E-Tranzact International Plc (ETRANZ.ng) HY2014 Interim Report

Posted On Jul 12 2021 by

first_imgE-Tranzact International Plc (ETRANZ.ng) listed on the Nigerian Stock Exchange under the Technology sector has released it’s 2014 interim results for the half year.For more information about E-Tranzact International Plc (ETRANZ.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the E-Tranzact International Plc (ETRANZ.ng) company page on AfricanFinancials.Document: E-Tranzact International Plc (ETRANZ.ng)  2014 interim results for the half year.Company ProfileE-Tranzact International Plc is a technology company in Nigeria offering services for electronic transaction switching and payment processing. The company has operations in Nigeria, Ghana, Kenya, Zimbabwe, South Africa, Cote d’Ivoire and the United Kingdom. E-Tranzact International Plc has established partnerships with universities, government authorities, parastatals, financial institutions, technology firms and aviation companies offering solutions for everything from cash dispensing machines and international money transfers to payments of salaries and third parties. BankIT is an alternative payment option that is accessible through multiple electronic channels; eTranzact CorporatePay allows private organisations and government agencies to automatically handle third party and salary payments; mCommerce is a mobile banking application; eRemit is an online international money transfer service; eTranzact Strong Authentication provides two-factor authentication for ATM, POS, mobile and web transactions; ATM CardlexCash is a global payment network; eTranzact WebConnect accepts and processes merchant payments; eTranzact PayOutlet allows merchants to collect payments from customers through eTranzact branches. eTranzact International is a subsidiary of eTranzact Global Limited. Its head office is in Lagos, Nigeria. E-Tranzact International Plc is listed on the Nigerian Stock Exchangelast_img read more


Argentina beat Wales in Cardiff for the first time in eleven years

Posted On Jun 18 2021 by

first_imgTuesday Nov 13, 2012 Argentina beat Wales in Cardiff for the first time in eleven years Argentina claimed a well deserved first victory in Cardiff for eleven years as they beat Wales 26-12 on Saturday. It gets worse for the hosts as it’s been confirmed that they’ve lost more players to injury ahead of their meeting with Samoa. Argentina, fresh from the Rugby Championship which saw them compete with the best of the southern hemisphere, showed how match-fit they were as they shut out the Six Nations champions.“Their experience and their exposure to the Rugby Championship have taken them to another level,” said Wales interim coach Rob Howley. “You have to play against the best to learn, and they’ve certainly learned from it.”Argentina’s inspirational captain Juan Martin Fernandez Lobbe said after the game that as a group, they were searching for the win for a long time. “We are so happy to be able to win against such a good team, the Six Nations champions.. It’s huge to get this win for this group, in this stadium, the best stadium in the world,” he added.An impressive game from flyhalf Nicolas Sanchez and excellent tries from Juan Imoff and Gonzalo Camacho proved the difference between the two sides, on a day that Wales would rather forget.“Modern day rugby, you’ve just got to forget that loss now and concentrate on Samoa,” said wing Alex Cuthbert, referring to their challenge with Samoa, who themselves beat Canada on Friday.“It was quite a weird game really, obviously it is no excuse (but) Jamie Roberts going off quite early, maybe disrupted our back-line, and Alun-Wyn going off as well, left us without an option at the line-out and we had to go front ball a lot of the time which is hard.“But no excuses because we have got quality players coming off the bench, it just seemed one of those days where it didn’t go right for us,” he added.Today it was confirmed that lock Alun-Wyn Jones, who went off with a shoulder injury, will be out for the rest of the autumn series, as will loose forward Josh Turnbell, who damaged knee ligaments.Jamie Roberts, who took a big knock against Argentina, is continuing to be assesed for mild concussion and may be availale to face Samoa.Wales face New Zealand and Australia after that this weekend’s game against Samoa. Argentina travel to France next, then they face Ireland in Dublin on the 24th November.Watch the full matchADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more


New Chairman at RNLI

Posted On Jun 16 2021 by

first_imgThe RNLI has named former First Sea Lord and Chief of the Naval Staff Admiral Sir Jock Slater as its new Chairman.Sir Jock has been appointed following the retirement of Peter Nicholson CBE, who has served as Chairman since July 2000.As a member of the RNLI’s Council since 1999, Sir Jock has been Deputy Chairman since 2002. He has served on various RNLI committees including two years as Chairman of the Operations Committee between 2000 and2002. Advertisement  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 9 July 2004 | News New Chairman at RNLI AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Since his retirement as First Sea Lord and Chief of the Naval Staff in 1998, Sir Jock’s appointments have included Chairman of the Imperial War Museum and Chairman of the White Ensign Association. Tagged with: Management Recruitment / people About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more


Pro-fascist elected in Brazil: Resistance continues

Posted On Jun 15 2021 by

first_imgOct. 29 — People in São Paulo, Brazil’s largest city, came out into the streets following the announcement that pro-fascist Jair Bolsonaro won the Oct. 28 presidential election. Their message: The struggle may be in a worse place than a day earlier, but the struggle continues.This continuing struggle requires international solidarity of working-class organizations worldwide, including those in the U.S., with the Brazilian left and with that part of the population that resists the new president and his reactionary program.The retired army captain got 58 million votes compared to 47 million votes for Fernando Haddad of the Workers Party (PT). Based on Bolsonaro’s Oct. 7 first round victory, 46 percent to 29 percent, this result was no surprise. Haddad’s coalition drew closer, but still fell short.Bolsonaro is an extreme right-winger, a fascist. He insults women, attacks unions, supports using the army to kill people in the shantytowns or favelas whom he considers criminals, dehumanizes LGBTQ people and threatens communists with death.He also praises the generals who ran Brazil from 1964-85 and murdered 30,000 people, criticizing them only for not killing another 30,000 left-wing activists and union organizers.He has a base in the military itself and in the militarized police. He also has the support of the majority of the pastors of the evangelical churches, who preached that Bolsonaro was a savior and the PT were devils. The churches attract 20 percent of Brazil’s 208 million people. Washington supported them for decades to counter the influence of liberation theology based in the Catholic Church.At this difficult moment, there are important questions to answer: What happened so that the PT lost a significant number of votes from sectors of society that voted for it earlier and that Bolsonaro attacks? And how should the Brazilian left proceed to defend their people and organize to reverse this serious setback?While the PT transferred wealth to very poor Brazilians during an earlier period of economic growth, it never mobilized them for independent action. Nor did it confront the wealthy capitalists, leaving them the lion’s share of economic growth.During the economic downturn after 2009, it was inevitable that the Brazilian ruling class and middle class would resist and finally refuse to share dwindling profits with tens of millions of poor. The banks and oligarchs targeted PT leaders, whom they considered the problem. Brazil’s rich had the full support of U.S. imperialism, which was caught spying on President Dilma Rousseff, the second of the PT presidents.Growing poverty and unemployment drove more people into precarious work. Crime grew. The usual corruption rampant in any capitalist society spread among the politicians. Meanwhile, petty crime and growing violence made the poor feel unsafe and susceptible to appeals for law and order.No class collaborationAlthough all the capitalist parties were knee deep in corruption, megamedia outlets like O Globo focused their attacks on the social democratic PT as if that party invented bribes. The rich wielded the judiciary against the PT, a tactic known as “lawfare.” Congress, half of whose members are under suspicion of corruption, nevertheless impeached Rousseff and, in a frame-up, drove her out of office in 2016.As this year’s election drew closer, Lula da Silva, the most popular PT leader, was jailed for alleged corruption in another lawfare maneuver to keep him from contesting the election. Lula led early polls. He was a much better known and more popular political leader than Haddad, an academic.During the second round of the election, nearly all Brazil’s rich — along with the Wall Street Journal and the Donald Trump administration — backed ­Bolsonaro.The lesson is that the PT’s attempt to collaborate with the Brazilian capitalists crashed. The ruling class rejected it. The temptation to conciliate with the capitalists should die with this experience.In the end, some of the poor were susceptible to the lies that the PT was to blame for everything wrong. Some accepted fascist Bolsonaro’s phony image as an outsider coming to clean up politics. All will soon learn that the new president’s economic program will impose even more inequality and hurt all but the very rich.Anti-fascist frontIn an attempt to keep Bolsonaro from winning the presidency, the PT, the Communist Party of Brazil, the Socialism and Liberty Party and the Brazilian Communist Party (PCB), as well as the Brazilian Socialist Party, united. They, along with unions and the organizations of landless and homeless people, the women’s movement that mobilized under the slogan #EleNão (Not him) and the LGBTQ movement, organized anti-Bolsonaro demonstrations of tens of thousands.Already vicious forces inspired by Bolsonaro’s violent rhetoric have attacked and killed people, merely for being for Haddad.Today the PCB issued a statement: “It is necessary immediately that all popular and democratic forces should unite around the building of a broad anti-fascist front, which should mobilize the various social sectors dissatisfied with the election of Bolsonaro and those who will have their rights hit by the attacks to come.”Something like this anti-fascist front would have been needed even if Bolsonaro had lost. Now it is an emergency situation, as is the need to show solidarity with Brazil’s anti-fascists. Day one of the resistance.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more


Niall O’Dowd recieved Tipp O’Neill Disaspora Award in Buncrana

Posted On May 27 2021 by

first_img Facebook 75 positive cases of Covid confirmed in North News WhatsApp RELATED ARTICLESMORE FROM AUTHOR Google+ The biggest mistake ever by an Irish government was recalled by the first man ever to receive the Tip O’Neill Diaspora Award.Publisher Niall O’Dowd said a government decision blocked Irish people from access to the US “in perpetuity.”O’Dowd recalled at the award ceremony in Buncrana, how O’Neill, one of the most influential Irish-American politicians, wanted to ensure no Irish would be barred from ever entering the US.O’Neill, Speaker of the House of Representatives, wanted to put an exception into the 1965 immigration act that would have allowed the Irish to come legally into American “in perpetuity.”O’Dowd, who started the Irish Voice newspaper in America, Irish America magazine, and the news website IrishCentral.com, said it saddened him that O’Neill’s dream was never realised.He said the Irish government sent their ambassador around because Ireland had too much of a brain drain and they wanted to keep their people at home.”O’Dowd added: “It was the dumbest decision the Irish government ever made.”O’Dowd received his award, sponsored by Donegal County and Buncrana town councils, last night before dozens of cousins and other descendants of Tip O’Neill who had a very strong Donegal background.O’Dowd spoke of the “incredible potential” of the Irish diaspora . He urged the government to appoint a minister for the diaspora who would identify the next generation of billionaire Irish-Americans like Chick Feeney and Don Keough and who would also work seriously on issues such as immigration reform – so important to Irish living in the US as well as the Irish hoping to live legally there. Previous articleJason Smyth wins second gold medal at London ParalympicsNext articlePetrol bombs fired at police in Derry as they attend hoax alert News Highland Pinterest WhatsApp Twitter Main Evening News, Sport and Obituaries Tuesday May 25th center_img Pinterest Facebook Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – September 8, 2012 Google+ Gardai continue to investigate Kilmacrennan fire Twitter Niall O’Dowd recieved Tipp O’Neill Disaspora Award in Buncranalast_img read more


[Rape And Death Of Minor] “Entire Bucket Of Evidence Inadmissible Or Unbelievable”: Patna HC Sets Aside Death Penalty, Acquits Accused

Posted On May 26 2021 by

first_imgNews Updates[Rape And Death Of Minor] “Entire Bucket Of Evidence Inadmissible Or Unbelievable”: Patna HC Sets Aside Death Penalty, Acquits Accused Nupur Thapliyal6 April 2021 9:20 AMShare This – xThe Patna High Court on Monday acquitted three accused persons of the charges of raping and murdering a 13 year old minor girl thereby setting aside the death sentence awarded to them by the trial court after observing that the “entire bucket of evidence was either inadmissible or unbelievable to rely upon by the Court.”A division bench comprising of Justice Ashwani Kumar Singh and Justice…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 Patna High Court on Monday acquitted three accused persons of the charges of raping and murdering a 13 year old minor girl thereby setting aside the death sentence awarded to them by the trial court after observing that the “entire bucket of evidence was either inadmissible or unbelievable to rely upon by the Court.”A division bench comprising of Justice Ashwani Kumar Singh and Justice Arvind Srivastava observed thus: “On consideration of the entire evidence, we reiterate that the prosecution has miserably failed to prove each of the links in the chain of circumstances beyond reasonable doubt against the accused-appellants. No doubt that the offence committed was gruesome and revolts the conscience but that alone could not have been a ground to convict the accused- appellants in absence of legal evidence against them.” The appellants namely Prashant Kumar Mehta, Sonu Kumar and Rupesh Kumar Mandal were held guilty by the sessions court for the offences under sec. 302 read with sec. 34, 376(2)(g) and 120B of the Indian Penal Code and were awarded death penalty vide order dated 15th February 2018. Reference was made by the trial court under sec. 366 of the CrPC for confirmation of the death sentence. However, the appellants challenged the said conviction order along with sentencing order before the High Court. The High Court then heard the appeals as well as the reference together while acquitting them of the charges. The facts of the case date back to 12th May 2012 where an FIR was registered on the basis of oral statement made by one Jagdish Mandal (informant) stating that her daughter, aged about 13 years of age, did not return home after attending school. It was later revealed that an unidentified dead body of a girl was found lying in the maize field. On reaching the field, the body was identified by the father and other relatives of the deceased. At the time of recording of sec. 164 statement, a boy aged 10 years told the Magistrate that accused Prashant Kumar Mehta, who used to teach them, told the deceased victim that he will marry her. He further disclosed that the said accused came and caught hold of the victim after pressing her mouth in the presence of other two accused persons. It was alleged that all of them lifted her to the filed wherein she shouted four times to save her. It was also disclosed that he had seen the incident wherein Rupesh slit her throat from a knife, Sonu cut the belly from blade and Rupesh pierced bamboo stick in the neck. Furthermore, it was also alleged that the accused persons threatened to kill him if he disclosed the entire set of facts to anyone. It was however the case of the appellants that from the evidences adduced during the trial, it becomes clear that even the prosecution witnesses themselves have not witnessed either rape or killing of the victim. Moreover, it was submitted that the whole case was based on surmises and conjectures. According to the counsel appearing for appellants, it was submitted that the gravity of the offence cannot by itself overweigh as far as legal proof is concerned and there can be no conviction merely on the basis of suspicion howsoever grave it may be and that the motive, since the case is based on circumstantial evidence, alleged by the prosecution for such ghastly and brutal killing was very feeble and weak. The Court after going through the statements of prosecution witnesses and submissions made by the Amicus Curiae in the matter, came to a conclusion that: “The trial court has held the appellants guilty for the offences under Section 120-B of the Indian Penal Code. We have seen that there is no eyewitness to the occurrence. None had seen the appellants committing any act leading to death of the deceased. No witness has come forward to even suggest that the appellants were seen either with the deceased on the fateful day or were seen in and around the maize field of Satyanarayan Mandal where the dead body was recovered either prior to or after the occurrence.” Noting that there was no eyewitness in the case who came forward to suggest that appellants were seen with the deceased, the Court observed thus: “The only link of criminal conspiracy against the appellants is the allegation that they committed offence together and, on that basis, a criminal conspiracy to commit the act has been erroneously presumed to be proved by the trial court. The aforesaid discussion leads us to conclude that the entire bucket of evidence is either inadmissible or unbelievable and untrustworthy.” In view of this, the Court, on the consideration of entire evidence adduced in the case, reiterated that the prosecution miserably failed to prove each of the links in the chain of circumstances beyond reasonable doubt against the accused-appellants. “No doubt that the offence committed was gruesome and revolts the conscience but that alone could not have been a ground to convict the accused- appellants in absence of legal evidence against them. For all the aforesaid reasons, the appeals are allowed. The impugned judgment of conviction dated 07.02.2018 and the consequent order of sentence dated 15.02.2018 passed by the learned 1st Additional Sessions Judgecum-Special Judge, Purnea are, accordingly, set aside. The appellants, namely, Prashant Kumar Mehta, Sonu Kumar and Rupesh Kumar Mandal are acquitted of the charges levelled against them. They shall be released from the jail forthwith unless they are required in any other case.” the Court observed while setting aside the death penalty and acquitted them of the charges. Click Here To Read JudgmentNext Storylast_img read more


Heavy rain ongoing on Gulf Coast as storm aims for Northeast next week

Posted On May 18 2021 by

first_imggeorgeclerk/iStockBY: REED MCDONOUGH, ABC NEWS(NEW YORK) — Heavy rain is ongoing along the northern Gulf Coast Saturday morning.As of Friday evening, several counties reported over 2 inches of rainfall over a 24 hours period, including Polk County, Texas, that saw 3.18 inches and Wharton County, Texas, which saw 4.98 inches of rain.The frontal boundary is expected to hover over the same area through Sunday, bringing more heavy rainfall in the already-saturated locations.Localized flooding is expected, along with the potential for some local flash flooding as 3-6 more inches of rain is expected through the weekend in some Gulf Coast locations.By Sunday afternoon, the system will develop a strong center of low pressure that will get picked up by a jet stream and start quickly moving to the Northeast.The system hustles into the Northeast with a strong cold front by Monday.Gusty winds, heavy rain and coastal inundation are expected in some areas of the Northeast and New England by Monday afternoon and evening.Cold air will rush in on the system’s backside across the Great Lakes, bringing the threat for lake effect snow Monday into Tuesday.The system will bring up to 2 inches of rain to the Northeast, with some very localized areas receiving more.By early Tuesday, backside snow will drop 3-5 inches in the lake effect Snowbelt region of northwest Pennsylvania and extreme western New York state.Wind chill values will be in the 30s for parts of the Gulf Coast and in the middle teens for parts of the Midwest Tuesday morning.The colder air mass eventually reaches the Northeast by late Tuesday into Wednesday, but not before temperatures jump well above normal into the 60s on Monday and Tuesday from Washington D.C. to Boston.Meanwhile, in Southern California, as people wake up Saturday morning, the area has several weather alerts, including red flag warnings, frost advisories and freeze warnings.The fire risk will be critical early Saturday before being reduced to elevated later Saturday into Sunday.Copyright © 2020, ABC Audio. All rights reserved.last_img read more


Police act to boost diversity

Posted On May 12 2021 by

first_imgPolice act to boost diversityOn 29 Jan 2002 in Police, Personnel Today Previous Article Next Article Comments are closed. The Metropolitan police force is recruiting at Bollywood cinemas andsponsoring Chinese New Year as part of a drive to meet diversity targets. The new director of HR at the Met, Martin Tiplady, told Personnel Todaythese initiatives are an example of the force exploring new ways of gettingethnic minorities interested in a police career. Tiplady, who took up the role five weeks ago, said that despite recentimprovements, meeting tough ethnic targets required a creative approach. “What we have to look at are new and innovative ways of achieving ouraims, because the sort of targets we have will need a new impetus.” The Met has been set a target of having 5 per cent of officers from ethnicminorities. He said: “We’ve got some very challenging targets over thenext five years but there is not one shred of doubt in the organisation thatit’s the right thing to do,” he said. “A positive-action team working within the Met is forging relationshipswith ethnic communities around the capital to develop fresh ways of recruiting,and we’ve got lots of work to do to continue the progress.” Tiplady claimed the force is on course to hit the diversity target by theend of the financial year. “Undoubtedly, a more culturally representative force is becoming areality. On 31 December we had 26,390 officers, of which nearly 16 per centwere women and 4.5 per cent were from visibly ethnic minority groups.” The attempt to attract more under-represented groups includes sponsoringcultural events as well as advertising in minority press and publications. Director of HR selection at the Met, Jenny Deere, said these activities arehelping to improve the intake of officers from ethnic minorities. “We needed a more proactive approach to attracting people from allsorts of cultural and ethnic backgrounds,” she explained. www.met.police.ukBy Ross Wigham Officer recruits hit record levelThe Met has opened a £1.1mrecruitment and selection centre to help deal with a record intake of newofficers.Some 1,000 new recruits are currently training at Hendon,ensuring the college is full for the first time.A total of 2,222 people have joined the force since April and afurther 300 recruits are anticipated in February.More than 160 ethnic minority officers have joined the forcesince April, – an 83 per cent rise on last year.However, the Met is stepping up recruitment again with thelaunch of a promotional video after London Mayor Ken Livingstone’s new budgetproposed funds for another 1,000 police over next year. Related posts:No related photos.last_img read more


What you need to know about Compass’ IPO this week

Posted On May 12 2021 by

first_img Full Name* Robert Reffkin and Ori Allon (Getty, iStock)Compass’ hotly anticipated IPO is finally (almost) here.The venture capital-backed residential firm is set to go public in the coming days, after federal regulators on Monday approved its initial public offering, SEC filings show. Compass could start trading under the ticker symbol “COMP” as early as today, according to the New York Stock Exchange.Founded in 2012 by Robert Reffkin and Ori Allon, Compass jolted the brokerage industry by raising $1.5 billion from investors, including SoftBank, and aggressively hiring top agents from competitors. It later scooped up firms wholesale in an unprecedented growth spurt.Compass’ impending IPO — the subject of intense speculation over the years — became real when it filed confidentially to go public earlier this year.Read more Inside Compass’ IPO filing The definitive guide to Compass’ C-suite When compass comes clawing Email Address* Ahead of its stock market debut, Compass indicated it would seek a $10 billion valuation — testing, once and for all, whether investors believe it’s a tech company or simply a gussied-up residential brokerage.In a March 29 research note, investment firm New Constructs argued the latter. “Currently, the company looks more like a traditional brokerage with flashy marketing, whose only advantage is a virtually unlimited ability to burn cash,” wrote David Trainer, the firm’s founder. (The analysis was republished in Forbes.) “SoftBank needs this IPO more than investors do.”Here’s what else you need to know about Compass’ IPO.Who? (Agents)Compass’ S-1 was all about its agents — 19,000 and counting. The firm said in the IPO filing that 88 percent of agents use Compass tools at least once a week and 66 percent use them daily. No doubt agents who deferred commissions in exchange for Compass equity are looking forward to the IPO, too. In 2018 and 2019, agents invested $70 million into stock and stock options.What? (NYSE debut)Compass could raise nearly $1 billion in its IPO, and that cash would fuel its continued growth. The firm’s revenue more than doubled to $2.4 billion in 2019. Last year, boosted by the hot U.S. housing market, it raked in $3.7 billion. But Compass isn’t profitable, and its S-1 revealed $1 billion in cumulative losses. In 2020, losses narrowed to $270.2 million after a $388 million loss in 2019.Where? (46 markets)Compass operates in most major U.S. cities and was the No. 1 independent brokerage in the country last year with $151.7 billion in sales, up from $91.3 billion in 2019, according to Real Trends. Between 2018 and 2020, Compass spent $300 million to acquire brokerages such as Pacific Union International and Stribling & Associates, and to beef up its tech offering with companies including Contactually and Modus.When? (While housing is hot)The residential brokerage is striking while the housing market is hot. In February, home sales were up 9.1 percent year-over-year, according to the National Association of Realtors. It’s also riding a tech boom: Lemonade, Airbnb and Opendoor have gone public over the past year.Why? (Tech valuation)Compass is offering 36 million shares, priced between $23 and $26. It’s aiming for a $10 billion valuation, positioning itself as a tech company, as such firms are valued more highly by investors relative to earnings. For example, Zillow has a market cap of $33.5 billion, or 10 times its 2020 revenue of $3.3 billion. Brokerage giant Realogy’s market cap is $1.7 billion, a fraction of its $6.2 billion in revenue last year.Contact E.B. Solomont Tags Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* Share via Shortlink compassIPOResidential BrokeragesRobert Reffkinsoftbanklast_img read more


BYU Football Announces Addition of Ty’Son Williams To Football Program

Posted On May 8 2021 by

first_img Tags: BYU Football/Crestwood High School/North Carolina Tar Heels/South Carolina Gamecoks/Ty’Son Williams Williams commenced his collegiate career at North Carolina in 2015, netting 20 total touches for 57 scrimmage yards during his freshman season for the Tar Heels. Brad James FacebookTwitterLinkedInEmailPROVO, Utah-Monday, BYU football confirmed the long-anticipated addition of former South Carolina tailback Ty’Son Williams to the program. May 6, 2019 /Sports News – Local BYU Football Announces Addition of Ty’Son Williams To Football Program Williams graduated from the University of South Carolina in December 2018 and will have one year of eligibility left to play for the Cougars. Williams is a 6-foot 219-pound graduate transfer out of Sumter, S.C. During his time at South Carolina, he averaged 4.8 yards per game and posted 983 scrimmage yards and six total touchdowns. Williams played for the Gamecocks in 2017 and 2018 and redshirted in 2016. Written by Williams was the #11 running back in the country upon his graduation from Crestwood High School of Sumter, per the ESPN Top 300 recruit rankings.last_img read more