Sentences with phrase «areo as»

Not exact matches

If we presume some (incremental) level of incentive fees received at yr - end (as with 2012), this should confirm my previous assertion that Argo Group will continue to be profitable — even if zero AREO fees are received.

As the reported (net) receivable account in the balance sheet changed from 4.3 to 3, we have to assume that somebody else than AREO paid 1.3 back to ARGO?

In this case, for a number of reasons, their treatment's clearly preferable — $ 1.3 m of AREO revenue (which is contractually due) is recorded, but this amount's immediately written off as a bad debt provision in the P&L.

Hopefully we'll see the same positive impact in Argo's FY P&L — but this will depend on whether the AREO payment's treated as genuine (current period) revenue, or as a settlement of outstanding receivables.

FCF was $ 450 K better than my estimate, which puts cash & cash equivalents at $ 4.3 m, while investments came in much as expected at $ 19.4 m. I'm also going to count the subsequent $ 1.2 m AREO payment.

As of today, you could adjust for small Cyprus losses & also a decline in the value of the AREO stake (easy to calculate, the no.

I would note 2012 free cashflow was only $ 0.2 m — but if we assume a stabilisation in working capital (& the current status quo re AREO), that would elevate underlying free cashflow to around $ 1.5 m. Also, as mentioned above, increased (non-AREO) management fees & continued expense restraint will hopefully make a contribution in 2013.

As for AREO — well, we're all guilty of excess & delusion during the boom years: Like pretty much all funds launched then, prices & potential weren't attractive enough, and leverage was far too high — a lot of those funds are now gone, but AREO still lives to fight another day.

This condo will accommodate a maximum of two people, four with queen areo bed as extra bedding.