syncing your iphone to a new computer

They told me Robert had died and I just couldn’t believe what I was being told. I was devastated.”Read MorePolmont prison teen deathsDespite the harrowing nature of his death, his mum is still waiting for answers almost two years later.She has been told that the beginnings of a Fatal Accident Inquiry areimminent but says she has heard from neither the Crown Office nor the prison.She said: “I haven’t even had his glasses back from the prison. Almost two years I have been waiting for them.”We got all of his clothes.

But it’s not just companies that want to sell you stuff that want this info; the National Security Agency has also benefitted from this setup. Matt, Ben and Noel covered a lot about the NSA on this previous podcast, but what matters here is that the government wants information on who is using what websites and for what reason. Under the guise of “national security,” it’s tried everything from using backdoors to unlock iPhones to locate suspected terrorists to trying to discover who used certain websites that helped those who protested against the Trump inauguration.

Let me first clarify here if you are seeing the production of 5.07 million tonne obviously the company has operated at a capacity of about 70 percent, so they have been victim and you need to first factor in the year on year (YoY) comparison, because always the Q2 and this I have been saying that Q2 results are going to be very bad if some cement makers are positing good numbers don compare those numbers with other cement makers.Now if you come on the earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin, what EBITDA margin they have posted is 10.9 percent, what was the EBITDA margin one year back in the same quarter 11.2 that means we have seen a fall of 30 basis point and for 30 basis point, we are writing off a company which is third largest having a capacity of 28 29 million tonne and that to falling in Holcim fold as a promoter. If you go by the track record, you can compare the margin with ACC with any other larger player, because ACC have always been laggard.If ACC would have been equally efficient they would not have traded at an enterprise value (EV) of USD 145 150 against Ambuja trading at an EV multiple of maybe about USD 210 215 or maybe UltraTech ruling at EV multiple of about EV to EBITDA of USD 210 215, so there is a difference of at least about 25 percent between the valuations and I am not disappointed. Yes, the quantity offtake one could always say that because of the some geography where they have the strong presence, monsoon may have affected those geographies, so because of that the operating leverages in cement company we all know that the fixed costs constitute very high, so the operating leverages plays a very important role and if you see in this quarter two items have really spoiled the profitability or maybe the EBITDA margin one is the power and fuel cost and second is the little depreciation if I take the EBIT as this thing.Overall as I said 10.9 percent vis 11.2 percent against a same quarter of last year you can write off the company and if you take a call I am quite bullish on the cement sector going forward, because you will not be having any headwinds for the next 9 months maybe till June 30 for next year so that means you have the clear visibility on the performance of next 3 quarters on cement companies.

Leave a comment