Capital Market – Premudraja http://premudraja.net/ Thu, 21 Oct 2021 20:56:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://premudraja.net/wp-content/uploads/2021/06/icon-4-150x150.png Capital Market – Premudraja http://premudraja.net/ 32 32 Altvia wins “Best Secure Workflow Management Provider” award by Private Equity Wire https://premudraja.net/altvia-wins-best-secure-workflow-management-provider-award-by-private-equity-wire/ Thu, 21 Oct 2021 20:56:00 +0000 https://premudraja.net/altvia-wins-best-secure-workflow-management-provider-award-by-private-equity-wire/ Posted: October 21, 2021 at 3:56 p.m. CDT|Update: 1 hour ago DENVER, 21 October 2021 / PRNewswire / – Altvia, a leading provider of cloud-based CRM, transaction management and investor lifecycle systems for private capital markets firms, received the award for “Best Workflow Management Provider secured ”by Private Equity Wire for 2021 among the best […]]]>

Posted: October 21, 2021 at 3:56 p.m. CDT|Update: 1 hour ago

DENVER, 21 October 2021 / PRNewswire / – Altvia, a leading provider of cloud-based CRM, transaction management and investor lifecycle systems for private capital markets firms, received the award for “Best Workflow Management Provider secured ”by Private Equity Wire for 2021 among the best players in the sector.

Altvia – Best Secure Workflow Management Provider

Voting for the awards is conducted via an online survey of the entire Private Equity Wire readership, where entrants are invited to choose from shortlisted companies in each category.

The GP Manager categories cover fund performance and fundraising success across a range of private market investment strategies – including buyout, growth, venture capital, fund of funds, secondary investments, co-investment, debt, real estate and real assets. The service provider categories cover all key areas of the larger private equity ecosystem. Altvia’s workflow management platform supports hundreds of private equity and venture capital firms through an industry-leading solution of CRM, LP portal and data analytics solutions.

Kjael Skaalerud, CRO of Altvia, accepted the award on behalf of the company at the award ceremony in New York. “It’s a very exciting time in our category as more and more fund managers are embracing technology to stay competitive. It was great to be recognized by PE Wire and we are delighted to continue to be a strategic partner for our customers, ”said Skaalerud.

Altvia has experienced significant growth and evolution in the past 18 months since the recapitalization of Altvia at Bow River. Based on the overall dynamics and growth of the PCM industry, Altvia is poised for a record fourth quarter of welcoming new clients to the portfolio while continuing to provide cutting-edge solutions for current users of the PCM. platform.

About Altvia

Altvia is a leading provider of CRM and investor and transaction management systems designed specifically for private capital market companies. Founded in 2006, Altvia has hundreds of world-class clients and supports more than 40,000 LP investors. The enterprise’s mobile-optimized platform (AIM, ShareSecure, Correspond and Answers) is transforming the way GPs deliver continuous value, real-time decision support, and secure communications to their valued constituents. Leading companies across multiple verticals including IVP, Livingbridge, Tailwater Capital and RCP Advisors trust Altvia to optimize operational functions and enable critical communications. Learn more about www.altvia.com.

CONTACT: Brie Aletto, brie@altvia.com

Unleash the Power of Your Relationships and Data (PRNewsfoto / Altvia Solutions, LLC)
Unleash the Power of Your Relationships and Data (PRNewsfoto / Altvia Solutions, LLC)

View original content to download multimedia:

SOURCE Altvia Solutions, LLC

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.


Source link

]]>
BMO Capital Markets Reduces Hexcel Target Price (NYSE: HXL) to $ 56.00 https://premudraja.net/bmo-capital-markets-reduces-hexcel-target-price-nyse-hxl-to-56-00/ Wed, 20 Oct 2021 15:11:15 +0000 https://premudraja.net/bmo-capital-markets-reduces-hexcel-target-price-nyse-hxl-to-56-00/ Hexcel (NYSE: HXL) saw its price target lowered by stock analysts at BMO Capital Markets from $ 57.00 to $ 56.00 in a note issued to investors on Wednesday, Benzinga reports. The company currently has a “market performance” rating on the shares of the aerospace company. BMO Capital Markets price target suggests a potential decline […]]]>

Hexcel (NYSE: HXL) saw its price target lowered by stock analysts at BMO Capital Markets from $ 57.00 to $ 56.00 in a note issued to investors on Wednesday, Benzinga reports. The company currently has a “market performance” rating on the shares of the aerospace company. BMO Capital Markets price target suggests a potential decline of 4.84% from the security’s previous close.

HXL has been the subject of a number of other research reports. Loop Capital raised its price target on Hexcel from $ 32.00 to $ 40.00 and gave the company a “sell” rating in a research report released Wednesday. They noted that the move was an appraisal call. Credit Suisse Group lowered its price target for Hexcel shares from $ 64.00 to $ 62.00 and set a “neutral” rating for the company in a research report published on Wednesday, July 28. Seaport Res Ptn downgraded Hexcel’s rating from a “buy” rating to a “neutral” rating in a research report released on Friday, September 24. Seaport Global Securities downgraded Hexcel shares from a “buy” rating to a “neutral” rating in a research note on Friday, September 24. Ultimately, Zacks investment research reduce the shares of Hexcel from a “keep” rating to a “sell” rating and set a target price of $ 57.00 on the stock. in a research note on Friday July 30. Three analysts assigned a sell rating to the stock, seven assigned a conservation rating and one assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $ 52.00.

HXL traded up $ 0.23 in the midday session on Wednesday, reaching $ 58.85. The company had a trading volume of 5,823 shares, compared to an average volume of 705,556. The company has a leverage ratio of 0.60, a quick ratio of 1.64 and a current ratio of 2.63. The company has a market cap of $ 4.93 billion, a PE ratio of -235.64 and a beta of 1.52. Hexcel has a twelve month low of $ 31.32 and a twelve month high of $ 64.99. The company’s 50-day simple moving average is $ 58.49 and its 200-day simple moving average is $ 58.03.

(A d)

Thanks to recent reorganization, acquisitions and strategic partnerships, a cannabis blockbuster in Seattle is poised to experience massive expansion over the next 24 months. With plans to double its annual sales over the next two years, the value of this company’s shares could potentially skyrocket.

Hexcel (NYSE: HXL) last released its results on Sunday, October 17. The aerospace company reported earnings per share (EPS) of $ 0.13 for the quarter, beating the consensus estimate of $ 0.08 from $ 0.05. Hexcel had a negative net margin of 1.77% and a negative return on equity of 2.72%. The company posted revenue of $ 333.80 million for the quarter, compared to analysts’ estimates of $ 349.48 million. In the same quarter of last year, the company made EPS ($ 0.29). The company’s revenue for the quarter increased 16.3% year-over-year. As a group, sell-side analysts predict that Excel will post 0.15 EPS for the current fiscal year.

Several large investors have recently changed their positions in HXL. SFE Investment Counsel strengthened its position in Hexcel by 4.6% in the second quarter. SFE Investment Counsel now owns 4,245 shares of the aerospace company valued at $ 265,000 after purchasing 185 additional shares during the last quarter. Absher Wealth Management LLC increased its stake in Hexcel shares by 2.4% in the second quarter. Absher Wealth Management LLC now owns 8,198 shares of the aerospace company valued at $ 512,000 after purchasing 191 additional shares during the period. Profund Advisors LLC increased its stake in Hexcel shares by 4.0% in the second quarter. Profund Advisors LLC now owns 5,252 shares of the aerospace company valued at $ 328,000 after purchasing 202 additional shares during the period. Private Capital Group LLC increased its stake in Hexcel shares by 13.1% in the third quarter. Private Capital Group LLC now owns 1,828 shares of the aerospace company valued at $ 109,000 after purchasing 212 additional shares during the period. Finally, the Public Employees Retirement System of Ohio increased its stake in Hexcel shares by 0.5% in the second quarter. The Ohio Public Employee Retirement System now owns 47,692 shares of the aerospace company valued at $ 2,976,000 after buying 238 more shares during the period.

Hexcel Company Profile

Hexcel Corp. engages in the development, manufacture and marketing of lightweight structural materials. It includes carbon fibers, special reinforcements, prepregs and other fiber reinforced matrix materials, honeycombs, adhesives, radio frequency / electromagnetic interference (RF / EMI) and microwave absorbing materials , honeycombs and composite structures.

Featured article: S & P / ASX 200 Index

Analyst Recommendations for Hexcel (NYSE: HXL)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Hexcel now?

Before considering Hexcel, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Hexcel was not on the list.

Although Hexcel currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Source link

]]>
Explanation: Is China finally ready to implement a property tax? https://premudraja.net/explanation-is-china-finally-ready-to-implement-a-property-tax/ Tue, 19 Oct 2021 09:47:00 +0000 https://premudraja.net/explanation-is-china-finally-ready-to-implement-a-property-tax/ Security officers enter a building in front of apartment buildings in Beijing on March 22, 2013. REUTERS / Jason Lee China has been considering a property tax since 2003 Shanghai and Chongqing rolled out pilot programs in 2011 President Xi Jinping wants to advance property tax legislation BEIJING / SHANGHAI, Oct. 19 (Reuters) – China’s […]]]>

Security officers enter a building in front of apartment buildings in Beijing on March 22, 2013. REUTERS / Jason Lee

  • China has been considering a property tax since 2003
  • Shanghai and Chongqing rolled out pilot programs in 2011
  • President Xi Jinping wants to advance property tax legislation

BEIJING / SHANGHAI, Oct. 19 (Reuters) – China’s long-hinted – and long-resisted – Chinese property tax is set to gain new momentum as President Xi Jinping lends his backing to what experts say is one of the most significant changes deeper in the country real estate policies in a generation.

The idea of ​​a homeowners tax first surfaced in 2003, but did not take off amid fears that it would damage real estate demand and tank prices, hurt household wealth. and future real estate projects, and triggers a fiscal crisis for local governments addicted to land sales for income.

But the push by China’s most powerful ruler since Mao Zedong to reduce disparities between the ultra-rich city dwellers and the rural poor under the banner of “common prosperity” could provide the political will to pass a tax. nationwide land tenure, currently on the legislative agenda. for 2021-2025. Read more

WHY A PROPERTY TAX?

A property tax could finally control the soaring house prices.

Average house prices have climbed more than 2,000% since the privatization of the housing market since the 1990s in a rapidly urbanizing China and in recent years creating an accessibility crisis, especially among millennials .

The seemingly unstoppable price gains also sparked speculative buying, sparking a frenzied build, often funded by rampant borrowing that has now trapped developers – including the severely indebted China Evergrande group (3333.HK) – and fueled fears of greater risks to the economy.

WILL THE IMPT BE TAKEN AT THE NATIONAL LEVEL?

In the pilot programs rolled out in 2011, the mega-cities of Shanghai and Chongqing taxed homeowners, but only those with high-end housing and second homes, at rates of 0.4% to 1.2%.

But the pilots did not expand to more cities.

Wealthier regions should apply property taxes first, as experts have identified wealthy Zhejiang province as one such candidate in recent weeks, along with the prosperous southern city of Shenzhen and the island province of Hainan. Read more

“It would be a major policy change in the history of China’s real estate development,” said Betty Wang, senior Chinese economist at ANZ in Hong Kong. “It would be a medium to long term policy change.”

WHAT ABOUT THE TAX RATE?

A rate of 0.7% is plausible, although in practice China is likely to take a tiered approach with rates differentiated by city, said Julian Evans-Pritchard, senior Chinese economist at Capital Economics.

“In the United States, some wealthy countries have effective property tax rates above 2% to 3%, while in others it is much lower. But the average effective rate in the United States is 1 , 1%. So it should be possible to reach 0.7% in urban China, “he said.

A rate of 0.7% would have generated 1.8 trillion yuan ($ 281 billion) in tax revenue in 2020 and exceeded net sales of land by local governments last year, he added.

This hypothetical income would be equal to the size of Finland’s gross domestic product.

HOW CAN LOCAL GOVERNMENTS BE AFFECTED?

A property tax will provide local communities with a new source of income that they can reinvest in public services and investments in infrastructure.

It can generate tax revenue equal to 70 to 80 percent of land sales revenue, said Lu Wenxi, chief analyst at real estate agency Centaline.

If maintained, it can help local governments slowly reduce their reliance on land sales, Lu said.

But local governments aren’t necessarily the ones getting these new revenues, which reduces their incentive to collect such taxes, said Rocky Fan, an economist at Sealand Securities.

If local governments use the funds locally, it would run counter to the idea of ​​”common prosperity,” which requires a centralized redistribution mechanism, he said.

Reuters Charts Reuters Charts

AND THE DEVELOPERS?

A property tax will increase the costs of holding real estate assets by investors. This would channel some housing inventory into the homeowner market, thereby increasing the supply.

As such, developers will face a slowdown in the rate of inventory digestion and fundraising, which will put additional pressure on their cash flow and liquidity, said a mid-size developer based in the United States. east of China.

WILL CHINA’S CAPITAL MARKETS BE AFFECTED?

A property tax will increase the cost of owning real estate, triggering a reallocation of assets to capital markets, Sealand’s Fan said.

Real estate represents nearly 60% of the assets of urban households, against 20.4% allocated to financial assets, especially stocks and bonds, according to the central bank of China. In contrast, American households hold more than 40% of their wealth in financial assets.

“(With a property tax) people will not hoard property. Instead, they will allocate their money elsewhere, in the capital markets, for the benefit of businesses,” Fan said.

But while the tax would diffuse financial risks into China’s bloated real estate market in the long run, careful implementation is needed to mitigate the impact in the short term, he warned.

“You have to give the market time to digest and react to the policy. A stampede would trigger a real estate crash, jeopardizing financial health.”

($ 1 = 6.4111 Chinese yuan)

Reporting by Ryan Woo and Liangping Gao in Beijing and Samuel Shen in Shanghai; Additional reporting by Clare Jim in Hong Kong; Editing by Jacqueline Wong

Our standards: Thomson Reuters Trust Principles.


Source link

]]>
Rupee trades almost at 75.28 against US dollar when deals open https://premudraja.net/rupee-trades-almost-at-75-28-against-us-dollar-when-deals-open/ Mon, 18 Oct 2021 05:28:48 +0000 https://premudraja.net/rupee-trades-almost-at-75-28-against-us-dollar-when-deals-open/ On the national stock market front, the Sensex BSE was trading up 525.54 points or 0.86% to 61,831.49; while the larger NSE Nifty was up 166.55 points or 0.91% to 18,505.10 The Indian rupee was trading slightly lower 2 paise to 75.28 yen against the US dollar at the start of trading on October 18, […]]]>

On the national stock market front, the Sensex BSE was trading up 525.54 points or 0.86% to 61,831.49; while the larger NSE Nifty was up 166.55 points or 0.91% to 18,505.10

The Indian rupee was trading slightly lower 2 paise to 75.28 yen against the US dollar at the start of trading on October 18, following a stronger greenback against its main rivals abroad.

In the interbank forex market, the local unit opened on a steady note and traded cautiously between a high of 75.26 and a low of 75.29 against the US dollar.

On October 14, the rupee had settled at 75.26 yen against the US dollar. The Forex market was closed on October 15th for the “Dussehra” holidays.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, was up 0.17% to 94.09.

Futures on Brent crude, the world’s benchmark for oil, rose 1.07% to $ 85.76 per barrel.

On the national stock market front, the Sensex BSE was trading up 525.54 points or 0.86% to 61,831.49; while the larger NSE Nifty was up 166.55 points or 0.91% to 18,505.10.

Foreign institutional investors remained net buyers in the capital market on Oct. 14, as they bought shares worth 1,681.60 crore, according to exchange data.


Source link

]]>
Valens is well established for 2022, according to ATB Capital https://premudraja.net/valens-is-well-established-for-2022-according-to-atb-capital/ Sat, 16 Oct 2021 16:51:04 +0000 https://premudraja.net/valens-is-well-established-for-2022-according-to-atb-capital/ The stock has fallen significantly in recent months, but ATB Capital Markets analyst Frederico Gomes still sees value in The Compagnie de Valens (Valens stock market quote, chart, news, analysts, TSX financial data: VLNS). Gomes maintained its “Outperformance” rating but lowered its target price to $ 3.75 / share from $ 4.25 / share for […]]]>

The stock has fallen significantly in recent months, but ATB Capital Markets analyst Frederico Gomes still sees value in The Compagnie de Valens (Valens stock market quote, chart, news, analysts, TSX financial data: VLNS). Gomes maintained its “Outperformance” rating but lowered its target price to $ 3.75 / share from $ 4.25 / share for a potential return of 81% in a client update Thursday.

The Valens company engages in the development and manufacture of cannabinoid-based products in accordance with Health Canada guidelines in cannabis operations (extraction, post-processing and white-label manufacturing under standard processing and cultivation licenses) and analytical testing segments.

Gomes’ latest analysis comes after The Valens Company released its financial results for the third quarter of 2021, which Gomes noted as being in line with expectations.

“Valens is undergoing strategic changes as it enters the market for CBD in the United States and branded products in Canada,” said Gomes. “With the closing of the Green Roads Acquisition and the Citizen Stash Acquisition expected to close in Q4 / FY21e, we believe Valens has the elements in place to accelerate growth and achieve profitability.”

The company’s financial results were marked by revenue of $ 21 million, slightly above the ATB projection of $ 20.5 million and the consensus projection of $ 20.7 million, with sales net up 12% quarter over quarter on US cannabis sales. producer Green Roads, which grossed $ 4.7 million; Gomes notes that his absence would have resulted in a 13% drop in sales with a drop in business-to-business sales as the company aims to move away from smaller contracts.

Meanwhile, the company’s EBITDA recorded a loss of $ 6.2 million, which was worse than the consensus expectation of a loss of $ 4.2 million, but still exceeded ATB’s projection of a loss of $ 7.2 million.

“With our largely built operational platform and a critical mass of provincial listings now in place, our focus has shifted to operational efficiency, the implementation of automation initiatives and volume growth. to drive improved margins and positive EBITDA over the next few quarters, ”said Tyler Robson, chief executive officer, co-founder and chairman of The Valens Company in the company’s October 13 press release.

“During the third quarter, we strategically moved away from smaller, underperforming B2B partners, resulting in a 29% decline in B2B LP revenue quarter over quarter. Instead, we took a fewer, bigger and better approach and focused on building closer relationships with larger licensed producer partners to drive efficiencies and profitable growth, ”said Robson. .

Gomes said Valens’ market share has trended upward in recent months, eclipsing 1.5% in September after breaking 1% for the first time in June. The company’s largest positive market share comes from its beverage line, which accounts for more than eight percent of the domestic market share in this category.

With the company’s approach shifting towards larger contracts and an increased focus on business-to-consumer sales, Gomes has changed its overall financial projections, lowering its revenue estimate for 2021 to $ 82.9 million. of $ 85.2 million, which would be lower than the $ 83.8 million reported in 2020. Gomes also lowered his estimate for 2022 from $ 220.4 million to $ 149.2 million, as well as the 2023 estimate of $ 278.4 million to $ 205.3 million.

Meanwhile, with a positive quarterly EBITDA projection in place by the last quarter of 2022, Gomes also changed its annual EBITDA projections to a loss of $ 20.1 million in 2021 (previously 11.1 million), a loss of $ 14.6 million in 2022 (previously a profit of $ 36.6 million). with an EBITDA margin of 16.6%) before turning positive in 2023 to $ 17.4 million (previously $ 56 million) to produce an EBITDA margin of 8.5%, thanks to the improvement gross margins and a higher sales base conducive to operating leverage.

Gomes notes a number of important drivers of the company’s potential growth for 2022, including a 37% increase in provincial registrations in the last quarter, growth in the cannabis markets in Canada and the United States, and improvements in operational efficiency and procurement. chain integration.

Overall, Gomes believes 2022 will be an important year for The Valens Company from a financial standpoint.

“In the US, we believe the long-term outlook for the US CBD market is compelling, offering growth opportunities and an option for favorable regulatory developments in the CBD and THC markets,” Gomes said. . “As Valens integrates its supply chain and improves its operational efficiency, we believe the margins will gradually increase. “

Overall, The Valens Company’s share price rose 14.6% during the year, reaching a high of $ 4.00 / share on May 10.


Source link

]]>
Clearlake Capital completes the acquisition of Cornerstone OnDemand https://premudraja.net/clearlake-capital-completes-the-acquisition-of-cornerstone-ondemand/ Fri, 15 Oct 2021 13:04:00 +0000 https://premudraja.net/clearlake-capital-completes-the-acquisition-of-cornerstone-ondemand/ Clearlake’s investment will accelerate Cornerstone’s product innovation to help organizations and their employees grow and succeed, together Posted: October 15, 2021 at 9:04 a.m. EDT|Update: 5 hours ago SANTA MONICA, California, October 15, 2021 / PRNewswire / – Clearlake Capital Group, LP (together with its subsidiaries “Clearlake“) announced today that it has completed the acquisition […]]]>

Clearlake’s investment will accelerate Cornerstone’s product innovation to help organizations and their employees grow and succeed, together

Posted: October 15, 2021 at 9:04 a.m. EDT|Update: 5 hours ago

SANTA MONICA, California, October 15, 2021 / PRNewswire / – Clearlake Capital Group, LP (together with its subsidiaries “Clearlake“) announced today that it has completed the acquisition of Cornerstone OnDemand, Inc. (NASDAQ: CSOD,” Cornerstone OnDemand “or” Cornerstone “), a global leader in talent management software. The acquisition was previously announced the August 5, 2021, and was approved by Cornerstone OnDemand shareholders on 12 october, 2021. Under the terms of the agreement, Clearlake acquired the outstanding shares of Cornerstone common stock for $ 57.50 per share in cash. As a result of the transaction, Cornerstone is now a private company and Cornerstone’s common stock is no longer listed on the public market.

www.clearlake.com (PRNewsfoto / Clearlake Capital Group)

The acquisition combines Cornerstone’s product and industry leadership with Clearlake proven experience in software investment and operational improvement approach, SPO®, to strengthen and accelerate the next phase of business growth and innovation.

Clearlake investing in Cornerstone is an exciting and important milestone for our business and our customers, ”said Phil saunders, CEO, Cornerstone. “Clearlake has shown immense confidence in our talented team and the direction we are taking. With their financial sponsorship to invest in growth, we will have even more opportunities to accelerate innovation and advance our clients’ efforts to ensure their organizations – and their employees – are ready for the future. “

“Cornerstone has done a tremendous job providing top notch software solutions to a large global customer base,” said Behdad Eghbali, co-founder and managing partner, and Prashant Mehrotrapartner of Clearlake. “We are delighted to partner with the talented employees of the company and believe Cornerstone is well positioned to continue to strengthen its strong leadership position in SaaS talent management solutions, both organically and through a business activity. acquisition of additional modules accelerated. “

“We are proud to partner with Clearlake and the Cornerstone leadership team in the next stage of business growth, ”said David Fishman, Managing Director and Head of Private Equity, and Andy Fishman, Managing Director of Vector Capital. “During our ownership of Saba Software, we have developed an immense respect for Cornerstone, and we believe that the innovative products and people of the company will extend Cornerstone’s leadership position for years to come.

Advisers
Qatalyst Partners and Centerview Partners LLC served as financial advisers to Cornerstone, and Cooley LLP served as legal counsel.

Morgan Stanley, Rothschild & Co., JP Morgan, Goldman Sachs, BoA Securities, Barclays, Jefferies and William Blair served as financial advisers to Clearlake. Sidley Austin LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisors to Clearlake in connection with the acquisition and debt financing.

JP Morgan, BoA Securities, Ares, Golub, Antares, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.

About Cornerstone
Cornerstone powers the future-ready workforce with adaptive HR software designed to unite people, teams, technology and business to inspire a work environment of growth, agility and success for everyone. With an AI-powered, competency-driven system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere , accelerate the mobility of talent and careers and establish skills as the universal language of growth and success across their business. Cornerstone serves over 6,000 customers and 75M users and is available in 180 countries and 50 languages. https://www.cornerstoneondemand.com/

On Clearlake
Founded in 2006, Clearlake Capital Group, LP is an investment firm operating integrated businesses in private equity, credit and other related strategies. With a sector-based approach, the company seeks to partner with world-class management teams by providing patient and long-term capital to dynamic businesses that can benefit from Clearlake operational improvement process, OPS® The main target sectors of the company are technology, industry and consumption. Clearlake currently has more than $ 50 billion of assets under management, and its senior investment directors have led or co-led over 300 investments. The company has offices at Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.

Cornerstone Media Contact:
Deaira irons, Cornerstone OnDemand
dirons@csod.com

Clearlake Media Contact:
Jennifer hurson, Lambert & Cie.
jhurson@lambert.com

Cornerstone on demand
Cornerstone on demand

View original content to download multimedia:

SOURCE Clearlake Capital Group

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.


Source link

]]>
Tala seizes $ 145 million to bring more financial services to emerging markets – TechCrunch https://premudraja.net/tala-seizes-145-million-to-bring-more-financial-services-to-emerging-markets-techcrunch/ Thu, 14 Oct 2021 11:04:47 +0000 https://premudraja.net/tala-seizes-145-million-to-bring-more-financial-services-to-emerging-markets-techcrunch/ Tala, an emerging market digital lender that offers loans between $ 10 and $ 500 to consumers and small business owners, has raised $ 145 million in Series E financing. Upstart, a company founded by ex-Googlers Dave Girouard, Anna Counselman and Paul Gu, led the round. The DeFi Stellar Enterprise Foundation network participated, alongside new […]]]>

Tala, an emerging market digital lender that offers loans between $ 10 and $ 500 to consumers and small business owners, has raised $ 145 million in Series E financing.

Upstart, a company founded by ex-Googlers Dave Girouard, Anna Counselman and Paul Gu, led the round. The DeFi Stellar Enterprise Foundation network participated, alongside new investors Kindred Ventures and the J. Safra group.

Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round which brings Tala’s total funding raised to just over $ 360 million.. The new investment values ​​Tala north of $ 800 million, according to a source close to the company.

NeverthelessUnlike the last round of funding where Tala raised $ 100 million in debt financing in addition to its $ 110 million Series D, the microlender only raised equity this time around.

In 2011, Shivani Siroya founded Tala after leaving his position as an investment banking analyst. The idea came about while engaging in research for the United Nations Population Fund. She found that many people she spoke to in emerging markets were creditworthy but did not have immediate access to credit and quick loans.

To add to this, more than 2 billion of these people have limited access to financial services and working capital. according to World Bank statistics.

Carefully By studying the issues causing this problem, Siroya concluded that the financial system in these markets was essentially not designed to meet the needs of the underserved segment.. And Tala could change that; and so far it has (to some extent).

In 2014, Tala first launched its mobile app to offer unsecured credits and loans to consumers in Kenya, but has since expanded to the Philippines, Mexico and, more recently,, India. The business uses users’ phone data and their activity (for example, how often and how quickly phone bills are paid) to create credit scores that determine how much credit a user can receive..

More than 6 million customers in these four markets use Tala, and the company says it has disbursed more than $ 2.7 billion in credit since its creation.

And with 12,000 new users signing up for credit every day, Tala is transitioning to offer a wider range of financial services around one account and capture more value throughout the supply chain..

“Our Android app gave over 6 million people access to our first product, which was access to credit,” Siroya told TechCrunch on a call.. “And now we are going beyond that to become that full financial account for our clients. And, again, in all of our markets, that’s what we’re looking to do with this fundraiser.

The founder and CEO stressed that the new product offerings will help customers “better use, save, protect and grow their money.”

Think of it as a credit-driven digital banking approach that takes advantage of a credit card or similar offering (in Tala’s case, credit through cellphones) and provides other services around it. ‘a bank account. Neobanks such as Brazilians Nubank and Neon and Nigerians FairMoney and Carbon have explored this model.

So what prompted Tala to take this path? According to Siroya, users reduced their use of cash during the pandemic and showed Tala various pain points for why customers needed more financial products beyond credit.

“Through the relationship and the trust we have with our customers, we really wanted to move quick to be able to meet those needs, ”said Siroya.

With Tala, users have access to an account and other tools to borrow, save and manage their money, the company said in a statement. In turn, Tala says it will offer an expanded range of personalized credit options, including longer-term loans to match clients’ income cycles..

The use of crypto and decentralized finance to enable the company’s roadmap is an integral part of this new direction.

PayPal-Backed Company Says It Wants To Develop The First Consumer Crypto Product For Emerging Markets And Make Crypto Affordable For Its Users. Next, Tala plans to use blockchain-based finance to refine its capital market strategy and connect investors and borrowers on the Tala platform..

Reached and the Foundation for Stellar Development (SDF), two investors in the round, are critical to this next phase of growth for Tala. An AI lending platform, Upstart has helped banks and credit unions obtain more than $ 13 billion in loans. At a time, SDF – the non-profit arm of the Star Network – leverages interoperability with existing financial systems around the world.

“For us it really sort of matches both things. We continue to refine and get even better in terms of our credit offers, ”said Siroya. “And then the other side is really think about how can we accelerate this experience and leverage crypto with these platforms.

Following the announcement, Paul Gu, co-founder of Upstart and Denelle Dixon, executive director and CEO of the Stellar Development Foundation, will join Tala’s board of directors..

During our conversation, I referred to Branch, a close competitor to Tala, and noted that it was interesting that both platforms were designed simultaneously to provide services other than credit..

Like Tala, Branch started out as a digital lender providing loans to clients in Nigeria, Kenya, Tanzania and India.. But now the company, backed by Visa, IFC and Andreessen Horowitz, is becoming a digital bank that provides bill payment, money transfer, and investment functions..

While Siroya can spot the coincidence, she doesn’t hesitate to praise her business above other apparent competitors.

“I think that through all our markets, we are really seeing that many fintechs are coming in and seeing the same opportunity. But again, when you think about the design of these platforms and products, there is no one really which has the global breath that Tala has for the underserved segment in our four markets, ”said CEO.

With its new capital, Tala also plans to develop its team in the four markets it serves and in the United States, where it has its seat. The company says it will also push forward geographic expansion plans, although it has remained insensitive to the markets they might be.


Source link

]]>
Newmark expands its International Capital Markets group https://premudraja.net/newmark-expands-its-international-capital-markets-group/ Wed, 13 Oct 2021 05:16:00 +0000 https://premudraja.net/newmark-expands-its-international-capital-markets-group/ Posted: October 12, 2021 at 11:16 pm MDT|Update: 39 minutes ago After the execution of Newmark 40 billion dollars in US capital markets transactions with offshore investors over five years, the ICM group is bringing in new experts in Asia Pacific and regions of the Middle East to support growing demand NEW YORK and HONG […]]]>

Posted: October 12, 2021 at 11:16 pm MDT|Update: 39 minutes ago

After the execution of Newmark 40 billion dollars in US capital markets transactions with offshore investors over five years, the ICM group is bringing in new experts in Asia Pacific and regions of the Middle East to support growing demand

NEW YORK and HONG KONG, October 13, 2021 / PRNewswire / – Newmark Group, Inc. Announces Expansion of its International Capital Markets (‘ICM’) Group with the Hiring of Frédéric wong as Executive Managing Director, Asia Pacific Capital Markets and Joseph morris, Executive Managing Director, Middle East Capital Markets.

Based in Hong Kong, Frederick Wong will manage cross-border investment activities with Newmark’s international capital markets clients throughout the Asia-Pacific region.

The additions reflect Newmark’s broader strategy of investing in recruiting and strategic acquisitions internationally.

The new additions reflect Newmark’s broader strategy of offering a full range of commercial real estate services in key regions of the world, as the company continues to invest in recruiting and strategic acquisitions internationally. Additionally, they bolster the firm’s dedicated ICM team – a group led by Vice President, International Capital Markets Division Head Alex Foshay – who has executed more than 40 billion dollars in US capital markets transactions with foreign investors in conjunction with local Newmark advisors over the past five years. The group facilitates cross-border capital flows through a wide range of investment structures, working with non-national investors on the deployment of capital in real estate and related sectors, from Europe, the Middle East, the Americas and Asia Pacific.

“Newmark’s capital markets capabilities have long been the cornerstone of our platform, both nationally and internationally,” said Newmark’s chief executive officer. Barry gosin. “As geographic barriers to cross-border investments continue to disappear, we look forward to reinvesting in this growing industry with two key executive hires, both of which strengthen our reach in some of the most dynamic global markets. “

Situated at Hong Kong, Frédéric wong manage cross-border investment activity with ICM clients throughout the Asia Pacific Region. He brings over 20 years of experience in real estate investment banking and financial services, including advising on public and private capital markets. During his career, Wong has achieved more than $ 20 billion in direct asset and portfolio sales, recapitalizations, IPOs, public bond issues and loan syndications. Prior to joining Newmark, he was a partner at Brookfield Financial, where he advised on real estate transactions in Greater China and the largest Asia Pacific markets. Wong also held executive positions at Macquarie Capital Greater China real estate investment banking division, UBS Greater China and Asia the banking team and the investment banking division of Credit Suisse.

Joe morris will assume responsibility for investor groups through the Middle East Region. Situated at DubaiMorris brings over 18 years of real estate capital markets experience across all major real estate industries in buying and selling roles and has worked on over 10 billion dollars of completed transactions. During his career, Morris has provided coverage for sources of sovereign, institutional and private capital through the Middle East, including as a partner at Knight Frank and head of MENA Capital Markets, responsible for regional and international investments on behalf of a Middle East investor base.

“I am delighted to welcome Fred and Joe to the dedicated ICM team after an extremely active year for our platform,” said Foshay. “Our team has done an excellent job in meeting the challenges of the pandemic to execute complex transactions, as non-domestic investors seek opportunities to capture today’s low hedging costs, favorable financing and yields at attractive leverage in the US market. With their vast experience and extensive regional networks, I have no doubts that Fred and Joe will bring immediate value to our growing customer base. “

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly fueling every phase of the property lifecycle. Newmark’s full suite of services and products are uniquely tailored to suit every customer, from owners to occupants, investors to founders, and startups to blue chip businesses. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark provides superior service to clients across the industry. Newmark generated revenues in excess of $ 2.2 billion for the last twelve months ending June 30, 2021. The offices owned by Newmark Company, as well as its business partners, operate from more than 160 offices with approximately 6,200 professionals worldwide. To learn more, visit nmrk.com or follow @newbrand.

Discussion of forward-looking statements regarding Newmark
Statements contained in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements regarding the effects of the COVID-19 pandemic on the business, results, financial condition, liquidity and prospects of the Company, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, perhaps materially, from what is currently expected. Except as required by law, Newmark assumes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see Newmark’s Securities and Exchange Commission documents, including, but not limited to, the risk factors and the special note on Forward-looking information set out in these documents and any updates to these risk factors and the special note on forward-looking information contained in subsequent reports on Form 10-K, Form 10- Q or Form 8-K.

Joe Morris, based in Dubai, will assume responsibility for Newmark's International Capital ...
Joe Morris, based in Dubai, will assume responsibility for Newmark’s international investor groups in capital markets in the Middle East region.
Newmark Group, Inc. (PRNewsfoto / Newmark Group, Inc.)
Newmark Group, Inc. (PRNewsfoto / Newmark Group, Inc.)

View original content to download multimedia:

SOURCE Newmark Group, Inc.

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.



Source link

]]>
Spdr S & p Capital Markets Etf KCE Trading Report https://premudraja.net/spdr-s-p-capital-markets-etf-kce-trading-report/ Mon, 11 Oct 2021 22:00:00 +0000 https://premudraja.net/spdr-s-p-capital-markets-etf-kce-trading-report/ October 11, 2021, 6 p.m. ET, BY David D. – Contributor | Publisher: Thomas H. Kee Jr. (Follow on LinkedIn) Source: Daily Stock Exchange Traders Longer term trading plans for KCE Buy KCE on 98.69 target 102.65 stop loss @ 98.4 Details Summary technical data tells us to buy KCE near 98.69 with a bullish […]]]>

Source: Daily Stock Exchange Traders

Longer term trading plans for KCE
  • Buy KCE on 98.69 target 102.65 stop loss @ 98.4 Details
  • Summary technical data tells us to buy KCE near 98.69 with a bullish target of 102.65. This data also tells us to set a stop loss @ 98.4 to protect against an excessive loss in case the stock starts to move against the trade. 98.69 is the first level of support below 99.02, and by rule any test of support is a buy signal. In this case, 98.69 support would be tested, so a buy signal would exist.

  • Short KCE under 102.65, target 98.69, stop loss @ 102.95 Details
  • The technical summary of the data suggests a short sale of the KCE as it approaches 102.65 with a bearish target of 98.69. We should have a stop loss in place at 102.95 however. 102.65 is the first resistance level above 99.02, and by rule, any resistance test is a short signal. In this case, if resistor 102.65 is tested, a short signal would exist.

Swing Trading Plans for KCE
  • Buy KCE above 100.45, target 102.65, Stop Loss at 100.16 Details
  • If 100.45 starts to break higher, the technical summary tells us to buy KCE at just above 100.45, with a bullish target of 102.65. The data also tells us to set a stop loss @ 100.16 in case the stock turns against the trade. 100.45 is the first resistance level above 99.02, and by rule, any breakout above resistance is a buy signal. In this case 100.45 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short KCE near 100.45, target 98.69, Stop Loss @ 100.74. Details
  • The technical summary of the data suggests a short sale of KCE if it tests 100.45 with a bearish target of 98.69. We should have a stop loss in place at 100.74 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 100.45, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for KCE
  • Buy KCE on 99.18, target 100.45, Stop Loss @ 98.95 Details
  • If 99.18 starts to break higher, technical summary data tells us to buy KCE just above 99.18, with a bullish target of 100.45. The data also tells us to set a stop loss @ 98.95 in case the stock turns against the trade. 99.18 is the first resistance level above 99.02, and by rule, any breakout above resistance is a buy signal. In this case, 99.18, initial resistance, would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short KCE near 99.18, target 98.69, Stop Loss @ 99.41. Details
  • The technical summary of the data suggests a short sale of KCE if it tests 99.18 with a bearish target of 98.69. We should have a stop loss in place at 99.41 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 99.18, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

KCE Technical Summary | Raw data for trading plans

Term → Near Environment Long
Bias Strong Neutral Strong
P1 0 0 98.69
P2 95.59 97.66 102.65
P3 99.18 100.45 106.57


KCE Swing Trading analysis for October 11, 2021


KCE Day Trading analysis for October 11, 2021

Technically, Spdr S & p Capital Markets Etf (NYSE: KCE) provides opportunities for traders who watch the stock price oscillate over time.

Warning:

This is a static report, the data below was valid at the time of publication, but KCE support and resistance levels change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if KCE is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for KCE as well. All these elements are proposed under the summary table.

Evitar Corte vs S&P 500 chart


A D

Fundamental Charts for KCE


Source link

]]>
Time for a health check https://premudraja.net/time-for-a-health-check/ Sun, 10 Oct 2021 17:15:23 +0000 https://premudraja.net/time-for-a-health-check/ This article is an on-site version of our The Week Ahead newsletter. Register now here to receive the newsletter directly in your inbox every Sunday Hello and welcome to the working week. We’re all a lot more aware of the need to take care of ourselves these days – a very thin silver liner to […]]]>

This article is an on-site version of our The Week Ahead newsletter. Register now here to receive the newsletter directly in your inbox every Sunday

Hello and welcome to the working week.

We’re all a lot more aware of the need to take care of ourselves these days – a very thin silver liner to a pandemic – and this week a lot of people are looking to do just that.

First, there is a glut of marathons, both those that have been delayed, like Paris, and an annual fall fixture, like the Boston event, which takes place on the Columbus Day holiday every year. . If you like a grueling run – like the FT’s Laura Noonan – there are more than 300 to choose from in October, more than any other month this year, according to online tracker Global Marathon.

For those who care about what they eat (or rather shouldn’t eat), get ready for Anti-McDonald’s Day on Saturday. Then there’s the growing trend of Covid passports, which come into effect in Wales on Monday and in Brussels on Friday, measures that divide societies. Be careful.

Companies

After a profit warning erased from 15% of Boohoo’s market value last month, investors will be watching rival Asos’ annual results closely on Thursday. The two online fashion retailers serve slightly different markets and Asos already has the advantage of having a distribution infrastructure in the United States and Europe.

But cost pressures are mounting in the supply chain and competition is mounting, both from reopened physical retailers and online rivals such as China’s SheIn. Analysts expect a pre-tax profit of £ 180m on sales of £ 3.92bn, and more details on the future strategy on a day of capital markets support.

This is the first wave of the banking results season. Goldman Sachs, which released its third quarter results on Friday, is one indicator for investment banking, an industry that is thriving on the M&A boom.

JPMorgan Chase will provide a broader perspective on Wednesday of loan demand (which has been weak) and overall consumer spending, which has recovered but could be threatened by the Delta coronavirus variant.

If you are interested in Wednesday’s BlackRock results, you should read this.

Economic data

The two key points on the UK’s economic agenda this week will be Tuesday’s labor market figures and, 24 hours later, August’s gross domestic product estimate, giving us a better guide to what happens behind the headlines of truck drivers and slaughterhouses. labor shortage, upward pressure on wages and a return to the 1970s economy.

Hopefully these will be more edifying than the US non-farm payroll data from last Friday – apologies, by the way, to those of you who didn’t think enough was said last week. , but thanks for the emails. Keep them coming to jonathan.moules@ft.com.

Inflation will once again be a topic of conversation with the Consumer and Producer Price Index data released for the United States, India, Germany, Japan, France and Italy.

Main economic and corporate reports

Here’s a more comprehensive list of what to expect in terms of corporate reports and economic data this week.

On Monday

  • Italy, Istat industrial production figures

  • Galp Energia SGPS commercial update

Tuesday

  • India, monthly consumer price index figures

  • Italy, G20 trade ministers meeting in Sorrento

  • Japan, monthly producer price indices

  • United Kingdom, Office for National Statistics monthly labor market statistics

  • UK income and employment update from Pay As You Earn data

  • Update from the United States and the IMF on its Global Financial Stability Report, Assessing Risks in the Global Financial System

  • Results: LVMH T3

Wednesday

  • China, monthly trade figures

  • Germany, consumer price index data

  • Just eat take out Q3 Business Update

  • OPEC’s monthly oil market report

  • United Kingdom, ONS monthly GDP estimate, plus trade and construction output data, and monthly output and services index

  • Results: Black rock T3, Infosys T2, JPMorgan Chase T3

Thursday

  • Ashmore Group AGM

  • Barratt Developments AGM and commercial update

  • BHPLondon AGM

  • China, monthly consumer price index and inflation figures

  • Japan, industrial production data

  • United Kingdom, Bank of England Bank Liability Survey and Quarterly Credit Conditions Review

  • Quarterly Survey of Financial Services in the UK, CBI and PwC

  • UK, Monthly Residential Market Survey from the Royal Institution of Chartered Surveyors

  • United States, Department of Labor Bureau of Labor Statistics Producer Price Indexes

  • Results: Asos FY, Bank of America T3, Citigroup T3, Domino’s Pizza T3, Fast retail FY, HCL Technologies T2, Morgan stanley T3, Sudzucker T2, Taiwan Semiconductor Manufacturing Company T3, Temenos T3, Uni Health Group T3, US Bancorp T3, Alliance of Walgreens boots FY, Wells fargo T3

Friday

  • EU, monthly Eurostat data for international trade in goods

  • France, inflation rate figures

  • Hargreaves lansdown Review of Q3 operations

  • Italy, Istat monthly consumer price index and inflation data

  • United Kingdom, Business and Personal Insolvency Statistics for England and Wales

  • Results: Tour of China T3, Goldman Sachs T3, Honeywell T3, JB Hunt Transport Services T3, PNC Financial Services T3, Prologis T3, Rio Tinto T3

Global events

Finally, here’s a look at other events and milestones this week.

On Monday

  • Canada, Thanksgiving

  • Spain, Pharma Europe, billed as the world’s largest meeting of leaders in the commercial pharmaceutical industry, begins in Barcelona

  • Sweden, Nobel Laureate in Economics announced in Stockholm

  • UK vaccine passports enter into force in Wales

  • United States, Boston Marathon takes place

  • United States, Columbus Day holiday

Tuesday

  • United Kingdom, Thanksgiving service at Westminster Abbey to mark the centenary of the Royal British Legion

  • Amazon.com Founder Jeff Bezos’ Blue Origin NS-18 Spacecraft Is Set To Launch With Star Trek actor William Shatner on board

Wednesday

  • United Kingdom, general elections in Saint Helena, the second oldest British overseas territory after Bermuda

  • The 57th Chicago International Film Festival kicks off in the United States

Thursday

Friday

  • Belgium, vaccine passports enter into force in Brussels

  • Italy plans to enforce some of the world’s toughest anti-Covid measures, requiring all workers to show proof of vaccination, negative test or recent recovery from infection

  • Italy, a preliminary hearing to be held in Genoa in the legal case concerning the collapse of the Morandi motorway bridge in 2018

Saturday

Sunday

Recommended newsletters for you

Long story short – The biggest stories and the best reads in one smart email. Register now here

Dashboard – Key news and analysis behind business decisions in sports. Register now here


Source link

]]>