Sentences with phrase «iass pension deficit»

The belief is that because rates are being kept artificially low, then the pension deficits are also artificially and temporarily large.

By this past weekend, the company had # 900 million ($ 1.2 billion) in debt and a # 587 million ($ 808 million) pension deficit.

At OTPP, Leech went on to have an impressive tenure in his own right, growing the organization to $ 140.8 billion in assets (as of the end of 2013) and co-authoring a book on the country's collective pension deficit before stepping down this year.

The U.S. alone adds about $ 3 trillion every year to the pension deficit.

Just for fun, try calculating the all - in labour cost for someone you know. I tried it on my spouse, who is a university professor. I added her healthy salary to her current service pension cost and other benefits and payroll taxes. I threw in an extra amount to reflect the pension deficit that her university is now grappling with (thanks to the market meltdown).

DEBT Pension Deficits: While Private plans have an estimated deficit of just $ 465 billion, Public plans of local, state and the federal government in the US are estimated to have something like $ 1.6 trillion!

So, as we scrambled like M * A * S * H * surgeons on the battlefield to stabilize the patient in real time — finding new financing, negotiating long term contracts with our employees, reversing our pension deficit — and the noose slightly loosened.

Yields were falling before the crisis, and pension deficits are nothing new.

The business had been struggling given that it had # 900m of debt and a # 587m pension deficit before it failed.

While any closures might be regretted, they would not be necessary at all were it not for the inherited BBC pension deficit and the vast public deficit inherited from the previous Government.»

The government would take on responsibility for Royal Mail's # 7bn pension deficit to make the remaining institution a more attractive business proposition.

If true, it would net the government a # 22 billion cash windfall but nationalise the pensions deficit, forcing taxpayers to foot the bill.

Richard Hooper's update to the December 2008 report which initially recommended bringing private capital to the organisation, published today, said Royal Mail's # 8 billion pension deficit is even more unsustainable than it was 18 months ago.

'' «notes the threats to the future of the Royal Mail and welcomes the conclusion of the Hooper Report that, as part of a plan to place the Royal Mail on a sustainable path for the future, the current six days a week universal service obligation (USO) must be protected, that the primary duty of a new regulator should be to maintain the USO, and that the Government should address the growing pensions deficit; notes that modernisation in the Royal Mail is essential and that investment must be found for it; endorses the call for a new relationship between management and postal unions; urges engagement with relevant stakeholders to secure the Government's commitment to a thriving and prosperous Royal Mail, secure in public ownership, that is able to compete and lead internationally and that preserves the universal postal service; further notes the Conservatives» failure to invest in Royal Mail when they were in power in contrast with Labour's support for both Royal Mail and the Post Office; and notes that legislation on these issues will be subject to normal parliamentary procedures.»

Although PCS has a substantial pensions deficit, its immediate solvency isn't threatened and questions have been raised by many members as to the benefits of subsuming their union into Unite.

«Royal Mail's working practices are inefficient, competition is intensifying, industrial relations are poor and sorting machinery is outdated, while the fixed price of a stamp and a huge pension deficit seriously limit room for manoeuvre.

«But the Government must explain how they are going to tackle the pensions deficit at minimal cost to the public.

Former Ofcom director Richard Hooper, said the Royal Mail's financial situation had got even worse since his original report in 2008, and warned that its growing # 10bn pension deficit was unsustainable.

With schools facing increased costs amounting to 4.5 per cent due to pay rises, National Insurance contributions and pension deficits, it's no wonder that more than 90 per cent of 1,000 head teachers surveyed by the Association of School and College Leaders (ASCL) say that their finances are going to be critically under pressure for 2015/2016.

In 2010, faced with the one of the largest pension deficits in the country, Illinois created a new, less generous pension plan for new teachers that lengthened the vesting requirement from five years to ten.

The pension deficit at REAch2, which runs 55 primaries, rose from # 12.6 million in 2014, to # 18.4 million last year.

Academies Enterprise Trust, the country's largest academy chain, has a pension deficit of # 68.6 million, down from # 71.9 million the previous year, when nine of its academies were merged, closed or moved to other trusts.

Another problem lies with the fact that both the state government and districts have been able to increase teacher salaries (by 8.4 percent between 1999 - 2000 and 2011 - 2012, according to the U.S. Department of Education) without being forced to contribute more into the system in order to stem pension deficits.

Although Greuel still has two months to win the run - off, she will have to do a better job of articulating her school reform agenda as well as offer more - concrete solutions for addressing L.A.'s fiscal issues (including a pension deficit that has increased by 25 percent a year for the past decade).

A long - running squabble over a pension deficit has seriously delayed a major multi-academy trust from taking over a failing school.

Given that the cost of the nearly - free healthcare benefits and other perks of teaching have increased by 21 percent within a six - year period — and the $ 1.4 trillion in pension deficits and unfunded retiree healthcare costs — governors realize they must restrain future increases.

Conservative investors investing in the steel industry will look for companies that do not have large pension deficits, and companies that are non-union, or where the unions have made peace with management.

I also include 50 % of convertible / preference capital, pension deficits etc., which seems an appropriate balance — it recognizes these (long term) liabilities aren't bank loans, but they still increase gearing & prior claims on capital.

I calculate total debt (of 5.5 B) would need to be reduced by about 39 %, to limit net interest to 15 % of Op FCF — therefore, we'll include a 2.1 B (negative) debt adjustment in our valuation, plus a 336 M adjustment for the net pension deficit.

distressed, Greencore, IFG Group, Interest Coverage, Margin of Safety, Operating FCF, Pension Deficit, Rights Issue, Uniq

While Canada Post management has disagreed with the government on the need to fund the pension deficit, in 2015 it said it would begin making payments in 2018 to fill the solvency gap.

With zero interest expense, one might also expect a debt adjustment — unfortunately, INM still has an $ 86 million pension deficit on the balance sheet, and if we consider it a debt - proxy, it effectively absorbs what would otherwise be available debt capacity:

Unfortunately, I haven't even gotten around to their significant Pension Deficit yet... Yes, I told you Greencore was distressed!

The company reported full - year revenue growth of just 3 %, net debt plus pension deficit plus trade payables (net of receivables) totaling GBP 560 Million, and produced just GBP 31.6 M of free cash flow (vs. a prior GBP 42.0 M)-- and GNC still manages to sport a GBP 941 M market cap & an estimated P / E of 15.2!?

BCE, Canadian Pacific Railway, Imperial Oil and George Weston may also face higher than average contribution requirements, given the size of their pension deficits relative to their market capitalization.»

I also considered incorporating Total's (clearly undervalued) Investment Property, but ultimately I'm happy to consider this an offset to TOT's Pension Deficit.

Cash has piled up, but their pension deficit's significantly higher too (as with most companies).

All sounds great, but this completely ignores the (totally un --RRB- exceptional charges being expensed every single year, the increasing levels of capex, the continuing & quixotic acquisition spree in the US (believe me, $ 200 mio of pro-forma US revenues does not make you a player there), and let's not forget the whopping GBP 116 mio net pension deficit.

The more this one goes up, the more investors love it... Meanwhile, my bearish perspective remains horribly off - base, but GNC's recent interims do nothing to change my mind: Revenues grew just 0.9 %, both net debt & the pension deficit increased again, and free cashflow was actually negative (by GBP 12.9 mio).

[I should highlight the net pension deficit of 37 M, though it's nearly halved since its peak.

Uniq had already cleaned up its B / S and eliminated its Pension Deficit (by handing 90.2 % of the company to its pensioners), but did I mention this was a Cash Offer?!

There's no let - up in the top - line pressure here, time & again INM's proved itself incompetent when it comes to digital, and their pension deficit obviously isn't going away.

To this (negative) debt adjustment we should also add the remaining net pension deficit of 61 M. However, we do have an offset — INM's 18.6 % stake in APN News & Media (APN: AU)-- a ridiculous trophy asset that should have been sold years ago, but at least its value has recovered somewhat in the past year (to AUD 128 M).

I'm bemused to hear them regularly insist (from one side of their mouth), they've no legal responsibility for the IASS pension deficit, while they detail their progress on actual pension discussions (from the other)!

Famine — I assume an equity market cap of 24x FCF = 629 mm (but adjusting for Net Debt and Pension Deficit — I get my own fair value target of 357 mm.

LTM Depreciation & Amortisation, Free Cash Flow & Net Cash Interest Paid are taken from the Cash Flow Statement, while Net Debt & Pension Deficit is taken from the latest Balance Sheet.

Esp when FCF as a % of Revenue is so low like all of the above — very little protection against their debt / pension deficit backdrops

Conquest — I assume an equity market cap of 26x FCF = 744 mm (but adjusting for Net Debt and Pension Deficit — I get my own fair value target of 333 mm.

However, I'd be none too surprised if any eventual distribution strategy / announcement is accompanied by some huge pension deficit concession to the unions (despite AERL's repeated denials of any legal liability).

Unfortunately, there's a whopping great EUR 0.7 bio pension deficit to factor in also.