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Mike Pocrnich: A Seasoned Finance Professional Bringing 20 Years of Expertise to Financial Analysis

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4 months ago

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Minneapolis, MN, 28th June 2024, ZEX PR WIRE, Mike Pocrnich, a seasoned finance professional, leverages over 20 years of expertise in non-profit accounting, auditing, and financial analysis. With a Bachelor’s degree in Accounting from St. John’s University, he has built a career that blends technical prowess with strategic insight.

Residing in the Minneapolis metro area, Mike enjoys outdoor activities and spending time with his wife, daughters, and their family dog. His journey began at CliftonLarsonAllen as a Senior Auditor, where he managed non-profit audits, crafted internal controls, and mentored new auditors while also conveying complex financial data to organizational leaders.

As a Finance Manager at Element Financial Advisory, Mike excels in providing CFO and Controller services to a broad array of clients. He is adept at building financial forecasts, steering state and federal grant processes, and consulting on organizational financial strategies. His previous tenure as a Controller at Beltz, Kes, Darling & Associates required similar strategic oversight, with additional responsibilities like conducting annual audits and supporting client financing efforts.

With a comprehensive skill set in managing teams and nurturing client relationships, Mike’s leadership is underscored by his high emotional intelligence and communication skills. He manages financial operations, including accounts payable and payroll, with a keen eye for compliance and efficiency. Mike’s consistent application of accounting standards such as GAAP, FASB, and GASB over the past two decades cements his reputation as a detail-oriented and forward-thinking financial strategist. He is a dynamic asset for any entity aiming to refine their fiscal operations and pursue financial excellence.

What Is Financial Analysis?

Financial analysis is the process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.

Key Takeaways:

  • Internal Financial Analysis: Helps fund managers make future business decisions or review historical trends for past successes.
  • External Financial Analysis: Assists investors in choosing the best possible investment opportunities.
  • Types of Financial Analysis: Fundamental analysis uses ratios and financial statement data to determine the intrinsic value of a security. Technical analysis focuses on trends in value over time.

Understanding Financial Analysis: Financial analysis is used to evaluate economic trends, set financial policy, build long-term plans for business activity, and identify projects or companies for investment. This is done through the synthesis of financial numbers and data. A financial analyst will thoroughly examine a company’s financial statements—the income statement, balance sheet, and cash flow statement.

Corporate Financial Analysis: In corporate finance, the analysis is conducted internally by the accounting department and shared with management to improve business decision-making. This includes ratios such as net present value (NPV) and internal rate of return (IRR) to find projects worth executing. Tracking days sales outstanding (DSO) helps companies with large receivable balances identify the length of time it takes to turn a credit sale into cash.

Investment Financial Analysis: In investment finance, an external analyst conducts an analysis for investment purposes. Analysts can either conduct a top-down or bottom-up investment approach. A top-down approach looks for macroeconomic opportunities and then drills down to find the best companies within that sector. A bottom-up approach looks at a specific company’s financial health, analyzing financial statements, products, services, supply, and demand.

Financial analysis is only useful as a comparative tool. Calculating a single instance of data is usually worthless; comparing that data against prior periods, other general ledger accounts, or competitor financial information yields useful information.

Types of Financial Analysis

Financial analysis for equity investments can be categorized into two primary types: fundamental analysis and technical analysis.

Fundamental Analysis

Fundamental analysis involves evaluating financial statements to derive ratios, such as earnings per share (EPS), to assess a company’s value. By analyzing these ratios and considering the broader economic and financial context surrounding the company, analysts can determine the intrinsic value of a security. This intrinsic value is then compared with the security’s current market price to identify if it is undervalued or overvalued.

Technical Analysis

Technical analysis focuses on statistical trends derived from trading activities, like moving averages (MA). This method operates on the premise that a security’s price already reflects all publicly available information. Instead of examining a security’s fundamental attributes, technical analysis aims to predict market movements by identifying patterns and trends in stock prices and volumes.

Horizontal vs. Vertical Analysis

When analyzing a company’s financial statements, horizontal and vertical analysis are two prevalent methods. Both use the same dataset but approach it differently.

Horizontal Analysis

Horizontal analysis involves comparing financial data across several years. One year is designated as the baseline, usually the oldest, and subsequent years’ accounts are compared to this baseline. This method highlights which accounts are growing (e.g., revenue) and which are shrinking (e.g., expenses).

Vertical Analysis

Vertical analysis compares every line item on a financial statement to a specific benchmark, typically net sales. For instance, a company might compare the cost of goods sold, gross profit, operating profit, or net income as percentages of net sales. This analysis helps track how these percentages change over time.

Examples of Financial Analysis

In Q1 2024, Amazon.com reported a net income of $10.4 billion, a significant increase from $3.2 billion in Q1 2023. Analysts can use this data for corporate financial analysis. For example, Amazon’s operating profit margins can be calculated as follows:

  • 2024: $15,307 million operating income / $143,313 million net sales = 10.7%
  • 2023: $4,774 million operating income / $127,358 million net sales = 3.7%

From Q1 2023 to Q1 2024, Amazon’s operating margin increased, indicating the company earned more operating income per dollar of sales.

Why Is Financial Analysis Useful?

Financial analysis is crucial for determining whether an entity is stable, liquid, solvent, or profitable enough to justify investment. It helps evaluate economic trends, set financial policies, develop long-term business plans, and identify viable investment projects or companies.

How Is Financial Analysis Conducted?

Financial analysis is performed in both corporate and investment finance settings. Analysts meticulously review a company’s financial statements, including the income statement, balance sheet, and cash flow statement. A common method is calculating financial ratios to compare a company’s data with that of other companies or its historical performance. In corporate finance, this often involves projecting past performance metrics, like net earnings or profit margins, to estimate future performance.

About Mike Pocrnich: Mike Pocrnich is a finance professional with over 20 years of experience in non-profit accounting, auditing, and financial analysis. He holds a Bachelor’s degree in Accounting from St. John’s University and resides in the Minneapolis metro area.

For more information or to schedule an interview with Mike Pocrnich, please contact:

Mike Pocrnich

https://mikepocrnich.com/

http://www.elementfinancial.com

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Press Release

Structural Repetition: West Red Lake Gold’s New Ore Shoot is Similar to the High-Grade 8-Zone

Published

19 hours ago

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November 27, 2024

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West Red Lake Gold Mines is currently working towards a restart at the Madsen Gold Mine in the Red Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Study (PFS) for the Madsen Mine is targeted for release in early 2025. The WRLG management team projects a mine-restart date in 2025.

Vancouver, BC, Canada, 27th Nov 2024 – Sponsored content disseminated on behalf of West Red Lake Gold. On November 21, 2024 West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) reported additional drill results that define a new ore shoot at the Upper 8 Target following up on the October 2, 2024 intercepts of 44.17 g/t Au over 1.3 meters and 20.63 g/t Au over 0.5 meters.

West Red Lake Gold Mines is currently working towards a restart at the Madsen Gold Mine in the Red Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Study (PFS) for the Madsen Mine is targeted for release in early 2025.  The WRLG management team projects a mine-restart date in 2025.

“Our main objective this year with the surface drill program was to make new discoveries,” Will Robinson, VP of Exploration told Guy Bennett, CEO of Global Stocks News (GSN). “We have been focusing on drill targets generated from our conceptual modeling that possess the geologic potential to produce high grades.”

“The initial results we received from Upper 8 were very encouraging and motivated our team to add a second drill to focus solely on this new high-grade area,” stated Shane Williams, WRLG President and CEO in the November 21, 2024 press release.

“Upper 8 was already a shallow geologic analog to the deeper 8 Zone, but with the exceptional grades and visible gold showings we’re now encountering, this target is becoming truly reminiscent of the high-grade gold mineralization Red Lake is known for,” continued Williams.

“It’s still early days, but we believe the Upper 8 target has the potential to become the next new significant discovery in the Red Lake gold camp and supports the likelihood for the presence of more high-grade deposits like 8-Zone yet to be discovered across the Madsen property.”

“If you compare 8-Zone with Upper 8, you’ll see the structural repetition in the way the mineralisation is oriented in these two shoots,” confirmed Robinson. “Our theory is that we may have one or two more of these zones stacked between Upper 8 and the deeper 8-Zone. Next year, we’ll get back in there with the drill, to test that theory.”

The Upper 8 target is hosted within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the main 8-Zone deposit.

Its location in ultramafic rocks, its style of mineralization, and its exceptionally high grades make the 8 Zone geologically unique from the main Madsen deposit.

The 8 Zone currently contains an Indicated mineral resource of 87,700 ounces @ 18 grams/tonne gold, with an additional Inferred resource of 18,200 oz @ 14.6 grams/tonne gold.

“The size of the Upper 8 shoot that we’ve defined is similar in size and scale to the deeper high-grade 8 Zone,” Robinson told GSN. “The new shoot is 30 meters wide and 130 meters along plunge. We’ve only got 15 or 16 holes in the Upper 8. We are in an early stage of drilling on this target, but I’m encouraged by what we’re seeing. The geology is holding together.”

 

“The Pre-Feasibility Study (PFS) for the Madsen Mine is nearing completion,” stated WRLG in the November 21, 2024 press release. “The final phase of this study involves optimizing underground development and infrastructure sequencing and refining the associated operating and capital costs. West Red Lake Gold is working with SRK Consulting on these optimization opportunities, a process that is expected to take an additional few weeks to complete. As such the PFS is now targeted for release early in 2025”.  

The WRLG Pre Feasibility study will be based on:

1. Real Costing: Operating underground at the Madsen Mine for the last year means West Red Lake Gold understands the real costs for blasting, mucking, and haulage of mined material.

2. Final Engineering: The Madsen Mine is essentially built. With the mine having operated as recently as 2022 and with West Red Lake Gold having studied and remedied many of the issues from that period over the last 18 months, there are very few unresolved engineering questions at Madsen.

3. Detailed Mine Plan: West Red Lake Gold has built a detailed mine design for the first 18 months of operation and intends to have 24 months of definition drilled in-situ mineral inventory defined prior to restart, which is targeted for mid-2025. This level of operational readiness far exceeds what is typical at the PFS stage in most development scenarios.

“Today, a tight labour market has made filling mining jobs harder than ever,” reports the Canadian Mining Journal. “Headhunting has become widespread, negotiations have gotten more complex, and as the industry is experiencing a wave of retirements.”

“Training is extremely important,” Robinson told GSN, acknowledging the challenge. “So are working conditions. We have a beautiful new camp at the mine site. Every room has its own restroom. That’s a perk usually reserved for top brass. A lot of the workforce live locally in Red Lake. But we have diesel mechanics, welders and pipe fitters flying in from other areas. In this tight labour market, the quality of the camp is an important part of worker retention.”

West Red Lake has partnered with Horizon North to provide the 114-person accommodations and mine dry facilities for the Madsen mine site.

Typical Horizon North Facility Built for Canadian Mining Camps

The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [1.] [2.] [3.]

The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”.

Contact: guy.bennett@globalstocksnews.com

Disclaimer: West Red Lake Gold paid Global Stocks News (GSN) $1,500 for the research, writing and dissemination of this content.

Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk. GSN publications may contain forward-looking statements such as “project,” “anticipate,” “expect,” which are based on reasonable expectations, but these statements are imperfect predictors of future events. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.

References:

  1. SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada.
  2. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca
  3. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca

Media Contact

Organization: Global Stocks News

Contact Person: guy.bennett@globalstocksnews.com

Website: https://www.globalstocksnews.com

Email: Send Email

Country: Canada

Release Id: 27112420435

The post Structural Repetition: West Red Lake Gold’s New Ore Shoot is Similar to the High-Grade 8-Zone appeared 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

GFH Launches OUTLIVE in City Scape: An innovative Real Estate Venture rooted in Health & Well-being

Published

19 hours ago

on

November 27, 2024

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Manama, Bahrain, 27th Nov 2024- GFH Financial Group (“GFH”) today announced the launch of OUTLIVE in Cityscape, an innovative real estate developer and creator of master planned communities and mixed-use projects with a focus on health and well-being, which will operate across the MENA region and Europe.

OUTLIVE leverages the combined expertise and capabilities of the GFH Group and its management team with proven expertise in development, design and conceptualization of living communities.  OUTLIVE will operate in Europe and the Mena region with a particular focus on the growing and attractive Saudi as well as the UAE markets where there is strong demand for such focus and need for communities that deliver well-being attributes in addition to physical appeal. 

The venture addresses six key wellness dimensions: Social connection, Environmental stewardship, Physical health, Emotional awareness, Mental engagement, and Spiritual wellness, all working together to create a holistic approach to human wellbeing. 

Commenting, Mr. Hisham Al-Rayes, Chairman of OUTLIVE and GFH Group CEO remarked, “OUTLIVE represents our initiative to create differentiated communities where wellness and sustainability go hand in hand. This venture reflects our commitment to our region by creating unique and differentiated real estate offering.”

Adding, Mr. Walid El Hindi, Board Member and Managing Director of OUTLIVE, said, “This is not just a real estate company – it’s an opportunity to create people-centric communities, fostering connections, and a profound sense of belonging. While sustainability in real estate centers on creating buildings that care for the planet, wellness real estate focuses on crafting places that care for the people.” 

In line with its mission, OUTLIVE is also bringing senior living to the region by developing supportive environments specifically designed for older adults. These premium communities will provide personalized services and foster social connections, promoting a dignified and fulfilling lifestyle catering to seniors.

As OUTLIVE prepares to unveil its ambitious projects, it aims to raise the bar for transformative developments across the MENA region and Europe. 

Media Contact

Organization: Media Scene PR and Translation

Contact Person: Husain Naser

Website: https://mediascenebh.com/

Email: Send Email

State: Manama

Country: Bahrain

Release Id: 27112420464

The post GFH Launches OUTLIVE in City Scape: An innovative Real Estate Venture rooted in Health & Well-being appeared 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

UniJoin Updates Domain Zone to Strengthen Anonymity and Enhance Privacy Features

Published

19 hours ago

on

November 27, 2024

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UniJoin has updated its domain zone to ensure uninterrupted access and enhance user anonymity. The platform utilizes advanced CoinJoin technology, offering tools like a Bitcoin Mixer and Bitcoin Tumbler to anonymize cryptocurrency transactions. Key features include a user-friendly interface, Tor Browser integration, zero logs policy, and high-quality transaction mixing. UniJoin remains committed to empowering users with secure and private financial management in the digital economy.

London, United Kingdom, 27th Nov 2024 – UniJoin has taken a significant step to strengthen user privacy by adopting a new domain name, ensuring uninterrupted access to its services despite previous blocks. The platform leverages cutting-edge CoinJoin technology, designed to anonymize and make cryptocurrency transactions untraceable.

Commitment to Financial Privacy

UniJoin’s primary goal is to help users achieve and maintain financial anonymity. Through CoinJoin, the platform pools users’ crypto assets with others, effectively mixing them. Users then receive clean, untraceable coins, safeguarding their privacy and breaking any traceable links to their original assets.

About UniJoin

UniJoin is a leading privacy-focused cryptocurrency service, offering tools for users to manage their digital finances anonymously. While Bitcoin and other cryptocurrencies like Litecoin are inherently pseudonymous, UniJoin bridges the gap to true anonymity by utilizing advanced mixing technology.

UniJoin simplifies financial privacy while empowering users to analyze and manage their blockchain transaction history transparently. By connecting their wallet address, users can privately review activity with a level of control unmatched by traditional financial systems.

Key Features

  • User-Friendly Interface: UniJoin offers a seamless and intuitive process to switch to “Anonymous mode,” enabling users to conduct transactions without revealing their identity.
  • Tor Browser Compatibility: The platform integrates with the Tor Browser, allowing users to maximize their privacy when accessing UniJoin.
  • Zero Logs Policy: UniJoin prioritizes user privacy by ensuring no activity logs are stored, keeping transaction histories secure and confidential.
  • Advanced CoinJoin Technology: By employing CoinJoin, UniJoin provides a high-quality mixing method that enhances transaction anonymity and untraceability.

Why Choose UniJoin?

UniJoin stands as a robust solution for cryptocurrency users seeking to anonymize their transactions. By combining simplicity, advanced privacy tools, and a commitment to user confidentiality, the platform offers a reliable and secure environment for safeguarding financial privacy.

With its new domain and privacy-enhancing features, UniJoin continues to lead the way in helping users navigate the digital economy securely and anonymously.

 

Media Contact

Organization: UniJoin Co.

Contact Person: Sergei Pavlov

Website: https://unijoin.org/

Email: Send Email

City: London

Country: United Kingdom

Release Id: 27112420453

The post UniJoin Updates Domain Zone to Strengthen Anonymity and Enhance Privacy Features appeared 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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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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