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s The God of Small Things completely changed the outlook of members towards Indian authors. and even baby birds. But actors Ranbir Kapoor and Kareena Kapoor, Related News Zaira Wasim received rave reviews and a National Award for her performance in her debut film ‘Dangal’, Senior BJP leader Dr Nirmal Singh is deputy chief minister in the coalition government. shine brightly enough to be seen across the universe, The EHT is an effort to harness together existing radio telescopes scattered across the globe and use them as one giant instrument.” an SBI official says.” said an EC official. after Shakti Mill compound incident (rape of a woman journalist).

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NetEnt profit declines in 2019 despite Red Tiger acquisition

first_imgCasino & games Tags: Online Gambling Slot Machines Stockholm-listed casino game developer NetEnt’s revenue increased slightly year-on-year to SEK1.79bn (£143.3m/€170.4m/$186.1m) in 2019 as the company’s acquisiton of Red Tiger Games helped offset “weakness” in Sweden and Norway, but the supplier’s profit declined.The supplier’s SEK1.79bn in revenue was made up almost entirely of royalties, which came to SEK1.71bn, down 1.0% year-on-year. Setup fees brought in a further SEK56.2m in revenue, up 10.2%, and other revenues increased almost seven-fold to SEK26.2m.The supplier’s chief executive, Therese Hillman, said that revenue grew in the United States but declined in Sweden and Norway.Red Tiger, which was acquired by NetEnt in September 2019, contributed SEK 126m in revenue.“Since the acquisition, Red Tiger has exceeded our expectations and now forms a vital part of our ongoing improvement efforts within the NetEnt Group,” Hillman said.NetEnt’s operating expenses also increased, however, by 7.1% to SEK1.26bn. Personnel expenses declined 8.4% to SEK491.1m but remained NetEnt’s largest expense. Other operating expenses rose 3.9% to SEK446.7m.Depreciation and amortisation costs, also counted as operating costs in NetEnt’s earnings report, increased 51.8% to SEK326.5m, leaving an operating profit of SEK528.7m, down 12.0%.Red Tiger’s financial income came to SEK 73.0m, up 17.4%. However, this was outweighed by financial expenses, which more than tripled to SEK128.5m, resulting in pre-tax profit declining 24.1% to SEK472.1m.After tax, which came to SEK44.3m, NetEnt recorded a full-year profit of SEK428.9m, down 25.7%. After exchange rate differences, primarily from a weaker Swedish Krona compared to the British Pound, NetEnt’s total income for the period attributable to shareholders came to SEK566.9m, down 3.1%.For the fourth quarter of 2019, NetEnt’s revenue came to SEK512.0m, the highest quarter ever for the company and up 10.0% year-on-year.Geographically, Great Britain contributed to 19% of NetEnt’s game win (player bets minus wins), from which royalty fees are calculated, while Sweden contributed 7%. Other Nordic countries brought in 13% of NetEnt’s game win, other non-Nordic European countries 44% and the rest of the world 19%.Slot games made up 94% of game win and table games 6%. Although NetEnt did not disclose its total game win, Hilman said the figure increased 4.9% in euro currency terms.NetEnt did not break down game win by region or type of game for the full year.Operating expenses came to SEK351.4m, also up 10.0%. This was made up of SEK122.2m in personnel costs, SEK100.7 in depreciation and amortisation costs and SEK128.5m in other operating expenses.This resulted in an operating profit of SEK160.6m, up 9.8%. However, after a net financial loss of SEK33.6m, pre-tax profit came to SEK127.0m and overall profit to SEK112.6m, down 10.2% year-on-year.Hillman said the Red Tiger acquisition ensured NetEnt is well-primed for 2020.“Backed by our ongoing focus on efficiency and the acquisition of Red Tiger, we are entering the new year in a stronger position,” Hillman said. “Our global distribution and two strong brands give us the right basis to increase our market shares in online casino. We see good conditions for NetEnt to deliver growth in 2020, supported by our combined game portfolio and Live Casino.” 12th February 2020 | By Daniel O’Boyle Stockholm-listed casino game developer NetEnt’s revenue increased slightly year-on-year to SEK1.79bn in 2019 as the company’s acquisiton of Red Tiger Games helped offset “weakness” in Sweden and Norway, but the supplier’s profit declined. Topics: Casino & games Finance Slots Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter NetEnt profit declines in 2019 despite Red Tiger acquisition Email Address Regions: Europe Nordics Swedenlast_img

I never thought I’d say this about the Lloyds share price, but I’d buy it today!

first_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. Cliff D’Arcy | Monday, 15th June, 2020 | More on: LLOY Enter Your Email Address See all posts by Cliff D’Arcy “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares 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. Simply click below to discover how you can take advantage of this.center_img 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. Image source: Getty Images. Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I never thought I’d say this about the Lloyds share price, but I’d buy it today! Not in a million years did I think I would be writing this article. I can’t remember the last time I considered Lloyds Banking Group (LSE: LLOY) as a viable investment. It’s at least four years. Yet today I argue that the Lloyds share price is so low that it’s in the bargain bin.I damaged the Lloyds share priceI played a part in the collapse of Lloyds. I worked in the PPI (payment protection insurance) industry from 1991 to 2002. After leaving, I waged war on PPI from 2003 until the claims deadline on 29 August 2019.5G 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…I was a whistleblower, revealing in hundreds of articles, interviews and broadcasts how problematic PPI was. In 2006, the Office of Fair Trading referred the PPI market to the Competition Commission for investigation. I wrote a lengthy exposé to the Commission, earning me the industry nickname of “The guy who killed PPI”.In the UK’s biggest mis-selling scandal, Lloyds paid out £22bn in PPI compensation, out of a total exceeding £53bn. Ouch!It’s not easy being a bankThe PPI mis-selling scandal and the global financial crisis of 2008/09 that nearly killed Lloyds are ancient history. But the bank faces other difficulties that hurt the Lloyds share price and its profitability.For example, the old rule of retail banking was the ‘3:6:3 rule’. Pay savers 3% yearly interest, charge mortgage borrowers 6% a year and pay golf at 3pm. However, in this age of zero and negative interest rates, lending margins have been destroyed. No more 3% NIMs (net interest margins) for UK banks. Also, coronavirus losses will absolutely annihilate banking profits.Lloyds share price has performed terriblyAny idea how badly the Lloyds share price has done in recent years? Check out this lengthy litany of large losses:Six months: -50.4%One year: -44.9%Two years: -49.5%Three years: -53.8%Five years: -63.4%Owning Lloyds has been disastrous, with the share price halving or worse over four of these five periods. Six months ago, the Lloyds share price hit its 2019/20 high of 73.7p and crashed to a 12-month low of 27.1p on 14 May.Isn’t it time to buy Lloyds?I’ll get to the point: Lloyds has been a dog with fleas since 2007, but how low can it go? Every dog has its day and there must come a time when the Lloyds share price has its day in the sun. Without Covid-19, Lloyds could have enjoyed a wildly profitable 2020, but we’ll never know.I regard today’s Lloyds share price of 31.3p as an option on the bank’s future. There is no dividend and Coronavirus will wipe out earnings in 2020/21. Still, for the price of a packet of crisps, you gain part-ownership of a £22.6bn business.Lloyds is #1 in UK retail banking by a long, long way. It and a supportive Conservative government should make banking profitable again. Otherwise, we may as well all pack up and go home, because capitalism will be dead. The Lloyds share price is depressed today, but it won’t be forever. I’d buy.last_img

Selling domain names for charity

first_img 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 GoodJobs.org.uk. Researching massive growth in giving. Selling domain names for charity Howard Lake | 20 April 2001 | News Charitydomains.co.uk is a non-profit making organisation donates at least £1 to charity for each domain name it sells. Charitydomains.co.uk is a non-profit making organisation donates at least £1 to charity for each domain name it sells. The site itself uses the domain name registration services of domain name services company Easily.co.uk. The beneficiary cause is Willow Bank Pre-school.Visit Charitydomains. Read UK Fundraising’s coverage of charity domain name issues. Advertisementcenter_img  8 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img

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