6ft rod fishing
The team at Goldman Sachs has been busy running the rule over some ASX 200 shares recently. Two that have received big thumbs up are listed below. Here's why they broker thinks they are buys: ( ) Goldman is a fan of this metal detector and communications-focused manufacturer and supplier of electronic solutions. It believes the ASX 200 share is a buy given the growth potential of both its Metal Detection and Communication segments. It explains: We consider Codan to be a high-quality electronics company with multiple levers available to grow both its Metal Detection and Communication segments with our Buy rating centered on: 1) Zetron benefiting from US$10-15bn in required USA government funding for NG911 with annual state expenditure accelerating; 2) Tactical Communications supported by a favourable military spending environment and general industry tailwinds; 3) Metal Detection benefiting from market share gains supported by expansion of distribution points and continued product development; and 4) Codan pursuing accretive bolt-on acquisitions, growing its product portfolio, customer base, and geographical reach in Communications. Goldman Sachs recently initiated coverage on Codan with a buy rating and $18.00 price target. ( ) Another ASX 200 share that gets a big thumbs up from analysts at Goldman Sachs is Pro Medicus. It is a leading health imaging company developing radiology information system (RIS) software and services for hospitals, diagnostic imaging groups, and other related healthcare providers. Goldman likes the company due to its industry-leading Visage platform, which has been winning some major contracts recently. The good news is that the broker believes there's plenty more to come. It said: Key reasons for our positive view: (1) We believe the adoption of Visage is a matter of when, not if, for many US healthcare institutions including academics, IDNs and smaller, independent clinics, with our Visage terminal market share expectations >30% amid increasing competition; (2) As a top 5 US IDN, we expect the Trinity contract to drive a network effect across this cohort which represent >40% of PME's core TAM; (3) We see a significant opportunity to expand customer spend, through existing products (i.e. Cardiology, AI) and new white space products (i.e. other 'ologies'). Amid an intensely competitive AI healthcare market, we believe PME stands out to succeed given its unique partnership with industry KOLs, launching four new solutions with academics at RSNA 2024; and (4) PME has a track record of delivering profitable growth with best in class margins, including >70% under the 'Rule of 40' which we believe is sustainable through the cycle. And while Goldman acknowledges that Pro Medicus shares are not cheap, the broker believes its premium valuation is justified due to its "significant long-term opportunity." The broker has a buy rating and $278.00 price target on the ASX 200 share.Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did
'Be like the rock' in 'rough' waters: Ex-FBI head gives impassioned plea amid murky futureCALGARY, Alberta, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) ("Enerflex” or the "Company”) today provided an update of a modularized cryogenic natural gas processing facility in Kurdistan (the "EH Cryo project”). As previously announced, during the second quarter of 2024, Enerflex suspended activity at the EH Cryo project, demobilized its personnel and provided its customer with notice of Force Majeure following a fatal drone attack at an adjacent facility. Due to the continuing Force Majeure and circumstances that make it impossible for Enerflex to fulfill its obligations under the EH Cryo project contract, Enerflex today provided its customer with formal notice of termination. As previously announced, Enerflex's customer has commenced arbitration proceedings against the Company, asserting certain baseless and unsubstantiated claims. Enerflex is disputing these claims and, following today's termination, Enerflex will seek to recover amounts owing in connection with the EH Cryo project. At the end of Q3/24, the net asset position associated with the EH Cryo project was $161 million. Approximately $75 million of work associated with the EH Cryo project was included in the Company's Engineered Systems ("ES”) backlog at the end of Q3/24. With the termination of the EH Cryo project, Enerflex expects to reverse this amount during the fourth quarter of 2024. The future ES revenue associated with the EH Cryo project was expected to contribute minimal gross margin. Since inception of the EH Cryo project, Enerflex has maintained a $31 million letter of credit to support its obligations under the EH Cryo project contract. Enerflex would view any drawing of this financial security in the prevailing circumstances as improper and would increase the amount owing by the customer. Any drawing of the financial security would not have a material impact on the Company's financial position or liquidity. At the end of Q3/24, Enerflex had $588 million available for future drawings, which reflects the $31 million letter of credit funded with the Company's revolving credit facility. ADVISORY REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information” within the meaning of applicable Canadian securities laws and "forward-looking statements” (and together with "forward-looking information”, "forward-looking information and statements”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking information and statements. The use of any of the words "future", "continue", "estimate", "expect", "may", "will", "could", "believe", "predict", "potential", "objective", and similar expressions, are intended to identify forward-looking information and statements. In particular, this news release includes (without limitation) forward-looking information and statements pertaining to the Company's expectations to recover amounts owing in connection with the EH Cryo project, if any; and the Company's expectations to reverse approximately $75 million included in the Company's ES backlog in the fourth quarter of 2024. All forward-looking information and statements in this news release are subject to important risks, uncertainties, and assumptions, which may affect Enerflex's operations, including, without limitation: the impact of economic conditions; the markets in which Enerflex's products and services are used; general industry conditions; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, these statements, including but not limited to those factors referred to under the heading "Risk Factors" in: (i) Enerflex's Annual Information Form for the year ended December 31, 2023, (ii) Enerflex's management's discussion and analysis for the year ended December 31, 2023, and (iii) Enerflex's Management Information Circular dated March 15, 2024, each of the foregoing documents being accessible under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively. Readers are cautioned that the foregoing list of assumptions and risk factors should not be construed as exhaustive. The forward-looking information and statements included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any forward-looking information and statements, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice. ABOUT ENERFLEX Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions - from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts. Enerflex's common shares trade on the Toronto Stock Exchange under the symbol "EFX" and on the New York Stock Exchange under the symbol "EFXT". For more information about Enerflex, visit www.enerflex.com . For investor and media enquiries, contact: Marc Rossiter President and Chief Executive Officer E-mail: [email protected] Preet S. Dhindsa Senior Vice President and Chief Financial Officer E-mail: [email protected] Jeff Fetterly Vice President, Corporate Development and Investor Relations E-mail: [email protected]Asaduddin Owaisi congratulates Mohammed Ismail Abdul Khalique on Malegaon Central win
Thousands of protesters marched through Barcelona on Saturday demanding lower rents in Spain's second city. Barcelona, which has already taken action to stop the spread of holiday rental apartments, is the latest Spanish city to see protests for cheaper housing. Backed by left-wing parties and unions, the demonstrators gathered in central Barcelona behind a giant banner declaring "Lower the rents". "Today a new political cycle starts concerning housing," Carme Arcarazo, spokesperson for the Catalan Tenants Union, the main organiser, told reporters. "Investors must not be allowed to come to our cities and play with the apartments like a game of Monopoly," she added. The union would target "profiteers" who are taking "half of our salaries", Arcarazo said. The demonstrators demanded a 50 percent cut in rents, leases with an unlimited term and a ban on "speculative" sales of buildings. They threatened to start a rent strike. An estimated 22,000 people took part in a similar demonstration in Madrid on October 13. Campaigns have been launched in other cities. According to the Idealista specialised website, rental prices per square metre have risen 82 percent across Spain over the past decade. The average salary has gone up by 17 percent in that time, according to the national statistics institute. Facing pressure over a housing crisis, the government in 2023 passed legislation calling for more social housing, greater restrictions on rents in high demand areas and penalties for owners who do not occupy properties. But rents have continued to rise while the government has battled city and regional authorities to get some parts of the law applied. vid-vab/tw/jm