Research Desk Line-up: NextEra Energy Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for SCANA Corp. (NYSE: SCG), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=SCG. South Carolina Electric & Gas Co. (SCE&G), the principal subsidiary of SCANA Corp., and state-owned Santee Cooper, announced entering into a definitive agreement with Toshiba Corp. on July 28, 2017. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Electric Utilities industry. Pro-TD has currently selected NextEra Energy, Inc. (NYSE: NEE) for due-diligence and potential coverage as the Company posted on July 26, 2017, its financial results for Q2 2017 in a news release available on the company’s website. Tune into our site to register for a free membership, and be among the early birds that get our report on NextEra Energy when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SCG; also brushing on NEE. Go directly to your stock of interest and access today’s free coverage at:

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http://protraderdaily.com/optin/?symbol=NEE

As per the agreement, Toshiba will pay $2.168 billion in full satisfaction of its guaranty of obligations of Westinghouse Electric Company, LLC (WEC), under the parent Company guarantee obligation agreement of 2008. WEC filed for bankruptcy in March 2017 as it was over pressured by the cost overruns at the V.C. Summer plant in South Carolina and a similar unfinished nuclear project known as Vogtle in Georgia.

The aforementioned consideration is offered under the engineering, procurement, and construction contract (the EPC Contract) for the two new nuclear units at the V.C. Summer Nuclear Station in Jenkinsville, South Carolina. Out of the $2.168 billion, SCE&G would receive $1.192 billion for its 55% project ownership and Santee Cooper $0.976 billion for its 45% ownership.

Payment Schedule and Conditions

As per the agreement, Toshiba has agreed to make payments in a series of installments from October 2017 to September 2022.
Some of these payments would be fulfilled by distributions through the bankruptcy court process from WEC to SCE&G and Santee Cooper.
These payments, however, are subject to reduction if WEC pays creditors holding liens on project assets.
An important thing to note is that Toshiba will be liable to make these payments regardless of whether both or either of the two nuclear units are completed, or the project is even abandoned.
If the units are completed and the actual construction costs (net of payment from Toshiba) are less than the specified maximum amount payable under the EPC Contract, Toshiba will have the right to receive part of the difference.

Significant Challenges in Project Completion

The project owners are putting in their best efforts for discovering the most prudent path forward for the nuclear project.

At this point, the project owners expect that the additional cost to complete both units beyond the amounts payable in connection with the EPC Contract will considerably exceed prior WEC estimates as well as the Toshiba’s guaranty settlement payments.
As per the current tax rules, in order for the units to qualify for production tax credits, they would need to be online before January 01, 2021. However, project owners think that the units could not be brought online until after this date. They are thus considering these factors along with their future generation needs in their evaluation of the project.

Going by these considerations, the alternatives of completing either the two units or one of the units are subject to significant challenges. The owners are expected to announce their decision regarding the Westinghouse project soon.

Decision in the Best Interest of Customers

Kevin Marsh, Chairman, and CEO of SCANA Corporation announced that the Company is committed to making a financially responsible decision for its customers as well as other stakeholders. He mentioned that his team is close to completing the analysis of various options to determine the most prudent path forward.

Lonnie Carter, President, and CEO of Santee Cooper, had similar views. He appreciates customers’ patience while the analysis on cost and schedule for the project is being completed. He mentioned that the Company would ultimately make a decision that is in the best interests of customers.

About SCANA Corp.

SCANA Corp. is headquartered in Cayce, South Carolina. It is an energy-based holding Company that majorly operates through its subsidiaries, in electric and natural gas utility operations and other energy-related businesses. They serve nearly 7,13,000 electric customers in South Carolina and around 1.3 million natural gas customers in South Carolina, North Carolina, and Georgia.

Last Close Stock Review

At the close of trading session on Friday, July 28, 2017, SCANA’s stock price declined 6.63% to end the day at $61.29. A total volume of 2.47 million shares were exchanged during the session, which was above the 3-month average volume of 939.19 thousand shares. The Company’s shares are trading at a PE ratio of 14.84 and have a dividend yield of 4.00%. At Friday’s closing price, the stock’s net capitalization stands at $9.38 billion.

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily takes a closer look at Moelis & Co. (NYSE: MC) as the Company’s stock will begin trading ex-dividend on August 01, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 31, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On July 24, 2017, Moelis & Co.’s Board of Directors declared a quarterly dividend of $0.37 per share to be paid on August 17, 2017, to common stockholders of record on August 03, 2017. The Board of Directors previously declared a special dividend of $1.00 per share in June 2017 which was paid on July 06, 2017.

Moelis & Co.’s indicated dividend represents a yield of 3.72%, which was higher compared to the average dividend yield of 3.17 % for the financial sector. The Company has increased its cash dividend for 2 consecutive years. Moelis & Co.’s has returned $7.43 per share, including the special dividend, in the three years since its IPO.

Dividend Insights

Moelis & Co. has a dividend payout ratio of 68.2%, which indicates that it distributes approximately $0.68 for every $1.00 earned. The dividend payout ratio reflects how much money a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, or to add to its cash reserves.

According to analysts’ estimates, Moelis & Co. is forecasted to report earnings of $2.20 which is comfortably below the Company’s annualized dividend of $1.48.

Moelis & Co. continues to maintain a strong financial position, and as of June 30, 2017, it had no debt or goodwill, and it held cash and liquid investments of $258.1 million, before payment of the special dividend which totaled $55.9 million. The strong financial position indicates the Company’s ability to absorb any fluctuations in earnings and cash flow and sustain dividend distribution for a long period.

About the Company

Moelis & Co. is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments, and financial sponsors. The Company assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Co.’s experienced professional’s advice clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Company serves its clients with about 650 employees based in 17 offices in North and South America, Europe, Middle-East, Asia, and Australia.

Recent Development for Moelis & Co.

On July 24, 2017, Moelis & Co. reported financial results for the second quarter ended June 30, 2017. The Company’s revenues came in at $172.1 million for Q2 2017, increasing 31% over the prior year’s same period and represented its largest second quarter of revenues since inception.

For Q2 2017, Moelis & Co. posted GAAP net income of $49.5 million, or $0.57 per share (diluted), compared with $26.2 million, or $0.29 per share (diluted), in Q2 2016. On an adjusted basis, the Company reported net income of $41.5 million, or $0.66 per share (diluted), for the second quarter of 2017 compared with $19.8 million of net income, or $0.35 per share (diluted), in the prior year’s same period.

Stock Performance

At the closing bell, on Friday, July 28, 2017, Moelis’ stock slipped 1.36%, ending the trading session at $39.75. A total volume of 589.81 thousand shares have exchanged hands, which was higher than the 3-month average volume of 289.46 thousand shares. The Company’s stock price skyrocketed 11.17% in the last three months, 18.77% in the past six months, and 68.84% in the previous twelve months. Moreover, the stock surged 20.35% since the start of the year. The stock is trading at a PE ratio of 19.89 and has a dividend yield of 3.72%. The stock currently has a market cap of $2.11 billion.

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SOURCE: Pro-Trader Daily

ReleaseID: 470039

Research Desk Line-up: IDEX Corp. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Rockwell Automation Inc. (NYSE: ROK), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ROK. The Company US based and Taiwan based Hon Hai Precision Industry Co., Ltd (“Foxconn”) announced on their collaboration on July 28, 2017. As per the collaboration, Foxconn has chosen Rockwell to implement smart manufacturing concepts like Connected Enterprise and Industrial Internet of Things (IIoT) at Foxconn’s Consumer Electronics Assembly Operations at the new manufacturing facilities in the US. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Diversified Machinery industry. Pro-TD has currently selected IDEX Corporation (NYSE: IEX) for due-diligence and potential coverage as the Company announced on July 25, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Tune into our site to register for a free membership, and be among the early birds that get our report on IDEX Corp. when we publish it.

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http://protraderdaily.com/optin/?symbol=IEX

Rockwell did not share the financial aspects of the collaboration in its press communication.

Commenting on the collaboration, Terry Guo, Chairman and CEO of Foxconn said:

“I am very excited about the opportunity for Foxconn and Rockwell Automation to work together. Foxconn is the global leader in electronic design manufacturing, and Rockwell Automation is the world’s largest Company dedicated to industrial automation and information. I am confident that together we will increase operational efficiencies in electronics manufacturing to new levels, achieving the vision of Smart Manufacturing and Made in China 2025.”

Blake Moret, President and CEO of Rockwell Automation commented:

“We are excited about the opportunity to work with a global technology and manufacturing leader to deliver advanced IIoT solutions to the electronics manufacturing industry. Our work with Foxconn will further demonstrate the power and broad applicability of The Connected Enterprise. We are also pleased that Foxconn shares our commitment to expanding and upskilling the US workforce to ensure there is the necessary talent for advanced manufacturing roles.”

Scope of the collaboration

Apart from the implementation of Connected Enterprise and IIoT at Foxconn’s Consumer Electronics Assembly Operations, the scope of collaboration between the two Companies also extends to the development and application of the Smart Manufacturing solutions at Foxconn’s Global Electronics Assembly Operations. Foxconn, in turn, has agreed to support Rockwell Automation ‘s initiative to train and upskill 1,000 Military Veterans yearly in next generation advanced digital manufacturing roles across the US and both Companies have agreed to jointly work on workforce development and training. With Foxconn’s plans to invest heavily in the manufacturing sector in the US, the Company is expected to create a host of new jobs in this sector. This will be complementary to Rockwell Automation’s initiative. In June 2017, Rockwell Automation had joined hands with ManpowerGroup (NYSE: MAN) for this venture which would start the training and upskill 1,000 veterans annually by FY18. The initiative is expected to create a highly-trained talent pool which would be in great demand in the advanced manufacturing sector.

Foxconn’s Plans in US

In June 2017, during the Company’s AGM speech, Terry Gou had said that his Company would invest more than $10 billion over a five-year period in the US, which will lead to the creation of tens of thousands of new jobs in the US. On July 26, 2017, at a White House event, President Donald Trump welcomed Foxconn and announced the Company’s plans for investing $10 billion and creating jobs in the US. Foxconn plans to build a state-of-the-art factory for the manufacture of LCD (liquid-crystal display) panels for television and computer screens in southeastern Wisconsin. This factory is expected to start operations in 2020 and initially provide 3,000 jobs. It also “has the potential to” create 13,000 jobs in the next six years. Each of this position is expected to have an average annual salary of nearly $54,000.

Following this, on July 27, 2017, Foxconn’s Terry Gou and Scott Walker, Governor of Wisconsin signed a Memorandum of Understanding (MoU). As per the MoU, the government will assist Foxconn in procuring land for building a factory and the requisite permits for the same. The factory is expected to be built over 20 million square feet, large enough to hold 11 football fields. The state government has also agreed to provide more than $3 billion in tax breaks to Foxconn. So far, Foxconn is yet to finalize a site for the manufacturing facility and is exploring several alternatives. The investment is expected to improve the economic and employment outlook of the state.

About Rockwell Automation

Milwaukee, Wisconsin based, Rockwell Automation is a global leader in industrial automation and information. The Company’s flagship brands Allen-Bradley® and Rockwell Software® are known for innovation and excellence across the world. Rockwell Automation serves customers in more than 80 countries and is supported by a global team of around 22,000 employees.

The Company’s global sales for the fiscal year 2015 were $6.3 billion.

About Foxconn

Hon Hai Precision Industry Co., Ltd is also known as Foxconn Technology Group and is more popular as the assemblers for Apple’ iPhones. Foxconn was established in 1974 by Terry Gou as a manufacturer of electronic products. Foxconn is a globally trusted name in contract manufacturing services including CEM, EMS, ODM, and CMMS and is known for its proprietary 3C (Computer, Communication, and Consumer-electronics) OEM service business model – eCMMS. Recently, Foxconn has expanded into technology services and offers the most comprehensive technology and manufacturing solutions to its customers.

In August 2016, Foxconn completed the acquisition of Japanese electronics major Sharp Corp. in a deal worth approximately $3.5 billion.

Last Close Stock Review

At the closing bell, on Friday, July 28, 2017, Rockwell Automation’s stock marginally slipped 0.30%, ending the trading session at $164.47. A total volume of 653.35 thousand shares have exchanged hands. The Company’s stock price soared 4.52% in the last three months, 9.10% in the past six months, and 41.50% in the previous twelve months. Moreover, the stock rallied 22.37% since the start of the year. The stock is trading at a PE ratio of 27.45 and has a dividend yield of 1.85%. The stock currently has a market cap of $21.25 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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SOURCE: Pro-Trader Daily

ReleaseID: 470040

VANCOUVER, BC / ACCESSWIRE / July 31, 2017 / CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to announce that the application to construct North America’s first and only Education Mega Center in downtown Surrey, B.C. has received approval of the Design Panel of the city’s planning department. Staff will submit its recommendation to Surrey City Council for further approval on September 11th, 2017.

The Design Panel approval was based on a 625 feet tall concrete tower with 55 stories (63 stories if several double height floors are factored in), approximately 550,000 square feet of mixed use retail, commercial, education, residential, hotel and amenity space. The site of the future GEC Education Mega Center™ is strategically located across the street from the Surrey campuses of Simon Fraser University and Kwantlan Polytechnic University. It sits directly across from the Surrey Central SkyTrain station and the public transit bus loop, and is steps away from a planned Light Rail Transit station.

The total budget for the Education Mega Center™ is approximately $271 million. Equity investment for phase 1 sold-out in February 2017, and equity financing for phase 2 will start shortly.

“We are very pleased with the efficiency of the City’s planning approval process,” commented Toby Chu, Chairman, President and CEO of CIBT Education Group, “Based on current data, the Education Mega Center™ will become the second tallest buildings in the Greater Vancouver area, approximately 30 to 100 feet taller than the Georgia Hotel Residence Tower, Sheraton Wall Centre and the recently completed Trump Tower, and about 20 feet shorter than the Shangri-La Hotel, all located in downtown Vancouver. Upon completion, the Education Mega Center™ will become an iconic landmark and the tallest building in the city of Surrey.”

Mr. Chu further commented, “In addition to its iconic status and its proximity to Simon Fraser University and Kwantlan Polytechnic University, there will be approximately 15 to 20 educational institutions within the Education Mega Center™ itself making it the ideal choice for students to study and live. The Education Mega Center™ will have hotel and residential facilities to house over 1,400 students and hotel guests, supporting amenities including an electronic library, cafeteria, computer centre, study areas, quiet lounges, fitness centre, yoga room, laundry room, meeting and video conference rooms, office space and a coffee/tea lounge at the 55th floor 600 feet above ground. The Education Mega Center™ is expected to add substantial value to the B.C. education sector by providing a turn-key platform for a variety of educational institutions wishing to expand their presence to B.C., enabling these institutions to capture a piece of the international education market by having a physical presence in Metro Vancouver. The hotel serviced apartments and amenities of the Education Mega Center™ will create a clean, safe and convenient location for all visiting guests and students from across Canada and abroad.”

About CIBT Education Group:

CIBT Education Group Inc. is one of the largest education and student housing investment companies in Canada, focused on the global education market since 1994. Listed on the Toronto Stock Exchange and U.S OTCQX International, CIBT owns business and language colleges, student housing properties, recruitment centers and corporate offices at 44 locations in Canada and abroad. Total annual enrollment for the group exceeds 15,000 students. Its education providers include Sprott Shaw College (established in 1903), Sprott Shaw Language College, Sprott Shaw College International, Urban International School (Toronto), Vancouver International College and CIBT School of Business. Through these schools, CIBT offers business and management programs in healthcare, hotel management, language training, Ontario high school diploma and over 150 career, language and vocational programs. CIBT’s property investments are held by Global Education City Holdings Inc., an investment holding, and management company focused on developing education related real estate such as student hotels, serviced apartments and education super centers totaling over $600 million. CIBT also owns Global Education Alliance (“GEA”) and Irix Design Group (“Irix Design”). GEA recruits international students for many elite kindergarten, primary and secondary schools, colleges and universities in North America. Irix Design is a leading design and advertising company based in Vancouver, Canada. Visit us online and watch our corporate video at www.cibt.net.

Toby Chu
Chairman, President and Chief Executive Officer
CIBT Education Group Inc.

Investor Relations Contact: 1-604-871-9909 extension 318 or | Email: info@cibt.net

FORWARD-LOOKING STATEMENTS:

Some statements in this news release contain forward-looking information (the “forward-looking statements”) about plans for GEC Education Mega Center™ in which CIBT has invested. Forward-looking statements are statements that are not historical facts and in this news release include, without limitation, statements as to the expected impact of GEC Education Mega Center™ upon its completion. The forward-looking statements are subject to various risks, uncertainties and other factors (collectively, “Risks”) that could cause CIBT’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. The Risks include, without limitation, the ability to raise equity investment and secure other required funding to acquire the project, usual construction risks, and the ability to obtain all required municipal approvals. Forward-looking statements are based on the beliefs, opinions and expectations of CIBT’s management at the time they are made, and CIBT does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.

SOURCE: CIBT Education Group Inc.

ReleaseID: 470024