Tag: transition

Buy Nintendo Amidst Business Model Transition (OTCMKTS:NTDOF)

Nintendo (OTCPK:NTDOY) business is poised to benefit from COVID-19. Last quarter Nintendo reported top-line growth of 108% and operating income growth of 576%. These results were even more impressive given there were shortages of Switch throughout the quarter. Despite this strength Nintendo trades at 23x last year’s earnings (excluding cash), while on track for significant earnings growth likely for 2020. Still with the Switch entering its fourth year, should investors be cautious adding during the peak of the cycle?

Price Performance:

Source: Koyfin

Hardware

Concerns around Switch units are likely overdone for a few reasons. First, the Switch platform converged the home console and portable form factors. With the launch of Switch Lite, the installed base opportunity for growing in portable is underappreciated. The average sales for Nintendo home consoles is 47M and portables 108M. Below is a historical distribution of console sales by platform.

Nintendo Hardware Unit Sales:

Source:

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Smaller Operators in Africa See That Energy Transition is ‘Good Business’ and to Use Their Position of Agility to Make the Right Changes Now

Participating in an online ADIPEC Energy Dialogue Webinar, Chikezie Nwosu, CEO of WalterSmith in Nigeria, a world class integrated energy solutions provider said that although the oil and gas industry has previously experienced similar shocks to supply and demand, the impact of the COVID-19 pandemic is being felt over a much shorter period and far more aggressively than before.

“The COVID-19 pandemic has clearly shown us that oil price is not in control of any oil and gas company or country, as even the largest oil-producing countries such as Saudi Arabia and Russia are ill-equipped to adjust to what we are experiencing today,” Nwosu explained. “The focus for companies now is to control their costs to ensure business continuity for when the oil prices eventually recover. This can be done by continuing with the structural costs changes that were made during the pandemic.”

However, Nwosu warns that bad

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ADIPEC: Smaller Operators in Africa See That Energy Transition is ‘Good Business’ and to Use Their Position of Agility to Make the Right Changes Now

ABU DHABI, UAE, Sept. 16, 2020 /PRNewswire/ — The oil and gas industry has been impacted severely due to the COVID-19 pandemic; however, with the industry now actively embracing the digital transition and moving to new grounds to sustain itself, business continuity amidst the current downturn has a pivotal role to play. 

Participating in an online ADIPEC Energy Dialogue Webinar, Chikezie Nwosu, CEO of WalterSmith in Nigeria, a world class integrated energy solutions provider said that although the oil and gas industry has previously experienced similar shocks to supply and demand, the impact of the COVID-19 pandemic is being felt over a much shorter period and far more aggressively than before.

“The COVID-19 pandemic has clearly shown us that oil price is not in control of any oil and gas company or country, as even the largest oil-producing countries such as Saudi Arabia and Russia are ill-equipped

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Mali opposition opposes junta proposal on transition period

Divisions deepened between Mali’s military coup leaders and the country’s political opposition movement on Sunday after the ruling junta announced a plan that would allow a military leader to oversee an 18-month transitional period.

While the two sides initially were united in wanting the departure of former President Ibrahim Boubacar Keita, their paths have increasingly diverged since he was deposed in an Aug. 18 coup after months of street demonstrations by the opposition.

On Sunday, the opposition coalition known as M5-RFP publicly objected to the junta’s plan, which was announced Saturday after three days of talks on Mali’s political future.

“The final document read at the closing ceremony was not consistent with the deliberations of the various groups, including the majority choice of a transition led by a civilian,” the M5-RFP statement said.

The junta proposed that the transition be led by either a military or civilian leader, which leaves

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