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Browse > Home / Libs & Trads / Solemn High Requiem Mass Held For The Spirit Of Vatican II
Solemn High Requiem Mass Held For The Spirit Of Vatican II
A Solemn High Requiem Mass was held Thursday at St. Martura Church in downtown Cincinnati for the Spirit of Vatican II, aged 52. After suffering a progressively debilitating illness for the last ten years of its life as a new generation of priests re-examined the Council in light of Sacred Tradition, the Spirit of Vatican II passed away quietly in its sleep last Tuesday.
"The Requiem Mass really brought closure to the community," said 26-year old Father David Flannigan, FSSP, who celebrated the Mass with Deacon Brady Schwartz and Subdeacon Anthony LaViera. "While the death of the Spirit of Vatican II was certainly expected, we were glad to offer Mass for its repose."
"What a beautiful Mass!" commented long-time parishioner Gladys O'Neal. "I hadn't seen black vestments since I was a little girl. And as much as I love the song On Eagle's Wings, the Dies Irae sequence really got me thinking about the Four Last Things."
The Spirit of Vatican II is survived by a dwindling number of aging hippies who dropped out of seminary in the '70's, some faded felt banners, and tambourines presently gathering dust in storage.

redpajama_set_name: RedPajamaCommonCrawl


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Paralephana lobata is een vlinder uit de familie spinneruilen (Erebidae). De wetenschappelijke naam is voor het eerst geldig gepubliceerd in 1926 door Hampson.

De soort komt voor in tropisch Afrika.

lobata
Dier uit het Afrotropisch gebied

redpajama_set_name: RedPajamaWikipedia


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Home Uncategorized Fantasy Football: Start 'Em Scrap 'Em Week 1
Fantasy Football: Start 'Em Scrap 'Em Week 1
UncategorizedComments Off on Fantasy Football: Start 'Em Scrap 'Em Week 1
Rob Heinemann
Welcome to Roster Resource's weekly fantasy article based on the best and worst values we find on FanDuel and DraftKings. Remember, we are not making season-long recommendations. These suggestions on who to start and who to scrap help you win each Sunday and get paid on Monday in your DFS leagues or tournaments.
Aaron Rodgers: FanDuel $9,700 – DraftKings $8,600
This one is a no brainer if you can save money elsewhere on your squad, which we'll help you do. The loss of Jordy Nelson actually helps in that it keeps the price on Rodgers manageable. Randall Cobb has already been practicing, although on a limited basis, and it would be hard to imagine him missing the season opener. Davante Adams James Jones and Ty Montgomery are more than capable of playing the role of second and third receivers. Rodgers completed 72% of his passes against the Bears last year for 617 yards and 10 touchdowns.
Tom Brady: FanDuel $8,400 – DraftKings $7,700
Rodgers is money in the bank for obvious reasons and, to be honest, Brady is right there with him. The Steelers are looking to be a high powered offense and the Pittsburgh defense isn't what it used to be … at all. You've got to believe that Brady will come out fired up and looking to make a point. A quick glance at the Patriots roster reveals a nice surprise — Scott Chandler. Chandler gives Brady a second tight end to consider as a reliable passing option. We all remember the success Brady had with two tight ends in the past.
Andy Dalton: FanDuel $7,100 – DraftKings $6,100
If you're playing in a larger format tournament and are looking for lightning in a bottle, this is your pick. In terms of price, Dalton is amongst guys who have very little potential to put up huge numbers. Look, I know it's Andy Dalton but you've got to get past the name and red hair. Andy has a healthy AJ Green, which he never had last year, a real power back in Jeremy Hill, Gio to catch balls out of the backfield, a healthy Tyler Eifert and a healthy Marvin Jones. That combination of targets has never been on the field together since Hill has arrived. Oh, and they're playing Oakland.
Stay away from:
Andrew Luck – Spend the $$$ on him for his home games, not on the road at a Rex Ryan defense. He'll probably be a great play in 10 of the next 15 weeks but this week you're paying top dollar for a tough matchup.
Cam Newton – Yes, he's playing the Jaguars. However, he's got Ted Ginn as his No. 1 target. Yes, he may run the ball but you'd be spending top 10 quarterback money on something he may do.
Joe Flacco – Brendan Perriman may come in and become an impact receiver, but that's not happening week one. It's also Flacco's first game in a new offense. Let's see him perform before we invest.
Eddie Lacy: FanDuel $8,500 – DraftKings $7,500
Green Bay has had Chicago's number more than ever over the last few seasons and Sunday should be no different. We still love Rodgers as an easy 20-25 point quarterback but Lacy, always a touchdown threat, could be even more likely to get into the endzone with limited options at receiver for the Pack. Lacy also increased his catches last season from 35 in 2013 to 42. No, that's not an insane amount of catches but with Nelson out and a banged up Cobb to start the year, it wouldn't be surprising if Lacy caught four balls a game this year, possibly more early on.
LeSean McCoy: FanDuel $8,400 – DraftKings $7,200
This one pains me because I, like many others, cut ties with McCoy in all of my keeper and dynasty leagues. I still feel fine about that but if you're in my boat, get ready to miss his production on week one. The only game plan that makes sense for Buffalo is to run the ball and keep it out of Luck's hands. Tyrod Taylor is a huge threat to run himself and takes a linebacker out of the picture on the read option. Also, Rex Ryan could easily hand the ball to McCoy 350+ times this year. It's understandable to shy away from McCoy this year, but don't shy away this week.
Doug Martin: FanDuel $6,900 – DraftKings $4,500
Martin is one of the biggest oversights I've seen on DraftKings this week. They have Isiah Crowell, Tevin Coleman and CJ Spiller above him. Those three are all on the road against the Cardinals, Jets and Raiders this week. Doug looked great in preseason and yes, we know that doesn't mean all that much. But when you combine the solid preseason with a clean bill of health, a contract year, a new quarterback, three 6'5 or taller receiving options and a stranglehold on the job and a home game against Tennessee, you've got a fantasy stud. He's the steal of the week, especially in DraftKings.
Jamaal Charles – Let thousands of others blow their salary cap on a running back opening up on the road against a solid defense. Charles will get you your 13-18 points this week but when you're paying top dollar, you want more than that.
Justin Forsett – You may find Forsett on this list more than once this year. Despite having a solid fantasy year in 2014, he never had huge weeks. In daily tournaments you're looking for the value plays with high upside. Not pricey guys who are considered safe.
Melvin Gordon – Everyone is sleeping on the Lions defensive front because of the headlines that surrounded Ndamukong Suh's departure but remember, the Lions replaced Suh with Haloti Ngata. Gordon is more expensive than Martin in both formats. Save the $$$, take Martin and thank me Monday morning.
Dez Bryant: FanDuel $8,800 – DraftKings $8,700
It's not often that we will recommend a player as costly as Dez, they usually speak for themselves. However, it looks like some folks may shy away from Dez because of the price and the Cowboys lack of a running back. Dez caught 16 balls for 236 yards and two touchdowns against the Giants last year and that was in a season when the Cowboys offense revolved around DeMarco Murray. With Murray gone, look for Romo to go to Dez early and often.
Jordan Matthews: FanDuel $6,800 – DraftKings $7,200
This particular option is solid in DraftKings and great in FanDuel. Either way, Matthews has the potential to pop. After a great rookie season in Chip Kelly's offense, Matthews is now the No. 1 wide receiver on the roster. This matchup has a lot to offer; a dome, a bad defense and high-scoring potential for both teams. Nelson Agholor will be cutting across the middle on drag routes and catching screens but it will be Matthews that is relied on for the bulk of the targets.
Davante Adams: FanDuel $5,500 – DraftKings $4,400
This one is another no brainer. If you're in a huge tournament looking to be the one player who hits the home run, Adams isn't your guy. In this case, you can't turn down a player with a superstar quarterback playing a team they dominate regularly. Adams, too, has moved up the depth chart, and there is no reason to believe that he won't give you a positive return on your investment. It's all about price and Adams is priced way too low.
Odell Beckham Jr. – I know, I know. You've been waiting since last year to roll Beckham out. Don't worry, you'll be able to have your fun with OBJ later in the year. It sounds like Victor Cruz may not be around to start the year. If Cruz is out and teams remember–which they do–Beckham's incredible rookie year, it will be a mission to lock the expensive young wideout down.
Keenan Allen – This one I just don't get. What's the upside? Allen had three games of 100 yards or more all of last season and only caught four touchdowns. Detroit has a formidable defense and there are simply much better values with much higher upside than Allen.
Sammy Watkins – It's usually the stiffs in our season-long leagues that fall for the rookie–or in this case sophomore–hype but this time it's the DFS community. Watkins has a well below average quarterback, a coach who loves to run and Vonte Adams on his back.
Owen Daniels: FanDuel $5,500 – DraftKings $3,400
Daniels is a great play in FanDuel and the play of the week in DraftKings. Daniels has been with Kubiak since birth. Well, not really. But the two have been together since Daniels was drafted in 2006 and the Broncos, along with Peyton Manning, made it clear the Kubiak was running the show offensively. With Julius Thomas out of the picture, there is room for Daniels to rise up to fantasy relevance and even dominance. It wouldn't surprise us if Daniels finished as a top 10 tight end this year.
Jordan Cameron: FanDuel $5,500 – DraftKings $3,800
Cameron has had fantasy success as a tight end and did so with the likes of Jason Campbell, Colt McCoy, Brandon Weeden and Brian Hoyer at quarterback. The move to Miami gives Cameron the best quarterback he's ever been paired with in Ryan Tannehill. Similarly, Tannehill turned Charles Clay into a relevant fantasy player. The matchup against Washington couldn't be much better. Washington's only real defensive strength is the pass rush and if the pass rush is getting to Tannehill, he'll be looking to dump the ball to his safety valve at tight end.
Larry Donnell: FanDuel $5,300 – DraftKings $3,200
Donnell is back with Eli and company for their second year in a new offense. The Giants really came into their own as an offense as the season went on. Odell Beckham will be demanding the bulk of the attention and Shane Vereen will also require defenses to keep an eye on him, which could leave Donnell as a great option. We like Donnell even more if Victor Cruz misses week one.
Ladarius Green – If you're high on Green this week, you've got a hunch. Sometimes a hunch can pay off but we've seen Green get the first string snaps and not give owners a return.
Dwayne Allen – Allen, like Green, has been hyped up for a few years and hasn't paid off. Andrew Luck's college teammate is playing alongside Allen and will take targets away from Allen whether it makes sense to pundits or not.
Rob Heinemann is an avid sports fan who has been playing fantasy sports since 1998. Heinemann, a New Yorker, has covered high school, college and professional sports since 2010. Follow @NFLRosters and @RobMSGV on Twitter and feel free to shoot your fantasy-related questions our way. Be sure to check back each week for information on who to start and who to scrap in your DFS leagues.
TAGdaily fantasy football daily fantasy sports DFS fantasy football nfl
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Abstract: Recently a variety of LSTM-based conditional language models (LM) have been applied across a range of language generation tasks. In this work we study various model architectures and different ways to represent and aggregate the source information in an end-to-end neural dialogue system framework. A method called snapshot learning is also proposed to facilitate learning from supervised sequential signals by applying a companion cross-entropy objective function to the conditioning vector. The experimental and analytical results demonstrate firstly that competition occurs between the conditioning vector and the LM, and the differing architectures provide different trade-offs between the two. Secondly, the discriminative power and transparency of the conditioning vector is key to providing both model interpretability and better performance. Thirdly, snapshot learning leads to consistent performance improvements independent of which architecture is used.


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Mid-Ohio 2022 Season Passes, Tickets Go On Sale Wednesday
7 Dec , 2021
Special to 1812Blockhouse
Ticket sales open tomorrow (Dec. 8) at 10 a.m. EST for all five major race weekends scheduled for 2022 at Mid-Ohio Sports Car Course. Individual events and Mid-Ohio Season Race Passes will be available at advance pricing online at midohio.com or by calling 419-884-4000.
See midohio.com for a summary of all the benefits of a 2022 Mid-Ohio Season Race Pass which includes Weekend General Admission, Grandstand Seat, Paddock Pass, Infield Parking and other exclusive offerings to enhance the Mid-Ohio experience. Plus, these fans get access to club weekends not open to the general public spread across April to October.
Family Events, Mid-Ohio Sports Car Course
2022 Buckeye Season Tickets Now On Sale
It's typically one of the hottest commodities at this time of the year– a ticket to watch the Buckeyes play in The Shoe. Many Richland Countians make the trip, and others listen or watch a game via media.
For those who can afford it (and have access), season tickets are the way to go. This week, OSU officials announced sales for the 2022 football as well as new prices and guidelines.
Season tickets for an eight-game 2022 Ohio State home football campaign at Ohio Stadium will go on sale Tuesday, Nov. 23, at 10 a.m. The 2022 season will feature games against Notre Dame, Iowa, Wisconsin and Michigan with additional contests against Arkansas State, Toledo, Rutgers and Indiana.
Featured, Football, The Ohio State University
Mid-Ohio Announces 2022 Race Season
29 Sep , 2021
Mid-Ohio Sports Car Course will showcase five race weekends again for its 2022 schedule, but with an exciting, new feature confirmed for next year's 61st season of racing at the legendary road course. For the very first time, the NASCAR Camping World Truck Series will race on the 2.258-mile, 13-turn track layout on Saturday, July 9th.
The NASCAR Xfinity Series has produced great road racing for its previous eight appearances at Mid-Ohio Sports Car Course. Now the NASCAR Camping World Truck Series will continue that tradition and visit for its inaugural round at the track on the weekend of July 8-9. This new addition realigns Mid-Ohio's NASCAR Xfinity Series stop to Portland International Raceway for a new event in the Pacific Northwest also promoted by Green Savoree Racing Promotions, which owns and operates Mid-Ohio Sports Car Course.
Car Racing, Family Events, Featured, Mid-Ohio Sports Car Course
Changes At The Horseshoe
By 1812Blockhouse, The Ohio State University
With Mansfield a part of The Ohio State University family, from from time to time we have shared news from main campus. Speaking of main campus, we are also keenly aware that Richland County has more than its share of passionate followers of the OSU Buckeyes.
Today we are pleased to share the following update related to OSU football games this fall.
The 2021 Ohio State University football season will feature a number of significant changes driven by new technologies, improved efficiencies, safety measures and construction projects.
Mansfield Senior 2021 Football Schedule: A First Look
Over the next several days, we will be sharing information about varsity football schedules for Richland County high schools.
Head coach Chioke Bradley's Mansfield Senior Tygers have a very interesting schedule this year. After two preview games on the road, the squad will host four opponents in the friendly confines of Arlin Field on four successive Friday nights.
The 2021 Tygers schedule is set as follows:
Featured, Mansfield Senior High School
Vintage Motorcycle Days Returns To Mid-Ohio
This weekend at Mid-Ohio Sports Car Course motorcyclists from across the country will unite for the AMA Vintage Motorcycle Days presented by Royal Enfield, July 23-25.
This is one of the largest annual gatherings worldwide of motorcyclists, enthusiasts, swap meet vendors and collectors. It is all for a great cause serving as a fundraiser for the American Motorcyclist Association (AMA) Hall of Fame, a non-profit organization located in nearby Pickerington that works to preserve the history and tradition of motorcycling in the United States.
AMA Vintage Motorcycle Days, Featured, Mid-Ohio Sports Car Course, Racing
History & Tourism, Sports
A Mansfield Fourth, 150 Years Ago
3 Jul , 2021
This story is a favorite of ours, and one which have previously published on Independence Day weekend.
A century and a half ago, local media writers were bemoaning the lack of activities scheduled in Mansfield to celebrate Independence Day, with one exception: a "Base Ball" game between the "fats" and the "lanks."
This is from the weekly Mansfield Herald's edition on July 3, 1867:
"The Fourth of July tomorrow will not be celebrated in any formal manner in Mansfield. We are sorry to say it, for many other places of less pretensions than our city, have made arrangement for a good old fashioned time. Ashland, Bucyrus, Bellfontaine and other towns have announcements out of what they intend to do, and many of our citizens will not doubt visit one of the other of these places… More…
Baseball, Featured, Holidays, Mansfield History
Fun, Patriotic Weekend Coming To Mid-Ohio
A fireworks display, a movie screening, camping activities and 10 races in total will make for a spectacular weekend at Mid-Ohio Sports Car Course beginning Friday for The Honda Indy 200 Presented by the HPD Ridgeline, July 2-4. Ohio is fully open this Fourth of July weekend, so it's time for a celebration in the Buckeye State. Tickets at advance pricing are available now at midohio.com.
The stars and cars of the NTT INDYCAR SERIES arrive to do battle again on the 2.258-mile, 13-turn road course. Pataskala, Ohio-based Meyer Shank Racing, coming off its dramatic win in the Indianapolis 500 in May, hopes to repeat that success at its home track with Jack Harvey piloting the No. 60 Honda. Another local favorite is Rahal Letterman Lanigan Racing with New Albany, Ohio's Graham Rahal trying to match his victory from 2015 at Mid-Ohio. Other past winners in the starting field will be Colton Herta (2020), Will Power (2020), Scott Dixon (2019, 2014, 2012, 2011, 2009, 2007), Alexander Rossi (2018), Josef Newgarden (2017), and Simon Pagenaud (2016). More…
Featured, Fourth of July, Mid-Ohio Sports Car Course, Racing
Ohio College Athletes Will Be Able To Profit Off Of Names, Likenesses
When a legislative effort was fumbled, it was said that Gov. Mike DeWine picked up the ball and ran with it.
As it turned out, the Ohio General Assembly did get the job done before the final bell sounded.
Sports metaphors abounded inside the Statehouse on Monday as two branches of government worked to enact a plan to allow college athletes to earn compensation off their own names, images and likenesses (NIL). More…
College Sports, Ohio General Assembly, State of Ohio
A Full Weekend Of Racing Ahead At Mid-Ohio
This coming weekend, Mid-Ohio Sports Car Course is hosting the 39th Annual Vintage Grand Prix sanctioned by the Sportscar Vintage Racing Association (SVRA), the longest continuously-running spectator event at the track.
Featuring both historic and modern day racing action, SVRA's SpeedTour weekend brings doubleheader races in International GT and Miata Heritage Cup, and also features races in Historic GT/GTP/ALMS and Classic/Vintage Endurance. Twelve additional group races are featured across multiple classes of vintage and classic cars.
The latest in racing technology will also be on track with two classes from the Trans Am Series and open-wheel, tripleheader races from F4 U.S. Championship and Formula Regional Americas Championship Powered by Honda. In total, the green flag will drop on 26 races during SVRA's SpeedTour weekend. More…
Mid-Ohio Sports Car Course, Racing
Let's Root For The Mansfield Independents This Summer
The summer of base ball has begun in earnest around these parts.
That's "base ball," not baseball, mind you, which is how nineteenth century Americans referred to what was then a new game.
The Mansfield Independents Base Ball Club is playing again this summer, both in the friendly confines of the Ohio State Reformatory grounds as well as on the road. More…
Featured, Mansfield Independents, Vintage Base Ball
Dawn 150 Set For June 4 At Mid-Ohio
Stock car and road racing fans in the Midwest will have a convergence of sorts when the ARCA Menards Series returns to Mid-Ohio Sports Car Course for the first time since 1965.
Cincinnati-based brand Dawn Dish, America's #1 dish liquid, will be the entitlement sponsor of the Dawn 150, scheduled for Friday evening, June 4, on the 2.258-mile, 13-turn road course.
"We're proud to join fans at the track and families at home for the Dawn 150 this year," said Kristine Decker, Vice President of North America Dish Care at Procter & Gamble. "Our team at Dawn has spent decades making it faster and easier to get the dishes done, so you can spend less time at the sink, and more time enjoying American traditions like race day." More…
Mid-Ohio Sports Car Course, Racing Event
Ontario, Sports
The Woodsman Disc Golf Course Ups Its Game
On Friday, officials were on hand for a ribbon cutting at The Woodsman Disc Golf Court in Ontario's Marshall Park.
Over the last several weeks, concrete pads, sponsored signs, landscaping, and more have been added to the part, already considered one of the best in the state.
The course was launched in 2016 and is known for its challenging nature as it sits in a heavily wooded area. One hole is actually fifteen feet high and is positioned between two trees. More…
Disc Golf, Marshall Park, Ontario
When Mansfield Welcomed: Baseball's Greatest Shortstop
We continue our series of baseball stories this week in celebration of Opening Day week for many MLB teams. Cleveland launches its 2021 season on Thursday, traveling to the Motor City to play the Detroit Tigers.
It would be difficult to overestimate the storied reputation of Honus Wagner in the world of professional baseball. Over 100 years after winning his eighth and final batting title – a National League record which remains in place to this day – Wagner is also well-known for the record prices set by the sale of his baseball cards. He was also, for a short time, a Mansfielder. More…
Baseball, Sports, When Mansfield Welcomed
Play Ball! Mansfield's Baseball Broadcasting Pioneer
Publisher's Note: This story was published back in 2017, and is being reposted today to celebrate the arrival of the Major League Baseball season this week. We'll be posting two additional local baseball-related stories this week.
The 2021 season of "America's Favorite Pastime" is almost here. What better time to share the story of a key figure in radio broadcasting history – and particularly baseball broadcasting — who made Mansfield his home?
Harold Wampler Arlin was born in 1895 in the small town of La Harpe, Illinois.
He was a true media pioneer, being in the "right place at the right time." In November 1920, what is arguably America's first radio station went on the air, Pittsburgh's KDKA. Among its first employees was its first and radio's first full time announcer, Harold Arlin. More…
Baseball, Famous Mansfielders, Featured


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Demon: What is going on? - Analysis
A few years ago Demon led the pack. It was aggressive, talented and had a visionary leader at the helm. How times have changed. Jane Wakefield reports...
By Jane Wakefield | July 9, 1999 -- 14:19 GMT (07:19 PDT) | Topic: Networking
In the beginning there was one and its name was Demon, the UK's first affordable ISP. founded in 1992 and charging a modest £10 per month for Internet access it was the market leader.
Now there are many and Demon is just another ISP among PC manufacturers, football clubs, banks and electrical shops. Most of these new players are free, both of access charges and controversy. Demon is not. Just over a year after it was bought by Scottish Telecom -- stating categorically it would not join the ranks of the trendy freebies and balancing a high profile defamation case -- what is the future for Demon Internet?
It hasn't had an easy ride in recent months. The Laurence Godfreydefamation case has cast clouds and sent its PR machine into confused overdrive. Originally seizing the case, in which a UK particle physicist is suing for defamatory statements on Demon's servers, as a chance to champion the ISP community Demon promised to fight the case on the 'free speech' ticket. Unwittingly it had the opposite effect. The judge threw out Demon's defence of innocent distribution, setting a new precedent and heralding a new era for the industry where all ISPs risk being held liable for defamatory postings if they are aware such postings exist.
If this horrified the very community Demon was supposed to be championing, fall-out from legal battle also succeeded in alienating some of the company's most loyal subscribers.
Newsgroups resounded to the cries of 'hypocrisy' as users accused Demon of double standards. Complaining about the way Godfrey was attempting to gag the much-vaunted freedom of the Net was all well and good, but not when Demon had itself pursued a libel action against newsgroup user Neil MacRae three years earlier. The fact that eleven Demon users were prevented from posting stories on the Godfrey matter did not help. Neither did managing director David Furniss' comments to ZDNet News that the defamatory postings in the Godfrey case may have remained on its server due to an "administrative error". The ISP's defence was turning to debacle and users were questioning whether there was something rotten in the state of Demon.
Furniss has already admitted the defamation action is now a personal case between Demon and Godfrey -- so much for our Knight in shining armour.
One legal expert, David Swabrick of Swabrick and Co, is bewildered: "Demon is attempting to demonstrate, in a very expensive way, that it is not to be trifled with," he said. "Questions will be asked whether this is proper behaviour for a substantial public company and in what way this is intended to benefit shareholders." He likened the Demon versus Godfrey case to a playground fight. "Demon calls itself the champion of morality and yet is prepared to spend many thousands in a street fight." Estimates of the cost to Demon of the case so far is already in six figures.
Controversy aside, the changing face of UK ISPs has forced Demon to reassess its position in the market. As Freeserve hoovers up users by the second, even the mighty AOLis u-turning on its attitude to free access. A spin-off, almost certainly from AOL's newly acquired Netscape, will see the ISP dabbling in the free market for the first time. Demon, according to Scottish Telecom's director of interactive services Martin Higginson, will definitely not go down that path. "We are in the business of quality, not discounts," he stated confidently to ZDNet News earlier this week. There will be no free service and no free spin-off of Demon he asserted. But Higginson's projections for user figures are conservative to say the least. Demon currently has 291,000 subscribers and Higginson predicts 325,000 six months down the line, a growth rate of just 11 percent -- less than 6,000 new members per month. Hardly impressive.
James Eibisch, analyst with research firm IDC, didn't raise an eyebrow. He believes Demon has had its growth and will now concentrate on maintaining its core of serious home users and small businesses and, in the future, a back-end provider of DSL. The fact Demon was first to market, its base of computer-friendly early adopters, its branding and reliable service will stand the company in good stead despite the controversy maintains Eibisch.
The fact Demon has been taken over by Scottish Telecom will have inevitably changed the personality of the ISP, which it has, dramatically. However Eibisch thinks it is only by links with telcos that ISPs can survive and change is just a wound along the way. "Name one large ISP that is not part of a telco," he said. "Voice and data are converging and ISP/Telco deals are the future," he said.
The sheer number of ISPs in the UK now, will inevitably mean casualties and the extent to which Demon can ride the free access and Godfrey case storm will be tested over the next year. The fallout from both is yet to be counted.


Which box should I order?
The perfect all rounder. The recipes in this box are designed to suit a variety of tastes. You'll find a range of proteins, carbs and veggies packed in to create delicious recipes. Think crowd pleasers like chicken tacos, cheesy beef burgers, beef stir-fry, crumbed salmon and gnocchi bolognese.
For the non-meat eaters among us or for those who just like to opt for some veggie meals in their weekly routine. You'll find a range of recipes like green fetta risotto, mushroom and tofu quinoa, cheesy fritters and lentil lasagne.
Best suited to those with kids under 12, these recipes keep younger tastes in mind. You'll get recipes like pork and parmesan rissoles, honey mustard chicken, bacon pasta and Nasi Goreng. Kids will gobble down these delicious delicacies and we all know that happy kids mean happy parents!


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Elenco dei referee
CGREDS.it 🡭
Centenarian family and non-family companies. An exploratory analysis
José Carlos Casillas+−
Araceli Picón-Berjoyo+−
Carolina Ruiz-Moreno+−
Biografia autore
Catedrático de Universidad. Departamento Administración de Empresas y Marketing
Profesor Contratado Doctor. Departamento Administración de Empresas y Marketing
DOWNLOAD PDF (English)
https://doi.org/10.3280/cgrds1-2022oa13744
Few companies are able to reach 100 years of existence, and even fewer do so without losing ownership control to the founders' families. Perhaps due to its scarcity, few quantitative data are available on this type of company. This paper analyzes, based on a sample of 120 Spanish centenary companies, the differences between family and non-family centenary companies, from a quantitative and exploratory perspective. Likewise, a comparison is made with a control sample of another 120 non-centenarian companies in order to draw conclusions. The analysis shows that there are more non-family centenary companies than family companies, although the latter obtain higher returns and have a more robust financial structure (less indebtedness and more liquidity) than the rest of the companies. Despite the limitations derived from the data used, the work contributes to the literature on business demography and on the longevity of family businesses.
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Immagine di copertina
Centenarian firms
Family Firms
Casillas, J. C., Picón-Berjoyo, A., & Ruiz-Moreno, C. (2022). Centenarian family and non-family companies. An exploratory analysis. Corporate Governance and Research & Development Studies - Open Access, (1). https://doi.org/10.3280/cgrds1-2022oa13744


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WISHING YOU ALL A VERY HAPPY NEW YEAR 2014 !!!
HAPPY NEW YEAR 2014 !!!
WISH YOU AND YOUR LOVED ONES A VERY VERY
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As markets moves into New Year of 2014, with nation facing its over exaggerated General Election falling this May of 2014, with major people expecting BJP to come to an power. Now this General election will have new 130 million new voters and these new voters can cause an upset..leaving politics aside, lets me share few views of mine on markets - We will need nearly 9-11% growth in IIP to get back to atleast 8% of GDP growth, we will need corporates to invest heavliy and just not sit on huge pile of cash..We need Infra projects to get cleared off as early as possible...Friends, VALUATION ARE THE SLAVES OF THE EARNINGS - and I feel this 2014 will be dismal year in terms of the earnings expecting Index Stocks EPS to show mere growth of 8-10% in their earnigs and Lets hope that SENSEX & NIFTY tp perform at least 15% in the year 2014.
Lastly, I look forward to serving you better all again in 2014, I wish you all Peace, Happiness, and Good health in coming new year !!!
ONCE AGAIN WISHING YOU ALL A VERY VERY
IL&FS TRANSPORTATION NETWORKS LTD : PARTNERING GROWTH !!!
Scrip Code: 533177 / IL&FSTRANS
CMP: Rs. 128.70; Buy at current levels & Accumulate at every dips.
Short term Target: Rs. 143.00, 6 month Target – Rs. 220; STOP LOSS – Rs. 118.40; Market Cap: Rs. 2,500.64 cr; 52 Week High/Low: Rs. 228.90 / Rs. 97.10
Total Shares: 19,42,67,732 shares; Promoters : 14,07,63,003 shares –72.46 %; Total Public holding : 5,35,04,729 shares – 27.54 %; Book Value: Rs. 109.38; Face Value: Rs. 10.00; EPS: Rs. 12.54; Div: 40.00 % ; P/E: 10.26 times; Ind. P/E: 17.57; EV/EBITDA: 7.99.
Total Debt: 2,753.38 Cr; Enterprise Value: Rs. 16,467.57 Cr.
IL&FS TRANSPORTATION NETWORKS LIMITED: ITNL was incorporated on November 29, 2000 and is based in Mumbai, India. It was formerly known as Consolidated Toll Network Limited and changed its name to IL&FS Transportation Networks Limited in October 18, 2005. IL&FS Transportation Networks Limited operates in the Highway and street construction sector. The company came with an IPO on March 11, 2010 with an issue price of Rs. 258 per share and raise about Rs. 700 Cr with an objective to utilize the proceeds for funding pre-payment of company's debt and for other general corporate purposes. The shares got listed on Indian brouses on March 30, 2010. IL&FS Transportation Networks (ITNL) is a surface transportation infrastructure company. ITNL is the builder, operator and transfer (BOT) road operators engaged in developing, designing, operating, maintaining and facilitating surface transportation infrastructure projects. ITNL's services include advisory and management services, supervisory services, operation and maintenance services, toll collection services for toll road projects. ITNL provides maintenance services primarily for highways and roads in Spain, Portugal and Latin America, and advisory and project management for BOT road projects, trades in materials used in the maintenance of roads & undertakes construction contracts. On May 31, 2010, it acquired Area De Servicio Coiros S.L.U. On September 1, 2010, it acquired Conservacion De Infraestructuras De Mexico S.A. De C.V. On December 17, 2010, it acquired Alcantarilla Fotovoltaica, S.L.U. and Area De Servicio Punta Umbria, S.L.U. IL&FS Transportation Networks Limited is a subsidiary of Infrastructure Leasing & Financial Services Limited. The company is locally compared with Simplex Infrastructures Ltd, Jaypee Infratech Limited, Ashoka Buildcon, Irb Infrastructure developers Limited and globally compared with DP World Ltd (Dubai Ports World) of Dubai, Gemadept Corporation of Vietnam, Kuwait and Gulf Link Transport Company of Kuwait, Summit Alliance Port ltd of Bangladesh and NRW Holdings Limited of Australia.
IL&FS Transportation Networks Ltd. (ITNL) is an established ISO 9000:2001 surface transportation infrastructure company & is one of the largest private sector Built Operate Transfer road operators in India. It has established its self as a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance. IL&FS Transportation Network limited is India's largest road developer. ITNL is from the reputed IL&FS Group, with a portfolio of 22 domestic road projects and 1 international projects aggregating to 7,621 Stake Adjusted Lane in Km (SALK) in its portfolio. ITNL has 11 operational projects with 3,281 SALK and remaining 12 projects or 4,341 SALK under development. In March 2008, IL&FS Transport Networks Ltd commenced international operations through the acquisition of Elsamex S.A. (Elsamex), is a provider of maintenance services primarily for highways and roads in Spain & other countries. IL&FS Transportation Networks Ltd has recently signed a US$ 30 Cr contract to build a six-lane highway. The project will link an eastern industrial zone having heavy-duty traffic to mining districts such as Dhanbad, the nation's coal capital. Meanwhile, NHAI has agreed to facilitate 50 % of the financial assistance to Kerala's State Government for developing the proposed bypasses in Kollam, Alappuzha and Kozhikode. The Union ministry will grant Rs. 357 crore of financial assistance to the state for developing the five bypass roads. The funds for the same would be disbursed in a phased manner. IL&FS Transportation Networks has signed a MoU with Nippon Expressway Company Ltd (NEXCO East) to work together through a strategic alliance for implementation of PPP road projects. During the quarter, Barwa Adda Expressway Ltd and Khed Sinnar Expressway Ltd have been incorporated as subsidiaries of the company National Highways Authority of India has issued Provisional Completion Certificate to the Pune-Solapur Road project which was awarded to the Company on DBFOT (Toll) basis. The project is on toll basis with a concession period of 19 years and 295 days comprising of Tolling and Operations & Management period of 18 years. IL&FS Transportation Networks Ltd has informed that The Concession Agreements were signed with the concerned Authorities for the following projects: Kiratpur Ner Chowk section of NH 21 of 90.175 kms in the States of Punjab and Himachal Pradesh; Beawar Gomti section of NH 8 of 88 kms of the total 116 kms Capacity augmentation in the State of Rajasthan; Sikar Bikaner section of NH 11 of 237.57 kms in the State of Rajasthan. During the year 2012-13, the group has acquired an additional 38,60,456 equity shares of one of the subsidiaries, viz., North Karnataka Expressway Ltd (NKEL), as result of which the stake of the Group in NKEL has been increased from 87.00% to 93.50%. IL&FS Transportation Networks Ltd has reported its first quarter fiscal 2014 consolidated revenue of Rs. 1,451.11 Cr, a decrease of 8.13 % y-o-y. The company's net profit jumps to Rs. 124.53 Cr against Rs. 121.72 Cr in the corresponding quarter ending of previous year, an increase of 2.31 %. During the quarter total expenditure declines by 16 % mainly on account of decrease in material consumed cost along with consideration of construction contract expenses. Total expenditure in Q1 FY14 was at Rs. 956.75 Cr as against Rs. 1,137.48 Cr in Q1 FY13. The Company has undertaken international initiatives and has established offices in Dubai and Nigeria through one of its subsidiary based in Singapore. The International office is based out of Dubai & will be responsible for pursuing international mandates. The Company is pursuing in UAE, Nigeria and others parts of the world. The Company is also pursuing an airport expansion project in the UAE. The Company's Metro Rail project in Gurgaon is nearing completion and is scheduled to commence operations in the coming year.
Gurgaon Toll Plaza
IL&FS Transportation Networks Ltd has been adjudged and awarded the "Most Admired Infrastructure Company in Transport" at the 5 KPMG INFRASTRUCTURE AWARDS 2013. India's road network, spanning across 4.69 million km, is the third-largest road network in the world, next in line only to the US and China. The country relies heavily on its robust road network that carries almost 65 per cent of freight and 80 per cent of passenger traffic. National Highways (NH), under the jurisdiction of National Highways Authority of India (NHAI), constitute for almost 2 per cent of the network but carry about 40 per cent of the total road traffic. The Indian Government is very particular about the development and maintenance of this huge network; more so because number of vehicles in the country has been growing at an average rate of 10.16 per cent per annum over the last five years. Thus a need for efficient and world-class road network becomes inevitable for smooth transitions of goods and services. The administration awarded about 2, 000 km worth of new road construction contracts in FY13. The Company continues to maintain its growth story and the leading position in the Surface Transport Sector with 25 projects in its portfolio in various stages aggregating to 13,161 lane kilometers, of which 6,318 lane kilometers are under operation. ITNL is highly sensitive to interest rate, 100 basis points correction in the risk free interest rate leads to 26 % increase in fair value of ITNL, & this remains a key beneficiary of reduction in risk free rate of project financing. ITNL has the highest leverage in the road sectors making it highly interest rate sensitive. At the current market price of Rs. 128.70, the stock is trading at a PE of 5.74 x FY14E and 6.91 x FY15E respectively. The company can post Earnings per share (EPS) of Rs. 22.40 in FY14E and Rs. 18.60 in FY15E. One can buy ITNL with a short term target price of Rs. 143.00 for Medium to Long term investment and for the SHORT TERM PLAYERS it should be Rs. 220.00
SALES (₹ Crs) 5,605.60 6,644.90 5,972.50 7,575.00
NET PROFIT (₹ Cr) 497.00 519.40 434.80 361.40
PE (x) 4.70 4.50 5.40 6.40
EV/EBITDA (x) 8.40 8.90 8.70 8.40
ROE (%) 20.20 16.40 11.40 8.60
I would buy IL&FS TRANSPORTATION NETWORKS LTD for Short term it would be Rs. 143.00 and for the Medium to Long term it would be Rs. 220. As I always say, I am a long term believer in markets & I do respect the markets and will keep a strict stop loss of 8 % or ₹ 118.40 on every purchase. (Why Strict stop loss of 8 % ?) - Click Here
Labels: ILFS TRANSPORT , ILFS TRANSPORTATION NETWORKS LTD , ITNL
GAIL INDIA LTD : GAS & BEYOND !!!
Scrip Code: 532155 / GAIL
CMP: Rs. 345.80; Buy at current levels.
Medium to Long term Target: Rs. 398.50; STOP LOSS – Rs. 318.00; Market Cap: Rs. 43,863.95 Cr; 52 Week High/Low: Rs. 395.85 / Rs. 272.20
Total Shares: 126,84,77,400 shares; Promoters: 72,74,05,675 shares – 57.35 %; Total Public holding: 54,10,71,725 shares – 42.65 %; Book Value: Rs. 191.00; Face Value: Rs. 10.00; EPS: Rs. 28.59; Div: 96%; P/E: 12.09 times; Ind. P/E: 8.86; EV/EBITDA: 7.50
Total Debt: Rs. 8,364.52 Cr; Enterprise Value: Rs. 57,918.79 Cr.
GAIL INDIA LTD: The Company was incorporated on 16 August of 1984 and is based in New Delhi, India. The Gas Authority of India Ltd. (GAIL) is one of India's leading Public Sector Enterprises, initially established as a wholly owned Company of the Government of India with 100 % equity held by the Government of India and is the largest gas transmission and marketing company in the Country. It is now one of the 'Navratna' enterprises and is ranked among the top ten companies in India. The equity pattern in the Company has also changed and the Government today holds about 67 % of the equity in the Company. GAIL (India) Limited is a gas utility company in India. The Company's products include natural gas, liquid hydrocarbons, liquid petroleum gas transmission, petrochemicals, city gas distribution and power. The Company serves the retail sector of natural as by supplying green and clean fuel (CNG) and PNG to domestic and commercial sector. The Company has a joint venture with Vododara Mahanagar Sewa Sadan (VMSS). The Company's operating segments include Natural Gas Transmission, natural gas trading, petrochemicals, LPG and other liquid hydrocarbons and other segments. Its supplies of natural gas include fuel t power plants and feedstock for gas fertilizer plants. The company produces LPG through fractionation, known as Straight Run (SR). It manufactures and markets downstream HDPE & LLDPE from natural gas cracking at its Pata (Uttar Pradesh state, India) unit. In addition, it operates approximately 400 compressed natural gas retail outlets; and provides piped natural gas to domestic, commercial, and industrial applications, as well as has participating interests in 31 exploration blocks in Mahanadi, Mumbai, Cambay, Assam-Arakan, Tripura Fold Belt, Gujarat Kutch, Krishna Godavari, Cauvery, and Cauvery Palar basins. Further, the company leases bandwidth as a carriers' carrier through its optic-fiber network of approximately 13,000 kilometers; and generates electric power through a joint venture. It owns approximately 9,500 kilometers of natural gas pipelines; 2 LPG pipelines covering 2040 kilometers; 7 gas processing plants for production of LPG and other liquid hydrocarbons; and a gas based integrated petrochemical plant for producing polymer. The Company's segments include Transmission services, Natural Gas Trading, Petrochemicals, LPG and other Liquid Hydrocarbons, City Gas Distribution and Un-allocable. The Company is marketing Gas Processing Unit's (GPU's) products namely Liquefied Petroleum Gases (LPG), Propane, Pentane, Naphtha and by-products of polymer plant namely MFO, Propylene & Hydrogenated C4 Mix. The Company's subsidiaries include GAIL Gas Limited, Brahmaputra Cracker and Polymer Limited, GAIL Global (Singapore) Pte. and GAIL Global (USA) Inc. In September 2011, the Company incorporated a wholly owned subsidiary GAIL Global (USA) Inc. The company is locally compared with Petronet LNG, Indraprastha Gas ltd, Gujarat Gas Company, NTPC Ltd, GVK Power & Infra ltd, KSK Ebergy Ventures Ltd, Adani Power Ltd, Gujarat Industries Power Company Ltd and globally compared with Hokkaido Gas Co Ltd of Japan, China Gas Ltd of Hong Kong, Nippon Gas Co Ltd of Japan, Agl Resources Inc of New York, Wgl Holdings Inc of New York, Delta Natural Gas Co Inc of USA, New Jersey Resources Corp of USA.
GAIL (India), a natural gas company is into exploration, production, processing, transmission, distribution and marketing of natural gas. It now has a turnover of more than Rs. 47,300 crore. The state-owned gas major has a market share of 78 % in natural gas transmission and 70 % in marketing with plans to double up the existing transportation capacity in the next two to three years. It has 27 oil and gas exploration blocks and 3 coal bed methane blocks. GAIL (India) Limited, is India's flagship Natural Gas company, integrating all aspects of the Natural Gas value chain (including Exploration & Production, Processing, Transmission, Distribution and Marketing) and its related services. In a rapidly changing scenario, the company spearheading the move to a new era of clean fuel industrialization, creating a quadrilateral of green energy corridors that connects major consumption centres in India with major gas fields, LNG terminals and other cross border gas sourcing points. GAIL is also expanding its business to become a player in the International Market. GAIL produces million tonnes of LPG. Its 1,922 km LPG transmission pipeline connects the western, northern, and southern part of India and has capacity to transport 3.8 million metric tonnes per annum (MMTPA) of LPG. It also produces propane, pentane and naphtha. It has a joint venture with Gujarat State Petroleum Corporation and Gujarat State Energy Generation where it has an installed capacity of 156 MW. GAIL also has a joint venture with NTPC, Indian financial institutions (IFIs) and MSEB Holding Company, Ratnagiri Gas and Power (RGPPL), which has power generation capacity of 2,150 MW. It has optic fibre network extending over 13,000 km across 200 cities. It leases this network for SCADA, ERP and ISP services to telecom operators including Hutch, Tata Communications, Airtel, Idea Cellular, Tata Teleservices, and Reliance Communications and others. GAIL has a total of 31 exploration blocks in basins such as Mahanadi, Mumbai, Cambay, Assam - Akaran, Tripura Fold Belt and Cauvery. In these blocks it has partnered with companies like ONGC, GSPC, OIL India, Hardy Exploration & Production, Petrogas, JOGPL, Daewoo, OVL, IOC, Korea Gas Corporation, Hallworthy, BPCL, HPCL and Silverwave. The Company also has 70 % equity share in Brahmaputra Cracker and Polymer Limited (BCPL) which is setting up a 2,80,000 TPA polymer plant in Assam. GAIL is a co-promoter with 17 % equity stake in ONGC Petro-additions Limited (OPaL) which is implementing a green field petrochemical complex of 1.1 MMTPA Ethylene capacities at Dahej in the State of Gujarat. GAIL has 31.52 % stake along with NTPC as equal partner in JV Company, RGPPL at Dabhol which operates largest gas based power generation facility in the country and is also setting up 5 MMTPA LNG terminals. GAIL has achieved an overall physical progress of 91 % and financial progress of 73 % till end-FY13. Company has an equity investment of Rs. 1,270 Cr and the project enjoys capital subsidy of 52 %.
GAIL (India) Ltd is India's flagship Natural Gas Company, engages in the exploration and production and also in processing, transmission, distribution, and marketing of natural gas. The Indian Oil and Gas (O&G) sector is one of the six core industries of India and contributes over 15 % to the Gross Domestic Product (GDP). The country is the sixth largest consumer of oil in the world and the ninth largest crude oil importer. The sector is of immense importance to the economy because of its significant forward integration with many other sectors. India is committed to boosting its growth in the years to come and this progress would translate into the country's energy needs growing many times. The need of the hour, therefore, is to channelise all efforts on exploration of new blocks effectively as well as efficiently. The growing demand for crude oil and gas in the country coupled with policy initiatation is a key. Going forwards GAIL is currently doubling its petchem capacity from 450ktpa to 900ktpa at an estimated capex of Rs. 8,100 Cr. The capacity is expected to be mechanically complete by December 2013 and assuming six months of stabilization period, it is expected that its capacity can be commercially operational by 1QFY15E. GAIL is a gas-based petchem producer and its gas cost is fixed unlike fluctuating costs for naphtha-based producers. However, the Indian government's decision to increase domestic gas price from April 2014 would adversely impact GAIL's Petchem business profitability. As company's internal gas consumption comprises of both PMT and APM, and as a price hike is expected only in APM gas, it is seen that the gas could cost around USD6.7/mmbtu from FY15E as against $5 as of now and APM gas price to increase to $8.4/mmbtu. It is expected that GAIL's earnings to remain subdued in the medium term as headwinds on incremental gas availability continue. GAIL's 1QFY14 subsidy burden is seen at Rs. 700 Cr. In the wake of scheduled increase in domestic gas price from Aril 2014, if the Government were to remove GAIL from subsidy sharing, then based on assumptions the estimated net advantage for Gail comes at Rs. 6/share. Adjusted for investments, the stock trades at 9.41x FY15E EPS of Rs. 38.25. On SOTP-based fair value estimate is Rs. 398.50 per share. In my view GAIL could post EPS of Rs. 38.25 for FY14E & Rs. 44.67 for FY15E and one can ACCUMULATE the stock and would advise investors to use declines in the stock to buy with a long term view, I would buy GAIL INDIA LTD with a Medium to Long term investment for an price target of Rs. 398.50 and off course with a strict stoploss of 8 % on every purchases.
SOTP VALUATIONS
Business Subsidiary
Value Per Share (₹)
Gas Transmission
Gas Trading
LPG & Liquid HC
E&P Upside
Less: Net Debt
Equity value
SALES (₹ Crs) 47,300.00 58,100.00 88,400.00 1,00,100.00
PE (x) 10.50 9.30 8.70 7.40
I would buy GAIL INDIA LTD for Medium to Long term target of Rs. 398.50. As I always say, I am a long term believer in markets & I do respect the markets and will keep a strict stop loss of 8 % or ₹ 318.00 on every purchase. (Why Strict stop loss of 8 % ?) - Click Here
Labels: GAIL INDIA LTD , NATURAL GAS
SANGHVI MOVERS LTD : ENJOYS DEEPER MOAT !!!
Scrip Code: 530073 / SANGHVIMOV
CMP: Rs. 40.55; Buy at current levels.
Short Term Target - Rs. 45; Medium to Long Term Target – Rs. 55; STOP LOSS – Rs. 48.00; Market Cap: Rs. 175.53 Cr; 52 Week High/Low: Rs. 102.25 / Rs. 35.50.
Total Shares: 4,32,88,000 shares; Promoters : 2,01,32,444 shares – 46.51 %; Total Public holding : 2,31,55,556 shares – 53.49 %; Book Value: Rs. 153.26; Face Value: Rs. 2.00; EPS: Rs. 0.62; Dividend: 50.00 % ; P/E: 65.40 times; Ind. P/E: 6.32; EV/EBITDA: 3.16
Total Debt: Rs. 353.48 Cr; Enterprise Value: Rs. 540.32 Cr.
SANGHVI MOVERS LTD: The Company was founded in 1989 and is based in Pune, India. Sanghvi Movers Limited operates as a crane rental services company. It's a major player in Equipment rental & leasing sector in India and other parts of Asia. It provides heavy lift, plant erection and maintenance services for various large scale projects. The company also offers over dimensional, heavy, and bulk cargo transportation services. It operates a fleet of 400 medium to large size hydraulic truck mounted telescopic and lattice boom cranes and crawler cranes with lifting capacity ranging from 20 MT to 800 MT; and 132 hydraulic multi axle modular trailers. In addition, the company also engages in the generation of power from windmills. It primarily serves power, cement, steel, refinery, metros, windmill, and metal sectors. The Company operates in two business segments: Operations of Cranes and Power Generation. It earns regular revenue from the business of power generation from windmills commissioned in Jaisalmer, Rajasthan and Chitradurga, Karnataka. The Company's clients include ACC Ltd, BGR Energy Systems Ltd, Birla Corporation Ltd, Electrosteels Ltd, Furnace Fabrica (India) Ltd, Jindal Steel & Power Ltd, Leitner Shriram Mfg Ltd, Neelachal ISPAT Nigam Ltd, Suzlon, Aditya Birla Group, TOYO, BHEL, Reliance, Vedanta Group, Siemens, Tata Steel, Enron power, Samsung and Gujarat Ambuja. Sanghvi Movers ltd is globally compared with Nippon Pallet Pool Company Ltd of Japan, Han Kook Capital Company Ltd of South Korea and with Nippan Rental Company Ltd of Japan.
Sanghvi Movers is the 3rd largest crane services company in Asia and ranked seventh largest in the world. The company has a robust fleet of over 400 cranes, majority of which are above the 100 tonne category. Sanghvi Movers has an overall market share of about 45% and more than 80% market share in the 100 tonnes and above category. The company undertakes the implementation of turnkey projects and caters to 75% of the traditional power sector and 65% of the windmill sector's crane requirement. The company has Crawler and truck mounted cranes and also has Hydraulic Multi Axle Modular Trailer. The company claims to have 98 % guaranteed machine availability with a timely deployment. The company has its owned state of the art Sanghvi Training Academy which provides high skills crane training programmes and produces highly skilled crane operators. Sanghvi Movers has 12 depots across the country to ensure timely deployment of cranes. The Indian logistics industry accounts for a mere 2 % ($100 billion) of the $5000 billion global logistics industry despite having the second largest network of roads at 3.83 million km, the fourth largest rail network of 63000 km, 128 airports, 12 major ports, 1 trans-shipment port and 187 non major ports. Indian Logistics sector grew by 8 to 10 percent annually over the last decade. There are several factors which have favorably impacted the growth of the logistics industry, like the country's tax regime, growth across major industry segments such as automobile, pharmaceutical, fast moving consumer goods (FMCG) and the emergence of organized retail. Exim trade volume of India is growing consistently from last decade hence India is set to increase its share in global trade from less than 1 % now to about 1.6 % in 2012. India's level of containerization is less than 25 % as against global average of 60 % - 70 %. An average time taken to clear import and export cargo at ports is about 19 days in India as against 3-4 days in Singapore. The trend towards containerization picked up in India in the last decade. Container traffic has seen a growth of 12 % CAGR in India from 2.5 million TEU in 2000-01 to 7.5 million TEU in 2010-11.
Sanghvi Movers has a near monopolistic position in the high tonnage crane rental market in India. Company is a great proxy play to the improvement in Indian Infrastructure industry. The company is led by a strong entrepreneur C. Sanghvi and his professional team, company has been able to maintain its competitive advantages. Company has its Economic Moat (A competitive advantage that one company has over the other companies in the same industry – by Warren Buffett) expanding moats which is a very strong sign of a future Multi-bagger stock. Logistics is responsible for all the movement that takes place within the organization whether it is inbound logistics of incoming, raw materials or movement within the company or the physical distribution of finished goods, logistics encompasses all of these. A typical logistics framework mainly consists of physical supply, internal operations and physical distribution of goods and services. To put it more simple manner, the material supply logistics starts from the base level of "generation of the demand", through the "process of purchase" and "supply of material from the vendor" right through to "final acceptance" and "payments to the supplier" and "issue to the indenter" and has to be considered as a "one whole activity" with each stage having an impact on price/cost of material supply. Logistics is, in itself, a system; it is a network of related activities with the purpose of managing the orderly flow of material and personnel within the logistics channel. As said before the Indian logistics industry accounts for a mere 2 % ($100 billion) of the $5000 billion global logistics industry and trade volume of India is growing consistently from last decade & hence India is all set to increase its share in global trade from less than 1 % now to about 1.6 % in 2013, and Sanghvi Movers is well equipped for that, also as Prime minster of India has now emphasized more on infrastructure development – Sanghvi Movers is a silent play to that. It is expected that the Sanghvi Movers EBITDA margin to be down 4.37 % yoy (slightly up qoq) chiefly from lower yields due to keener competition and discounts. Yields continue under pressure and are expected to be lower in FY14 from 2.86 % in FY12 because of intensifying competition. This leading domestic crane-hiring company provides hydraulic and crawler cranes to industries in infrastructure. The slowdown, however, in its target market (wind and power) would weigh on its results. Competition from foreign and domestic crane rental service players and lackluster investment in the infrastructure sector will keep the capacity utilisation and blended yield under pressure and affect the profitability in FY14E. There could be a re-rating of the stock only after a reversal trend in the capex cycle. Keener competition from foreign operators at lower rates and the slowdown in fresh investment have led to less planned capex for the next two years. The company has been struggling with delays in executing wind and power projects and the slowdown in steel and cement capacity expansions. Its cranes are operating at lower utilisation and yields, and it is grappling with bad-debt issues. With no capex for the next two years, debt would slide 50 % from its current consolidated debt of around Rs. 590 Cr. At the CMP of Rs. 40.55 the stock quotes at 4.71 x FY14E and 1.231x FY15E earnings. One can 'BUY' SANGHVI MOVERS with a short term target price of Rs. 45.00 and for Medium to Long term investment it could be a good buy for the target price of Rs. 55.
NET PROFIT (₹ Cr) 101.80 40.90 37.30 45.80
EPS (₹) 23.50 9.50 8.60 10.60
ROE (%) 16.20 6.20 5.40 6.20
ROCE (%) 15.40 9.30 9.20 9.50
I would buy SANGHVI MOVERS LTD for Medium to Long term for target of Rs. 55 and for the shorter term it woud be Rs. 45.00. As I always say, I am a long term believer in markets & I do respect the markets and will keep a strict stop loss of 8 % or ₹ 37.30 on every purchase. (Why Strict stop loss of 8 % ?) - Click Here
Labels: SANGHVI MOVERS LTD
IL&FS TRANSPORTATION NETWORKS LTD : PARTNERING GRO...


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The Love Shack
SPARC in the News!
SF Equity Plan
Manufacturing & Distribution Info
SPARC exists to be a positive, guiding light for our industry, communities, patients and customers.
SPARC is a long-trusted source for the highest quality cannabis. Our cannabis products are sustainably grown on our Sonoma County estate in fully organic, biodynamic fields using only natural sunlight. SPARC began in 1998 as a trailblazer in medical cannabis, and today continues to originate and propagate many of the industry's most rigorous quality-control practices. For those who benefit from medical cannabis and those who responsibly enjoy adult-use cannabis, SPARC is committed to advancing the standards of how cannabis is cultivated, packaged and retailed industry-wide, and being a force for good in the neighborhoods and communities we call home.
SPARC's roots began early in cannabis regulation, reaching as far back as 1998 when CA Proposition 215 was passed, making medical cannabis available to those with a doctor's recommendation.
After years of growing and distributing with our collective, the first SPARC retail facility opened in 2010 at 1256 Mission Street in the SOMA neighborhood of San Francisco and was immediately lauded for the quality of service, wide selection of product, and the stunning design of the facility. Shortly afterward, SPARC opened two of the first legally permitted, commercial-scale cultivation facilities in SF, committed to bringing quality products to our customers at affordable prices.
In 2015, SPARC merged with Peace in Medicine, a highly respected industry peer with two retail facilities in Sonoma County, and in 2016 SPARC opened our newest retail facility in San Francisco's historic Lower Haight neighborhood. 2017 saw SPARC beginning cultivating cannabis at our new estate in Sonoma County's lush wine country, and in 2018 our farm became Demeter Certified for Biodynamic cultivation, making our facility one of the largest Biodynamic cannabis farms in California
Learn more about SPARC's future as it develops at our press page!
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What is the Difference Between Civil Cases and Criminal Cases Concerning Officer Misconduct?
While on patrol one day, a young male police officer in Los Angeles County receives a call from a group of three shoplifters at a local comic book store. The officer arrives on the scene and recognizes one of the attempted shoplifters as his cousin's 11-year-old son. The store owner reportedly caught the three shoplifters slipping comic books into one of their backpacks and attempting to leave without paying for them.
The police officer takes a report from the store owner. Because the shoplifters are all minors and it was their first time committing a crime, they are taken to the police station for their parents to pick them up. When the police officer's cousin arrives, he asks the police officer if there's anything he can do to help out a member of his family. Despite his better judgment, the police officer bends under pressure from his family and does not list his cousin's son as one of the attempted shoplifters in his official report.
By doing this, the young police officer falsifies a crime report and could be found guilty of the LA crime of police misconduct.
California PC 118.1
Police misconduct refers to when a police officer does something against the law. Examples include falsifying reports, lying under oath, racial profiling, tampering with evidence or witnesses, and harsh interrogations.
An example of police misconduct is California Penal Code 118.1 PC. PC 118.1 makes it a crime for a peace officer to falsify a crime report. California defines a peace officer as someone who works for law enforcement and has the capability to arrest someone for a crime, including:
County sheriffs
State patrol officers
Many times you may hear of a police officer charged with a perjury crime for providing false testimony in court. PC 118.1 extends that to include a peace officer lying on a report as well.
How Could a Police Officer Be Convicted Under PC 118.1?
In our story, the young Los Angeles County police officer falsifies his report by leaving off his cousin's son's name as one of the shoplifters. When juvenile court calls in the other two young shoplifters to face charges, their parents find out a third shoplifter was not charged. They notify the police officer's captain and the Los Angeles County district attorney's office to press charges for police misconduct.
Following an investigation by the officer's precinct and the district attorney's office, the young police officer faces charges under PC 118.1. To charge the officer, a prosecutor must show:
The police officer was on duty when he wrote the report and it was for his police precinct and not another law agency;
The police officer knowingly falsified the report;
The falsified report was for a crime;
And the falsified information was significant to the report
What Are the Penalties for PC 118.1?
With police misconduct, depending on the police officer's standing and history, his precinct and the district attorney may decide to proceed with other civil charges or criminal charges.
If the precinct and district attorney move forward with civil charges, they will punish the young police officer through the presiding law enforcement agency. Civil charge punishments may include:
Loss of police officer badge and license
An investigation by internal affairs
Formal review by a citizen board or other oversight committee
If a further investigation finds evidence of other police misconduct by either the young officer or other officers in his precinct, additional actions may occur including policy reforms and additional training for police officers.
If the district attorney decides to move forward with criminal charges and proves the young police officer is guilty under PC 118.1, the officer faces possible jail time. PC 118.1 is a wobbler in California, which means it is treated as a misdemeanor or felony charge depending on the terms of the crime and the presiding judge.
If charged as a misdemeanor, the young police officer faces:
A county jail sentence of up to one year
Misdemeanor probation
If charged as a felony, the young police officer faces:
Up to three years in California state prison
Felony probation
Additionally, the young officer and his precinct could potentially face civil lawsuits from the families of the other two young shoplifters as well as the owner of the comic book store for damages from falsifying his report.
Peace officers in Los Angeles County are sworn to uphold the law and protect the citizens of the city from harm. If you are a sworn peace officer charged under PC 118.1, your first step should be to call the criminal defense lawyers at the H Law Group at (213) 370-0404. We can offer our expertise and advice on how to best proceed with your case for the best outcome possible.
Jacob Arndt
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2015 KTM 350 SX-F, The 350 SX-F continually causes a real sensation! In 2013, it succeeded in winning the MX1 World Championship in commanding style for the third time in succession and in dominating the MX of Nations. Toni Cairoli clearly has complete control of this class with his 350 SX-F and he loves this ingenious concept of low weight, playful handling and rev-oriented engine characteristics. A unique recipe for success, from which professionals benefit just as much as amateurs.
All KTM pictures are kind of KTM HD motorcycles picture was taken, including motor fuel gauge, engine, engine mounts, tires, fuel tank, the car handles, lights and so on, 2015 KTM 350 SX-F SX-F full-screen viewing,2015 KTM Motorcycles today Price: $8,699 .


Maybe it was coincidence, maybe it was not. But today, I received an Anti-Semitic e-mail from someone calling himself "Aryan Warrior" (why the pseudonym if you have nothing to hide?), and I came across a blogger who posted a little movie clip about Anne Frank. So I decided to devote, especially for Mr. Anonymous, a webpage to the life of Anne Frank in Amsterdam; it was something I wanted to do for quite a long time. You can find it here, and you can find more information on the Frank family here. Or, if you want to know more about the other Dutch Jews killed during the Second World War, visit the Digital Monument.


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Magdalena Church - Laguna
Located near Bonifacio Street in Barangay Tipunan in the municipality of Magdalena in Laguna, Magdalena Church is one of the oldest Spanish-colonial era churches of the province. The church is dedicated to St. Mary Magdalene.
Magdalena Church
Magdalena Church Details
Also called St. Mary Magdalene Parish Church, Magdalena Church was constructed sometime in 1820. The first church was built using materials that are abundant in the area such as cogon and wood. Its first parish priest was Father Antonio Moreno, OFM who was appointed there in 1821.
Magdalena Church - Magdalena, Laguna
In 1829, Magdalena Church was rebuilt using sturdier materials like stone, bricks, and adobe. The locals helped in its construction through paying taxes and also by providing labor (forced labor to be exact). The locals quarried stones and sand from the Pagsanjan River for the said construction.
Magdalena Church - St. Mary Magdalene Parish Church
Magdalena Church facade
The plaza in front of Magdalena Church
Ten Commandments posted outside the church
The construction of Magdalena Church took more than two decades to be finished. It started in 1829 but hit a snag and was halted in 1839. Work resumed sometime in 1849 and was finally completed in 1855. However, its four-story bell tower was finished in 1861.
The carved doors of Magdalena Church
Magdalena Church NHI Marker
Magdalena Church information donated by BANAK Inc.
The completed stone church was built in the Baroque architectural design. Like most, if not all, the Spanish-colonial churches in the country, Magdalena Church faces a plaza and is near the town hall. The plaza in front of the church is quite noteworthy as it remains spacious and can still hold a large crowd as it was intended in colonial times.
Inside Magdalena Church
Magdalena Church Altar
Magdalena Church Pulpit
Magdalena Church interior as seen from the entrance
Magdalena Church interior as seen from the altar
Magdalena Church Baptismal area
Another photo of Magdalena Church's baptismal area
At present, Magdalena Church is well-maintained and still retains its Spanish-Colonial era feels. Little do most people know, Magdalena Church has been featured and used as a filming location for numerous Filipino films. Examples of these movies are Santiago (1970) and Sanctuario (1974) which featured the late King of Filipino Movies - Fernando Poe Jr. It was also seen in the hit historical biopic film Heneral Luna (2015).
Magdalena Church - Sanctuario (1974) scenes
Heneral Luna (2015) scene shot in Magdalena, Laguna
Team Nicerio visits Magdalena Church
Ella in Magdalena Church
The Backpack Adventures in Magdalena Church
My wife, daughter, and I got to visit Magdalena Church during our 2021 Laguna Road Trip. It was the last destination that we had for the said trip. During our visit, the church was actually closed to the public. Luckily, together with another road tripper, we managed to explore the inside of Magdalena Church after asking the kind caretaker to allow us in.
Magdalena Church Entrance Fee
It's FREE to enter and explore Magdalena Church and its grounds.
Magdalena Church Mass Schedule
Monday - 7:30AM -8:30AM
Tuesday - 7:30AM -8:30AM
Wednesday - 5PM - 6PM
Thursday - 7:30AM -8:30AM
Friday - 5PM - 6PM
Saturday - 7:30AM -8:30AM
Sunday - 6:30AM - 7:30AM / 9AM - 10AM (FB Live) / 5PM - 6PM
Why visit Magdalena Church?
Magdalena Church is a must-visit if you're on a pilgrimage or Visita Iglesia around the province of Laguna. It's one of the most beautiful churches not only in the province but also in the whole Philippines.
Getting to Magdalena Church
From Cubao - Ride either a bus for HM and DLTBCo. bus lines going to Sta. Cruz in Laguna. Once there, you can take another jeepney going to the town of Magdalena. Tell the driver to drop you off at the town plaza or anywhere near the church so that you can get there by foot.
From Buendia - Ride a bus either from Jac Liner, GreenStar and DLTBCo. bus lines in Buendia going to Sta. Cruz in Laguna. Once there, you can take another jeepney going to the town of Magdalena. Tell the driver to drop you off at the town plaza or anywhere near the church so that you can get there by foot. Earliest trip to Sta. Cruz is at 4 AM.
You would pass this arch if you are coming in from the San Luis Rd/ Pagsanjan - Magdalena Road.
From Manila, drive to South Luzon Expressway (SLEX). Exit at the Turbina Exit in Calamba then take the national Highway to Sta.Cruz, Laguna. Turn right to San Luis Road/Pagsanjan-Magdalena Road until you reach the town proper of Magdalena. From there, it's easy to reach Magdalena Church.
You can also use Google Maps or Waze to guide you from your starting point.
Laguna Philippines Visita Iglesia
Location: Bonifacio, Magdalena, Laguna, Philippines
Pagsanjan Church Revisted 2021
Caliraya Lake - Laguna
Alligator Lake - Laguna
Laguna Road Trip 2021
Boso Boso Church - Rizal


Ransomware is one of the uglier threats that security professionals have to deal with. Unfortunately there's a new version in the wild.
Security vendor Avast reported Tuesday that the Reveton ransomware that for a while has locked up infected PCs until a payment is made has been upgraded into a powerful password and credential stealer. It's authors have done it by adding the latest version of the Pony Stealer malware.
It makes turns a computer into a botnet client, Avast noted in a blog. The most common infection is through well-known exploit kits like FiestaEK, NuclearEK, SweetOrangeEK and others.
"Reveton use one of the best password/credentials stealer on the malware scene today," says Avast. "Pony authors conduct deep reverse engineering work which results in almost every password decrypted to plain text form. The malware can crack or decrypt quite complex passwords stored in various forms.


1.Four Model Types supported: single aileron, dual ailerons , flapperons, delta and vtail.
 a. Rate Mode ,Rate Mode for offset correction.
 c. Gyro Off Mode,transsmiter control the plane directly.
3.Two kinds of Gain Control Method supported:Master Gain from the radio, Independent Axis Gain from the Variable resistor on the Controller board.
4.Using superior algorithm, Bring a more comfortable and more sensitive sense of control .
The Controller has to re-learn center position after installation,or replacing a new radio system, or making a trimming(or Sub-Trim)change within the transmitter, otherwise the servos may move to one side automatically when switching to hold mode.To do this,just quickly flip the flight mode switch twice between rate mode and hold mode within 1 second!
LED OFF: NX3 in Gyro Off Mode.
LED ON: NX3 in Rate Mode.
LED flash: NX3 in Hold Mode.
PLEASE READ THE FOLLOWING STEPS VERY CAREFULLY BEFORE YOU START TO INSTALL A NEW PLANE!
The board need to be firmly mounted near the center of the gravity of the plane by using the double-tape provide.Please make sure the longer side of the board is along with the heading direction.After mounting ,please check again if the board is attached firmly in the plane.
The DIP switches set the WING mode,Please match the type of your aircraft with Normal Airplane(single aileorn),Normal Airplane(dual aileron for flapperon), Delta-wing (Flywing-wing)and V-tail according the pictures 1 to 4. if you change any DIP switch settings, power cycle the device to enable the new setting to take effect.
Please connect the control board and the radio receiver using wires provide according the pictures 1 to 4.Pay attention to the color of wires to avoid anti-plug.
Assign a 3-pos switch to the channel which connected the pins"IN-4"(AUX-IN) for switching the flight mode in flight.When use a 2-pos swtich,you can only switch between Rate Mode and Hold Mode,So you can not switch to Gyro Off Mode.It will be set to Rate Mode by default if switch channel is not connected to the board. If your transsmiter has Travl Adjust Function(End Point Adjust Function),you can change the switch channel's End Point to change Master Gain.
Befor flight, you have to verfy that the gyro compensation direction is OK, otherwise, it could lead to losing control or even crash during the flight!the VR gain POTs on the NX3 control the correction gain and direction for each of the pitch (ELE), roll (AIL) and yaw (RUD) axis.
Quickly flip the flight mode switch twice between rate mode and hold mode within 1 second!