Global Crossing (Formerly Canada Jetlines) and Breeze Airways Settle Lawsuit Amicably; Look to Cooperate in the Future

Global Crossing (Formerly Canada Jetlines) and Breeze Airways Settle Lawsuit Amicably; Look to Cooperate in the Future

Miami, Florida and Salt Lake City, Utah–(Newsfile Corp. – July 2, 2020) – Global Crossing Airlines Inc. (TSXV: JET) (“GlobalX”) and Breeze Airways have reached an amicable agreement to settle a lawsuit brought by Canada Jetlines in November 2019. The lawsuit will be withdrawn by Global Crossing How far off is Sonim Technologies, Inc. (NASDAQ:SONM) from its intrinsic value? Using the most recent financial data… Stocks in Asia Pacific rose on Thursday following positive news overnight around the development of a potential coronavirus vaccine. Post-Brexit trade talks between Britain and the European Union broke down on Thursday after what one negotiator said was a lack of engagement and respect. Jul 02, 2020 (AmericaNewsHour) —
OSINT is becoming a necessity and the market is growing. OSINT tools, Webint and Social Media Monitoring Automation allows…

Miami, Florida and Salt Lake City, Utah–(Newsfile Corp. – July 2, 2020) – Global Crossing Airlines Inc. (TSXV: JET) (“GlobalX”) and Breeze Airways have reached an amicable agreement to settle a lawsuit brought by Canada Jetlines in November 2019. The lawsuit will be withdrawn by Global Crossing, with prejudice, and without any funds changing hands.

GlobalX and Breeze will also look at opportunities in the future where they might cooperate as they develop the U.S. commercial aircraft charter market, utilizing Breeze’s fleet of Embraer 190 aircraft and Global Crossing’s fleet of Airbus A320s. The airlines intend to cross-market and provide each airline’s clients with options to use both aircraft types. The airlines also have agreed to explore other areas of cooperation.

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About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets. For more information please visit https://www.globalairlinesgroup.com/.

About Breeze Airways

Breeze Airways is a new entrant airline by JetBlue founder David Neeleman, now in the FAA certification process. Breeze has placed an order for 60 Airbus A220-300 aircraft. For more information, please visit https://jobs.flybreeze.com/.

For more information, please contact:

Global Crossing Airlines Inc.

Breeze Airways

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the business and operations of the Company and future cooperation with Breeze Aiwards.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58973

Source: finance.yahoo.com

Author: Newsfile Corp.


Is Sonim Technologies, Inc. (NASDAQ:SONM) Trading At A 48% Discount?

Is Sonim Technologies, Inc. (NASDAQ:SONM) Trading At A 48% Discount?

How far off is Sonim Technologies, Inc. (NASDAQ:SONM) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine.

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

View our latest analysis for Sonim Technologies

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.2%. We discount the terminal cash flows to today’s value at a cost of equity of 9.3%.

Terminal Value (TV)= FCF2030 × (1 + g) ÷ (r – g) = US$12m× (1 + 2.2%) ÷ (9.3%– 2.2%) = US$174m

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$174m÷ ( 1 + 9.3%)10= US$72m

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$103m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$0.8, the company appears quite good value at a 48% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

NasdaqGM:SONM Discounted Cash Flow July 2nd 2020

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don’t agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company’s future capital requirements, so it does not give a full picture of a company’s potential performance. Given that we are looking at Sonim Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we’ve used 9.3%, which is based on a levered beta of 1.180. Beta is a measure of a stock’s volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. It’s not possible to obtain a foolproof valuation with a DCF model. Preferably you’d apply different cases and assumptions and see how they would impact the company’s valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For Sonim Technologies, we’ve put together three essential items you should further examine:

  • Risks: Consider for instance, the ever-present spectre of investment risk. We’ve identified 4 warning signs with Sonim Technologies (at least 1 which doesn’t sit too well with us) , and understanding them should be part of your investment process.
  • Management:Have insiders been ramping up their shares to take advantage of the market’s sentiment for SONM’s future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.
  • Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!
  • PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NASDAQGM every day. If you want to find the calculation for other stocks just search here.

    This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

    Source: finance.yahoo.com

    Author: Simply Wall St


    Hong Kong surges nearly 3% as Asia Pacific stocks rise amid coronavirus vaccine hopes

    Hong Kong surges nearly 3% as Asia Pacific stocks rise amid coronavirus vaccine hopes

    Stocks in Asia Pacific rose on Thursday, following positive news overnight about the development of a potential coronavirus vaccine.

    The Hang Seng index in Hong Kong led gains among the region’s major markets, rising 2.85% to close at 25,124.19 following a Wednesday holiday. Shares of Chinese internet giant Tencent soared 3.99% while Hong Kong Exchanges and Clearing skyrocketed 6.06%. 

    Tensions in the city were closely watched after China’s controversial national security law went into effect and Hong Kong police announced their first arrests under the measure. Police said in a tweet that they arrested about 370 people Wednesday, of which 10 were for alleged national security law breaches.

    Mainland Chinese stocks also saw robust gains on the day, with the Shanghai composite rising 2.13% to around 3,090.57 and the Shenzhen component adding 1.292% to about 12,269.49.

    South Korea’s Kospi rose 1.36% to close at 2,135.37. In Japan, the Nikkei 225 rose 0.11% to close at 22,145.96 while the Topix index advanced 0.27% to finish its trading day at 1,542.76.

    Meanwhile, Australia’s S&P/ASX 200 jumped 1.66% to close at 6,032.70. Trade surplus for May came in at 8.025 billion Australian dollars ($5.55 billion) on a seasonally adjusted basis, according to the country’s bureau of statistics. That was below expectations of a trade surplus of 9 billion Australian dollars in a Reuters poll.

    Overall, the MSCI Asia ex-Japan index gained 1.94%.

    “I think it’s very interesting that even with the events of yesterday, of course, the Hang Seng market is the relative outperformer today,” Ben Powell, chief investment strategist for Asia Pacific at BlackRock Investment Institute, told CNBC’s “Street Signs” Thursday morning Singapore time.

    Powell said the market moves were testament to the global “policy revolution,” referring to drastic measures adopted by authorities around the world to keep financial markets afloat as the pandemic hits global economies.

    “Even with the complexities of domestic politics, geopolitics, the virus itself which is still with us … this policy revolution is helping financial markets to have healed … back in March and now to continue to perform rather well,” Powell said. “Having a moderately pro-risk stance, we think, continues to be right … both globally and here in the region.”

    Investors watched for reaction to a recent study of a coronavirus candidate being developed by Pfizer and BioNTech that showed the drug created neutralizing antibodies. The results, which were posted online, have yet to be reviewed by a medical journal.

    “We are cautious,” Joseph Capurso, head of international economics at Commonwealth Bank of Australia, wrote in a note. “We have received positive news about potential vaccines in the past, but all are yet to see widespread production and distribution.”

    A top World Health Organization official warned Wednesday that certain countries may need to reimplement lockdowns. In the U.S., more than 12 states have paused or rolled back their reopenings following a recent spike in cases. Globally, more than 10 million people have been infected by the coronavirus and at least 511,000 lives have been taken, according to data from Johns Hopkins University.

    The U.S. dollar index, which tracks the greenback against basket of its peers, was at 96.952 following an earlier high of 97.19.

    The Japanese yen traded at 107.41 per dollar following its strengthening yesterday from around the 108 mark against the greenback. The Australian dollar was at $0-.6931 after bouncing from levels below $0.69 yesterday.

    Oil prices rose in the afternoon of Asian trading hours on Thursday, with international benchmark Brent crude futures up 1.4% to $42.62 per barrel. U.S. crude futures were 1.41% higher at $40.38 per barrel.

    — CNBC’s Fred Imbert contributed to this report.

    Source: www.cnbc.com

    Author: Eustance Huang


    'Serous differences' stall trade talks between Britain, EU

    ‘Serous differences’ stall trade talks between Britain, EU

    July 2 (UPI) — Post-Brexit trade talks between Britain and the European Union broke down on Thursday after what one negotiator said was a lack of engagement and respect.

    Britain and the EU must come to agreements for how they will interact now that London is no longer part of the group. Britain officially exited the EU at the end of January. Until there’s a new deal, Britain is operating by the same trade rules it followed as an EU member state.

    “Our goal was to get negotiations successfully and quickly on a trajectory to reach an agreement,” he said. “However, after four days of discussions, serious divergences remain.”

    British EU adviser David Frost called the talks “comprehensive and useful,” but agreed that differences “still remain between us on a number of important issues.”

    Barnier stressed that Britain must show some give in their positions, as he believes the bloc has done.

    “The EU expects, in turn, its positions to be better understood and respected in order to reach an agreement,” Barnier said. “We need an equivalent engagement.”

    Talks are scheduled to resume in London in the coming days.

    If the two sides cannot reach a deal, Britain will most likely trade with the European Union under less-favorable guidelines outlined by the World Trade Organization when the transition period expires on Dec. 31.

    Source: www.upi.com

    Author: Clyde Hughes


    OSINT Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025

    OSINT Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025

    Several types of security organizations are now reportedly investing in Open Source Intelligence Tools to increase their monitoring and research capabilities, in the open web, deep web and Darknet. Social networks such as Facebook, Twitter, LinkedIn, and other local services hold detailed personal data on billions of people, and lay the grounds for Social Media Monitoring. Locations, connections, hobbies, and purchasing habits are open for all which have turned these networks into goldmines for intelligence analysts.

    The Final Report will cover the impact analysis of COVID-19 on this industry:

    Download Sample of This Strategic Report:  
    https://www.kennethresearch.com/sample-request-10073279

    An additional source of intelligence is news reports from around the world: information about a riot, a disease outbreak or the moving of troops can reach local and then international media within seconds. Once published, news reaches intelligence organizations around the world instantly. This flow of information and the relevant supportive intelligence systems are a strong tool for every intelligence organization. Organizations related to Military Intelligence, Police Intelligence, and Homeland Security are reportedly investing in the purchase of state-of-the-art OSINT systems.

    One of the fastest-growing verticals is Open-Source Intelligence monitoring for cyber intelligence, in the realm of Threat Intelligence. As hackers interact over the dark net and manage operations and assaults in web forums and groups, constant monitoring of these activities can provide valuable information about planned attacks. In most cyber defense organizations, OSINT and WEBINT are becoming one of the building blocks for strong Threat Intelligence process.

    The global Open-Source Intelligence Market in Homeland Security and Public Safety is boosted by the following drivers:
    An increased use of social networks and a rise of user-generated content, including video sharing, groups, and forums, which expand the amount of content available for intelligence organizations to gather and analyze.
    Rapid advances in big data, data analytics, text analytics and artificial intelligence are facilitating the conversion of millions of scattered data into manageable databases for intelligence analysts. By automating the collection and analysis, analysts can now cope with various sources and provide near real-time analyses
    The growing willingness to release open governmental data to the web, facilitating data access on a personal or country level.
    Leakage of private and secret data to the open sphere. Initiatives such as Wiki-Leaks or Panama Papers are exposing previously undisclosed information, enabling sophisticated intelligence organizations to make use of this data for the investigation and monitoring of people, companies, and countries through advanced Open Source Intelligence tools.

    Investment in intelligence gathering on citizens by less liberal countries – China’s social media monitoring activity has been known for years and additional countries such as Russia and Turkey have already built capabilities to monitor citizens based on Open-Source Intelligence systems. This trend is now penetrating the once-perceived privacy stronghold in European countries. The 2015-2017 terror attacks in Europe have brought the civil and privacy rights vs. Homeland Security and Public Safety debate to new highs and should lead western European parliaments to increase OSINT budgets and Social Media Intelligence (SOCMINT)
    The growth of OSINT training courses around the world, which have boosted the number of potential users of advanced systems. Courses offer publicly available Information collection techniques, top OSINT tools, and even HUMINT over OSINT capabilities.
    The “Open-Source Intelligence Global Market 2017-2022” report examines each dollar spent in the market via 5 orthogonal money trails: regional markets, national markets, vertical markets, sub-markets and by solutions market.

    Questions answered in this market report include:

    What will the OSINT market size be in 2017-2022?
    Which verticals are the fastest-growing?
    Which countries are expected to invest in OSINT and WEBINT solutions and services?
    What are the OSINT market drivers and inhibitors?
    This report is a valuable resource for executives with interests in the industry. It has been explicitly customized for industry and decision-makers to enable them to identify business opportunities, emerging technologies, market trends and risks, as well as to benchmark business plans.

    Why Buy this OSINT Market Report?

    A.Open-Source Intelligence Market size data is analyzed via 5 independent key perspectives:

    The market data is analyzed through 5 key perspectives: regional markets, national markets, vertical markets, sub-markets, and technological solutions.
    Given the highly-fragmented market, the report addresses the Intelligence budget “money trail” each dollar spent according to the following orthogonal market segments:

    Request For Full Report: https://www.kennethresearch.com/sample-request-10073279

    By 9 OSINT Vertical Markets:
    Government Intelligence Agencies
    Law Enforcement and 1st Responders such as Police Intelligence
    OSINT for Defense/Military Intelligence
    Financial Services Industry & Fraud Detection
    Cyber Security – Threat Intelligence
    Border Control & Customs
    Mass Transportation (Air, Sea & Land)
    Intelligence Fusion Centers
    Critical Infrastructure Security
    By 8 OSINT Sub-Markets:
    Riot Forecast & Control
    Criminal Activities
    Terror Monitoring via OSINT
    OSINT for Cyber Security
    Smart City Uses
    Natural Disasters
    Political Monitoring via OSINT
    OSINT for Defense Intelligence
    By 11 Open Source Intelligence Tools and Technological Solutions Markets
    Web Scrapers
    Databases and Big Data Software
    Video Analytics for OSINT
    Text Analytics for OSINT (Stand-alone)
    Visualization Tools
    Cyber – Network Security
    Humint over Osint
    Osint Outsource Services
    Social Media Monitoring and Analysis
    News Analysis
    Web Analysis
    By 5 Regional Markets:
    North America
    Latin America
    Europe
    Middle East & Africa
    Asia Pacific
    By 23 National & Regional Markets:
    USA
    Canada
    Germany
    France
    UK
    Italy
    Spain
    Rest of Europe
    Australia
    India
    China
    South Korea
    Japan
    Rest of Asia Pacific
    Brazil
    Mexico
    Colombia
    Rest of Latin America
    GCC
    South Africa
    Kenya
    Nigeria
    Rest of ME&A
    Detailed market analysis frameworks for each of the market sectors, including:

    Market Drivers & Inhibitors
    Business Opportunities
    SWOT Analysis
    Competitive Analysis
    Business Environment
    See our Big Data & Data Analytics Market in National Security and Law Enforcement – 2017-2022 report which also includes some OSINT aspects.

    About Kenneth Research:

    Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

    Contact Us

    Kenneth Research

    Email:  Sales@kennethresearch.com

    Phone: +1 313 462 0609

    The post OSINT Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025 appeared first on America News Hour.

    COMTEX_367606307/2606/2020-07-02T00:44:35

    Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

    Source: www.marketwatch.com


    Global Crossing (Formerly Canada Jetlines) and Breeze Airways Settle Lawsuit Amicably; Look to Cooperate in the Future


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