Follow-on

In cricket, a follow-on is where the team that bats second is forced to take its second batting innings immediately after its first, because the team was not able to get close enough to the score achieved by the first team batting in the first innings. If the second team to bat scores substantially fewer runs than the first team, the first team have the option of enforcing the follow-on, instructing the second team to bat again immediately. In this case the sequence of batting innings will be first team, second team, second team and then, if needed, the first team again. This is in contrast to the normal progression of batting innings which is first team, second team, first team, second team.

The rules governing the circumstances in which the follow-on may be enforced are found in Law 13 of the Laws of Cricket.

Minimum lead

The number of runs by which a team must lead to enforce the follow-on upon its opponent is determined by Law 13 of the Laws of cricket, which takes the length of the match into consideration:

Follow On (hymn)

"Follow On", also known in certain cases as "Down In The Valley With My Saviour I Would Go" and "I Will Follow Jesus", is a Christian hymn written in 1878 by William Orcutt Cushing. The music for it was composed in 1880 by both Robert Lowry and W. Howard Doane.

History

The hymn was originally written as a Baptist hymn and it is also used by the Salvation Army. The lyrics are based on the Biblical verse in Hosea 6:3.

Cushing wrote this hymn in New York after he became a Christian minister in 1854; he started writing hymns in 1870 when his health declined, forcing him to retire. He wrote more than three hundred hymns.

Cushing once said about his inspiration to write it:

Present day

The hymn started to get dropped from certain hymn books during the 1960s; however it is still contained in Baptist hymnals. There is now a movement to bring back certain traditional hymns such as "Follow On" into current usage.

The hymn's music has been adopted for the anthem of the Scottish association football club, Rangers, in their club anthem, "Follow Follow". There have been disagreements over the Rangers fans' usage of the hymn's music as their anthem with claims such as from the Boy's Brigade complaining that using it and changing the lyrics prevented it from remaining a major hymn in their organization because of the association with Rangers. The original hymn was sung at their Ibrox Stadium in Glasgow on 3 January 2011 at a memorial service for the sixty-six victims of the Ibrox disaster and their families and friends.

Follow-on offering

A follow-on offering (often but incorrectly called secondary offering) is an issuance of stock subsequent to the company's initial public offering. A follow-on offering can be either of two types (or a mixture of both): dilutive and non-dilutive. A secondary offering is an offering of securities by a shareholder of the company (as opposed to the company itself, which is a primary offering). A follow on offering is preceded by release of prospectus similar to IPO: a Follow-on Public Offer (FPO).

For example, Google's initial public offering (IPO) included both a primary offering (issuance of Google stock by Google) and a secondary offering (sale of Google stock held by shareholders, including the founders).

In the case of the dilutive offering, the company's board of directors agrees to increase the share float for the purpose of selling more equity in the company. This new inflow of cash might be used to pay off some debt or used for needed company expansion. When new shares are created and then sold by the company, the number of shares outstanding increases and this causes dilution of earnings on a per share basis. Usually the gain of cash inflow from the sale is strategic and is considered positive for the longer term goals of the company and its shareholders. Some owners of the stock however may not view the event as favorably over a more short term valuation horizon.