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TRUSTCO SHARES SURGE 49% FOLLOWING POSITIVE TRADING UPDATE RELEASE

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Windhoek, Khomas, Namibia, 31st May 2024Trustco Group Holdings Ltd continues to demonstrate its ability to generate above-average investment returns. During the interim review period, Trustco’s Net Asset Value (NAV) increased by 9.5% from NAD 1.15 billion (USD 62 million) to NAD 1.26 billion (USD 68 million) during the last six months. The NAV per share similarly grew to 128.2 cents, from 117.1 cents. The Group’s profit for the 6 months ended 29 February 2024 was NAD 110 million (USD 6 million), compared to a loss of NAD 250 million (USD 13 million) in the previous corresponding period. Basic and headline earnings per share were 11.17 cents, a significant improvement from the previous interim period.

Trustco’s portfolio valuations showed mixed performance across various sectors. The micro-finance portfolio reduced by NAD 90.7 million (USD 4.8 million), while the commercial banking and education portfolios decreased by NAD 1.3 million (USD 70 thousand) and NAD 20.7 million(USD 1.1 million), respectively. The insurance portfolio also recorded a decline of NAD 50.9 million (USD 2.7 million), primarily due to market volatility and higher interest rates. However, the real estate portfolio increased by NAD 70.7 million (USD 3.8 million), driven by rising demand for prime real estate in Namibia. The mining portfolio grew by NAD 154.5 million (USD 8.3 million), thanks to sector resilience, increased commercial production, and favourable exchange rates.

 

Quinton Z van Rooyen, Deputy CEO – Trustco Group Holdings Ltd

“The past period demonstrated why we pursue a generational multi-sector investment strategy.  When one portfolio faced challenges, other portfolios compensated for it,” said Quinton Z van Rooyen, Deputy CEO of Trustco Group. “This balanced approach is key to Trustco’s consistent delivery of superior value.”

The Group has entered into an agreement with the US-based long-term shareholder Riskowitz Value Fund, providing access up to USD 100 million in hybrid capital, enabling Trustco to seize immediate investment opportunities across its world-class basket of investment portfolios, as well as new prospects. Additionally, Trustco has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited for NAD 468 million (USD 25 million) in shares at NAD 1.17 per share, increasing its holding to 91.35% and strengthening its investment footprint in Namibia’s insurance and real estate sectors.

The Trustco board is also finalizing the agreement for the debt-to-equity conversion with the founding family, Next Capital, as previously announced. This transaction aims to convert NAD 4.4 billion (USD 235 million) debt and equity liabilities from the Statement of Financial Position, into equity. Full details will be shared with shareholders once the terms are finalized, and all these transactions will follow the required full circular and regulatory processes.

Trustco’s diversified investment portfolio, combined with Namibia’s robust economic growth prospects, positions the Group for sustained success and long-term value creation for its investors.

 About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, with an investment portfolio that has delivered exceptional returns with a CAGR of 68.97% since 1992. It has a well-balanced asset mix, with a current average weighting of 38% in US Dollar based assets, while the remaining 62% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets.Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

 About Namibia:

Namibia is a Southern African country with a population of approximately 3 million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 31052412725

The post TRUSTCO SHARES SURGE 49% FOLLOWING POSITIVE TRADING UPDATE RELEASE appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Thunderball Results: Your Ultimate Destination for Real-Time Updates and Insights

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Thunderball is proud to announce itself as the ultimate online destination for thunder ball enthusiasts, offering the latest and most accurate results immediately after every draw. Whether you’re a regular follower or an occasional visitor. At thunderball results, we have a singular mission to ensure that Thunderball enthusiasts have easy access to the most recent and comprehensive results. It is designed with you in mind. We understand that the thrill of the game doesn’t just come from playing, it comes from waiting with bated breath for the results, and we make sure that wait is as short and stress-free as possible.

With the growing number of websites providing information on the internet, what sets us apart is our dedication to delivering accurate, timely, and accessible updates. We know how frustrating it can be to scour the web for reliable information or to miss out due to delays. That’s why our team works diligently to update results immediately, ensuring you have access to the latest information in real-time. 

Moreover, our platform offers more than just the most recent numbers. We provide a comprehensive archive of past Thunderball draws, allowing users to track patterns, revisit results, and strategize their future plays. 

What You Can Expect from us;

1. Timely Updates: One of the standout features of our platform is our commitment to offering timely updates immediately after each Thunderball draw. Our team stays on top of every draw, ensuring the winning numbers are posted on the site as soon as they are available. Say goodbye to long waits and misinformation—we deliver accurate results, fast.

2. Expert Analysis: We believe that informed players are better players. That’s why Thunderball results goes beyond the numbers to offer detailed analysis and valuable insights. Our expert team provides in-depth statistical breakdowns, offering users a chance to understand trends, hot numbers, and other factors that could impact future games.

A User-Friendly Experience

Our website has been designed with simplicity and efficiency at its core, so players of all levels can find what they need quickly and without hassle.  

We’ve also optimized the platform for mobile use, so whether you’re at home, commuting, or out with friends, you can check the latest results and never miss a moment of the action. As part of our commitment to accessibility, Thunderball Result is compatible with all devices, ensuring you can stay connected wherever you are.

About Thunderball 

Founded with the mission of creating an online hub for thunderball enthusiasts, Thunderball results has rapidly become the go-to destination for lottery players across the UK. We recognize that the key to a satisfying lottery experience is reliability, and our platform reflects that commitment through real-time updates, comprehensive data archives, and in-depth insights.

Our team is made up of passionate lottery fans and tech experts who understand the importance of providing quick and accurate information. Since launching, Thunderball Results has garnered a loyal following by consistently delivering results in a timely and efficient manner, making it a trusted resource for thousands of players every day.

At Thunderball Results, we’re more than just a results platform—we’re a community built around the excitement of the thunderball game. Whether you participate regularly or just enjoy checking the results, we invite you to join us to stay up to date with the latest thunderball draws and immerse yourself in a supportive and engaging community. For more information, visit https://thunderballresults.uk and follow us on social media for the latest news, updates, and winning numbers.

Contact details 

Company name: Thunderball Results 

Website link: https://thunderballresults.uk  

Contact email: info@thunderballresults.uk  

Country: United Kingdom 

City: London 

Contact person name: Thomas Ferguson

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Champ, America’s Loch Ness Monster ‘spotted’ in drone footage from filmmakers

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Champ, is that you?

Since the 1600’s, tales of a mysterious sea serpent named Champ, named after explorer Samuel de Champlain, have been part of the folklore of the Lake Champlain region. The lake borders New York and Vermont. Champlain and the Abenaki tribe were the first sightings of Champ in the historical record.

Champ remained elusive. The only notable visual evidence was a photo taken in 1977 by Sandra Mansi.

Until now.  For the first time in history, a video that allegedly captures the legendary lake monster on film is being hailed as the “most notable visual evidence” of Champ. Some compare it’s impact to the Patterson-Gimlin film impact on the Bigfoot cryptozoology community.

Independent filmmakers Kelly Tabor and Richard Rossi were shooting a fictional film ‘Lucy and the Lake Monster’ about a 9-year-old girl and her grandfather looking for Champ, a legendary lake monster rumored to live and lurk in the murky waters of Lake Champlain.  The film is based on their bestselling book of the same title.

As part of their shoot, their cameraman sent a drone above the lake in Bulwagga Bay, and what they saw in post-production stunned them.

They posted ten seconds of what is now known as the Tabor-Rossi footage on YouTube and 36,000 views later, it has provoked discussion and debate about what appears to some to be a plesiosaur swimming below the lake’s surface, behind a boat containing the two lead actors in their film, Emma Pearson and Richard Rossi.  The footage of the plesiosaur can be seen here: https://www.youtube.com/watch?v=Dkpzfqlt3PI.

(Plesiosaurs are a sea creature from the dinosaur-dominated Mesozoic era.)

Tabor and Rossi’s recent interview on the Cryptid Creature podcast was posted on Spotify. The duo submitted their footage and story for assessment by the two hosts, Todd Stevens and Brian Brock.  Stevens eloquently summed up his conclusion, affirming the veracity of the footage.

“The creature is bigger than the boat, fifty yards behind the boat, Stevens said.  “It has a plesiosaur body. It is not sturgeon, or multiple sturgeon. It is one large body moving.” The entire Cryptid Creatures interview with Tabor and Rossi can be heard here: https://play.cdnstream1.com/s/streamkastplus/cryptid-creatures/the-lake-champlain-monst-5a5bbe

Tabor first spotted the creature in the footage, editing on her large screen T.V.  “It’s poetic that Kelly saw it first,” Rossi said. “She has been looking for Champ for over fifty years.” Tabor grew up in a cabin on Lake Champlain in Crown Point, New York.

“We inadvertently caught this on camera,” Tabor said. “We weren’t trying to.”

If Kelly Tabor is the true believer of the screenwriting team, her writing partner Richard Rossi is the Doubting Thomas, insisting on the footage being evaluated by scientists with a doctorate in science and to prepare a report for peer review in 2025.

“I’m the more skeptical one compared to Kelly,” Rossi said.  “But there’s definitely something there.”

The filmmaking crew was so busy filming the movie, they didn’t catch the anomaly in the footage until later, in the post-production editing stage.

Multiple versions of their footage are now on Pinterest and YouTube as cryptozoologists use their tech savvy to zoom in on the Champ image, and use coloring to do morphological enhancements and evaluations.  

The Tabor-Rossi Champ footage is incorporated into their fictional film, ‘Lucy and the Lake Monster,’ at about the four-minute mark of the film. The movie has screened in theaters in New York, New Jersey, Vermont, Pennsylvania, California, and South Carolina.  This month, it won 12 awards in film festivals.  It will be released on DVD and streaming next year.

“As filmmakers, our primary focus is on the art form itself.  We don’t respond too much to the debate around the footage,” Rossi said. “We try to focus on doing the best job we can in our screenwriting, acting, cinematography, and music.  It’s nice that Champ has blessed us with the benefits of headlines that let people know about our book and the film, but at the end of the day, our focus is on showing the film and writing the next sequel. Champ has been a great publicist.”

“Champ is also one of the biggest stars in our new film,” Tabor added.

Media Contact:

Reporter Christy Collins

richardrossilive@gmail.com

https://www.lucyandthelakemonster.com/ 

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Press Release

This December, Meet Barracuda Coin The Next Big Crypto

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Since its inception in February 2023, Barracuda Coin has been preparing for a highly anticipated launch, positioning itself as a prominent player in both the cryptocurrency and sports sectors. Backed by significant sponsorship deals with numerous sports events, Barracuda Coin is poised to make an impactful entrance into the crypto space, aligning itself with the competitive energy of professional sports.

Ethereum-Based Token with a Strong Focus on Sports

Barracuda Coin is built on the robust Ethereum blockchain, ensuring security and reliability for all transactions. With a total supply of 75,000,000 tokens, Barracuda Coin is already gaining traction through its involvement in MMA and K1 sports sponsorships and has established itself as a key sponsor for numerous professional sports events.

In tandem with the coin’s launch, Barracuda Coin will release a unique NFT collection featuring high-performing athletes, giving fans and collectors a unique opportunity to own exclusive digital assets tied to their favorite sports icons.

Staking Program for Early Investors

To reward early supporters, Barracuda Coin is launching an attractive staking program with two levels of rewards:

  • Investors who join during the reservation phase will receive 75% monthly interest for 6 months.
  • Those participating in the presale will enjoy a 30% monthly interest over the same period.

Important Dates and Pricing

  • Reservation Phase: Beginning on November 4, 2024, and running through November 28, 2024, the price per Barracuda Coin (BARR) during this period will be $0.019.
  • Presale Phase: After the reservation period ends, the presale will begin at $0.05 per token, gradually increasing up to $0.15.
  • Official Launch: Scheduled for December 23, 2024, with the token price projected to reach $0.36.

Barracuda Coin and Pay-Per-View Entertainment

Designed with the entertainment and sports industry in mind, Barracuda Coin is set to seamlessly integrate with the pay-per-view model, making it the ideal token for fans. With fast, secure, and transparent transactions, Barracuda Coin will allow users to easily access premium sports content and live events, bypassing the challenges of traditional currency exchanges.

About Barracuda Coin

Barracuda Coin is more than a cryptocurrency; it’s a platform connecting the worlds of sports, crypto, and digital assets. Focused on creating a space for sports enthusiasts, collectors, and investors alike, Barracuda Coin offers a comprehensive platform that includes a strong staking program, an exclusive NFT collection, and seamless integration with pay-per-view sports. With these innovative offerings, Barracuda Coin is set to establish itself as a leader in both the cryptocurrency and entertainment sectors.

Register and Be Part of the Barracuda Coin Community

Investors are encouraged to participate in the reservation phase to secure tokens at the lowest price and maximize staking rewards. For more information, visit https://barracuda-coin.io/

Media Contact:

Barracuda Coin

support@barracuda-coin.io

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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