Finish cable operator DNA and its main shareholders have purchased a total of 2,027,167 DNA shares from Sanoma Entertainment Finland.Of these, DNA acquired 1,116,896 shares using unrestricted shareholders’ equity in accordance with the decision of the annual meeting of March 15. The total purchase price came to €99,999,962.51. After the acquisition, the company holds a total of 1,124,396 own shares.In addition, DNA’s main shareholders, Finda Oy, Oulu ICT Oy, PHP Holding Oy, Osuuskunta KPY and Ilmarinen Mutual Pension Insurance Company, have completed a share ownership arrangement using the remaining shares purchased from Sanoma. As a result, the biggest owners of DNA are now Finda Oy (32.5% of the share stock), Oulu ICT Oy (22.1%), PHP Holding Oy (19.7%), Osuuskunta KPY (12.9%) and Ilmarinen Mutual Pension Insurance Company (5.0%).After the arrangement, DNA’s external parties hold a total of 8,486,280 company shares. The ownership arrangement was announced on February 23 2012.
LG Electronics has chosen video advertising specialist Smartclip to monetise all ad inventory on its LG Smart TV Platform in Europe, Russia and Australia.Smartclip said its agreement with LG Electronics will give advertisers access to the entire ad inventory on the LG Smart TV Platform, ranging from pre-roll and banner ads to unique and interactive ad formats. German fashion company New Yorker will be the first advertiser to run a campaign across the LG platform.Young-jae Seo, vice-president of the service business division of LG Electronics’ Smart Business Center said: “By forming a partnership with smartclip, the top global platform for multi-screen brand advertising, LG has secured an entrance to the European, Russian and Australian advertising markets. Content developers and content service providers will be able to focus on top quality content provision based on this tangible profit-making business model and advertisers will also have great opportunities utilising this effective marketing tool for global TV advertising campaigns.”
Vivendi has named former Maroc Telecom chief financial officer Arnaud Castille as senior vice-president, development of its strategy and development department, based in Paris.Florent de Cournaud, currently chief financial officer of ISP SFR’s business team, has been named as Vivendi’s vice-president, management and business plan control/holding company accounts, replacing Laurent Mairot, who will in turn replace Castille at Maroc Telecom.
Liberty Global has made a per share offer of €35 for the remaining stake it does not own in Belgian cable operator Telenet.The European cable giant made the offer despite previous protestations from Telenet that the offer is too low. The Belgian cabler claims independent valuation specialists Lazard put a valuation range for the price per share of Telenet at €37 to €42. Nevertheless, through its wholly-owned subsidiary, Binan Investment, LG has made an offer of around US$2.5 billion (€1.9 billion) for the remaining shares, which is equivalent to €35 per share.In a statement, LG said it disagreed with certain methodologies used by Telenet’s Independent valuation expert, adding that it “believes that an offer price of €35 per ordinary share is highly attractive for Telenet shareholders and provides a meaningful premium to relevant benchmarks”.It added that the offer represented a 12.5% premium to the September 19, 2012 Telenet closing share price, and a 4.9% premium over Telenet’s all-time high trading price prior to the announcement of the offer.
French international channel TV5 Monde is using Volicon’s Observer TS monitoring and logging system to deliver compliance logging as the channel migrates to an HD technical infrastructure. The Observer system is delivering logging of 11 existing services. Observer TS enables continuous logging of MPEG transport streams, monitoring of programme Quality of Experience, and the export and streaming of MPEG TS or low-resolution proxies across the enterprise or WAN.According to Volicon, the Observer system at TV Monde allows the broadcaster to automate extraction of content for tagged events such as a loss-of-service alert from a satellite downlink probe.“The Volicon Observer TS system not only addresses the full range of services related to logging, but also gives us a complete solution that doesn’t require any adaptation on our part,” said Mallory Delaporte-Bernues, system engineer at TV5 Monde. “The Observer is an all-in-one solution that simplifies operations while helping us to enhance the value of our staff. On-duty monitoring personnel enjoy convenient remote access, with a clear and near-instantaneous view of any monitored channel. Both technical and non-technical staff can work confidently with logs, thanks to the ease with which they can access content and data. I really count on those capabilities to improve the quality of our deliveries.
Russian service provider TTC has acquired Magnitogorsk operator Maginfo for US$40 million (€30 million). According to TTC, Maginfo customers will be able to retain their current terms of service.TTC vice-president of strategic development Shukhrat Ibragimov said that Maginfo was one of the leading service providers in the Chelyabinsk region. He said that Maginfo had a 63% share of the broadband market in Magnitogorsk and a 61% share of the cable TV market, with about 60,000 customers. Maginfo has built a fibre-to-the-building network in the city that passes about 140,000 homes.
CBS-owned US broadcaster Showtime is set to launch a stand-alone streaming service in an effort to reach new subscribers. The US over-the-top service, called Showtime, will launch in early July to coincide with the new series of Ray Donovan and Masters of Sex, which are both due to premiere on July 12.Showtime will initially be available through Apple iOS devices and the Apple TV streaming box and will be priced at US$10.99 per month.“Going over-the-top means Showtime will be much more accessible to tens of millions of potential new subscribers,” said CBS Corporation’s president and CEO, Leslie Moonves.“Across CBS we are constantly finding new ways to monetise our programming by capitalising on opportunities presented by technology. This works best when you have outstanding premium content – like we do at Showtime – and when you have a terrific partner like Apple – which continues to innovate and build upon its loyal customer base.”Eddy Cue, Apple’s senior vice president of internet software and services said: “We’re excited to offer Apple customers Showtime’s live channels and extensive on demand library of great TV shows and movies, without a cable or satellite subscription.”HBO launched its standalone OTT service, HBO Now, in the US in April via Apple devices and Cablevision’s Optimum Online service. Earlier this week, HBO said that it would roll the service out to Android devices this summer.
Liberty Global has confirmed it is in talks to acquire Cable & Wireless Communications (CWC) in a deal that reportedly could be value at around US$5.5 billion (€4.9 billion). CWC provides quad-play services in the Caribbean and Panama, which could be combined with Liberty Global’s recently spun-off operations in Chile and Puerto Rico.In addition to the purchase price, Liberty Global would take on CWC’s debt of around US$2.6 billion.“Liberty Global confirms that it is in discussions with the board of CWC regarding a possible offer for the entire issued and to be issued share capital of CWC,” the company said.CWC for its part had earlier confirmed that it was in discussions with Liberty Global and advised its shareholders to take no action ahead of a firm offer being made.In accordance with the City Code on Takeovers and Mergers, Liberty Global must announce whether it intends to make a firm offer for the company by November 19.Liberty Global chairman John Malone already owns a 19% stake in Cable & Wireless as a result of its acquisition of Columbus International, the Caribbean and Central American telecom group. Malone and other former Columbus shareholders together control about 35% of the group.CWC, which operates exclusively in the Caribbean and Central America, was spun off by Cable & Wireless Worldwide five years ago ahead of the latter’s acquisition by Vodafone. The CWC name was also used for Cable & Wireless’s UK cable operation in the late ‘90s, which was subsequently sold to NTL and later became part of what is now Virgin Media, also owned by Liberty Global.
Scott BraleyOoyala has appointed former OpenX, Facebook and Microsoft sales executive, Scott Braley, as its general manager of programmatic advertising.Braley will focus on global expansion and revenue growth for the video streaming and analytics company’s programmatic ad business, Ooyala Pulse SSP.“There’s no question the market is rife with opportunity and Ooyala is a driving force helping major broadcasters and publishers increase their yield and overall revenue for their premium inventory with Ooyala Pulse SSP,” said Ooyala senior vice-president of ad tech, Sorosh Tavakoli.“Having Scott onboard bolsters our ad tech expertise in the US and will drive further success of our video advertising products in the American market and around the world.”Braley was formerly the senior vice president of demand at digital ad technology firm OpenX. Prior to that, he was head of US sales and global agencies for Facebook’s Atlas division, the social network’s ad serving and measurement platform. Before this he held various sales roles at Microsoft.
IBM has bought cloud-based video services company Clearleap in a bid to boost its cloud computing initiatives.Announcing the deal, IBM said that Clearleap will be integrated into its IBM Cloud platform, allowing users to access video from any device at any time and use it as a source of data.The move forms part of IBM’s wider strategy to help clients “unlock the value of video” as it grows in importance in business, and to improve the performance and management of its video offerings.“Clearleap joins IBM at a tipping point in the industry when visual information and visual communication are not just important to consumers, but are exploding across every industry,” said Robert LeBlanc, senior vice president, IBM Cloud.IBM said the deal would help it to service customers from across different industries looking for a secure, scalable, and open cloud-based solution to manage their video services.Clearleap CEO, Braxton Jarratt, said that the takeover will allow Clearleap to extend its global reach and to “grow and scale like never before”.“With consumer demand for video growing exponentially, the business of creating compelling and personalised video experiences is booming. This makes the acquisition by IBM, a global leader in technology, a perfect fit,” said Jarratt.Clearleap offers a scalable video platform that has been used by the likes of HBO, A+E Networks, the NFL, BBC America, Sony Movie Channel, Time Warner Cable, and Verizon Communications.Its open API framework lets organisations build video into applications or offer access to third-party applications that customers may already have.The company was founded in 2008, is headquartered in Duluth, Georgia and has data centers in Amsterdam, Frankfurt, Las Vegas and Atlanta.Financial terms of the deal were not disclosed.
Tom Weiss and Michael ColletteGenius Digital has rebranded as Dativa and appointed US-based media Michael Collette as CEO, positioning the company for further growth in North America.Dativa said the rebrand marks the completion of the company’s transformation into a services business – focused on data strategy, engineering and operations services for brands, media and technology companies.Collette takes over from Genius Digital CEO Tom Weiss, who now becomes Dativa’s chief technology officer and chief data scientist. He brings more than 20 years media and technology company experience to the role.Based in the San Francisco Bay Area, Collette was previously a founding executive of smart TV automatic content recognition, Cognitive Networks, and recently started as an entrepreneur in residence at boutique investment bank, Progress Partners.“The emergence of diverse, strong sources of census TV data has started to transform the traditional television industry,” said Collette. “In 2017, we see ‘data driven TV’ in the early stages broad, irreversible adoption.”He added that Dativa’s team has “powerful expertise right across the TV market” and works with “every type of TV data” – spanning smart TVs, over-the-top and set-top box data.Weiss said: “The launch of the Dativa brand is the natural next stage in the transformation of our offering and we are excited to continue building our data science capabilities as we grow even further.“Michael’s expertise in the application of census TV data and broad contacts across the North American market will help Dativa to accelerate our growth and focus in the region, and deliver a fresh, innovative outlook to professional services.”
Discovery-owned Eurosport has struck a new five-year deal with the ATP World Tour and ATP Media to bring 37 ATP world Tour tennis tournaments a season to its platform in France from next year.In addition to the season-ending Nitto ATP Finals and the Next Gen ATP Finals, the five-year agreement incorporates all nine ATP Masters 1000 events as well as all 13 ATP 500 tournaments and another 13 ATP 250 tournaments, meaning that Eurosport will have 31 weeks of world-class tennis from the ATP World Tour calendar each year until 2023.As part of the deal, Eurosport France will also screen the ATP’s magazine show, ATP Uncovered. Eurosport France will work with the ATP to integrate Tennis TV, offering fans the ability to watch all matches included as part of the ATP package anywhere at any time.“Strengthening our position as Home of Tennis in France with the ATP World Tour is a perfect example of Discovery’s principle focus on owning sport verticals which enjoy strong communities of passionate fans, allowing us to offer them the best possible experience and immerse them in the sport they love to follow every day,” said JB Perrette, president and CEO, Discovery Networks International.“This approach aligns with the company’s broader differentiated non-fiction strategy, allowing us to super-serve passionate fans through our trusted brands as the global leader in real-life entertainment. We are absolutely thrilled to partner with the ATP and ATP Media and to be able to provide millions of tennis fans on all screens the opportunity to watch the best players in the world throughout the year across our platforms. This deal with the ATP and ATP Media, alongside our commitment to showing three Grand Slam events on Eurosport in France, ensures we are the true Home of Tennis.”
John RossiterSony Pictures Television Networks’ general manager for central Europe, John Rossiter, talked to Andy McDonald about the expansion of its linear channels business and the importance of SVoD. Sony Pictures Television (SPT) Networks started the year with what John Rossiter, general manager for Central Europe, described as a “milestone” deal that would boost its audience share in Hungary and across the region as a whole.In February, SPT Networks agreed to buy Hungarian TV channels Viasat3 and Viasat6 from Modern Times Group, taking SPT’s Hungarian offering to five linear networks, with the stations sitting alongside existing brands AXN, AXN White and AXN Black.Speaking at the time of the deal, Lyle Stewart, senior vice president, SPT Networks, for the CEEMA region, said that the agreement “clearly strengthens SPT Networks’ position in the Central European market”, adding that “SPT is focused on further growing our business over the coming year”.However, the deal exemplifies just one of two main growth areas for SPT Networks in this region. The further rollout and expansion of SVoD service AXN Now, which SPT Networks provides in partnership with central European operators, is also a major focus for the company, helping to grow its business at a time of changing consumption habits.Linear opportunity Discussing the Viasat channels deal, Rossiter says that the rationale behind taking over the stations was based on “reach and market share” and claimed that, should another similar opportunity arise, SPT Networks would look to “replicate the strategy”.“We realised the channel business is getting much more competitive and we understand that we need a certain level of scale,” says Rossiter, citing the relatively high market share of Viasat3 and Viasat6 and the strong crossover potential the networks have in terms of audience. “What we also liked about Viasat3 in particular is that it’s more of a general entertainment channel. AXN is focused on action and drama and this GE channel allows us, particularly from a production standpoint, to have more options. So we can look at everything from comedies, to realities to crime dramas,” he says.Last year, AXN in central Europe started producing of its first local Polish content – a three-part mini-series based on Swedish crime production Morden i Sandhamm, directed by Greg Zglinski and produced by Opus Films. Rossiter describes this as SPT Networks dipping its toe in the water, but says “production is becoming more important in this more cluttered world”.Rossiter is based at SPT Networks’ regional Budapest headquarters and his remit covers localised feeds across Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Slovenia, Croatia, Serbia, Bosnia and Macedonia. Discussing key growth markets in his footprint, he points to Hungary, Poland, and Romania and says that, should an opportunity like Viasat3 and 6 – an attractive business with willing buyer and seller opportunity – emerge again, SPT Networks “would definitely look at it.” He says that building market share is becoming increasingly important and “you have to find your opportunity in a market that’s so competitive.”Online opportunityIn addition to its linear channels, SPT Networks’ digital business in central Europe includes catch-up service AXN Player and its subscription video-on-demand service AXN Now. The latter is offered through operator partners and is a major component of SPT Networks’ overall strategy in the region.In the digital space, SPT Networks has two major factors playing to its advantage. First, in Sony Pictures, it has a wealth of content to draw from, and it is supplementing this by acquiring additional programming for AXN Now. Second, in central Europe, SPT has something of an advantage as the major brands that are creating waves in the SVoD market in western Europe – namely Netflix and Amazon – have not entered the region – at least not yet.In January Netflix said it plans to complete its global expansion over the next two years, outlining plans to up its footprint from 50 to 200 countries. In a letter to shareholders to announce its fourth quarter 2014 results, the streaming media company said it would launch in Australia and New Zealand in late Q1 2015 and then go live in “additional major countries” later this year.Rossiter says that the current absence of “those larger scale brands” in the SVoD space has provided an opportunity “to bring great products” into the market. “We’ve got a lot of benefits, because we know a lot of the players in the market, we know the price points, we know that we have the partnerships. We see an opportunity to build a business that’s very beneficial for both and we can acquire from a wide range of content producers, because we understand [that],” he says. “Take AXN Now, we’ve got some great SVoD titles, the best that you can get, and we’re flexible. One of the ways [we do this] is we could buy from a wide range [of sources] and we could pick shows much more like an over-the-top independent business can do.”As Rossiter points out, Sony Pictures Television has itself been a “prolific producer” of series that have performed well on SVoD services. Breaking Bad is a case in point, picking up a huge following on Netflix following its initial run on networks such as AMC in US. House of Cards, a Netflix original drama, meanwhile, is distributed internationally by Sony Pictures Television. Both shows feature on AXN Now. “The great thing about AXN Now is it allows us to utilise that great product that we wouldn’t be able to even put on air just for commercial purposes, because it’s a different target market,” says Rossiter, claiming that certain Sony-produced content, though high quality, “doesn’t work on our linear channels”.“We see content very broadly as one big hub,” says Rossiter, claiming that the question is “what’s the best way to get it to market?” He says that certain kinds of content can reach the viewer in some ways better than other types of programming and it is important to work this out. “We have linear TV and we have people that want to be entertained; they want lighter entertainment, and maybe something that they don’t have to tune into all the time in our markets. Whereas on the other side you’ve got that binge viewing, which is served better by SVoD,” says Rossiter.AXN Now expansionAXN Now started life two years ago in an effort, says Rossiter, to create a service “without thinking about limits”, that would offer “1,000 hours of the best series” without charging the earth.” Though the AXN Now is still rolling out, SPT Networks secured a number of new distribution deals for it in 2014 – for example it is available on UPC’s MyPrime service in Poland and Hungary, via nc+ in Poland and through Telenor in Hungary. “The service is available via most top platforms in central Europe and [there will be] more deals to be done,” says Rossiter.“We found a business model that works, which is bundling it in on an a la carte service, and we believe that the bundle, working with operators on their bundle, is a win-win for us,” says Rossiter. He claims that continuing to roll out AXN Now is a focus and that SPT Networks is continuing to have discussions with “very big players across the region”.Discussing SPT Networks’ focus for the year ahead, Rossiter says that the further rollout of AXN Now and SPT Networks’ integration of the Viasat channels in Hungary are its top two priorities. Expanding the linear and SVoD sides of its business are equally important, he says, adding that “one is not hurting the other.”“I think that, because we’re in quite a unique position, we could build two businesses and there is content that crosses over. So I think they’re equally important, because viewer habits are changing and there are opportunities to be a first mover,” says Rossiter.“We were able to have different kinds of discussions on that SVoD side because we were first mover. At the same time, when you look at an established business like what we have with Viasat and AXN, you know that the bigger you are, the more reach you have, the more attractive you are to advertisers [and] the more attractive you are to distributers. So I think that it’s equal.”
WESTERN TRUST IMPLEMENTS NEW CAR PARKING PROCEDURES The Trust is also implementing these measures to support and promote more sustainable travel, and to encourage site users to respect the fact that we are an operational hospital environment.Site users who do not comply with the new car parking management procedures will be issued with a parking charge notice (PCN) and may incur a penalty.Teresa Molloy continued: “This decision has not been taken lightly; we have increasing numbers of site users complaining about misuse of parking spaces and inappropriate parking on both hospital sites.“Our Trust needs to protect access for those with greater access needs, so that they can park on both sites, without difficulty.”The Trust and supporting contractor will over the coming weeks be providing guidance in relation to the control measures as well as the free/concessionary parking on the Trust’s hospital sites. We encourage all site users at both hospitals to follow the new measures for the benefit of everyone. For further information please click here.Teresa Molloy concluded: “We are confident that all site users with appropriate journey planning and guidance will be able to adapt to these new traffic management measures.To further support the new scheme, the Trust will be providing a short lead in period from Monday 3 October to Sunday 16 October 2016 for all patients, visitors and staff.“During this period the Trust will apply Parking Charge Notices (PCNs) but will not enforce these, giving site users time to adapt to the new arrangements.”WESTERN TRUST IMPLEMENTS NEW CAR PARKING PROCEDURES was last modified: September 28th, 2016 by John2John2 Tags: THE Western Trust is to implement new car parking measures at Altnagelvin Hospital from Monday 3 October 2016 to improve management of traffic and car parking on both hospital sites.The Trust has contracted a third party company to assist with day-to-day traffic management of both sites.The Trust will retain control of operational management of car parking at both hospital sites, and will provide guidance and instruction to support the company to ensure the Trust can maximise accessibility to both sites for patients, visitors and staff.The Trust has been aware of site users not appropriately using the car parking space available, including disabled parking bays, and this has caused unnecessary difficulties for other site users. Teresa Molloy, Director of Performance Management and Service Improvement at the Western Trust said:“The Trust needs to ensure that all those who visit our hospital sites have appropriate access to the site.“For this reason we need to ensure that the traffic is well managed and parking spaces are used effectively.“Protecting blue light routes, disabled parking bays and general site access is important, so after consultation we have decided to introduce these new controls on both hospital sites.” ShareTweet
CATHY DAVEY CAN’T WAIT TO SOAK UP FOYLE MARITIME ATMOSPHERE Singer Cathy Davey looking forward to Foyle Maritime FestivalCRITICALLY acclaimed Irish singer-songwriter Cathy Davey says she can’t wait to perform in SOAK’s hometown on Thursday, July 14th during the Foyle Maritime Festival organised by Derry City and Strabane District Council.The Meteor Ireland Music Award winner’s last Derry gig was six years ago in the Millennium Forum at the City of Derry Big Band and Jazz Festival during a promotional tour for her third album, “The Nameless”, which debuted at No.1 on the Irish Album Charts, the Independent Release Charts and the iTunes Charts on its first week of release.Davey’s alternative rock fans will hear her perform her new single ‘The Pattern’, live for the first time when she takes to the stage for a free concert in the Festival Village, Queen’s Quay, on July 14th at 6pm.But first, Davey plans to do a sweep of the Foyle Maritime Festival, soaking up the atmosphere on the LegenDerry Eye big wheel and a visit to The Phoenix tall ship which is scheduled to drop anchor at McFarland Quay on the day of her concert, offering free guided tours up until Sunday, July 17th. She continued: “I can’t wait to play SOAK’s hometown; I love SOAK but I won’t get to see her as we are playing very different places. There are loads of things I’d like to see during this Festival so I’ll be there a day early. I really want to see the Phoenix; I just love tall ships.”Davey, who lives on a farm in Co. Kildare and keeps horses, including two recently acquired rescue horses after relocating from Dublin, is a vegetarian who follows a vegan diet part of the week and is also keen to check out the Wild Foodie Cycle taking place during the Festival.She confesses: “I’m not a huge music fan, I am more into foraging for mushrooms. That’s why it’s very hard when people ask, ‘What are your influences?’ I never listen to podcasts!”While her last album in 2010, “The Nameless”, received rave reviews from Ireland’s music critics, Davey candidly admits that six years on, she doesn’t have any prior expectations about the response to her new album which will be released in the autumn. “The mind doesn’t travel that far ahead for me as I’m so busy with other things. When you’re younger you become fixated about what people think of you, how you’re received and your credibility. When you get older and life’s happenings occur, your perspective becomes a thing of beauty… I am happy enough and that’s fine,” she declares.Davey hasn’t been gigging extensively recently while in the studio working on her new album which is why her north west fans are in for an exclusive when she performs some of her new material live for the first time at the Foyle Maritime Festival on July 14th.Food is a recurring theme for Davey who played an intimate set recently at Loam, a Michelin-star restaurant in Galway – a far cry from the stages she has graced at Electric Picnic and South by South West Texas.Describing the Loam experience as her highlight of the year to date, Davey said: “I agreed to this small gig mainly because it’s a Michelin star restaurant and it came with a meal for two. Loam is fantastic as it is all very natural and ethically sourced food. I have just been doing little bits and pieces to stay in touch with how to play music live!”Davey – who was once described by a journalist – lazily she feels – as “Ireland’s Bjork” – said she’s impressed by the Foyle Maritime Festival programme, reflecting Derry’s moniker as ‘Music City’ and its reputation as an international visitor destination.“I haven’t spent enough time previously to soak up the atmosphere but, I do intend to rectify that next week. I am going to spend two days in the city and I will have a lot more to tell you the next time!” she declares.Jacqueline Whoriskey, Festivals and Events Officer with Derry City and Strabane District Council and main organiser of the Foyle Maritime Festival, said Council is delighted with the calibre of the local and visiting artists performing at this year’s event which coincides with the Clipper 2015-16 Round The World Yacht Race Homecoming leg.She added: “Festival-goers are in for a real treat with the range of live music performances in this year’s programme. As well as both Cathy Davey and Four Men and a Dog performing in the Festival Village on Thursday, July 14th, we also have The Riptide Movement plus support from Paul Casey at Ebrington on Friday, July 15th.“Kila, Balkan Alien Sound and The Booka Brass Band will also be performing in the Festival Village on Saturday, July 16th and that’s not including Seo Linn, one of the highlight gigs of the Festival, who will be bringing their incredible energy to the Guildhall stage for the LegenDerry Finale celebrations and Clipper Race prize giving on Wednesday, July 13th.”For further information on all the music highlights and full Festival programme, visitwww.foylemaritimefestival.comCATHY DAVEY CAN’T WAIT TO SOAK UP FOYLE MARITIME ATMOSPHERE was last modified: July 4th, 2016 by John2John2 Tags: ShareTweet
“I have 6 slots available – 5 of which have already been allocated to some amazing people who have done so much to help and support me in establishing my business.“They include Chamber of Commerce President (and owner of Airporter) Jennifer McKeever, who has influenced my path into business more than she knows – and Aoife Doherty from Sass & Halo who won the £10k Business Challenge in 2017.“Other slots will be going to up-and-coming blogger ‘Passion by Natasha’, as well as a volunteer from Foyle Search & Rescue who’ll get a very well-deserved pamper treatment, and Jacqui Loughrey from the Pink Ladies Cancer Support Group who has championed me from day one!“That leaves one spot up for grabs – and I’ve set up an online competition for the final place which people can enter via my Facebook page So27skincare.“One lucky winner will be drawn on Saturday 25th August – one week before the Walled City Market – and they can either take up the spot themselves, or gift it to someone special.”Nicolle Walters, Market Development Officer, expects the complimentary spa treatments offered by Deborah will provide an extra dimension to the monthly market.“We’re looking forward to welcoming our traders back to Guildhall Square for the September market – and we’re definitely expecting another busy day!” she said.“It’s great to see that Deborah’s business is going from strength to strength – and that she’s continuing to show an amazing ability to add to her exciting range of products.“Indeed, the complimentary spa treatments which will be offered by Deborah are an excellent addition to September’s market – and also recognise some of our most inspiring local women and charities!” The Walled City Market is open from 11am to 5pm on Saturday 1 September and includes street food and a wide range of locally produced craft products.For further information visit http://www.derrystrabane.com/MarketsFind us on Facebook at www.facebook.com/whatsonderrystrabane/ or follow us on Twitter @WalledmarketComplimentary ‘spa treatments’ on offer at Walled City Market was last modified: August 20th, 2018 by John2John2 Tags: Among traders at the September market will be local woman Deborah Lamberton, who will be providing complimentary spa treatments to celebrate the ‘first birthday’ of her organic cosmetics business ‘So27 Skincare’.Deborah, who won this year’s ‘£10k Business Start-Up Challenge’ run by Derry City & Strabane District Council, will be turning her stall into a ‘mini spa’ on the day of the market – providing free treatments to some of the city’s most inspirational women and charities – as well as one lucky member of the public!Deborah said: “I’m celebrating my ‘first birthday’ at the next Walled City Market on 1 September – and have decided to put my business slogan ‘Every Day should be a Spa Day’ into action!“I’ll therefore be turning my little pop-up shop into a ‘mini spa’ and will be giving away So27 facials. ShareTweet Deborah Lamberton winner of this year’s £10k Business Start Up ChallengeCOMPLIMENTARY ‘spa treatments’ are just some of the goodies on offer at the first Walled City Market following the summer holidays – which will take place in Derry’s Guildhall Square on Saturday 1 September 2018.The ever popular market, organised by Derry City and Strabane District Council on the first Saturday of every month, will feature the usual wide variety of traders offering fresh foods and bespoke handcrafted products such as textiles and paintings. Complimentary ‘spa treatments’ on offer at Walled City MarketDEBORAH LAMBERTONDerry and Strabane CouncilMARKET DEVELOPMENT OFFICERNicola Walters
ShareTweet 2December 14Derry Girls ‘delighted’ to back Save the Children’s Christmas Jumper Day campaignNORTH OF IRELANDSave The ChildrenThe Wee English Fella “It’s so easy to get swept up in the Christmas party season and this fundraiser is a great way to enjoy the parties and at the same time raise money for a local charity.”Taking place on Friday, December 14, this year is set to be the biggest yet with the charity expecting over 5million people to take part, making Christmas Jumper Day one of the biggest annual charity fundraisers in the UK.You can join Erin, Orla, Clare, Michelle and “the wee English fella” James in helping to give children hope for a better future by donating £2 to Save the Children (£1 for school pupils) at christmasjumperday.org THE cast of hit Channel 4 comedy Derry Girls are this year backing the return of Save the Children’s Christmas Jumper Day to the North of Ireland.Festive knits will be sweeping the country once again as schools, homes and offices will don their most wonderful woollies for the annual fundraiser.Jamie-Lee O’Donnell, who plays Michelle in the award-winning series said: “We are delighted to get involved in this year’s campaign and pull on our Christmas jumpers for a good cause. Derry Girls ‘delighted’ to back Save the Children’s Christmas Jumper Day campaign was last modified: November 26th, 2018 by John2John2 Tags:
Next PostJury awards $7.6M to family of West Virginia pedestrian CrimeWatch NewsNational NewsNewsWatch Police: Foster parent made child wear electric dog collar By Daniella HankeyNov 30, 2018, 08:51 am 692 0 Twitter MYRTLE BEACH, S.C. (AP) — Police in South Carolina say a foster parent made a 6-year-old wear an electric dog collar and abused the child with a spoon-like object. Home NewsWatch CrimeWatch News Police: Foster parent made child wear electric dog collar Linkedin Previous PostMother of missing Boone County man searching for answers Mail Facebook It’s unclear if Jarrell has a lawyer who could comment. Tumblr News outlets report that 61-year-old Deborah Ann Jarrell of Myrtle Beach was arrested Wednesday and charged with unlawful neglect of a child.A Horry County police incident report says a representative with the Children’s Recovery Center contacted police after a forensic interview with the child in October. According to the report, the representative provided documentation saying that the victim was forced to wear an electric dog collar and was hit with the spoon-like object between January and July. Pinterest Google+ Daniella Hankey
[To be a successful speculator, one must be willing to go against the mainstream investment trends, as John is. There’s no better way to get a primer on contrarian investing than by sitting in on the recently concluded Casey Research Recovery Reality Check Summit – and you can do that by ordering the Summit Audio Collection today. Every presentation, every chart and graph, and every actionable investment tip can be yours, in either the instantly available MP3 files, or in CD format.]Louis James: Ladies and gentleman, thanks for tuning in. We’re at the Casey Research Recovery Reality Check Summit. We’re talking with John Hathaway, one of the more successful fund investors – institutional investors – in our precious metals field near and dear to my heart. John, can you give us a quick version of what you talked about here, for those who didn’t make it to the conference?John Hathaway: Sure, yes. I think we’re at the end of a correction that resulted from the peak last summer. It was overcooked, kind of hyperventilated hysteria over the debt-ceiling talks, the rating downgrade of the US sovereign debt, and I think basically the stocks and the metal had been working off that boiled down to what we now have is a simmer. I think we are at a position where there’s not a lot of downside, and I would not be surprised by revisiting the previous highs of $1,900 and maybe even new highs over $2,000 this year.What will do that is basically – so much of the narrative has been quantitative easing. When Bernanke announced on the 29th of February that they were done with quantitative easing (and if you believe that I’ve got a bridge to sell you, but for the time being let’s assume that there won’t be any), I was very impressed that gold did not go to a new low. It printed somewhere below $1,600 at the end of the year, made a couple-of-day swoon, but it didn’t go to a new low. And then when the Fed minutes came out it also did not go to a new low, it kind of reiterated what Bernanke said. So the narrative may be changing. I’m not ruling out quantitative easing as a possibility, but there are things out there that gold might be looking at that the CNBC mentality hasn’t figured out.Remember that gold rose for many years before we even heard of quantitative easing; it was in a steady uptrend. So what could those things be? What would take gold – what would be the new headlines that might take gold to higher highs? To me, the biggest thing is that the Federal Reserve has purchased something like 61% of all new Treasury debt in the last year; and if they aren’t going to continue that, then what’s going to happen to rates?Louis: Right.John: The Chinese – who had been big supporters because they were rigging their currency – have not been generating foreign exchange to anything like the extent they were, so their participation rate in Treasury auctions has gone way down. If you look up the TIC numbers, foreign buying of Treasuries has dropped precipitously, so you have the two biggest pillars of support for keeping rates low in question here, and let’s see what happens on June 30th. If you don’t have a political buyer, either the Chinese and foreign buyers who are manipulating currency, and the Fed because they said they aren’t going to do it, what are rates going to do?If you are going to get a risk-free return inflation-adjusted today that’s not politically motivated, it’s got to be somewhere around 4-5% on the short end of the curve. Every hundred basis points adds a huge amount to the budget deficit, so to me we’re in a real trap here, where it’s going to be a game of chicken as to whether the Fed can really live up to what Bernanke said on the 29th.Louis: Isn’t that really the bottom line? They can’t allow that interest rate to rise with the debt outstanding –John: It seems very difficult. The recovery, the alleged recovery that we had, is very… I’ll grant that things are better than they were a year ago or two years ago, but you’d have to call it feeble at best and maybe not sustainable. That’s one thing that I think could affect the gold market.The second thing, and I think it’s very important too, is that inflation is rising. Even though the economy is soft, the number I look at – and I know we’re going to have John Williams speak at lunch, and we know he has a very good take on it – is the MIT Inflation Index, because that’s real-time pricing of billions of products. You can get to that website just by googling “MIT Inflation Project”; and that does not include services. Most of the services I take are inflating at more than 5%; they are closer to 10%. But goods that could be measured in real time are rising at 5%, so that’s also going to be a factor. That means if rates stay where they are, the Feds are just going to be that much more behind the curve.So those are two things; and the third thing is that there’s $1.5 trillion of liquidity in the system that should the recovery – and I’m not a macro forecaster, but let’s say the recovery does sustain itself – you’ve got $1.5 trillion of free reserves that could just turn into money supply. Then you really would have a potentially hyperinflationary scenario, and the Fed would be completely powerless to do anything about it. So I think that’s bullish for gold – gold is not backward looking, it basically looks forward. I can go on and on. You’ve got the European unresolved sovereign debt crisis in Europe.Louis: Let me jump in with a question about this, then. You’ve stood out really from the crowd in that most people agree on the general prognosis for gold. Most people are sort of near-term bearish, you know, the ones –John: It makes me so happy.Louis: [Laughs] But, you know, once a bear sentiment sets in, it seems to almost have its own momentum.John: Yes.Louis: You’re the only who’s saying “I think we’re near the bottom.” Most people are saying, “Sell in May and go away” –John: Yes, I heard a couple of things from this session that just made me want to jump up and buy –Louis: I understand the contrarian reason for that, but can you tell our audience a couple of reasons why you think we might be near the bottom or why you’re ready to buy now and not waiting to see how this summer turns out?John: Sure. Well, first of all, I’m not a trader. I mean, I’m long, and last summer I thought, “Gee, this is really a little spooky, we’re not at a sustainable level,” but there wasn’t a whole lot I could do about it. And here we are and we have some cash, we have some inflows, so we are able to put money to work. And what is it that makes me think we’re there? Sentiment numbers are extremely negative, historically, when they’ve gotten to these levels. By the way, I put out a quarterly newsletter now that has a lot of this data, which can be found on our website.Louis: Go ahead and give us the website.John: It’s the Tocqueville Asset Management website, and it should be fairly easy to find. So sentiment is at levels that have been associated with big rallies. Traders’ commitments, net longs, net spec longs are way, way down there. I look at that a lot just as a way to see where the market is positioned. The guys who can create some volatility are not there, and so if gold starts moving, they won’t want to miss it, and so they’ll come in. And then, we’ve looked at some technical stuff. I’m not a technician but most of what I see from a technical perspective is extremely constructive. So I put those things together.Sentiment is rock bottom. COMEX traders’ commitments are very, very constructive, and technical things that we look at are very constructive. So I would say all of those things, plus hearing these guys say that they are not going to step in – that’s more anecdotal, but that to me is just very, very positive. So I – frankly I don’t stake my reputation the way that Dennis Gartman does on making trading calls, but just as an experienced observer of this market for some number of years now, I think we’re ready to make a move higher.Louis: Okay, well, thank you very much. Word to the wise.John: Thank you. In an interview with Louis James, John Hathaway discusses the US’s economic outlook and why he’s delighted by the current bearish sentiment toward gold.
In This Issue. * Kiwi recovers on Fonterra news. * Schaeuble tries to smooth Draghi’s comments. * Dollar’s all-out assault on currencies is fumbled. * Citigroup likes loonies & pesos near-term. And Now. Today’s A Pfennig For Your Thoughts. Geopolitical Problems Persist! Good Day! . And a Wonderful Wednesday to you! Wednesday, it’s only Wednesday? Brother! It sure seemed like a Tub Thumpin’ Thursday to me this morning when I woke up! Mike, Mike, what day is it? It’s really Hump Day? UGH! I know that I won’t be in the office on Friday, but I’ll still be up early to write the Pfennig, so it’s not like a “Ferris Buehler’s Day Off” for me. I guess, my body is telling me that it feels like a Thursday, and that’s that! Eddie Floyd is singing: Knock On Wood, as I begin the day today. On a sidebar, Aaron told me yesterday, that a fellow called in and mentioned that EverBank should play hold music from my IPod, because the other stuff. Well, he wasn’t very complimentary! HA! Well, did you see that Durable Orders print yesterday? WOW! I’ll have more on that later, but let’s just say, that it was “bloated”. And in need of an enema, which it will receive when next month’s number prints! Meanwhile, back at the ranch, Grandma is holding off the Indians, and the dollar is stumbling a bit this morning. Two days ago, it appeared that the dollar was ready to take the ball down the sidelines all the way to the HOUSE! (touchdown for those that don’t know the terminology used by Tiger Mike Kelly) But then the dollar began to slow down a bit yesterday, and today, it’s stumbling, bumbling, fumbling its way and thus we begin another stop for the dollar. This whole month has been full of starts and stops for the dollar. So, the strong short-period run for the dollar, is getting delayed, but will still be playing at a movie house near you. The much anticipated meeting between the Presidents of Ukraine and Russia went well into the night last night, and while both parties said there was progress, there wasn’t any cease-fire announced, or anything that would ease the tensions, other than the comment that progress was being made. Israel and Hamas announced an open-ended cease-fire in Gaza, so that’s what I call progress. But then haven’t there been several cease-fire announcements already that were eventually broken? I guess the thing I’m getting at here, Front and Center this morning, is that there are a ton of geopolitical problems out there that should be underpinning Gold. And maybe they are, but it sure doesn’t appear that way to me. While Gold is up $5 this morning, and it carved out a small gain yesterday, after initially rising $12, but then losing half of that gain by noon, I just don’t see the Umph behind the shiny metal. I always check the COT, Commitment of Traders report that Ed Steer prints daily. And I just don’t see anything there, and that leads me to believe that we could all be getting to experience an opportunity to buy Gold cheaper! UGH! So, yesterday, all my troubles seemed so far away, no wait! Yesterday, the N.Z. dollar / kiwi was the worst performer, and today, kiwi has gone from worst to first! Yes, kiwi is the best performer overnight. Kiwi got a huge boost when it was announced that Fonterra, the HUGE N.Z. Dairy Company, was making a joint investment with a Chinese food Co., which would give Fonterra better access to the Chinese market.. And we all know, well, no, let me take that back. Some of us know that everyone wants a part of the Chinese market. I say “some of us” and not “all of us” because there are still people out there that think China’s economy is going to collapse. Of course, and I won’t name names here, but those same people have been saying this for at least 4 years now! With kiwi on the rally tracks this morning, the Aussie dollar (A$) has hitched a ride on the kiwi express, and even the beaten and beleaguered euro is carving out a gain VS the U.S. dollar this morning. But really , as I look at the screens the only currency losing ground to the dollar this morning, and I mean the only currency, is the Indian rupee. So, it’s a free-for-all, VS the dollar today. A lot of pent up frustrations with the way the dollar has taken liberties against the currencies this month seems to be the call to order this morning. Could it be the markets are finally seeing this U.S. economy for what it really is? I truly believe that’s what is behind the U.S. 10-year Treasury being held down around 2.37%. The “bond guys” are usually the ones to watch on the economy, and not the Fed Reserve. But in 2009, the Fed wrestled the bond market from the bond guys, and took over the direction of bonds, given the amount of bonds the Fed was buying every month. It was the old Golden Rule. He who has the Gold. Rules. Just insert “bonds” instead of Gold. And I’m not totally convinced that the Fed is out of the bond buying business. I do know that they’ve ventured down the road I talked about with you about a year ago.. The Reverse Repo road. The Fed finally took inventory, looked around, and said, “What are we going to do with all these bonds?” I know, I know, Ooooh, Ooooh, call on me, Mr. Kotter, call on me! They can lend them out as collateral. Of course they had better be careful who they lend them out to, for maybe they don’t them back! It wouldn’t have been good to have deals outstanding with Bear Stearns, Lehman Brothers, MF Global Holdings, or any of the others that collapsed since 2007. Oh, my! I really got going down a road I didn’t want to go down there. But I did, and that’s that! Well, did you hear that IMF Chief, Christine Lagarde, has been charged under a formal probe in a corruption investigation going back to her days as French Finance Minister? Of course Lagarde says the charges are without basis. I find this to be interesting don’t you? I mean, the previous IMF Chief, was set up in a false case in a NY Hotel, so that he could be shown the door, after making some critical remarks about the U.S. economy, and so on. I wonder what Lagarde did to get herself mixed up in this mess. Getting back to the euro for a minute here. I told you Monday how European Central Bank (ECB) president, Draghi, had dragged out the same-o, same-o lines about how the ECB still had additional measures to use on the economy, should the need arise. And how the euro got whacked on that statement. Well, last night, Germany’s Finance Minister, Schaeuble, said that Draghi’s comments were “over-interpreted”. And that’s what’s behind the euro’s rise this morning. But, that could be a fleeting moment of euphoria as I see it. I still think the euro is about to lose some additional ground, before turning around when the lack of liquidity problem hits the U.S. later this year, or early next year. The British pound sterling is a bit stronger this morning, which I find interesting given that for the second time in recent weeks, a large contingent of British Companies made a formal complaint about the strength of the pound. It’s a good thing the Canadian Companies aren’t doing that in Canada, given the Bank of Canada’s Gov. Poloz’s penchant for listening to these kinds of complaints, given his history as leader of the Trading side of the Gov’t. Speaking of the Canadian dollar / loonie, I would think that most of today’s gains by the loonie is coming courtesy of the A$, kiwi rally. In fact if you look across the board today, the Commodity currencies have the best performances this morning. A$, kiwi, C$, rand, real, ruble, krone, and the others. The Bloomberg has a story on the screen this morning talking about how Citigroup favors loonies and pesos as near-term outperformers VS the U.S. dollar. That’s interesting isn’t it? The two bookends to the NAFTA group. I like loonies, but still believe that even with the reforms that new Mexican President, Nieto, has gotten passed, the peso will always be held hostage by the lack of a “risk premium”. For those of you new to class a “risk premium” is a higher than the average bear interest rate, that helps people forget the indiscretions that Mexico played with investor’s money in the past. The Chinese renminbi was a very small appreciation overnight. Things have been pretty quiet in China this week, with only their announcement of funding for charging stations as the highlight, which shows you that things are slow there! I really do think that China is being steal-like in their recent moves against the dollar, so we had better all be on the lookout for any indication that China has made another move. The U.S. Data Cupboard got a workout yesterday, as I told you about all the data prints that were due. The one that caught everyone’s attention was the Durable Goods Orders for July, which grew at 22.6%!!!! WOW! Hold The Phone! Unfortunately, if you take out the Boeing aircraft sales booking for most other industries fell! Now, orders for Durable Goods can gyrate quite a bit month to month, but when you look at them on a longer time-line you see that Businesses here in the U.S., continue to spend at a moderate pace, and one that’s significantly below the historical norm at this stage of a recovery. Hmmm. Now that’s something that makes you think doesn’t it? And you wanna know what I’m thinking? I’m thinking, and this hasn’t changed one iota, that this is no recovery. It’s still a depression, with few bright spots. The plethora of data that the Data Cupboard had for us yesterday, all pointed to the same thing. That the U.S. economy is not growing, and certainly not growing like an economy that is supposedly 5 years removed from a recession.. Capital Goods Orders, when you take out the defense spending, was -.5% in July.. The S&P/ CaseShiller Home Price Index fell again, although it showed an increase VS last year of 8.1%, the previous month was 9.37%. The only data print that was positive was Consumer Confidence, and quite frankly, this has really just become a pulse on the stock market. So, of course it was positive! Bill Bonner has a new term for how modern Gov’t works. I’ll let Bill explain it. (from: Diary of a Rogue Economist) “That is another way to understand how modern government works. It has abandoned the old “invade, conquer, steal” model in favor of the “print, dupe, transfer” model.” I can always depend on Bill to set things straight! There’s no real data today, and nothing around the world, really. it’s a day to catch our breath. Tomorrow morning, we’ll awake to the first flash estimates of Eurozone inflation. If the inflation rate keeps falling, the ECB will be forced to use some of those additional measures that Draghi keeps talking about. And here in the U.S. we’ll see the first revision of 2nd QTR GDP, which you may recall originally printed at 4%, and I said it would get revised downward. Well, we’ll see tomorrow! And on a side bar. I got a kick out of the Daily Reckoning (www.dailyreconing.com ) yesterday, as the editor, Peter Coyne, used my term. He said: “Your pick of financial news outlet is partly pinning the move higher on the swatch of number out of the U.S. Data Cupboard today: So, a BIG TIME letter like the DR, is using my: Data Cupboard, term now. How about that? For What It’s Worth. I had a dear reader send me excerpts from an interview with Dr. Lacy Hunt, who is an internationally known economist and Executive Vice president of Hosington Investment Management Company. This is a guy that knows his stuff folks. So, what does the good doctor have to say about how the U.S. economy is doing? “Very poorly. Both so far this year and in longer term perspective. In the first half of this year, the economy grew at only a 0.9% annual rate. You strip out the inventories, we gained at a 0.6% annual rate. If you express it in per capita terms, GDP was flat first half of the year, which means standard of living stagnated. But from a longer term perspective, from the start of the Republic in 1790 or close to the start, the economy has grown about 3.9% per annum. Since the debt levels moved above 275% of GDP-that’s public and private-the economy has grown less that 1.9% per annum. The growth from 2000 forward thru the first half of the year is not as bad as the 1930s but it’s not that much better either. So it’s been a very difficult standpoint. We’ve clearly downshifted; it’s been long and coming, and I think our people are suffering from it. I think the main problem is that we’re excessively-we have too much debt, we have too much of the wrong type of debt. Debt’s not very well understood.” Chuck again. Man do I feel vindicated after reading this interview.. I keep saying the economy is going nowhere, but I don’t think people really listen to me. Maybe now they will! To recap. The dollar’s assault on the currencies earlier this week has been fumbled at the goal line, as the currencies, except rupees, are all rallying this morning. Fonterra announced a joint venture with a Chinese food co. and kiwi took off to higher ground, thus recovering yesterday’s losses. U.S. Durable Goods Orders grew 22.6% in July. But when you take out the Boeing aircraft orders, the other industries had losses. Uh-Oh! In fact the whole day’s data prints were not so warm and fuzzy, except Consumer Confidence, which is nothing more than a pulse of the Stock Market these days. Currencies today 8/27/14. American Style: A$ .9345, kiwi .8375, C$ .9270, euro 1.3185, sterling 1.6590, Swiss $1.0915, . European Style: rand 10.6365, krone 6.1770, SEK 6.9485, forint 237.05, zloty 3.1785, koruna 21.0520, RUB 36.02, yen 103.90, sing 1.2370, HKD 7.7500, INR 60.44, China 6.1658, pesos 13.06, BRL 2.2610, Dollar Index 82.53, Oil $94.08, 10-year 2.37%, Silver $19.43, Platinum $1,424.00, Palladium $ 887.71, and Gold. $1,285.06 That’s it for today. A tough loss last night for the Cardinals. A day game today, I’ll see about 2 innings before I take my afternoon nap! I made a visit to a meat market that I hadn’t been to in years last night. It took me back to those yesteryear days. I love going to the meat market. The butchers always say “what are you looking to buy today” and I always say, “I’ve just come here to get inspired to cook something”. Jack Stapleton asked me if the hatchet had been removed from my forehead yesterday! HAHAHA! Well, the sun is creeping to the south again, and that really bums me out. We can track the sun’s movement from South to North and back again, and I really don’t like to see it moving in the direction it’s now moving. UGH! Autumn, or Fall weather here is usually the best time of year in St. Louis, weather-wise.. But that’s little consolation for having winter right behind it! Well, it’s that time.. I hope you have a Wonderful Wednesday! Chuck Butler President EverBank World Markets