5 cheap FTSE shares I’d buy in this market crash

first_img£41m G A Chester | Wednesday, 13th May, 2020 £1,176m 870p National Express said last week: “Even in this unprecedented lockdown, the group continues to generate positive EBITDA and cash flow.”The equity placing adds to the company’s existing cash and undrawn borrowing facilities, providing additional security for near-term resilience. But also flexibility to invest for the future when the Covid-19 crisis recedes. Indeed, management told us: “We are already seeing a number of growth opportunities as existing and potential new customers seek a financially secure and reliable operating partner.”National Express’s share placing diluted existing shareholders by just under 20%, but the shares are currently trading 56% below their pre-crisis high. As such, I think they offer great value today.2 travel-related bargainsSSP is a leading operator of food and beverage concessions in travel locations worldwide, including airports, train stations and motorway service stations. WH Smith also has substantial exposure to such locations. Both companies reckon their recent equity placings and increased debt facilities provide them with, in the words of SSP, “a really strong position to manage through this crisis”.Both firms are assuming an almost total shutdown of the travel market for the whole of the second half of their financial years (ending 31 August, for WH Smith, and 30 September, for SSP). They also assume only a gradual improvement in trading thereafter.WH Smith’s share placing diluted existing shareholders by 13.7%, and SSP’s by 19.3%. Yet their shares are trading at discounts of 66% and 68% to their pre-crisis highs. These are great opportunities for investors, in my view.2 more cheap FTSE sharesValue-for-money pubs group JD Wetherspoon and low-cost, no-contract gyms operator Gym Group are currently completely shut for business. How long could they last in the event of a continuing total closure of their estates?After recent equity placings and securing increased debt facilities, Wetherspoon and Gym told us they have sufficient liquidity “until the end of November” and “for the remainder of 2020” respectively. A total lockdown of their businesses for that long strikes me as highly unlikely, with potential reopenings of some sites as early as July.Wetherspoon’s share placing diluted existing shareholders by 15%, and Gym’s by 19.9%. Their shares are trading at discounts of 50% and 58%, respectively, to their pre-crisis highs. As such, these are two more cheap FTSE shares I think are great buys at current levels. Placing price Current price Enter Your Email Address £216m £235m JD Wetherspoon £221m £1,290m 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. 230p Image source: Getty Images Gym Group Cheap FTSE shares abound in this market crash! Many will ultimately recover and go from strength to strength. However, some may never regain their former highs. And some may even go to zero.The five companies I’m looking at today have several things in common. They’re excellent businesses, in my opinion, with good long-term growth prospects. But I also reckon they have the financial strength for near-term survival. All five have raised new equity in recent weeks, well supported by institutional investors. Furthermore, you can buy their shares today at discounts to the prices those institutional investors paid.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…5 cheap FTSE sharesThe five cheap FTSE shares I’d buy today are National Express, SSP, WH Smith, JD Wetherspoon, and Gym Group. The table below shows some details of their equity fundraisings, and their current share prices and market capitalisations. 1,050p Amount raised 230p Market cap £141mcenter_img £166m 5 cheap FTSE shares I’d buy in this market crash 900p 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. £1,228m 150p 899p National Express See all posts by G A Chester 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. WH Smith “This Stock Could Be Like Buying Amazon in 1997” G A Chester has no position in any of the shares mentioned. The Motley Fool UK owns shares of SSP Group. The Motley Fool UK has recommended The Gym Group and WH Smith. 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. Simply click below to discover how you can take advantage of this. 210p Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 133p 250p Our 6 ‘Best Buys Now’ Shares SSP £1,047mlast_img read more

Diocese of New York establishes reparations fund, adopts anti-slavery resolutions…

first_img Rector (FT or PT) Indian River, MI Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Submit a Job Listing Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Pittsburgh, PA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Featured Jobs & Calls Rector Belleville, IL The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Smithfield, NC Wayne Kempton, archivist and historiographer for the Diocese of New York, displays the journal of the 1860 diocesan convention. Photo: Diocese of New York[Episcopal News Service] At its annual convention on Nov. 8 and 9, the Diocese of New York established a task force to examine how it can make meaningful reparations for its participation in the slave trade and committed $1.1 million from its endowment to fund the efforts the task force recommends.It also passed four resolutions condemning slavery, which had first been introduced by John Clarkson Jay – grandson of founding father John Jay, governor of New York and first chief justice of the Supreme Court – in 1860. At the time, the resolutions were met with fierce opposition from the clergy and laity, many of whom were still profiting from the slave trade, and they had been tabled indefinitely until now, according to the diocese.New York Bishop Andrew M.L. Dietsche has made racial reconciliation a priority in his diocese, which designated 2017-18 a Year of Lamentations, 2018-19 a Year of Repentance/Apology and 2019-20 a Year of Reparation.“The legacy, the shadow, of white supremacy which flows from our slave past and continues to poison the common life of the American people … continues to impose extraordinary burdens, costs, hardships and degradation upon people of African descent in our country,” Dietsche said in his address to the convention. “The Diocese of New York played a significant, and genuinely evil, part in American slavery, so we must make, where we can, repair.”Dietsche noted in his address that in the 18th century, a high proportion of New Yorkers were slave owners, and according to diocesan records, some churches owned slaves as parish servants or “property assets.”“We have a great deal to answer for,” Dietsche said. “We are complicit.”At the 1860 convention, Jay, an ardent abolitionist, introduced four resolutions urging the leadership and laity of the diocese to publicly renounce and oppose slavery and slave trading. Importing slaves had been illegal in the United States since 1808, and the last remaining slaves in New York were freed in 1827. However, the Port of New York was still considered “the largest slave market in the world” as late as 1859, being the home port for ships that sailed across the Atlantic to abduct Africans and generate profits for New York merchants.Jay wanted his diocese to take a firm stand against the human trafficking that continued “in violation of the statutes of the Republics, of the teachings of the Church, of the rights of man, and the laws of God.”The reaction?“Enough people rose and left the floor of the convention to deny the action even the possibility of a quorum,” Dietsche said.Diane Pollard of the diocesan Reparations Committee said it was decided to bring back the resolutions at this convention in part because “it is so painful” to have them still sitting on the table, an unfinished chapter of an ugly history.“It is painful to people who have family that were slaves,” Pollard said in a video produced by the diocese about the resolutions.Dietsche referred to the passing of the resolutions as “the fruit of the Year of Apology” but noted that “there is a third and final chapter to this movement, which begins now with this convention, and that is the Year of Reparation.”In his address, Dietsche called for a previously unannounced resolution “to set aside $1.1 million from the diocesan endowment for the purpose of reparations for slavery.”Citing Virginia Theological Seminary and Princeton Theological Seminary as examples – VTS pledged 1.1 percent of its endowment and Princeton 2.25 percent – Dietsche considered 2.5 percent of the diocesan endowment an appropriate amount, which came to $1.1 million.“Much smaller, and the resources for significant reparation would be insufficient; much larger, and it might not be something we could do,” Dietsche said. “When I ask that we remove this much money from our modest endowment, I know that this is not a small thing. However, I am sure that any honest process of reparation must require sacrifice and a commitment, not only from our surplus but from our seed corn.”The resolution included the creation of a task force that will determine how best to structure the reparations effort and make recommendations at the next diocesan convention. Dietsche emphasized that the effort is about more than simply spending money, but he brought up several specific possibilities.“This money could produce five $10,000 college or seminary scholarships every year in perpetuity,” Dietsche said. “This money could establish and fund an education and advocacy library and resource center in this diocese dedicated to racial justice and reconciliation. This money could support a first-step program in this diocese to invite, nurture and prepare black young people, and men and women, to explore the possibility of ordained ministry. $1.1 million isn’t so much money, but it’s not nothing either, and I look forward with anticipation to the creative possibilities that might come from this initiative.”– Egan Millard is an assistant editor and reporter for the Episcopal News Service. He can be reached at [email protected] Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Shreveport, LA Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Curate (Associate & Priest-in-Charge) Traverse City, MI Priest Associate or Director of Adult Ministries Greenville, SC The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Associate Rector for Family Ministries Anchorage, AK Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Submit a Press Release Tags AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Diocese of New York establishes reparations fund, adopts anti-slavery resolutions from 1860 Associate Rector Columbus, GA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Family Ministry Coordinator Baton Rouge, LA Rector Bath, NC Youth Minister Lorton, VA Assistant/Associate Priest Scottsdale, AZ Rector Knoxville, TN Rector/Priest in Charge (PT) Lisbon, ME Director of Music Morristown, NJ Press Release Service Rector and Chaplain Eugene, OR Rector Albany, NY Course Director Jerusalem, Israel Rector Martinsville, VA Bishop Diocesan Springfield, IL Racial Justice & Reconciliation Associate Priest for Pastoral Care New York, NY Featured Events Canon for Family Ministry Jackson, MS Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Priest-in-Charge Lebanon, OH New Berrigan Book With Episcopal Roots Cascade Books Missioner for Disaster Resilience Sacramento, CA Cathedral Dean Boise, ID Rector Washington, DC Assistant/Associate Rector Morristown, NJ Rector Collierville, TN Assistant/Associate Rector Washington, DC Rector Hopkinsville, KY Curate Diocese of Nebraska In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Director of Administration & Finance Atlanta, GA Submit an Event Listing By Egan MillardPosted Nov 12, 2019 Rector Tampa, FLlast_img read more

Environment Minister orders council to abandon new windfarm regulations

first_img Main Evening News, Sport and Obituaries Tuesday May 25th Facebook Google+ Pinterest WhatsApp Facebook By News Highland – October 9, 2014 Further drop in people receiving PUP in Donegal WhatsApp News Twitter RELATED ARTICLESMORE FROM AUTHORcenter_img Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleMcHugh & Bonner will not be going for Donegal jobNext articleGAA Programme catch up – listen back to Wednesday’s show News Highland Environment Minister Alan Kelly has issued a directive overturning a decision by Donegal County Council to impose new conditions on wind-farm developments.At the end of June, members voted to vary the County Development Plan in favour of restricting windfarms.They voted 18-11, to create a set back distance ten times the tip height of the turbines from residential properties and other population centres. Measures to protect the pearl mussel were also included in the development plan.Another consultation on the minister’s observations took place in August, and he has now issued a detailed directive overturning the Councils decision.The Glenties Windfarm Information Group will meet in the coming days to assess the directive and consider whether or not a court challenge would be viable.Spokesperson Ernan O’Donnell says it appears Minister Kelly is more interested in pursuing national guidelines than in respecting the wishes of the people of Donegal…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/10/gwigministerresponse.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. 365 additional cases of Covid-19 in Republic 75 positive cases of Covid confirmed in North Google+ Environment Minister orders council to abandon new windfarm regulations Pinterest Gardai continue to investigate Kilmacrennan firelast_img read more

Millonarios Could Relinquish Titles Won under Drug Dealers’ Influence

first_img Millonarios, a Colombian professional soccer team with 13 titles won in the national leagues, is evaluating the possibility of returning all trophies obtained under the influence of drug trafficking, said its president, Felipe Gaitán, on September 25. Gaitán stated that the titles in question were won in 1987 and 1988; years in which powerful drug lords financially influenced several teams that were playing in the professional tournaments. In the case of Millonarios, drug lord Gonzalo Rodríguez Gacha owned the team. “This is an ethical, preliminary debate. There are still hours of analysis and debate pending. There is a discussion on the table about the possibility that we only retain those titles which were obtained legally,” Gaitán told the Colombian press from Spain. The trophies were obtained in 1987 and 1988 under the leadership of Coach Luis Augusto García, who did not react well to Gaitán’s comments, and accused him of being a newcomer to the soccer world and someone who “does not know how to go about landing a title.” “It’s a disgrace that they try to take away a pair of victories that were obtained by a team and an immense amount of work,” added the former coach to City Noticias news, from Bogotá. Argentine player Mario Vanemerak, one of the stars on the team then, and current head coach of Real Cartagena, also rejected Gaitán’s proposal, and considered it as “senseless.” “If the chairman (of Millonarios) wants to do so, then neither we nor the fans would ever forgive him, as it is offensive,” he told Caracol news broadcast. On the contrary, Minister of Interior Fernando Carrillo considered it as a positive initiative, stating, “I hope other clubs follow this example.” For his part, Minister of Labor Rafael Pardo believed the initiative was “courageous.” Other important teams, like Nacional and América, were also influenced by drug money from Pablo Escobar and brothers Miguel and Gilberto Rodríguez Orejuela, leaders of the Medellín and Cali cocaine cartels, respectively. By Dialogo October 04, 2012last_img read more