Why Signature Aviation shares jumped 40% last week

first_img 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. “This Stock Could Be Like Buying Amazon in 1997” Why Signature Aviation shares jumped 40% last week 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. Image source: BAE Systems Shares of Signature Aviation (LSE: SIG) jumped over 40% last Thursday following the announcement of a potential cash offer for the entire business. Despite appearances, the proposed acquisition has not yet been accepted and may not even happen. So here’s what you need to know.A cash offer for Signature AviationBlackstone and Global Infrastructure Partners (GIP) have issued proposals to Signature Aviation’s management team to buy out the entire business using cash. The bid from GIP was lower than Blackstone’s offer and therefore has been rejected.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…If approved, shareholders would receive £3.86 per share in the form of cash. This represents an acquisition premium of 44% compared to the closing price before the announcement was made. And so the share price has surged by almost the same amount.Blackstone has until January 14 to confirm whether it wishes to proceed with its offer to acquire Signature Aviation. If it does, Signature’s management will review the proposal and make a formal recommendation to shareholders whether to accept or reject the offer. A majority shareholder vote will be required to proceed, as well as approval from market regulators such as the Financial Conduct Authority.The official stance from the company seems to be leaning towards accepting the deal. It has made a formal recommendation to Blackstone to confirm an offer at the price set in its initial proposal. This would indicate that it’s likely to accept the deal if the price remains the same. But, as the negotiations are still ongoing, management is currently recommending that investors should take no action at this time.What to expect in the near futureJust like the rest of the aerospace industry, Signature Aviation has been heavily impacted by Covid-19. The firm provides premium full-service flight support for the Business and General Aviation (BG&A) market. This includes refuelling, ground handling, concierge services, and passenger/pilot amenities. With most flights being grounded, business has been slow.But, thanks to the recent sale of its Ontic division, it was able to clear the majority of its near-term obligations. As a result, the earliest maturity date of the remaining debt is not until 2025.Why does this matter? The current stock price has been elevated by expectations of an acquisition early next year. Suppose the proposed deal falls apart? In that case, the 40% boost to the share price may disappear as shareholder expectations are not met. But the underlying business remains financially sound, and thus this decline may only be temporary.Is it a good deal?Let’s ignore the cash offer for a moment. Fundamentally, the business looks healthy with plenty of room left for growth over the long term. While short-term disruptions have created problems, the stock’s strong liquidity should be able to see it through the remainder of the pandemic.The cash offer presents an opportunity for investors to close their positions at a seemingly reasonable price in today’s market climate. But even if this acquisition fails to materialise, the company appears to have everything it needs to grow over the next decade. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares 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. Zaven Boyrazian does not own shares in Signature Aviation. The Motley Fool UK has recommended Signature Aviation. 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 See all posts by Zaven Boyrazian Zaven Boyrazian | Monday, 21st December, 2020 | More on: SIG last_img read more

Foreclosure Proceedings Limited

first_imgHome / Daily Dose / Foreclosure Proceedings Limited Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 11, 2017 1,092 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Readjusting After the Storms: Fed Rates Next: Index Reveals a Rise In Foreclosure Activity The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Foreclosure Proceedings Limited  Print This Post Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Related Articles A Maine supreme court has ruled that foreclosure proceedings are limited to one attempt, according to a report. While foreclosure may be a long and drawn out process, there could be new hurdles to surmount in the future.Recently, Fannie Mae attempted to initiate a second foreclosure proceeding on a family located in Maine. The family first bought the property in 2004 for $127,920, and initial foreclosure proceedings were filed in 2011. According to the report, lawyers representing the GSE failed to respond to the judge’s orders, and in result the judge dismissed the case.The GSE attempted to initiate a second foreclosure proceeding, but the family fought the ruling, stating that the second suit was no different than the first. The court sided with the family.Default in rural Maine is a deep seeded issue due to industrial economies, according to the report. The family’s property value fell by over 70 percent, putting them deep underwater.In response to the decision, the family’s attorney issued this statement, “It reinforces case law that says you really get only one bite of the apple,” said James Cloutier.According to the report, Fannie Mae did not return a call for comment.center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure 2017-09-11 Joey Pizzolato in Daily Dose, Featured, Foreclosure, Headlines, News About Author: Joey Pizzolato The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Foreclosurelast_img read more

Lin-Manuel Miranda to Host PBS Arts Festival

first_imgLin-Manuel Miranda(Photo: Emilio Madrid-Kuser) The story of tonight (in the fall): we have an update on the forthcoming PBS Hamilton documentary. Turns out, that the tuner’s creator and former star Lin-Manuel Miranda will host the entire PBS Arts Fall Festival, which is set to return Friday nights from October 21. The first new program to be featured in the series, as we previously reported, will be the much-anticipated Hamilton’s America.“I’m such a huge fan of PBS. For my entire life it’s been our window into a world of the arts that isn’t available anywhere else on TV,” said Miranda in a statement. “This year’s PBS Arts Fall Festival lineup is incredible, and I am excited to not only host the festival, but have Hamilton’s America kick it off.”In a recent panel, Tony winner Daveed Diggs revealed that he and the cast got teary in the documentary when Broadway’s George Washington, Christopher Jackson, played the role in front of a portrait of the man himself, in the presence of President Obama. And of about his departure from the Tony-winning musical? “It was time to go. At some point you have to make a decision about what you are going to do…I felt like I did what I could do with it.” Deadline reports that Diggs believes that it’s time “for someone else to make it brand new.”Other new programs set for the arts festival include the award-winning West End revival of Gypsy, led by Imelda Staunton and Shakespeare Live! From the Royal Shakespeare Company, which will feature appearances by Judi Dench, Ian McKellen, Helen Mirren, Benedict Cumberbatch and many more. from $149.00 View Comments Lin-Manuel Miranda Hamilton Star Files Daveed Diggs Related Showslast_img read more

Remembering Lundi, South African gospel star, 1979-2017

first_imgGospel singer Lundi Tyamara has died at the age of 38. Fans, friends and family have paid tribute to one of South Africa’s most popular singers.Lundi Tyamara was one of the biggest selling gospel artists in South Africa, selling over 3 million albums. Tyamara died, aged 38, on 27 January 2017. (Image: Gallo Music)CD AndersonLundi Tyamara’s former producer, Tshepo Nzimande, described the singer in an interview with eNCA news channel as a “go-getter”. Tyamara died at Edenvale Hospital in the early hours of 27 January 2017, following a battle with TB.“Lundi put up a gallant fight against his illness, but God’s will prevailed. We ask that his fans, supporters and followers join us in celebrating his life,” said Anele Hlazo, a family friend.Tyamara had a long music career, starting out as a back-up singer for fellow gospel singer Rebecca Malope when he was still a teenager.He released his debut album Mphefumlo Wami in 1998. It was an instant success, selling almost 400,000 copies. Over the course of his career Tyamara released more than 20 albums and won numerous South African Music and Kora All Africa Music awards.Nzimande said that Tyamara had a God-given talent, with a powerful stage presence that found audiences with both young and old. Despite some controversy during his career, including drug and money problems, returning to music and his faith always gave him his greatest pleasure.Tyamara was aware of the second chance he had at rebuilding his music career over the last few years. In an interview with Entertainment Online website in 2016, he said: “I’m lucky. It’s not easy after all the bad things I have done like the drugs and the alcohol. But my fans still love me. That shows that God has sent me to do this.”Commenting briefly to eNCA on his passing, Malope said she was in shock but would always have fond and special memories of Tyamara.Among the many messages, Arts and Culture Minister Nathi Mthethwa extended his condolences to Tyamara’s family and fans.Tyamara is survived by two sisters and a brother; his mother died in 2006, followed by his stepfather shortly thereafter.Despite his many hardships, Tyamara’s story was one of great triumph and success. Following his death, he will always be remembered by his fans as a prince of South African gospel.Watch some of Lundi’s greatest hits below.Source: eNCA News and Entertainment Online.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Will BPMN 2.0 make BPEL irrelevant?

first_imgAs technology is speeding up, the lifecycle of standards is shrinking.  Business Process Execution Language or BPEL is one good example.  BPEL has its origins in competing standards sponsored by IBM and Microsoft, WSFL and Xlang.   The two languages were merged in April 2003 and over just a period of three years BPEL has become the most popular business process execution language.  BPEL is used extensively in SOA environments because BPEL was designed with Web Services in mind and this matches well with the tight coupling of SOA and Web Services.  While generally complementary, BPEL is now being challenged by a different technology from Object Management Group OMG called Business Process Modeling Notation (BPMN).BPEL is a language that describes the flow and coordination of interactions between published business component interfaces.  Typically those interfaces are implemented as Web Services.  Note that the “EL” at the end of the BPEL acronym refers it as an “execution language” as distinguished from a “notational language”.  What this means is that while BPEL is a “workflow tool”, it doesn’t really provide any kind of graphical layout modeling capabilities.  As such, it is a fairly low-level language based on XML that provides a standard way for describing the business process flow.  BPEL language is used to create instructions that are fed into a BPEL server that in turn coordinates the activities of the business process.Working with raw BPEL requires a solid understanding of XML and software logic.  BPEL requires that business requirements be first captured and translated before being rendered into the BPEL logic.  The gap between specification and BPEL implementation can isolate business analysts from IT groups.  The solution is to bridge the gap between these two groups by creating higher level model tools that allow the graphic creation of a the business process flow and output BPEL language.  These kind of tools exist, but there is no standard for these higher level tools.  This is where BPMN comes in the picture by attempting to standardize business process modeling.BPMN is a notational language that can graphically describe business processes.  With BPMN, the process flow is depicted with a network of lines showing interactions between components represented as shapes like circles, rectangles and diamonds.  It provides standardization in creating workflow diagrams.  Graphic workflows represent the classic image of what “Workflow” is all about.Because BPMN describes the business process from a higher-level perspective, it can include information about human steps and interactions in the process that fall outside of the control of software.So, BPMN and BPEL seem to be complementary technologies and perhaps that is how the two will develop:  BPMN tools would be used during business analysis and modeling, and from the BPMN model, a BPEL representation would be generated and output and used for execution.Stepping back a little more though we see that BPMN and BPEL both express the flow of the business process, but the BPMN process model representation is more useful to the business analyst.  BPMN is addressing the model level and BPEL addresses execution.  Because of that, the importance of having a standard for the execution language is less relevant.  BPMN models can be exchanged and exactly how the models are translated and executed is less relevant.What happens next isn’t clear.  It should be noted that BPEL may further evolve and this is likely to happen because of its current high level of acceptance.  Another factor in how this all plays out is whether BPMN will be actually accepted.  OMG intiatives have not always been met with unanimous acceptance.  Right now though the reaction to BPMN 2.0 seems positive, so it is likely that BPMN-based tools should begin appearing.In any event, the good thing is that after many years of very many proprietary tools for both business process modeling and execution that the industry will be moving towards standardization.  At Formtek, we frequently see business solutions comprised of both ECM and BPM components, and as a partner with Oracle, we are very familiar with Oracle’s BPEL Process Manager.  Both Oracle and IBM have been strong proponents of BPEL technology.  It will be interesting to see the evolution of these technologies and the response of leading vendors like Oracle in this area over the next 18-24 months.last_img read more

Hudsons Bay Co CEO Gerald Storch leaving executive chairman assuming CEO role

first_imgTORONTO – The CEO of Hudson’s Bay Co. will leave the company and return to his consulting firm next month, the company says — less than two months after he helped bring the Canadian department-store chain to an international market.Gerald Storch, who joined the Toronto-based retailer in January 2015, will return to Storch Advisors effective Nov. 1, the company said in a statement.“I’m looking forward to returning to my advisory firm to work with a range of companies during this transformational time for the retail industry,” Storch, who also once held the top job at Toys “R” Us, said.Richard Baker, whom Storch succeeded in the top role, will resume the CEO’s duties on an interim basis, while the company searches for a permanent replacement.Baker said he and the board are grateful for Storch’s work, which included leading cost-cutting efforts and addressing the challenges for the company’s multiple banners in a fast-evolving retail environment.The team at HBC (TSX:HBC) is focused on delivering a strong holiday season and looking forward at getting the most value from its retail and real estate assets, Baker said.The retailer, which owns Saks Fifth Avenue and Lord & Taylor, has been struggling in a shifting retail landscape where consumers are increasingly turning to online shopping.This summer, the company announced it was cutting 2,000 jobs and faced pressure from an activist investor to unlock value in its real estate holdings.HBC has remained focused on its European expansion, with the first Hudson’s Bay store opening last month in the Netherlands.At the time, Storch said there was a big gap in the Dutch market between a very-high end luxury player and discount chains, and he expected the company to be welcomed with open arms.Storch’s departure was announced after the Toronto Stock Exchange closed Friday. The stock was at $11.96 in Toronto prior to the announcement.last_img read more

TSX hits another high as pot stocks fall after US Attorney General

first_imgTORONTO – It was another record close for Canada’s main stock index despite a sharp drop in the health-care sector, which includes some of the country’s biggest marijuana companies.The S&P/TSX composite index was up 41.39 points to 16,412.94, gaining ground throughout the day after flatlining earlier on Thursday amid a free fall in cannabis stocks.Pot stocks were pummelled after The Associated Press reported that U.S. Attorney General Jeff Sessions will rescind an Obama-era policy that generally barred federal law enforcement officials from interfering with marijuana sales in states where the drug is legal.“That’s added huge volatility today to the marijuana stocks. They all sold off huge in the morning, came back part way during the day and seemed to be cooling off again,” said Norman Levine, managing director of Portfolio Management Corp.“It just shows the unbelievable volatility of these groups because there aren’t really fundamentals in valuations behind it. These are emotionally driven stocks. It shows that even though the vast majority of these stocks have little to do with the United States, it doesn’t take much to set them off one way or another.”Shares of major licensed Canadian cannabis producers such as Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) were down 9.97 per cent and 13.79 per cent at the close of markets Thursday.South of the border, Wall Street indices also hit consecutive all-time highs as the Dow Jones industrial average breached the 25,000 mark for the first time, just five weeks since its first close above 24,000. It climbed 152.45 points to settle at 25,075.13.The S&P 500 index added 10.93 points to 2,723.99 and the Nasdaq composite index advanced 12.38 points to 7,077.92.Strong global economic growth and good prospects for higher company earnings have analysts predicting more gains for the Dow, although the market may not stay as calm as it has been recently.The Dow has made a rapid trip from 24,000 points on November 30, partly on enthusiasm over passage of the Republican-backed tax package, which could boost company profits this year with across-the-board cuts to corporate taxes.“For a long while in 2017 I would say the biggest driver was excitement and anticipation over tax reform, but at a certain point I think there was a handover to global economic growth really helping to carry the stock market,” said Kristina Hooper, chief global markets strategist at Invesco.In currency markets, the Canadian dollar closed at an average trading value of 79.90 cents US, up 0.11 of a U.S. cent.On the commodities front, the February crude contract gained 38 cents to US$62.01 per barrel and the February natural gas contract was down 13 cents to US$2.88 per mmBTU.The February gold contract was up US$3.10 to US$1,321.60 an ounce and the March copper contract added one cent at US$3.26 a pound.– With files from The Associated Press.Follow @DaveHTO on Twitter.last_img read more

USA scraps Iran oil sanction waivers on India, 7 others

first_imgWashington DC: In a move that could have implications on India’s energy security, US President Donald Trump on Monday decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran’s top export commodity. “President Donald J. Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May. This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” White House Press Secretary Sarah Sanders said. Also Read – Thermal coal import may surpass 200 MT this fiscalThe US re-imposed sanctions on Iran last November, after President Trump pulled out of the landmark 2015 Iran nuclear deal. The US’ move which is seen as an escalation of President Trump administration’s “maximum pressure” on Iran comes after it last year gave temporary 180-days waiver to eight countries, including India, China, Turkey and Japan among others. As a result of this decision all countries including India would have to bring down its import of oil from Iran by May 2. Greece, Italy, Japan, South Korea and Taiwan have already heavily reduced their oil imports from Iran. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostIran is India’s third-largest oil supplier behind Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal). The US, Saudi Arabia, and the United Arab Emirates, three of the world’s great energy producers, along with its friends and allies, are committed to ensuring that global oil markets remain adequately supplied, Sanders said. “We have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market,” she said. In a statement, Sanders said the Trump Administration and its allies are determined to sustain and expand the maximum economic pressure campaign against Iran to end the regime’s destabilising activity threatening the United States, its partners and allies, and security in the Middle East. “The President’s decision to eliminate all SREs follows the designation of the Islamic Revolutionary Guard Corps as a Foreign Terrorist Organisation, demonstrating the US’ commitment to disrupting Iran’s terror network and changing the regime’s malign behaviour. We welcome the support of our friends and allies for this effort,” Sanders said. China and India are currently the largest importers of Iranian oil. If they don’t go along with Trump’s demands, that could cause tensions in both bilateral relationships and spill over into other issues, like trade, the Washington Post reported.last_img read more

Mehbooba leads protest march against suspension of LoC trade

first_imgSrinagar: PDP president Mehbooba Mufti on Wednesday led a protest march of her party activists in Jammu and Kashmir’s Pulwama district against the suspension of cross-Line of Control (LoC) trade and ban on Jamaat-e-Islami (JeI). The protest march was taken out from Town Hall Pulwama to deputy commissioner’s office. Mehbooba demanded the revocation of the decision to suspend the cross-LoC trade and sought immediate release of Jammu and Kashmir Liberation Front (JKLF) chairman Mohammad Yasin Malik from custody. She also sought revocation of ban on JeI and an end to the ban on civilian traffic on Srinagar-Jammu National Highway. Malik is not in good health. I want to tell the Government of India that if God forbid, his health worsens, then the situation here will deteriorate further which will be very difficult to control. Our fight is against militants, but you should not harass their families, she told reporters.last_img read more