European Forum – Family Mediation http://europeanforum-familymediation.com/ Tue, 21 Jun 2022 08:52:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://europeanforum-familymediation.com/wp-content/uploads/2021/03/europenaforumfamilymediation-icon-70x70.png European Forum – Family Mediation http://europeanforum-familymediation.com/ 32 32 Akbank Uses Prescriptive FICO Analytics to Increase Credit Card Approvals by 45% and Limits by 60% https://europeanforum-familymediation.com/akbank-uses-prescriptive-fico-analytics-to-increase-credit-card-approvals-by-45-and-limits-by-60/ Tue, 21 Jun 2022 08:00:00 +0000 https://europeanforum-familymediation.com/akbank-uses-prescriptive-fico-analytics-to-increase-credit-card-approvals-by-45-and-limits-by-60/

First Turkish retail bank Wins FICO® Decisions Award for AI, Machine Learning and Optimization Using FICO Decisions Optimization Technology

LONDON, June 21, 2022–(BUSINESS WIRE)–FICO (NYSE: FICO):

Strong points:

  • Akbank complied with complex regulations while increasing credit card approvals by 45% and approved limits by 60%

  • Akbank will realize a 129% increase in profits from the solution

  • Akbank Won a 2022 FICO® Decisions Award for AI, Machine Learning and Optimization

Akbank, one of Turkey’s largest retail banks, has improved the way it offers consumers new credit cards and credit limit increases by leveraging mathematical optimization and stock modeling/ effects from the world leader in FICO analysis. Using FICO prescriptive analytics helps the bank comply with stringent national laws regarding credit offerings while increasing credit card approvals by 45% and credit limits by 60%.

For his achievements, Akbank won a 2022 FICO® Decisions Awards for AI, Machine Learning and Optimization.

More information: https://www.fico.com/en/products/fico-decision-optimizer

“Growth of credit card wallet market share and revenue depends on the level of credit limits approved for customers”, said Serhan Pak, Senior Vice President of Retail Lending and Advanced Credit Analytics at Akbank. “However, credit loss is also affected by assigned limits. Therefore, limit assignment is an area that we believe would benefit from optimization.”

Turkey’s market regulator stipulates that a consumer’s total credit card limit cannot exceed twice their monthly income in the first year and four times their income after the first year. This rule meant that Akbank had to include existing credit cards from other banks in its optimization model.

Akbank’s profit model also had to take into account the many options available to customers in the market, such as paying by installments, deferring payments or withdrawing cash advances with installment repayment options. This meant that from a profit perspective, even though a credit card is a single product, it can behave like four different products.

“The profit model of the product turned out to be very complex”, said Pack. “In addition to regulatory and product considerations, we had to take into account pandemic lockdowns, which impacted the number of inquiries, customer profiles and channel mix. Provisions were also made for the impact of rising inflation on revenue calculations and historical earnings.”

FICO® Decision Optimizer was used to design strategies and set limits for initial line of credit (ICL) and increase line of credit (CLI) transactions at Akbank. The project aimed to help the bank understand and model the likely reactions of customers to various offers and what the trade-offs would be when incremental changes were made to different business objectives.

The application of action/effect modeling was a new methodology for Akbank. This improved the quality of decisions by incorporating customer feedback into decision models, leading to improved forecasting.

“A major challenge was the legal caps imposed by the regulator,” said Pack. “There was a high risk of change in the Covid era that we had to plan for. To overcome this, the team came up with the solution that combines both uncapped and capped flows in the same project, which does not hadn’t been done before in Decision Optimizer.”

Legal caps on a consumer’s revenue-to-limit ratio are applied as a consideration, but not as a direct cap on the optimized limit, during the optimization process. This provides greater flexibility and speed because the optimization results do not depend directly on these caps but take into account their impact when the strategy is deployed in the real world. Through this process, regulatory changes can be implemented and managed quickly and their impact assessed. This dual structure allows Akbank to be more flexible to market changes compared to competitors who do not use uncapped optimized decision flows.

The most important benefit of optimization was the ability to see the trade-offs between different business goals. A framework was developed in Python to examine and visualize the results in great detail, which allowed Akbank to compare different strategies. Using techniques such as machine learning, action/effect modeling, optimization and extensive use of tools such as Python, Akbank has created a more analytical, flexible and integrated approach to strategic management.

“It was a conceptually difficult problem”, said Graham Rand, operational researcher and publisher of Impact and one of the judges for the FICO Decisions Awards. “The nature of what Akbank was targeting and the fact that they had to consider competing banks in Turkey, as well as optimizing for both capped and uncapped scenarios, demonstrates their decision-making sophistication.”

The credit card optimization project has been a great success for Akbank. The optimized strategies enabled the bank to comply with complex regulations while increasing credit card approvals by 45% and approved limits by 60%. This was achieved while maintaining the same credit losses. Akbank expects to realize a 129% increase in profits from its credit card portfolio using the solution.

“In today’s world, consumers have more options and the stakes are high when it comes to capturing more market share,” said Nikhil Behl, Director of Marketing at FICO. “Akbank has demonstrated how a lender can leverage its analytics capabilities with optimization to increase loan profits.”

About Akbank

Akbank’s core business is banking business, which includes corporate and investment banking, commercial banking, SME banking, retail banking, payment systems, treasury transactions and private banking, and international banking. In addition to traditional banking activities, the Bank also carries out insurance agency activities through its branches, on behalf of Ak Insurance and AgeSA Life and Pensions A.Ş.

With a strong and extensive national distribution network of 716 branches employing over 12,000 employees, Akbank operates from its headquarters in Istanbul and 19 regional branches across Turkey. In addition to providing services in branches, its traditional delivery channel, Akbank also serves approximately 18 million customers through Akbank Internet, Akbank Mobile, call center, approximately 5,000 ATMs and more than 600,000 terminals. point of sale.

About the FICO® Decisions Awards

The FICO Decisions Awards recognize organizations that achieve outstanding success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based on measurable improvement in key metrics; demonstrated use of best practices; the scale, depth and scope of the project; and innovative uses of technology. The 2022 judges are:

  • Sidhartha Dash, research director at Chartis

  • Paul Deal, Head of Risk, Mortgages at Westpac (previous winner)

  • Senthil Erulappan, Director, Merchant Product Engineering, Risk and Collections at FIS

  • Armand Junior, Managing Director, Risk and Compliance at Dock (previous winner)

  • Sheila Leverone, head of marketing at eDriving (previous winner)

  • Sibulelo Ncamani, head of operational risk and governance at Absa Bank (former winner)

  • Graham Rand, operational researcher and publisher of Impact

  • Dinesh Suresh, Manager, Digital Constructs for Consumer Secured Loans at OCBC Bank (former winner)

About FICO

FICO (NYSE: FICO) powers the decisions that help people and businesses around the world thrive. Founded in 1956 and based in Silicon Valley, the company pioneers the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 U.S. and foreign patents on technologies that increase profitability, customer satisfaction, and business growth in financial services, manufacturing, telecommunications, healthcare, retail, and many other industries. . With FICO solutions, businesses in more than 120 countries are doing everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of planes and rental cars are in the right place at the right time.

Learn more at www.fico.com.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220621005032/en/

contacts

FICO UK PR Team
Wendy Harrison/Parm Heer/Matthew Enderby
ficoteam@harrisonsadler.com
0208 977 9132

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🌱 Suspicious death in a car accident + Track athlete of the year + Local jobs https://europeanforum-familymediation.com/%f0%9f%8c%b1-suspicious-death-in-a-car-accident-track-athlete-of-the-year-local-jobs/ Mon, 20 Jun 2022 22:20:44 +0000 https://europeanforum-familymediation.com/%f0%9f%8c%b1-suspicious-death-in-a-car-accident-track-athlete-of-the-year-local-jobs/

Hello again, neighbors. It’s Tuesday in Catonsville and I’m back in your inbox with everything good to print on what’s happening in town. Here is…


First, today’s weather forecast:

A fleeting shower in the morning. High: 83 Low: 63.


Big love to our first local sponsor. We couldn’t keep the community informed without you!

Are you looking to buy or sell a house in the Catonsville area? Speak to Benjamin Meyer at EXP Realty. Benjamin was born and raised in Catonsville and has extensive knowledge of the community and the local real estate market. Benjamin works with buyers, sellers and investors. Whatever your real estate goals, work with a trusted local expert with strong ties to our region. Visit Benjamin here to learn more.

Want to see your business featured in this spot? Click here to start.


Here are the top three stories in Catonsville today:

  1. On Sunday morning, June 19 at 4:35 a.m., Maryland Transportation Authority (MDTA) police investigated a single-vehicle crash on I-95 southbound at exit 50 near Catonsville. Officers discovered Sai Charan Nakka, 25, from Hannover, driving a silver 2022 Hyundai Tucson. Police said Nakka had several wounds including perhaps a gunshot wound to the head. He was taken to the R. Adams Cowley Shock Trauma Center and around 6:30 a.m. he was pronounced dead. The MDTA is asking anyone with information about Nakka, the silver 2022 Hyundai Tucson SUV, or suspicious activity along I-95 southbound in Baltimore to contact MDTA Police at 443-915-7727. (Baltimore Sun)
  2. Juliette Whittaker, a senior at Mount de Sales Academy in Catonsville, has been named ‘Athlete of the Year’ by the Baltimore Sun for the 2022 All-Metro Women’s Outdoor Athletics Teams. Catonsville High School senior Myla Abernathy made second-team All-Metro. (Baltimore Sun)
  3. Looking for work in the Catonsville area? Check the link to see the latest job opportunities in your area. (Catonsville patch)

Help us improve this newsletter!

We’ve had so many positive comments on the Catonsville Daily that we’re starting to get a big head. Want to bring us back to earth with constructive feedback? If so, take our simple – and fast! — reader survey. Your feedback will help us make sure we’re covering the kind of local news, events and gossip that really matters to you. And it will help us achieve our goal of being an indispensable local resource and the last email you unsubscribe from.

We would so appreciate your feedback that if you complete the survey, we will enter your email address in a drawing for a little patch swag mountain. You know you want this tote bag – so click the link and give it to us direct. Thanks!

Take the survey 👉


Today in Catonville:

  • Catonsville Cooperative Market At 1905 Edmondson Avenue (4:30 p.m.)
  • Make the Music Festival 2022 At Catonsville Branch: Baltimore County Library (6:00 p.m.)

From my notebook:

  • The 4th of July is almost here! Get to know the fireworks laws in Maryland. Click here to learn more. (Twitter)
  • Don’t forget, the Catonsville Farmers Market at 5820 Edmondson Avenue is tomorrow, June 22! The market accepts Cash, SNAP (NOW unlimited match), Credit and Debit cards. See the link for more details. (Catonsville patch)

More from our sponsors – please support the local news!

Events:

  • Medical Cannabis Telemedicine Reviews (June 21)
  • The 9th Annual Mike Marks Memorial Golf Outing to Benefit Sophie and Madigan’s Playground (June 24)
  • 2nd Annual Oakland Summer Craft Fair (June 25)
  • Children’s Summer Camp (June 27)
  • New Retirement Savings Webinar (June 27)
  • Add your event

You’re all caught up for today. I’ll see you in your inbox tomorrow with another update!

Rose Mendez

About me: Rose Mendez is a freelance writer. She is studying English Literature at Hunter College. She loves to read, walk around the city and have a coffee!

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Is the recent performance of Tiangong International Company Limited (HKG:826) shares related to its strong fundamentals? https://europeanforum-familymediation.com/is-the-recent-performance-of-tiangong-international-company-limited-hkg826-shares-related-to-its-strong-fundamentals/ Mon, 20 Jun 2022 07:46:01 +0000 https://europeanforum-familymediation.com/is-the-recent-performance-of-tiangong-international-company-limited-hkg826-shares-related-to-its-strong-fundamentals/

Tiangong International (HKG:826) has had a strong run in the equity market with a significant 17% rise in its shares over the past month. Given the company’s impressive performance, we decided to take a closer look at its financial metrics, as a company’s long-term financial health usually dictates market outcomes. In this article, we decided to focus on the ROE of Tiangong International.

Return on Equity or ROE is a test of how effectively a company increases its value and manages investors’ money. In simpler terms, it measures a company’s profitability relative to equity.

Check out our latest analysis for Tiangong International

How do you calculate return on equity?

The return on equity formula is:

Return on equity = Net income (from continuing operations) ÷ Equity

So, based on the above formula, the ROE for Tiangong International is:

9.7% = 672 million Canadian yen ÷ 6.9 billion domestic yen (based on the last twelve months to December 2021).

The “return” is the annual profit. This means that for every HK$1 of equity, the company generated HK$0.10 of profit.

What does ROE have to do with earnings growth?

We have already established that ROE serves as an effective profit-generating indicator for a company’s future earnings. Depending on how much of its profits the company chooses to reinvest or “keep”, we are then able to assess a company’s future ability to generate profits. Generally speaking, all things being equal, companies with high return on equity and earnings retention have a higher growth rate than companies that do not share these attributes.

Tiangong International profit growth and ROE of 9.7%

For starters, Tiangong International seems to have a respectable ROE. Regardless, the company’s ROE is still well below the industry average of 12%. That said, the significant net income growth of 34% over five years reported by Tiangong International is a pleasant surprise. Therefore, there could be other causes behind this growth. For example, it is possible that the management of the company has made good strategic decisions or that the company has a low payout ratio. Keep in mind that the company has a respectable ROE. It’s just that the industry’s ROE is higher. So that certainly provides some context to the strong earnings growth the company is seeing.

As a next step, we benchmarked Tiangong International’s net income growth with the industry, and fortunately, we found that the growth the company saw was higher than the industry average growth of 24%.

SEHK: 826 Past Earnings Growth June 20, 2022

Earnings growth is an important metric to consider when evaluating a stock. It is important for an investor to know whether the market has priced in the expected growth (or decline) in the company’s earnings. This will help them determine if the future of the title looks bright or ominous. A good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings outlook. So, you might want to check if Tiangong International is trading on a high P/E or a low P/E, relative to its industry.

Does Tiangong International use its profits effectively?

Tiangong International’s three-year median payout ratio is a rather moderate 30%, meaning the company retains 70% of its revenue. On the face of it, the dividend is well covered and Tiangong International is effectively reinvesting its earnings, as evidenced by its exceptional growth discussed above.

Additionally, Tiangong International is committed to continuing to share its profits with shareholders, which we infer from its long history of paying dividends for at least ten years. Based on the latest analyst estimates, we found that the company’s future payout ratio over the next three years is expected to remain stable at 30%. However, Tiangong International’s ROE is expected to reach 12% despite no expected change in its payout ratio.

Conclusion

Overall, we believe Tiangong International’s performance has been quite good. Specifically, we like that he reinvested a large portion of his profits at a moderate rate of return, which resulted in increased profits. That said, a study of the latest analyst forecasts shows that the company should see a slowdown in future earnings growth. Are these analyst expectations based on general industry expectations or company fundamentals? Click here to access our analyst forecast page for the company.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Office of Planning Regulator refuses to attend Dublin City Council meeting to explain ordinances on build-to-let schemes – The Irish Times https://europeanforum-familymediation.com/office-of-planning-regulator-refuses-to-attend-dublin-city-council-meeting-to-explain-ordinances-on-build-to-let-schemes-the-irish-times/ Sun, 19 Jun 2022 19:03:31 +0000 https://europeanforum-familymediation.com/office-of-planning-regulator-refuses-to-attend-dublin-city-council-meeting-to-explain-ordinances-on-build-to-let-schemes-the-irish-times/

The Office of the Planning Regulator (OPR) has for the second time refused to attend a meeting of Dublin City Council to explain its ordinances on build-to-let (BTR) schemes in the city.

Advisers from all parties and independents said the regulator’s “snub” was “an affront to democracy”.

The regulator has clashed with council and chief executive Owen Keegan over the council’s plans for BTR restrictions in the city’s next development plan. Councillors, senior planners and Mr Keegan said limits were needed to curb the unsustainable dominance of BTR apps in the city.

Earlier this year, Deputy Planning Regulator Anne Marie O’Connor asked council to remove policies from the draft development plan requiring 40 per cent of flats to be built to be larger than stipulated in departmental guidelines. The council has also been instructed not to block the development of small build-to-let projects of less than 100 apartments.

Responding to the regulator’s submission, Mr Keegan said the ‘overdominance’ of BTR schemes in Dublin has become ‘unsustainable’ with the potential to have ‘significant long-term negative impacts on the city’s housing needs “. He recommended councilors move ahead with restrictions on build-to-let schemes in the city’s new development plan.

Last month, councilors agreed to write to regulator Niall Cussen requesting his attendance, or that of a representative, at a council meeting to explain his opposition to BTR curbs. However, Mr Cussen refused, saying it would likely trigger a wave of similar demands from other local authorities.

Lord Mayor Alison Gilliland wrote again to Mr Cussen and Ms O’Connor inviting them to a meeting on Monday, noting councilors were calling on ‘the OPR to reconsider its position, noting a cross-party desire to hear from the office and engage in constructive dialogue”.

In response, Ms O’Connor wrote that it would be “not appropriate to attend” the meeting.

Councilors said the refusal to attend the meeting was undemocratic.

“We simply asked for a dialogue with the OPR at the town hall to bring more transparency and accountability to this process. This request was inexplicably denied and the possibility of democratic accountability was lost as a result,” they said in a statement.

“As a result, we have canceled Monday’s meeting and are rescheduling a meeting at a time determined by the OPR.”

In a statement on Sunday, the OPR said: “Contrary to the statement of DCC advisers, it is not for the OPR to force Dublin City Council (or any local authority) to comply with our recommendations. .” The OPR can recommend to the Minister for Housing whether to issue an instruction to a local authority, he said, but ‘it is ultimately the decision and legal function of the minister whether or not an instruction is issued’ .

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Caesars Sportsbook promo code offers $1,500 risk-free bet for Father’s Day https://europeanforum-familymediation.com/caesars-sportsbook-promo-code-offers-1500-risk-free-bet-for-fathers-day/ Sun, 19 Jun 2022 16:16:51 +0000 https://europeanforum-familymediation.com/caesars-sportsbook-promo-code-offers-1500-risk-free-bet-for-fathers-day/

With 15 MLB games spread throughout the day, it’s an ideal day to capitalize on Caesars Sportsbook’s current sign-up bonus. Caesars recently increased its first bet protection from $1,100 to $1,500, available using the latest Caesars Sportsbook promo code.

Create a Caesars account for the first time and enter Caesars Sportsbook promo code BROADXL15 after clicking any of the links on this page. This code releases a worry-free initial bet of $1,500 good on any game with any bet type.

There’s no NBA or NHL action today, a premise that will soon be the norm through August. However, that doesn’t mean a barren sports betting slate for Father’s Day. The day still includes the US Open final round, 15 MLB games and other random action. You can amp up the excitement this Father’s Day by locking in a risk-free $1,500 bet on any part of these events.

To become a Caesars member and enjoy a fully insured first bet of $1,500 via Caesars Sportsbook promo code BROADXL15, click here.

Current Caesars Sportsbook Promo Code Activates $1500 Zero Risk Bet

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Bettors who win on this first bet enjoy the added bonus of receiving their money back as cash. In other words, winning your first bet is the only hurdle Caesars forces you to jump to cash out. You are not required to gamble your winnings on the site as with so many other sign up bonuses. Of course, you can also choose to keep some or all of the money in your account and reinvest it.

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Redeem the Caesars Sportsbook promo code through these steps

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Eligible residents of WV, VA, TN, New York, New JerseyMI, LA, IN, IL, IA, CO and AZ are eligible for this offer.

More Father’s Day Bonuses Awaiting New Caesars Members

Obviously, the sign-up bonus discussed above speaks for itself in terms of value, convenience, and ease of use. However, you may wonder what happens once you finish using your risk free bet provided by the Caesars Sportsbook promo code. LARGEXL15. Well, luckily, Caesars makes sure every day is an incentive-packed day when you’re a Caesars Sportsbook patron.

In fact, members should check the app’s Promos and Boosts tabs daily, as they’re full of ever-changing extras. These tabs contain a range of profit boosts, parlay insurance, deposit matches, odds boosts and other risk-free bets. Here are some of the extra bonuses awaiting Caesars bettors on Father’s Day:

  • MLB Parlay Insurance – win a free bet if a single leg of your parlay misses.
  • 50% Table Insurance – play table games and collect up to $25 in table game bonuses if you lose.
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To become a Caesars member and enjoy a fully insured first bet of $1,500 via Caesars Sportsbook promo code BROADXL15, click here.

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Here’s the biggest risk pre-retirees face now, myself included | Chuck Jaffe https://europeanforum-familymediation.com/heres-the-biggest-risk-pre-retirees-face-now-myself-included-chuck-jaffe/ Sat, 18 Jun 2022 22:00:00 +0000 https://europeanforum-familymediation.com/heres-the-biggest-risk-pre-retirees-face-now-myself-included-chuck-jaffe/

This week, I found myself face to face in the mirror with 60-year-old Chuck. Until that moment, he was never someone I was afraid to meet.

I’ve been planning the meeting in 2027 that I’ll have with 65-year-old Chuck since I was 20 and started my professional career. I could barely afford to put anything aside, and yet I contributed to the pension plan because I knew that one day my 65-year-old self would show up asking me what I had done. of his money.

This future self haunted me for decades; whenever I was tempted to save less or spend more, the inevitable arrival of 65-year-old Chuck was my motivation to keep saving.

What I couldn’t have foreseen, however, is how much of an impact market and economic conditions might have on the run-up to and around his arrival. My 60th birthday this week – a day when the stock market was having one of its 200 worst days in history, no less – rang the bell on that.

It makes no difference that I don’t see myself retiring in the traditional sense for a long time, if ever. The juxtaposition of current conditions and a big anniversary was a wake-up call everyone, regardless of age, needed.

More specifically, what investors need to consider is “yield sequence risk”.

Of all the things you hear about the market, economy, and world events right now, yield streak risk may be the most personal, least understood, and least discussed.

Still, it proves the idea that the stock market doesn’t know or care when you need your money.

In all my focus on retirement, I never gave 55-year-old Chuck much worry until I went through a surprise divorce in my early 50s. The 55-year-old self is important because it’s the one that kickstarts retirement, the version of you whose decisions can catch up, or cut back and save and prepare for retirement takeoff or, alternatively, doom you to a retired life of struggling.

The market was moving forward when I reached my mid-fifties.

This is not the case as I enter my sixties.

For anyone nearing the end of their working life, it’s about to find out why many financial advisers describe the last 10 years of a job as “the fragile decade.”

Retiring during or just before a market downturn and the combination of withdrawals and poor performance can tap into a nest egg much faster than expected and make recovery difficult.

For proof, consider someone retiring with $500,000 in savings/investments, planning to take out $20,000 per year.

Keeping the math extremely simple, let’s say the market in its first decade of retirement will experience five years of 5% losses and five years of 10% gains.

If the five good years come first, the saver ends the decade with about $450,000 (having withdrawn $200,000 from the account in those years). If the good and bad years alternate, they have about $410,000 if their streak begins with a positive first year, and just under $395,000 if the first year is negative.

But if the first five years of the decade are the losing 5%, the investor will have about $370,000 left over, despite the big bounce at the end.

Now consider that we are currently in bearish territory, with the stock market down more than 20% from the highs. On my show, “Money Life with Chuck Jaffe,” I spoke with many pundits who see a prolonged downturn ahead, with the market stumbling until it hits a recession in 2023 or 24.

While it’s easy to ignore the gloomy predictions that see the market lose half or two-thirds of its value, consider that it’s already taken a big step forward.

When you’re gawking at the price at the gas pump or expressing your frustration at the high prices at the supermarket, it’s not hard to envision a significant drop from current levels.

So while you may not subscribe to the most pessimistic predictions, there’s no denying that they look more plausible today than they have at any time since the 2008 financial crisis.

And no matter what you think of the government and hope things are different, it’s clear the recession is coming. No political party has the power to stop it, although they can block it for a period of time.

It actually adds to the alarms in my 60-year-old head.

With retirement looming, I want this recession and downturn to happen as quickly as possible. The pieces are in place for a long-term economic recovery and a return to impressive long-term growth, but only after the economy has digested the bile and blockages that have built up over the past 15 years.

The sooner we swallow this bitter pill, the sooner we get past it, the better the environment for people my retirement age.

Research from Fidelity Investments suggests that a good retirement savings goal is to save 10 times your salary by age 67 (you’re said to be on the right track if you’ve saved your salary by age 30, have three times your salary at 40, six times by 50 and eight times by 60).

But it is a “guideline”, a starting point for building a plan.

This plan must also take into account the market and the economy.

If your plan is to hit a savings goal or life milestone and quit, that’s dangerous right now.

To ignore what the market is likely to do to your savings life over the next few years is to run headlong into trouble.

You may never have “timed the market”, but timing should be a factor in your life choices.

If you continue to be healthy and have a secure job, and more work time would create greater peace of mind in retirement simply by adjusting the market circumstances you will face when you resign, plan accordingly.

You will answer for your decisions to your ultimate future self, the one you face in the mirror every day of your retired life.

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Algonquin Power & Utilities Corp. (TSE:AQN) Stocks have fallen but fundamentals look good: will the market correct the stock price going forward? https://europeanforum-familymediation.com/algonquin-power-utilities-corp-tseaqn-stocks-have-fallen-but-fundamentals-look-good-will-the-market-correct-the-stock-price-going-forward/ Sat, 18 Jun 2022 14:17:05 +0000 https://europeanforum-familymediation.com/algonquin-power-utilities-corp-tseaqn-stocks-have-fallen-but-fundamentals-look-good-will-the-market-correct-the-stock-price-going-forward/

It’s hard to get excited after looking at the recent performance of Algonquin Power & Utilities (TSE:AQN), as its stock is down 12% in the past three months. But if you pay close attention, you might find that its leading financial indicators look pretty decent, which could mean the stock could potentially rise in the long run as markets generally reward more resilient long-term fundamentals. Specifically, we decided to study the ROE of Algonquin Power & Utilities in this article.

Return on equity or ROE is an important factor for a shareholder to consider as it tells them how much of their capital is being reinvested. In short, ROE shows the profit that each dollar generates in relation to the investments of its shareholders.

Check out our latest analysis for Algonquin Power & Utilities

How is ROE calculated?

Return on equity can be calculated using the formula:

Return on equity = Net income (from continuing operations) ÷ Equity

So, according to the formula above, the ROE for Algonquin Power & Utilities is:

3.2% = $242 million ÷ $7.6 billion (based on trailing 12 months to March 2022).

“Yield” refers to a company’s earnings over the past year. This therefore means that for every C$1 of investment by its shareholder, the company generates a profit of C$0.03.

What does ROE have to do with earnings growth?

So far, we have learned that ROE measures how efficiently a company generates its profits. Depending on how much of those earnings the company reinvests or “keeps”, and how efficiently it does so, we are then able to gauge a company’s earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and earnings retention, the higher a company’s growth rate compared to companies that don’t necessarily exhibit these characteristics.

Algonquin Power & Utilities Earnings Growth and ROE of 3.2%

It’s pretty clear that Algonquin Power & Utilities’ ROE is pretty weak. Not only that, even compared to the industry average of 8.7%, the company’s ROE is quite unremarkable. Despite this, surprisingly, Algonquin Power & Utilities has experienced exceptional net income growth of 36% over the past five years. We believe there could be other factors at play here. For example, it is possible that the management of the company has made good strategic decisions or that the company has a low payout ratio.

Then, comparing with industry net income growth, we found that Algonquin Power & Utilities’ growth is quite high compared to the industry average growth of 0.6% over the same period, which is great to see.

TSX: AQN Prior Earnings Growth June 18, 2022

Earnings growth is an important metric to consider when evaluating a stock. It is important for an investor to know whether the market has priced in the expected growth (or decline) in the company’s earnings. This will help them determine if the future of the title looks bright or ominous. Has the market priced in AQN’s future prospects? You can find out in our latest infographic research report on intrinsic value.

Is Algonquin Power & Utilities making effective use of its profits?

Algonquin Power & Utilities has a large three-year median payout ratio of 60%, which means the company retains only 40% of its revenue. This implies that the company has been able to achieve high earnings growth despite returning most of its profits to shareholders.

Additionally, Algonquin Power & Utilities is committed to continuing to share its earnings with shareholders, which we infer from its long history of paying dividends for at least ten years. Looking at current analyst consensus data, we can see that the company’s future payout ratio is expected to reach 90% over the next three years. However, Algonquin Power & Utilities’ future ROE is expected to increase to 9.0% despite the company’s expected increase in payout ratio. We infer that there could be other factors that could be driving the company’s anticipated ROE growth.

Summary

Overall, we believe Algonquin Power & Utilities certainly has positive factors to consider. That is, quite impressive revenue growth. However, low earnings retention means the company’s earnings growth could have been higher had it reinvested more of its earnings. That said, a study of the latest analyst forecasts shows that the company should see a slowdown in future earnings growth. Are these analyst expectations based on general industry expectations or company fundamentals? Click here to access our analyst forecast page for the company.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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New rental price statistics show 20% increase in SA, with Murray Bridge a hotspot https://europeanforum-familymediation.com/new-rental-price-statistics-show-20-increase-in-sa-with-murray-bridge-a-hotspot/ Fri, 17 Jun 2022 23:40:17 +0000 https://europeanforum-familymediation.com/new-rental-price-statistics-show-20-increase-in-sa-with-murray-bridge-a-hotspot/

Prices for private rentals have soared 20% over the past two years in South Australia, according to new figures from the SA Housing Authority.

Rents have particularly risen in towns south of Adelaide and at Murray Bridge, according to data gathered from bonds submitted to consumer and business services.

Although not as high, rent increases are more consistent in the Adelaide metro area, with rents in every postcode increasing over the past two years.

Statewide, the average rent for a home has risen to $350 to $420 for leases beginning in January-March 2022 from two years earlier.

The number of available homes has increased from 10,245 per quarter to 7,760.

Among the biggest increases are towns south of Adelaide, such as Willunga, Myponga, Sellicks Beach and Clarendon, where rents have risen by 40-67%, depending on location.

Julie Parsons, a McLaren Vale-based property manager, said the increase was due to strong demand for properties to buy — including from interstate people able to work from home — and low supply.

She said the area offered a country lifestyle while not being far from Adelaide or Victor Harbor.

“A lot of landlords sold, so tenants had to leave,” she said.

A single mother of four, Kirsty Rich was one such tenant.

She had to leave her six-year-old home in Aldinga Beach and was homeless for three months last year – couch surfing and using motels – before finding a place about 45 kilometers away.

Kirsty Rich may have to move out of the rental she found before her new home was built.(ABC Radio Adelaide: Malcolm Sutton)

She spent all her time looking for a new rental and had to move her children to a new school.

“It was so awful,” she said.

She bought land near where she currently lives – thanks to the help of her parents and an ABC Radio Adelaide listener – but is again at risk of being evicted from her home, the new owner looking to sell.

It could take up to 12 months to move into his new home from his tenancy, due to delays in council approvals and the start of works.

“It took me 12 months to find my land and I see the prospect of 6 to 12 months without knowing where [I’m] going to be,” Ms. Rich said.

Population pressure at Murray Bridge

While the biggest rent increases were in the small towns of Stansbury, Quorn and Andamooka, the biggest increase for a big city was in Murray Bridge – at almost 70%.

It now costs $450 a week on average to rent a house in the town 75 kilometers southeast of Adelaide, down from $265 in January-March 2020.

A bridge over a river disappears in the morning fog
There is very little social housing available in Murray Bridge.(Provided: Albert Goodridge)

Murray Bridge Mayor Brenton Lewis said it was a matter of ‘supply and demand’, with the town’s economy booming after setbacks such as the Thomas Foods slaughterhouse fire in 2018 .

He said the town’s population of 23,000 was growing and would one day overtake Whyalla and Mount Gambier.

“There are not enough places to rent across a range of accommodation types,” he said.

“It’s a good thing and a bad thing… People are starting to realize that it’s a very nice place to live.

“It’s not that far from the city and we have a lot of jobs – a lot of it is in the food processing industry, but not all of it.”

He hopes that new developments are on the horizon and that the building supply problems ease, the situation can be eased within 12 months.

Shane Maddocks, chief executive of ac.care – the gateway service for the homeless at Murray Bridge – said rents were simply becoming unaffordable for people on benefits or on low incomes.