NZX considered higher earnout target for Clear

Edit Scoop 21 May 2016
May 20 (BusinessDesk) - NZX looked at a tougher earnout hurdle for the sellers of the Clear Grain Exchange which would have got the platform beyond the breakeven target eventually agreed on, the High Court in Wellington heard today ... ....

“We’ll sell Lloyds Banking Group plc at any price”

Edit The Motley Fool 21 May 2016
LLOY) share sale in January, but now a Treasury mandarin has confirmed it’s back on for this year — even with the share price languishing below the Government’s breakeven level ... Owain Bennallack owns shares of Lloyds Banking Group ... ....

Fitch Affirms Danske Bank's Category D Covered Bonds at 'AAA'; Outlook Stable (Fitch Inc)

Edit Public Technologies 20 May 2016
The rating is based on Danske's Long-term Issuer Default Rating (IDR) of 'A', an unchanged IDR uplift of 2, an unchanged Discontinuity Cap (D-Cap) of 3 (moderate high risk) and the 14.8% overcollateralisation (OC) that Fitch takes into account in its analysis, which provides more protection than the 10% 'AAA' breakeven OC for the programme....

Fitch Affirms UniCredit Bank AG's Public Sector Pfandbriefe at 'AAA'; Outlook Stable (Fitch Inc)

Edit Public Technologies 20 May 2016
The rating reflects HVB's Long-term Issuer Default Rating (IDR) of 'A-', the unchanged Discontinuity Cap (D-Cap) of 5 notches (low risk), an IDR uplift of 2 notches and the 36.9% overcollateralisation (OC) that Fitch takes into account in its analysis, which provide more protection than the 'AAA' breakeven OC of 15.0% ... HVB's 'AAA' breakeven OC has decreased to 15.0% from 15.5% previously....

The big questions: Hawks v Swans (Hawthorn Football Club)

Edit Public Technologies 20 May 2016
(Source. Hawthorn Football Club). Will Hawthorn's runners be up and about? ... Will we see another bag of goals from Gunston? ... Are the Hawks turning the corner? ... They are starting to kick bigger scores having broken the 100-point barrier in both games, and also starting to win or breakeven with their opposition in key statistical areas, which is a good sign heading into a huge game against the Swans ... (noodl. 33649156) ....

Destination XL Group, Inc. Reports First-Quarter 2016 Financial Results

Edit Stockhouse 20 May 2016
A net loss of $(0.09) per diluted share to breakeven (unchanged). On a non-GAAP basis, an adjusted net loss of $(0.05) per diluted share to breakeven (unchanged) ... million to $25.6 million), resulting in total free cash flow in the range of $5.0 million to $10.0 million (an increase from the Company’s previous guidance of breakeven to $5.0 million)....

Fitch: IMF Deal Supports Iraq in Face of Multiple Challenges (Fitch Inc)

Edit Public Technologies 20 May 2016
(Source. Fitch Inc). 20 May 2016 9.22 AM EST. Fitch Ratings-London-20 May 2016. The staff-level agreement between Iraq and the IMF for a three-year Stand-By Arrangement (SBA), under which Iraq could access USD5.4bn of financial assistance, is credit positive, Fitch Ratings says ... Government expenditure increased rapidly before the oil price collapse in 2014, creating a fiscal breakeven oil price above USD100/barrel ... Contact.. Toby Iles ... Iraq....

Destination XL Group, Inc. Reports First-Quarter 2016 Financial Results (Destination XL Group Inc)

Edit Public Technologies 20 May 2016
A net loss of $(0.09) per diluted share to breakeven (unchanged). On a non-GAAP basis, an adjusted net loss of $(0.05) per diluted share to breakeven (unchanged) ... million to $25.6 million), resulting in total free cash flow in the range of $5.0 million to $10.0 million (an increase from the Company's previous guidance of breakeven to $5.0 million)....

Fitch Downgrades Covenant Health, MA (dba Covenant Health System) Revs to 'A-'; Outlook Negative (Fitch Inc)

Edit Public Technologies 20 May 2016
(Source. Fitch Inc). 20 May 2016 2.09 PM EST. Fitch Ratings-New York-20 May 2016 ... The Rating Outlook remains Negative. SECURITY. The bonds are secured by a gross revenue pledge of the obligated group and a mortgage pledge on St. Joseph Hospital in Nashua, NH. KEY RATING DRIVERS. WEAKER PERFORMANCE PERSISTS ... CH generated approximately breakeven operating margins over the last four audited years, including a negative 1.5% in fiscal 2015 ... (noodl....

Fitch Affirms Rhode Island Turnpike & Bridge Auth's Rev Bonds at 'A'; Outlook Revised to Stable (Fitch Inc)

Edit Public Technologies 20 May 2016
(Source. Fitch Inc). 20 May 2016 12.26 PM EST. Fitch Ratings-New York-20 May 2016. Fitch Ratings has affirmed its 'A' rating on approximately $56 million of Rhode Island Turnpike and Bridge Authority's (RITBA, or the authority) revenue bonds ... Midrange ... Midrange ... Fitch rating case average DSCR of 1.78x and a toll revenue growth breakeven of 1.6% based on conservative future assumptions are reflective of a solid 'A' category toll road credit....

QAD Reports Fiscal 2017 First Quarter Financial Results (QAD Inc)

Edit Public Technologies 20 May 2016
(Source. QAD Inc). ANTA BARBARA, Calif. - May 19, 2016 - QAD Inc. (NASDAQ. QADA) (NASDAQ. QADB), a leading provider of enterprise software and services designed for global manufacturing companies, today reported financial results for the fiscal 2017 first quarter ended April 30, 2016 ... Subscription revenue of $11.5 million, versus $9.4 million ... Other expense of $900,000, compared with breakeven, resulting from foreign currency movement ... When....

New York & Company, Inc. Announces 2016 First Quarter Results and Introduces Q2 Guidance (New York & Company Inc)

Edit Public Technologies 19 May 2016
(Source. New York & Company Inc). NEW YORK--(BUSINESS WIRE)--May 19, 2016-- New York & Company, Inc ... Specifically.. 1 ... 2 ... 3 ... Operating results on a GAAP basis for the second quarter of fiscal year 2016 are expected to be in the range of approximately breakeven to $1 million of operating income, as compared to operating income of $0.4 million in the prior year, reflecting anticipated diluted earnings per share in the range of $0.00 to $0.01....

Fitch Places CBK Public Sector Pfandbriefe on RWN; Mortgage Pfandbriefe Unaffected (Fitch Inc)

Edit Public Technologies 19 May 2016
In its modelling, Fitch expects this to lead to higher breakeven OC levels for a given rating than is currently the case for the CBK programme ... The current breakeven OC to maintain the 'AAA' rating is 16% ... The current breakeven OC for the 'AAA' rating is 10% ... Therefore the breakeven OC to maintain the covered bond rating cannot be assumed to remain stable over time....
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