Illovo Sugar Limited HY2007 Interim Report

first_imgIllovo Sugar Limited ( listed on the Malawi Stock Exchange under the Food sector has released it’s 2007 interim results for the half year.For more information about Illovo Sugar Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Illovo Sugar Limited ( company page on AfricanFinancials.Document: Illovo Sugar Limited (  2007 interim results for the half year.Company ProfileIllovo Sugar Limited is a South African-based enterprise and Africa’s largest producer of raw sugar and sugar brands produced from sugar cane grown by its own agricultural operations and independent growers. It operates in six African countries and exports products to sub-Saharan Africa, the European Union and the United States. Illovo Sugar Malawi is based in Limbe in the Blantyre District. Illovo Sugar Limited operates in four segments; cane growing, sugar production, downstream and co-generation products. The Cane Growing division grows sugar cane which is used in the production of sugar productions. The Sugar Production division manufactures and markets Illovo Sugar brands. The Downstream and Co-generation division manufactures and markets brands that are by-products of the production process, including furfural and alcohol. Illovo Sugar Limited also supplies surplus electricity generated in the sugar production process. Illovo Sugar Limited is a subsidiary of Associated British Foods plc. Illovo Sugar Limited is listed on the Malawi Stock Exchangelast_img read more

Amazon isn’t the only growth stock I bought last week

first_img Image source: Getty Images Edward Sheldon, CFA | Tuesday, 9th March, 2021 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. Growth stocks have taken a hit recently. With long-term bond yields rising, investors have shifted their focus to reopening stocks.Personally, I see the pullback in growth as a buying opportunity. In the short term, growth shares could continue to be volatile. However, the best growth stocks should do well in the long run.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…With that in mind, here’s a look at four I bought last week.AmazonThe largest trade I made was a purchase of Amazon stock. I bought another AMZN share for my portfolio at a cost of around $3,000 – about 15% below its all-time high. I like Amazon for a couple of reasons. First, it’s a global leader in e-commerce. Second, it’s the global leader in cloud computing. These are two industries with enormous growth potential. Looking ahead, I expect Amazon to grow much larger.Amazon does trade at a high valuation. Currently, the forward-looking P/E ratio is about 63. This adds some valuation risk in the short term. However, I’m planning to hold this growth stock for at least a decade. PayPalMy second largest trade was a purchase of some PayPal shares. This is a growth stock I first bought in the crash last year at around $90. Since then, it’s performed very well, rising as high as $310. Recently, it’s pulled back, however. So I grabbed some more shares at $233.Financial technology (FinTech) is a theme I’m bullish on and PayPal is one of the leaders in this space. It appears to be well-placed to benefit from the shift away from cash. In the fourth quarter of 2020, it added 16m new net active accounts.Source: SiftedPayPal stock is still expensive, even after the pullback. Its market-cap is currently about $280bn. That high valuation adds risk. However, I think the long-term growth potential here remains significant.PinterestI also bought some shares in social media company Pinterest last week. This was a new purchase for me. I bought shares between $72 and $75.You could say this purchase has been inspired by famous fund manager Peter Lynch. He adopted a ‘buy what you know’ strategy – many of his stock ideas were discovered while walking through a mall. What I know is that my wife spends a lot of time on Pinterest. If she’s not ‘pinning’ home renovation ideas, she’s using it for clothing ideas, travel ideas, and recipes.In my view, Pinterest has the potential to be a big player in e-commerce as it recently formed a partnership with Shopify. However, right now, it’s only making a small profit so it’s definitely more of a speculative purchase.UpworkFinally, I topped up my holding in Upwork. It operates the world’s largest freelance employment platform. This is one of my favourite stocks, and possibly the company I’m most excited about from a 10-year view. In the decade ahead, I expect the freelance market to grow substantially.Upwork recently delivered a great set of results. For the fourth quarter of 2020, revenue was up 32% to $106.2m. However, since then, the stock has fallen. I added some more shares at $42 – more than 30% below its recent highs.While I’m excited about the long-term potential here, this is another stock that’s speculative in nature. Profits are small, and the share price is volatile. I’m comfortable investing here, but this kind of stock isn’t suitable for everyone. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Edward Sheldon owns shares in Amazon, PayPal, Shopify, Upwork, and Pinterest. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Amazon, PayPal Holdings, Pinterest, and Shopify and recommends the following options: long January 2022 $1920 calls on Amazon, short January 2022 $1940 calls on Amazon, and long January 2022 $75 calls on PayPal Holdings. 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.center_img 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. 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. Amazon isn’t the only growth stock I bought last week Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Edward Sheldon, CFAlast_img read more

Icon Bay / Arquitectonica

first_imgIcon Bay / ArquitectonicaSave this projectSaveIcon Bay / Arquitectonica 2015 ArquitectonicaGEO Year:  Products used in this ProjectBlinds / Mosquito Nets / CurtainsBANDALUXRoller Shades – Premium SystemsPartners In Charge Of Design:Bernardo Fort Brescia, Laurinda SpearProject Director:Sherri GutierrezProject Manager:Mario MaciasDesign Team:Sherri Gutierrez, Gustavo Spokoiny, Tonia Long, Mario MaciasInteriors:Lorenzo Cobiella, Michelle Hanna, Leslie Chimelis, Hira Sabuhi, Carla MartinezPrincipal In Charge (Arquitectonicageo):Laurinda SpearProject Director (Arquitectonicageo):Margarita BlancoProject Manager (Arquitectonicageo):Johanna MoralesLandscape Architects (Arquitectonicageo):Ben Hutchens, Alejandro PerezMep Engineers:Steven FellerSurvey Engineers:TriangleCity:MiamiCountry:United StatesMore SpecsLess SpecsSave this picture!© Robin HillText description provided by the architects. This thin elongated tower floats over a new waterfront park.  It is the first of a new generation of residential towers on Biscayne Bay in that it creates part of a public-private partnership to unlock the value of the bayfront.Save this picture!© Robin HillIcon Bay opens a once landlocked neighborhood to Biscayne Bay.  It also links other sites with a public walk that participates in the Biscayne Line initiative.Save this picture!© Robin HillThe experience is partially open to the sky and partially within a porch of monumental proportions. Following Florida tradition it frames the bay views and provides shelter from the sun and rain.Save this picture!© Robin HillThe building balconies fold playfully along the facades. They create a pattern of light and shadow, reflection and opacity.  They appear to flutter in the wind or responding to the ripples of the bay waters. The textured façade breaks the tradition of vertical extrusions in high-rise design.Save this picture!Ground Floor PlanFrom within the balcony varying depth create dramatic vantage points at their tips, creating an experience as if standing on the prow of a ship. They also create deep areas for furnishable terraces and shallower verandas that allow light into the spaces beyond.Save this picture!© Robin HillPrivate elevators serve each apartment. This allows for flow through units with bay and city views and sustainable cross ventilation.Save this picture!© Robin HillIcon Bay combines urban design innovation and contemporary sustainable values. It incorporates public benefit and responsible residential planning.Save this picture!© Robin HillProject gallerySee allShow less5 Reasons Frank Gehry Might be the Perfect Choice for the LA River Master PlanArticlesEvent: “Japanese Design Today: Unique, Evolving, Borderless – with Hiroshi Kashiwagi…EventProject locationAddress:460 Northeast 28th Street, Miami, FL 33137, United StatesLocation to be used only as a reference. It could indicate city/country but not exact address. Share Apartments Photographs photographs:  Robin HillPhotographs:  Robin Hill Manufacturers Brands with products used in this architecture project Projects “COPY” Landscape Architect: Year:  Consulting Engineering & Science Inc. Manufacturers: BANDALUX United States Area:  754693 ft² Area:  754693 ft² Year Completion year of this architecture project Save this picture!© Robin Hill+ 35 Share General Contractor: center_img ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Structural Engineers: “COPY” CopyAbout this officeArquitectónicaOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsMiamiUnited StatesPublished on September 07, 2015Cite: “Icon Bay / Arquitectonica” 07 Sep 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – MetrisVinyl Walls3MVinyl Finish – DI-NOC™ Cross HairlinePartitionsSkyfoldVertically Folding Operable Walls – Mirage®SinksThe Splash LabTrough Sink – Monolith A SeriesSkylightsVELUX CommercialModular Skylights in Helmkehof Cultural CenterBathroom AccessoriesBradley Corporation USAWashroom AccessoriesConcrete FloorsSikaDecorative Floor CoatingsMetal PanelsSherwin-Williams Coil CoatingsFluropon® Coating in Thaden SchoolWood Boards / HPL PanelsInvestwoodViroc Nature for Partition WallsMineral / Organic PaintsKEIMMineral Wood Stain – Lignosil®-VeranoDoorsdormakabaEntrance Doors – MAGNEOSinksECOPIXELWashbasin – Light Basin LTBMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream CopyApartments•Miami, United States Icon Bay / Arquitectonica B&J Consulting Engineering Inc. Civil Engineers: Products translation missing: ArquitectonicaINTERIORS ShareFacebookTwitterPinterestWhatsappMailOr Clipboard 2015 Interior Designer: ArchDaily Plaza Construction Group Florida Architects: Arquitectónica Area Area of this architecture projectlast_img read more

U38 House / OfficeAT

first_img Projects Houses Photographs:  Rungkit Charoenwat Manufacturers Brands with products used in this architecture project Area:  368 m² Year Completion year of this architecture project Thailand Year:  Save this picture!© Rungkit Charoenwat+ 42 Share ShareFacebookTwitterPinterestWhatsappMailOr Clipboard ShareFacebookTwitterPinterestWhatsappMailOr Clipboard U38 House / OfficeAT “COPY”center_img ArchDaily 2014 CopyHouses•Bangkok, Thailand Photographs U38 House / OfficeATSave this projectSaveU38 House / OfficeAT “COPY” Architects: OfficeAT Area Area of this architecture project CopyAbout this officeOfficeATOfficeFollowProductsWoodSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBangkokKhwaeng Bang NaThailandPublished on December 14, 2016Cite: “U38 House / OfficeAT” 13 Dec 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodGRP Siding Façade SystemPlasticsMitrexSolar SidingMetal PanelsAurubisCopper Alloy: Nordic RoyalSystems / Prefabricated PanelsKalwall®Translucent WalkwaysPanels / Prefabricated AssembliesIsland Exterior FabricatorsSpecialty Facade SystemsLightsLouis PoulsenLamps – LP Slim BoxWoodBruagAcoustic Panels with LEDTiles / Mosaic / GresiteHisbalitMosaic Tiles – Palm SpringsMineral / Organic PaintsKEIMBlack Concrete – Concretal®-BlackSuspension SystemsMetawellAluminum Panels for Smart CeilingsDoorsGorter HatchesFloor Door – Fire RatedBricksDEPPEWaterstruck Bricks – 1622/1635ekws DFMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Manufacturers: Interwood, Modern glass, Siam YamatoStructural Engineer:Sarawut YuantengSystem Engineer:Petch PanyangamContractor:S.P. Civil System Co., Ltd.City:BangkokCountry:ThailandMore SpecsLess SpecsSave this picture!© Rungkit CharoenwatRecommended ProductsDoorsStudcoAccess Panels – AccessDorWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40WindowsKalwall®Facades – Window ReplacementsDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcText description provided by the architects. SITE: The U38 house is located in Bangkok, Thailand. The 400 sqm house was designed for a couple and a child in the site next to the husband existing family house surrounded by typical suburban houses.Save this picture!© Rungkit CharoenwatSave this picture!© Rungkit CharoenwatSTRUCTURE:  Since the owner and also a builder himself need to complete a house within 4 months, architect decided to use very simple steel structure on 6 by 5 meter grid to build it as fast as possible.Save this picture!DiagramPROGRAM: The program is a 2 story house. Architect place the building on one side to keep some space for green area & swimming pool with carport at the front. On the ground floor including open plan of living room and dining room  which are facing onto swimming pool and outdoor terrace. The second floor is composed of master bedroom, son bedroom and family room.Save this picture!© Rungkit CharoenwatSave this picture!Floor Plan 01Save this picture!© Rungkit CharoenwatSCREEN: In order to protect Heat from the Tropical climate of South East Asia and creates privacy for the 2nd floor. Architect design a long terrace on the side to keep the room from the heat outside  and moveable recycles wood skin panels  over glass layer for more privacy and heat protection.Save this picture!© Rungkit CharoenwatMATERIALS: Architect chose nature material for this house by use steel structure, painted plastered wall and brick wall and wood lattice.Save this picture!© Rungkit CharoenwatProject gallerySee allShow lessBaomaru House / Rieuldorang AtelierSelected ProjectsThe Garden of Forking Paths / officePROJECTSelected Projects Sharelast_img read more

CAF Bank customers to have low-cost card payment terminals

first_imgCAF Bank customers to have low-cost card payment terminals The 16,000 customers of CAF Bank, the not-for-profit banking subsidiary of the Charities Aid Foundation, now have the facility to accept payments by credit or debit card as a result of a partnership with payment solutions provider Cardsave Community.Cardsave Community, which works exclusively with the not-for-profit sector, offers a secure, low-cost payment terminal which lets groups and charities accept payments by credit or debit card, whether that is face to face, through the post or over the phone.For example, charities can use the terminals to accept donations in person at fundraising events or over the phone, and or payments at a charity shop, for tickets, membership or services provided.It offers charities 12 month contracts, which are much shorter than the contracts usually offered by other major providers.Cardsave Community terminals are available in countertop, portable or mobile versions.Marc Frost, Chief Executive of Cardsave Community, said: “Our ethos is very similar to CAF Bank’s in that we aim to provide the same service to smaller organisations that mainstream providers give larger organisations. We already work with thousands of charities, from national names to very small local charities and hope that many of CAF Bank’s customers will now join them in using our payment terminals to increase their options.”Peter Mitchell, Chief Executive of CAF Bank added: “With this deal, we’re further increasing the options available to our charity customers for accepting payments. Cards are an increasingly important payment method for donors, and with the cheque guarantee facility for cheques recently withdrawn, this approach enables charities to take guaranteed card payments instead.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  38 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Charities Aid Foundation Finance Howard Lake | 25 July 2011 | News 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 Researching massive growth in giving.last_img read more

Limerick’s Lough Gur wins ‘Sound Town’ award for weekly community newsletter…

first_img9-7-18 Lough Gur Picture: Keith WisemanLOUGH Gur in County Limerick has been announced as the fourth ‘Sound Town’ winner of 2020, following incredible work carried out by the community to create a positive movement for those that needed it most during Covid-19.For the people of Lough Gur, protecting their most vulnerable during the lockdown restrictions was a top priority. This issue inspired them to come up with a plan to lift everyone’s spirits and bring the community closer together.Sign up for the weekly Limerick Post newsletter Sign Up Jean Lyons was among a small group of volunteers who decided to put together a weekly newsletter for cocooners, so that everyone in the town could keep up to speed with how they were coping.Each week, the local priest Father Eddie, undertook a Facebook Live on ‘Lough Gur Community’ page announcing the next person to be featured in the newsletter. One cocooner was randomly selected each week to tell the town about their life and their experiences living in Lough Gur.“It’s been a really interesting experience,” says Jean, who has lived in the town her entire life. “I knew most of the people cocooning as I was growing up, and I didn’t know these stories; I learned so much about the people in my community.”The popular newsletter also contains recipes and a crossword competition, with local businesses showing their community spirit by donating competition prizes. There is a section dedicated to congratulating people in the town on any recent achievements, too, from birthdays, to exam results, to anniversaries.A volunteer group would then hand deliver the newsletters to the cocooners and spend time talking to them. Sometimes the newsletter even comes with special treats! On one particular weekend the community even covered the cost of a lovely Sunday lunch from a local restaurant for all the cocooners. The initiative has been such a success that Jean says they plan to keep it going even after the pandemic.Commenting on the announcement of Lough Gur winning the Sound Town award, Today FM’s Weekend Breakfast presenter Alison Curtis said; “Cocooning during the lockdown restrictions was a lonely and difficult time for a lot of us, but the people of Lough Gur managed to use this crisis to learn more about each other.“During what could have been a period of extreme isolation, this community came together more than ever before. We are delighted to present them with the fourth Sound Town award of the year, for their inspirational efforts.” she said.‘Sound Town’ is a Today FM and Cadbury Ireland initiative, which aims to shine a light on what makes Irish communities so unique, by awarding a ‘Sound Town’ status to communities that embody generosity, kindness and general soundness.Throughout the year, monthly winning towns are selected by Today FM’s Weekend Breakfast presenter Alison Curtis and are awarded with an official ‘Sound Town’ plaque. Each monthly winning town will be shortlisted for a chance to win €10,000 when the overall 2020 Sound Town winner is announced at the end of the year.Speaking about the Sound Town initiative, Senior Brand Manager with Cadbury Ireland, Tricia Burke said; “We are delighted to partner with Today FM’s Weekend Breakfast once again this year to bring the Sound Town initiative to life.“Seeing the people of Lough Gur keeping in touch with each other in such a creative and fun way is proof that Ireland’s reputation for incredible community spirit is well deserved.“Everyday generosity is what the Sound Town award is all about – and Lough Gur really earned it. On behalf of Cadbury Ireland, I’d like to congratulate everyone in Lough Gur for their efforts and wish them well in continuing their fantastic community newsletter in the future.” she added.For further details on Today FM and Cadbury Ireland’s Sound Town initiative and how you can enter your town, tune into ‘Weekend Breakfast with Alison Curtis’, every Saturday and Sunday from 8 am to 11 am, or go to Twitter Advertisement Linkedin Limerick’s National Camogie League double header to be streamed live Previous articleFour new scholarships announced by GPA, the WGPA and Setanta CollegeNext articleJuly Jobs Stimulus package sees extension to wage subsidy scheme and pandemic unemployment payment Meghann Scully Facebook Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Email Predictions on the future of learning discussed at Limerick Lifelong Learning Festival center_img WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads WhatsApp LimerickNewsLimerick’s Lough Gur wins ‘Sound Town’ award for weekly community newsletter focusing on the lives of cocoonersBy Meghann Scully – July 24, 2020 581 RELATED ARTICLESMORE FROM AUTHOR TAGSKeeping Limerick PostedlimerickLimerick PostLough Gur Limerick Ladies National Football League opener to be streamed live Print Donal Ryan names Limerick Ladies Football team for League openerlast_img read more

APCOA URBAN HUBS fournissent l’infrastructure de services physiques et numériques pour une vie urbaine…

first_img Previous articleEuropean Digital Sovereignty Report 2021 – Can the Digital Industry Keep Pace With the Rest of the World? – ResearchAndMarkets.comNext articlePlatforma URBAN HUBS to infrastruktura wspierająca zrównoważony rozwój miast Digital AIM Web Support APCOA URBAN HUBS fournissent l’infrastructure de services physiques et numériques pour une vie urbaine durable Twitter By Digital AIM Web Support – February 19, 2021 Facebook Pinterest WhatsApp TAGS  center_img Local NewsBusiness Facebook Twitter WhatsApp Pinterest APCOA parking garagelast_img read more

Fintech Vs. Traditional Lending Risks

first_img in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily Subscribe The Best Markets For Residential Property Investors 2 days ago October 26, 2020 14,542 Views Home / Daily Dose / Fintech Vs. Traditional Lending Risks Share Save Tagged with: FinTech Lending Risk Underwriting The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: 10 Cities with the Most Financial Distress from COVID-19 Next: Minority Households Disproportionately Feel Recession-Related Pain Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Related Articles  Print This Post About Author: Christina Hughes Babb Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly,, Dallas Observer, Edible, and the Dallas Morning News, among others. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago FinTech Lending Risk Underwriting 2020-10-26 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Fintech reportedly is allowing lenders to close on mortgage loans faster than in the past, and, especially as the market shifts increasingly digital, all signs point to its growth in mortgage lending. Researchers have found fintech lenders tend to take on certain risks that traditional lenders do not—though, for a few reasons, this is counterintuitive—leaving fintech loans more likely to default.Conventional wisdom suggests that fintech lenders gather better-rounded, deeper insight into applicants banks might reject following a standard credit check, wrote Harvard Business School’s Rachel Layne. She continues, “Fintech lenders claim to consult additional metrics like utility bills or rent payments to identify creditworthy individuals that are overlooked by traditional lenders.” She sourced a research paper by Harvard’s Marco Di Maggio, Associate Professor of Business Administration, and Georgia State’s Vincent Yao, in which the authors compared unique individual-level data covering fintech and traditional lenders.Di Maggio expounded, “If you put [our] results into the context that most of the fintech companies assertion that they use alternative data, it’s very surprising that their borrowers are more likely to default.” Still, as Layne sums it up on Harvard’s Working Knowledge blog, data in the “Fintech Borrowers” study show that “consumers who turn to fintech lenders are more likely to spend beyond their means, sink further into debt, and ultimately default more often than people with similar credit profiles borrowing from traditional banks.”While researchers focused heavily on the personal credit market, they studied all types of loans; the authors cited mortgage market studies while, overall, tracking 3.79 million loans for 1.88 million borrowers.The researchers added a potential upside for fintech lenders: “Their borrowers tend to be loyal, take out more loans over time, and are apt to get additional credit when they need it most, such as after a job loss.”Beyond paperwork, and possibly the number of factors underwriters observe, what other differences in these two types of lending affect risk?Fintech lenders might be able to operate where the banks do not find it profitable, Di Maggio and Yao reported, citing a 2014 Chase annual report wherein the CEO told investors, “There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking. The ones you read about most are in the lending business, whereby the firms can lend to individuals and small businesses very quickly and—these entities believe—effectively by using Big Data to enhance credit underwriting. They are very good at reducing the pain points in that they can make loans in minutes, which might take banks weeks.”Researchers turned to their main results and examined whether fintech loans exhibit different performance than loans granted by traditional institutions in the 15 months following origination.”We find that fintech loans are significantly more likely to be in default…The results are also economically meaningful, they wrote. “In fact, we find that the fintech loans exhibit a 1.1% higher default probability, which is large compared to the sample mean of 1.4%. In addition, the relative underperformance persists for our entire time window starting in month five after origination.”The researchers presented data that they say backs up the idea that borrowers turning to fintech might be disposed to consume or spend more than they can afford (which leads to increased debt and ultimately, default).”The evidence points out that the increased ease and speed with which borrowers can have access to credit is particularly appealing to certain households who tend to use these funds, in conjunction with other forms of credit, to sustain their consumption, which ultimately makes them more financially vulnerable,” the authors said. “These results might also inform the debate about the need to provide clearer guidelines and regulatory scrutiny for those new institutions operating in this market. In the same way in which the Dodd-Frank Act induced banks to be more concerned about the borrowers’ ability to repay, a similar intervention in this unsecured lending market might reduce the negative consequences of granting loans to borrowers who are bound to default…”The researchers look further at history and policy to anticipate problems their findings would present and possible solutions.They added that one significant challenge for policy makers is that, “Curbing the credit provided by fintech lenders could negatively impact the most credit-constrained borrowers.”However, they continue, “in the same spirit as regulators introduced the ‘ability to repay’ rules for mortgage products in the aftermath of the subprime crisis, one dimension of interest for regulators might be the need for fintech lenders to more closely monitor the borrowers’ ability to service their unsecured debt and the way these additional funds are actually used by the borrowers.”The 27-page paper published in September can be found here, or visit Harvard’s Working Knowledge blog here. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Fintech Vs. Traditional Lending Riskslast_img read more

PSNI warn of increase in scam calls

first_img Pinterest PSNI warn of increase in scam calls Pinterest DL Debate – 24/05/21 Harps come back to win in Waterford Google+ RELATED ARTICLESMORE FROM AUTHOR Journey home will be easier – Paul Hegarty A senior PSNI officer is warning the public to be on their guard following a number of reports of scams in the Strabane and Derry areas.In one case the scammer phoned a woman and claimed to be from her internet provider, telling her that someone had hacked her account.The woman believing the call was genuine provided her bank card details, resulting in a sum of money being taken from her accountIn another example, a man received calls claiming that money had been taken from his credit card without his approval. Luckily he recognised this as a scam and hung up on the caller.Two e-mail scams were also reported.Chief Inspector Bob Blemmings says that scammers will go to great lengths to trick people and take advantage of their vulnerability and good faith.Inspector Blemmings is urging people to never disclose their bank details to anyone over the phone or on e-mail, no matter how convincing they may sound.Anyone concerned or anyone who may have received a call of this kind are being urged report it to Action Fraud or call police on the non-emergency number 101. News, Sport and Obituaries on Monday May 24th Twitter Homepage BannerNewscenter_img WhatsApp Previous articleGovernment must intensify Brexit planning – CarthyNext articleMan believed to be from Donegal arrested at Sydney Airport News Highland Twitter Facebook By News Highland – July 30, 2019 Google+ Arranmore progress and potential flagged as population grows Facebook Important message for people attending LUH’s INR clinic WhatsApplast_img read more

Officials show off stolen ruby slippers from ‘Wizard of Oz’ found after 13 years

first_imgABC News(NEW YORK) — Ruby slippers worn in the classic 1939 film “The Wizard of Oz” and stolen 13 years ago in Minnesota were found this summer, authorities said, as they revealed the sparkly, newly-recovered shoes at a news conference Tuesday.The iconic ruby red slippers — custom-made for Judy Garland, the film’s legendary star — were stolen from the Judy Garland Museum in Grand Rapids, Minnesota, in 2005, FBI officials said.After years of interviews, theories and searches, the shoes were seized this July in a sting operation in Minneapolis, the FBI said.Suspects have been identified and search warrants have been executed in Minnesota and Florida, the FBI said. Prosecutors will press charges if appropriate, U.S. Attorney for the District of North Dakota, Christopher Myers said at Tuesday’s news conference.The FBI said it’s asking the public to help identify those “associated with the initial theft and the more recent scheme to defraud and extort the Markel Corporation, the owner of the slippers.”Details surrounding the alleged extortion plot were not immediately clear, but the FBI said in a statement that when the plot surfaced in 2017, the Grand Rapids Police requested assistance from the FBI.The slippers are estimated to be valued in the millions of dollars, the FBI said.That pair was one of several custom-made for the role of Dorothy in the film.At least two of the existing pairs are owned by private collectors, including a pair jointly acquired by Leonardo DiCaprio and Steven Spielberg for display at the Academy Museum of Motion Pictures.Copyright © 2018, ABC Radio. All rights reserved.last_img read more