2 important lessons I’ve learned after buying into the crashing Cineworld share price

first_img2 important lessons I’ve learned after buying into the crashing Cineworld share price Enter Your Email Address Image source: Getty Images. 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. Royston Wild | Wednesday, 19th August, 2020 | More on: CINE 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. Click here to claim your free copy of this special investing report now! Royston Wild owns shares of Cineworld Group. 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.center_img Our 6 ‘Best Buys Now’ Shares See all posts by Royston Wild Simply click below to discover how you can take advantage of this. 5 Stocks For Trying To Build Wealth After 50 It’s no exaggeration to say that Cineworld Group (LSE: CINE) has been a nightmare buy for me. This UK share’s lost a whopping 85% of its value since I bought in almost two years ago. The Cineworld share price could have further to fall if a second Covid-19 waves crushes the FTSE 250 firm’s plans to reopen its cinema network, too.It’s no use punching the wall when your shares collapse in value. Extreme volatility is part and parcel of stock investing. What is important is to learn why your share buys didn’t work out so as to help you avoid making similar mistakes. Here are some nuggets of wisdom that I’ve taken from the crashing Cineworld share price: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…Beware of debt-laden balance sheetsCineworld had a lot of debt on its balance sheet when I bought the shares in October 2018. The acquisition of US cinema chain Regal Entertainment to create the world’s second-largest screen operator saw its net debt pile balloon to around $3.7bn.Despite this, I was confident that the company’s management team would have a firm grip on the problem. I was also excited about its expansion into the world’s biggest cinema market in North America. The Cineworld share price traded on a forward price-to-earnings (P/E) ratio of around 14 times at that time, too, suggesting that the debt problem was reflected by that undemanding multiple.The closure of its cinemas due to Covid-19 wasn’t something that I could have predicted when I bought in two autumns ago. But it’s a development that’s left management’s debt-cutting plans in tatters and made me think twice before buying shares with big debts again.Diversification offsets the sinking Cineworld share priceCineworld warned back in March that it could struggle to continue as “a going concern” because of its high debt pile. It’s reopening its cinemas again, but as Covid-19 infection rates spike across its major territories, the business isn’t out of the woods yet. The Cineworld share price could still theoretically go to zero.The FTSE 250 firm’s travails illustrate perfectly the importance of creating a diversified stocks portfolio. Sure, the Cineworld share price has dropped by almost nine-tenths since I bought in. But this particular stock is just one of more than a dozen in my Stocks & Shares ISA. And my shares cover a broad range of industries so as to protect me from sector-specific problems like the mass theatre closures that have damaged Cineworld. This is why I haven’t lost any sleep over the chain’s sinking share price.Is now the time to buy?Cineworld, as I say has been a disaster for me. But could it be an attractive contrarian buy for investors right now? It remains laden with problems as, even if a new wave of Covid-19 doesn’t cause it to reclose its cinemas, social distancing rules will damage its ability to fill its theatres to the rafters.On the other hand, though, right now the Cineworld share price trades on a rock-bottom P/E ratio of just 3 times. If it can overcome its current problems then it will be in the box seat to ride the booming global box office and possibly deliver exceptional shareholder returns. At current prices it could well be worth a speculative buy. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away.last_img read more

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Central Florida Foundation launches website to contribute to Hurricane Irma relief

first_img Hurricane Save my name, email, and website in this browser for the next time I comment. DONATE NOW Please enter your comment! Hurricane Irma relief and how to helpAs our community awaits Hurricane Irma, Central Florida Foundation has activated the Hurricane Irma Relief Fund. The fund will support longer term recovery and rebuilding efforts in Central Florida as we uncover the true effects of the storm in the days ahead.If you would like to support the Fund, you may contribute directly to the Hurricane Irma Relief Fund at Central Florida Foundation. If you are an existing Central Florida Foundation fund holder and would like to make a contribution from your fund, login and submit a grant recommendation from your fund.We also encourage contributions to the American Red Cross, the Salvation Army for the immediate shelter and emergency relief needs, and The United Way.Other community foundations in our state have also opened funds to support their local areas: Southwest Florida,  Tampa Bay, Sarasota, Miami, Broward, Gulf Coast, Collier County and Palm Beach.Stay safe. We will be back in touch as more updates unfold. LOGIN TO MYFUND Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 TAGSCentral Florida FoundationHurricane Irma Previous articleFEMA launches Hurricane Irma “rumor” websiteNext articleOrange County Emergency Management: Stay vigilant and informed Denise Connell RELATED ARTICLESMORE FROM AUTHORcenter_img Support conservation and fish with NEW Florida specialty license plate The Anatomy of Fear Please enter your name here LEAVE A REPLY Cancel reply Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address herelast_img read more

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House S / Keiji Ashizawa Design

first_img House S / Keiji Ashizawa Design “COPY” Houses Japan “COPY” House S / Keiji Ashizawa DesignSave this projectSaveHouse S / Keiji Ashizawa Design Save this picture!+ 26 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/199573/house-s-keiji-ashizawa-design Clipboardcenter_img ArchDaily CopyHouses•Japan CopyAbout this officeKeiji Ashizawa DesignOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesJapanPublished on January 16, 2012Cite: “House S / Keiji Ashizawa Design” 16 Jan 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – Metropol ClassicVinyl Walls3MVinyl Finish – DI-NOC™ StonePartitionsSkyfoldVertically Folding Operable Walls – Zenith® SeriesPanels / Prefabricated AssembliesProdemaProdEx Wood Facade in the Aspen Art MuseumSealantsSikaRenovation of Zeitz MuseumSinksBradley Corporation USAVerge Coordinated Soap Dispenser and Faucet SetsWoodLunawoodThermo Timber and Industrial ThermowoodAcousticFabriTRAK®FabriFELT™ for Walls and CeilingsGlassDip-TechDigital Ceramic Etch PrintingWindowspanoramah!®ah! Ultra MinimalistEngineered Wood FlooringAustralian Sustainable Hardwoods (ASH)Australian Oak Engineered FlooringLouvers / ShuttersConstruction SpecialtiesSunshades – Airfoil LuxMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Architects: Keiji Ashizawa DesignText description provided by the architects. House S is located in a quiet residential area in a center of Tokyo. The site is of the house is a cul-de-sac, removed from the main thoroughfares, and was once a samurai residence, so their are old pine and zelkova trees in the area. Save this picture!Such surroundings, even in the midst of the city, significantly impacted the design. The house includes many gardens on each floor of the house, to bring the surrounding landscape into the house. In the end, the house will be part of this larger landscape, and in the meantime the green surroundings will help with privacy. Save this picture!The clients wanted to insure that they could enjoy this larger landscape, as well as the art and furnishings that they have collected. We extensively discussed both their life style and a setting for these furnishings – and how to mold materials, light, air and space to fit this broader goal. Save this picture!All materials, lighting and space are in constructed within the house to work with art and furniture, as well as function. Details and colors are considered for these things. They should be silent, but should have an identity. Save this picture!Most of the design details were developed specifically for this house, with this overall purpose in mind, down to handles, steps and windows. Save this picture!The structure is complex, but we tried not to make this visible. The space was considered first in terms of the light from the outside, the flow of air, and the planning of art. Enjoyable to see or feel each in the space, and on each level, showing four clear seasons with different light and feelings.Save this picture!Project gallerySee allShow lessEuropan 11 Proposal: ‘Dornröschen’ / NAPArticlesTEDx Danubia: Children of the Industrial Revolution / Rachel ArmstrongArticles Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/199573/house-s-keiji-ashizawa-design Clipboard Projectslast_img read more

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Venezuela declares emergency: Support Bolivarian Revolution

first_imgFrom the Ayacucho Hall of Miraflores Palace, Venezuela’s President Nicolás Maduro held a news conference on May 17 to report on the emergency situation and the dangers facing this South American country.It’s the first time the Venezuelan government has made a call like this on a truly international level. Venezuelan embassy staff and consulates around the world in all time zones were at the conference, along with solidarity activists in different countries, connected by satellite, internet and various social media platforms such as Skype, Twitter and Instagram. Through these platforms, they sent pictures and asked questions of the president.During the three-hour conference, Maduro explained and discussed in detail the urgent situation: “Venezuela is currently the target of systematic political, media and diplomatic aggression that goes beyond the boundaries of what we have experienced in 17 years of the Bolivarian Revolution.” Maduro called for “worldwide solidarity of leaders, social movements, presidents, prime ministers of governments around the world. Peace in this America is at stake in Venezuela, along with the future of our own independence in the 21st century.” (avn.info.ve, May 18)International media campaignThe corporate media, especially in the U.S. and Spain, have been leading a campaign of demonization of Maduro, whom they accuse of tyranny and of causing chaos in the country’s economy that will lead to extreme violence.In the U.S., it’s enough to look at the latest headlines of the most influential newspapers closest to the political, military and economic sectors — the New York Times, the Washington Post and the Wall Street Journal, respectively. These newspapers serve as spokespeople for the right-wing opposition in Venezuela, especially for the National Assembly, now dominated by the MUD (Table of Democratic Unity).Although divided among themselves, the right wing are all rushing to overthrow Maduro this year and impose a neoliberal program in Venezuela, thereby destroying the achievements of the Bolivarian process. One example illustrates this: When the National Assembly stated that health was a national emergency — of course, with the goal of privatizing health services — the Times published an alarming article, “Dying Infants and No Medicine: Inside Venezuela’s Failing Hospitals.” (May 15)Imperialist aggressionBut it’s not only the media that are committing aggression. U.S. government officials have attacked Venezuela, highlighted by President Barack Obama’s renewal, for another year, of the executive order imposed March 2015 that declares Venezuela “a danger to U.S. national security.” This is a very serious and dangerous statement, and not only in diplomatic terms.Washington has intervened, accusing Venezuela of violating human rights by imprisoning Leopoldo López, who it falsely characterizes as part of a peaceful political opposition. In doing so, it ignores López’s complicity in the death of dozens of Venezuelans and gives a big boost to rightist actions seeking destabilization of Venezuela by violent means.To fulfill his role serving U.S. interests, Secretary General of the Organization of American States Luis Almagro announced on May 13 from Miami that the OAS should apply its Democratic Charter against Venezuela. For the OAS to arrive at a decision, Almagro requested that the National Assembly of Venezuela report on the political situation. Almagro made the announcement at the two-day conference called the “Concordia Summit,” at which 200 rightist representatives of public and private sectors gathered to analyze the situation on the continent.It’s enough to see the names of the participants to guess its agenda: Luis Alberto Moreno, president of the Inter-American Development Bank, and  former presidents and prime ministers, including Luis Alberto Lacalle of Uruguay, Sebastián Piñera of Chile, Jorge Quiroga of Bolivia, Alvaro Uribe of Colombia and José María Aznar of Spain.Incidentally, it was at this summit where Uribe called for foreign military intervention to help the Venezuelan opposition.Venezuelan realityImperialism always takes advantage of its target’s difficult situations to extend and exacerbate differences and problems in order to cause a conflagration that aids its goal of exploitation.In Venezuela, there is indeed a dire economic situation, mainly the result of the fall in oil prices, along with a persistent drought that has caused a lack of drinking water and power outages due to the decline in the water level of dams. Also at play are the consequences of the attack by rightist oligarch importers and manufacturers who monopolize commodities and create shortages in food markets.All these things, along with capital flight and resale of products in the illegal market, has caused shortages, especially of basic products subsidized by the government. They are sold illegally at higher prices across the border in Colombia, which creates a major crisis due to the lack of basic necessities.Government measuresCombined with the shortages and taking advantage of the population’s difficulties, the National Assembly is instigating violent demonstrations in the streets to advance its agenda of holding a recall referendum against Maduro before January 2017. It is rushing because if Maduro is removed this year, the president of the National Assembly, Henry Ramos Allup of the right opposition, would succeed him.But if the period specified in the constitution lapses, a lengthy process is needed for collecting signatures and validation, etc. According to experts, this could not occur before the third week of January 2017. (Telesur, May 16) If it is delayed until 2017, Maduro’s vice president, Diosdado Cabello, a staunch defender of the Bolivarian Revolution, would succeed him.To defend the Bolivarian process and its achievements, the government of President Maduro has declared a state of emergency for 60 days and a mobilization for two days of the Bolivarian Armed Forces, along with the people’s militias, to practice defense exercises around the country.There are several reasons for these measures. Among them are the dangers of violent protests by right-wing groups that attack the National Guard and state buildings; the declaration of rightist Henrique Capriles, who told the BBC that “a military uprising is in the air” and called upon military forces to oppose Maduro. In addition, there was “the incursion into Venezuelan airspace of an American spy aircraft on May 11. This regards a 707 Boeing E-3 Sentry, equipped with cameras, high precision radar and high-tech devices for electronic espionage.” (Avn.info.ve, May 18)The progressive movement in the U.S. and worldwide must step up its solidarity efforts in defense of the Bolivarian Revolution and to demand no U.S. military or other intervention in Venezuela!Translated from Spanish by WW managing editor John Catalinotto.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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The Skiff: Sept. 5, 2019

first_imgLinkedin Welcome TCU Class of 2025 Facebook Twitter The Skiff ReddIt The Skiff by TCU360TCU Box 298050Fort Worth, TX [email protected] The Skiffhttps://www.tcu360.com/author/the-skiff/ The Skiff: Digital IssuesThe Skiff: Sept. 5, 2019By The Skiff – September 18, 2019 1005 Facebook Previous articleThe Skiff: Aug. 29, 2019Next articleThe Skiff: Sept. 12, 2019 The Skiff The Skiffhttps://www.tcu360.com/author/the-skiff/ The Skiffhttps://www.tcu360.com/author/the-skiff/ + posts center_img The Skiff: Nov. 14, 2019 The Skiff: Nov. 21, 2019 The Skiff: Nov. 7, 2019 printFailed to fetch Error: URL to the PDF file must be on exactly the same domain as the current web page. Click here for more infoVolume 118, Issue 2: a Look Into a Superfan Also: quarterback race, construction at the Carter ReddIt The Skiff: Dec. 5, 2019 Linkedin The Skiffhttps://www.tcu360.com/author/the-skiff/ RELATED ARTICLESMORE FROM AUTHOR Twitter A fox’s tail: the story of TCU’s campus foxes Life in Fort Worthlast_img read more

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Two opposition papers harshly punished for exposing electoral fraud

first_img News Reporters Without Borders today condemned police for searching the premises of the opposition weekly Pravo. Ekonomika. Politika. Kultura (formerly Respublika) after it printed a letter signed by the head of the country’s elections board saying the 4 December presidential election had been partly fraudulent. Special police searched the offices on 15 December. The opposition weekly Juma-Times meanwhile faced judicial liquidation after a 20 December court decision in Almaty.“We strongly deplore arbitrary action against opposition papers that have reported such cases of electoral fraud,” the press freedom body said. “The authorities are clearly trying to get rid of troublesome media outlets by using tough and hasty measures.”Officials seized copies of the most recent issue of Juma-Times on 21 December after the Almaty economic court banned the issue. The paper is being prosecuted for “damaging the reputation and dignity” of President Nursultan Nazarbayev in two articles that were due to appear on 8 December, one referring to “Kazakhgate,” a corruption scandal involving a US oil adviser and the president, and the other accusing the government of rigging the elections. KazakhstanEurope – Central Asia Help by sharing this information News KazakhstanEurope – Central Asia Follow the news on Kazakhstan January 15, 2021 Find out more Organisation Reporters prevented from covering Kazakh parliamentary elections October 30, 2020 Find out more to go further Receive email alerts The state prosecutor is suing Juma-Times for libelling Nazarbayev and the verdict is due on 5 January, until which time the paper cannot appear.The offices of Pravo. Ekonomika. Politika. Kultura were searched after a complaint was filed by elections board chief Onalsyn Zhumabekov. All the paper’s computers were examined and data and hard-drives seized. The editor and the paper’s legal adviser were questioned for several hours. The Organisation for Security and Cooperation in Europe (OSCE) reported irregularities in the election the day after Nazarbayev was declared reelected with 91% of the vote. Its observers said ballot boxes had been stuffed and opposition supporters threatened. February 5, 2021 Find out more News Regional newspaper editor harassed after investigating real estate scandal News RSF_en Kazakh reporter accuses police of attacking her December 26, 2005 – Updated on January 20, 2016 Two opposition papers harshly punished for exposing electoral fraudlast_img read more

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Pakistani news channel censored while interviewing former president

first_img January 28, 2021 Find out more News April 21, 2021 Find out more Help by sharing this information Geo News was previously the target of an intimidation campaign in 2014, after the same journalist, Hamid Mir, accused Inter-Services Intelligence (ISI), Pakistan’s leading intelligence agency, of being behind an attempt to kill him. Pakistan is ranked 142nd out of 180 countries in RSF’s 2019 World Press Freedom Index, three places lower than in 2018. PakistanAsia – Pacific Media independence PredatorsEconomic pressure RSF_en “This utterly arbitrary interruption of programming bears the hallmarks of the military establishment, which is always quick to censor content it would probably dislike,” said Daniel Bastard, the head of RSF’s Asia-Pacific desk. “The suddenness with which this programme was taken off the air is an insult to all Pakistani citizens who have a right to a free press under article 19 of the 1973 constitution.” Intimidation July 2, 2019 – Updated on July 31, 2019 Pakistani news channel censored while interviewing former president Hamid Mir, Geo TV journalist and member of the jury, speaks during the Guillermo Cano World Press Freedom Prize ceremony in Addis Ababa, on May 2, 2019. “It’s easy to understand who stopped [the interview],” he tweeted after his program was suddenly blacked-out on July 1st (photo: Eduardo Soteras / AFP). Pakistani supreme court acquits main suspect in Daniel Pearl murder Follow the news on Pakistan News Just over a year ago, transmission of Geo News and all of the four other channels owned by Geo TV was suspended for several days throughout at least 80% of the country in an apparent reprisal for its overly independent news coverage. No official suspension order ever emerged but the military were widely blamed because they control the network distribution cables in every district. Receive email alerts PakistanAsia – Pacific Media independence PredatorsEconomic pressure Screens suddenly went blank shortly after political reporter Hamid Mir began interviewing former President Asif Ali Zardari. “It’s easy to understand who stopped [the interview],” Mir tweeted shortly afterwards. “Those who stopped it have no courage to accept publicly that they stopped it.” Pakistani TV anchor censored after denouncing violence against journalists Organisation to go further Pakistani journalist critical of the military wounded by gunfire News News Reporters Without Borders (RSF) is appalled to learn that TV screens went blank last night during a current affairs programme on Pakistan’s Geo News TV channel, in what was clearly the result of censorship by the military establishment. RSF condemns the use of such methods in the strongest possible terms. June 2, 2021 Find out morelast_img read more

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Flintridge Center Raising Funds to Provide Backpacks to Youth In Need

first_imgcenter column 1 Flintridge Center Raising Funds to Provide Backpacks to Youth In Need From STAFF REPORTS Published on Wednesday, April 19, 2017 | 11:25 am 11 recommended0 commentsShareShareTweetSharePin it Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * Community News More Cool Stuff Subscribe Make a commentcenter_img First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena HerbeautyHere Are Indian Women’s Best Formulas For Eternal BeautyHerbeautyHerbeautyHerbeautyUnapologetic Celebs Women AdoreHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeauty Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 60% of students in Pasadena public schools experience poverty. Many lack a nurturing support system, which leaves them vulnerable to gang involvement and entanglement in the juvenile justice system. For youth affected by poverty and community violence, it can seem impossible to stay in school and make healthy choices. That’s why Flintridge Center coordinates supportive programs for 150 youth in high-risk circumstances every year.Over the summer, the SKILLZ Summer School and Youth of Promise programs will provide youth with academic support, life skills, mentoring, arts education, and fun outings.Flintridge is raising money to get all 150 youth it serves a backpack full of supplies so they can achieve academic success and start the school year strong. It may not seem like much, but simply having a backpack can make a world of difference for a young person facing poverty.Help a student thrive this summer by donating online to Flintridge Center’s Back to (Summer) School Backpacks fundraiser.Go to https://www.crowdrise.com/back-to-summer-school-backpacks2017 to donate now.Flintridge Center’s youth program partners are: Day One, College Access Plan, Lake Avenue Community Foundation, Pasadena Unified School District, ArtCenter College of Design, Live Above The Hype, Aspires West, Pasadena City College, and Be Strong Families. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday last_img read more

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Limerick period home to be sold to satisfy bank repossession

first_imgPrint Advertisement WhatsApp NewsLimerick period home to be sold to satisfy bank repossessionBy Staff Reporter – January 27, 2016 1069 Email Linkedincenter_img Previous articleStepping out for Step Up’s free dance performancesNext articleRugby – Earls and Murray sign contracts with IRFU and Munster Staff Reporterhttp://www.limerickpost.ie Twitter Facebook THE €1.5m family home of a former hotelier and Limerick businessman is to be sold in a bid to settle an outstanding debt with Bank of Ireland mortgages, a court has been told.Sign up for the weekly Limerick Post newsletter Sign Up The North Circular Road residence of the Dunne family, Shamrockville, had been the subject of a protracted legal battle between Brendan and Hilda Dunne in connection with a €1.7m loan drawn against the property.Battling illness and a dramatic downturn in the economy in 2009, Mr Dunne and his wife faced a court battle to hold on to their home.Upwards of a dozen court appearances in connection with the case came to an end last week when counsel for the bank and the Dunne family told Judge Tom O’Donnell that a settlement in principle had been reached. The terms of which were nt disclosed to the court save for Judge O’Donnell being told that the property at the centre of the legal row was in the process of being sold.Shamrockville was valued at more than €4.5million at the height of the property boom but it was returned to the market recently at a guide price in the region of €1.5m.Late last year, Pat Barriscale, counsel for Mr and Mrs Dunne said that an interested party had sought to purchase the period residence and that the money raised from the sale would discharge a large portion of their debt.Counsel for the lenders said that the deal was rejected by Bank of Ireland Mortgages as they had taken legal proceedings against the former hotelier and his wife over the €1.7 million loan.The five bedroom detatched house on a 1.3 acre site was mortgaged against the debt and Bank of Ireland have been seeking an order from the Circuit Court to take possession of the home for almost two years.Mr Dunne, who successfully owned and operated six of hotels and up to 20 other properties throughout the Mid West, fell into financial difficulty in 2009 when he was diagnosed with a rare debilitating disease that has confined him to a wheelchair.The 69-year-old businessman was diagnosed with Guillain-Barré syndrome in 2006 and spent 16 months in hospital that has left him with very limited mobility.Mr Barriscale previously argued to the court that an ongoing resort development in the Cape Verde islands would help pay off the bank and had sought time to allow this come to fruition.The development was delayed by litigation in both Cape Verde and the Irish High Court but both actions have since been resolved.However, the court heard that while work on the foreign development had resumed, an alternative agreement to sell the North Circular Road had been reached between the parties in a bid to pay off the debt.Judge O’Donnell said that he was happy to hear that an agreement had been reached and adjourned the matter for three months to allow the house sale conclude.last_img read more

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Still time to enter this year’s Recruitment Ad Awards

first_img Previous Article Next Article Ifyou have a talent for recruitment, there’s a chance to gain recognition in theRecruitment Ad Awards (RADS). The deadline for entries is 14 November, andthere are 17 categories this year.TheRADS are organised by Personnel Today’s parent company, Reed BusinessInformation, to reward excellence in recruitment marketing and communicatIons.This year’s award sponsors are Virgin Atlantic, Asda and totaljobs.com.Entriesare invited from any employer, agency or individual placing advertising torecruit personnel between 8 November 2002 and 7 November 2003.The judges willbe made up of experts from recruitment marketing agencies, consultancies andmajor employers.Winnerswill be announced at a prestigious dinner at Grosvenor House, Park Lane, Londonon 15 January 2004. For more information and to download entry forms, visit theRADS website at www.radawards.com Still time to enter this year’s Recruitment Ad AwardsOn 4 Nov 2003 in Personnel Today Comments are closed. Related posts:No related photos.last_img read more

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