I’m still buying GlaxoSmithKline stock despite the dividend warning

first_imgI’m still buying GlaxoSmithKline stock despite the dividend warning 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. Image source: Getty Images. See all posts by James J. McCombie Our 6 ‘Best Buys Now’ Shares FREE REPORT: Why this £5 stock could be set to surge Get the full details on this £5 stock now – while your report is free. Enter Your Email Address 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. Glaxo plans to launch at least 20 new medicines by 2026. Ten or more of these are reckoned to be potential blockbuster drugs, delivering more than $1bn in peak annual revenues. All of this appears at odds with the Glaxo share price falling by a quarter in 12 months.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…Glaxo stock splittingIn 2022, Glaxo plans to split into two companies. The first is “‘New GSK’, a biopharma company with an R&D approach focused on science related to the immune system, the use of genetics, and new technologies“. The second company should be a world leader in consumer healthcare.In August 2019, a joint venture (JV) was formed between the consumer healthcare divisions of Pfizer and Glaxo. The JV will form the second of the spinoff companies. It is already a world leader, holding multiple #1 market positions. Spinning off the JV makes sense. A standalone consumer healthcare company can support higher leverage with its more durable cash flows. The consumer healthcare company would be leveraged to 3.5–4.0 times net debt/adjusted EBITDA at the point of separation, with the cash being retained in New GSK. New GSK would have the freedom to invest in innovative drug development with lower leverage.Glaxo dividend warningInvestor sentiment towards the JV and split was initially positive but soured over 2020 and into 2021. Although Glaxo retains sole decision-making rights over the split’s manner and timing until 2024, Pfizer insiders have publically disagreed on the method. The two parties butting heads might complicate and make the process more expensive. The potential for conflict seems to have worried investors enough to start questioning the split, particularly its threat to dividends. Glaxo has gone on to announced there will be a new dividend policy for New GSK in 2022, and aggregate dividend payments will likely fall.But, while other investors are selling Glaxo shares, I am still buying. On average, spin-offs have been good for investors, with shares in the parent and the subsidiary outperforming the wider market for the next couple of years. I expect that aggregate investor interest will increase after the split because there is now a choice of a riskier biopharma company and a stable consumer healthcare one.Drugs developments can fail and cause large losses. New GSK’s revenue and earnings will likely be lumpier without the smoothing effect of cash flows from consumer healthcare. I am in no doubt that aggregate risk will increase as a result of the split. I am prepared for dividends to fall to — and perhaps beyond — the 67p analysts forecast for 2022. But, that is still a 5.5% yield at current prices.Given the potential in New GSK’s pipeline, I think the two companies will get back to a combined 80p dividend in five or so years. Takeover offers are more likely on the two new and smaller companies, making potential capital gains a distinct possibility. However, income investors might be deterred by the possibility of losing income streams. The GlaxoSmithKline (LSE:GSK) share price is down 24% over 12 months. That seems at odds with the pharmaceutical giant reporting an increase in revenue and net income for 2020. The consumer healthcare division increased revenues by 14% in constant currency terms. Also, Glaxo maintained its dividend at 80p in 2020 and expects to pay shareholders the same in 2021. At the current price of 1,215p, the one-year forward dividend yield on Glaxo shares is 6.6%. James J. McCombie | Friday, 26th February, 2021 | More on: GSK James J. McCombie owns shares of GlaxoSmithKline. The Motley Fool UK has recommended GlaxoSmithKline. 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. Simply click below to discover how you can take advantage of this.last_img read more

Two radio journalists held on charges of inciting a riot which they covered

first_img ArgentinaAmericas News November 19, 2020 Find out more ArgentinaAmericas Help by sharing this information On eve of the G20 Riyadh summit, RSF calls for public support to secure the release of jailed journalists in Saudi Arabia July 6, 2020 Find out more Reporters Without Borders today condemned the arrests of radio journalists Néstor Pasquini and Hugo Francischelli, who were present at a riot on 4 December in Corral de Bustos, a small town in the north-central province of Córdoba, in which a courthouse was destroyed and a judge’s car was torched. Held since 20 December, they are charged with inciting violence, arson and minor injuries and face between three and 15 years in prison.Calling for their immediate release, Reporters Without Borders said there appeared to be a miscarriage of justice. In a case in which the death of a young girl led to serious disturbances, it was regrettable that the authorities preferred to make scapegoats out of journalists who were just covering the events, the press freedom organisation said.The 4 December rioting was prompted by the rape and murder of a small girl, in which the judicial authorities charged the girl’s mother with murder and two men with murder and sexual assault.Prosecutor Carlos Ernesto Viramonte issued warrants for the arrest of 10 people in connection with the riot. The list include Pasquini and Francischelli, who were at the scene covering the disturbances. They were arrested at their homes 16 days after the events. The authorities are still looking for two other people on the list.Pasquini is the owner of local radio FM Show, and the correspondent of radio FM Panorama. Francischelli hosts a programme on radio FM 97.3.“They are making scapegoats out of the journalists, they want to intimidate the media in order to silence them,” Reporters Without Borders was told by Fernando Cabrera, the producer of the programme En Contacto, who is campaigning for Pasquini’s release. “It is no coincidence that the arrests were carried out just a few days before the holiday period,” Cabrera added. “He is still being held incommunicado and will undoubtedly spend New Year’s Eve in prison as well.”To the claim by the judicial authorities that the two journalists incited a violent protest outside the courthouse by nearly 1,000 people, Cabrera responded: “Pasquini was working so it was logical that he would be in the middle of the revolt.”The prosecutor decided to transfer the two journalists and six other detainees to the police station in the nearby town of Marcos Juárez to avoid any possibility of reprisals by local residents. Follow the news on Argentina RSF_en December 28, 2006 – Updated on January 20, 2016 Two radio journalists held on charges of inciting a riot which they covered to go further News After covering a riot in a small town in Córdoba province that was sparked by the rape and murder of a small girl, journalists Néstor Pasquini and Hugo Francischelli are being held on charges of inciting the riot and face up to 15 years in prison. Reporters Without Borders condemns this miscarriage of justice and calls for their release. Receive email alerts News December 4, 2019 Find out more Latin American media: under control of families, economic and political elites Organisation News Journalists face archaic sanction of capital punishment in some parts of the worldlast_img read more

2013 U.S Women’s Open Debuts at Sebonack

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The world’s best women golfers are teeing off Thursday in the 2013 U.S Women’s Open at Sebonack Golf Club in Southampton through Sunday, with Levittown teenager Annie Park the must-watch hometown favorite.Many golfers are fans unfamiliar with the relatively new course—Sebonack opened less than a decade ago, in 2005—and will witness the unveiling of the club’s 18-hole maze through the weekend.“I could not have imagined a better first semester to my college career,” Park said after qualifying for the 2013 U.S. Women’s Open, where she is making her second appearance among the world’s best women golfers.The U.S Women’s Open can be watched for over 15 hours in over 50 countries on television programs such as ESPN and NBC Sports.Park, a MacArthur High School graduate and freshman at the University of Southern California, is contending for the title against previous U.S. Open winners such as Na Yeon Choi (2012) and So Yeon Ryu (2011). After missing the cut in last year’s qualifying round, Park gained entrance into Sebonack the second time around.While competing in the Nassau County High School Championship at Bethpage State Park’s blue and red courses, Park crushed the competition, which included more than 130 boys. She led the USC Trojans to the NCAA championship and won the Honda Award as the Nation’s top female college golfer during that time. She will tee off against 155 other for the first-round in front of a crowd that is expected to reach as many of 130,000 during the week-long event.If the event turns out to be as successful as most are projecting it to be, Bethpage may lose some significance and Sebonack could be a boon to the Suffolk County economy. The U.S. Women’s Open projects an economic impact of more than $20 million to the greater LI community, event officials predict.Hosting several other events such as the Men’s U.S Open could put Sebonack on the map. Golf Digest ranked Bethpage’s golf course No. 6 of America’s 50 toughest courses in 2008, so golfers of all different levels may want to swing away at Sebonack instead.Traffic on the South Fork is expected be more congested than usual through Sunday as road closures hit Shrubland Road/Sebonac Road between 6 a.m. and at 8 p.m. daily. A parking field off South Magee Street and County Road 39 has been accommodated for visitor parking. From there, spectators will be shuttled to the event by The Hampton Jitney.last_img read more

Senior defender Dakota Derrer’s career over at Syracuse with season-ending injury

first_imgSyracuse defender Dakota Derrer’s collegiate career is over due to a season-ending injury, SU Athletics confirmed on Friday. She announced the injury in an Instagram post on Thursday. The injury has not been disclosed.Derrer, a senior, played two games this year during SU’s season opening series against Bemidji State on the weekend of Sept. 29. She led the team in blocked shots each of the past two years, and had played in at least 32 games in every season since she was a freshman.“We have been so fortunate to have such a well-rounded, hard-working player like Dakota on our team,” Flanagan said in a press release. “She was an integral part of our defense and will be missed on the ice, but we are glad that she is still a part of the Orange family.”She finishes her career with five goals and 14 assists, a point total good for 10th-best all time among Syracuse defenders. The Michigan native tallied 143 blocks in 103 career games, and leaves the program tied for the sixth-best plus/minus in team history (+21).Derrer had tallied seven blocks in her two games this year, earning one penalty. She leaves Stephanie Grossi, Megan Quinn, Alysha Burriss, and Abbey Miller as the only seniors on the team.AdvertisementThis is placeholder text Comments Published on December 1, 2017 at 4:59 pm Contact Eric: [email protected] | @esblack34 Facebook Twitter Google+last_img read more

QPR v Liverpool player ratings

first_imgSee also:Redknapp defiant after gut-wrenching lossQPR’s worry increase as duo are injuredHenry admits Rangers were ‘unprofessional’ Video: What do QPR fans think about Les Ferdinand’s return?Harry rapped over handling of Taarabt rowQPR duo Barton and Mutch remain sidelinedUnlucky QPR beaten after incredible finaleKranjcar illness adds to QPR’s worriesRedknapp ready to put his faith in VargasRangers confident Onuoha will face VillaFans have rejuvenated Zamora – RedknappTaarabt lambasted by furious QPR bossFollow West London Sport on TwitterFind us on Facebooklast_img read more

Chelsea v Stoke: Remy starts, three Blues changes, Stoke star plays

first_imgLoic Remy starts up front for Chelsea against Stoke as Diego Costa is short of fitness following a hamstring problem, while Cesar Azpilicueta and Oscar come in for Filipe Luis and Ramires. Jonathan Walters has been passed fit for the visitors despite nursing a calf problem. Chelsea: Courtois; Ivanovic, Cahill, Terry, Azpilicueta; Matic, Fabregas; Willian, Oscar, Hazard; Remy.Subs: Cech, Zouma, Filipe Luis, Ramires, Cuadrado, Drogba, Costa. Stoke: Begovic; Cameron, Shawcross, Wollscheid, Wilson; Ireland, Whelan, Nzonzi, Adam; Walters, Diouf.Subs: Butland, Bardsley, Pieters, Muniesa, Arnautovic, Sidwell, Crouch.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Sacred lake to be heritage site

first_imgThe enchanting Drakensberg Mountains are deemed to have a spiritual impact on visitors. (Image: Wikimedia) The sacred Lake Fundudzi captured from a distance. (Image: South African Tourism) One of the many waterfalls in the Hogsback  valley. (Image: Tusafiri)Khanyi Magubane The sacred Lake Fundudzi situated in the mountainous area of Tshiavha village, north of South Africa, will soon be declared a national heritage site.The Limpopo Department of Arts and Culture has confirmed that processes to declare the enigmatic freshwater lake are at an advanced stage.Spokesperson for the department says the South African Heritage Resource Agency (SAHRA) is yet to decide on an official date for the declaration.SAHRA is a statutory organisation established under the National Heritage Resources Act of 1999, as the national administrative body responsible for the protection of South Africa’s cultural heritage.The great powers of Lake Fundudzi have been kept a closely guarded secret by the Vhavenda people, who have preserved it for generations.The lake is often associated with myth and legends of the Vhavenda people and is believed to be protected by a python god, who has to be pacified annually with gifts of traditionally brewed beer.As the legend goes, a Venda man, with a broken heart after losing a great love, in his sorrow walked into Lake Fundudzi and turned into a python.Outsiders are not permitted to visit the lake. Currently, only those granted special permission by the Netshiava royal family, can visit the lake.In Venda culture, the python is the god of fertility and maidens still perform the famous Domba-python dance in the sacred lake to honour this god.The young women form a line in which they hold on to the elbows of the maiden in front of them, and using their joint arms, make snake-like movements next to the lake to honour the god.Other myths around the lake include a story of mysterious “zombies” which live near at the lake and play the traditional Venda music known as Tshikona.The lake is surrounded by the Thathe Vondo forest, deemed to be so mystical and filled with spirits that few Venda people venture into it for fear of alleged hauntings and a lightning bird called “Ndadzi”.It’s believed that on the rare occasion that a visit to the lake is granted, visitors must turn their backs on the lake and view the water from between their legs.This ritual is called “Fundudzi” after which the lake is named.Visitors travelling to the Limpopo are able to get a glimpse of the lake, from above, when travelling along the surrounding mountains.The naming of Lake Fundudzi as a heritage site comes at a time when South Africa is celebrating heritage month, with 24 September marked as a public holiday to celebrate Heritage Day.Sacred South AfricaThere are a number of sites in South Africa that are considered to be sacred.The fertility caves in the eastern Free State, for instance, have served as a spiritual gathering place of prayer for over 800 years to various tribes and religions in and around southern Africa.Hogsback in the Eastern Cape is also regarded as a place of spiritual upliftment. Situated in the Amatola Mountains, it’s surrounded by large tracts of indigenous forest, and waterfalls with names such as Madonna and Child, and the Bridal Veil Cataract, Swallowtail and Kettlespout.In the Limpopo province, the forest of the rain queen, Modjadi, is highly regarded as a place of deep spirituality.The Modjadji Reserve is the birthplace of the famous lineage of Rain Queens of the Lobedu tribe, who are said to have mystical powers that can influence the rainfall.Mist usually surrounds the Modjadi village, and the Modjadi Cycad Reserve is said to be one of the most unique plant kingdoms in Africa.The Ukhahlamba-Drakensberg Park is one of the official World Heritage sites in South Africa. Originally known as the “Dragon Mountains”, the site offers waterfalls, mountain peaks and rocks decorated with San rock art.Once home to the ancient shamans and medicine men; the Drakensberg is also known for pilgrimages taken to the area for those who want to meditate peacefully.The San and Bushman rock painting are also said to represent the ritual called, the Great Dance. In this dance, the dancer goes into a trance, through which the San say they can harness a form of spiritual power that is like electricity. They use this power for healing, hunting, and making rain.Safari with a purposeFor travellers looking for holidays with a deeper meaning, Spiritual Safaris, a Western Cape based tourism company now offers tourists with a unique travel package.According to the company, the trip is structured in way that gives the traveller an opportunity to have a deeper connection with nature than that which is usually offered by mainstream tourism packages.The five-day tour consists of a five-hour train journey from Cape Town to the Karoo. On the first night the tourists will partake in stargazing with a professional guide.On the second and third day, the tourists get the opportunity to explore the Swartberg mountains and enjoy a talk by palaeontologist, Dr Judy Maquire.In addition to studying fossils, Maquire has extensive experience in working with the Bushmen. She has closely studied their survival as well as their use of food plants.Early birds can also enjoy a 5:30am walk to the nearby show grounds to watch horses in training. After breakfast, the group is then taken to a hidden valley in the heart of the Swartberg mountain range, described as “Die Hel”.On the fourth day, the tour moves to the southern Cape area of Gamkaskloof valley. Here, tourists have the opportunity to meditate, listen to nature and take time for reflection.On the last day of the tour, visitors enjoy a laid back morning, before a trip on a private jet after lunch, where they are jetted back to Cape Town.Many travellers claim that the tour is spiritually rejuvenating. On its website, there are testimonials posted where happy customers share their experiences.One particular satisfied customer, Judyie Al-Bilali from the US, says this of the trip, “It was deeply relaxing and at the same time had a spiritual intensity and a magnificent opportunity to connect with the natural world.“I started dreaming intensely in the Karoo and the dreams have continued, bright, complex, colourful, clear. There is undoubtedly a rich Shamanic tradition connected to the land.”Do you have queries or comments about this article? Email Khanyi Magubane at [email protected] articlesHolidays that save the worldSA Safari Disney style The adventure starts here South Africa’s national parks World heritage in South Africa Useful linksSpiritual SafarisModjadji historySouth African Heritage Resources AgencyThe Drakensberglast_img read more

Infographic: South Africa’s human development by numbers

first_imgHuman development in South Africa is steadily rising, according to the United Nations Development Programme. In its 2015 Human Development Index (HDI), which ranks 188 countries, South Africa is improving in life expectancy at birth, average years of schooling and annual income per person. Presented here are some of the facts and figures from the index.For a more detailed look at the 2015 Human Development Index, read:Analysis: South Africa’s Performance in UNDP Human Development Report 2015last_img read more

Considering whether American Airlines Shuttle is special…or not

first_imgWhen an airline brands a route as a “shuttle”, a certain level of expectation kicks in. Frequent service, minimal time spent in the airport, and elevated onboard amenities are all expected. But as the amenities offered on board your everyday flight are elevated, does anything special remain about the shuttle flights?On a recent same day roundtrip with American Airlines Shuttle between New York LaGuardia and Boston Logan, very little stood out as elevated above the norm. As this was a same day turn, the reduced bag drop times didn’t matter, as it probably doesn’t for most business travelers. A dedicated check-in kiosk in 2019 isn’t a compelling perk, as many seasoned travelers check in and receive their boarding pass on their phone. While American does not offer a dedicated security lane for Shuttle passengers, TSA PreCheck supersedes that need for many, anyway.Another airport-based perk of the Shuttle could be boarding gates close to security and the curb. This would enable a dashing passenger to pass through security and get to the gate or out to a cab quickly, saving precious seconds. Unfortunately, American doesn’t actually seem to do this at LaGuardia or Boston.Both of my flights departed from and arrived at gates particularly far from the curb. In the case of LaGuardia, the gates were as far down the concourse as possible. Not that either of these airports are huge, but two minutes is two minutes. The American Shuttle website mentions “quick deplaning from the front or rear door”, but that didn’t happen at either end of my trip.I arrived at LaGuardia a bit early for my 8am flight, early enough to see the tail end of boarding for the 7am flight. Although there was space available, a change fee of $75 would be required to hop on board. The American and Delta shuttles don’t allow for free flight changes, further watering down the appeal of a shuttle.Boarding began a few moments after the arrival of the Embraer E190 from Boston. The E190 makes for the perfect shuttle route aircraft. A First Class cabin allows for upgrades and a sizable Main Cabin in a 2-2 economy configuration make for a comfortable ride. The E190 will be exiting American’s fleet soon, likely to be replaced with the equally comfortable but smaller E175.The E190 is perfect for shuttle operations in your writer’s opinion. Image: Jason RabinowitzThe weather was merciful that day, and both of my flights pushed back and departed without delay. Once in the air the flight attendants quickly sprang into action. One of the few tangible perks of the Shuttle is free snacks, beer and wine in the Main Cabin. I choose a cup of water on the outbound flight, while the snack was a run-of-the-mill Biscoff cookie offered on just about every other American flight. The flight was so quick that the flight attendant had to cheer me on by quietly chanting “chug chug chug” as she collected trash before landing.A quick snack for a quick flight. Image: Jason RabinowitzI enjoyed a solid Goose Island IPA on the return, along with the standard bag of pretzels common on daytime American flights. That beer turned out to be the only tangible perk of these two Shuttle flights.Image: Jason RabinowitzThe E190 features Gogo’s original air-to-ground (ATG) network and free streaming entertainment, though neither are particularly useful on this route. Flights on this route hardly spend any time above 10,000 feet, providing about 10-15 minutes of usable access.A fast connection in that it was over fast. Image: Jason RabinowitzOnce the system activated, “full flight” connectivity cost $10, which is a laughably bad deal, working out to nearly $1 per minute of usable airtime. My T-Mobile promotion for an hour of free access provided me with all the time I could get.Image: Jason RabinowitzWhen my meetings wrapped up early I decided to change to an earlier flight home. The American app isn’t the most robust out there, but this function is supported. I forked over the $75 to move from the 7pm to 5pm flight, but the app errored out while processing the change. The change was made on the backend, thankfully. With the Boston traffic Gods smiling, I made it to Logan in record time, and the gate agents for the 4pm flight allowed me to change once again since I had already paid the $75 fee.These two Shuttle flights felt like any other. The Shuttle term has become so watered down that I’m not sure if it even means anything anymore. Gone are the days of standby aircraft for full flights and a meal for all passengers. There are plenty of other routes with shuttle-like frequency as well, such as LaGuardia to Dallas. Both of my flights arrived early, and at the end of the day, that’s what matters most to me.Related Articles:Room for improvement in first class on Alaska Boeing 737-900Delta has good reason to be proud of Delta One SuitesWhy I always say yes to Spirit Airlines’ Big Front SeatAlaska versus JetBlue: A study in transcon PaxEx outside the Big ThreeDelta hits a home run with Airbus A220 passenger experienceRegional airlines up their game to meet customer expectationslast_img read more