Thomas Edison

Edison Investment Research Limited: Numis Corporation (NUM): Very strong results, consistent strategy

Friday, May 14, 2021 - 8:00am

b"Edison Investment Research Limited: Numis Corporation (NUM): Very strong results, consistent strategy\nNumis Corporation (NUM): Very strong results, consistent strategy\nIn addition to successfully executing a high volume of transactions for clients in the first half, Numis continues to plan investment to strengthen and broaden its capabilities to support longer-term growth through market cycles.

Key Points: 
  • b"Edison Investment Research Limited: Numis Corporation (NUM): Very strong results, consistent strategy\nNumis Corporation (NUM): Very strong results, consistent strategy\nIn addition to successfully executing a high volume of transactions for clients in the first half, Numis continues to plan investment to strengthen and broaden its capabilities to support longer-term growth through market cycles.
  • At a price to book multiple of 2.3x they trade above their 10-year average and, using an ROE/COE model, the current share price implies an assumed ROE of just below 18% (the five-year average value).
  • Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.\nEdison is not an adviser or broker-dealer and does not provide investment advice.
  • Edison's reports are not solicitations to buy or sell any securities.\nLearn more at www.edisongroup.com and connect with Edison on:\n"

AmeriLife Welcomes Bob Yates as Vice President, Distribution, Analytics and Data

Wednesday, May 12, 2021 - 3:13pm

Yates began his position with AmeriLife on April 12.\n"As AmeriLife stakes its claim as an industry leader, measuring and evaluating key analytics is a major priority that allows the company to sustain its current exceptional growth rate for the long term," said AmeriLife Chief Distribution Officer Mike Vietri.

Key Points: 
  • Yates began his position with AmeriLife on April 12.\n"As AmeriLife stakes its claim as an industry leader, measuring and evaluating key analytics is a major priority that allows the company to sustain its current exceptional growth rate for the long term," said AmeriLife Chief Distribution Officer Mike Vietri.
  • "Bob has the proven expertise and skills to set the direction for ongoing market and competitive analysis and support the efforts to make strategic business decisions.
  • Most recently, Yates held the position of vice president, Finance-Distribution, where he oversaw the strategy, planning and analytics team; managed compensation policy and commission operations for the business units; and directed real estate operations.
  • Additionally, Yates has held finance planning roles with GE Insurance, GE Financial Assurance and U.S. Can Company.\n"In recent years, AmeriLife has been on a tremendous growth trajectory with an ever-expanding market footprint," Yates said.

Con Edison's CEO Timothy Cawley To Speak At Citi 2021 Global Energy And Utilities Virtual Conference

Tuesday, May 11, 2021 - 6:55pm

b"NEW YORK, May 11, 2021 /PRNewswire/ -- Timothy Cawley, chief executive officer of Consolidated Edison, Inc. (NYSE: ED), will participate in the Citi 2021 Global Energy & Utilities Virtual Conference on Wednesday, May 12 at 8:40 a.m. (Eastern Daylight Time).\nConsolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $62 billion in assets.

Key Points: 
  • b"NEW YORK, May 11, 2021 /PRNewswire/ -- Timothy Cawley, chief executive officer of Consolidated Edison, Inc. (NYSE: ED), will participate in the Citi 2021 Global Energy & Utilities Virtual Conference on Wednesday, May 12 at 8:40 a.m. (Eastern Daylight Time).\nConsolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $62 billion in assets.
  • The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., the second-largest solar developer in the United States and the seventh-largest worldwide, which, through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company's effort to transition to clean, renewable energy.
  • Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.\n"

Potomac Edison Receives Approval for Two Battery Energy Storage Projects

Tuesday, May 11, 2021 - 6:30pm

b'WILLIAMSPORT, Md., May 11, 2021 /PRNewswire/ --Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has received approval from the Maryland Public Service Commission for two battery energy storage projects in Allegany and Frederick counties, the latter of which will be paired with a new electric vehicle (EV) fast-charging station.\nPotomac Edison proposed the two projects in response to the state\'s Energy Storage Pilot Program, which was established in 2019 to examine new technologies that could have a transformative impact on electric distribution systems.

Key Points: 
  • b'WILLIAMSPORT, Md., May 11, 2021 /PRNewswire/ --Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has received approval from the Maryland Public Service Commission for two battery energy storage projects in Allegany and Frederick counties, the latter of which will be paired with a new electric vehicle (EV) fast-charging station.\nPotomac Edison proposed the two projects in response to the state\'s Energy Storage Pilot Program, which was established in 2019 to examine new technologies that could have a transformative impact on electric distribution systems.
  • The project will be adjacent to a new Potomac Edison electric vehicle (EV) fast-charging station at the Park and Ride Lot, located near the Interstate 270 and Route 80 interchange, and will bundle battery energy storage with EV charging.\nOwned and operated by Potomac Edison, the $1.1 million system will include a 500-kilowatt battery that provides uninterruptable electric vehicle charging and reduces the load drawn from the grid by the charging station during peak demand times.
  • Because fast-charging stations create significant demand on electric distribution grids, the bundling of the storage system with a fast charger will allow Potomac Edison to study how energy storage can help minimize the impact of such demand spikes on its distribution network.\nIn the event of an outage, the Urbana fast-charging station will be able to run off of battery-supplied energy.
  • Follow Potomac Edison at www.potomacedison.com , on Twitter @PotomacEdison , and on Facebook at www.facebook.com/PotomacEdison .\nFirstEnergy is dedicated to integrity, safety, reliability and operational excellence.

USAFacts Coronavirus Tracking Hub Earns a Gold Media in Edison Awards and an Honorable Mention in Fast Company’s World Changing Ideas Competition

Monday, May 10, 2021 - 7:29pm

It also won an honorable mention in the Pandemic Response category of this year\xe2\x80\x99s Fast Company World Changing Ideas competition.

Key Points: 
  • It also won an honorable mention in the Pandemic Response category of this year\xe2\x80\x99s Fast Company World Changing Ideas competition.
  • The award-winning work by USAFacts is a prime example.\xe2\x80\x9d\n\xe2\x80\x9cThere is no question our society and planet are facing deeply troubling times.
  • The awards are named after Thomas Alva Edison (1847-1931) whose inventions, new product development methods, and innovative achievements changed the world.
  • A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact.

Edison Investment Research Limited: Target Healthcare REIT (THRL): Consistent positive returns with social impact

Monday, May 10, 2021 - 8:00am

b"Target Healthcare REIT has delivered consistently positive returns since IPO in 2013 and this has continued through the pandemic.

Key Points: 
  • b"Target Healthcare REIT has delivered consistently positive returns since IPO in 2013 and this has continued through the pandemic.
  • Q321 EPRA NAV increased 0.8% to 109.1p and including DPS paid the NAV total return was 2.4%.
  • This supports a premium to NAV, which at 1.09x (Q321 NAV) is in line with the average since IPO but below the 1.19x peak.
  • Edison's reports are not solicitations to buy or sell any securities.\nLearn more at www.edisongroup.com and connect with Edison on:\n"

Phillips Edison & Company to Host Webinar Presentation for Existing Stockholders Discussing Potential Listing and Liquidity Plan

Friday, May 7, 2021 - 10:53pm

This presentation will be held in place of the previously announced Q1 2021 results presentation, which has been rescheduled.

Key Points: 
  • This presentation will be held in place of the previously announced Q1 2021 results presentation, which has been rescheduled.
  • The dial-in and webcast link are unchanged.\nInterested parties will be able to access the conference call via online webcast or by telephone.
  • Participants should ask to join the Phillips Edison & Company call.\nPhillips Edison & Company, Inc., an internally-managed REIT, is one of the nation\xe2\x80\x99s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers.
  • You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission\xe2\x80\x99s website at www.sec.gov .

Phillips Edison & Company Reschedules First Quarter 2021 Results Presentation

Friday, May 7, 2021 - 10:15pm

The press release can be accessed here: https://investors.phillipsedison.com/investors/press-releases/news-detai...\nChairman and Chief Executive Officer Jeff Edison, President Devin Murphy, and Chief Financial Officer John Caulfield will host the conference call presentation.

Key Points: 
  • The press release can be accessed here: https://investors.phillipsedison.com/investors/press-releases/news-detai...\nChairman and Chief Executive Officer Jeff Edison, President Devin Murphy, and Chief Financial Officer John Caulfield will host the conference call presentation.
  • Participants should ask to join the Phillips Edison & Company call.\nPhillips Edison & Company, Inc. (\xe2\x80\x9cPECO\xe2\x80\x9d), an internally-managed REIT, is one of the nation\xe2\x80\x99s largest owners and operators of grocery-anchored shopping centers.
  • PECO has generated strong operating results over its 30+ year history and has partnered with leading institutional commercial real estate investors including TPG Real Estate and The Northwestern Mutual Life Insurance Company.
  • The Company remains exclusively focused on creating great grocery-anchored shopping experiences and improving the communities it serves one center at a time.

Cimbria Capital Announces Matt Boczkowski as Operating Partner

Wednesday, May 5, 2021 - 2:30pm

He joined SUEZ in 2011, formerly GE Water, through its prestigious experienced commercial leadership program working with top executives at General Electric globally.\nMr.

Key Points: 
  • He joined SUEZ in 2011, formerly GE Water, through its prestigious experienced commercial leadership program working with top executives at General Electric globally.\nMr.
  • Boczkowski is a respected executive in water with unique knowledge of how multinationals adopt innovation and build new markets.
  • "I\'m honored to join Cimbria because the team possesses the initiative, discipline, and processes that optimize businesses scaling in the value chain of water.
  • "\nAbout Cimbria Capital: Cimbria Capital is a private equity investment firm based in United States and Denmark conducting growth and expansion capital investments in the Water Economy in North America and the Nordics.\nIf you\'d like to learn more about Cimbria, please contact ns@cimbriacapital.com or visit www.cimbriacapital.com\n'

ProCredit Holding (PCZ): Well-positioned for further loan book expansion

Wednesday, May 5, 2021 - 8:01am

We believe the bank is well-positioned to continue growing its loan book by c 10% pa, in line with its target.

Key Points: 
  • We believe the bank is well-positioned to continue growing its loan book by c 10% pa, in line with its target.
  • Gradually declining loss allowances, and fee and commission income rebounding to pre-COVID-19 levels should help PCB reach its mid-term ROE target of 10%, which we model in FY23.\nWe have valued PCB's shares using a P/BV-ROE approach.
  • Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.\nEdison is not an adviser or broker-dealer and does not provide investment advice.
  • Edison's reports are not solicitations to buy or sell any securities.\nLearn more at www.edisongroup.com and connect with Edison on:\n"