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Daily Archives: May 26, 2017
Indian Oil Corp Finds – Surprise – That Less Bureaucracy Means Higher Profits – Forbes
Posted: May 26, 2017 at 4:29 am
The Indian Express | Indian Oil Corp Finds - Surprise - That Less Bureaucracy Means Higher Profits Forbes State-owned Indian Oil Corp (IOC) saved over Rs1,000 crore last fiscal after the government gave state-owned refiners the freedom to formulate their own crude import policies. IOC chairman B.Ashok said the freedom allowed the companies to decide on ... Indian Oil saves Rs 1000 crore in FY17 on import policy headroom |
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Indian Oil Corp Finds - Surprise - That Less Bureaucracy Means Higher Profits - Forbes
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US sends Navy ship near island claimed by China in SCS – Business Standard
Posted: at 4:29 am
The US has sent a navy warship near an artificial island in the disputed South China Sea as part of the first "freedom of navigation" operation under President Donald Trump, in a move likely to provoke Beijing.
The guided-missile destroyer USS Dewey conducted a patrol within 20 kilometres of Mischeef Reef, part of the Spratly Islands over which several countries, including China, have competing claims.
The exercise is the first since October.
Pentagon spokesman Jeff Davis said, "We operate in the Asia-Pacific region on a daily basis, including in the South China Sea. We operate in accordance with international law."
The patrols are "not about any one country, or any one body of water," he told the Wall Street Journal in a statement.
The "freedom of navigation" operation is a signal intended by the US to assert its intention to keep critical sea lanes open, The Hill newspaper reported.
"In conducting the freedom of navigation patrol, President Trump is likely to anger China at a time when the US is seeking increased cooperation with the country to help rein in North Korea," it said.
China claims almost all of the South China Sea. But Taiwan, the Philippines, Brunei, Malaysia, and Vietnam have rival claims over the region.
Since 1979, the freedom of navigation programme has demonstrated non-acquiescence to excessive maritime claims by coastal states all around the world. It includes consultations and representation by US diplomats and operational activities by US military forces, another Pentagon official said.
In February USS Carl Vinson Strike Group arrived in South China Sea but did not conduct Freedom of Navigation Operations (FONOPS) against Chinese maritime claims around its artificial-island bases in the Spratly and Paracel islands.
Early this month, Davis told foreign journalist that the FONOPS is a routine activity carried out by the US around the world.
"We did last fiscal year, freedom of navigation assertions against 22 different countries all over the world. Many of those countries are friends and allies," he said.
"It's not about one country. It's not about one body of water. Unfortunately, I think the public narrative has made it about China and the South China Sea. It's not that. It's about asserting international rights to navigate in waters that international law accepts, and these are rights and benefits that benefit all countries on Earth, to include China," Davis said.
"We do these. We will continue to do them," the Pentagon spokesman said.
In an annual FNOPS report released by the Pentagon in February, the Department of Defence said that in 2016 it carried out freedom of navigation operations against 22 countries, including India. Other major countries were Brazil, Indonesia, Iran, Italy, Japan, Malaysia, Oman, Pakistan, Philippines, South Korea, Thailand, and Vietnam.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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US sends Navy ship near island claimed by China in SCS - Business Standard
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Robin L. Wiessmann: Positive steps taken for consumer financial independence – Allentown Morning Call
Posted: at 4:29 am
Gov. Wolf and I would like to congratulate members of our House of Representatives for their bipartisan actions on two pieces of legislation designed to help Pennsylvania consumers achieve and maintain lifelong financial independence.
House Bill 780, sponsored by Rep. Ryan Mackenzie, whose 134th District includes part of Lehigh County, promises to extend the network of legal protections for homeowners by filling a vacuum in the commonwealth's regulatory authority in the mortgage marketplace. The House passed this bill on April 24 by a vote of 184-7.
Currently, Pennsylvania is in a distinct minority of states that does not grant its financial services regulator authority over companies that collect mortgage, tax and insurance escrow payments from homeowners. Mortgage servicing, as the business is called, is a critically important presence in a homeowner's life, especially since the consumer often has no choice in which company will service his or her mortgage.
News reports about mortgage servicing have painted a picture of the industry where too often homeowners are harmed by companies whose systems have failed, resulting in payment errors and even wrongful foreclosures. For example, more than 20 state regulators recently filed enforcement orders against a mortgage servicer named Ocwen for a range of system failures. Ocwen is one of the nation's largest non-bank mortgage servicers, conducting mortgage loan servicing for approximately 1.4 million consumers, including more than 53,000 homeowners in Pennsylvania. Pennsylvania was not among those 20 states because Pennsylvania does not regulate mortgage servicing.
Rep. Mackenzie's bill will grant the Department of Banking and Securities the authority to license mortgage servicers and examine their operations and books to ensure that their systems are working and their practices are not harming consumers.
House Bill 1039, sponsored by Rep. Rosemary Brown, whose 189th District includes part of Monroe County, allows banks and credit unions to create incentives for their account holders to save money, whether to be able to meet unexpected financial emergencies or for retirement. The House passed this bill on April 24 by a vote of 192-0.
According to the Center for Retirement Research, one in three American households has no savings account, and nearly 44 percent of American households do not have enough money saved to cover expenses if they lose a job or face a medical emergency.
At the same time, according to the National Institute on Retirement Security, 45 percent of Americans have nothing saved for retirement; the median retirement account for all working-age households is only $2,500, and median savings for those nearing retirement is only $14,500.
I agree with Rep. Brown, who stated that "we need to help families to start building a financial reserve."
Other states have begun to address this challenge. Michigan launched the first savings promotion raffle program in 2009. Data from 2013 show that financially vulnerable participants increased their savings by 30 percent over a 12-month period. Based on that success, 10 other states have since enacted similar legislation.
Rep. Brown's bill is one positive step that provides a piece to the savings puzzle. HB 1039 for the first time legally authorizes banks and credit unions to conduct savings promotion raffles in which the winner of the contest can have money deposited into a qualified account/savings program.
As these bills come up for consideration in the Senate, Gov. Wolf and I call upon our state senators to give these bills their support. Both bills provide bipartisan wins for members of the General Assembly as well as positive outcomes for Pennsylvanians working to secure the financial future for themselves and their families.
Robin L. Wiessmann is secretary of the state Department of Banking and Securities.
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Your Investments: Jerusalem Day, cheesecake and financial independence – The Jerusalem Post
Posted: at 4:29 am
The Jerusalem Post | Your Investments: Jerusalem Day, cheesecake and financial independence The Jerusalem Post As I write this column, outside of my office there is a steady stream of teenagers singing and waving Israeli flags heading for the annual Jerusalem Day flag parade. While some see this parade as a display of extreme nationalism, I think it's beautiful ... |
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Your Investments: Jerusalem Day, cheesecake and financial independence - The Jerusalem Post
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Unusual Activity Spotted in Sealand Natural Resources Inc (SLNR) – Melville Review
Posted: at 4:29 am
Sealand Natural Resources Inc (SLNR) shares are moving today onvolatility37.50% or $0.15 from the open.TheOTCBB listed companysaw a recent bid of $0.5500 and1705shares have traded hands in the session.
Investors may be trying to decide if stocks will make new highs before the year is out, and whether or not the bull market will celebrate its 9th anniversary next year. The tricky part is prognosticating the short term picture. Investors may not be comfortable enough to go all in, but they may not want to get bearish given the solid economic backdrop. Will there be a big breakout given the strength of earnings and economic growth? Will investors just become numb to the headlines and decide to focus on the positive economic picture? It is always wise to remember that the market can have a correction at any time for any reason. If the political landscape gets even more dysfunctional, then it may be enough of a driver to spur a correction.
Taking a deeper look into the technical levels ofSealand Natural Resources Inc (SLNR), we can see thatthe Williams Percent Range or 14 day Williams %R currently sits at -55.56. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Sealand Natural Resources Inc (SLNR) currently has a 14-day Commodity Channel Index (CCI) of 32.00. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Sealand Natural Resources Incs 14-day RSI is currently at 53.52, the 7-day stands at 54.25, and the 3-day is sitting at 54.82.
Currently, the 14-day ADX for Sealand Natural Resources Inc (SLNR) is sitting at 13.82. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
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Unusual Activity Spotted in Sealand Natural Resources Inc (SLNR) - Melville Review
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Tracing California’s techno-utopia, from function to fantasy … – wallpaper.com
Posted: at 4:28 am
What do Apple, Google, and Facebook have in common with the Californian hippie movement of the 1960s? A new exhibition at Londons Design Museum explains the relationship between Silicon Valleys eco-system and Californias freewheeling past.
California: Designing Freedom is organised around five themes, considering how individuals can control how they see, make, speak, travel, and share, using technology. Presented partly in a series of Geodesic domes the lattice-shelled architectural structures favoured by Californian communes in the 1960s and 1970s the curators Justin McGuirk and Brendan McGetrick demonstrate how the 1960s counterculture movements in the Golden State have inspired the ethos of its major corporations up to today, with the belief that technology can equip the individual with the tools for a better, easier, and self-sufficient life.
Rainbow flag, by Gilbert Baker, 1978
Through objects, archival publications, documents, and even LSD blotting paper, the benevolence of that ideology is unwavering. Stewart Brands 1968 Whole Earth Catalogue, a precursor to Wikipedia, for example, was an early attempt to democratise access to information; a home kit for genetic engineering is another invention that shares the intent of giving the public the tools to create change for themselvesalbeit more problematic when put in to practical use.
Although this exhibition is a buoyant celebration of California as the heartland of pioneering design and technology, its not all gimmicks, gizmos and gadgets. In 1995, two academics at the nearby University of Westminster published an essay that also probed at the politics of the Silicon Valley, now visualised in this exhibition.
Richard Barbrook and Andy Cameroons The Californian Ideology pointed out the contradictions in the idealistic impulse in Dotcom neoliberalism in Silicon Valley. The media theorists argued that the paradoxical mix of New Left and New Right beliefs in California has in fact lead to what Adam Curtis later referred to as the feeling that we are helpless components in a global system. The more pernicious consequences of technological advances in our advance capitalist systemfrom social immobility, to hacking and terrorismcant be ignored.
With some of the very recent new technologies now at our disposition, on display here: Snapchat Spectacles, Amazon Echo, FitBit and, Waymo (Googles self-driving car, seen for the first time in the UK) the question is left hanging over the techno-utopia. From functional to fantastical, youre left wondering whether technology has really liberated us, or made us slaves to the machine.
DESIGN MUSEUM, TECHNOLOGY, AMERICAN DESIGN, GOOGLE, APPLE, LONDON EXHIBITIONS
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Tracing California's techno-utopia, from function to fantasy ... - wallpaper.com
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Burials In Several Earths Euan Andrews , May 25th, 2017 07:28 – The Quietus
Posted: at 4:28 am
1984 and the leering face of a devil roars exultantly as it smashes through the wall of an old English church, drawing upon the mounting forces of turmoil and unrest fermenting in the strife-torn countryside in order to gain power and strength. 1975 and the British Isles have reverted to a de-industrialised fear-strewn land where outsiders and unbelievers are viewed with suspicion and hostility as self-proclaimed witchfinders seek out those who would question this return to a prelapsarian idyll. And there's 1972, the metal corridors of an offshore sea fort clanging discordantly to the scuffled, wheezing pursuit between dreaded ocean-borne intruders and island dwellers desperate to defend what they view as rightfully theirs. Fearful episodes resonating down the years like folk tales.
If you grew up in the blighted United Kingdom between the 1950s-1980s, then these images and the sounds which not only accompanied but enabled them may well be imprinted onto your memories to the point that they've formed part of your own consciousness. Sound generated from within the television to the point that it formed a crucial link between ourselves and the screen, way beyond notions of mere incidental music. In the 1975 BBC children's drama The Changes, it is sound, in the form of a hyper-pressurised all-enveloping electronic scream courtesy of the Radiophonic Workshop's Paddy Kingsland, which signals the fall of Britain back into a devastating yet almost welcomed Dark Age.
We also have sound houses, where we practice and demonstrate all sounds, and their generation. We have harmonies, which you have not, of quarter-sounds and lesser slides of sounds. These words form part of Francis Bacon's 17th century text The New Utopia and were utilised by Radiophonic Workshop co-founder Daphne Oram in 1957 as aspirational desire for the production of experimental electronic sound worlds within the BBC's output. Sixty years later, with utopian notions further from view than at any time since Oram's hopeful manifesto, the Radiophonic Workshop here release a new body of work based around five improvised pieces which also take their titles from Bacon's poetic future vision. The album credits the line-up as being Mark Ayres and Paddy Kingsland along with Martyn Ware and Steve Jones. It's strangely odd and disillusioning to think of the Workshop being just another group as opposed to government funded collective of isolated workers researching the limits of sound and music under the guise of light entertainment.
The lovingly rendered packaging for Burials in Several Earths very much plays up to the Workshop's influence as indirect progenitors of hauntological tendencies within strands of musical and cultural thinking throughout the 21st century thus far. Houses crumble under swirls of murky vortices and analogue synthesisers wash up as flotsam amongst wrecked ships on rocky shores. Yet, for all the imagery of one era's decay superimposed upon another, the music chimes with clarity and freshness reminiscent of Cluster at their most benevolently aqueous and formless. The five extended pieces, filtering waves of ambient shingle with fragmented piano patterns and sudden outbursts of Gilmour-esque guitar wail, are clearly intended to demonstrate the Workshop's abilities once freed from their duty as public servants to provide memorable themes. Sometimes, as on 'Things Buried in Water', the desire to break from these past boundaries can result in elongated passages of aimless meandering. But, considering the BBC's short-sighted disbanding of the Workshop in 1998, you can forgive the surviving members and acolytes occasional wish to drift and wander down blind alleys at will. While there is the odd lapse into grisly power-riffing, the overall mood is sedate if haunted. It has the same effect as dormant memories or lingering dreams, seemingly placid and harmless but then suddenly coiling itself around you.
Listening to Burials in Several Earths is like encountering background music for 2017 which was conceived forty years ago. There is certainly nothing here which could date it beyond the mid 1980s. But future and past, reality and fiction, seem to have completely lost any meaning in this present day. Pink Floyd, once counter-cultural totems, are feted with a heritage exhibition yet the real counter-culture sounds were being broadcast into children's television programmes and wildlife documentaries. Perhaps this means we are all the counter-culture now; we carry its inheritance within us and must pay heed to its warnings and urges. The sound houses become empty mausoleums as we hurtle further away from that utopian ideal. The future crumbles into dust while the past traps us in a perpetual time loop.
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Burials In Several Earths Euan Andrews , May 25th, 2017 07:28 - The Quietus
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The Greeley Stampede – Boulder Weekly
Posted: at 4:28 am
There was a time when people were drawn to Colorado for the abundance of farming opportunities and the utopian possibilities of new settlements rather than the craft beers and high-octane thrills. The makeup of 17th-century entrepreneurs looked a bit differently than the microbrew hustlers and Gor-Tex-clad athletes of today. But where cowboys used to herd the 300,000 buffaloes along the Front Range, a fleet of road bikes now keeps tabs on the plains back roads.
James Herman, rodeo chairman of Colorados largest rodeo, the Greeley Stampede, is convinced that these two cultures the new urban-dwelling mountain lovers and the old-school open space lovers need not be mutually exclusive. As the Greeley Stampede nears its 100-year anniversary, Hermans mission is to use the event as a platform for connecting the past and the present
As Colorado gets bigger and bigger, we feel like were losing some of our Western heritage, he says. So, [the rodeo] is a good way to preserve it.
Since its inception in 1922, the Greeley Stampede has drawn in crowds to experience, honor and learn about many of the states founding traditions. Over the course of this years 12-day festival, hundreds of thousands of spectators will come from every corner of the globe. Dozens of classic rodeo events, from bull riding to demolition derbies to steer wrestling, will ensue. Six late-night arena concerts will sound long past dark. Drinks will be had. Miss Rodeo Colorado 2017 will be named.
Its nonstop action and excitement. Good wholesome family fun, Herman says.
I always say its Colorados biggest party, adds John DeWitt, the rodeos general chairman.
Over the past century, however, a chorus of near-misses has split up the Stampedes legacy of joyful refrains; the Womens Christian Temperance Union, a devastating fire, a stampede that hospitalized 11 people, the 2000s economic recession, and even a cowboys death all tried to foil the rodeos success to no avail. Over the past 96 years, the rodeo has stayed strong, and continues to build upon its mission to celebrate and preserve Western heritage.
The Stampedes roots trace back to the late 1800s, when the town of Greeley dedicated a Fourth of July celebration to its super-star potato farmers who helped bring economic success to the newly-established settlement.
The town of Greeley itself was the product of one New Yorkers imagination. In 1841, Horace Greeley had just founded the New York Tribune, a weekly paper that once boasted the highest-circulation in the country. As the Civil War dragged on, he grew obsessed with developing the West and fiercely encouraged those on the Eastern seaboard to migrate toward sunset. Eventually he popularized the phrase, Go West, young man, and grow up with the country.
Five years after the Civil War ended, Greeley sent his agriculture editor Nathan Meeker on a reconnaissance mission with orders to find the perfect spot to set up a utopian agriculture colony. Greeleys vision incorporated a group of highly-educated and pious families, involved in sophisticated farming systems, collectively forging a new America.
Meeker scoured the Front Range and eventually settled in the swath of land nestled between the Poudre and the Platte Rivers. He planned for Greeleys community to maximize the available irrigation technology, and he started building ditches for farms. He also immediately broke ground on a school. On Dec. 4, 1869, Meeker wrote Call for a Western Community, a letter that Greeley published in the New York Tribune to announce that applications were open for those interested in the utopia. Meeker received over 3,000 letters in response, of which 324 originals are now kept in the Greeley History Museum.
In the end, Meeker chose 700 families and directed them to the Rocky Mountain outpost that he continued to develop. In April of 1870, the first members began to trickle in: the original adventurous, risk-taking transplants that founded Weld County. It would be another six years before Colorado became an official state.
Predictably, farming became the cornerstone that supported and eventually succeeded Greeleys utopian vision. Aside from a massive production of potatoes and cattle, Greeley was also making 25 percent of the nations sugar by 1920. The town continued its Fourth of July community celebrations to honor the farmers and their families, and in 1922, with 2,500 people in attendance, the yearly festival was officially christened the Greeley Spud Rodeo.
In the near-century since, the one-day event has grown to span 12 days, and its attendance has multiplied a hundredfold. Last year, DeWitt estimates more than 250,000 people passed through the festival, some flying in from countries across the world. The name has changed a handful of times, transitioning from the Spud Rodeo to Greeleys Rocky Mountain Stampede, to the Greeley Independence Stampede, and finally, in 2006, settling at todays name: simply the Greeley Stampede.
Our goal is to expose as many people and as many different cultures as possible to this Western heritage. Rodeo and agriculture are a huge part of our past, DeWitt says. Although he didnt grow up in rodeo culture himself, hes immersed himself in it over the last seven years, starting with helping the Stampede organize its music and entertainment packages. Now, the family-centered culture, high-energy people and supportive community that hes found through rodeo are the most influential and positive parts of his life. This gives him the confidence that others can come into the rodeo experience blind and be transformed in the same way.
In recent years, the Stampede has initiated a big push to broaden its scope of rodeo and attract families or individuals who may not have been interested in the archetypal macho-cowboy-riding-angry-bull trope. The music that the Stampede organizes is one of its big initiatives, and thanks to DeWitt, its become one of their most attractive elements.
My goal is to reach out to the young, the old, the foreign I dont care who you are, DeWitt says. He wants the diversity in the Front Range to be reflected at the Stampede, and he believes the concert series stands the best chance of broadening attendee demographics by appealing to a larger pool of people.
We have two days this year that we have devoted stages to nothing but Hispanic music, he says. In addition to this, theyll have headliners like the Barenaked Ladies, Toby Keith, Chase Rice and numerous other musicians to fill in the 50-plus music acts over the course of the festival. The organizers are hoping this draws in new spectators, getting them to the event, and then letting the rodeo bug take over, says DeWitt.
The Stampede is still ripe with old-timey cowboy culture and events, while other non-traditional events include the RV demo derby. We sell that out every year. Well have five to six RVs in an arena just crashing into one another, DeWitt says. Its a crowd favorite for sure.
By the end of the Stampede, both DeWitt and Herman hope that people who have taken the chance to visit understand that the rodeo wouldnt be what it is, even in its new-age-meets-old-age glory, without the legacy of the countys founders. Thats an integral part of the event. The Greeley area has such a unique Western history within its agriculture community, Herman says. The rodeo is a huge community event, and we have such a great community. Thats what this whole ordeal comes down to. Lets celebrate that.
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Navya Will Expand Arma Driverless Shuttle Tests In Oceania – InsideEVs
Posted: at 4:27 am
Its going to be a bit easier to hop a ride in one of Navyas driverless, automatic, all-electric Arma shuttle boxes. The company just announced that it will expand its Oceania and Southeast Asia footprint from its test program in Perth, Australia to, new environments throughout Australia, New Zealand and South East Asia.
Since it deploy the first Arma shuttle in late 2015, Navya says its autonomous boxes, have transported more than 130,000 people and have grown to a fleet of 35 in use in 10 countries around the world.
The most interesting part about this new expansion is that Navya is working with the Australias RAC (Royal Automobile Club) to do it. Thats because the first RAC was started in 1897 in the UK with according to its website, the primary purpose of promoting the motor car and its place in society. The Australian RAC was started in 1903 and has worked to improve the motoring experience in Australia, as well as trying to improve road safety and the lives of its members. Apparently, cruising around a campus it the next, excellent level for motoring enthusiasts.
NAVYA PARTNERS WITH RAC TO ACCELERATE THE DEPLOYMENT OF DRIVERLESS SHUTTLES IN AUSTRALIA, NEW ZEALAND AND SOUTH EAST ASIA
(LYON, France) May 23, 2017 NAVYA, the leading name in the conception and development of 100 percent autonomous, driverless and electric shuttles is pleased to announce it has signed a partnership agreement with RAC in Australia to coordinate the on-site commissioning of its NAVYA ARMA, as well as provide a range of technical support services in Australia, New Zealand and South East Asia.
For NAVYA CEO Christophe Sapet, this partnership will help ensure more people can experience automated vehicles and will support the fast-paced growth and global reach of NAVYAs vehicle fleet.
NAVYA is successfully delivering an ambitious program to deploy our smart mobility systems all over the world and securing local technical support for our vehicle fleet with RAC reinforces NAVYAs strong commitment to provide its customers with the best possible services in a timely fashion, he said.
RAC, with the support of the State Government, launched the NAVYA ARMA shuttle in South Perth in August 2016. This new partnership will enable NAVYA to test its innovative technology in new environments throughout Australia, New Zealand and South East Asia.
RAC Group CEO, Terry Agnew, said the RAC Intellibus trial in South Perth was one of the most progressive in the world. The RAC Intellibus trial is aimed at enhancing our experience and understanding of driverless technology, he said. Were continuing our own trials in WA, contributing to a number of national working groups and research initiatives and assisting with the development of policy to help ensure Australia is ready for the inevitable arrival of driverless vehicles. The more government, industry and the public learn about and engage with driverless vehicles, the more prepared we will be to transition them on to our roads.
ABOUT NAVYA
NAVYA, created in 2014, is a French company and leading name in the development of innovative, smart and sustainable mobility solutions. NAVYA develops driverless, automated electric vehicles that are dedicated to first and last mile and independent of all infrastructure. October 2016 saw NAVYA secure a 30 million euro raise in capital together with its original shareholder, investment fund Robolution Capital, Cap Decisif Management with the FRCI Fund (Fonds Rgional de Co-investissement de la Rgion Ile de France), holding company GRAVITATION, French groups VALEO and KEOLIS and GROUP8. NAVYA benefits from major advances in technology in the driverless, electric vehicle sector thanks to a highly-qualified R&D team. Christophe Sapet, its CEO, is supported by a team of 100 people divided up between Lyon and Paris. For more information visit http://navya.tech/.
About RAC
RAC (Royal Automobile Club) has been one of Western Australias most recognized and trusted membership organizations since 1905. Without shareholders, its profits are reinvested to benefit its 900,000 members and the wider community. In addition to advocating for safe, sustainable and more accessible mobility options, it also provides a number of services to members through Roadside Assistance, auto services, batteries, tires, insurance, security, travel, tourism and finance.
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Navya Will Expand Arma Driverless Shuttle Tests In Oceania - InsideEVs
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Oceania Healthcare Limited (NZSE:OCA) EBITDA Yield & Shareholder Return Update – Lenox Ledger
Posted: at 4:27 am
The EBITDA Yield is a great way to determine a companys profitability. This number is calculated by dividing a companys earnings before interest, taxes, depreciation and amortization by the companys enterprise value. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The EBITDA Yield for Oceania Healthcare Limited (NZSE:OCA) is 1.78%.
Another useful indicator to assist in detmining rank is the ERP5 Rank. This is an investment tool that analysts use to discover undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The ERP5 of Oceania Healthcare Limited (NZSE:OCA) is 12175. The lower the ERP5 rank, the more undervalued a company is thought to be.
Looking further, the MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital.
The MF Rank of Oceania Healthcare Limited (NZSE:OCA) is 10148. A company with a low rank is considered a good company to invest in. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, The Little Book that Beats the Market.
Piotroski F-Score
The Piotroski F-Score is a scoring system between 1-9 that determines a firms financial strength. The score helps determine if a companys stock is valuable or not. The Piotroski F-Score of Oceania Healthcare Limited (NZSE:OCA) is 5. A score of nine indicates a high value stock, while a score of one indicates a low value stock.
The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover.
The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of Oceania Healthcare Limited (NZSE:OCA) is 25. The more stable the company, the lower the score. If a company is less stable over the course of time, they will have a higher score.
Price Index
The Price Index is a ratio that indicates the return of a share price over a past period. The price index of Oceania Healthcare Limited (NZSE:OCA) for last month was 1.06329. This is calculated by taking the current share price and dividing by the share price one month ago. If the ratio is greater than 1, then that means there has been an increase in price over the month.
If the ratio is less than 1, then we can determine that there has been a decrease in price. Similarly, investors look up the share price over 12 month periods. The Price Index 12m for Oceania Healthcare Limited (NZSE:OCA) is 1.06329.
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Oceania Healthcare Limited (NZSE:OCA) EBITDA Yield & Shareholder Return Update - Lenox Ledger
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