Is the rally almost over for this FTSE 100 stock?

first_img See all posts by Paul Summers Is the rally almost over for this FTSE 100 stock? Enter Your Email Address If there’s one FTSE 100 share that’s done rather well out of the multiple UK lockdowns, it’s B&Q owner Kingfisher (LSE: KGF). With nowhere to go and few people to see, it was understandable that many of us would find relief in hastily-brought-forward DIY projects and opportunistic gardening. However, with restrictions scheduled to lift completely by July, is it time for investors to take profits and run? Here’s my take.“A stronger business”No doubt about it, today’s results from the top-tier member were something for existing shareholders to celebrate.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Sales rose 7.2% on a reported basis to £12.3bn over the 12 months to the end of January. As a sign of just how important it was for firms to have a quality e-commerce offering these days, almost a fifth of these were online transactions  (including Click & Collect). Adjusted pre-tax profit rose 44% to £786m. Naturally, this was great news for Kingfisher’s finances. Free cash flow jumped almost 400% to £938m, helping the company to reduce its burden and resume paying dividends. A total payout of 8.25p per share for the last financial year has now been proposed. Commenting on today’s numbers, CEO Thierry Garnier said that Kingfisher was emerging from the pandemic as “a stronger business, with an improved competitive position in all key markets, strong new customer growth and a step change in digital adoption”. As one might expect, the market has lapped this up. Taking into account today’s 6% rise, Kingfisher’s share price is now roughly 160% higher than where it was back in March 2020. That’s a spectacular result for anyone who had the courage to buy when the pandemic first hit. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. The question is whether this form can continue. Time to sell this FTSE 100 share?I think there are arguments for and against staying invested in Kingfisher. On the one hand, the FTSE 100 stock’s outlook on earnings is encouraging. Today, the £7bn cap stated that it had made a “good start” to its new financial year with demand in the UK and France remaining strong. With the popularity of working from home likely to continue after the pandemic has passed, Kingfisher’s purple patch may just continue. On top of this, I’d also argue that a frothy housing market is likely to have priced some people out of their dream homes. This could make the option of renovating their existing abode more attractive. Notwithstanding the above, we need to consider that many people simply can’t wait to get outdoors and spend their money on other things. In such a scenario, it’s travel and leisure-related stocks that will benefit, less so those relating to home improvement. Confirmation that Kingfisher had such a storming 2020 also means that the firm faces tough year-on-year comparables going forward. Throw in some obligatory economic uncertainty as the full impact of the pandemic becomes clear and further significant share price gains look unlikely, in my view.All told, I’m inclined to think the ‘easy money’ may have already been made with Kingfisher. A P/E of just 13 times forecast earnings suggests that the FTSE 100 member is far from a screaming ‘sell’, but I do think expectations need to be tempered with realism. As such, I’d feel more comfortable investing my money elsewhere in the top tier. Our 6 ‘Best Buys Now’ Shares Paul Summers | Monday, 22nd March, 2021 | More on: KGF Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Justin Welby officially becomes archbishop of Canterbury

first_img Rector Pittsburgh, PA Rector (FT or PT) Indian River, MI AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector and Chaplain Eugene, OR Mervyn E. Singh says: Priest Associate or Director of Adult Ministries Greenville, SC Comments (2) Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Featured Jobs & Calls Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Submit a Press Release Submit an Event Listing Director of Music Morristown, NJ Comments are closed. Tonye Willie-Pepple says: Rector Belleville, IL This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Shreveport, LA Curate (Associate & Priest-in-Charge) Traverse City, MI Cathedral Dean Boise, ID [Anglican Communion News Service] The former bishop of Durham, the Rt. Rev. Justin Welby, has officially become the archbishop of Canterbury at a ceremony, known as the “Confirmation of Election,” which took place in the context of an act of worship on Feb. 4 at St. Paul’s Cathedral.The ceremony forms part of the legal process by which the appointment of the new archbishop of Canterbury is put into effect. It was presided over by Archbishop of York John Sentamu with the assistance of the bishops of London, Winchester, Salisbury, Worcester, Rochester, Lincoln, Leicester and Norwich. All were commissioned for this purpose by Her Majesty The Queen – who is the supreme governor of the Church of England.Welby’s name was put forward to The Queen some months ago by the church’s “Crown Nominations Commission” in accordance with constitutional arrangements that have been in place for many years. The appointment is formalized by legal steps taken in accordance with the Appointment of Bishops Act 1533. First, his election was undertaken in January by the dean and canons of Canterbury Cathedral. Next, their election of him has to be confirmed by the wider church, which is what happened today.The appointment is significant not only for the Diocese of Canterbury (where Welby will be the diocesan bishop, though much of the day-to-day oversight of the diocese is carried out on his behalf by the bishop of Dover), but also for the wider Province of Canterbury – the 29 dioceses in the South of England, and the Diocese of Europe, which all fall under his general oversight.In addition, it is to the bishop of the See of Canterbury, with which Anglicans have historically been in communion, that Anglicans worldwide give a primacy of honor and respect among the college of bishops in the Anglican Communion – as ‘first among equals’ (primus inter pares). In that role, as a focus and means of unity within the communion, the archbishop convenes and works with the Lambeth Conference and Primates’ Meeting, and presides in the Anglican Consultative Council, the communion’s main policy-making body.Since at least the fourth century it has been a fundamental principle in the Christian Church that the election of a new bishop must be confirmed by the wider church, especially by the bishops of the region. The legal significance of the act of confirmation cannot be overstated: it confers upon the new archbishop “the care, government and administration of the spirituals’ of the archbishopric. It is the confirmation of his election which makes the archbishop-elect into the bishop of the Diocese of Canterbury and archbishop of the province.The wording used in the course of the confirmation ceremony has a long history. Before the 18th century it was in Latin, but in about 1733 an English translation was introduced. At the service today, a somewhat modernized version was used. It involved recital of the Mandate from the Queen, authorizing the appointment; introduction of the new archbishop; certification of the steps taken in his election by the dean and canons of Canterbury; his Declaration of Assent to the historic doctrines and worship of the Church of England; a ‘charge’ by the archbishop of York, based on the needs of the diocese and province perceived by those involved in his appointment; and finally a ‘sentence’ conferring on him spiritual jurisdiction over the diocese and province.Enthronement on March 21After this step has been taken, there remain other formal stages before he begins his public ministry in Church and State, in particular his act of ‘Homage’ to The Queen. The public inauguration of his ministry – ‘the Enthronement’ – will take place at Canterbury Cathedral on March 21, and will be broadcast live on the BBC.Meanwhile, the new archbishop will be familiarizing himself with the tasks he will be called upon to perform over the coming years, meeting those he will be working with most closely, and preparing himself generally for all that lies ahead. He invites your prayers, for himself, his family, the church and the nation, during this period of preparation – and beyond. By ACNS staffPosted Feb 4, 2013 An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Featured Events TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Martinsville, VA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Bishop Diocesan Springfield, IL Tags Assistant/Associate Rector Morristown, NJ Assistant/Associate Priest Scottsdale, AZ Curate Diocese of Nebraska Associate Priest for Pastoral Care New York, NY Missioner for Disaster Resilience Sacramento, CA Rector Hopkinsville, KY Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 February 5, 2013 at 8:38 am We want to assure Archbishop Justin Welby of our prayers for him, his family and for his ministry the Worldwide Anglican Church. God has already richly blessed you. From the Parish of Woodlands, Montclair with Yellowwood Park, St. Etheldreda and St. Stephens, Durban, South Africa. Archbishop of Canterbury Canon for Family Ministry Jackson, MS Justin Welby officially becomes archbishop of Canterbury Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Anglican Communion, Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Albany, NY February 5, 2013 at 3:48 am I am happy for Archbishop Welby, as the Most.Rev Sentamu has rightly said, we live in an age of selfishness, where everything is right and wrong only if it concerns us, and he is going to be a Bishop to the Anglican Communion in such h a time as this, so it calls for serious work,prayers,bible study and listening for the voice of God as he begins his Arch-episcopacy, my prayer is for God to bless his ministry and make it a ministry of love, healing and one that will propagate the true and undiluted word of God.congrats Justin Cantuar and Mrs. Welby. Director of Administration & Finance Atlanta, GA Rector/Priest in Charge (PT) Lisbon, ME Rector Collierville, TN Youth Minister Lorton, VA Rector Washington, DC Assistant/Associate Rector Washington, DC The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Course Director Jerusalem, Israel Family Ministry Coordinator Baton Rouge, LA New Berrigan Book With Episcopal Roots Cascade Books Submit a Job Listing Associate Rector Columbus, GA Rector Tampa, FL Rector Knoxville, TN Priest-in-Charge Lebanon, OH Rector Bath, NC Rector Smithfield, NC An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Press Release Service Associate Rector for Family Ministries Anchorage, AK last_img read more

Ferguson: ‘The ‘come to Jesus’ moment for us in the…

first_img October 20, 2014 at 5:25 pm I admire what many are doing in all the responses to Michael Brown’s tragic death some two months ago. I have not been involved, except that early on, I went and stood at the place on the street in Ferguson where he was shot and chatted with some of the nice folks gathered close by, then went on north to St. Stephen’s, Ferguson, where I have supplied several times over the years. (My last church where I was for 24 years prior to retirement was just about 10 minutes away in the City of Northwoods, also in St. Louis County. There we had a good mix of about half and half white and black members–though it was all white when I first got there in 1972. We knew and loved one another and leadership was shared by all. During much of my time there I took part in many marches in north St. Louis (city) with a group called Families Advocating Safe Streets, of which I was a board member. There were several mothers (African-American, as were virtually all in the group) among this group whose sons were murdered. There was a lot of crime and killing going on in that part of the city then, one year 269 murders in the City and County of St. Louis. We were protesting this and urging non-violence, in the 70’s and 80’s. Each New Year’s Eve we’d sponsor a memorial service in an area church there when, in just candlelight, all the names of those murdered in the city and county were slowly read aloud. These were very moving worship experiences. They are still being held. The Mayor of St. Louis and Police Chief of St. Louis County usually were among many speakers. In all, I think there was a good relationship between civil authorities and this group, lead by Jeanette Culpepper, a member of a Protestant Church of which her father was the Minister, in north St. Louis (city). I recall in one march on those (inner) city streets, I carried for a distance the 4-year old son of Jennifer Joyce, City Circuit Attorney. I believe she still holds that position.Of course the death of Michael Brown is tragic, and I feel for his parents and close friends. But we do not yet have all the facts about what really went on between him and the Ferguson police officer who shot him and– according to some authoritative reports–struggled with him in his police cruiser over the officer’s pistol, with it perhaps being a close life-or-death call for each of them at that point. I believe that we should await the full disclosure from the grand jury and maybe trial of the officer (Daren Wilson) before we jump to conclusions about this most sad episode. It was inexcusable that Brown’s body lay in the street for over four hours after his killing, and there is much injustice in the system in which often blacks are targeted in stops by police in the entire greater metropolitan area (and around the country). We all share the guilt for the systemic injustice and even police brutality in some cases. But I take issue with some of my friends’ and colleagues’ statements and actions in this whole affair.In the other case of a police shooting, in south St. Louis, it has become evident that the young man had a gun, was on parole for a gun incident weeks earlier, and actually fired at the officer I think two or three time before being shot and killed. However, even here we need to await the final report of all the facts given to the public before we make statements or take actions, especially those which condemn either side in the tragedy.God help us! Family Ministry Coordinator Baton Rouge, LA Curate (Associate & Priest-in-Charge) Traverse City, MI Canon for Family Ministry Jackson, MS Associate Rector Columbus, GA Tags Rector Albany, NY Advocacy Peace & Justice, Comments (8) The Rev. Dr. Charles H. Morris says: Assistant/Associate Rector Washington, DC Cathedral Dean Boise, ID The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Brad Howard says: Associate Rector for Family Ministries Anchorage, AK November 3, 2014 at 11:04 pm It’s not that the church is being used by a political movement. The church IS a political movement. That’s why it is collapsing from inside. Instead of focusing on teaching the word of God, it promotes social issues. Submit a Job Listing October 23, 2014 at 3:21 pm I am very encouraged to see that the LAY folk get it. There are some very well written and well thought responses to this article. Basically the LAY folks are saying, let’s not let the church politicise this issue which the Episcopalian Church has done in this case. The church leadership needs to LISTEN to their LAY constituents on issues like this and the other 500 lb elephant, gay marriage. A vast majority of the LAY constituents don’t agree in lockstep with our leadership. Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Danielle Dowd, youth missioner for the Episcopal Diocese of Missouri, has been spending several days a week on the streets of Ferguson and St. Louis.[Episcopal News Service] Danielle Dowd was back in front of the Ferguson police department Oct. 15, just two days after being arrested there while protesting the fatal police shooting of unarmed teenager Michael Brown and other African-American youths.Since Brown’s Aug. 9 death, “I’ve come a couple of days every week, except for when my 7-year-old daughter had her tonsils out and I needed to do the mom thing. I’ve been able to form some good relationships with young people, whose voices need to be heard,” Dowd, 26, youth missioner for the Episcopal Diocese of Missouri, told the Episcopal News Service (ENS).Similarly, the Rev. Jon Stratton, director of Episcopal Service Corps in the diocese, spent Oct. 13 – his 30th birthday – marching, singing, chanting “Whose streets? Our streets. Whose streets? God’s streets,” and ultimately, being arrested.They and other Episcopalians were among dozens jailed during a “Moral Monday” action at the Ferguson police department. It was part of a weekend series of acts of civil disobedience across the St. Louis region coordinated by “Hands Up, Don’t Shoot” and the Organization for Black Struggle.The emerging movement, its youthful leadership and developing relationships have been compared to 1960s civil rights activism by some and called a human rights movement by others. It has also brought into the open long-festering tensions between the African-American community and the police department, and spawned calls for sweeping educational, economic and institutional change.The moment presents interesting opportunities for the church, says the Very Rev. Mike Kinman, dean of Christ Church Cathedral in St. Louis. “This is the ‘come to Jesus’ moment for us in the church.”Chuck Wynder, missioner for social justice and advocacy for the Domestic and Foreign Missionary Society, agreed. “We recognize that the church increasingly has a role to play in being a prophetic voice in a safe place for the work of racial justice and reconciliation. We continue to be a resource for the Diocese of Missouri and to bridge the events and the developments in Ferguson with the issues, the dynamics and the conversation around the country.”Among other things, “we are in the process of building a resource page, through [the wider church’s] Episcopal Public Policy Network, of voices, resources and practices about the death of Michael Brown, the situation in Ferguson and how that relates to the work of social justice and racial reconciliation through the church around the country,” Wynder said.The church continues to position itself to be an instrumental resource as Ferguson – and the rest of the nation – anxiously awaits the grand jury decision and if charges will stem from the Michael Brown shooting, said Wynder, who added: “We are ramping up for what we know is coming.”The Episcopal Church has been focusing resources on the Ferguson area since shortly after Brown’s death. In September it awarded $30,000 and Episcopal Relief & Development contributed another $10,000 for a grant to three area churches for domestic poverty, pastoral and community work in Ferguson.St. Stephen’s (Ferguson), Ascension (Northwoods), and All Saints’ (St. Louis City) have been significantly impacted by the upheaval in the aftermath of the fatal shooting of Brown and the community’s response to it. The churches have been at the forefront of mobilizing resources for the community, ministering to the needs of protestors and police alike and simply “being the church” for all.The march: Repentance, confession, absolution, arrestStratton was among an estimated several thousand people who joined the Oct. 13 largely youth-led march, braving so much rain that, at one point, “We were singing ‘Wade in the Water,’” he told ENS on Oct. 15.“The theme was of repentance and confession and absolution and turning from systems that perpetuate racism and injustice,” including church systems, he said. Clergy confessed their complicity in such systems and called upon police officers, standing in a line outside the Ferguson police station, to do likewise.“We want to be very clear that the clergy, speaking for myself and those by me, were not talking about individual sin, this is systematic sin,” he added. “We were telling the police officers they were very valued and beloved children of God, but they’re part of a system that not only stereotypes and dehumanizes folks on the other side, but also that leads to the dehumanization of the police force.“Every time they come out in riot gear, it is a tangible sign of dehumanization. They cease to be seen as people and more as machines or as weapons of violence.”The occasion marked the second time in her life that the Rev. Anne Kelsey, 67, retired rector of Trinity Church in St. Louis’s Central West End, was arrested. She recalled demonstrating at the Pentagon with the Episcopal Peace Fellowship and Witness for Peace 42 years ago “and this was not like that,” she told ENS. Then, “we were in the concourse of the Pentagon having a Mass for peace.”From left, the Rev. Anne Kelsey, the Rev. Jeff Moore, and the Rev. Jonathon Stratton, director of the Deaconess Anne House in St. Louis, were arrested together on Oct. 13.For Kelsey, the weekend, especially a Saturday evening rally, felt historic, like “we were seeing the rebirth of the civil rights movement.”So she attended the “Moral Monday” action in a cassock and surplice and stole “and we got there and it rained and rained, and halfway through, there was a tornado warning.”Kelsey joined the protests after the Oct. 8 fatal police shooting of another young African-American man, Vonderrit Myers, near her Shaw neighborhood home.“I heard the shots and my husband and I walked the three blocks to see what was going on. It was just terrible, the rage and grief and crowds,” she recalled. The circumstances surrounding the fatal shooting of Myers – who allegedly had a weapon and fired at police – differ from accounts of the death of Michael Brown, who was unarmed. But, “it was really traumatizing after the Michael Brown thing.”After police removed the body and crime scene tape, “we stood right on the spot where he died and prayed,” Kelsey said slowly, haltingly, painfully. “I just got involved in ways that I hadn’t planned on. This was my neighborhood,” she said. “There is a divide in this neighborhood. I stood there while this woman yelled at me for a long time. She said she had worked for Amnesty International and was berating the white clergy for not doing enough. It’s not a comfortable situation.”While demonstrating Oct. 13, Kelsey and others stood in front of the police line at the Ferguson Police Department and asked officers “to repent of the institutional sins of the police department. I told the man I was facing that, whether or not I like it, when I wear my collar, I’m the face of the church for people and I have to be the first one to ask forgiveness for the sins of the church whether I’ve committed them or not in the same way. Police officers wear the face of the justice system. I don’t think it’s unreasonable to ask them to reflect on that.”When she knelt in front of him she “fell through the line” and was arrested and immediately handcuffed and placed in a police vehicle. She was jailed for several hours and then released.An emerging movement: ‘The young people are mentoring us’Dowd and Stratton have both spent several days a week on the streets of Ferguson and St. Louis “getting to know the young folks who’ve been out there every day for 67 days. Part of what I want to do is to support them and follow them,” Stratton said.“They’re the ones most affected by the police brutality, who were friends of Michael Brown and live in Ferguson. They are the folks the church needs to be listening to and in many ways, taking our cue from.”Like Joshua Williams, 18, and Jermell Hasson, 27, who on Oct. 15 were outside the Ferguson police department along with Dowd.“I’ve been out here every day because Michael Brown was my first cousin,” said Williams. “What brought me out here was, I saw him on the ground. I saw his blood on the ground. I put myself in his position. That could have been me on the ground, could have been anybody else’s child on the ground, So, I’m fighting for the rights of children.“That made me come out here, for everybody in the world and their kids.”Hasson agreed that the issue means fuller, deeper justice for Michael Brown, “but that is just one aspect of what’s at stake. ““This has a lot to do with human rights,” he added. “This isn’t a civil rights movement, it’s a human rights movement. I should be able to get the same treatment as anyone else who steps into a police station across the United States and I will be here till forever.”But for now, “I’m focusing on Michael Brown. I want a killer to go jail,” added Hasson, who was arrested at the protest and said he had just been released from jail Oct. 15 following a previous protest arrest. “If I had to find a word for Ferguson,” he said, “it’s ‘fragile.’ It can go either way. It’s just very, very hard.”Unaffiliated with a church, Hasson said maintaining a presence outside the police department has given him hope because of “the diversity I see out here. It shows me that it’s not just African-American women and men that stand for me. I see a lot of white women and brothers, and Asians. I like the diversity, that everyone can relate to what we go through in this society. I’ve learned about other cultures out here in side conversations. This is a learning experience.”‘This is what theology looks like’Kinman says that “one of the most insidious pieces of living in a segregated society is that we don’t have relationships where we know each other ” and so are tempted not to see each other in images of God and are tempted into fear and, particularly when we’re tired and in trauma, we’re tempted to act out of those places,” which affords the church really interesting roles that may seem contradictory.One role is to be “where the Gospel is emerging, from these young leaders on the street. We need to be present with these young leaders on the street, amazing nonviolent young leaders,” Kinman said.Another is to build relationships with police officers, also victims of an institutional system, Dowd said Oct.15. “I am not out here to demonize police officers or law enforcement. I want us all to work together to find something better,” she said.“The system doesn’t benefit police officers, either. It strips them of their humanity and it doesn’t benefit young African-Americans. Many times, it strips them of their lives.”Dowd said she is learning more about privilege and “the misconceptions I’ve had or ways I’ve benefitted from being white in this country. I’m learning to do a lot of listening and realizing I don’t have to always be the one in charge. It’s important to listen and learn from and follow the lead of young black people on the ground here, day in and day out, living it all the time.“For me, this is a choice; for them, it’s not,” she added. “I can step into this and step away any time I want. But this is their everyday life. This is something that these young people feel is a matter of life and death for them. I am proud and honored and humbled to be able to stand in solidarity to show them I mean it when I say I’m with them all the way.”Kinman said that on Oct. 13 demonstrators revised a traditional protest call-and-response chant from “show me what democracy looks like, this is what democracy looks like’ to “show me what theology looks like, this is what theology looks like” and added that many protestors have called upon the church to get more fully involved.But he added: “this isn’t your grandmother’s civil rights movement. These young people met on Twitter and are using technology for social change. And, they’re not Episcopalian. One of the major teachable moments for us is, these are people who have not been in our churches. Some go to church but in general the voices coming out are voices that feel like the church has left them behind. They want to know where we’ve been.”— The Rev. Pat McCaughan is a correspondent for the Episcopal News Service. Charles Jett says: Catherine Cummings says: Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 New Berrigan Book With Episcopal Roots Cascade Books Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Associate Priest for Pastoral Care New York, NY October 20, 2014 at 9:47 pm Thank you Dr. Morris for a sane and reasonable response to a tragic situation. Statement like “murder”, “execution” and “justice for the killer” only incite others to join the chorus without knowing the facts. I challenge any of those protesting to fill the shoes of the policeman for a week as he/she patrol alone in a an area where crime might have occurred and face a belligerent or uncooperative person and see how they might react. Why can’t people wait for the dust to settle on all the facts be learned. We have waited a year or more for the federal government to “investigate” various incidents and still have no results. I do not see the same outrage from those protesting in Ferguson. The Church needs to be present, but as a calming and positive influence, not as a political advocate for just one side. Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Hopkinsville, KY An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET October 20, 2014 at 7:02 pm I am very concerned that the church is being used by a political movement being played out in the media. I believe instead we should be more soberly reflective and less emotionally reactive. We don’t know what the facts of this particular case are. And I am unable to discern what, precisely, local clergy are advocating when they participate in public protests baiting the police. It is indeed a “come to Jesus moment for us in the church.” Frankly, this is embarrassing. October 22, 2014 at 9:29 pm I agree that we need to wait for the full report of what actually happened. There are too many rumors and unsubstantiated stories out there. There has been a woeful lack of leadership. I think St. Louis badly needs Uni-Gov that is amalgamation. We don’t need 91 tiny police departments and fire departments, we need one well staffed, fully trained, fully budgeted fire and police and fire department. Indianapolis IN and Louisville KY have done this as have other city/counties in the USA with great success. Isn’t there some other way of dealing with problems other than shooting people? I didn’t even know it was illegal to walk in the street (foolish perhaps as you might be hit by a car) but illegal?? and calls for shooting the person?? May be angry words and name-calling took place? We just don’t know. I recall a few years back that a “sting” operation was set-up at the Jack-in-a-Box at Handley Road and I-70. A car driven by an African American with an African American passenger pull into the parking lot. And the police fired 21 bullets into the car killing both men (there were no warrants out for them). The police claimed at first that the men tried to run them down. But checking the film in the Jack-in-a-Box security cameras showed that no such thing had happened!! The police were not charged with anything because it was felt just by being there they were in fear of their lives. Prosecutor McCullough did not help matters by commenting “O, They were just a couple of bums!”. Later questions were raised as to why that spot was chosen for a “sting” as many commenters went to the Jack-in-a-Box to get a coffee or something on their way to work. Obviously the whole operation was badly thought-out and planned. The incident in the Shaw neighborhood involved a young man who had previously been arrested after a police car chase and charged with firing a gun which was subsequently found to have been stolen. Persons charged with such crimes are supposed to be jailed and held on a $30,000 cash-only bond. For some unknown reason this bond was waived in this case. Again a poorly thought-out situation. Earlier a young man who may have been mentally deranged was shot dead in the street, the several police officers made no attempt to Mace or taser him first. Film footage showed the man with his hands at his side and he was not in a threatening pose as the police claimed. We need a better trained police force, more responsive and just law enforcement and better ways of dealing with the homeless and mentally ill. Submit an Event Listing Director of Music Morristown, NJ Rector Collierville, TN Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Submit a Press Release Rector Belleville, IL Press Release Service Assistant/Associate Priest Scottsdale, AZ This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Smithfield, NC Featured Events October 21, 2014 at 3:18 pm They don’t want justice. They want social justice, meaning convict a racist cop (who happens to be innocent). Race apparently trumps truth.See “Ann Coulter Takes on the Racial Grievance Industry” at http://t.co/YgG2rpgZIc. Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Knoxville, TN The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector and Chaplain Eugene, OR October 21, 2014 at 9:25 am Protests like these have typically been organized by “rent a mob” groups who want to agitate; to promote anarchy. New facts are emerging that certainly challenge the mantra of Michael Brown’s innocence. The police baiting, impetuous assumptions, and shouting protesters have become tiresome. Like most social justice causes these days there is the false premise that the aggrieved are the arbiters of the truth and that we as a Church must respond if not agree. The Baptismal Covenant has been misused for this (and other social issues) in that it is assumed that if someone feels wronged that we must agree with them to respect their dignity. Brad is right. Why are clergy vesting to howl with crowds when so much is either hyped and yet to be proven? Rector/Priest in Charge (PT) Lisbon, ME Youth Minister Lorton, VA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Course Director Jerusalem, Israel Rector Shreveport, LA Priest-in-Charge Lebanon, OH Racial Justice & Reconciliation Ferguson, Director of Administration & Finance Atlanta, GA Rector Tampa, FL Bella Oxmyx says: Missioner for Disaster Resilience Sacramento, CA Featured Jobs & Calls Ferguson: ‘The ‘come to Jesus’ moment for us in the church’ Episcopal clergy, others arrested as protests continue An Evening with Aliya Cycon Playing the Oud: Crossing continents and cultures with the most beautiful instrument you’ve never heard Lancaster, PA (and streaming online) July 3 Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Bishop Diocesan Springfield, IL Priest Associate or Director of Adult Ministries Greenville, SC Rector Pittsburgh, PA Doug Desper says: Peter Castle says: Curate Diocese of Nebraska Rector (FT or PT) Indian River, MI Comments are closed. Rector Martinsville, VA By Pat McCaughanPosted Oct 20, 2014 Rector Washington, DC Rector Bath, NC Assistant/Associate Rector Morristown, NJ Greg Hammel says: last_img read more

HelpAge magazine edition focuses on fundraising

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Sarah Barzel, Director of Community Relations and Training at Possibility International Lutz Hethey, Executive Director of HelpAge Deutschland Maria Ros Jernberg, Chief Executive of the Swedish Fundraising Council Simone Joyaux, consultant at Joyaux Associates Neelam Makhijani, Chief Executive of the Resource Alliance Joseph Michael, Fundraising Manager at the Resource Alliance. Jill Nadolski, Operations Manager of EEIBA Mayur Paul, Head of Communications and Brand at HelpAge International David Zerman, Chief Executive of Possibility Australia and Possibility InternationalNeelam Makhijani, chief executive at the Resource Alliance, said: “A fair and just world requires a strong, sustainable and productive civil society that has access to appropriate skills, knowledge and funding. By building the fundraising capacity of NGOs in this way we can help them achieve a much deeper, wider and sustainable impact.” Celia Till, editor of Ageways, added: “Older people play a vital part in society and their numbers are increasing, yet they are widely overlooked by development projects. This issue of Ageways brings together the Resource Alliance’s expertise and HelpAge’s experience of fundraising for work with older people, with inspiring examples from our partners and programmes in Ethiopia, Germany, India, South Africa, Sri Lanka and Vietnam.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Articles focus on issues such as planning a fundraising strategy, how to find and keep donors, branding, sources of funding and proposal writing. UK Fundraising’s Howard Lake contributed an article on digital fundraising.The other contributors were: HelpAge magazine edition focuses on fundraisingcenter_img Howard Lake | 12 September 2013 | News  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The current issue of Ageways, the bi-annual magazine of HelpAge International, focuses on fundraising advice, with advice from fundraising specialists around the world. It has been published in association with Resource Alliance, the charity which strengthens fundraising capacity of nonprofits around the world, and runs the annual International Fundraising Congress.The magazine is being destributed to both organisations’ global networks of 10,000 organisations. It can also be downloaded for free from the HelpAge International website.The edition focuses on assisting organisations that work with older people, but much of the material is applicable to a wide range of charities and voluntary organisations, large and small. Advertisementlast_img read more

Media hype confronts reality on the Venezuela-Colombia border

first_imgThe original article posted in Spanish on telesurtv.net was translated by Michael Otto.Feb. 10 — The cameras are pointed at the border between Venezuela and Colombia. The stage is presented as a gate about to collapse. Everything seems ready, just waiting for the appropriate day that, according to the declarations of presidents and newscast headlines, is just about to happen. Narrative immediacy has been a central point ever since Juan Guaidó proclaimed himself president: the impending fall of Nicolás Maduro, the imminent transition government and the resolution of all of Venezuela’s problems.What you see when you reach the border, however, is different. Particularly at the point that has been presented as a critical zone: the municipalities of Simón Bolívar and Ureña in the state of Táchira across from the city of Cúcuta, Colombia. There we would expect to see a region in turmoil, militarized on the Venezuelan side and transformed into a massive depository of humanitarian aid on the Colombian side. The reality is different: an overlapping of normality in one of the continent’s most complex borders and the climate of a work in progress.Understanding border dynamics demands that you cross-reference some variables.First, there is the historical development of this territory as a binational trade zone, which is based on the relationship between the Venezuelan bolivar and the Colombian peso.Second, the implementation since 2013 — with earlier warning signs — of contraband smuggling as part of a plan to bleed the Venezuelan economy.Third, the presence of key actors, such as paramilitary groups, in command of smuggling operations.Finally, the three aforementioned elements coexist within the current economic scenario. The variables intersect and mutually reinforce each other.Within that context, the cameras focus on two crossings, the Las Tienditas bridge and the Simón Bolívar bridge. The first bridge made the headlines on the front pages of newspapers, which portrayed containers that were placed on the Venezuelan side as closing the crossing. That bridge was never open.Its construction was a Venezuelan initiative, but was sabotaged by Colombian policies that sought to expand the illegal smuggling of gasoline instead of mandating a system of mutually agreed-upon price controls in  border gas stations.The question of gasoline is key to understanding the border: A liter on the Colombian side costs about 60 cents, while on the Venezuelan side a full tank costs less than a dollar.Smuggled gasoline supplies impoverished Colombian border areas. They also enabled the Colombian company Ecopetrol to divert its produced fuel elsewhere. The paramilitaries can amass millions of dollars in profits and those who manage the control of cocaine — paramilitaries and cartels — can count on cheap gasoline for its processing. The Colombian government has passed laws that authorize the smuggling of gasoline.The second bridge in the crosshairs is the Simón Bolívar. It’s open from 6 a.m. to 9 p.m. for pedestrians and from 9 p.m. to 12 p.m. for vehicular passage. About 30,000 people pass through there daily, about 2,000 of whom have their passports stamped — meaning that all the rest cross and return on the same day.It has a photographic advantage: It is narrow, so a long line of people can be generated just by slowing things down for a few minutes. The Colombian authorities do just that when the media campaign needs photos that show masses of people. Otherwise the transit of people is smooth.The two-way flow is both commercial and family related. On the Colombian side, certain products are available at cheaper prices, so many Venezuelans cross over to buy them for personal consumption or to resell them at a higher price on the Venezuelan side. Other products, regulated or subsidized, are cheaper on the Venezuelan side, so that flow is in the opposite direction.The economy involves thousands of people from the border area and from other states in Venezuela — for example, people from Barinas or Barquisimeto. Their number is increased by economic difficulties caused by the combination of the financial blockade, the attack on the currency and the difficulty in stopping hyperinflation, among other factors.Superimposed on this drama of everyday life is the constructed humanitarian narrative, including aid and possible foreign intervention. These factors have turned the border into a grand stage where the major communication agencies, spokespeople of different governments and international organizations meet. The objective is to show it as the critical point through which the door will open.Everyone knows, for example, that the Las Tienditas bridge was never opened, even though [the media] claim that the Venezuelan government blocked it when the crisis unfolded. A tour offered by Freddy Bernal, named by Maduro as protector of the state of Táchira — the governor belongs to Acción Democrática, an opposition group — was attended by Colombian media and international agencies. It doesn’t matter that they know the truth about the bridge; they claim the opposite.The active campaign to isolate Venezuela requires the construction of a network of agencies, government officials, organizations, presidents, social network engineers, among others.In this context, humanitarian aid has been engineered as the battering ram to break down the gate. With several particularities: First of all, what has arrived so far is insignificant — two truckloads of food, when 40 are distributed in Táchira through the Local Supply and Production Committees in a single day.Second, it doesn’t really matter what impact aid could have. It is rather the construction of the stage, which will show on one side the aid, while on the other that Venezuelans go begging for it — for which the right wing will mobilize its forces — and in the middle the government will be seen blocking the way. That is the image they will apparently seek to create.Within this framework some hypotheses can be generated. One of the scenarios is that this is the territory where the assault strategy can find a trigger point and the operation mounted to justify new attacks of greater force. The opposition need to heighten the impact on public opinion, get the U.S. Senate to agree and stipulate in writing that military intervention can be considered, to create internal chaos.The situation seems to be far too normal for them to achieve their objectives. That’s because some moves didn’t work out for them. For example, García Palomo, who was going to lead a series of military actions in Caracas, was instead arrested.This week could be the one chosen to trigger the border scenario. It would be the point at which the international front would unite with the national front to create a “breakthrough.” For the time being, on the surface all remains calm. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Draconian bill would criminalize defamation in Timor-Leste

first_img The Timorese Prime Minister on 16 June said that the Council of Ministers still didn’t have this document but that it “considers appropriate to provide for and punish (…) defamation.” (photo : Lusa / www.noticiasaominuto.com) News Radio reporter stabbed while working on corruption story RWB welcomes creation of press council and code of ethics Opposition militants raid Timor-Leste TV and radio News Timor-LesteAsia – Pacific Protecting journalists Freedom of expressionJudicial harassment News June 23, 2020 Draconian bill would criminalize defamation in Timor-Leste Organisation Under the draconian bill unveiled by justice minister Manuel Cárceres da Costa on 5 June, anyone convicted of “offending the honour and prestige” of a representative of the state or church in the news media or on social media would face up to three years in prison.“Criminalizing defamation is the prerogative of authoritarian regimes,” said Daniel Bastard, the head of RSF’s Asia-Pacific desk. “We therefore call on Prime Minister Taur Matan Ruak to return to the road of democracy by immediately abandoning this unacceptable bill. Defamation cases can be handled by creating a press arbitration council. If defamation cases go to court, they should be subject to civil law, never criminal law.”Timor-Leste is ranked 78th out of 180 countries and territories in RSF’s 2020 World Press Freedom Index. Receive email alertscenter_img to go further Follow the news on Timor-Leste Timor-LesteAsia – Pacific Protecting journalists Freedom of expressionJudicial harassment RSF_en Help by sharing this information November 7, 2013 Find out more August 13, 2012 Find out more Reporters Without Borders (RSF) calls for the immediate withdrawal of a bill that would criminalize defamation in Timor-Leste again, six years after a similar law inherited from the Portuguese colonial era was removed from the criminal code as a result of the adoption of a new press code. News June 30, 2006 Find out morelast_img read more

Free NCT- after four week booking wait

first_imgLinkedin NewsLocal NewsFree NCT- after four week booking waitBy admin – August 26, 2010 666 Email WhatsApp Advertisement GOOD news for motorists put on a long waiting list for their NCT is that if they fail to secure a booking within a four-week timeframe, the day of reckoning comes free.And if stopped at a Garda checkpoint without a valid NCT disc, a letter confirming their application for the test will suffice.Sign up for the weekly Limerick Post newsletter Sign Up A representative at the National Car Testing headquarters in Dublin told the Limerick Post that the current waiting time for the test was approximately three weeks nationwide and added that there is a free system in place for those waiting over four weeks. “The guards are happy to accept a letter from us confirming that a driver has applied for a test if their current disc is out of date,” said the spokesperson. Continued on page 4.Free NCT- after four week booking waitA senior garda member at Henry Street told the Limerick Post that “common sense would prevail” when it came to the display of a valid disc.“The vast majority of motorists are law abiding and if they have not been able to get an NCT test, through no fault of their own, gardaí will use common sense in dealing with the matter”.One local motorist told the Limerick Post that she was informed by NCT that a date was not available until November.The representative explained that motorists are placed on the priority list if they contact the NCT to request an earlier test.“Most people are happy to wait up to seven weeks for a test if they have to, because it gives them time to get everything in order to give them the best chance of passing the test.“If someone requires an early appointment they are placed on the priority list, but this doesn’t happen too often as usually people are waiting just two to three weeks”.However, a motorist who attempted to be placed on the priority list was told that she must lose her original appointment and may have to wait even longer for an appointment if a priority date cannot be secured.A host of new requirements have been introduced to the NCT test as of April this year, including the obligation to have tyres stamped with the ‘E-mark’, confirming that the tyre meets the minimum EU or International standard in relation to its dimensions, load and speed rating.The Limerick NCT centre is based in Ballysimon.center_img Print Twitter Facebook Previous articleCommercial vehicle tax crackdown slammedNext articleApplications and requirements rise at LIT adminlast_img read more

Hunt for escaped prisoner continues

first_imgGARDAI are still on a man hunt for an escaped prisoner who absconded from custody last Wednesday.  A man in his 20s was one of a pair of prisoners that were being returned to Limerick Prison when they slipped their handcuffs while in garda custody at the gates of Limerick Prison.  Both men fled the scene on foot and an immediate man hunt began.Sign up for the weekly Limerick Post newsletter Sign Up Facebook Email Print WhatsApp Twitter Advertisement Linkedin NewsLocal NewsHunt for escaped prisoner continuesBy admin – February 21, 2012 637 One of the two, 18-year-old Christopher Curtin of Salvia Park was found at the back of Limerick Circuit Court where he sought refuge. Curtin, “knowing he was going to be arrested” according to his barrister Pat Whims, returned to court two days after he fled as he had a pending sentencing hearing. He was later given a two year sentence for his part in a burglary at a county Limerick pub. Meanwhile, the nine man warrants unit of An Garda Siochana based at Roxboro are continuing their search for the man in his 20s that remains at large. Previous articleCouncil tenants feel they are short-changed in repair worksNext articleLocal barrister wants pride back in FF adminlast_img read more

Amkor Technology Reports Financial Results for the Fourth Quarter and Full Year 2020

first_imgLocal NewsBusiness 870 340 Payments of revolving credit facilities 25 241,146 2020 Net income Cash flows from investing activities: Q4 2020 (1) Net income Full year 2019 net income includes an $8 million charge, or $0.03 per share, related to the early redemption of $525 million of senior notes due 2022 and a net $11 million discrete income tax charge, or $0.05 per diluted share, related to changes in the valuation of certain deferred tax assets. 1,178 900,814 (93,456 % $ 16 16 $ (1) $756 Other manufacturing Restricted cash 27,270 Cost of sales 16.0% % Communications (handheld devices, smartphones, tablets) 610 2019 17 $99 28,272 Cost of sales: 13.4 $ % Cash flows from operating activities: (217,740 770 28,260 $0.41 Total current assets 510,396 $ 4,828 $255 $322 4,149,775 27,325 ) 15 1 100.0 Twitter $0.38 549 Proceeds from short-term debt 78,219 962,643 $ Accumulated other comprehensive income Total net sales $121 At December 31, 2020, total cash and short-term investments was $832 million, and total debt was $1.154 billion. Business Outlook “We expect the first quarter to be another strong quarter, with revenue projected to be 15% above the first quarter of 2020, driven by continued recovery in automotive and better than seasonal demand for smartphones,” said Rutten. “We see 2021 as another good growth year for Amkor as 5G deployment, high performance computing, IoT wearables and recovery in automotive are all expected to drive strong demand for our services.” First quarter 2021 outlook (unless otherwise noted):Net sales of $1.27 billion to $1.37 billionGross margin of 17% to 20%Net income of $70 million to $118 million, or $0.29 to $0.48 per diluted shareFull year 2021 capital expenditures to be around $700 million Conference Call Information Amkor will conduct a conference call on Monday, February 8, 2021, at 5:00 p.m. Eastern Time. This call may include material information not included in this press release. This call is being webcast and can be accessed at Amkor’s website: www.amkor.com. You may also access the call by dialing 1-877-407-4019 or 1-201-689-8337. A replay of the call will be made available at Amkor’s website or by dialing 1-877-660-6853 or 1-201-612-7415 (conference ID 13715048). The webcast is also being distributed over NASDAQ OMX’s investor distribution network to both institutional and individual investors. Institutional investors can access the call via NASDAQ OMX’s password-protected event management site, Street Events ( www.streetevents.com ). About Amkor Amkor Technology, Inc. is one of the world’s largest providers of outsourced semiconductor packaging and test services. Founded in 1968, Amkor pioneered the outsourcing of IC packaging and test, and is now a strategic manufacturing partner for the world’s leading semiconductor companies, foundries and electronics OEMs. Amkor’s operational base includes production facilities, product development centers and sales and support offices located in key electronics manufacturing regions in Asia, Europe and the USA. For more information visit www.amkor.com. Gross margin Basic Q3 2020 AMKOR TECHNOLOGY, INC. Selected Operating Data This press release also includes net debt, which is not defined by U.S. GAAP. We define net debt as total debt as reported on the consolidated balance sheet less the sum of cash and cash equivalents, and short term investments. We believe net debt to be relevant and useful information to our investors because it provides them with additional information in assessing our capital structure, financial leverage, and our ability to reduce debt and to fund investing and financing activities. This measure should be considered in addition to, and not as a substitute for, or superior to, total debt, prepared in accordance with U.S. GAAP. Furthermore, our definition of net debt may not be comparable to similarly titled measures reported by other companies. $ Non-GAAP Financial Measure Reconciliation: (698 Other non-current liabilities 17 181,339 Shares used in computing per common share amounts: ) 234,077 % Total current liabilities 71,587 3,202 (3) 2,111 Free cash flow 503 Accounts receivable, net of allowances (2,361 133 688,051 Total other expense, net Proceeds from issuance of long-term debt Total assets 16.0 Total operating expenses 16 ) % $244 Net cash provided by operating activities 4,053 (553,021 85 100 563,850 302,842 17,805 Net Debt Data: 85 Total liabilities and equity 65 1,538 $ % 20.3 $ (6,574 ($ in millions, except per share amounts) 247,081 46 5,050,589 ) Q4 2020 17 17.8% Q4 2019 net income includes a $4 million discrete income tax benefit, or $0.01 per diluted share, primarily related to changes in the valuation of certain deferred tax assets. $ % 123 2,974 416,269 % (648,514 % 137,638 % 1,005,339 0.50 15 147,236 41 100,580 $960 148,549 Facebook Q4 2019 $ Noncontrolling interests in subsidiaries Other (income) expense, net $1,178 159,610 % (1) Advanced products include flip chip and wafer-level processing and related test services 24 (472 2,705,376 (6 AMKOR TECHNOLOGY, INC. Selected Operating Data In this press release, we refer to EBITDA, which is not defined by U.S. GAAP. We define EBITDA as net income before interest expense, income tax expense and depreciation and amortization. We believe EBITDA to be relevant and useful information to our investors because it provides additional information in assessing our financial operating results. Our management uses EBITDA in evaluating our operating performance, and our ability to service debt, and our ability to fund capital expenditures and pay dividends. However, EBITDA has certain limitations in that it does not reflect the impact of certain expenses on our consolidated statements of income, including interest expense, which is a necessary element of our costs because we have borrowed money in order to finance our operations, income tax expense, which is a necessary element of our costs because taxes are imposed by law, and depreciation and amortization, which is a necessary element of our costs because we use capital assets to generate income. EBITDA should be considered in addition to, and not as a substitute for, or superior to, operating income, net income or other measures of financial performance prepared in accordance with U.S. GAAP. Furthermore our definition of EBITDA may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of EBITDA to U.S. GAAP net income. $0.50 % 41,103 511 239,725 Net income attributable to Amkor — % 27 6,395 Computing (datacenter, infrastructure, PC/laptops, storage) 221 % 19 $ Proceeds from maturities of short-term investments 63 17.8% Property, plant and equipment, net Preferred stock 176,971 ) (in millions) Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 698,002 % 2019 (196,335 65 % (333,719 Plus: Proceeds from sale of and insurance recovery for property, plant and equipment Gross Margin Data: Net sales 1,773 Net debt (4) Proceeds from sale of short-term investments 16 100.0 % % % WhatsApp Materials $ 159,015 (52,635 Gross profit (272,700 % 42.6 2,353,959 % 0.52 (In thousands) $ 894,948 Long-term debt (462,489 12.8 % Q4 2019 (2) % Amkor Technology Reports Financial Results for the Fourth Quarter and Full Year 2020 899 46.9 % 20.3% Q4 and full year 2020 net income includes a $20 million discrete income tax benefit, or $0.08 per diluted share, primarily related to changes in the valuation of certain deferred tax assets. % % % AMKOR TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) 28.0 Q4 2020 770,033 99,816 26,500 % ) % Diluted % ) % 140,727 $ % 126,674 $ EBITDA (4) $ — % % 2020 25,976 ) % ) 145,628 2019 2,325,699 73,360 1,953,378 99,147 AMKOR TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) 100.0 636,434 84 $549 Plus: Interest expense % 37 1,371 64 Total 32,771 13 $ 100 (472,433 ) 1,990,239 % ) $ (2) Mainstream products include wirebond packaging and related test services $ 100 Test services Cash, cash equivalents and restricted cash, beginning of period Non-GAAP Financial Measures Reconciliation: 108,250 241,509 86,769 6,469 960 $104 Operating income Net cash (used in) provided by financing activities Plus: Depreciation & amortization 288 2019 Selling, general and administrative Net Debt 4,695,615 312,000 278,631 $ 564 Less: Purchases of property, plant and equipment 100 243,356 Consumer (connected home, set-top boxes, televisions, visual imaging, wearables) $159 15 975,575 12 Mainstream products (2) $ 386,682 $ 104 (4) % Net Sales Data: Pinterest % $1,371 $ $ 100 $ Other assets (217,479 ) ) 24 % Less: Short-term Investments 898,532 18.9% 93 % 44.6 267,226 Gross margin 127 AMKOR TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) $338 Capital expenditures payable For the Year EndedDecember 31, $ ) 272,700 Net income attributable to Amkorcenter_img (In thousands, except per share data) Net sales End Market Distribution Data: 6,056 2019 1,178,464 15 Less: Cash and Cash Equivalents Packaging services 63 Other investing activities $ 955,480 4,052,650 $ Other financing activities 278,501 222,984 91,107 649,439 $ 18.9 (134 TEMPE, Ariz.–(BUSINESS WIRE)–Feb 8, 2021– Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the fourth quarter and full year ended December 31, 2020. “Better than expected demand for smartphone and automotive products drove fourth quarter revenue up 16% year on year to a record $1.37 billion,” said Giel Rutten, Amkor’s president and chief executive officer. “For full year 2020, we delivered record revenue of $5.05 billion, an increase of nearly $1 billion over 2019. Demand for advanced packages, particularly advanced SiP, drove strong growth in the consumer, communications and computing end markets.” “High utilization drove gross margin over 20%, and operating income margin reached 11.6% in the fourth quarter. The improved profitability and continued spending discipline resulted in record annual EPS of $1.40,” said Megan Faust, Amkor’s executive vice president and chief financial officer. “In 2020, free cash flow doubled from 2019 to a record $221 million. We also further strengthened our balance sheet by lowering our blended borrowing rate and paying down approximately $300 million in debt, ending the year with all-time low net debt of $322 million.” (in millions) Research and development Short-term borrowings and current portion of long-term debt 46 17.8 ASSETS Operating lease right of use assets $5,051 1,942 255 17.8 ) 2,404,850 118,385 86 ) Interest expense $ 20 ) Other operating activities and non-cash items 22.2 $ 1,132 (291 Payments of short-term debt Depreciation and amortization 37 12.9 70,563 104,599 Q4 2019 By Digital AIM Web Support – February 8, 2021 524,177 2019 $ 322 210,481 LIABILITIES AND EQUITY $ For the Three Months EndedDecember 31, Net income Income before taxes % 4 51,434 19,115 $ ) (669 139,644 Payments for short-term investments 71,740 Net income attributable to noncontrolling interests health conditions or pandemics, such as Covid-19, impacting labor availability and operating capacity, capital availability, the supply chain and consumer demand for our customers’ products and services;dependence on the highly cyclical, volatile semiconductor industry;industry downturns and declines in global economic and financial conditions;fluctuation in demand for semiconductors and conditions in the semiconductor industry generally, as well as by specific customers, such as inventory reductions by our customers impacting demand in key markets;changes in our capacity and capacity utilization rates and fluctuations in our manufacturing yields;changes in costs, quality, availability and delivery times of raw materials, components and equipment, including any disruption in the supply of certain materials due to regulations and customer requirements, as well as production delays, wage inflation, fluctuations in commodity prices and supply constraints;the development, transition and ramp to high volume manufacture of more advanced silicon nodes and evolving wafer, packaging and test technologies may cause production delays, lower manufacturing yields and supply constraints for new wafers and other materials;absence of backlog, the short-term nature of our customers’ commitments, double bookings by customers and deterioration in customer forecasts and the impact of these factors, including the possible delay, rescheduling and cancellation of large orders, or the timing and volume of orders relative to our production capacity;dependence on key customers or concentration of customers in certain end markets, such as mobile communications and automotive;dependence on international factories and operations and risks relating to our customers’ and vendors’ international operations;laws, rules, regulations and policies imposed by U.S. or other governments, such as tariffs, customs, duties and other restrictive trade barriers, national security, data privacy and cybersecurity, antitrust and competition, tax, currency and banking, labor, environmental, health and safety, and in particular the recent increase in tariffs, customs, duties and other restrictive trade barriers considered or adopted by U.S. and other governments;laws, rules, regulations and policies within China and other countries that may favor domestic companies over non-domestic companies, including customer- or government-supported efforts to promote the development and growth of local competitors;fluctuations in currency exchange rates, particularly the dollar/yen exchange rate for our operations in Japan;competition with established competitors in the packaging and test business, the internal capabilities of integrated device manufacturers and new competitors, including foundries;decisions by our integrated device manufacturer and foundry customers to curtail outsourcing;difficulty achieving high capacity utilization rates due to high percentage of fixed costs;our substantial investments in equipment and facilities to support the demand of our customers;there can be no assurance regarding when our factory and research and development center in Korea will be fully utilized, or that the actual scope, costs, timeline or benefits of the project will be consistent with our expectations;the historical downward pressure on the prices of our packaging and test services;any warranty claims, product return and liability risks, and the risk of negative publicity if our products fail, as well as the risk of litigation incident to our business;our substantial indebtedness and restrictive covenants in the indentures and agreements governing our current and future indebtedness;the possibility that we may decrease or suspend our quarterly dividend;difficulty funding our liquidity needs;our significant severance plan obligations associated with our manufacturing operations in Korea;maintaining an effective system of internal controls;difficulty attracting, retaining or replacing qualified personnel;our continuing development and implementation of changes to, and maintenance and security of, our information technology systems;challenges with integrating diverse operations;any changes in tax laws, taxing authorities not agreeing with our interpretation of applicable tax laws, including whether we continue to qualify for tax holidays, or any requirements to establish or adjust valuation allowances on deferred tax assets;our ability to develop new proprietary technology, protect our proprietary technology, operate without infringing the proprietary rights of others and implement new technologies;natural disasters and other calamities, health conditions or pandemics, political instability, hostilities or other disruptions; andthe ability of certain of our stockholders to effectively determine or substantially influence the outcome of matters requiring stockholder approval. Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2019 and in the company’s subsequent filings with the Securities and Exchange Commission made prior to or after the date hereof. Amkor undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by law. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005851/en/ CONTACT: Amkor Technology, Inc. Vincent Keenan Vice President, Investor Relations 480-786-7594 [email protected] KEYWORD: UNITED STATES NORTH AMERICA ARIZONA INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SEMICONDUCTOR SOURCE: Amkor Technology, Inc. Copyright Business Wire 2021. PUB: 02/08/2021 04:03 PM/DISC: 02/08/2021 04:03 PM http://www.businesswire.com/news/home/20210208005851/en 349,207 Net income attributable to Amkor per common share: (553 Treasury stock Q3 2020 1,371,041 338,138 510 45.5 562,502 % 12,679 $1,354 42,935 0.41 2019 1.40 $ Proceeds from revolving credit facilities 22.5 133,769 455 $ % % % $ $ 868 898,532 242,333 ) $ Restricted cash Cash, cash equivalents and restricted cash, end of period % Proceeds from sale of property, plant and equipment 289 $ 24.6 $ 571,054 120,888 40.0 $457 0.41 Total liabilities Pension and severance obligations % (In thousands) Labor 2019 1,007 Automotive, industrial and other (driver assist, infotainment, performance, safety) Short-term investments $ 5,022,311 0.52 443,569 $118 WhatsApp (862,927 Cash flows from financing activities: Other current assets 40,218 $ 71,828 2,132,932 2,001,533 Pinterest 2,566,002 ) ) % ) 126 Non-GAAP Financial Measures Reconciliation: $127 14 3,188 % (638,705 220,602 111,733 340,499 6,348 5,022,311 $288 2020 83 ) 2020 Proceeds from insurance recovery for property, plant and equipment Facebook Forward-Looking Statement Disclaimer This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements, including all of the statements made under “Business Outlook” above. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements, including, but not limited to, the following: % Trade accounts payable $1.40 $ $ 233,170 77,044 Accrued expenses 297,293 Operating income 23.3 % 159,810 61 15 16.0 — Net cash provided by operating activities Retained earnings Annual free cash flow (4) (895 2019 (3) Net (decrease) increase in cash, cash equivalents and restricted cash 46,183 $ % 242,248 (125,890 Amkor stockholders’ equity: 72 % 1,927,739 Common stock Payments of finance lease obligations 5,051 Additional paid-in capital % 2,668,352 4,695,615 126,965 1,849 $4,053 % 524 Twitter Current liabilities: 457,245 Basic 2020 Total Amkor stockholders’ equity ) 2020 1,154 764 (5,935 Total equity 340,499 % 14,197 Goodwill (2,245 $ (9,851 14 For the Year Ended December 31, 1,092,540 38 1,450 100 240,384 1,963,739 17 756 13.9 $ 37,182 AMKOR TECHNOLOGY, INC. Selected Operating Data 244 12,594 (87,353 $ 25 ) 2020 (1) December 31, 19 % 19,535 Results (in millions) 240,122 EBITDA Data: Income tax expense 102,996 Net sales (535,368 10,117 287 119,322 % ) $ $127 2020 ) 100.0 $92 Net sales from top ten customers 3,403,211 3,819 % 14,707 122,628 % Q3 2020 Net cash used in investing activities 84,420 1,315,987 Current assets: 16,673 667 ) % $ $ ) 1,354 % $0.52 130 $ $ 122,628 EBITDA Free Cash Flow Data: (332,000 EBITDA, free cash flow and net debt are non-GAAP measures. The reconciliations to the comparable GAAP measures are included below under “Selected Operating Data.” Earnings per diluted share 1.40 % Payments of long-term debt Cash and cash equivalents (1,740 Diluted 18 Payments for property, plant and equipment 850,753 Net sales (in millions): 331,033 (2) 43 $ 3,377 $233 ) 100.0 $221 144,479 Advanced products (1) 39,769 Plus: Income tax expense 1,305,755 2020 0.50 Changes in assets and liabilities ) In this press release, we refer to free cash flow, which is not defined by U.S. GAAP. We define free cash flow as net cash provided by operating activities less payments for property, plant and equipment, plus proceeds from the sale of and insurance recovery for property, plant and equipment, if applicable. We believe free cash flow to be relevant and useful information to our investors because it provides them with additional information in assessing our liquidity, capital resources and financial operating results. Our management uses free cash flow in evaluating our liquidity, and our ability to service debt, and our ability to fund capital expenditures and pay dividends. However, free cash flow has certain limitations, including that it does not represent the residual cash flow available for discretionary expenditures since other, non-discretionary expenditures, such as mandatory debt service, are not deducted from the measure. The amount of mandatory versus discretionary expenditures can vary significantly between periods. This measure should be considered in addition to, and not as a substitute for, or superior to, other measures of liquidity or financial performance prepared in accordance with U.S. GAAP, such as net cash provided by operating activities. Furthermore, our definition of free cash flow may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of free cash flow to U.S. GAAP net cash provided by operating activities. — Total Debt 702,197 $ 159,179 % Inventories TAGS  149,007 Long-term operating lease liabilities 64,168 1,059,803 Previous articleEnanta Pharmaceuticals Reports Financial Results for its Fiscal First Quarter Ended December 31, 2020 with Webcast and Conference Call Today at 4:30 p.m. ETNext articleThe Latest: WHO: Variants raise questions about vaccines Digital AIM Web Supportlast_img read more

Missing Glasgow man may have travelled to Donegal

first_imgHomepage BannerNews RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook Twitter Publicans in Republic watching closely as North reopens further By News Highland – August 16, 2020 Important message for people attending LUH’s INR clinic Nine til Noon Show – Listen back to Monday’s Programme Previous articleAccess to Rossnowlagh beach to be partially closed for two weeksNext articleGoals give Four Masters big boost – Barry Dunnion News Highland Missing Glasgow man may have travelled to Donegal Facebookcenter_img WhatsApp Its believed a missing Glasgow man may have travelled to Donegal.Police in Scotland are appealing for information after Michael Paul Ridge who has connections in Creeslough, was last seen attending an appointment in Rutherglen on Monday August 10th.He is described as 5ft 10in in height, of a stocky build and clean shaven.The 32 year old was last seen wearing a white baseball cap, white Armani jumper with a large black logo and stripe across the front, navy jeans and trainers.Sergeant Thomas Cairns from Rutherglen Police says Michael’s family have not had any contact from him since Sunday last and they have become increasingly concerned. Google+ Google+ Pinterest Arranmore progress and potential flagged as population grows Pinterest Twitter Community Enhancement Programme open for applications Loganair’s new Derry – Liverpool air service takes off from CODA last_img read more