Daily Archives: July 14, 2017

Oceania abalone companies to merge – Undercurrent News

Posted: July 14, 2017 at 5:34 am

New Zealand-based canned abalone supplier PauaCo and Australia-based live abalone supplier Ralph's Tasmania Seafood are set to merge Aug. 25, the companies said in a release on Thursday.

The deal will create what the companies call the largest abalone processor and exporter in Australasia.

PauaCosuppliesretail and catering markets in Southeast Asia while Ralph's specializes in live abalone exports to mainland China.The merger aimsto better utilize the wild abalone resource in both New Zealand and Australia. The consolidation will lead to greater distribution access for live Paua exports from New Zealand whileallowing the maximization of Australian abalone currently not able to be sold into the live markets, the companies said.

We are delighted to be able to announce this merger to the market, said David Hogg chairman ofPauaCo, which was formed in 2012. He added that the deal will more efficiently utilize the wild resource, resulting in better returns for all involved.

I am very happy to be joining forces with PauaCo, said Ralph Caccavo, co-founder of Ralphs. We have found a business that shares our goals for the future of the industry, and together we can offer the best routes to markets for our suppliers and the best products for our customers.

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Oceania abalone companies to merge - Undercurrent News

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The Most Influential Data Center Operators in North America, EMEA, Oceania & Asia Announced in Cloudscene’s Q2 … – Business Wire (press release)

Posted: at 5:34 am

BRISBANE, Australia--(BUSINESS WIRE)--Cloudscene, the world's largest directory of colocation data centers, cloud service providers and network fabrics, has revealed the top ten data center operators in North America, EMEA, Oceania and Asia for the second quarter of this year.

This quarter saw Equinix not only dominate all four leaderboards, but further extend its lead from the second ranked operator in every region.

Despite this, the strength of the top two market players was solidified this quarter as the overall scores for second in line - Digital Realty, Interxion, NextDC and SUNeVision - continued to grow.

Global Switch accompanied Equinix as the only other service provider to be ranked across more than two leaderboards, with third, fourth and fifth places in Oceania, Asia and EMEA respectively.

Selected from a pool of more than 5,300 service providers listed on Cloudscene, the results for Q2, 2017 provides industry insight into the operators with the most influence in the data center market:

North America

EMEA

1.

Equinix

1.

Equinix

2.

Digital Realty

2.

Interxion

3.

CoreSite

3.

Telehouse

4.

Zayo

4.

Digital Realty

5.

Cologix

5.

Global Switch

6.

Cyxtera

6.

Level 3 Communications

7.

Level 3 Communications

7.

itconic

8.

TierPoint

8.

Nikhef

9.

Netrality Properties

9.

Colt Technology Services

10.

365 Data Centers

10.

Orange Business Services

1.

Equinix

1.

Equinix

2.

NextDC

2.

SUNeVision

3.

Global Switch

3.

NTT Communications

4.

Vocus Communications

4.

Global Switch

5.

AAPT

5.

Netmagic

6.

PIPE Networks

6.

GPX Global Systems

7.

iseek

7.

AIMS Data Centre

8.

Datacom

8.

ST Telemedia

9.

Macquarie Telecom Group

9.

Cyxtera

10.

YourDC

10.

CenterServ

Serial tech entrepreneur and Cloudscenes founder, Bevan Slattery said: Weve taken independent industry data from the worlds largest database of colocation facilities and service providers, to provide a ranking of the data center operators with the most influence in their region.

Whilst we expect the movement to be minimal in the top half of the leaderboard each quarter, what will be interesting to follow is the change in the second half rankings where you can see competition is rife. The scores are extremely tight and you can really get a feel for how fierce the market must be between the medium-sized players.

Q2 changes also resulted in six new entrants, with Cyxtera, Netrality Properties, itconic, ST Telemedia, Macquarie Telecom and YourDC joining the leaderboard rankings.

Based on data center market density (number of facilities) and connectivity (PoPs), the leaderboard scores are obtained from Cloudscenes independent global database and relate to the April to June 2017 period.

The spread of connectivity for Q2, 2017 was centralized to North America and EMEA. Of the total 17,000+ PoPs managed by the ranked data center operators, 43.10% of the PoPs were in North America, 39.63% in EMEA, 9.15% in Oceania and 8.11% in Asia.

Further analysis, graphs and complete data for Cloudscenes Q2, 2017 Leaderboard is available at http://www.cloudscene.com/news

This quarter, Cloudscene has also released a Fast 50 list of global organizations making an impact on the data center sector. Based on growth, the Fast 50 companies are available at http://www.cloudscene.com/fast50

About Cloudscene: Cloudscene is the world's largest directory of colocation data centers, cloud service providers and network fabrics. Established by tech entrepreneur, Bevan Slattery, Cloudscene helps in the selection of colocation, IaaS, cloud and internet service providers http://www.cloudscene.com

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The Most Influential Data Center Operators in North America, EMEA, Oceania & Asia Announced in Cloudscene's Q2 ... - Business Wire (press release)

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Oceania Healthcare Limited (NZSE:OCA) Delivered A Better ROE Than The Industry, Here’s Why – Simply Wall St

Posted: at 5:34 am

With 99.2% ROE in the last year, Oceania Healthcare Limited (NZSE:OCA) appeared more efficient when we look at the industry average of 15.29% ROE. However, we must not ignore the role of leverage, which artificially inflates an ROE, making a poor performance look outstanding. See our latest analysis for OCA

ROE ratio basically calculates the net income as a percentage of total capital committed by shareholders, namely shareholders equity.Any ROE north of 20%, implying 20 cents return on every dollar invested, is favourable for any investor. But investors seek multiple assets to diversify risk and an industry-specific comparison makes more sense to achieve the goal of choosing the best among a given lot.

Return on Equity = Net Profit Shareholders Equity

For a company to create value for its shareholders, it must generate an ROE higher than the cost of equity. Unlike debt-holders, there is no predefined return for equity investors. However, an expected return to account for market risk can be arrived at using the Capital Asset Pricing Model. For OCA, it stands at 8.52% versus its ROE of 99.2%.

Oceania Healthcare (NZSE:OCA) Last Perf Jul 14th 17

When we break down ROE using a very popular method called Dupont Formula, it unfolds into three key ratios which are responsible for a companys profitability: net profit margin, asset turnover, and financial leverage. While higher margin and asset turnover indicate improved efficiency, investors should be cautious about the impact of increased leverage.

ROE = annual net profit shareholders equity

ROE = (annual net profit sales) (sales assets) (assets shareholders equity)

ROE = profit margin asset turnover financial leverage

Among the ratios affecting ROE, the profit margin is the most important as it highlights the operational efficiency of a company. To a potential investor, the ideal scenario would be profit increasing at a higher rate than the revenue.The asset turnover for a capital intensive industry such as bricks-and-mortar retail would be substantially lower than the e-commerce retail industry. A comparison with the industry can be drawn through ROA, which represents earnings as a percentage of assets. Oceania Healthcares ROA stood at 0.5% in the past year, compared to the industrys 6.25%.

Oceania Healthcare (NZSE:OCA) Historical Debt Jul 14th 17

The impact of leverage on ROE is reflected in a companys debt-equity profile. Rapidly rising debt compared to equity, while profit margin and asset turnover underperform, raises a red flag on the ROE. Its important as a company can inflate its ROE by consistently increasing debt despite weak operating performance. OCAs debt to equity ratio currently stands at 3.45. Investors should be cautious about any sharp change in this ratio, more so if its due to increasing debt.

While ROE can be calculated through a very simple calculation, investors should look at various ratios by breaking it down and how each of them affects the return to understand the strengths and weakness of a company. Its one of the few ratios which stitches together performance metrics from the income statement and the balance sheet. What are the analysts projection of Oceania Healthcares ROE in three years? I recommend you see our latest FREE analysis report to find out!

If you are not interested in OCA anymore, you can use our free platform to see my list of stocks with Return on Equity over 20%.

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Oceania Healthcare Limited (NZSE:OCA) Delivered A Better ROE Than The Industry, Here's Why - Simply Wall St

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Seychelles reports find of possible plane debris, tells Malaysia – Eyewitness News

Posted: at 5:33 am

Seychelles reports find of possible plane debris, tells Malaysia

The Seychelles Civil Aviation Authority (SCAA) said scientists researching birds and turtles had found the debris washed up on Farqhar.

Malaysians take part in a candle-light vigil to mark the one-month anniversary of the missing Malaysia Airlines MH370 flight. Picture: AFP.

VICTORIA Seychelles reported on Thursday the discovery of two pieces of debris that seemed to be from an aircraft and said it had notified Malaysia, whose Flight MH370 vanished in 2014 with 239 people aboard.

The Seychelles Civil Aviation Authority (SCAA) said scientists researching birds and turtles had found the debris washed up on Farqhar, one of the islands that make up the tropical Indian Ocean nation.

The direction of flow of the sea currents make it likely that the (debris) came from the general direction where other parts (of MH370) have been found in Indian Ocean countries, a senior SCAA official who asked not to be named told Reuters.

Michael Payet, a spokesman for the state agency that manages all Seychelles islands, said the largest of the two bits of debris was about 120 cm long and 30 cm (one foot) wide and appeared to be made of aluminium and carbon fibre.

It could be part of an engine cover, he said.

The SCAA was in contact with Malaysian authorities, who have shown an interest, and with whom we expect to work closely, the aviation authority said in a statement.

Few traces of the Boeing 777 airliner have turned up over more than three years of searching since it disappeared in March 2014 with 239 passengers and crew aboard soon after take-off from Kuala Lumpur, the Malaysian capital, bound for Beijing.

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Seychelles named top island destination in Africa & Middle East – eTurboNews

Posted: at 5:33 am

Seychelles has been named the top island destination in Africa and the Middle East in the Travel + Leisures 2017 Worlds Best Awards. Its the second year in a row that Seychelles is rated in the top spot in this category by Travel + Leisure.

Results of the 22nd travel + leisures worlds best awards were revealed on Tuesday 11th July. This is based on an annual survey, which allows readers of the New York-based travel magazine to rate their travel experiences around the globe. Readers get to share their opinions on top hotels, islands, cities, airlines, cruise lines, spas, among others.

The best islands by region are rated on a number of characteristics including their natural attractions, beaches, activities & sights, restaurants, food, people & friendliness and value. Their romantic appeal also feature as an optional criteria. For each characteristic, respondents are asked to give a rating based on a five-point scale of excellence.

Boasting lush tropical vegetation, powder-white beaches and clear turquoise waters, Seychelles a 115-island archipelago in the western Indian Ocean came out on top of the readers list when it comes to the Africa & Middle East region. Mauritius has been voted the second-best island destination and Madagascar is third.

Announcing Seychelles number 1 position, Travel + Leisure quoted one readers description of the islands as saying: It is like you are in the Garden of Eden.

Commenting on the award, the Seychelles Tourism Boards Regional Director for Africa & the Americas, David Germain said: Achieving the distinction of Top Island in Africa and the Middle East for the second year in a row is a tremendous honor for the Seychelles, recognizing that the region has much to offer in terms of world-class island experiences.

Mr. Germain noted that that the Seychelles Tourism Board continues to build a solid trade relations platform with the USA and Canadian outbound tour operators, travel agents and other trade partners in North America. He said that winning the award for a second consecutive year, is evidence that the STBs marketing strategy in North America is working.

The Award helps to garner recognition, and provides a significant amount of visibility for our islands in North America and the region. The STB will continue to share and present the culture and tourism attributes of Seychelles to both the trade and consumers in the various North American cities, with the aim of increasing tourists arrival to Seychelles from this part of the world, said Mr. Germain.

Visitor arrivals from the Americas to the Seychelles has increased by 69 percent from January to June.

Mr. Germain will be receiving the award for Seychelles, at a ceremony which will bring all winners together in New York City on July 26. The award ceremony will be hosted by the Editor in Chief of Travel + Leisure, Nathan Lump.

Commenting on the choices of the readers this year, Mr. Lump said: Whats clear to me this year is how much they are drawn to experiences that arent just enjoyable but provide something richer cultural immersion, mental and physical well-being, a true sense of adventure.

Its not easy to satisfy this group, but the destinations, hotels and companies that are doing it know that todays traveler cares about a lot more than creature comforts, he added.

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Greater destination awareness as Seychelles draws extensive exposure on South African TV – eTurboNews

Posted: at 5:33 am

Seychelles has been enjoying unprecedented exposure on South African TV in the last three months. Besides the much publicized 7th season of Tropika Islands of Treasure filmed in Seychelles and aired on SABC 3 for 12 consecutive weeks the island destination is being featured in several other shows.

Dan Nicoll, the host of a celebrity talk show aired on SuperSport 1, made his debut with a rod in the waters of Alphonse in early June, showcasing the unique fly fishing adventure offered on the island by experienced fisherman Keith Rose-Innes and his team.

The Dan Nicoll Show, which hosts a range of sports and lifestyle celebrities from South Africa and beyond showcased a feature entitled Fishing Paradise in Seychelles which portrayed Alphonse not only as a leisure-oriented island, but also one which offers a range of activities to its guests. Besides fly-fishing, Alphonse one of the outlying islands of the Seychelles archipelago boasting kilometers of pristine tropical shorelines, lagoons and sea flats also offers diving, snorkeling, pedal skis, pedal boats and windsurfing.

After a week of fishing in both deep waters and on the flats, Nicoll described his first fly fishing experience as one he would never forget, adding that it has certainly given me plenty of reasons to come back.

Another TV personality, Gerrie Pretorius also visited the Seychelles for his Afrikaans Show, Leef Jou Reis (Live Your Journey).

He was able to explore the underwater world of the Seychelles while scuba diving and snorkeling at Le Meridien Fishermans Cove.

Once again, Seychelles came across as one of the most desirable destinations, offering some of the best snorkeling sites in the Indian Ocean. The tropical climate all-year round and unspoiled nature is something which has been proven to appeal to any potential visitor.

Its not only the Seychelles natural beauty that has caught the attention of South African media, as the islands conservation efforts have also been recognized. The 50/50 environmental program me on SABC 2 has so far broadcasted two episodes on Seychelles.

The first episode earlier in June featured the country as a pioneer in the field of conservation and how it is implementing the nationwide ban on common plastic items. The ban officially went into effect on 1st of July, meaning people will have to use replace their plastic bags, plates, or Styrofoam takeaway boxes with more environmentally-friendly alternatives. Government agencies are being joined by several non-governmental organizations to spearhead the campaign to see a more sustainable Seychelles.

Episode 12 aired on the last Sunday of June showcased how conservationists in Seychelles are utilizing their green fingers to save ocean reefs. The presenter Bertus Louw joined staff of Nature Seychelles for some underwater coral gardening.

Nature Seychelles a local non-governmental organization has developed a successful coral gardening technique which is helping to restore coral reefs affected by bleaching events in the Seychelles waters.

Both episodes have commended Seychelles for its excellent efforts in conservation.

It is to be noted that the exposure on South African TV falls in line with the STBs drive to reach South African consumers on a much broader scale. All programs featuring Seychelles had the added benefit of being broadcast during prime-time slots in the evenings, which means they reached maximum viewers.

The Tropika series is already believed to have won Seychelles over 10 million Rand-worth of exposure on the South African market.

Commenting on the ongoing and extensive coverage of the islands on national TV in South Africa, the Director of the Seychelles Tourism Boards office in South Africa, Lena Hoareau said that Seychelles was enjoying great mileage from the ongoing exposure.

We have intensified our marketing activities this year for both trade and consumer, which means that while we are equipping the trade with more knowledge on the destination through training and workshops, which will help them turn over more sales to Seychelles, South African consumers are also gaining a better understanding and insight into the destination through the awareness created by the different TV programs, she said.

Mrs. Hoareau added that there has been a notable increase in inquiries about the Seychelles, which serves as proof that these programs are helping to boost the destinations profile on the market.

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Bahamas suffers 61-56 loss to Mexico in opener | The Tribune – Bahamas Tribune

Posted: at 5:30 am

The Bahamas in action against Mexico. Photo: 10thYearSeniors

By RENALDO DORSETT

Tribune Sports Reporter

rdorsett@tribunemedia.net

The Bahamas overcame an 11-point fourth quarter deficit but their rally fell short, ultimately undone by a turnover problem that plagued them all game yesterday in the FIBA Centrobasket.

Leashja Grant led the Bahamas with a game-high 29 points and seven rebounds but the team lost the tournament opener 61-56 to Mexico at the UVI Arena in St Thomas, in United States Virgin Islands. Phylicia Kelly and Shalonda Neely each finished with six points while Valarie Nesbitt added six. Daniela Prado led Mexico with 14 points, Maria Orozco, Jacqueline Luna and Alexis Castro each finished with 10 and Brisa Silva scored eight.

The Bahamas entered the fourth trailing by seven, but Mexico would open with consecutive field goals to take a 52-41 lead. Pardos wing three maintained the 12-point lead 55-43 before the Bahamas went on a run. Grant sparked the run with a pair of free throws followed by layups from Neely and Kelly.

Grant would convert a three-point play on the next possession to cap a 9-0 run and trim the deficit 55-52 with 2:30 left to play. After the teams traded scores, the Bahamas had an opportunity to pull within one, or tie with a three, but turned the ball over with just over one minute left to play.

Mexico would seal the game at the free throw line and on the offensive boards down the stretch.

Outside of Grants scoring, the Bahamas struggled to find points and shot just 34 per cent from the field without making a single field goal from three-point range.

Nesbitt got the scoring started for the Bahamas with a floater, but Mexico scored nine unanswered, including one play where they stole an inbounds pass and finished with a three-pointer. Mexico went ahead by double digits on a Prado layup for a 14-3 lead with just under five minutes left to play in the quarter. They took a 23-10 lead after the first.

They were definitely nervous, had jitters and, because of it, we dug ourselves in a deep hole, said head coach Yolett McPhee-McCuin. We still have to find ways to rely on our defence. We lost our identity and tried to be an offensive team, but we just dont have those types of players right now so we have to play better defence and grow up. We have not been together long so as I figure them out and figure out how to get the best out of them, Ill do so but the attitude and effort, they have to bring it.

After trailing by as much as 17, the Bahamas trimmed the deficit to just 10 headed into the half. Mexico struggled through a drought which lasted nearly five minutes, and Neelys hook shot trimmed the deficit to six (30-24).

Castro finally broke the drought with a jumper at the top of the key to give Mexico a 32-24 lead at the half. Fourteen of Mexicos made baskets in the first half came off 12 assists. They finished with 21.

Like the first half, Nesbitt opened the second with a driving layup to again cut the lead to six. On one possession the Bahamas had six second-chance opportunities from steals and offensive rebounds and Grant was finally able to corral a loose ball and finish with a layup to bring the team within five (41-36).

Coach Yo picked us up at halftime. All of our heads were down, which they shouldnt have been. She was able to pick us up and give us a boost, Grant said, Yes we fell short, but we cant take that into the next game. Jamaica will be a brand new day, brand new team, we just have to execute and play Bahamas basketball.

Round robin group play continues today as the Bahamas faces Jamaica at 3 pm local time.

The tournament features the national teams from the Bahamas, Guatemala, Jamaica, Mexico, Puerto Rico and the Virgin Islands, and will be broadcasted live on FIBAs official YouTube channel.

After the 5-day tournament, the top three teams will qualify to the FIBA Womens AmeriCup 2017, to be played in Buenos Aires, Argentina, from August 6-13.

The last edition of the Womens Centrobasket Championship was played in Monterrey, Mexico, where Cuba captured the title with a perfect 5-0 record.

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Bahamas plays host to IT conference – Magnetic Media (press release)

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Bahamas, July 13th 2017: The erasure of physical banks from some islands in The Bahamas was just one of the many points raised at the 17th International Telecommunication Union (ITU) Global Symposium for Regulators (GSR-17). Bahamasplayed host to the conference when it officially opened at Atlantis, Paradise Island, on Wednesday to the theme, Living in a World of Digital Opportunities.

ITU is the United Nations specialized agency for information and communication technologies, expanding the benefits of modern communication technologies to communities in an efficient, safe, affordable manner, and further enabling the inter-connectivity that defines modern life.

The matter of physical banks was raised as an IT best practice that could have an impact on the development of The Bahamas, when ITU Secretary-General Houlin Zhao, and, Chairman of URCA, the Commonwealth of The Bahamas Randol Dorsett, collectively raised the matter as a vital point, referring to the closure of bank branches on the Family Islands. The men also remarked on the importance of cyber safety in light of the positioning of The Bahamas for inter-Caribbean reach, and the overall social and financial fabric of the country.

The conference aims at increasing cyber-connectivity world-wide done safely and efficiently while enhancing economic and social development, as well as to properly navigate and manage artificial intelligence.

Brahima Sanou, ITU Telecommunication Development Bureau Director declared Bahamas as the centre of the world for three days, as discussions centred around the critical importance of telecommunications capability in todays world. The Bahamas was hailed to be one of the main countries other than the United States responsible for boosting ITU.

#MagneticMediaNews

#ClosureOfBanksConcernForIT

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Bahamas Ministry of Finance responds to Moody’s review – Magnetic Media (press release)

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Bahamas, July 13th 2017: Not unexpected, but ready to address the fiscal situation, the attitude in which the Ministry of Finance is treating Moodys review of the economy. In a statement, the ministry says it is moving expeditiously to address the fiscal situation. The ministry outlined plans that include fiscal responsibility legislation, procurement regulations, and public expenditure review as some policies it intends to roll out.

Describing the review as an unfortunate development, the ministry says Governments efforts to strengthen revenue administration are receiving renewed focus, especially in the areas of real property taxes, customs, VAT and Business License administration and enforcement. However, it adds this is dependent on Governments plan to introduce a Revenue Administration Bill, as a way of dealing with tax delinquencies.

Other solutions to tackling the downgrade include moving quickly to improve the ease of doing business in The Bahamas, addressing structural impediments to growth and attracting foreign direct investment.

Moodys review was prompted after governments budget statement, and a further increase in debt through planned borrowing. The credit rating agency has called for more policies to be put in place if The Bahamas is to prevent the further downgrade.

#MagneticMediaNews

#MinistryofFinanceRespondsToMoodys

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Bahamas National Children’s Choir performs for Toronto police … – insideTORONTO.com

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insideTORONTO.com
Bahamas National Children's Choir performs for Toronto police ...
insideTORONTO.com
The Bahamas National Children's Choir put on a performance at Toronto police headquarters Thursday morning. The choir, consisting of 33 children ages seven ...
Bahamas children's choir brings sunshine, culture to Toronto ...Toronto Star

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Bahamas National Children's Choir performs for Toronto police ... - insideTORONTO.com

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