DCF

CSG Government Solutions Selected for Project Management Office Services on the Connecticut Comprehensive Child Welfare System Project

Retrieved on: 
Friday, October 21, 2022

CHICAGO, Oct. 21, 2022 /PRNewswire-PRWeb/ -- CSG Government Solutions, a national leader in government program modernization, today announced that it has been selected to provide Project Management Office and Organizational Change Management services for the Connecticut Department of Children and Families' (DCF) Comprehensive Child Welfare Information System (CCWIS) implementation.

Key Points: 
  • CSG Government Solutions, a national leader in government program modernization, today announced that it has been selected to provide Project Management Office and Organizational Change Management services for the Connecticut Department of Children and Families' (DCF) Comprehensive Child Welfare Information System (CCWIS) implementation.
  • CHICAGO, Oct. 21, 2022 /PRNewswire-PRWeb/ -- CSG Government Solutions, a national leader in government program modernization, today announced that it has been selected to provide Project Management Office and Organizational Change Management services for the Connecticut Department of Children and Families' (DCF) Comprehensive Child Welfare Information System (CCWIS) implementation.
  • CSG is also providing organizational change management services to support DCF staff in their transition to the new system.
  • "CSG is proud to partner with Connecticut in this important system modernization effort," says Tim Lenning, Director of CSG's Child Welfare Practice.

Sunshine Health Mobilizes Community Resources to Support Those Impacted by Hurricane Ian

Retrieved on: 
Thursday, October 6, 2022

FORT LAUDERDALE, Fla., Oct. 6, 2022 /PRNewswire/ -- Sunshine Health is committed to helping Floridians impacted by the devastating effects of Hurricane Ian.

Key Points: 
  • FORT LAUDERDALE, Fla., Oct. 6, 2022 /PRNewswire/ -- Sunshine Health is committed to helping Floridians impacted by the devastating effects of Hurricane Ian.
  • Family Resource Support Center sites are serving as a central hub for people impacted by Hurricane Ian to have access to Hope Navigators, behavioral health specialists and public benefit eligibility specialists.
  • Finally, Sunshine Health Community Resource Database offers anyone in need not just members connections with local programs for support.
  • Offering coordinated care and a network of support for our members, Sunshine Health is transforming the health of the community, one person at a time.

Kendrion (KENDR): CMD confirms strategic direction and targets

Retrieved on: 
Tuesday, October 4, 2022

At its capital markets day on 8 September, Kendrion reiterated its financial targets for 2025 (originally set in September 2020) and confirmed its strategic direction.

Key Points: 
  • At its capital markets day on 8 September, Kendrion reiterated its financial targets for 2025 (originally set in September 2020) and confirmed its strategic direction.
  • The long-term growth outlook for Kendrion remains strong, based on the favourable trends of electrification and green energy.
  • Kendrion is valued at a 2022e EV/EBITDA of 6.4x and a P/E of 9.4x.
  • Kendrion is trading at a discount to peers of 17% on 2022e EV/EBITDA, which could diminish over time as the company demonstrates accelerating growth and higher profitability.

Enviva Reports Minimal Impact from Hurricane Ian, Provides Details on 3Q and 4Q 2022 Expectations, and Updates 2022 Guidance

Retrieved on: 
Monday, October 3, 2022

Adjusted EBITDA guidance expectations for full-year 2022 have been narrowed as a result of increased visibility regarding production levels, sales prices, and shipping schedules.

Key Points: 
  • Adjusted EBITDA guidance expectations for full-year 2022 have been narrowed as a result of increased visibility regarding production levels, sales prices, and shipping schedules.
  • DCF guidance expectations for full-year 2022 have been narrowed to account for increased visibility regarding adjusted EBITDA, and higher interest rate impacts.
  • For full-year 2022, dividend expectations of $3.62 per share represent an increase of approximately 10% over 2021.
  • Our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.

Enbridge Enhances North American Renewables Business with Acquisition of Tri Global Energy

Retrieved on: 
Thursday, September 29, 2022

"TGE will enhance Enbridge's renewable platform and accelerate our North American growth strategy," said Al Monaco, Enbridge's President and Chief Executive Officer.

Key Points: 
  • "TGE will enhance Enbridge's renewable platform and accelerate our North American growth strategy," said Al Monaco, Enbridge's President and Chief Executive Officer.
  • We're excited to be welcoming the TGE team to Enbridge, further strengthening our capabilities as we ramp up our renewable business."
  • Enbridge expects North American renewable power fundamentals to remain robust.
  • Tri Global Energy is among America's top utility-scale renewable energy developers.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

Retrieved on: 
Wednesday, September 28, 2022

On September 28, 2022, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on October 27, 2022 to shareholders of record at the close of business on October 13, 2022.

Key Points: 
  • On September 28, 2022, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on October 27, 2022 to shareholders of record at the close of business on October 13, 2022.
  • The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is a division of BNY Mellon, which has $43 trillion in assets under custody and/or administration as of June 30, 2022.

Mytilineos (MYTIL): Profiting from energy transition

Retrieved on: 
Tuesday, September 20, 2022

Mytilineos is well placed to benefit from several energy transition-related themes.

Key Points: 
  • Mytilineos is well placed to benefit from several energy transition-related themes.
  • We estimate the share of earnings (EBITDA) derived from energy transition activities will increase from 26% in 2021 to 57% in 2025 (and 60% from 2026), which will help drive a four-year group EPS CAGR of 18%, with Mytilineos continuing to achieve superior returns (c 14% ROCE).
  • It is well funded to support its investment in the energy transition, with financial flexibility of c 1.5bn augmented by strong operating cash flow in all business areas.
  • Our per-share valuation of 27.0 (c 85% above the current share price) is based on a 10-year discounted cash flow (DCF) methodology, which better reflects Mytilineoss growth prospects under the energy transition.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. and BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announce Upcoming Portfolio Manager Changes

Retrieved on: 
Friday, September 16, 2022

BNY Mellon Investment Adviser, Inc., the investment adviser for the Funds, and Alcentra NY, LLC, the sub-adviser for the Funds, are part of BNY Mellon Investment Management.

Key Points: 
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Funds, and Alcentra NY, LLC, the sub-adviser for the Funds, are part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is one of the world's largest asset managers, with $1.9 trillion in assets under management as of June 30, 2022.
  • BNY Mellon Investment Management is a division of BNY Mellon, which has $43 trillion in assets under custody and/or administration as of June 30, 2022.
  • Various forward-looking statements in this press release relate to the acquisition by Franklin Resources, Inc. ("Franklin") of Alcentra from BNY Mellon.

Research Dynamics, Report on CPHN: Investor Day Update

Retrieved on: 
Friday, September 16, 2022

This report is published by Research Dynamics, an independent research boutique

Key Points: 
  • This report is published by Research Dynamics, an independent research boutique
    CPH hosted its investor day on 13 September 2022 where CPH highlighted its continued focus on implementing differentiation strategies in its Chemistry and Packaging division, while pursuing the cost leadership strategy in the Paper division to mitigate an unfavourable operating environment.
  • The closure of the Uetikon site has also reduced dependence on the Swiss franc in currency terms.
  • The global economy is expected to recover only gradually, with the IMF slashing 2022e and 2023e forecast to 3.6%.
  • In the short term, we thus believe ongoing inflationary headwinds and prospects of a slowdown may weigh on the companys prospects.

Loop Energy (LPEN): Initiation — Commercial orders underway

Retrieved on: 
Thursday, September 15, 2022

This is supported by a recent transformational commercial order with electric truck maker Tevva, won via a competitive tender process.

Key Points: 
  • This is supported by a recent transformational commercial order with electric truck maker Tevva, won via a competitive tender process.
  • Loop Energy is targeting disruptors and early movers in electrification of the return-to-base fleet segment of road transport, which should help it to ramp up sales and drive down costs relatively quickly.
  • Our DCF valuation for Loop Energy implies C$4.5/share at a 15% cost of capital, which is more than double the current share price.
  • About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors.