Dislocation

Chu Kong Shipping Announces 2023 Annual Results, Profit Attributable to Equity Holders of the Company Increases by 22.0% year on year to HK$114.1 Million

Retrieved on: 
Monday, March 25, 2024
Tongcheng, CKPT, Belt, Government, Sun Ferry, The Company, Oriental Pearl, Growth, MIC, Government of Hong Kong, HK4, COVID-19, ESG, Dislocation, Travel, TEU, Going Out, International airport, Lead, Transport, Seemabaddha, Tuen Mun, HKSAR, Social, Tourism, HK2, Cosmetics, Marketing

During the Year, the Group's terminal navigation logistics business progressed well, with continuous improvement in the cargoes transportation volume.

Key Points: 
  • During the Year, the Group's terminal navigation logistics business progressed well, with continuous improvement in the cargoes transportation volume.
  • Profit for the Year increased by 13.5% year-on-year to HK$122.6 million (2022: HK$108.0 million), while profit attributable to equity holders of the Company amounted to HK$114.1 million (2022: HK$93.5 million), representing an increase of 22.0% as compared to the same period last year.
  • The volume of break bulk cargoes transportation for the Year was 1,143,000 tons, representing a year-on-year significant increase of 68.6%.
  • CKTL has also successfully won the bid for a sand supply for certain phases of the Hong Kong International Airport construction project.

Smith+Nephew signs exclusive distribution agreement to provide unique NAVBIT SPRINT™ solution in Australia

Retrieved on: 
Monday, April 8, 2024
Surgeon, Orthopedic surgery, Science, Partnership, Risk, International, Dislocation, SVP, Patient, Hospital, Registry, Senior, SPRINT, SNN, Elective surgery, THA

Compact, single-use, and simple-to-use technology offers surgeons a fast, reliable navigation solution for hip arthroplasty

Key Points: 
  • Compact, single-use, and simple-to-use technology offers surgeons a fast, reliable navigation solution for hip arthroplasty
    Smith+Nephew (LSE:SN, NYSE:SNN), the global medical technology company, announced an agreement with NAVBIT to exclusively distribute the NAVBIT SPRINT™ in Australia during the recent Australian Orthopedics Association COE Meeting in Sydney.
  • This exclusive distribution builds upon the agreement Smith+Nephew announced for Japan in April 2023.
  • Lynette Walter, NAVBIT’s CEO said, “We are absolutely delighted to expand our partnership with Smith+Nephew into the Australian market.
  • Today we have higher expectations around the accuracy and precision of our surgery,” said Professor Bill Walter, Orthopaedic Surgeon and Founder of NAVBIT.

LoCorr Funds Promotes Industry Veteran to Sales Leadership Position

Retrieved on: 
Thursday, March 14, 2024
Risk, Senior, Dislocation, Perpetual Limited, Allianz Global Investors, Drug

MINNEAPOLIS, March 14, 2024 (GLOBE NEWSWIRE) -- LoCorr Funds, a leader in low-correlating alternative investments, today announced the promotion of Michael Stabile to its sales leadership team to strengthen and grow distribution efforts.

Key Points: 
  • MINNEAPOLIS, March 14, 2024 (GLOBE NEWSWIRE) -- LoCorr Funds, a leader in low-correlating alternative investments, today announced the promotion of Michael Stabile to its sales leadership team to strengthen and grow distribution efforts.
  • Additionally, he will continue distributing LoCorr’s alternative investment products in Southern California, Southern Nevada, and Hawaii.
  • Stabile joined LoCorr in early 2023 and brings nearly 20 years of experience in investment management and distribution.
  • He reports directly to Kevin Kinzie, CEO of LoCorr Funds.

JA Mitsui Leasing USA Holdings, Inc. Announces Acquisition of Oakmont Capital Services

Retrieved on: 
Thursday, April 4, 2024
Machinery, Professional Services, Manufacturing, Finance, Entrepreneurship, Dislocation, JA, DBA, OCS, JAML, Multimedia, Cryptocurrency

JA Mitsui Leasing, Ltd. (JAML) through its subsidiary, JA Mitsui Leasing USA Holdings, Inc., announced today that it has acquired a 100% interest in Oakmont Capital Holdings, LLC (DBA Oakmont Capital Services) (OCS), a leading specialty finance company that delivers broad-spectrum solutions for essential-use, small-ticket equipment.

Key Points: 
  • JA Mitsui Leasing, Ltd. (JAML) through its subsidiary, JA Mitsui Leasing USA Holdings, Inc., announced today that it has acquired a 100% interest in Oakmont Capital Holdings, LLC (DBA Oakmont Capital Services) (OCS), a leading specialty finance company that delivers broad-spectrum solutions for essential-use, small-ticket equipment.
  • View the full release here: https://www.businesswire.com/news/home/20240403413128/en/
    “We are excited to supercharge JAML’s strategic North American expansion efforts alongside this highly skilled and experienced team,” said Kiyoshi Doi, CEO of JA Mitsui Leasing USA.
  • “As a consequence of continued capital markets dislocation, the equipment finance landscape is undergoing profound changes, and the Oakmont Capital team’s deep industry expertise will enable JAML to effectively meet the extensive financing needs of U.S. companies.”
    He added, “The Oakmont platform is a natural complement to our group companies in the United States, including First Financial Equipment Leasing, Katsumi Global (DBA JA Mitsui Capital Americas), and Modern Rail Car.
  • OCS’s mission is to provide a direct and exceptional commercial equipment finance experience focusing on building relationships.​ The company will continue to use the Oakmont Capital Services brand, and there will be no changes to the current management or team.

LuxUrban Hotels Inc. Provides Preliminary Unaudited 2023 Fourth Quarter and Full Year Financial Results

Retrieved on: 
Tuesday, March 26, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Other Travel, Lodging, Vacation, Destinations, Residential Building & Real Estate, Travel, Other Professional Services, Tax, Letter, RevPAR, Growth, Exchange, Partnership, Risk, Dislocation, Accountant, Form 10-K, Audit committee, Life, Bank statement, Adjustment, MLA, City, Annual report, Superior, GAAP, Depreciation, Wyndham Hotels & Resorts, TRevPAR, Marketing, Total, Commercial property

As further discussed herein, the completion of the Company’s audit for 2023 includes additional procedures that are in process.

Key Points: 
  • As further discussed herein, the completion of the Company’s audit for 2023 includes additional procedures that are in process.
  • Accordingly, undue reliance should not be placed on the preliminary results set forth herein.
  • The management team believes these non-GAAP financial metrics are useful to investors to provide supplemental information in addition to the GAAP financial results.
  • To supplement the condensed consolidated financial statements, which are prepared in accordance with GAAP, we use EBITDA and cash net income as non-GAAP financial measures.

LuxUrban Hotels Appoints Kimberly K. Schaefer, Former CEO of Great Wolf Resorts, to Board of Directors

Retrieved on: 
Monday, March 25, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Other Travel, Lodging, Vacation, Destinations, Residential Building & Real Estate, Travel, Other Professional Services, Centerbridge Partners, Partnership, Dislocation, Acquisition, Life, City, MLA, Annual report, Entertainment, Wyndham Hotels & Resorts, Family, Marketing, Greystar Real Estate Partners, Hall, Commercial property

Ms. Schaefer was instrumental in the expansion of Great Wolf Resorts, growing the company from one cabin to 13 mega indoor waterpark resorts.

Key Points: 
  • Ms. Schaefer was instrumental in the expansion of Great Wolf Resorts, growing the company from one cabin to 13 mega indoor waterpark resorts.
  • Prior to being appointed Chief Executive Officer, Ms. Schaefer served as Chief Operating Officer/Chief Brand Officer from 2005 to 2009.
  • Ms. Schaefer has served as Chief Executive Officer and a director of Alpine Acquisition Corporation and as an Advisor to merchant bank Alpine Consolidated since 2018.
  • “Kim has spent her career building brands into premier destinations and growing businesses in a creative, structured, and forward-thinking manner.

Palladius Capital Management: The Austin-San Antonio Corridor to Become Next Megalopolis

Retrieved on: 
Wednesday, March 20, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Urban Planning, REIT, Professional Services, Building Systems, Other Construction & Property, Residential Building & Real Estate, Other Professional Services, Uncertainty, Texas State University, Growth, University, Environment, Dislocation, Metro, Senior, Housing, Investment, Corridor

During a period of prolonged uncertainty in the commercial real estate market that has forced many investment managers to the sidelines, Austin-based Palladius Capital Management (“Palladius”) has been actively acquiring assets and originating debt along the I-35 Austin-San Antonio (“ASA”) Corridor.

Key Points: 
  • During a period of prolonged uncertainty in the commercial real estate market that has forced many investment managers to the sidelines, Austin-based Palladius Capital Management (“Palladius”) has been actively acquiring assets and originating debt along the I-35 Austin-San Antonio (“ASA”) Corridor.
  • We recognized these parallels early on in the ASA Corridor and anticipate the metro will become America’s next megalopolis.
  • “We want to take advantage of discounted investment opportunities before that capital moves off the sidelines and once again runs pricing up.
  • The expanding population has led to a jump in enrollment at universities like Texas State, where Palladius acquired multiple student housing communities.

American Beacon SiM High Yield Opportunities Fund Honored by the Lipper Fund Awards

Retrieved on: 
Thursday, March 14, 2024
Asset Management, Professional Services, Finance, Fund, Sim, Dislocation, Cryptocurrency

Paul Cavazos, senior vice president and chief investment officer of American Beacon, said: “We’re pleased to be recognized by the LSEG Lipper Fund Awards.

Key Points: 
  • Paul Cavazos, senior vice president and chief investment officer of American Beacon, said: “We’re pleased to be recognized by the LSEG Lipper Fund Awards.
  • When it comes to analyzing fund performance, these awards are considered the gold standard.
  • Its sub-advisor, Strategic Income Management (SiM), is an independent and 100% employee-owned company dedicated to providing superior high-yield investment management for institutional clients.
  • Gary Pokrzywinski, CFA®, co-lead portfolio manager for the Fund and founder of SiM, said: “We are excited to celebrate this recognition of the American Beacon SiM High Yield Opportunities Fund.

LuxUrban Hotels Schedules 2023 Fourth Quarter and Full Year Financial Results and Conference Call

Retrieved on: 
Tuesday, March 12, 2024
Retail, Luxury, Lodging, Travel, Partnership, Webcast, Dislocation, Life, City, MLA, Annual report, Event, Wyndham Hotels & Resorts, Marketing, Commercial property

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, announced today it will report financial results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 26, 2024 after the close of the stock market.

Key Points: 
  • LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, announced today it will report financial results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 26, 2024 after the close of the stock market.
  • The Company will host a conference call on Wednesday, March 27, 2024 at 10:00 am Eastern Time to discuss the results.
  • Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future.
  • In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

ADM Reports Fourth Quarter Earnings and Full-Year 2023 Results; Provides 2024 Guidance

Retrieved on: 
Tuesday, March 12, 2024
Food, Beverage, Manufacturing, Environment, Retail, Food Tech, Other Science, Sustainability, Supply Chain Management, Fitness & Nutrition, Science, Technology, Other Natural Resources, Biotechnology, Agriculture, Natural Resources, Health, Chemicals, Plastics, Agritech, Growth, Webcast, Regulation, Acquisition, Form 10-K, Dislocation, ADM, GAAP, Share repurchase, Central Time, Hand, Weather, Cryptocurrency

For the fourth quarter, Other segment operating profit was $146 million, up 64% compared to the prior year period.

Key Points: 
  • For the fourth quarter, Other segment operating profit was $146 million, up 64% compared to the prior year period.
  • Unallocated corporate costs increased versus the prior year on higher global technology spend to support digital transformation efforts.
  • In a separate release issued today, ADM announced that it has substantially completed its previously announced investigation of intersegment transactions.
  • ADM will host a webcast today, March 12, 2023, at 8 a.m. Central Time to discuss financial results and provide a company update.