Nikki Bella conceived her son Matteo in the guest room of twin Brie's home.
Nikki Bella conceived her son Matteo in the guest room of twin Brie's home.
The Institute for Strategic Dialogue said extremists have tried to take advantage of the ‘chaos and uncertainty’.
Aroundtown SA (IRSH) 25-Nov-2020 / 06:53 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONSAROUNDTOWN ANNOUNCES 9M 2020 RESULTS IN LINE WITH GUIDANCE, VALUATIONS FURTHER SUPPORTED BY LARGE DISPOSALS ABOVE BOOK VALUE \- Net rental income rose to €758 million in 9M 2020, increasing 37% from €555 million in 9M 2019\- Adjusted EBITDA increased to €723 million in 9M 2020, an increase of 30% compared to €557 million in 9M 2019\- FFO I grew 18% to €438 million in the first nine months of 2020, from €371 million in 9M 2019\- FFO I per share after perpetual lower by 3% year over year, amounting to €0.28 per share in 9M 2020\- FFO I per share after perpetual, Covid adjusted decreased in 9M 2020 by 24% to €0.22 per share\- Signed disposals of approx. €2.1 billion YTD, +3% above book value. Proceeds supporting liquidity, funding debt repayments and accretive share buyback totaling €1 billion, generating significant accretive shareholder value in the next periods to come. Further disposals of half a billion Euro under advanced negotiations\- Supportive valuations, resulting in revaluation gains of €736 million in 9M 2020, +3.6% on a like-for-like basis.\- Net Profit for 9M 2020 of €812 million, reflecting EPS (basic) of €0.44\- EPRA NAV amounting to €12.3 billion and EPRA NAV per share of €9.3, increasing by 16% and 7% respectively since December 2019.\- Total Equity of €16.5 billion reflecting an equity ratio of 52%\- Investment property, excluding assets held for sale, of €21.8 billion, increasing from €18.1 billion as of Dec 2019, Group portfolio including share in GCP of €25 billion as of September 2020.\- Strong liquidity position with cash and liquid assets of over €2.5 billion and substantial amount of unencumbered assets at the amount of €15.4 billion (74% of rent)\- Conservative capital structure maintained with low LTV at 34%, well below the 45% Board of Directors' limit, ICR at 4.4x, long average debt maturity of 6.2 years and low average cost of debt of 1.6%, resulting in large headroom to covenants and financial policy\- Internal growth continued with a total net rent LFL growth of 1.7%, with 1.5% coming from in-place rent increases, and 0.2% coming from increases in occupancy\- Partial dividend of €0.14 per share proposed for 2019, pending shareholder approval\- Guidance for FY 2020 confirmed 25 November 2020.Aroundtown's ('the Company' or 'AT') collection rate excluding the hotel portfolio in the nine-month period of 2020 amounted to 96%. The collection rate is reflecting the strong diversification in asset types, locations, tenants and tenant industries and is close to pre-pandemic levels. Including the hotel portfolio, the collection rate in the nine months of 2020 amounted to 85%, impacted from around 60% collection rate in the hotel portfolio, including completed negotiations with hotel tenants for longer lease terms at higher rents for the extended period in return for a rent free period. With partially lifting pandemic-related restrictions, the hotel portfolio's collection rate improved from 21% in the second quarter of 2020 to 58% in the third quarter, confirming the strong recovery potential of the hotel portfolio. YEAR-TO-DATE DISPOSALS ABOVE BOOK VALUE, VALIDATING VALUATIONS, INCREASING PORTFOLIO QUALITY AND FUELING SHARE BUYBACK The Company has signed year to date ca. €2.1 billion of disposals, primarily non-core and mature properties, of which over €770 million has been closed within the reporting period. Furthermore, the Company has further half a billion Euro of disposals under advanced negotiations. The disposed properties are mainly retail and wholesale and primarily located in non-core cities across Germany, resulting in a stronger portfolio focus on high quality assets in top tier locations and thus enhancing the overall quality of the portfolio. The properties have been disposed at +3% above book value at an average multiple of 18x, validating property valuations. The proceeds from these disposals have further strengthened the Company's strong liquidity position, supporting the conservative financial profile through debt repayments and providing fuel for the highly accretive share buyback by reinvesting the funds into the Company at very attractive pricing, well below transaction levels and most recent valuations. To date, Aroundtown has bought back over 13% of its shares at an average price of approx. €4.9 per share, a steep discount to the September 2020 EPRA NAV of €9.3 per share.GUIDANCE FOR FY 2020 CONFIRMED, WITH PARTIAL IMPACT FROM SHARE BUYBACK The Company confirms the guidance for full year 2020, with the FFO I after perpetual expected to be in the range of €460-€485 million. The FFO I per share after perpetual increased to €0.35-€0.37 from €0.34-€0.36 per share, as a result of the share buyback program. The per share mid-guidance is reflecting a yield of 4.7% (based on a share price of €5.9). The impact from COVID is conservatively included as an extraordinary and non-recurring item, resulting in an FFO I per share after perpetual, COVID adjusted which increased to €0.26-€0.29 from €0.25-€0.28. As the majority of the share buyback has been executed in Q4 2020, its full effect on the FFO I per share will be in 2021.MANAGEMENT UPDATE Mr. Shmuel Mayo has agreed with the Board of Directors to retire from his position as Co-CEO. Mr. Mayo will instead continue and serve the Company as an advisor. Mr. Mayo commented: 'It has been a great privilege to contribute to Aroundtown's growth over the last years and to be part of this remarkable team. I am stepping down from my position as Co-CEO due to personal reasons, but I am glad to continue to contribute further as an advisor to the Company'.The financial statements for 9M 2020 are available on the Company's website: https://www.aroundtown.de/investor-relations/publications/financial-reportsFor definitions and reconciliations of the Alternative Performance Measures, please see the relevant sections in the pages 42-45 of the 9M 2020 financial statements. You can find the financial statements in AT's website under Investor Relations > Publications > Financial Reports or under this link: https://www.aroundtown.de/fileadmin/user_upload/04_investor_relations/downloads/2020/AT_Q3_2020.pdfAbout the Company Aroundtown SA (symbol: AT1), trading on the Prime Standard of the Frankfurt Stock Exchange, is the largest listed and highest rated (BBB+ by S&P) German commercial real estate company. Aroundtown invests in income generating quality properties with value-add potential in central locations in top tier European cities mainly in Germany/NL.Aroundtown SA (ISIN: LU1673108939) is a public limited liability company (société anonyme) established under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B217868, having its registered office at 40, Rue du Curé, L-1368 Luxembourg, Grand Duchy of Luxembourg.Contact Timothy WrightT: +352 288 313E: email@example.comDISCLAIMER THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE ORDER), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS RELEVANT PERSONS). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (EEA) AND THE UNITED KINGDOM, THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE 'QUALIFIED INVESTORS' WITHIN THE MEANING OF REGULATION (EU) 2017/1129, AS AMENDED (THE PROSPECTUS REGULATION) (QUALIFIED INVESTORS). ANY PERSON IN THE EEA OR THE UNITED KINGDOM WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN INVESTOR) OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN THE EEA OR THE UNITED KINGDOM OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA OR THE UNITED KINGDOM TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY AROUNDTOWN OR ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS REGULATION.THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN SA. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS. * * * ISIN: LU1673108939, XS1227093611, XS1336607715, XS1403685636, XS1449707055, XS1532877757, XS1540071724, XS1586386739, XS1649193403, XS1700429308, XS1715306012, XS1761721262, XS1815135352, XS1753814141, CH0398677689, XS1857310814 Category Code: QRT TIDM: IRSH LEI Code: 529900H4DWG3KWMBMQ39 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 88449 EQS News ID: 1150400 End of Announcement EQS News Service
With California desperately battling an out-of-control coronavirus surge, the state's health secretary is urging families to avoid gathering for Thanksgiving and Los Angeles County appeared on the brink of issuing a stay-home order to prevent hospitals from being overwhelmed. “It's as important to say no even when it comes to the closest people in our family” Dr. Mark Ghaly said as counties continued to see record COVID-19 infection caseloads and hospitalizations. Ghaly, whose mother won't be at his family's dinner table this year, said it wasn't too late to cancel or change plans to limit Thanksgiving celebrations to immediate family.
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November 25, 2020 NORDIC SHIPHOLDING A/S Company Announcement: 10/2020 Published via NASDAQ OMX on November 25, 2020 Q3 Result 2020 SummaryThe comparison figures for period ended 30 September 2019 are stated in parenthesis. The very high Time Charter Equivalent (“TCE”) rates arising from the short-term surge in demand for tonnage caused by the COVID-19 pandemic and the oil price war which started in Q1 2020 positively impacted the Group’s earnings in 9M 2020. Despite the downward correction in daily TCE rate from May 2020, the average daily TCE rates earned in Q3 2020 and 9M 2020 by the 5 vessels were approximately 11% and 53% higher than the average TCE rates earned in Q3 2019 and 9M 2019, respectively. The TCE revenue in Q3 2020 falls short of expectation due to lower than expected daily TCE rates, exacerbated by lower contribution from Nordic Hanne as she was off-hired since 11 September 2020 due to a contact damage during a Ship-to-Ship operation. She resumed trading on 28 October 2020. For the 9 months ended 30 September 2020, the Group incurred a loss after tax of USD 3.9 million (including a one-off impairment loss of USD 10.7 million on the vessels), compared to a loss after tax of USD 4.7 million in the same period last year. Excluding the impairment loss of USD 10.7 million (USD 0.2 million), the Group generated a profit after tax of USD 6.8 million for the 9 months under review (loss after tax of USD 4.5 million). The improved TCE revenue from the vessels contributed to the improved results in 9M 2020. Despite the sale of Nordic Ruth in July 2019, TCE revenue rose 57.3% to USD 24.0 million (USD 15.2 million) in 9M 2020 primarily from higher TCE revenue generated by the vessels in the pools compared to the same period last year. Further, the TCE revenue in 9M 2019 were impacted negatively by the dry-dock of 3 vessels (Nordic Anne, Nordic Agnetha and Nordic Amy) in Q3 2019. Expenses relating to the operation of vessels in 9M 2020 decreased to USD 8.6 million (USD 10.8 million) mainly due to the sale of Nordic Ruth in July 2019. EBITDA increased significantly to USD 14.2 million (USD 3.3 million) as a result of improved TCE revenue in 9M 2020. Other external costs remained relatively unchanged at USD 1.0 million (USD 1.0 million). In line with management’s strategy to secure longer term financing in the renegotiation of the Group’s loan facilities, two co-brokers were appointed in May 2020 to officially test the buying interest for one vessel, Nordic Hanne, a handysize tanker. Hence, the Group recognised impairment losses totaling USD 4.2 million in 9M 2020 following the reclassification of Nordic Hanne as an asset held-for-sale in Q2 2020. It is noted that the estimation of Nordic Hanne’s expected sale value is highly uncertain. The Group also recognised impairment losses of USD 6.5 million on the other four vessels in 9M 2020 primarily due to reduced earnings expectations. The Group realised a loss of USD 0.2 million on asset-held-for-sale in 9M 2019 related to the sale of Nordic Ruth in July 2019. After accounting for depreciation, impairment losses, interest expenses and other finance expenses, the loss after tax was USD 3.9 million in 9M 2020 (loss of USD 4.7 million). Between 31 December 2019 and 30 September 2020, equity decreased from USD 7.9 million to USD 4.0 million as a result of the cumulative loss during the period. Consequently, the equity ratio declined from 8.1% to 5.1%. As part of the loan restructuring concluded with the lending banks in Q4 2018, the financial covenants under the original loans such as (i) minimum value (fair market value of vessels as a percentage of outstanding loan) and (ii) minimum equity ratio are waived whilst the minimum liquidity level is reduced. The relief from these financial covenants are provided till and including 30 September 2020. In addition, the quarterly loan instalments due from December 2018 to September 2020 are deferred to December 2020 where all of the Group’s debts to the lending banks mature. The Company, together with its majority shareholder, are in active discussions with the lending banks on securing longer term financing for the Group. Negotiations are ongoing and are expected to be completed during December 2020 when an announcement will be published. It is management’s expectation that the lenders will finance the Company in a period longer than 31 December 2020. The Group is also subject to a quarterly cash sweep mechanism under which the Group after payment of instalments and interest under the loan agreement, must apply any cash and cash equivalents of the Group in excess of USD 6.0 million towards prepayment of the loan. During 9M 2020, this cash sweep mechanism was activated on 31 March 2020, 30 June 2020 and 30 September 2020, and a total of USD 13.3 million excess cash was used to pay down the loan (USD NIL cash sweep for 9M 2019). During the financial period under review, cash flow generated from operations was USD 14.1 million (USD 2.0 million) contributed by earnings from the pools. As at 30 September 2020, cash and cash equivalents stood at USD 6.2 million (USD 6.4 million, including balances held in dry-docking reserve bank accounts). The outlook for 2020 remains unchanged as indicated in the Company Announcement 09/2020 on 20 November 2020. For the rest of 2020, the five vessels will continue to be commercially deployed on a pool basis (including the vessel currently earmarked for sale). Barring unforeseen circumstances, the TCE revenue for 2020 is forecasted to be in the region of USD 27.0 million – USD 29.0 million. After accounting for operating expenditure budgeted by the respective technical managers, the Group’s expected EBITDA (earnings before interest, tax, depreciation and amortisation) for 2020 is in the range of USD 13.0 million – USD 15.0 million. The result before tax is expected to be a loss between USD 5.0 million – USD 7.0 million including impairment loss. For further information please contact: Knud Pontoppidan, Chairman of the board, Nordic Shipholding A/S: +45 39 29 10 00 Attachment NSH Q3 2020 Financial announcement
New Zealand cricket coach Gary Stead said they will meet with their West Indies counterparts on Thursday to discuss whether to display support for the 'Black Lives Matter' movement during the upcoming tour. The West Indies and England teams took a knee and wore 'Black Lives Matter' logos on their shirts during their test series earlier this year as part of global protests against racial injustice. "What happens in terms of taking a knee or anything like that will be discussed with West Indies," Stead told reporters in Auckland on Wednesday ahead of the first Twenty20 match on Friday.
The Red Devils got back on track in the Champions League by beating Istanbul Basaksehir at an empty Old Trafford on Tuesday evening.
About 100 pilot whales and bottlenose dolphins have died in a mass stranding on the remote Chatham Islands, about 800 km (497 miles) off New Zealand's east coast, officials said on Wednesday. Most of them were stranded during the weekend but rescue efforts have been hampered by the remote location of the island. New Zealand's Department of Conservation (DOC) said in total 97 pilot whales and three dolphins died in the stranding, adding that they were notified of the incident on Sunday.
Japan used a visit by the Chinese foreign minister on Wednesday to protest Beijing's increased activity and what it calls infiltration around disputed East China Sea islands. “The situation is extremely serious,” Chief Cabinet Secretary Katsunobu Kato told reporters after meeting with Chinese Foreign Minister Wang Yi, who arrived in Tokyo on Tuesday for a two-day visit. Relations between the two countries have been strained over territorial disputes and wartime history, even though ties have improved in recent years while China’s trade dispute with the U.S. has escalated.
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Roof collapses were reported in Arlington, Texas, after a tornado-warned storm ripped through the area on the evening of November 24.Local firefighters and police responded to reports of the damage and assessed the buildings and patients, according to a post by the Arlington Fire Department.The National Weather Service earlier issued a tornado warning for areas in Texas including Dallas, Arlington and Irving until 9:30 PM CST.This video shows damaged power lines and a broken wall near the St Mark’s Episcopal Church in Arlington. Credit: jangozi9 via Storyful
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Hong Kong leader Carrie Lam said Wednesday that the city's new national security law has been “remarkably effective in restoring stability” after months of political unrest, and that bringing normalcy back to the political system is an urgent priority. Lam made the comments in her annual policy address, more than a month after it was postponed so that she could seek Beijing’s support for various economic measures aimed at reviving the semi-autonomous Chinese territory's economy. Beijing imposed the national security law on Hong Kong in June, aiming to crack down on dissent following months of anti-government protests in the city that at times descended into violence.
The Federal Communications Commission has rejected ZTE's petition to remove its designation as a "national security threat." This means that American companies will continue to be barred from using the FCC’s $8.3 billion Universal Service Fund to buy equipment and services from ZTE . The Universal Service Fund includes subsidies to build telecommunication infrastructure across the United States, especially for low-income or high-cost areas, rural telehealth services, and schools and libraries.
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