Get the full details on this £5 stock now – while your report is free. Image source: Getty Images. See all posts by Jabran Khan I wrote about the Big Four supermarkets when the market crashed last year. Tesco (LSE:TSCO) was my number one pick of the three supermarkets listed on the FTSE. Recently, the Tesco share price has fallen. Is this a good opportunity to buy even cheaper?Tesco share price declineTSCO completed the $10.6bn sale of its businesses in Thailand and Malaysia to CP Group in December. When the deal was first announced last year, the company promised to return approximately £5bn to investors. An additional £2.5bn was to be used to bolster its pension fund.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I believe two events linked to this deal have affected the Tesco share price. First, a special dividend was approved at general meeting of investors. This only had a minor effect on its share price. Then, the company consolidated its shares. If it hadn’t consolidated, the stock would have dropped massively following the dividend payout. The payout equated to 50.93p per share, which is approximately 20% of Tesco’s market cap. Without the consolidation, the Tesco share price might have fallen by a similar amount. Essentially, I believe the consolidation was designed to maintain Tesco’s share price.Since late January, the TSCO share price has fallen close to 10%. This is also the same margin by which it is down over the last 12 months.Investment caseWhen building an investment case for any stock, one of the key indicators I look at is growth potential. So does the current Tesco share price entice me when looking at its long-term growth potential?Tesco at one point had a 30% market share of the UK supermarket industry. It is reported that the industry will grow a modest 15% between 2019 and 2024, which is less than 3% annually. Tesco and its share price has come under pressure from Aldi, Lidl, and Ocado. The Covid-19 pandemic has affected consumer spending habits. Consumers are looking to make their money go further, which is where Aldi and Lidl are better positioned than Tesco. Ocado has excelled due to its online only platform and delivery service. I am not convinced Tesco has enough edge over competition to maintain and build on market share against these other players. From a financial perspective, the Tesco share price could be buoyed by some positives. Analysts expect Tesco to generate revenue growth, although only just over 1%. Profits are anticipated to rise and earnings per share (EPS) are predicted to rise over 50%. A prospective dividend yield close to 4% is an attractive proposition too.There are a few negatives to the financials. Going back to the dividend, Tesco doesn’t possess a great dividend growth track record. It cancelled its dividend a few years ago. As a savvy investor, I like to invest in firms that consistently increase their dividends.My verdictThere is a lot to like about TSCO. The current Tesco share price is attractive. When I drill down into the finer detail, however, there are too many issues and negatives which are putting me off. I do not think TSCO has enough long-term growth potential for my liking.I would rather invest my money elsewhere. With that in mind, here are some of picks from my best stocks to buy now list. Our 6 ‘Best Buys Now’ Shares Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Is the falling Tesco share price a buying opportunity? Simply click below to discover how you can take advantage of this. Jabran Khan | Monday, 22nd February, 2021 | More on: TSCO Enter Your Email Address Jabran Khan has no position in any shares mentioned. The Motley Fool UK has recommended Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. FREE REPORT: Why this £5 stock could be set to surge
By MADDY VITALEThere are simple steps Ocean City residents can take to make sure they are getting the proper flood insurance discounts and feel secure that their homes are properly protected when waters rise.On Wednesday night, insurance agent Tom Heist, who also serves on the city’s floodplain committee, and Benny Tafoya, of the city’s engineering department, were on hand to answer resident’s questions.Heist led the virtual meeting and explained the city’s flood insurance rating and how it is important for people to make sure their homes are properly elevated, flood vents are installed, and the mechanicals are raised.The city holds a Class 4 in FEMA’s National Flood Insurance Program’s Community Rating System. The rating allows for discounts on homeowners’ flood insurance of 30 percent. The city’s goal is to achieve a Level 3 rating for a bigger discount of 35 percent.Ocean City. like most barrier islands, is located within a floodplain. Ocean City’s almost 7,000 policy holders collectively save more than $3.3 million a year – an average savings of about $192 per participating home.“The hard work Ocean City has done has paid off,” Heist, president of Heist Insurance Agency in Ocean City, said.He explained that the rating system is a one through 10, with the lower numbers resulting in the higher discounts.“Ocean City is a (Class) 4 which is a 30 percent discount. Sea Isle City is a Class 3, with a 35 percent discount,” Heist said. “Ocean City and Sea Isle aren’t only great in New Jersey, but national leaders.”Heist credited the Class 4 rating in Ocean City to the work of Mayor Jay Gillian and his administration toward mitigating flooding on the island with a host of projects to improve drainage by replacing antiquated infrastructure and building new stormwater pumping stations.He explained to the residents that homes built after 1974 were required to have elevation certificates and that it is worth it to everyone – including those with homes prior to 1974 – to have elevation certificates. They cost anywhere from $350 to $500 and could save property owners thousands of dollars a year on flood insurance.Plans for more storm water pumping stations, such as this one, are in the works.During the public portion of the meeting residents asked questions including should a public adjuster in to survey a home if it suffers flood damage. Some residents asked who could come into a home to inspect it and determine if it qualifies for a higher discount. A few homeowners asked why they did not see the Class 4 discount on their insurance premiums.Heist said there is no need to pay a public adjuster to come in so long as the homeowner’s insurance company is helpful. He said the highest rate a homeowner can see is what all compliant homes have off their flood insurance premiums under a Class 4 rating.Tafoya explained that the city’s engineering department is always willing to help homeowners with specific questions.The ultimate goal, both Tafoya and Heist said, is to have everyone’s home compliant to meet the flood rating standards.Currently, Ocean City has 587 homes that do not meet the proper qualifications because they may not be elevated or have proper venting.“I have an elevation certificate for my house and my CRS discount was zero. Can you walk me through?” asked one resident.Tafoya responded, “Call my office to review the elevation certificate and then I could tell you what steps you could take. There is no reason you shouldn’t get the discount if your home is in compliance or if it just simple stuff that can be done.”When it came to specifics about flood policies, Heist said it is very simple.“The flood policy pays for the box that you live in,” he said. “They aren’t paying for anything in the yard, property, decks. They are only paying for floods, not mildew, not vehicles.”Heist told the residents that he believes the future is private flood insurance carriers.“There are many programs other than the National Flood Program. Private market has lower premiums and shorter waiting periods to get them in effect,” he noted. “The rates can change year to year and no regulation will stop a private market insurer from raising the rates but there are so many out there that they all try to keep each other honest.”The presentation of the virtual meeting will be available on the City’s website at www.ocnj.us. The city has ongoing projects to ameliorate flooding in areas on the barrier island. Some residents say flooding is getting progressively worse across Ocean City.
Most music fans are familiar with the NPR Music Tiny Desk Concert series, highlighting talented musicians in the intimate setting of a desk in the NPR studios. Some of our favorite artists have recorded Tiny Desk shows, including Anderson .Paak, Chick Corea, Tedeschi Trucks Band, Steve Kimock, Common, Wilco and so many more! Even Phish guitarist Trey Anastasio has been featured on the acclaimed series.At the end of every year, the Tiny Desk staff hold an open contest to artists everywhere, entreating them to submit their own Tiny Desk Concert videos. The Tiny Desk Contest requires bands to film themselves around a desk, performing an original composition for their submissions. This contest was just announced today.Interestingly enough, Anastasio is featured as one of the judges for the contest. This means that, essentially, Phish fans can directly submit their original songs straight to Trey Anastasio. Maybe that’s an oversimplification, but either way it’s a fun opportunity to share music and potentially gain some national exposure.You can read about the contest here, and watch Trey’s Tiny Desk Concert in the video below.
Coordinating Economic Minister Airlangga Hartarto doubled down on Jokowi’s message, saying the President had instructed “central government and regional administrations to coordinate well [before] issuing a policy that will affect a wider community”.“The President asks for local-scale social restrictions, so we will evaluate [the transmission of COVID-19 in around] 83,000 villages and neighborhood units spread across the country,” Airlangga said after the meeting.Read also: Jakarta back under PSBB, but less strict than beforeThe Jakarta administration has decided to “pull the emergency brake” by reimposing large-scale social restrictions (PSBB) starting Monday, in light of the soaring number of new COVID-19 cases and fatalities each day as well as the high percentage of occupied hospital beds in the capital. President Joko “Jokowi” Widodo has encouraged regional administrations to implement local-scale social restrictions to contain COVID-19 transmission, instead of the large-scale ones, for “a more detailed handling” of the pandemic.Jokowi argued that each neighborhood unit or village in a certain region might need different treatment as they experienced a different level of crisis.“Don’t rush in shutting down a city, regency or certain areas. We have to move based on data to make a more effective policy,” Jokowi said during a Cabinet meeting at the State Palace on Monday. Jakarta Governor Anies Baswedan revealed earlier that 77 percent of 4,053 isolation beds for COVID-19 patients were occupied. The city would soon run out of isolation beds if it did not pull the brake, he claimed.Based on government data, nearly a quarter of coronavirus infections in Indonesia have occurred in Jakarta, amounting to 54,220 cases. Four of six municipalities in the capital, moreover, were marked “red” in the country’s COVID-19 risk mapping system.Several government officials, however, expressed their concerns regarding the Jakarta administration’s move to partially lock down the city, saying that it could negatively affect the economy.Airlangga, who also heads the National Economic Recovery and COVID-19 Response Team, said Jakarta’s plan to reimpose the PSBB had caused the stock market to dip.Industry Minister Agus Gumiwang said he was worried about the potential effects of the PSBB on the improving industrial performance, while Trade Minister Agus Suparmanto warned about the risk of disruption in the distribution channel if PSBB measures were reimposed. Topics :
LICengineering is managing a CROWN project which is developing advanced metallic coatings with potential self-healing properties that could significantly lower the Levelised Cost of Energy (LCoE).According to LIC, the project has gathered corrosion, manufacturing, installation and modeling companies dedicated to investigating how the expensive use of tons of aluminium and steel can be replaced by the large-scale use of self-healing thermally sprayed aluminium (TSA) metallic coatings.To make the commercial benefits widely available, CROWN is creating guidelines for the marketplace to support developers in switching to TSA coatings on a whole-foundation scale, which enables the entire offshore structure to become one giant anode, the company said, emphasizing that this way far less aluminium is corroded away and released into potentially fragile seas.Galvanic sacrificial anodes, the traditional and most common method of protecting offshore wind turbine foundations from the marine environment are crude and costly, since they can weigh multiples of tens of tons for large foundations, LIC said.Installing these large lumps of aluminium also often calls for expensive lifting operations that involve the use of large tools, divers and ROVs to secure the structure and finalize the electrical connection. In addition, they later attract additional wave loads, which in turn force primary steel sizes upwards, all driving up the cost of offshore wind energy.Therefore, the CROWN project aims to study many aspects of TSA manufacture and application to prove to the offshore wind developers that this is a reliable system which, with the proper development, can become the new industry standard, reducing energy costs at the same time, the company said.