This FTSE 250 growth share has risen over 300%. Should investors keep on buying? Stuart Blair has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. See all posts by Stuart Blair Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Stuart Blair | Thursday, 27th August, 2020 | More on: AO Image source: Getty Images. 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. Unlike many other UK shares, AO World (LSE: AO) has profited from the pandemic. As an online-only household appliances retailer, this growth has been driven by the increasing popularity of e-commerce, and the fact that people have been spending more time at home. Consequently, since the middle of March, its share price has risen over 300%. But with the reopening of shops around the country, and people starting to return to normality, will the growth share be able to continue this performance?A strong trading performanceFor the four months ending July, year-on-year revenue in the UK was up nearly 60% to £400m. In addition, German revenues rose 91.5% to £67m. This was particularly encouraging as the firm has often struggled within Europe.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…The other promising sign for the share was that revenues surged in both the months during lockdown and following the easing of lockdown restrictions. This proves that the revenue increase was not just a short-term boom when other shops were closed. The company said that it indicated a “structural shift in demand” that AO World should continue to profit from.Problems with the growth shareDespite evidence of significant growth over the last few months, AO World still does have a few problems. The main problem for shares over the past few years has been its failure to make a profit. For example, in the financial year ending March 2020, the group made an operating loss of £3.8m. Although this was an improvement on the £13m loss made the year before, a consistent failure to make profits is always a worrying sign. Shareholders will therefore hope the company can generate a profit this year.There is also the worry that this sales boom has been a one-off. Consequently, with people starting to return to work, and with significant competition from other retailers, revenues may start to fall near the end of the year. A potential lack of growth is therefore a significant problem for any growth share.These problems may have influenced some recent insider selling by both the CFO and one of the directors. Although insiders can sell for a number of reasons, it is nonetheless a bearish signal. Nevertheless, I’d pay more attention to the CEO’s decision to buy £1.5m worth of shares a few weeks ago, a clear vote of confidence for further growth.Would I buy AO World shares?With the evident popularity of online shopping, AO World shares look set to profit in the long term. As a result, I believe that there is upside potential, despite the shares already being valued highly. Even so, I’m personally not buying any of the shares right now. Why? For a company that has been unable to make a profit these past few years, its share price does look high. I’d therefore want to see some evidence of sustained profits before buying this growth share. 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. Enter Your Email Address Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. 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Lifestyle offers keep workforce happyOn 1 Feb 2002 in Personnel Today Africa seems largely untouched by the current economic slump, at least asfar as recruitment and retention go. Some companies provide benefits such asstaff hospitals and schools for the children of employees, reports Alan HoskingThe global economic slowdown has not affected staff recruitment or retentionin Tanzania – at least not as far as John Aclan, managing director of De Beersdiamond mine in Tanzania, is concerned: “When I advertise for staff I getkilled in the rush,” is how he bluntly puts it. When recruiting local nationals in Africa, the law of supply and demandallows employers to be highly selective. There are simply more people thanjobs. When Aclan assumed responsibility for the mine, he had to reduce itsstaff from around 1,400 to just fewer than 500 to ensure the operation’s costeffectiveness. Such actions put the balance of power in the employer’s hands, which meanslocal nationals can be recruited quite cheaply. But ‘cheap’ is a relative term.Because of inherited employment practices that are rooted in paternalism, Aclanprovides a full range of benefits to local employees which include a school fortheir children and a fully functioning hospital for staff and their families. The lack of good healthcare and other infrastructures in Africa has led mostlarge multinational employers to provide such facilities for their staff. Thecoin has two sides: one involves social responsibility and good corporatecitizenship, and the other is a business imperative to ensure a workforce’shealth and well-being, enabling the company to meet its production targets. A substantial skills gap typically exists between local and expatriateemployees, therefore recruitment and retention practices differ for the twogroups. Expats in Africa are attracted not only by financial rewards but alsoby lifestyle factors, enhanced for most with a ‘six weeks on, two weeks off’clause in their contracts. South Africans are particularly keen to work elsewhere in Africa as they canearn US dollars and adjust to life fairly easily in an African country for atwo-year contract. Locals, on the other hand, are attracted simply by theopportunity to earn a living. Locals fall into one of three categories: Unskilled (the majority); thosewho have a few basic skills acquired from local job experience; and those whohave been fortunate enough to have been educated elsewhere, such as in the UK,US or South Africa, and who have also gained working experience in a developedcountry. Highly skilled locals are attractive to employers because of their expertiseand knowledge of local customs, cultures and languages, and are therefore morelikely to have greater job mobility. Unskilled and semi-skilled locals dependheavily on their employers, and are less likely to have job mobility. In Africa’s more remote locations, employers provide considerableinfrastructure, such as schools and hospitals for their employees, so theconcept of ‘one job for life’ is not too unrealistic – at least for locals. When Aclan first took over the De Beers mine he also found himselfresponsible for running much of the town in which his employees lived. He tooksteps to privatise shops, for instance, and other measures to encourageentrepreneurial activity. Statistics from a 2001 economic survey in Kenya indicate that the domesticeconomy’s poor performance in 2000 adversely affected employment creation inall sectors. In such an environment, HR directors are not under pressure tofocus on retention strategies. Locals in Kenya face further grim prospects in the wake of the globaleconomic situation, restructuring initiatives in both the private and publicsector as well as businesses downsizing or even closing. As a result, localworkers will take what little work there is. Thousands of university graduateswith what are referred to as ‘baroque degree certificates’ who cannot beabsorbed into the severely constrained job market are also roaming the streetsin search of any kind of work. These ‘baroque’ qualifications are often awardedin obscure and out-of-date fields, and are effectively useless in today’sbusiness world. A much-discussed trend in the Middle East involves the targeting of certainnationalities to fill specific job categories. In a region where there is stilla strong demand for suitably qualified IT professionals, recruiting andretaining them appears to be a science of its own because of the complex andheterogeneous information contained in systems being built. The IT recruitmentindustry apparently refers to such hard-to-find people as ‘purple squirrels’. The trend to recruit from specific nationalities is based on severalfactors: – because different countries use particular software which makes it easierfor nationals from that country to operate a company’s systems – for communication reasons – where specific language skills such as Frenchor Arabic are required – for financial reasons – in that people from the west are inclined to bemore expensive than their counterparts from the east – because the company may already be employing a large number of nationalsfrom a particular country who may resent nationals from another country beingtaken on. With regard to retention in the Middle East, the main reason given by ITprofessionals for remaining with a company was the opportunity to take part in‘interesting, challenging and experience-gaining projects that have concretegoals’. Pay depends a lot on a company’s size. Two people from different companieswho have the same responsibilities could easily have very different packages ifone is employed in a government or multinational organisation and the other ina small- or medium-sized business. According to Arnett and Associates, the ‘menu’ approach to expatremuneration packages that can include a long list of allowances and benefits,even to the point of compensating an expat for money lost in the sale of thefamily car, is changing. Pressure to reduce costs has resulted in expatriates being allocated a sumof money that can be used in whatever way the expat feels appropriate. This hasshifted the contracts away from the ‘don’t worry, we’ll take care ofeverything’ approach to ‘you’re going to have to play your part in making thisa success’. Further legal informationwww.tmaonline.netwww.redesign.pwcglobal.com/za/eng/about/ind/geswww.mideast.jobpilot.com Related posts:No related photos. Previous Article Next Article Comments are closed.
Olympians prime themselves for glory, practicing and conditioning for years leading up to their shot for a medal. While athletes that seize gold and silver are revered as champions, those who massively wipeout are perhaps just as memorable. From ice to snow, here are some of the best Winter Olympic wipeouts from over the years.Eight-time American medalist Apolo Ohno will be forever remembered as an Olympic great. Watch as he literally “takes out” the competition at the 2002 games in Salt Lake.Hermann Maier’s crash at the 1998 Nagano games is legendary for his massive body-contorting tumble. What’s even more legendary are the two gold medals he won just days after this run. Check it out.Last but certainly no less painful is this compilation of Winter Olympic crashes, falls, and wipeouts. They say pain is totally mental but we’re not so sure after watching this.
Published on February 29, 2012 at 12:00 pm Contact Jacob: [email protected] Comments With two laps remaining in the 5,000-meter run at the Big East Indoor Track and Field Championships, Martin Hehir slipped ahead of his pack of teammates, with Jace Lowry following close behind. The freshmen runners vied for position until Lowry darted ahead of Hehir, who tailed closely behind but failed to catch up on the final lap. The pair finished four-tenths of a second apart, good enough for third and fourth place in the Big East.‘He went right by me. I was feeling pretty horrible,’ Hehir said. ‘Then I just stuck right on him, but he still got me.’The success in the Big East came as a surprise to the newcomers, but they’ll attempt to carry that momentum into the outdoor season. Before that starts, though, both Hehir and Lowry will likely wrap up their indoor seasons with a mile run at the Columbia Last Chance meet in New York City on Saturday. While the meet gives them a final opportunity to qualify for the NCAA Indoor Championships, Hehir and Lowry both said their times are well off the automatic NCAA qualifying mark. But whatever the outcome, the indoor season saw both runners improve considerably in their first collegiate season after early struggles and setbacks.At the beginning of the season, Hehir couldn’t keep up with workouts. Lowry wasn’t running due to an injury. As the year progressed, they fought their way back to competition and started their rebound season. Hehir and Lowry, who are roommates, used each other and the tight-knit group of freshmen runners to motivate themselves to turn difficulties into success.AdvertisementThis is placeholder text‘(Being roommates) has worked out great,’ Hehir said. ‘We just ended up making each other want to work harder and go faster.’Head coach Chris Fox said he wasn’t surprised by their performance in the Big East championships because of their recent progress. Lowry won the U.S. Cross Country Junior Championships three weeks ago. Hehir ran a 3,000-meter time before the Big East championships that was among the top freshmen distance runners in the country. Those two performances alone show the turnaround Hehir and Lowry have made, contributing to Fox’s optimism heading into the indoor championships.‘I’ve seen them develop faster than any freshmen we’ve had here,’ Fox said.Fox said the dynamic between Hehir and Lowry has pushed them to improve. They train hard together, and each one motivates the other with competition. But they also help each other when the time comes. Fox said that relationship is important to the success of a team.‘They’re pretty competitive with each other, but they help each other out,’ Fox said. ‘That’s exactly what you need to have a great team.’As the indoor season winds down and the outdoor season begins, Hehir and Lowry both hope to improve even more. The pair will continue to rely on each other for an extra push in competition. The prospect of beating a friend will continue to serve as a motivator for both of them.Said Lowry: ‘In every race, I want to beat him, and he wants to beat me.’[email protected] Facebook Twitter Google+
WASHINGTON, D.C. – According to the International Monetary Fund (IMF) Chief Kristalina Georgieva the world has now entered a global recession due to the coronavirus, COVID-19.At a press conference, Georgieva gave an update on the global economic impacts and the virus and what the IMF will do to help.“It is clear that we have now entered a recession as bad or worse than in 2009”, she stated. “We do project recovery in 2021. In fact, there may be a sizeable rebound but only if we succeed in containing the virus everywhere and prevent liquidity problems from becoming a solvency issue.”Travel restrictions have been imposed worldwide, while businesses, shops and schools have closed down as part of efforts to stop the spread of the contagious virus. While governments around the world are doing what they can to keep their economies afloat, others have requested help from the IMF.More than 80 countries have already have requested emergency aid, Georgieva revealed. “Normally, we never have more than a handful of requests at the same time,” she added.However, Georgieva said she’s heartened to see global leaders finally realising only a coordinated effort will help stop the spread of the killer virus.“We have stated that the world is now in recession and that the length and depth of this recession depends on two things: Containing the virus and having an effective, coordinated response to the crisis,” she told CNBC.“I’m very encouraged by what I see now. I see much clearer understanding (among global leaders) that if we don’t beat it everywhere we won’t be able to get out of it,” she added.“We’ve never seen the world economy standing still. Now we (do). How we go about revitalising it is another important topic.” But she warned against stepping away from containment efforts too soon, adding, “There is no way to come to a strong recovery without strong containment.”
GIVING SUPPORT—Judge Dwayne Woodruff with wife Joy. The luncheon, which was re-established in 2008 at the behest of Assistant to the Publisher Stephan Broadus, honored inner-city high school athletes and their coaches for outstanding performances in football and basketball. Courier Managing Editor, Ulish Carter, Advertising Manager Eric Gaines, and Editor and Publisher, Rod Doss, joined Broadus to hand out trophies and medals; Gaines also gave the invocation.The event was organized by Save the Date Creative Services, which does all of the Courier’s events, and the trophies were provided by H.J. Heinz Co.“These kids are important in the city schools and it’s up to us to recognize their achievements,” said Broadus, “so I think it’s the most important event that we do.”“There’s been no coverage given to the city teams. The Courier, I think, is still the only [newspaper] that provides week to week coverage of all these high school athletes and their accomplishments. So we thought it was time to…celebrate them, bring them out and showcase them with awards and give them their moment in the sun,” asserted Doss. “Competition is good, it’s healthy…life is competitive. So as a consequence, the training that they get, the exposure, and the teaching they get from their coaches helps them [develop] a competitive spirit that helps them succeed in life…very important.”Delayed by half an hour because of the Pittsburgh Marathon, the luncheon was emceed by Pittsburgh native and lifetime sports enthusiast, Brian Cook, producer and national sports reporter for the American Urban Radio Networks.“I love to reach back to the youth of Pittsburgh. So, it’s just my way of giving back to the community, being emcee for…young athletes,” said Cook, who broadcasts from Pittsburgh.Student nominees were selected by their coaches and all nominees—including Coach of the Year—were voted on by the coaches, the reporter who covered the beat, and the photographer who covered the beat, explained Carter. Once all the votes were in, he tabulated them and compiled the lists of first and second teams, offense and defense; the All-City special team; MVP, offense and defense; and Coach of the Year for football; and lists of first, second and third teams; honorable mentions; MVP’s; and coaches of the year, for boys and girls basketball.“We deal with academics all the time, but athletes need to be recognized as well,” said Carter. “Some people look down on athletics but name me a school that doesn’t benefit from having an athletic program. And (participating in athletics) helps you be a better leader because you learn to work as part of a team instead of as an individual. And it helps you to relate to other people,” added the former sports reporter.Guest speaker, Allegheny County Court of Common Pleas Judge and retired Steelers great, Dwayne Woodruff, gave an inspirational speech about optimism, character and perseverance, among other things, drawing on his experiences as a Steeler and student at Duquesne University where he earned his Juris Doctorate degree. “Hard work, commitment, loyalty to each other…those are the things that make up championship teams; those are the things that make up championship partnerships,” said Woodruff in his speech.Later in his speech, he offered this advice, “Don’t let anybody tell you you cannot achieve something that’s worthwhile. Any goal that you have that’s worthwhile, you can achieve it. Just because no one has done it, just because they don’t think you’re smart enough, just because they don’t think you’re good enough…you can still do it. Don’t let anybody tell you you can’t succeed.”After Woodruff’s speech, it was time to start handing out the awards. The 2009 All-City coaches of the year were Jason Bell of Schenley High School for football, Andre McDonald of Allderdice High School for boys basketball, and Ed Allison of Perry High School for girls basketball. The season’s most valuable players were Andre Irish of Schenley High School, defensive MVP and Manasseh Garner of Brashear High School—not in attendance—offensive MVP for football. Ishmael Swain of Allderdice High School and Dashawna Carey of Perry High School were MVP’s for boys and girls basketball, respectively.Bell not only felt honored to receive his award, but he was proud of those players who were honored that afternoon, too. “They deserve it. They’ve worked hard all year round,” he said. Except for DeAndre Black, all are seniors and all will attend college, some on full scholarships. “There’s a lot of kids that are getting a chance to get outside of the city…and become good citizens for Pittsburgh.”Irish, who will attend Saint Francis University, though undecided about his major, felt especially honored. “It’s big, you know, to be the first [defensive] tackle to win this award; it’s big because it’s hard for us d-tackles to win this award…but it feels great and I’m going to keep it up in my future.”Ed Allison was very proud of himself and of his players. “It’s very exciting; I’m very excited [this] being my first time [receiving this award as a head coach]. I had a great team around me that worked hard and we peaked at the right time of the year.” Except for Marritta Gillcrease, all of Allison’s honored players are college bound seniors. One of them is the girls basketball MVP.“It felt good,” said Carey about being selected as MVP. “I worked hard, and I have my team and my coach to thank.” Though undecided about what school she wants to attend, she’s certain about wanting to major in business management.“It feels great,” said Swain, who will attend Miami Dade University as a nursing major. “I’m very proud of myself!”Westinghouse High School basketball coach, Kenneth Roebuck, attended to show his support for all Westinghouse honorees but, particularly for players Fleming Davis and Deaundre Epperson, who won awards for first team and third team, respectively, and two players who were honorable mentioned in boys’ basketball.“Sports are very good for our society today because it keeps [students] out of trouble, but also because it teaches them that you’re going to win some, but you’re also going to lose some,” said Roebuck.“It’s a beautiful thing,” said Anthony Cosby, whose son, Darrell, won an award for second team, offense in football and an honorable mention for men’s basketball. “They put all the hard work in it and then at the end when it’s over, they get recognized for it, which gives them the incentive to do more…so this is a nice thing they have.” The younger Cosby, who also plays baseball and soccer, will be attending Cheney University.Allison Pryor, whose son, David, won an award for second team, offense in football, said she was very excited for and proud of her son, who’s been playing sports since third grade. “I think it is [important to recognize student athletes] just to give them some kind of inspiration, to make them feel like they’re accomplishing something.You know, give them some excitement in life,” she smiled. On a soggy Sunday afternoon in May, Pittsburgh residents gathered at the Westin Convention Center Hotel Downtown to attend the third annual New Pittsburgh Courier All-City Awards Luncheon, honoring the best players and coaches in football and basketball.