Why I didn’t sell my McCarthy & Stone shares when the price shot up

first_img Our 6 ‘Best Buys Now’ Shares Tony Loton | Monday, 26th October, 2020 | More on: MCS Click here to claim your free copy of this special investing report now! Simply click below to discover how you can take advantage of this. See all posts by Tony Loton Tony Loton owns shares in McCarthy & Stone. 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. 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.center_img Why I didn’t sell my McCarthy & Stone shares when the price shot up 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. The  National Lottery used to market itself with the tagline “You’ve got to be in it to win it!”, which means you have to buy a ticket to have any chance of winning the jackpot. I could say the same thing about investing in the stock market: you’re not going to become a market millionaire if you don’t actually invest.Being in it is no guarantee that you’ll win it, of course, but I can guarantee that you won’t win it if you’re not in it.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…Let’s look at the recent example of McCarthy & Stone (LSE: MCS) shares, which increased in price by about 40% on 23 October on news that private equity group Lone Star had put in an offer to buy the retirement homes builder for 115p per share. It’s not the first time I‘ve seen a stock’s price shoot up unexpectedly on the news of an offer having been made.Were you in it to win it with this stock? I was! Not because I knew the news was coming, which would necessitate some insider knowledge that I didn’t have, but because – somewhat luckily – I’d incidentally invested in McCarthy & Stone shares exactly one week beforehand when the price had fallen back to its prevailing flatlined level of around 72p per share.This wasn’t clever stock-picking, however much I’d like to think so, because this stock was simply one of many I’d bought in a diversified portfolio of positions that looked to have more upside than downside price potential. Diversification is good because it limits my downside risk of a single stock going bust while at the same time increasing the chances of being “in it to win it” with at least one successful stock pick.So, did I sell my McCarthy & Stone shares at the first whiff of a 40% profit? No way! I’m not foolish enough to sell out too soon; I’m Foolish enough to hang in there for even higher long-term profits. However, I did place a protective stop order at a few pence below the new prevailing price, just in case Lone Star’s lone offer was taken off the table. This is my preferred use of stop orders: to protect a profit rather than lock in a loss. And, for the moment at least, it means I’m still in it to win it if the price goes even higher.Incidentally, I recently read on a financial forum how an amateur investor had made millions in a demo trading account. Investing in a demo portfolio initially is not a bad way to learn the ropes, and this participant’s paper performance sounds impressive, but if you ask me, he hasn’t really won it because he’s not really in it… Enter Your Email Address 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. 5 Stocks For Trying To Build Wealth After 50last_img read more

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UK shares to buy: this small-cap gem continues to exceed expectations

first_img The high-calibre small-cap stock flying under the City’s radar UK shares to buy: this small-cap gem continues to exceed expectations Image source: Getty Images Our 6 ‘Best Buys Now’ Shares Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended Bloomsbury Publishing. 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. 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 Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! I’ve been keen on Harry Potter publisher Bloomsbury Publishing (LSE: BMY) for some time. I think it’s a quality enterprise and a UK share to buy.Why I think Bloomsbury is a UK share to buyThe multi-year financial record has some reassuring figures. Operating cash flow has been generally rising. And the directors have used some of the incoming cash to keep the shareholder dividend rising. In short, I think the business is in good health.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…And today’s full-year results report to 28 February contains more good news. Chief executive Nigel Newton said a 22% year-on-year increase in pre-tax profit is “ahead of expectations.” To mark the occasion, the company is rewarding shareholders with a special dividend worth 9.78p per share on top of the full-year dividend declared at 7.58p — happy days for existing stock owners.I reported last October the interim figures were ahead of directors’ earlier expectations. And I saw the stock as a decent buying opportunity. Back then, the share price was near 252p. Today, it’s around 337p and getting close to the all-time high achieved in the summer of 2005, near 370p.Harry Potter remains important to the businessThe earlier success of the business was driven by the phenomenon of the Harry Potter series. However, Bloomsbury has more strings to its bow than just J K Rowlings’ much-loved creations. For example, the company breaks its results down into figures for Adult Trade, Special Interest and Academic & Professional publishing, as well as the Children’s Trade division that includes the Harry Potter titles.However, I’m not underestimating how important Harry Potter remains to the business. The Children’s Trade division produced around 40% of total revenue for the year and around 60% of overall operating profit.Children’s Trade sales recorded “excellent” growth, increasing 26% compared to the prior year. And adjusted profit from the division before tax shot up by 42%. Within those figures, sales of the Harry Potter titles moved 7% higher than the previous year.According to the directors, Harry Potter and the Philosopher’s Stone was the third bestselling children’s book of the year on UK Nielsen Bookscan. And Harry Potter and the Philosopher’s Stone, Harry Potter and the Chamber of Secrets and Harry Potter and the Half-Blood Prince were all Sunday Times bestsellers in the year.I’d aim to buy for a long-term holdSo I’d be fooling myself if I believed Bloomsbury had moved away from heavy reliance on the series. And that’s one of the risks with the stock, as I see it. If Harry Potter declines in popularity in the future, we could see a big dent in the trading figures. And it’s some 23 years since the boy-wizard first helped the firm hit the big time.Another risk now is that the pandemic appears to have boosted sales because of the wider uptake of reading. Perhaps that’s been related to the government’s lockdown and furlough policies leaving people with more time on their hands. The effect could reverse as the pandemic fades.Nevertheless, despite a full-looking valuation, I think Bloomsbury is a UK share to buy for me on dips and down-days for the long-term. I think the business is doing many things right and has the potential to grow across all its divisions. 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. Simply click below to discover how you can take advantage of this. Kevin Godbold | Wednesday, 2nd June, 2021 | More on: BMY Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! I’m also keen on this one: See all posts by Kevin Godboldlast_img read more

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WATCH: Dragons Lair – Behind the Scenes at the Dragons

first_imgThursday Jan 11, 2018 WATCH: Dragons Lair – Behind the Scenes at the Dragons Go behind the scenes with Welsh PRO14 side the Dragons in this all access RugbyPass documentary that gives us an exclusive look at preseason preparatons, and life under hard-nosed Irish coach, Bernard Jackman.This 27-minute long documentary takes place in the lead up to the Dragons’ penultimate pre-season game against English champions, Exeter Chiefs.Buoyed by the takeover of the club by the Welsh Rugby Union, a new look Rodney Parade and the appointment of former Grenoble coach Jackman, the Dragons are determined to raise standards and are eager to shake off their tags as the weakest Welsh region.Get to know some of the characters at the club, and a feel for Jackman’s coaching style, as he sets out to turn things around, hoping to leave a legacy long after he has moved on.  With exclusive access at their state-of-the-art training centre at Ystrad Mynach, this fly on the wall documentary brings you closer than ever to what goes on behind closed doors at a professional rugby team.credit: rugbypass.comADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Player Features Related Articles 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell… 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary… 30 WEEKS AGO The highs and lows of Yoann Huget after he… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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The Atrium House / Studio Saxe

first_imgArchDaily Projects “COPY” Costa Rica Architects: Studio Saxe Area Area of this architecture project Photographs Save this picture!© Roberto D’Ambrosio+ 32Curated by Paula Pintos Share The Atrium House / Studio SaxeSave this projectSaveThe Atrium House / Studio Saxe Area:  756 m² Year Completion year of this architecture project CopyHouses•Nosara, Costa Rica ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952067/the-atrium-house-studio-saxe Clipboard Photographs:  Roberto D’AmbrosioDesign Director:Benjamin G. SaxeBuilder:JIMACOStructural Engineer:Sotela Alfaro Ltda.Electromechanical Engineer:Dynamo StudioLandscape:Vida Design StudioCity:NosaraCountry:Costa RicaMore SpecsLess SpecsSave this picture!© Roberto D’AmbrosioRecommended ProductsWoodEGGERWood-based materials in EGGER HeadquartersBlinds / Mosquito Nets / CurtainsBANDALUXConcealed Blind System – One-BoxDoorsStudcoAccess Panels – AccessDorDoorsLonghiDoor – HeadlineText description provided by the architects. Eco-conscious family business Andaluz commissioned Studio Saxe to create experiences around architectural designs that harness the power of the environment to create life-changing experiences.Save this picture!© Roberto D’AmbrosioConcept. The Andaluz brand is all about meaningful and real experiences that combine comfortable human habitation with a deep connection to the surrounding landscape. A series of homes were carefully placed around existing trees on a hilltop which brings in ocean and jungle views whilst creating a sense of comfort and security for the inhabitants. Save this picture!© Roberto D’AmbrosioDesign. The Atrium House is poised elegantly on a hilltop overlooking the Pacific Ocean on one side and amazing mountain views on the other. A distinct vertical atrium joins all floors and creates passive cooling for comfort with minimal energy consumption. The main living space on the top floor floats above the tree line creating a high level of privacy and intimate connection to the views. A second social area on the ground floor enjoys a pool integrated with surrounding palms and a BBQ area which is ideal for gatherings. Save this picture!© Roberto D’AmbrosioThe Andaluz Brand is known for its durable and long-lasting construction methods as well as high-quality materials. All these factors come together seamlessly to enhance the experience of the inhabitants and to create longevity which is focused on low maintenance and a high level of comfort. Save this picture!© Roberto D’AmbrosioSave this picture!Save this picture!© Roberto D’AmbrosioSustainability. Every home is designed with a high level of bioclimatic design through the understanding of natural phenomena such as wind, sun, and geological aspects to be able to protect and integrate the homes where necessary and open up and close were needed to create comfort without the use of energy. Both Studio Saxe and Andaluz believe that beauty and experience are intrinsic forms of sustainability that enhance the human experience and will last through the times.Save this picture!© Roberto D’AmbrosioProject gallerySee allShow lessHow to Start a New Project in RevitArticlesCote Rocheuse Winery / Severin ProjectSelected Projects Share The Atrium House / Studio Saxe “COPY” Year:  2019 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952067/the-atrium-house-studio-saxe Clipboard Houses CopyAbout this officeStudio SaxeOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesNosaraOn FacebookCosta RicaPublished on November 26, 2020Cite: “The Atrium House / Studio Saxe” 26 Nov 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save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 streamlast_img read more

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Celebrate the Cuban Revolution and support Workers World!

first_imgOn July 26, 1953, revolutionaries stormed the Moncada Barracks in Santiago, Cuba. Less than six years later, Fidel and his guerrillas ousted the U.S.-backed Batista dictatorship, marching into Havana during the first days of January 1959.That same year, Workers World newspaper began to publish. After years of anti-communist reaction, the Cuban Revolution helped revive interest in revolutionary socialism in the U.S. It found an eager supporter in this newspaper. The more outrageous the anti-Cuba propaganda of the big business press, the harder Workers World fought to tell the truth about this great victory over U.S. imperialism.When, on Jan. 3, 1961, the U.S. announced to the United Nations that Washington was breaking diplomatic relations with Cuba, Workers World’s first editor, Vince Copeland, led a protest inside the U.N. chamber. His booming voice could be heard on WNYC radio shouting that Ambassador James Wadsworth “speaks for the bankers, not the people.”Anti-Cuba propaganda turned into sabotage and an outright CIA-directed invasion that April. Workers World closely covered the efforts of the Fair Play for Cuba Committee, the Committee to Defend Francisco Molina and other organizations in solidarity with the Cuban people. And when the Kennedy administration threatened a nuclear attack in 1962, Workers World’s front page demanded “Hands off Cuba!”Cuban troops helped liberate Angola from racist colonial rule. Tens of thousands of Cuban medical workers have gone to Africa, Latin America and Haiti to fight disease. Cuba even offered to send doctors to U.S. regions shattered by Hurricane Katrina. But Washington said “no.”In the early 1990s, Cuba endured great economic hardship after the USSR fell and the U.S. tightened its blockade of the socialist island. Workers World helped build the Peace for Cuba International Appeal, which brought thousands to New York City’s Javits Center in January 1992, calling for an end to the blockade, the travel ban and all intervention against Cuba.The brutal blockade has failed to overturn the Cuban Revolution. Now Washington is discussing normalizing diplomatic relations with Havana. Workers World supports Cuba’s precondition that the U.S. close its illegal base at Guantánamo and the torture prison there and return Guantánamo to the Cuban people.Assata Shakur, an African-American freedom fighter, has lived in exile in Cuba for 31 years. Washington wants her sent back to the racist hellholes of mass incarceration here. We support Cuba’s insistence that its sovereignty be respected, including the right to give shelter to those fleeing repression.Our readers are familiar with Workers World’s support for the IFCO/Pastors for Peace caravans that carry medical and other essential supplies to the island and the yearly Venceremos Brigades. You know our role in the campaign to free the Cuban 5 heroes.We hope you will help us keep up this tradition of standing firmly with Cuba and its people. Donations from our supporters have been a big factor in getting our pro-Cuba writings in print, distributed and posted online at workers.org.We invite you to donate to the Workers World Fund Drive, our biannual fundraising campaign. Send checks to Workers World, 147 W. 24th St., 2nd floor, New York, NY 10011, with your name and address. Indicate for “Fund Drive.”Also, please join the 38-year-old WW Supporter Program and make a regular donation, no matter how modest. Go to workers.org/donate/ or send checks to the above address; write “For WWSP.”We appreciate your help in growing the revolutionary media in the U.S.Photo: Taken by the legendary Cuban photographer Alberto Korda on May 1, 1960 — barely a year after the triumph of the Cuban Revolution.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Epoch Times manages to negotiate a deal with a printer

first_img In order to bypass journalists, Hong Kong Chief Executive launches her own talk show on public television May 16, 2005 – Updated on January 20, 2016 Epoch Times manages to negotiate a deal with a printer The Hong Kong-based independent daily Epoch Times will continue publishing. Reporters Without Borders said it welcomed the news with relief. A contract signed with a printer at the eleventh hour will allow the newspaper to continue to appear for the time being. But Epoch Times is still looking for a way to ensure its long-term survival.________________________________________________________________________12-05-2005Epoch Times independent daily to stop publishing for lack of printerReporters Without Borders today voiced “unreserved support” for the independent Hong Kong daily, the Epoch Times, which has just announced that it will be forced to stop publishing on 14 May because it has been unable to find a new printing house.The newspaper is well known for criticizing the authorities of the People’s Republic of China, especially for human rights violations, and an independent voice will have been silenced when it disappears from the news stands, the press freedom organization said.The company that has been printing the newspaper for more than a year recently announced that it was terminating its contract without giving any explanation. Reached by telephone, Epoch Times editor Cheryl Ng told Reporters Without Borders she is convinced political pressure was brought to bear on the printer by the Chinese authorities.The pressure was apparently applied shortly after the newspaper brought out a special issue in November with a print run of 1 million copies containing a series of critical editorials about the ruling Chinese Communist Party entitled the “Nine Commentaries.”The newspaper tried in vain to find a new printer for the past two months. Some companies refused outright to work with the Epoch Times, while others demonstrated their lack of interest by demanding extremely high rates.The Hong Kong edition of the Epoch Times has flourished since its creation four years ago. It appears five times a week and is distributed free of charge. Hong Kong: RSF appeals to the UN to act for the release of Apple Daily founder Jimmy Lai May 26, 2021 Find out more Hong KongAsia – Pacific Radio Television Hong Kong (RTHK): Patrick Li, Director of Broadcasting or political commissar? Help by sharing this information May 28, 2021 Find out more Receive email alerts Newscenter_img News News Follow the news on Hong Kong Organisation RSF_en April 29, 2021 Find out more to go further Hong KongAsia – Pacific Newslast_img read more

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70% fall in Donegal road deaths since 2007

first_img Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Facebook Further drop in people receiving PUP in Donegal Pinterest WhatsApp Facebook Previous articleMan dies in hospital after Dungloe fallNext articleKenny and Doherty clash on mortgage crisis response News Highland Google+ Figures published by the Road Safety Authority show the Donegal is one of the best performing counties in the country when it comes to reducing road deaths, with a 70% fall between 2007 and 2012.Over the five years, Leitrim, Laois, Kildare, Monaghan and Clare showed the biggest reduction in road deaths. Cavan was the only county to record an increase in the level of fatalities.RSA Chief Executive Noel Brett says the reduction in road deaths in nearly every county in Ireland shows just what can be achieved when communities come together and say, ‘enough is enough’. By News Highland – January 30, 2013 Google+center_img Pinterest 75 positive cases of Covid confirmed in North News Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp 70% fall in Donegal road deaths since 2007 Twitter 365 additional cases of Covid-19 in Republic RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan firelast_img read more

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SC Asks Centre To File New Affidavit On Modalities of Refund of Air Tickets To Passengers and Travel Agents

first_imgTop StoriesSC Asks Centre To File New Affidavit On Modalities of Refund of Air Tickets To Passengers and Travel Agents Press Trust of India23 Sep 2020 6:22 AMShare This – xA bench of Justices Ashok Bhushan, R Subhash Reddy and M R Shah said that it is only concerned with refund and non-refund of money for tickets booked during the lockdown period.It was hearing a plea which has raised the issue of air tickets refund owing to cancellation of flights due to COVID-19 induced lockdown which had commenced from March 25.Senior advocate Sanjay Hegde, appearing for…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginA bench of Justices Ashok Bhushan, R Subhash Reddy and M R Shah said that it is only concerned with refund and non-refund of money for tickets booked during the lockdown period.It was hearing a plea which has raised the issue of air tickets refund owing to cancellation of flights due to COVID-19 induced lockdown which had commenced from March 25.Senior advocate Sanjay Hegde, appearing for NGO Pravasi Legal Cell’, said that if one books tickets in airlines like Air India, Indigo etc and fly out of India then the affidavit filed by Director General Civil Aviation (DGCA) is applicable.He said that the DGCA should also cover people for refund, who have booked flights on these carriers to come back to India like in the Gulf Countries and therefore the issue needs to be sorted.Solicitor General Tushar Mehta, appearing for Ministry of Civil Aviation and DGCA, said that the government has taken a decision of refund keeping in mind the welfare of all and an appropriate solution has been worked out.Mehta said that a holistic view has been taken keeping in mind the interests of passengers and the airlines.The bench asked the Solicitor General that suppose prior to one day before the lockdown, a passenger has booked a flight ticket for travel during the period of lockdown, then what about his refund.Mehta replied that he would not get the refund immediately.The bench then asked Mehta what happened to the refunds of a travel agent, who has already paid to the airlines for the tickets booked.You say passenger will get a credit shell, here in case of travel agents what would happen if passenger is yet to pay for the ticket booked? , the bench told Mehta.Senior advocate Pinaki Misra, appearing for Air Vistara and AirAsia, said that usually travel agents deposit with airlines a corpus of Rupees one crores and its balance keeps coming down with the issuance of each ticket.He said that if the passenger has not yet paid for the ticket, then the corpus amount of travel agent will get reimbursed.Mehta said that under the prevailing circumstances this is the best solution which the government could arrive at keeping in mind the interest of all stake holders including the passengers and the Airlines.The circumstances are such that this is the best which the government can do, he said, adding that if some individuals have a problem then we cannot do anything as this is an exceptional situation and someone may have to bear the brunt .Misra said that DGCAs approach is one size glove fits all and the aviation regulator cannot say you must refund.If passengers accept my offer voluntarily then how can I be compelled to pay a refund? I can’t pay nine per cent interest on the refund amount, he said, adding that if this continues, then airlines may need a moratorium.Senior advocate C A Sundaram, appearing for Passengers Association, said that there is no question of entitlement of moratorium as this is the case of individual refunds.Senior advocate Arvind Dattar, appearing for some Airlines, said that it is a question of collapse of airlines which will close down otherwise and it is also a question of 30,000 to 40,000 employees working in these companies.Senior advocate Pallav Sisodia, appearing for travel agents federation, said that often the booking of tickets is only a part of the large bookings including hotels, food, etc and its part of a large trade channel.If the money is not refunded to us then there will be numerous insolvencies. We will refund the amount to the passenger and if we don’t refund then we can’t work, he added.The bench, while discussing various refund modalities and circumstances, asked Mehta if a ticket is booked through travel agent then can the refund voucher be not given to them?The top court gave another scenario and said that if a travel agent books a ticket for a passenger and if refund is granted to the passenger then what happens to the agent.It asked Mehta suppose a passenger has a refund voucher and he has not paid to an agent, then whether that voucher will only fetch a ticket from the same agent.Mehta said he will file a better affidavit with regard to the modalities of refund of tickets booked for flights which were cancelled as the instant affidavit is poorly drafted on this aspect.On September 9, the top court had asked the Centre to clarify whether it is willing to give complete refund of air tickets booked for travel during the COVID-19 lockdown.The DGCA, in its affidavit said that full refund shall be provided by airlines immediately for tickets booked during the COVID-19 lockdown for domestic or international travel within the lockdown period.It had said if airlines are not able to refund on account of financial distress, they shall provide a credit shell equal to the amount of fare collected and this shall be issued in the name of the passenger who has booked the ticket for domestic travel directly or through an agent including online platforms.Next Storylast_img read more

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Rajiv Gandhi Assassination Case : President Competent Authority To Decide Perarivalan’s Pardon, Says Tamil Nadu Governor

first_imgTop StoriesRajiv Gandhi Assassination Case : President Competent Authority To Decide Perarivalan’s Pardon, Says Tamil Nadu Governor Srishti Ojha4 Feb 2021 8:32 AMShare This – xThe Centre on Thursday informed the Supreme Court that the Tamil Nadu Governor has proposed that the President of India is the competent authority to deal the request of remission of sentence in case of AG Perarivalan, the convict in the Rajiv Gandhi assassination case The Ministry of Home Affairs has submitted an affidavit stating that the Tamil Nadu Governor, after considering facts…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Centre on Thursday informed the Supreme Court that the Tamil Nadu Governor has proposed that the President of India is the competent authority to deal the request of remission of sentence in case of AG Perarivalan, the convict in the Rajiv Gandhi assassination case The Ministry of Home Affairs has submitted an affidavit stating that the Tamil Nadu Governor, after considering facts and circumstances of the case, recorded that the President would be the competent authority and the Central Government will process the proposal in accordance with the law. The affidavit filed by the Home Ministry on behalf of the Government has been filed in pursuance of the Supreme Court’s order dated 22nd January 2021, whereby it had asked the Governor to decide the petitioner’s application for remission. The order was passed after SG Tushar Mehta had informed the Supreme Court that the Tamil Nadu Governor will decide, “as per the Constitution”, on the remission of the sentence in exercise of his discretionary power under Article 161 within the next 3-4 days. The bench headed by Justice L. Nageswara Rao was hearing the petition filed by Perarivalan seeking release from the prison based on the recommendation made by the State Government in September 2018. The bench had earlier expressed unhappiness over the fact that the recommendation made by the Tamil Nadu state government for the remission of the sentence had been pending before the Governor for over two years. In 2014, the Supreme Court had commuted Perarivalan’s death sentence to life imprisonment citing the long pendency of his mercy petition. On January 21, SG Mehta had submitted that he had received instructions to submit that the Governor of the State of Tamil Nadu will decide the issue as per the Constitution within the next 3-4 days.Interestingly, the ASG K. M. Nataraj, had submitted that it is the President under Article 72 and not the Governor under Article 161 who is competent to grant pardon/remission.  The writ petition was filed by Perarivalan, who was in death row for over two decades, aggrieved with the inaction of the Governor to decide on the recommendation made by the Tamil Nadu government in September 2018 to grant him pardon. In 2014, the Supreme Court had commuted the death penalty to Perarivalan and two others to life imprisonment on account of long pendency of his mercy plea. Click Here To Download Affidavit[Read Affidavit]Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

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All roads on council’s Gritting Programme will be treated tonight

first_imgHomepage BannerNews All roads on council’s Gritting Programme will be treated tonight By News Highland – November 15, 2019 Nine til Noon Show – Listen back to Monday’s Programme Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Important message for people attending LUH’s INR clinic WhatsApp Pinterest WhatsApp Arranmore progress and potential flagged as population grows Pinterestcenter_img Google+ RELATED ARTICLESMORE FROM AUTHOR News, Sport and Obituaries on Monday May 24th DL Debate – 24/05/21 Twitter Donegal County Council has confirmed all roads on its gritting programme will be treated from 5pm this evening.Questions were asked at the lack of gritters last night after freezing conditions posed serious problems for motorists and this morning.The council says the extent of last night’s freeze was not forecast, and therefore gritting vehicles were not deployed until this morning. Previous articleDonegal student shadowing Taoiseach for the dayNext articleCoastguard withdraws in-shore rescue boats for safety reasons News Highland Google+ Facebook Facebooklast_img read more

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