost of sales +6.7% Other financial assets 2020 SES-18 & SES-19 113 66 Cash and cash equivalents (A) 1,984 359 H2 2024 Increase in upfront payments and deferred income Q1 2020 395 – 1,108 296 (3) 1,875 +7.7% 102 76 1.12 Prepayments 366 -8.5% (0.22) 66 Restructuring expenses -8.3% -7.9% 1.11 76 – 0.05 (0.56) WhatsApp 83 5,420 (49) Satellite +2.7% 273 Fixed Data 69 62 60 – +8.4% EBITDA 1.20 (3) +49 (0) 30 3001 90612 Q1 2020 Borrowings (B) Changes in working capital 462 60 (7) 448 Total equity and liabilities Borrowings (C) Non-controlling interests (785) 282 – Periodic 8 1,155 Interest expense – 295 n/m n/m n/m 298 (86) Mobility (underlying) Profit/(loss) after tax 5,438 58 (277) 1.10 1,108 +16.9% 200 -15.1% (2) 1 Provisions (72) Fixed Data, Mobility, Government 497 200 81 17 123 (97) (13) (150) — Q1 2019 191 189 — 204 – 659 EBITDA Average €/$ FX rate +5.3% Sub-total (3) 468 2020 290 395 243 Q4 2020 (54) (8) (40) Deferred customer contract costs 7 468 (30) 2 +10.3% Proceeds from treasury shares sold and exercise of stock options Other investing activities 4 31 Net cash absorbed by investing activities 2019 8 Video (US C-band accelerated clearing) – 14 116 -8.1% US C-band repurposing income n/m (25) n/m EBITDA adjusted to exclude material exceptional items. In 2020, the primary exceptional items are restructuring charges announced in the framework of SES’ ‘Simplify & Amplify’ programme, and the net impact of the repurposing of US C-band spectrum. Adjusted EBITDA margin is Adjusted EBITDA divided by revenue. (50) Q4 2020 -5.1% – Earnings/(loss) per share (in €) (1) n/m 255 462 Global 1,049 Group Total 479 € million Property, plant and equipment 273 (277) 276 -3.3% 1,238 3,317 1.20 0.13 (8) The presentation is available for download from https://www.ses.com/investors/financial-results and a replay will be available shortly after the conclusion of the presentation. About SES SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially proven, low latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,200 channels and has an unparalleled reach of over 365 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com. Disclaimer This presentation does not, in any jurisdiction, including without limitation in the U.S., constitute or form part of, and should not be construed as, any offer for sale of, or solicitation of any offer to buy, or any investment advice in connection with, any securities of SES, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. No representation or warranty, express or implied, is or will be made by SES, its directors, officers or advisors, or any other person, as to the accuracy, completeness or fairness of the information or opinions contained in this presentation, and any reliance you place on them will be at your sole risk. Without prejudice to the foregoing, none of SES, or its directors, officers or advisors accept any liability whatsoever for any loss however arising, directly or indirectly, from use of this presentation or its contents or otherwise arising in connection therewith. This presentation includes “forward-looking statements”. All statements other than statements of historical fact included in this presentation, including without limitation those regarding SES’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to SES products and services), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of SES to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding SES and its subsidiaries and affiliates, present and future business strategies, and the environment in which SES will operate in the future, and such assumptions may or may not prove to be correct. These forward-looking statements speak only as at the date of this presentation. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will occur or continue in the future. SES, and its directors, officers and advisors do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Net financing costs +5.2% Region (15) Q2 2020 SES-17 (7) Revenue 245 O3b mPOWER (satellites 1-3) Global 287 Reported EBITDA and EBITDA margin 1.10 Coupon paid on perpetual bond Q1 2020 67 285 Average €/$ FX rate Fixed Data, Mobility, Government (308) 467 (169) 1,651 H2 2022 262 275 Video (US C-band accelerated clearing) 759 – 317 298 O3b mPOWER (satellites 10-11) – € million Adjusted EBITDA margin Q2 2019 0.07 462 268 (66) — 7 Net cash absorbed by investing activities Q1 2019 – — 212 10 (Increase)/decrease in prepayments and deferred charges 216 (312) 255 (193) (7) Operating expenses (807) — 43 -2.0% 1,217 Lease liabilities 103 (664) Amortisation expense 9 Intangible assets Trade and other payables (172) (13) 144 82 Trade and other receivables 51 (5) (166) 63% (102) (26) CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December (23) Q1 2022 334 Restructuring expenses Depreciation expense +7.9% 9 97 Net profit/(loss) attributable to owners of the parent – 8 -8.8% (3) 0.54 Payments for purchases of tangible assets (1) 1,529 Twitter 0.22 (86) — — (153) 18 n/m (210) Total liabilities Depreciation expense Class B shares QUARTERLY OPERATING PROFIT (AT FINANCIAL OUTLOOK FX RATE) – 296 1,310 Fixed Data, Mobility, Government (21) EBITDA Video Distribution (underlying) Deferred income Inventories 2) Q4 2020 revenue included an exceptional adjustment related to contract restructuring which is not expected to repeat in future quarters 2019 6,977 Q3 2020 1.12 US C-band repurposing income 275 — (230) — 327 113 H2 2022 € million 103 479 (97) 1.18 1,155 490 13,233 Net profit attributable to owners of the parent adjusted to exclude material exceptional items. In 2020, the primary exceptional items are restructuring charges announced in the framework of SES’ ‘Simplify & Amplify’ programme, the net impact of the repurposing of US C-band spectrum, and the net impact of impairment expense. 469 Income tax income / (expense) France: 2020 (577) -7.8% (21) Q3 2021 Assets in the course of construction 691 0.05 -7.8% 25 1,162 (193) 1,876 49 135 57 285 – Webcast registration: Video (total) Payments related to changes in ownership interest in subsidiaries (18) (24) Other -3.8% (21) US C-band operating expenses 27 n/m 1.14 488 590 — – Underlying (152) -0.5% 317 62 Increase/(decrease) in trade and other payables 471 Class A shares U.S.A.: US C-band operating expenses 1,155 284 Adjusted EBITDA (43) 832 Net foreign exchange movements 284 Equity attributable to the owners of the parent Operating profit – North America 62% 1,217 -8.7% 5 1,162 n/m 1,770 10 Provisions 474 – +2.0% 6,173 308 +1.6% 1,049 20 Dividends paid on ordinary shares (2) 12 168 Adjusted Net Debt to Adjusted EBITDA, represents the ratio of Net Debt plus 50% of the group’s hybrid bonds (per the rating agency methodology) divided by the last 12 months’ (rolling) Adjusted EBITDA. 4,192 30 767 0.19 Follow us on: Twitter | Facebook | YouTube | LinkedIn | Instagram Read our Blogs > Visit the Media Gallery > Presentation of Results: A presentation of the results for investors and analysts will be hosted at 9.30 CET on 25 February 2021 and will be broadcast via webcast and conference call. The details for the conference call and webcast are as follows: -8.3% 327 – Underlying 924 Adjusted EBITDA (66) Local NewsBusiness 1,863 462 479 (46) -6.6% -9.2% Networks (total) – 305 SES-20 & SES-21 11 277 Net cash absorbed by financing activities (484) Income tax liabilities (171) 301 Total current liabilities Americas (152) Q3 2020 11,370 LUXEMBOURG–(BUSINESS WIRE)–Feb 25, 2021– SES S.A. announces financial results for the year ended 31 December 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210224006241/en/ SES S.A.: Full Year 2020 Results Third successive year delivering EBITDA outlook despite challenging COVID-19 environment in 2020Growth engine Networks revenue +5% YOY (1,2), or +27% since 2017, and Video revenue of €1,108 million in line with expectationsAdjusted EBITDA (3) of €1,152 million delivered within pre-COVID-19 financial outlook and at high end of mid-year outlookStrong net cash generated from operations of €1,049 million representing 97% of reported EBITDA Commitment to disciplined financial policy and shareholder returnsSolid cash flow generation driving €505 million YOY debt reduction and lowest leverage ratio (4) (of 2.97 times) over the past 5 yearsProposed 2020 dividend of €0.40 per A-share consistent with commitment to maintain a minimum base dividend of €0.40On track to realise $4 billion pre-tax from US C-band clearing with end-2021 milestone triggering the first $1 billion in accelerated clearing payments to be fully used for deleveraging Resilient 2021 outlook reflecting current market with substantial growth investments supporting Revenue, Adjusted EBITDA and FCF growth from 2023Over 80% of 2021 group revenue outlook of €1,760-1,820 million (5) already under contract. Continued focus on operational excellence, reducing cost and discretionary spending supporting 2021 Adjusted EBITDA (3) outlook (€1,060-1,100 million (5) )SES-17 and O3b mPOWER, with gross backlog up 40% since Q3 2020 to $740 million (6), to launch in 2021, driving an acceleration of growth in Networks from 2022 onwards and sustained profitable revenue and Adjusted EBITDA growth for SES from 2023CapEx reduced by €390 million over 2020-2024 compared with previous forecast, lowering growth investment peak in 2021-2022 and followed by substantially lower average annual CapEx of €375 million (2023-2025) Steve Collar, CEO of SES, commented: “2020 was a strong year for SES. The combination of considerable commercial execution and laser focus on controlling discretionary spending ensured that, despite the COVID-19 environment, we protected the bottom line with Adjusted EBITDA in line with our pre-COVID-19 outlook and at the top end of our mid-year outlook. We successfully executed our Simplify & Amplify programme delivering OpEx savings of €50 million from 2022 onwards, while Net Debt and leverage is at a 5-year low on the back of strong cash generation. 2020 was a landmark year for our US C-band initiative, starting with the FCC’s final Report and Order and ending with the record-breaking spectrum auction, crystallising SES’ opportunity to earn $4 billion in accelerated relocation payments. The clearing is on track and we expect to meet the December 2021 and December 2023 deadlines. We secured more than €1.3 billion in customer agreements in the year including an important long-term commitment with Canal+ covering multiple orbital positions; contract extensions with public and commercial broadcasters across our prime video neighbourhoods; new MEO-GEO-based solutions for the US Government; new Telco and MNO connectivity solutions in Latin America and Asia; and, in return for supporting customers whose businesses are especially affected by COVID-19, secured additional backlog in Cruise and Aero. Our recently announced renewal and extension with Sky means that, to date, we have added more than €440 million in contract backlog at our core video neighbourhoods since the end of Q3 2020. 2020 was a year like no other for our employees and customers alike. We moved swiftly and successfully into a remote office environment, protecting customer and satellite operations in the process. I could not be more grateful to SES employees for their resilience and commitment to supporting our customers. 2021 represents a year of unique and significant opportunities for SES. It will see us realise the first $1 billion from C-band repurposing and execute on a strong pipeline of commercial opportunities to further grow, driven by the increasing backlog of now $740 million for SES-17 and O3b mPOWER ahead of launch in the second half of 2021. These assets form the bedrock of our unique, multi-orbit value proposition to serve the strong and expanding demand for data across all our segments and will drive sustained, profitable growth for SES in the years ahead.” Key business and financial highlights SES regularly uses Alternative Performance Measures (APM) to present the performance of the Group and believes that these APMs are relevant to enhance understanding of the financial performance and financial position. — 1.20 7 -5.9% +44 (0) 33 0551 0200 – (175) € million 72 12,387 Profit/(loss) before tax (102) By Digital AIM Web Support – February 25, 2021 78 1,876 +7.5% +6.2% 285 470 0.03 Average €/$ FX rate Class B shares (18) 0.05 1.12 313 277 1,134 (51) 395 — 351 SES S.A.: Full Year 2020 Results – Fixed assets suppliers Payments for purchases of intangible assets (279) 72 317 (813) Income tax receivable 1,876 (3) (20) (73) Q2 2020 (0.30) US C-band repurposing income (156) Net cash generated by operating activities 72 1,134 — (39) n/m Fixed assets suppliers 1) Earnings per share is calculated as profit attributable to owners of the parent divided by the weighted average number of shares outstanding during the year, as adjusted to reflect the economic rights of each class of share. For the purposes of the EPS calculation only, the net profit for the year attributable to ordinary shareholders has been adjusted to include the assumed coupon, net of tax, on the perpetual bonds of €49 million (2019: €49 million). Fully diluted earnings per share are not significantly different from basic earnings per share 293 (88) 5,186 2020 2019 (217) (6) 6% Amortisation expense (207) US C-band repurposing income 10 US C-band repurposing income Impairment expenses 832 -8.1% 46 (2) (182) 62% 245 Impairment expense Q4 2020 1.10 466 Consolidated operating profit adjusted for non-cash items and tax payments and before working capital changes (Increase)/decrease in inventories -6.6% (45) Lease payments 285 n/m -9.3% (1) (7) (153) 189 O3b mPOWER (satellites 7-9) (3) Previous articlePetersen helps Kings beat Blues 2-1 for 6th straight winNext articleDas Maastricht Univerisity Medical Center beginnt mit den Verfahren Digital AIM Web Support (184) (205) 10 (291) 35 Profit/(loss) before tax 56 909 Cash and cash equivalents at end of the year (185) 991 2 € million 2020 2019 (28) 333 – 5,366 58% 295 208 Change (YOY) at constant FX 103 2 (152) (154) 1.14 (12) (92) Free cash flow before equity distributions and treasury activities 10 Adjusted EBITDA and Adjusted EBITDA margin SUPPLEMENTARY INFORMATION QUARTERLY INCOME STATEMENT (AS REPORTED) Total non-current assets 10 (240) Total equity Q4 2019 (177) – 257 286 (22) 1.15 282 4 0.09 456 69 1.17 2020 Trade and other receivables 38 (15) 296 24% Operating profit/(loss) 1,096 300 466 (5) – 2019 23 — 63 12 Video Services (underlying) 10 (43) 72 (40) 117 Operating expenses US C-band repurposing income (18) Alternative Performance Measure 36 10,617 Video: 59% of group revenue (2019: 62%) At 31 December 2020, SES carried a total of 8,265 TV channels to over 365 million TV homes around the world including 2,981 channels in High Definition and Ultra High Definition. 69% of total TV channels are broadcast in MPEG-4 with an additional 4% in HEVC. Video Distribution In Europe, volume reductions on some long-term renewals secured in late 2019 led to lower year-on-year revenue, albeit utilisation rates across SES’ industry-leading European Video neighbourhoods remained strong. North American revenue was impacted by ‘right-sizing’ of volume across U.S. cable neighbourhoods and accommodation of customers ahead of C-band clearing, as well as the expected reduction in wholesale business. In the International markets, the contribution of new revenue secured is yet to fully offset the impact of challenging trading environments, leading to a modest revenue reduction (year-on-year). Video Services The decision to reduce exposure to low margin services activities associated with the former MX1 business, and postponement or cancellation of sports and events in 2020 due to COVID-19, led to lower year-on-year revenue. HD+ revenue was flat (year-on-year) with a shift towards TV-installed software solutions rather than hardware sales, reflecting the strong partnerships with TV set manufacturers. Continued growth in the number of paying subscribers, which improved during 2020, and the positive contribution from the planned increase in the cost to renew a 12-month subscription from March 2021 is expected to support the future development of the platform. From Q1 2021, revenue from “Video Distribution” and “Video Services” will be reported as a single revenue line (“Video”). Networks: 41% of group revenue (2019: 38%) Government Strong contributions from new business in both the US Government and Global Government businesses during the second half of 2020 led to overall growth (year-on-year) in underlying revenue. US Government revenue was ahead (year-on-year) benefiting from the contribution of new MEO- and GEO-enabled network solutions. Global Government revenue was lower with improved revenue run-rate offsetting less revenue from completion of certain milestone-driven institutional projects which benefited 2019. Fixed Data Positive outturns across the Americas, Africa and Asia, as well as from new business in energy and cloud, more than offset lower revenue in Europe and the Pacific and contributed to overall growth (year-on-year) in Fixed Data. Growth in the Americas was supported by new and incremental managed services to tier one telecommunications companies, mobile networks operators to deploy 4G networks, and government funded rural WiFi projects on behalf of SES’ customers, notably using SES-12 and MEO-enabled high throughput capabilities. Mobility High single-digit growth (year-on-year) in Aeronautical reflected the full year contribution of new business signed with several service providers during 2019. Similarly, in Maritime, the full revenue contribution of expanded services with key cruise customers signed in 2019 and a good trajectory in commercial shipping over the last 12 months led to double-digit growth (year-on-year) in revenue. In Q4 2020, Mobility revenue included an exceptional adjustment related to contract restructuring which is not expected to repeat in future quarters. As the vast majority of SES’ commercial contracts, including in Mobility, are fixed, the performance was resilient to the impact of COVID-19 on customers and end markets served by SES in the Cruise and Commercial Aviation segments. Nevertheless, it is expected that the development of both existing revenue and pace of new business will continue to be impacted by COVID-19 in the near term. Future satellite launches (308) n/m +4.9% 285 (21) 287 60 297 — Total non-current liabilities (168) -3.3% (7) Twitter -8.7% (162) 68 4,170 +14.3% (95) 260 300 2019 – Income tax benefit/(expense) Impairment expense (185) (22) Launch Date -12.5% 1,238 -3.8% 21% Net financing costs 3,737 +1.7% – 74 33 191 – -4.5% 1,867 1,079 -3.5% 13,233 Operating profit/(loss) (33) Depreciation expense 17% EBITDA is profit for the period before depreciation, amortisation, net financing cost and income tax. EBITDA margin is EBITDA divided by revenue EBITDA (148) (38) (44) Tax on material exceptional items 21 623 H2 2022 (3) Operating profit/(loss) margin (95) 75 (186) 1,984 – US C-band operating expenses (364) 60 (264) 197 (7) O3b mPOWER (satellites 4-6) TAGS 466 (9) 82 -47.3% Germany: Non-controlling interests 323 Staff costs +9.0% (1) (6) 276 851 Amortisation of client upfront payments – -8.2% (269) Application 46 294 -7.7% 10 Q3 2019 61 19 “Underlying” revenue represents the core business of capacity sales, as well as associated services and equipment. This revenue may be impacted by changes in launch schedule and satellite health status. “Periodic” revenue separates revenues that are not directly related to or would distort the underlying business trends on a quarterly basis. Periodic revenue includes: the outright sale of transponders or transponder equivalents; accelerated revenue from hosted payloads during construction; termination fees; insurance proceeds; certain interim satellite missions and other such items when material. “Other” includes revenue not directly applicable to Video or Networks (152) € million (7) — Lease liabilities 190 286 (231) 1 (25) 269 n/m 0.03 Q3 2021 1) Year-on-year comparison impacted by periodic revenue of €12 million recognised in Q4 2019 which did not repeat in Q4 2020 (179) Class A shares Fixed Data, Mobility, Government +33 (0) 1 7037 7166 Lease payments (90) (12) — -2.2% 6,949 63% 1.20 – U.K. (Standard International Access): -3.5% 60% 1,729 (625) 0.12 (767) -8.1% — 70 Global — — 17 – Q3 2020 — 1,079 +1 212 999 6659 826 Repayment of borrowings 305 1.12 (22) (4) 24% +2.6% Revenue (€ million) 57 Taxes paid during the year – 297 (12) €million (150) 113 Q3 2020 67 (0.12) Proceeds from borrowings Total assets Restructuring expenses € million 278 (44) -11.7% 0.02 2,768 n/a 8 (7) 2020 Q4 2020 Average €/$ FX rate 1,152 CONSOLIDATED INCOME STATEMENT Year ended 31 December (64) (31) 30 +9.3% 1.20 – Revenue https://channel.royalcast.com/landingpage/ses/20210225—1/ 58 – Periodic Interest paid on borrowings -46% 460 80 Net Profit/(Loss) — – Underlying 465 72 – Free cash flow before financing activities 243 – 3 104 58 Facebook Fixed Data, Mobility, Government 2020 285 (217) (277) Confirmation code: 84 481 (186) Other long-term liabilities Operating expenses 190 208 Definition 12,387 63% 56 (154) Non-controlling interests 2020 Net cash generated by operating activities CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 December -8.0% 189 288 (20) 297 Payments for acquisition of treasury shares 5,248 Adjusted EBITDA (21) Cash and cash equivalents at beginning of the year 997 (185) – Reported Net Debt (B + C – A) -6.5% (84) (21) (6) Q2 2020 Other non-cash items in the consolidated income statement ∆ at constant FX n/m North America 59 40 Deferred tax assets (186) 113 Profit/(loss) before tax Adjusted EBITDA 0.15 Net profit/(loss) attributable to owners of the parent – 532 +8.4% -3.0% (14) SES 246 US C-band operating expenses 25 481 Adjusted Net Profit — – Revenue 1 Excluding periodic and other revenue (disclosed separately) that are not directly related to or otherwise distort the underlying business trends 2 At constant FX which refers to comparative figures restated at the current period FX to neutralise currency variations 3 Excluding restructuring charge and operating expenses recognised in relation to US C-band repurposing (disclosed separately) 4 Ratio of Adjusted Net Debt (which includes 50% of hybrid bonds as debt, per the rating agency methodology) to Adjusted EBITDA 5 Financial outlook assumes a € /$ FX rate of €1 = $1.20, nominal satellite health and launch schedule 6Gross backlog $740 million (fully protected: $605 million), including $180 million signed since 1 January 2021; Q3 2020: $525 million (fully protected: $510 million) View source version on businesswire.com:https://www.businesswire.com/news/home/20210224006241/en/ CONTACT: Richard Whiteing Investor Relations Tel: +352 710 725 261 [email protected] Suzanne Ong External Communications Tel: +352 710 725 500 [email protected] KEYWORD: EUROPE LUXEMBOURG FRANCE INDUSTRY KEYWORD: TECHNOLOGY AEROSPACE MANUFACTURING SATELLITE SOURCE: SES S.A. Copyright Business Wire 2021. PUB: 02/25/2021 01:30 AM/DISC: 02/25/2021 01:30 AM http://www.businesswire.com/news/home/20210224006241/en € million 4,685 12 (158) – Q2 2019 Q3 2019 1.20 (22) Deferred tax liabilities -7.5% (3) 1,152 Amortisation expense (277) Adjusted Net Profit Impairment expense -2.6% 3,273 -4.1% 510 -1.9% Global Interest paid on borrowings 11 276 (20) ALTERNATIVE PERFORMANCE MEASURES SES regularly uses Alternative Performance Measures (‘APM’) to present the performance of the Group and believes that these APMs are relevant to enhance understanding of the financial performance and financial position. These measures may not be comparable to similarly titled measures used by other companies and are not measurements under IFRS or any other body of generally accepted accounting principles, and thus should not be considered substitutes for the information contained in the Group’s financial statements. 9 +0.5% 613 24% 1.18 +4.6% Revenue Government (underlying) 70 (215) -5.4% 463 62 Other operating expenses Q2 2020 (191) Adjusted Net Debt to Adjusted EBITDA 65% -6.9% EBITDA — EBITDA 1.20 -4.5% (12) 8 Facebook (161) Pinterest n/m US C-band repurposing income
Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Consumer Financial Protection Bureau (CFPB) announced that Thomas Pahl will serve as the Deputy Director of the Bureau.Pahl served as the Policy Associate Director for Research, Markets, and Regulations since April 2018, Previously, Pahl was the Acting Director of the Bureau of Consumer Protection at the Federal Trade Commission (FTC).“Tom is a committed public servant who has dedicated his career to protecting consumers in the financial marketplace. His wealth of experience on consumer protection issues will enable him to provide valuable insights on achieving our mission and preventing consumer harm,” said CFPB Director Kraninger. “I look forward to his continued contributions and leadership.”From 2013-16, Pahl served as the Managing Counsel for the Office of Regulations at the CFOB. He also held previous roles at the FTC focused on enforcement, rulemaking, and policy on financial services matters, including Assistant Director of the Division of Financial Practices.Kraninger also announced the leadership for the newly created Consumer Education and External Affairs (CEEA) Division. CEEA will focus on a more coordinated and Bureau-wide approach to engagement and communication with consumers, policymakers, academics, and other stakeholders.The CFPB states that Delicia Reynolds Hand will serve as Deputy Associate Director for the CEEA; Desmond Brown will be the Assistant Director for the Office of Consumer Education, and Matt Cameron will serve as Assistant Director for the Office of Stakeholder Management.The Bureau announced earlier Tuesday that it ratified most regulatory actions taken between January 4, 2020, through June 30, 2020. A release states that the ratification of previous regulatory actions “provides the financial marketplace with certainty that the rules are valid in light of the Supreme Court decision is Seila Law.”“The Bureau is taking action to ensure that consumers and market participants understand that the same rules continue to govern the consumer financial marketplace,” Kraninger said.The Supreme Court ruled Monday that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional, but it can keep operating under new rules.“The CFPB’s single-director configuration is also incompatible with the structure of the Constitution, which—with the sole exception of the Presidency—scrupulously avoids concentrating power in the hands of any single individual,” the ruling states.Additionally, the court said its director “must be removable by the President at will.”The CFPB was created by Sen. Elizabeth Warren (D-Massachusetts) prior to her time as an elected official and created by Congress following the 2008 financial collapse. July 7, 2020 1,124 Views Related Articles Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago Previous: Future of GSEs’ Credit Risk Transfer Program Uncertain Next: Quicken Loans Officially Files for IPO CFPB 2020-07-07 Mike Albanese Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. in Daily Dose, Featured, Government, News Sign up for DS News Daily Deputy Director Named to CFPB Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Deputy Director Named to CFPB Demand Propels Home Prices Upward 2 days ago Tagged with: CFPB
Top Stories[Shaheen Bagh Protests] SC Reserves Judgment On The Need To Balance Right To Protest With Right To Mobility For Others Sanya Talwar21 Sep 2020 1:33 AMShare This – xThe Supreme Court on Monday reserved its judgment on the aspect of “the need to balance the right to protest with the right of mobility by other people” in the plea(s) which had sought an urgent direction for immediate dispersal of Shaheen Bagh protestors or any other such sites amid the pandemic situation.A bench led by Justice SK Kaul orally remarked that the experiment which…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Monday reserved its judgment on the aspect of “the need to balance the right to protest with the right of mobility by other people” in the plea(s) which had sought an urgent direction for immediate dispersal of Shaheen Bagh protestors or any other such sites amid the pandemic situation.A bench led by Justice SK Kaul orally remarked that the experiment which insinuated in Shaheen Bagh called for a short order to be passed in light of what ensued, whether successful or not.Petitioner in person, Advocate Amit Sahni stated that such kind of protests must not take place in the future. He then highlighted that there was a “chakka jam” in haryana yesterday.Advocate Mehmood Pracha appearing for one of the intervenors submitted that the most crucial aspect that persons from ruling party went there and right to protest has to be balanced in a democracy. “Parties at some point in time went to Shaheen bagh to create a riot,” said Pracha. He added that he did not wish to name them.At this juncture, Justice Bose stated that the Right to protest has to be balanced with the right of the people to use a public road. For a long period of time, a public road was blocked. “What about this right to use the road?”Pracha responded by stating that for this purpose, a universal standard and policy had to apply.Justice Kaul remarked, “There cannot be a universal policy. In a parliamentary democracy, there is an avenue of debate. The only issue is in what manner and where .. and for how long and how to balance it.”Solicitor General Tushar Mehta argued that the Right to Protest was a fundamental right, albeit with reasonable restrictions.The petition, filed by a practising lawyer in the Supreme Court Ashutosh Dubey, however says the protestors can continue their protest after such threat of corona virus is over.According to the plea, “Corona virus has been announced as a pandemic across the world and it’s a matter of grave concern for everyone. “Due to the growing threat of the disease and increase in the number of deaths, the health ministry has advised everyone to avoid going out in the crowd and work from home.”The risk of severe disease associated with COVID-19 infection for people is currently considered moderate for the general population and high for older adults and individuals with chronic underlying conditions . The protestors can continue their protest after such threat of corona virus is over. “Another application, filed by Advocate Amit Sahni, inter alia, sought placing additional documents on record which are various notifications released by the Government of India, Delhi Government and other authorities, for preventing spread of COVID19.In this backdrop, petitioner averred that as per notification dated March 19 issued by the Delhi Government, regulations had been released in order to restrict the gathering of more than 50 person till 31st March 2020; yet the protesters did not vacate the premises.”That to regulate the disease the talks between the Delhi Police and the women protesting failed as the protestors ignored the appeal made by the police to vacate the main road and stated that they will continue to protest” it has been averred.Further, in light of this, the petitioner has prayed that as there is currently no vaccine to prevent the disease, the best way to prevent the disease is to avoid gatherings/crowd.The petition has urged the court to “take immediate directions for removal of mass gathering from Shaheen Bagh”In January, a bench of Justices SK Kaul & KM Joseph had issued notice on petitions seeking the clearance of the ongoing protests against CAA-NRC at Shaheen Bagh in Delhi.”There cannot be indefinite protests in a common area. If everybody starts protesting everywhere, what will happen?” the bench had remarked.Subsequently, the court had appointed a mediation team headed by Senior Advocate Sanjay Hegde to hold talks with the protesters and interlocutors reports were filed depicting the on ground situation.The protestors are mostly women who are opposing the Citizenship (Amendment) Act (CAA), National Register of Citizens (NRC) and National Population Register (NPR) since 15 December 2019.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story
Comparisons of total column ozone measurements from Dobson, Brewer and SAOZ instruments are presented for the period 1990 to 1995 at seven stations covering the mid- and the high northern latitudes, as well as the Antarctic region. The main purpose of these comparisons is to assess, by reference to the well established Dobson network, the accuracy of the zenith-sky visible spectroscopy for the measurement of total ozone. The strengths and present limitations of this latter technique are investigated. As a general result, the different instruments are found to agree within a few percent at all stations, the best agreement being obtained at mid-latitudes. On average, for the mid-latitudes, SAOZ O3 measurements are approximately 2% higher than Dobson ones, with a scatter of about 5%. At higher latitudes, both scatter and systematic deviation tend to increase. In all cases, the relative differences between SAOZ and Dobson or Brewer column ozone are characterised by a significant seasonal signal, the amplitude of which increases from about 2.5% at mid-latitude to a maximum of 7.5% at Faraday, Antarctica. Although it introduces a significant contribution to the seasonality at high latitude, the temperature sensitivity of the O3 absorption coefficients of the Dobson and Brewer instruments is shown to be too small to account for the observed SAOZ/Dobson differences. Except for Faraday, these differences can however be largely reduced if SAOZ AMFs are calculated with realistic climatological profiles of ozone, pressure and temperature. Other sources of uncertainties that might affect the comparison are investigated. Evidence is found that the differences in the air masses sampled by the SAOZ and the other instruments contribute significantly to the scatter, and the impact of the tropospheric clouds on SAOZ measurements is displayed
A coupled physical-biological model analysis was undertaken to examine the seasonal development of the distribution of antarctic krill (Euphausia superba Dana) in the Scotia Sea. The origin and fate of krill observed during the CCAMLR 2000 survey were studied using output from the OCCAM model. Lagrangian particle tracking for the period prior to the survey showed the expected dominance of the west to east flow of material associated with the main direction of the current flow, but there was no simple association of particle transport with any of the fronts of the Antarctic Circumpolar Current. Most of the krill were associated with areas to the south of the Antarctic Circumpolar Current in the Weddell-Scotia Confluence (WSC) and farther east in Weddell Sea-influenced waters. Examining the pathways of krill transport in relation to satellite-derived sea-ice distributions suggests that particles present in the high krill biomass regions in January would have come from areas that were covered by sea-ice during late winter/early spring (September-October). The results of Eulerian grid-based simulations of the development of the biomass distribution after the survey period showed transport of particles around South Georgia, probably in association with the Southern Antarctic Circumpolar Current Front. However, many of the krill encountered in the eastern Scotia Sea would have exited toward the east, passing north of the South Sandwich Islands, probably in association with the Southern Boundary of the Antarctic Circumpolar Current and Weddell Sea waters that penetrate to the north in this area. These krill may return to more southern regions where further spawning is possible in later years. Simulations of particle tracks that included diurnal vertical migration showed that krill behavior could modify the pathways of transport, although the current flows probably dominate the movement of krill in open ocean regions. This study suggests that the summer distribution of krill in the Scotia Sea is connected to the winter sea-ice distribution and probably to the pattern and rate of the spring sea-ice retreat. Many of the krill in the survey region in the summer of 1999/2000 came from under the sea-ice in the eastern Scotia Sea, the southern Scotia Arc, and the northern Weddell Sea. This highlights that the spatial association of the sea-ice with the Weddell-Scotia Confluence and frontal regions of the Antarctic Circumpolar Current during winter and spring will be crucial in determining the summer krill distribution. Variation in the extent and timing of sea-ice retreat, and fluctuations in Weddell-Scotia Confluence and Scotia Sea flows, will change the pathways of transport resulting in large changes in the distribution of the krill during summer.
Tags: Devin Watson/Jalen McDaniels/Mountain West Conference/Neemias Queta/Sam Merrill/San Diego State Men’s Basketball/Utah State Men’s Basketball/Viejas Arena The Aggies have won their last seven games, their longest such winning streak since joining the Mountain West Conference. Written by Utah State has also earned six road wins thus far this season, their most since the 2014-15 season. The Aggies shoot a conference-best 48 percent from the field and in turn only allow opponents to shoot 38.7 percent from the field. The Aggies are seeking their initial win against San Diego State since joining the Mountain West Conference. Redshirt sophomore forward Jalen McDaniels (17.1 points, 8.5 rebounds per game) and senior guard Devin Watson (15.8 points per game) lead the Aztecs. FacebookTwitterLinkedInEmailSAN DIEGO-Saturday, Utah State men’s basketball, currently sporting a record of 18-5 (8-2 in Mountain West play) visits Viejas Arena to battle the San Diego State Aztecs (13-9, 5-4 in Mountain West play). In his last five games, Queta is averaging 13 points, 13 rebounds and 3.2 blocks per game. The Aztecs score 75.1 points per game and surrender 69.5 points per contest. Freshman Portuguese national center Neemias Queta currently averages 11.1 points and 9.1 rebounds per game. The Aztecs lead the Aggies 10-3 all-time and have won 10 straight in the series. Utah State scores 79.9 points per game and surrenders only 66.5 points per contest. Junior guard Sam Merrill averages 19.4 points per game, keeping him as the Aggies’ leading scorer. February 8, 2019 /Sports News – Local Utah State Men’s Basketball Visits San Diego State Brad James
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