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Instablog9ja
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VeryDarkMan has shad£d businessman Blord for saying he’s a youth president.
He said he is a youth president who rips youth.
Cintas Shares Hit A Record High Thursday—Here's Why
Shares Of Cintas (CTAS) Traded At A...
Investopedia
25 m
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Shares of Cintas (CTAS) traded at an all-time high Thursday, extending a strong year, after the business supplies company reported better-than-expected results and gave an upbeat outlook.
The provider of workplace uniforms posted fiscal 2024 fourth-quarter adjusted earnings per share (EPS) of $3.99, with revenue increasing 8.2% to a record $2.47 billion. Both were above forecasts.
CFO Mike Hansen said Cintas benefited from both new customers and strength with existing ones, as well as supply chain improvements. The company made “focused efforts to extract inefficiencies from the business," Hansen said.
In a conference call, CEO Todd Schneider discussed customer retention he called "strong."
"When you have as broad of a customer base as we do, there are certainly some aspects that are thriving and some that are struggling," he said in a transcript provided by AlphaSense. "It varies based upon industry. It varies based upon geography. But when you speak as a whole, I would say ... we haven't seen much change in it so far.
Cintas anticipates fiscal 2025 adjusted EPS of $16.25 to $16.75, and sales of $10.16 billion to $10.31 billion. Schneider said the guidance “reflects our continued confidence in our strategy.”
Cintas shares, which rose more than 5% today, are up about 30% this year.
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Instablog9ja
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Ishaq Oloyede, registrar of the Joint Admission and Matriculation Board (JAMB), says some tertiary institutions in Nigeria were found to have illegally admitted candidates as young as 10 and 12.
The ministry of education earlier pegged the minimum age for university, polytechnic, and college of education admissions at 18. Oloyede, during JAMB’s policy meeting in Abuja, spoke on why it became necessary to adopt a minimum age for admissions.
He said some universities had admitted candidates as young as 12 and 10 outside JAMB’s central admission processing system (CAPS). Oloyede cited the case of a Nigerian institution he did not name and a postgraduate applicant who was looking to study in Germany.
He said the student, documented to have enrolled in the university at 12 to graduate at 15, was discovered after they attempted to pursue a postgraduate degree in Germany. Oloyede said the European Union, whose scholarship grant the student attempted to apply for, had contacted the board to verify the student’s credentials.
“The candidate applied for a postgraduate scholarship under Erasmus Mundus. The body found it strange that the candidate’s date of birth was 2007,” he said. “By her passport, she started studying at a university in Nigeria when she was 12 and graduated at 15. The selection committee contacted Nigeria to confirm whether the candidate studied at a university. The EU asked if it was possible to graduate candidates at such a young age.”
Oloyede said such cases could negatively affect the perception of the larger pool of degrees awarded by Nigerian tertiary institutions. “In the next two to three years, the EU could tighten its requirements and all graduates of Nigerian universities would suffer it,” he said.
“We found that [JAMB] never admitted the candidate because she was underage. The university admitted and registered the candidate. I couldn’t respond to the EU because I was embarrassed. I didn’t know what to write. Ignorantly, the vice-chancellor confirmed that the student attended the school but that they weren’t the VC at that time.”
At the policy meeting, Oloyede said JAMB was alarmed at the participation of a large number of underage candidates in the 2024 Unified Tertiary Matriculation Examination (UTME). “The enrolment of underage candidates is inflicting serious damage on the university and the education system,” he added.
Instablog9ja
2 hrs
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Businessman Blord has broke his silence following his release from police custody over allegations of internet fra¥d and t3rrorism funding.
He has now called himself youth President for a reason.
Investopedia
2 hrs
15
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Retail investors have poured into small-cap stocks amid hopes that recent economic data could embolden the Federal Reserve to start cutting its benchmark interest rate, according to analysts at Vanda Research.
Retail investors loaded up on a record $108.8 million of the iShares Russell 2000 ETF (IWM) on Tuesday, according to data from Vanda Research. Individuals were also net buyers of Direxion Daily Small Cap Bull 3x Shares (TNA), a leveraged fund that triples the Russell 2000’s daily return, to the tune of more than $58 million.
After a quiet second quarter for retail traders, activity has picked up this month “in what appears to be a response to improving growth prospects driven by Fed easing hopes and Trump’s pro-growth agenda,” wrote Marco Iachini, Senior VP of Research, and Lucas Mantle, VP of Data Science in a note Wednesday afternoon.
Lower interest rates are seen as beneficial to smaller companies, which generally have higher levels of debt than bigger ones and can be more susceptible to economic stress.
The rotation into small-cap stocks has coincided with investors modestly scaling back their buying of tech stocks. Though they haven’t by any means written the sector off; single-stock leveraged ETFs, which typically track the largest tech names, saw record inflows after last week’s consumer price inflation data. Trading activity in Tesla (TSLA) stock, a perennial favorite among retail investors, has also rebounded in recent weeks and is currently near its highest level all year.
Ultimately, Iachini and Mantle conclude, the data suggests the Q2 retail trade slump could be over. With retail investors piling into small caps, embracing leverage, and buying large-cap dips, there’s reason to believe “the recent uptick in overall retail purchases of US financial assets may extend over the coming weeks.”
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Instablog9ja
3 hrs
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A Popular businesswoman, Elsie, has cried out to her basket of admirers.
She said her DM is for business and not for love messages, she added that if you are not talking business deals, it is nonsense to her.
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