Profit selling – Stormbirds http://stormbirds.net/ Wed, 18 May 2022 13:38:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stormbirds.net/wp-content/uploads/2021/07/icon-2021-07-05T151758.466-150x150.png Profit selling – Stormbirds http://stormbirds.net/ 32 32 Alexander Meskouris discusses what sellers need to understand in the luxury real estate market https://stormbirds.net/alexander-meskouris-discusses-what-sellers-need-to-understand-in-the-luxury-real-estate-market/ Wed, 18 May 2022 12:14:50 +0000 https://stormbirds.net/alexander-meskouris-discusses-what-sellers-need-to-understand-in-the-luxury-real-estate-market/ Alexander Meskouris is a licensed real estate agent in Manhattan. In the following article, Alexander Meskouris explains what sellers need to know when trying to get the best price in the luxury real estate market. Alexander Meskouris says that at first glance, selling luxury real estate may seem like a guaranteed jackpot, but it’s a […]]]>
Alexandre Meskouris

Alexander Meskouris is a licensed real estate agent in Manhattan. In the following article, Alexander Meskouris explains what sellers need to know when trying to get the best price in the luxury real estate market.

Alexander Meskouris says that at first glance, selling luxury real estate may seem like a guaranteed jackpot, but it’s a highly competitive market dominated by a frighteningly small population of buyers. For a seller to earn top dollar on their properties, they must navigate the market to find a buyer who is willing to purchase a high-priced unit before marketing it to their taste and aesthetic.

While there is certainly a lot of money to be made in this area, Alexander Meskouris says sellers need to be careful not to exceed their investment or they will run the risk of losing profits. Let’s explore some of these considerations and dive into the complexities of selling million-dollar properties to the nation’s wealthiest elite.

Alexander Meskouris on the No. 1 risk for luxury real estate sellers

When comparing two properties side by side, a luxury unit will appear larger, better positioned, better furnished, and perhaps even with a better view. However, Alexander Meskouris claims that the construction of luxury homes requires a greater financial investment from the developer. If they find it difficult to sell the luxury properties in a reasonable time, they could lose the investment they have made.

For example, construction of a row of ultra-luxury apartments in Manhattan, known as Billionaires’ Row, began in 2009 and today consists of seven luxury apartment buildings. However, since its construction, nearly half of Billionaire’s Row remains unsold. Among the apartments sold, most remain uninhabited.

With a construction cost of around $1.5 billion per building, Alexander Meskouris says it’s crucial for the developer to sell quickly and fill the buildings as soon as possible. However, this turns out to be more difficult than expected.

What sellers need to consider to make a profit

In order to make a profit on their high-priced properties, sellers must pay close attention to their market and create the idea that their units are rare, elite, and worth every penny of the price. These considerations are actually quite similar to what any real estate developer or seller would consider, but on the scale of a luxury aesthetic according to Alexander Meskouris.

Some of these considerations include:

  1. Hire the right real estate agent – In order to sell a luxury property, sellers must hire experienced real estate agents with specialized knowledge in selling high-end homes. They will know the buyers in this market and know how to sell the property to them in a way that suits the tastes of the wealthy.
  2. Assess the property correctly – When it comes to price, even luxury properties have a goldilocks area. Most apartments in Manhattan’s Billionaire’s Quarter are bought to be little more than an investment for the nation’s wealthiest. If apartment prices are too high, it reduces the potential profit a buyer could make by purchasing the unit.
  3. Staging the good – As with all real estate, it is important to stage the property in a way that appeals to buyers. For luxury properties, Alexander Meskouris says that means selling amenities like Michelin-starred chefs, celebrity interior designers and sweeping sweeping views of Central Park.
  4. Marketing of the property – Marketing is the number one priority for many sellers. They need to be selective about who they sell while being forgiving enough that any legitimately interested party can see the property and make an offer. This means going through select channels that have ties to the wealthy elite.
  5. Negotiate the sale – Unlike standard real estate sales, most luxury sales go through a legal team trained to negotiate million dollar deals. Both buyer and seller must be prepared to meet each other’s terms and have a clear understanding of the sale before anything can be finalized.

When it comes to luxury properties, Alexander Meskouris reports that a higher price means higher stakes. From finding a wealthy buyer to the marketing and staging process, selling homes to the nation’s wealthiest is certainly not an easy industry. While this can be very profitable in the long run, the initial selling period can be fraught with anxiety.

Final Thoughts

Alexander Meskouris explains that selling luxury real estate is a process that requires patience, attention to detail and a willingness to negotiate. Although this is a highly competitive market, sellers who are able to navigate the market and find a buyer willing to pay top dollar for their property can make a significant profit.

Their considerations must go beyond the standard real estate market as they must accommodate the unique tastes of the wealthy elite. From staging to marketing, every step of the sales process must be tailored to this market if sellers hope to make a profit on their investment.

]]>
In Kandahar, gold trade halves as demand drops – Pajhwok Afghan News https://stormbirds.net/in-kandahar-gold-trade-halves-as-demand-drops-pajhwok-afghan-news/ Sat, 14 May 2022 16:18:06 +0000 https://stormbirds.net/in-kandahar-gold-trade-halves-as-demand-drops-pajhwok-afghan-news/ KANDAHAR CITY (Pajhwok): Jewelers in southern Kandahar province say their business has recently fallen by 50% as demand for the precious metal has fallen due to rising poverty and unemployment. They say that instead of buying gold, people have started selling their jewelry to meet other needs due to the hard economic times. Jawad, a […]]]>

KANDAHAR CITY (Pajhwok): Jewelers in southern Kandahar province say their business has recently fallen by 50% as demand for the precious metal has fallen due to rising poverty and unemployment.

They say that instead of buying gold, people have started selling their jewelry to meet other needs due to the hard economic times.

Jawad, a jeweler from Kandahar City, told Pajhwok Afghan News that in the past there were a lot of customers and they sold gold earrings, bracelets and other jewelry almost every day. days, but they didn’t sell anything in an entire week.

“Gold trading in Kandahar is down 50% from the past. People no longer buy jewelry but sell it because their economic situation has deteriorated and unemployment has increased.

He said the situation had worried them and hurt their businesses.

Mohammad Reza, another gold seller in the same market, said gold trading had halved and people were selling gold to them instead of buying it.

He added that every day more and more people were coming to the stores and selling their jewelry as unemployment had risen and people wanted to support themselves.

“In the past, after every Eid-ul-Fitr, there were more weddings and every family bought gold for their wives, but this year the situation has changed,” he said.

According to him, people no longer have the means to buy gold as they used to and think of meeting their other important needs.

But some goldsmiths say that although the gold trade has fallen, it is still profitable.

Ali Ahmad, another gold seller, told Pajhwok Afghan News: “Gold trading has gone down, but if we buy it or sell it, we make a profit. That is why there is no particular difference. ”

On the other hand, those who sell their family’s gold say that in the past, their life and job were good, but after the change of country, their livelihood was affected economically and they were forced to sell their family’s jewelry and meet their other basic needs. Needs.

Mohammad Anwar is one of the Kandahar city residents who came to the jewelry market to sell his house jewelry.

He told Pajhwok Afghan News that he wanted to sell two pairs of bracelets. “Before, I worked for a company, I had a good salary,” he added. But then it stopped. I was unemployed for a few months. I have no more money, so I sell the gold from my house and do business with it. ”

Officials from the Kandahar Jewelers Union say that despite the decline in the gold trade, the price has already risen.

Ahmad Shakib, deputy director of the Kandahar Jewelers Union, told Pajhwok Afghan News that recent political upheavals in Afghanistan have worsened the economic situation and affected the gold trade.

He added: “The economic situation has deteriorated and it has also affected gold trading, but the price of gold has increased over the past three years. In the past, the price of a gram of gold was 3500 or 4000 Afghanis but now it is 5500 or 6000 Afghanis”.

mom

Hits: 31

]]>
Larsen & Toubro (L&T), Jammu and Kashmir Bank, Poonawalla Fincorp, Aditya Birla Capital, Apollo Tyres, Stock List in Focus Today https://stormbirds.net/larsen-toubro-lt-jammu-and-kashmir-bank-poonawalla-fincorp-aditya-birla-capital-apollo-tyres-stock-list-in-focus-today/ Fri, 13 May 2022 04:17:52 +0000 https://stormbirds.net/larsen-toubro-lt-jammu-and-kashmir-bank-poonawalla-fincorp-aditya-birla-capital-apollo-tyres-stock-list-in-focus-today/ National Stock Exchanges Thursday fell 2.2% Fears of high inflation and the possibility of further interest rate hikes made investors nervous, leading to selling pressure. The benchmark Sensex plunged 1,158 points to 52,930.31 and the NSE Nifty 359 points to 15,808.00 as the broad sell-off, led by overseas investors, hit sentiment. Looking ahead, here are […]]]>

National Stock Exchanges Thursday fell 2.2% Fears of high inflation and the possibility of further interest rate hikes made investors nervous, leading to selling pressure.

The benchmark Sensex plunged 1,158 points to 52,930.31 and the NSE Nifty 359 points to 15,808.00 as the broad sell-off, led by overseas investors, hit sentiment.

Looking ahead, here are the top actions to watch on Friday, May 13, 2022:

Larsen & Toubro (L&T)

Larsen & Toubro on Thursday announced a 10% growth in its consolidated net profit to Rs 3,620.69 crore for the quarter ended March 2022. The company had posted a consolidated net profit of Rs 3,292.81 crore during the period a year ago, Larsen & Toubro (L&T) said.

Consolidated revenue in the quarter under review rose to Rs 53,366.26 crore from Rs 49,116.16 crore a year ago.

Bank of Jammu and Kashmir

Jammu and Kashmir Bank on Thursday announced a net profit of Rs 112.20 crore for the January to March quarter of fiscal 2022 against Rs 315.75 crore in the previous year quarter.

The bank’s total revenue rose to Rs 2,209.40 crore in the fourth quarter from Rs 2,108.01 crore a year ago, according to a regulatory filing.

For the full financial year 2021-22, the bank reported net profit of Rs 501 crore, recording a 16% year-on-year growth.

Poonawalla Fincorp

Poonawalla Fincorp on Thursday reported consolidated net profit of Rs 118.9 crore for the quarter ended March. The non-banking financial company had reported a net loss of Rs 647.70 crore in the same quarter a year ago.

Total operating revenue decreased by 11% to Rs 512.20 crore in the fourth quarter of FY22 from Rs 572.80 crore in the same period of FY21, the company said in a statement. The company’s board has recommended a 20% dividend payment, subject to shareholder approval, he said.

Assets Under Management (AUM) for FY22 increased to Rs 16,579 crore, recording 17% growth from FY21, while disbursements amounted to Rs 9,494 crore, up 158% from FY21. The company said its housing subsidiary Poonawalla Housing Finance Limited (PHFL) crossed the Rs 5,000 crore AUM mark in March 2022.

Capital Aditya Birla

Aditya Birla Capital on Thursday announced a 20% increase in its consolidated profit after tax to Rs 450 crore in the quarter ended March 2022. The company’s consolidated revenue for the fourth quarter of FY22 increased up 18% from a year ago to reach Rs 6,962 crore, Aditya Birla Capital (ABCL) said in a statement.

For the full fiscal year 2021-22, consolidated revenue increased by 16% year-on-year to Rs 23,633 crore. Consolidated profit after tax for the year rose 51% to Rs 1,706 crore, the highest ever recorded by the company, it added.

Apollo tires

Apollo Tires said on Thursday that its consolidated net profit fell 61% to Rs 113 crore for the fourth quarter ended March. The company had reported a consolidated net profit of Rs 287 crore in the January to March quarter of the 2020-21 financial year.

Operating revenue rose 11% to Rs 5,578 crore from Rs 5,026 crore in the fourth quarter of FY21, Apollo Tires said in a statement.

For the financial year ended March 31, 2022, the tire giant said its net profit increased by 82% to Rs 639 crore from Rs 350 crore in 2020-21. Operating revenue rose 20% to Rs 20,948 crore from Rs 17,397 crore in FY21, the company said.

– PTI inputs

]]>
Toyota posts record full-year net profit, cautious outlook https://stormbirds.net/toyota-posts-record-full-year-net-profit-cautious-outlook/ Wed, 11 May 2022 05:17:39 +0000 https://stormbirds.net/toyota-posts-record-full-year-net-profit-cautious-outlook/ Toyota is the best-selling car manufacturer in the world – Copyright AFP Philip FONG Kyoko HASEGAWA Toyota posted record full-year net profit on Wednesday, helped by strong sales and a cheaper yen, but issued a cautious outlook as the pandemic and war in Ukraine disrupt supply chains. The Japanese auto giant, which retained its crown […]]]>

Toyota is the best-selling car manufacturer in the world – Copyright AFP Philip FONG

Kyoko HASEGAWA

Toyota posted record full-year net profit on Wednesday, helped by strong sales and a cheaper yen, but issued a cautious outlook as the pandemic and war in Ukraine disrupt supply chains.

The Japanese auto giant, which retained its crown as the world’s top-selling automaker in 2021, reported net profit of 2.85 trillion yen ($22 billion), up 26.9% from the previous year.

But for the current year to March 2023, it said it expected to post annual net profit of 2.26 trillion yen ($17.3 billion), citing continued uncertainties.

Toyota said its strong results were due in part to favorable exchange rates, with a cheaper yen helping to boost profits from overseas sales.

He also cited cost-cutting efforts and stronger sales through marketing efforts.

In the year to March 2022, operating profit jumped 36.3% year-on-year to 3 trillion yen, while sales rose 15.3% to 31,400. billion yen, also a record.

Toyota’s strong sales came despite the company being forced to repeatedly adjust production targets due to supply chain issues ranging from semiconductor shortages to coronavirus-related factory closures. pandemic.

On Tuesday, it announced it was suspending production at its eight domestic factories for six days due to the impact of China’s strict Covid measures – particularly in economic powerhouse Shanghai, which has been on lockdown since April.

The shutdown forced Toyota to cut its global production target in May from 50,000 units to 700,000 vehicles, the latest in a series of revisions.

Operations were also impacted by an earthquake in Japan and a cyberattack on a Toyota supplier.

The company has set a production target for the current fiscal year of 9.7 million units, after hitting a revised target of 8.5 million units for the year to March 2022.

“We have set our production volume assumption at an appropriate level, with safety and security being our top priority,” Toyota said.

“We expect a decline in our operating profit due to unprecedented increases in material and logistics costs.”

– Chips, currency, Covid, conflict –

Russia’s invasion of Ukraine was the most unpredictable factor so far, said Masayuki Kubota, chief strategist at Rakuten Securities.

“The chip shortage and the impact of Covid are issues that have been around for a while and have dragged on, but the biggest problem is Russia,” he told AFP. .

“The development of the situation in Russia is unclear,” so companies should issue cautious forecasts for the full year, he added.

In March, Toyota announced it would suspend operations at its sole plant in Russia and stop shipping vehicles to the country, citing “supply chain disruptions” linked to Moscow’s assault on Israel. Ukraine.

Its St. Petersburg plant produced around 80,000 vehicles last year, mostly for the Russian market and representing only a fraction of the 10.5 million vehicles produced worldwide by the Japanese group.

Other factors, however, are likely to be more positive for the automaker, including a decline in the yen which has touched 20-year lows against the dollar in recent weeks.

A weaker yen inflates the value of Toyota’s overseas earnings and some analysts believe it will help the company and other Japanese automakers offset some of the challenges of the current business environment.

Rising commodity prices could also be a boon, Kubota said.

“Soaring gasoline prices have in the past worked in favor of fuel-efficient Japanese gasoline cars,” he said, though more expensive commodities may also affect production costs.

Like other automakers, Toyota is still grappling with the impact of a global shortage of semiconductors, an essential component of modern vehicles.

Toyota has found itself unable to escape the crisis, but still appears to be in a better position than some rivals, having developed strong ties with domestic suppliers after the 2011 earthquake and tsunami in Japan.

“Its recovery is faster than that of its competitors, even in the face of chip shortages…the company has maintained direct discussions with its suppliers,” said Eiji Hakomori, automotive industry analyst at Daiwa Securities, in a statement. ahead of Toyota’s results.

]]>
Apple and 3 other stock insiders sell https://stormbirds.net/apple-and-3-other-stock-insiders-sell/ Mon, 09 May 2022 13:33:43 +0000 https://stormbirds.net/apple-and-3-other-stock-insiders-sell/ Gold futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates that they are concerned about the prospects of the company or that they consider the stock to be overvalued. Either way, this signals an opportunity to go short on the stock. Insider selling should not […]]]>

Gold futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it indicates that they are concerned about the prospects of the company or that they consider the stock to be overvalued. Either way, this signals an opportunity to go short on the stock. Insider selling should not be considered the sole indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is an overview of some recent notable insider sales. To find out more, see Benzinga Insider Trading Platform.

Apple

  • The exchange: Apple Inc. AAPL SVP, GC and Secretary Katherine L Adams sold a total of 25,000 shares at an average price of $161.72. The insider received approximately $4.04 million from the sale of these shares.
  • What is happening: Apple is reportedly exploring a new addition to its services business, underscoring Cupertino’s focus on this rapidly growing unit.
  • What Apple does: Apple designs a wide variety of consumer electronics, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods and TV boxes (Apple TV), among others.

Twitter

  • The exchange: Twitter, Inc. TWTR Chief Revenue Officer Bruce Falck sold a total of 20,069 shares at an average price of $48.89. The insider received approximately $981.2 thousand from the sale of these shares.
  • What is happening: Twitter reportedly talked about advertising opportunities on its platform at an event in New York, even as Tesla CEO Elon Musk prepares to take over the company.
  • What does Twitter do: Twitter is an open distribution platform and a conversation platform around short text content (maximum 280 characters), images and videos.

Also check this: 4 Stocks Under $3 Insiders Are Buying Aggressively

the morning star

  • The exchange: Morningstar, Inc. MORNING Executive Chairman Joseph Mansueto sold a total of 9,007 shares at an average price of $258.12. The insider received approximately $2.32 million as a result of the transaction.
  • What is happening: Morningstar in April reported Q1 Adjusted EPS of $1.41.
  • What Morningstar does: Morningstar Inc is a provider of independent investment research for financial advisors, asset managers and investors. The company focuses its operations on two main sectors: data and research.

Take a look at our pre-market coverage here.

western digital

  • The exchange: Western digital society WDC SVP & Principal. Accountant Gene Zamiska sold a total of 4,776 shares at an average price of $63.00. The insider received approximately $300.89 thousand from the sale of these shares.
  • What is happening: Elliott Investment Management recently sent a letter to Western Digital’s board, calling for a full strategic review of the value that could be created by spinning off its flash unit.
  • What Western Digital does: Western Digital is a leading vertically integrated provider of data storage solutions, spanning both hard disk drives (HDDs) and solid state drives.
]]>
St. John’s nonprofit aims to create a supportive community for struggling caregivers https://stormbirds.net/st-johns-nonprofit-aims-to-create-a-supportive-community-for-struggling-caregivers/ Sat, 07 May 2022 19:25:24 +0000 https://stormbirds.net/st-johns-nonprofit-aims-to-create-a-supportive-community-for-struggling-caregivers/ A group of mothers in St. John’s hopes to fill a much-needed gap for new parents by offering a supportive community to help with supplies, answer questions or just lend an ear to listen. Mothers of Avalon was started by Krista Noftall and Kathryn Byrne – two mothers who have lived the experience and know […]]]>

A group of mothers in St. John’s hopes to fill a much-needed gap for new parents by offering a supportive community to help with supplies, answer questions or just lend an ear to listen.

Mothers of Avalon was started by Krista Noftall and Kathryn Byrne – two mothers who have lived the experience and know the stress and doubt that can come with raising a child.

“We have big goals to provide support and help to struggling mothers and caregivers in Newfoundland and Labrador,” Noftall said.

“And although our name is Mothers of Avalon, we are open to anyone who is primarily caring for a child.”

Noftall said the idea stemmed from her experience with postpartum depression and the day-to-day struggles of parenthood. Expert advice can be difficult to access, and the pandemic has only put more pressure on already fragmented support systems.

She worried about what other parents were going through, especially single caregivers who might be struggling on their own.

Byrne, who is a single mother, said she was also motivated by her own experience of prenatal depression.

“There are so many parents who need support and not as many resources as there should be,” she said.

The group hopes to not only provide access to healthcare and childcare experts, but also provide a community to lean on in times of struggle or doubt.

“Now it’s time for me to give back”

Mothers of Avalon held a craft market in St. John’s on Saturday to help raise funds for its future programs. Linda Brown, a mother herself, sold her resin art there and donated a portion of the profits to the non-profit group.

Linda Brown was at the Mother’s Day Market selling resin art. Brown said her own experience made her identify with the goals of Mothers of Avalon. (Ryan Cooke/CBC)

As a member of the LGBTQ community and someone who has experienced periods of homelessness in the past, Brown said she can really connect with the group’s goals.

“I was able to kind of come out of this and rebuild my life by accessing social supports and communities like this, and now it’s time for me to give back to other mothers and caregivers who have not not as many opportunities and being able to nurture them so they can become independent and thrive,” she said.

Like all parents, Brown said she learned valuable lessons from her lived experience and raising a child.

“We’re all works in progress and we all have more to learn, no matter what you know,” she said.

“Your kids can really humble you and help you remember what’s important in life, which is that community, that connection, that family, and that love. And that’s really what it’s about.”

Mothers of Avalon hopes to create a slate of programs this summer that will help primary caregivers access supports like mental health counselors, lactation consultants and more.

Midsummer morning show7:45Avalon Mothers

A new group brings mothers to help mothers. 7:45

Learn more about CBC Newfoundland and Labrador

]]>
Taaleri Plc interim statement from January 1 to March 31, 2022: https://stormbirds.net/taaleri-plc-interim-statement-from-january-1-to-march-31-2022/ Fri, 06 May 2022 05:00:00 +0000 https://stormbirds.net/taaleri-plc-interim-statement-from-january-1-to-march-31-2022/ TAALERI PLC STOCK EXCHANGE RELEASED ON MAY 6, 2022 AT 8:00 AM (EEST) Taaleri Plc Interim Statement January 1–March 31, 2022: by Taaleri the continuing result increased to 9.3 million euros in the first quarter, but the unrealized changes in the fair value of the investment operations weighed on the result and the operating result […]]]>

TAALERI PLC STOCK EXCHANGE RELEASED ON MAY 6, 2022 AT 8:00 AM (EEST)

Taaleri Plc Interim Statement January 1–March 31, 2022: by Taaleri the continuing result increased to 9.3 million euros in the first quarter, but the unrealized changes in the fair value of the investment operations weighed on the result and the operating result

January–March 2022

  • The continuing result increased by 4.3% to EUR 9.3 (8.9) million. The continuing result of the Private Asset Management segment increased by 15.8% to EUR 4.9 (4.2) million, and the continuing result of the Strategic Investments segment by 7.5% to EUR 3.9 (3.6) million.
  • Outperformance fees amounted to 0.5 (0.8) million euros and income from investment transactions to -2.6 (4.0) million euros due to changes in fair value.
  • Revenues amounted to 7.2 (13.7) million euros, down 47.6% due to unrealized changes in the fair value of investment operations for -2.8 (1.7) millions of euros.
  • The operating result amounts to -0.7 (5.8) million euros.
  • Assets under management in the Private Asset Management segment increased by 1.5% to EUR 2.3 (31.12.2021: 2.2) billion.
  • Earnings per share were EUR -0.05 (0.25).

The interim statement has not been prepared in accordance with IAS 34. The interim statement is unaudited. See page 16 for more information on interim statement accounting policies.

REVIEW BY CEO Pierre RAMSAY

In the first quarter of 2022, we continued to advance our strategy with a focus on renewable energy, real estate and bioindustry. Both Garantia’s private wealth management and guarantee insurance activities developed well and operating profit excluding investment operations amounted to 2.0 million euros, corresponding to a profit margin of 20%. On the other hand, changes in the fair value of the Group’s investment operations weighed on the Group’s profit and operating profit. The decrease in the fair value of investments is explained, among other things, by the rise in interest rates which affected the valuations of Garantia’s investment portfolio.

The Russian invasion of Ukraine and the resulting change in the geopolitical situation did not have a direct impact on our activities. Taaleri has no business activities or investments in Russia or Ukraine. Europe’s drive to break away from Russian gas, oil and coal will increase demand for renewables, which will sustain our private management business in the long term. At the same time, the transition to renewable energies is reflected, for example, in the development of projects by a tightening of competition and an increase in costs. We believe that our strong long-term investment in the development of our own projects improves our relative competitiveness in this situation.

Despite the geopolitical situation and rising interest rates, we believe that demand for private equity funds will remain strong, as they will allow investors to diversify risk and even out returns. The country risk in Finland feared at the start of the Ukrainian crisis does not yet seem to have materialized. An indication of this is a transaction made after the reporting period, in which Taaleri Datacenter Ky sold its stake in Ficolo Ltd to a UK company. Taaleri expects to record profits totaling approximately €14 million from the co-investment transaction it manages in the form of returns and performance fees in the third quarter of the year.

In the private asset management segment, operating activity strengthened compared to last year and continued profit increased by approximately 16% in the first quarter. During the reporting period, the renewable energy sector focused, for example, on advancing Taaleri SolarWind II fund projects that were in the construction phase. Furthermore, the construction of the project development portfolio has started as planned and at the end of the review period, our portfolio already included 12 projects.

The real estate activity carried out several transactions in March. We successfully exited the Taaleri Daycare Properties fund by selling the fund’s ten daycares to a Norwegian buyer. In addition, we made four new investments in Aktia’s special investment funds in the portfolio management of the real estate business.

In the field of bioindustry, the sale of private equity fund Taaleri Bioindustry I has started in Aktia. During the review period, it was decided to invest in a torrefied biomass plant to be built in Joensuu. The project will be implemented as a co-investment. Additionally, we have invested in Nordtreat, a company that produces environmentally friendly flame retardants, which opens up investment opportunities for the private equity fund.

In the Strategic Investments segment, Garantia’s guarantee insurance activities continued to develop well. The net result of the insurance and guarantee operations increased compared to the corresponding period by 7.4% to EUR 3.9 million, and the combined ratio describing the profitability of the insurance operations was excellent at 31.3% . In particular, Garantia’s investment operations suffered from rising interest rates and changes in risk premiums, but most of the investment losses were unrealized changes in fair value.

During the first quarter, we completed the culture and corporate values ​​project started last year. Taaleri has changed as a business with the sale of the wealth management business, so we wanted to update our target culture and values ​​to something that best supports the implementation of our strategy and our day-to-day work. Our three new values ​​- With Know-How, Skills and Will, Daring to Succeed and Supporting Each Other – give us an excellent base from which to pursue our vision of being a Nordic pioneer in alternative investments with a focus on sustainability.

GROUP KEY FIGURES

Group key figures 13/2022 13/2021 Switch, % 1-12/2021
Key results figures
Continuing profit, MEUR 9.3 8.9 4.3 40.7
Income, EUR 7.2 13.7 -47.6 69.7
Operating profit, MEUR -0.7 5.8 n / A 30.8
Operating profit, % negative 42.7 44.2
Profit for the period in the consolidated income statement, MEUR -1.2 6.8 n / A 136.1
Return on equity*, % -2.2 20.7 75.0
Balance sheet key figures
Equity ratio, % 72.1 48.1 72.1
Other key figures
Cost-to-income ratio excluding investment operations 83.3 88.6 77.9
Cost/revenue ratio 111.6 60.8 58.3
Full-time employees of continuing operations, end of period 101 103 -2.0 104
Assets under management in the Private Asset Management segment, BEUR 2.3 1.7 2.2
Guaranteed insurance portfolio, BEUR 1.7 1.7 1.7

*Annualized

FINANCIAL OUTLOOK AND OBJECTIVES

Taaleri does not publish short-term outlooks. However, the company has set targets for growth, profitability and return on invested capital.

Taaleri’s long-term goals include:

  • Continued earnings growth of at least 15%
  • Operating profit at least 25 percent of revenue
  • Return on equity of at least 15%.

The company’s objective is to distribute to its shareholders at least 50 percent of the profit for the financial year as well as the capital that the company does not need for growth investments or to achieve its solvency objectives.

WEBCAST PRESENTATION FOR ANALYSTS AND MEDIA

A live webcast for analysts and media will take place on May 6, 2022 at 11:00 a.m. The event is in Finnish. The webcast can be followed online at https://taaleri.videosync.fi/osavuosikatsaus-q1-2022/. The event will be recorded and available later on Taaleri’s investor pages at www.taaleri.com/investors/reports-and-presentations.

Helsinki, 6 May 2022
Taaleri Plc
board of directors

For more information, please contact:
CEO Peter Ramsay, +358 50 343 7493, peter.ramsay@taaleri.com
Chief Financial Officer Minna Smedsten, +358 40 700 1738, minna.smedsten@taaleri.com
Communication and IR Manager Siri Markula, +358 40 743 2177, siri.markula@taaleri.com

Distribution:
Nasdaq Helsinki
Key media
www.taaleri.com

Taaleri in a nutshell

Taaleri is a Nordic investment and asset manager specializing in renewable energy and other alternative investments. We channel capital into economically profitable businesses that have a lasting positive impact on the environment and society. We combine capital with talent, expertise, entrepreneurship and an audacious sense of purpose. We have been a signatory to the United Nations Principles for Responsible Investment (UNPRI) since 2010 and joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic pioneer in alternative investments focused on sustainability.

Taaleri has two business lines: Private Asset Management and Strategic Investments. Private Asset Management includes renewable energy, real estate and bio-industry companies. The Strategic Investments segment includes Garantia Insurance Company Ltd.

Taaleri has €2.3 billion in assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.

www.taaleri.com

Siri Markula, Communication and IR Manager, tel. +358 40 743 2177, siri.markula@taaleri.com

  • Taaleri Q1 2022 interim statement

]]>
The suburb where every property sells for a profit https://stormbirds.net/the-suburb-where-every-property-sells-for-a-profit/ Wed, 04 May 2022 06:31:00 +0000 https://stormbirds.net/the-suburb-where-every-property-sells-for-a-profit/ For the unit market, the regions of Victoria’s Surf Coast, Queensland’s Noosa and NSW’s Byron were the most lucrative, with each apartment sold generating a median profit of up to $623,000. In the three months to December, vendors made a total of $38 billion in resale profits nationwide — CoreLogic’s highest-ever quarterly gain and 28% […]]]>

For the unit market, the regions of Victoria’s Surf Coast, Queensland’s Noosa and NSW’s Byron were the most lucrative, with each apartment sold generating a median profit of up to $623,000.

In the three months to December, vendors made a total of $38 billion in resale profits nationwide — CoreLogic’s highest-ever quarterly gain and 28% more than the previous quarter.

Of the 133,000 resales analyzed, an estimated 93.8% were profitable, an increase of 1.4 percentage points from the September quarter.

In Sydney, 95.7% of all sales were at a profit, down 0.10 percentage points from the previous three months, driven by a slight increase in loss-making unit sales.

In Melbourne, the proportion of profitable sales increased by 0.20 percentage points to 96.1%. This was boosted by a 0.1 percentage point rise in the share of for-profit home sales to 99.6% – the highest rate in major capital property markets.

Hobart remained the most profitable capital, with 98.3% of all sales sold above purchase price. It was the 14th consecutive quarter that Hobart had topped the for-profit sales rate.

The for-profit sales rate in Brisbane rose by 2.5 percentage points to 93.5%, while Adelaide recorded a rise of 1 percentage point to 97.2%.

Perth’s share of profitable sales jumped 3.2 percentage points to 83.1% of all sales, while ACT rose 1.7 percentage points to 98.2%.

Darwin posted the lowest rate of lucrative sales at 73.1% of all transactions, but this is a big improvement from a year ago when only 51.5% of resales achieved a nominal gain.

Regional homes barely held up in capitals, with 94% of all sales bringing a profit, compared to 93.7% in urban areas.

Going forward, profitability is expected to decline in Brisbane, Adelaide, Hobart and some areas as interest rates rise and affordability deteriorates, Ms Owen said.

“I think we might start to see profitability plateau in some warmer markets,” she said.

“However, I think we’re going to continue to see improvements in cities like Perth and Darwin, and some of those resource-based markets, just because they seem to have gotten a boost at the start of the year.

“So the markets [that] have been traditionally weak may actually lead to improvements in profitability in the March quarter. »

]]>
Square Enix failed to capitalize on its Western studios https://stormbirds.net/square-enix-failed-to-capitalize-on-its-western-studios/ Mon, 02 May 2022 16:14:43 +0000 https://stormbirds.net/square-enix-failed-to-capitalize-on-its-western-studios/ Missed a GamesBeat Summit 2022 session? All sessions are available to stream now. Learn more. Square Enix is ​​washing its hands of its biggest western studios. The company announced that it was selling Eidos and Crystal Dynamics to Embracer Group. This raises a lot of questions about what happens next with Square Enix, but let’s […]]]>

Missed a GamesBeat Summit 2022 session? All sessions are available to stream now. Learn more.


Square Enix is ​​washing its hands of its biggest western studios. The company announced that it was selling Eidos and Crystal Dynamics to Embracer Group. This raises a lot of questions about what happens next with Square Enix, but let’s focus on the why first. Why did Square Enix abandon Tomb Raider and Deux Ex studios? And why for the seemingly low price of $300 million?

The bottom line reasoning for this move is profitability. Square Enix spent a lot of money on these studios, but they couldn’t figure out how to make an income from that investment. In 2021, Eidos Interactive generated its highest revenue in three years. But these revenues did not offset its costs – Eidos had a profit margin of 0.65%. During this same period, Crystal Dynamics also recorded its highest revenue, but generated a profit margin of only 3.6%.

“Square Enix as a whole had an operating margin of 14.2% last year,” said Daniel Ahmad, analyst at Niko Partners. wrote on Twitter.

Square Enix is ​​clearly out of ideas

Companies hate to weigh on their profitability, but that doesn’t mean they instantly sell underperforming business units. Square Enix had the choice of figuring out what to do next with Crystal Dynamics and Eidos. But this deal suggests that Square Enix was out of ideas.

The publisher has already moved from Crystal Dynamics and Eidos working on their own IP to working on Disney’s main Marvel brand. The cost of this license almost certainly contributed to the low profitability of the studios. But more than that, you get the sense that Square Enix is ​​saying, “If Marvel couldn’t make these studios profitable, nothing could.”

As I reported at the time of release, Eidos’ Guardians of the Galaxy seriously underperformed. It sold less than 1.5 million copies in its first two months, even after several retail discounts.

If we look at competing publishers, we can see that Square Enix had other – not great – options.

EA has repeatedly shut down any project that did not have at least a 15% projected profit margin. This, however, left the studio with fewer and fewer projects each year.

Activision adopted a similar tact to EA, but instead of closing studios, it simply put all of its teams into Call of Duty or Blizzard content farms. Square Enix has already experimented with this. He made a deal to let Crystal Dynamics work with Microsoft’s The Initiative on Perfect Dark.

Why so low?

The low profitability of Crystal Dynamics and Eidos is causing their value to fall. Embracer would get a better return on its money by simply putting $300 million into an index fund. At least if the studios continue on a similar trajectory through 2021.

But both companies know that studios are likely to produce better net income when working on their own intellectual property. Eidos had a profit margin of 7.2% in 2019, for example. And IP addresses themselves have value.

So even when you factor in the cost of running a studio, Embracer gets a lot for a pretty low price. This suggests that Square Enix either has a whole new business strategy or other motivations.

Square Enix has previously said it wants to invest more in blockchain, AI, and cloud gaming. And he probably will. Crystal Dynamics and Eidos probably had no interest or expertise in these areas. The publisher is therefore pursuing a future that did not need these teams.

But it is also important to recognize the context in which this agreement is taking place. Massive conglomerates like Microsoft are buying giant publishers like Activision. Tencent is always looking to make acquisitions. Sony PlayStation has indicated that it wants to keep moving. And all the other publishers are trying to position themselves to be bought out, merged, or acquired something else themselves.

By ditching its underperforming studios, Square Enix is ​​streamlining itself for a potential acquisition. And this is perhaps the continuation of this story.

The GamesBeat creed when covering the video game industry is “where passion meets business”. What does it mean? We want to tell you how much the news means to you, not only as a decision maker in a game studio, but also as a game fan. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about and engage with the industry. Learn more about membership.

]]>
Saudi Salam plans to sell optical fiber to TLS https://stormbirds.net/saudi-salam-plans-to-sell-optical-fiber-to-tls/ Tue, 26 Apr 2022 09:25:12 +0000 https://stormbirds.net/saudi-salam-plans-to-sell-optical-fiber-to-tls/ Riyadh – Integrated Telecom Company (Salam) has announced its intention to sell all of its fiber optic network assets and components to Technical Links Services (TLS). TLS is a limited liability company, founded by Mawarid Holding Company (MHC) in 2020. TLS obtained a license for wholesale infrastructure services from CITC in 2021. Salam has received […]]]>

Riyadh – Integrated Telecom Company (Salam) has announced its intention to sell all of its fiber optic network assets and components to Technical Links Services (TLS). TLS is a limited liability company, founded by Mawarid Holding Company (MHC) in 2020. TLS obtained a license for wholesale infrastructure services from CITC in 2021.

Salam has received CITC approval for a three-phase implementation plan to transfer all of Salam’s fiber optic network assets to TLS. According to the “implementation plan”, the asset repositioning process between Salam and TLS will be extended until the end of 2024. In addition, Salam will lease segments of the fiber optic network infrastructure to TLS based on of his needs.

The two companies have reached a sale agreement for the first phase of the transfer of all assets of the fiber optic network with 1,276 million Saudi riyals. The assets sold in the first phase will include the pits and dark fiber optic cables owned by Salam Company, with 537,000 access points spread across several cities and neighborhoods in the kingdom.

It should be noted that the financial impact of the first phase of asset sales will appear in Salam Company’s financial statements for the first quarter of 2022 and will not affect Salam’s income statement. Once the sale is completed, TLS will become one of the largest telecommunications service providers for the Kingdom’s fiber optic infrastructure.

All Rights Reserved – Mubasher Info © 2005 – 2022 Powered by SyndiGate Media Inc. (Syndigate.info).

]]>