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In the immediate vicinity of many embassies, on a carport at the giant Brooklyn Mall in Pretoria, 9,600 solar modules gleam in the South African sun. juwi started work on the construction of the one-megawatt system at the end of January.

Read more: JUWI COMMISSIONS SECOND INDUSTRIAL SIZE...

The Government of Zambia signed agreements  for a second mandate with Scaling Solar, the World Bank Group program that is helping developing countries procure low cost, privately financed, solar power.

Read more: Zambia Signs Second Scaling Solar Mandate to...

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the Photovoltaic (PV) industry, announced that as the only Chinese company, it was invited to dialogue at The Business 20 (B20) Summit held in Berlin on May 2-3, 2017.

Read more: JinkoSolar Exclusively Invited to Deliver a...

SMA Solar Technology AG successfully continued on its path to more profit and higher cash flow in 2016 and achieved a sales record by selling inverter output of 8.2 GW (2015: 7.3 GW).

Read more: 2016 RESULTS: SMA SOLAR TECHNOLOGY AG...

IFC, a member of the World Bank Group, and fashion retailer, H&M Hennes & Mauritz (H&M), launched a joint partnership to boost the use of clean, renewable energy in the garment sector, while also slashing greenhouse gas emissions.

Read more: IFC and HM Partner to Boost the Use of Renewable...

Larson Electronics LLC, a leading industrial lighting company, announced the release of a new solar panel kit to be added to its catalog of products.

Read more: Larson Electronics LLC Releases A New Bolt-on...

Once 80 Year Rivals, Poyant Signs partners with Beaumont Solar to meet all industry deadlines

Read more: Poyant Signs Moving Forward with Solar in 2017

Originally set up by the London Stock Exchange in 1995 as a platform for small growth companies to gain access to capital, down the years, the success of the Alternative Investment Market (AIM) has made a meaningful contribution to job creation and GDP growth in the UK. Successive governments have remained supportive of AIM, offering incentives such as tax reliefs as a means to stimulate investment and to compensate investors for the higher risks associated with investing in smaller companies.

Although known as the ‘junior market’ of the London Stock Exchange, AIM has matured a lot over the years, with the types of businesses choosing to list on AIM also changing considerably. Back in 2006, companies making an initial public offering through AIM had an average market capitalisation of £17 million. Today, this average is nearer £75 million. Well-known brands such as Hotel Chocolat, Joules and Comptoir Libanais have all floated on AIM in recent months, and it will continue to attract very profitable, successful businesses.

Using AIM portfolios for estate planning

The step change for AIM has been the decision to allow AIM shares to be held in Individual Savings Accounts (ISAs). This meant that for the first time, individual investors could access portfolios of AIM-listed shares within the UK’s most popular tax wrapper. But while traditional ISAs offer valuable tax benefits during an investor’s lifetime, the benefits effectively cease on the death of the ISA holder. ISAs are subject to inheritance tax if the beneficiary is anyone other than their spouse. Unfortunately, many ISA holders may not even be aware that when they die, their ISAs are treated as part of their taxable estate.

Thanks to the 2013 rule change, investors can undertake inheritance tax planning within the ISA wrapper by investing in AIM-listed stocks that are expected to qualify for Business Property Relief (BPR). Shares that qualify for BPR fall outside of the scope of inheritance tax as long as the shares have been held for two years and are still held at the time of death. Therefore, offering investors an estate planning solution within a tax-efficient ISA wrapper has proven very popular. Since we launched the Octopus AIM Inheritance Tax ISA in the same year as the rule change, we’ve opened more than 4,000 portfolios on behalf of investors.

Investment approach

We try to keep our investment approach simple. We aim to create good growth portfolios for clients who have an appetite for equity risk. We look to invest in good, solid, predictable businesses where we have a high degree of confidence that they will deliver. We take a long-term approach. We don't trade in and out of AIM companies, but become long-term ‘co-owners’ as they embark on their growth journey. Of the 47 companies we currently hold within our AIM inheritance tax portfolios, we have been investors in more than half for ten years or longer. The average market capitalisation for our portfolio companies is over £400 million. These are businesses that are quite established. Moreover, some of the risks associated with investing in AIM-listed smaller companies may be managed by taking that long-term horizon, which some people naturally do with our inheritance tax planning investment services.

A number of the companies we invest in have been around for over 100 years, and for good reason. They exist because there is a purpose for them, and they do what they do extremely well. There’s a good chance that these companies will be around for another 100 years, and that's the point. In attempting to manage risk within our inheritance tax portfolios, we aim to find good, successful companies that are proven. We don't want to invest in disruptive new technologies that may or may not prove to be successful – we want to be able to understand what the growth is potentially going to look like.

Are AIM-listed companies concerned over Brexit?

Over recent weeks, we've spent a lot of time talking to the companies in which we're invested. ‘Brexit’ has been the main focus of media attention in the UK since the outcome of the European Union referendum was announced in June. However, what you’re reading in the newspapers is not what we're hearing from the businesses themselves.

Recent trading statements from the companies we invest in have confirmed that management teams remain confident about future prospects. Around 50% of the companies in our AIM inheritance tax portfolios earn more than half of their earnings overseas, so the recent weakness in sterling has been a benefit. The more domestically based companies in the portfolio are more defensive in nature – for example, CVS Group (veterinary surgeries), Young & Co Brewery (freehold pubs), Restore (document storage) and Renew Holdings (engineering services). In addition, equity markets have continued to operate effectively despite the increased uncertainty. GB Group and Restore have raised £25 million and £35.2 million, respectively, in recent weeks in order to complete earnings-enhancing acquisitions.

Assessing the risks of AIM

It’s important to be upfront about the risks associated with investing in AIM-listed companies. Capital is placed at risk and investors may lose money. In addition, the shares of companies listed on AIM can be more volatile, which means their value can fall or rise by greater amounts on a day-to-day basis. No matter how well an investment or market might have performed in the past, this is not a guide to its future returns.

There are also specific risks around BPR-qualifying investments. Not every AIM-listed company will qualify for relief, and changes in a company’s trading activities or composition could mean it ceases to qualify for BPR in the future. It’s important to understand that inheritance tax exemption is assessed by HM Revenue & Customs on a case-by-case basis when an investor dies. Until this happens, it cannot be stated for certain that a particular company, or even a portfolio of companies, will qualify for BPR.

Summary

The Smaller Companies team at Octopus manages approximately £920 million of assets across several AIM-focused mandates, and it has been managing BPR-qualifying AIM portfolios for more than a decade. During this time, our investment approach has remained constant. We’ve witnessed AIM’s maturation, attracting larger, more established companies looking to list. This means that for us, the pool of potential investments – profitable, established, dividend-paying growth companies – has perhaps doubled compared to five years ago.

We will continue to focus on high-quality growth companies demonstrating characteristics that suit the AIM inheritance tax mandate. Companies with high levels of recurring revenue, companies with a niche or proprietary product or service and companies with a predictable roll-out plan are well suited to delivering consistent earnings and dividend growth over a number of years.

Press Statement by Prime Minister during the State visit of Prime Minister of Mauritius to India (May 27, 2017)

Your Excellency Prime Minister Pravind Jugnauth

Members of the media

Ladies and Gentlemen,

It gives me great pleasure to welcome Prime Minister Pravind Jugnauth and his delegation to India. We are truly honoured, Excellency, that you have chosen India for your first overseas visit after taking on the new responsibility as Prime Minister of Mauritius earlier this year. Your visit reflects the depth of our ties that have endured and enhanced over two centuries. And, our bonds are not limited to Governments. They extend to our people and societies who take pride in our shared roots. Our bonds have flourished despite time and distance. Today, they weave a rich tapestry of friendship in diverse areas.

Friends,

My discussions with Prime Minister Jugnauth have been warm and productive. Our conversation reminded me of my own memorable visit to Mauritius in March 2015. That visit, which was my first to the Indian Ocean region, gave us a robust agenda for cooperation. It also underscored the commonality of our values, interests and efforts.

Friends,

Today, we have taken another leap in our bilateral agenda. As frontline states of the Indian Ocean, Prime Minister Jugnauth and I agree that it is our responsibility to ensure collective maritime security around our coasts and in our EEZs. We agree that effective management of conventional and non-conventional threats in the Indian Ocean is essential to pursue economic opportunities; protect the livelihood of our communities, and provide security to our people. And, for this India-Mauritius cooperation is very very important.

We have to keep up our vigil against :

• Piracy that impacts trade and tourism;

• Trafficking of drugs and humans;

• Illegal fishing, and

• Other forms of illegal exploitation of marine resources

The conclusion of the bilateral Maritime Security Agreement today, will strengthen our mutual cooperation and capacities. We have also agreed to further strengthen our wide-ranging cooperation in hydrography for a secure and peaceful maritime domain. India is supporting the National Coast Guard of Mauritius in augmenting its capacity through Project Trident. We have also taken a decision to renew the life of the Coast Guard Ship Guardian, that was provided to Mauritius, under a grant assistance programme.

Friends,

A strong developmental partnership with Mauritius is a hallmark of our engagement. India is proud to participate actively in the ongoing development activities in Mauritius. The agreement today on a 500 million US dollars Line of Credit from India to Mauritius is a good example of our strong and continuing commitment towards the development of Mauritius. It will also help in the implementation of priority projects. Prime Minister Jugnauth and I welcome the progress in ongoing projects. India will extend full support for the timely execution of projects identified between our countries. Projects that will vitalize the economy of Mauritius and mark a qualitative transformation in our relations. In our discussions, we also focused on increasing skill development cooperation with Mauritius. It is an active part of our present interaction under India’s multiple capacity building programme with Mauritius. We are happy to further deepen our exchanges in this domain.

Friends,

We applaud the leadership shown by Prime Minister Jugnauth in drawing attention to the importance of renewable energy. The signing and ratification of the framework agreement on International Solar Alliance by Mauritius has opened up new vistas of regional partnership for both countries in this field.

Friends,

We take pride in this contribution of the Indian-origin community to the national life of Mauritius. To promote our thriving links with the diaspora in Mauritius, India had, in January this year, declared a special carve-out on OCI cards only for Mauritius. Our flag carrier airlines have agreed to enhance their code sharing arrangement to new destinations. This too is expected to lead to greater tourism and people-to-people contacts between our countries.

Friends,

Apart from bilateral issues, Prime Minister Jugnauth and I also exchanged views on a range of regional and global issues. We agreed to continue supporting each other in multilateral fora and cooperate closely on our common challenges and interests. Prime Minister Jugnauth’s visit will contribute to elevating our relationship to new heights on the bed-rock of our traditional links. I thank Prime Minister Jugnauth for his vision and support to our relationship. And I look forward to working closely with him in the coming months as we put into action the decisions we have taken today. Once again, I extend a warm welcome to Prime Minister Jugnauth and wish him a fruitful stay in India.

Thank you.

Thank you very much.

***

AKT/SH

Read more: Press Statement by Prime Minister during the...

Government focused on Integrated Development & Inclusive Growth

DD committed to provide truthful information & wholesome entertainment to people - Venkaiah Naidu

I&B Minister releases 14 short films produced by Doordarshan on success stories of various Flagship schemes of the Government

 

 

Shri M. Venkaiah Naidu, Minister for Information & Broadcasting has said that the focus of the Government under the leadership of Prime Minister has been on Integrated Development, Inclusive Growth and Good Governance. The Government in the last three years had taken various initiatives for the welfare of the people ensuring Sabka Saath Sabka Vikas. The 14 Short Films produced by Doordarshan showcased the success stories under various Flagship Schemes of the Government which had positively impacted people’s lives and had brought a transformational change in the country. The films have successfully portrayed the underlying development narrative through testimonials from the beneficiaries at the field level all across the country.  The Minister mentioned this while releasing the 14 short films produced by Doordarshan on various flagship schemes of the Government here today.

 

 

http://pibphoto.nic.in/documents/rlink/2017/may/i201752702.jpg

 

Speaking further, Shri Naidu said that these films would be showcased on all Doordarshan channels in Hindi and all other Indian languages with the purpose to motivate and inspire others also to use the benefits under various Flagship Schemes of the Government.  These films would also be used by all other Media units of the Ministry of I&B to enhance outreach across media platforms. Shri Naidu also mentioned that Ministry of I&B would be facilitating the outreach programmes of the Government through MODI (Making of Developed India) fests all across the country along with its media units.

            Speaking on the Freedish initiative of Doordarshan, Shri Naidu said that DD Free Dish was the largest free DTH Service available to the people in the country.  As per the recent estimates it has reached more than 22 million homes.  The Government has planned to further enhance the reach of DD Free Dish by distributing Free DD DTH boxes in the remote and interior areas of the country through State Governments, especially in the LWE impacted areas.  He also mentioned that the Ministry would be giving 10,000 DTH boxes to the Government of Chattisgarh for distribution in the LWE areas.

            The following themes have been covered in the short films produced by Doordarshan.

1.      Mission Indradhanush

2.      Pradhan Mantri Fasal Bima Yojna and Soil Health Card

3.      Sabka Saath Sabka Vikas

4.      Pradhan Mantri Mudra Yojana

5.      Skill India

6.      Beti Bachao Beto Padhao

7.      Pradhan Mantri Krishi Sinchai Yojna

8.      Kaushal Bharat Kushal Bharat

9.      Pradahn Mantri Jan Dhan Yojna

10.     National Solar Mission under Ujjwal Bharat

 

            Shri Naidu also highlighted that Doordarshan would be organising a Sports Conclave tomorrow i.e. 28th May, 2017 at its studios at Asiad Village New Delhi. Leading sports personalities, sports federations, editors from various sports magazines and newspapers would be participating in live discussions. DD sports would connect live with Varanasi, Guwahati and other places to interact with local players and State Authorities. The conclave would discuss the future of Indian sports and policy interventions required for India to become a formidable force.

 

CP/GV

Read more: Government focused on Integrated Development &...

Originally set up by the London Stock Exchange in 1995 as a platform for small growth companies to gain access to capital, down the years, the success of the Alternative Investment Market (AIM) has made a meaningful contribution to job creation and GDP growth in the UK. Successive governments have remained supportive of AIM, offering incentives such as tax reliefs as a means to stimulate investment and to compensate investors for the higher risks associated with investing in smaller companies.

Although known as the ‘junior market’ of the London Stock Exchange, AIM has matured a lot over the years, with the types of businesses choosing to list on AIM also changing considerably. Back in 2006, companies making an initial public offering through AIM had an average market capitalisation of £17 million. Today, this average is nearer £75 million. Well-known brands such as Hotel Chocolat, Joules and Comptoir Libanais have all floated on AIM in recent months, and it will continue to attract very profitable, successful businesses.

Using AIM portfolios for estate planning

The step change for AIM has been the decision to allow AIM shares to be held in Individual Savings Accounts (ISAs). This meant that for the first time, individual investors could access portfolios of AIM-listed shares within the UK’s most popular tax wrapper. But while traditional ISAs offer valuable tax benefits during an investor’s lifetime, the benefits effectively cease on the death of the ISA holder. ISAs are subject to inheritance tax if the beneficiary is anyone other than their spouse. Unfortunately, many ISA holders may not even be aware that when they die, their ISAs are treated as part of their taxable estate.

Thanks to the 2013 rule change, investors can undertake inheritance tax planning within the ISA wrapper by investing in AIM-listed stocks that are expected to qualify for Business Property Relief (BPR). Shares that qualify for BPR fall outside of the scope of inheritance tax as long as the shares have been held for two years and are still held at the time of death. Therefore, offering investors an estate planning solution within a tax-efficient ISA wrapper has proven very popular. Since we launched the Octopus AIM Inheritance Tax ISA in the same year as the rule change, we’ve opened more than 4,000 portfolios on behalf of investors.

Investment approach

We try to keep our investment approach simple. We aim to create good growth portfolios for clients who have an appetite for equity risk. We look to invest in good, solid, predictable businesses where we have a high degree of confidence that they will deliver. We take a long-term approach. We don't trade in and out of AIM companies, but become long-term ‘co-owners’ as they embark on their growth journey. Of the 47 companies we currently hold within our AIM inheritance tax portfolios, we have been investors in more than half for ten years or longer. The average market capitalisation for our portfolio companies is over £400 million. These are businesses that are quite established. Moreover, some of the risks associated with investing in AIM-listed smaller companies may be managed by taking that long-term horizon, which some people naturally do with our inheritance tax planning investment services.

A number of the companies we invest in have been around for over 100 years, and for good reason. They exist because there is a purpose for them, and they do what they do extremely well. There’s a good chance that these companies will be around for another 100 years, and that's the point. In attempting to manage risk within our inheritance tax portfolios, we aim to find good, successful companies that are proven. We don't want to invest in disruptive new technologies that may or may not prove to be successful – we want to be able to understand what the growth is potentially going to look like.

Are AIM-listed companies concerned over Brexit?

Over recent weeks, we've spent a lot of time talking to the companies in which we're invested. ‘Brexit’ has been the main focus of media attention in the UK since the outcome of the European Union referendum was announced in June. However, what you’re reading in the newspapers is not what we're hearing from the businesses themselves.

Recent trading statements from the companies we invest in have confirmed that management teams remain confident about future prospects. Around 50% of the companies in our AIM inheritance tax portfolios earn more than half of their earnings overseas, so the recent weakness in sterling has been a benefit. The more domestically based companies in the portfolio are more defensive in nature – for example, CVS Group (veterinary surgeries), Young & Co Brewery (freehold pubs), Restore (document storage) and Renew Holdings (engineering services). In addition, equity markets have continued to operate effectively despite the increased uncertainty. GB Group and Restore have raised £25 million and £35.2 million, respectively, in recent weeks in order to complete earnings-enhancing acquisitions.

Assessing the risks of AIM

It’s important to be upfront about the risks associated with investing in AIM-listed companies. Capital is placed at risk and investors may lose money. In addition, the shares of companies listed on AIM can be more volatile, which means their value can fall or rise by greater amounts on a day-to-day basis. No matter how well an investment or market might have performed in the past, this is not a guide to its future returns.

There are also specific risks around BPR-qualifying investments. Not every AIM-listed company will qualify for relief, and changes in a company’s trading activities or composition could mean it ceases to qualify for BPR in the future. It’s important to understand that inheritance tax exemption is assessed by HM Revenue & Customs on a case-by-case basis when an investor dies. Until this happens, it cannot be stated for certain that a particular company, or even a portfolio of companies, will qualify for BPR.

Summary

The Smaller Companies team at Octopus manages approximately £920 million of assets across several AIM-focused mandates, and it has been managing BPR-qualifying AIM portfolios for more than a decade. During this time, our investment approach has remained constant. We’ve witnessed AIM’s maturation, attracting larger, more established companies looking to list. This means that for us, the pool of potential investments – profitable, established, dividend-paying growth companies – has perhaps doubled compared to five years ago.

We will continue to focus on high-quality growth companies demonstrating characteristics that suit the AIM inheritance tax mandate. Companies with high levels of recurring revenue, companies with a niche or proprietary product or service and companies with a predictable roll-out plan are well suited to delivering consistent earnings and dividend growth over a number of years.

In times when EPC space in solar Industry is consolidating every year, few are creating their niche. Ilios Power, a 7 year old company founded by IIT Alumni has been offering EPC services for Solar PV developers all over the country. Their most recent utility scale project, was of 12.5 MW capacity, for Cybercity Builders and Developers which was commissioned in a record time of 60 days. 

Read more: Ilios Power commissions 12.5 MW for Cybercity...

Tata Power, India’s largest integrated power company, has continuously strived to uplift the lives of its communities living around its plant and project locations.

Read more: Tata Power's subsidiary, Industrial Energy...

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has supplied 23MW of high-

Read more: JinkoSolar Supplies 23 MW of Solar Modules to...

For AlsoEnergy, the top selling independent monitoring provider for commercial PV in North America, this partnership is an opportunity to extend international coverage for sales and support.

Read more: AlsoEnergy Partners with Survey Digital for...

High voltage switchgear to support Saudi Arabia’s first integrated solar and natural gas power plant

Read more: ABB to Support Integration of Solar Energy in...

The twin-island state Antigua and Barbuda has taken a leading role in terms of clean energy supply in the Caribbean.

Read more: Installation of solar solutions on Jumby Bay...

Tamarugal Solar Project in the Tarapacá region will provide reliable, non-intermittent electricity from solar energy 24-hours a day 

Read more: SolarReserve Receives Environmental Approval for...

SolarXXL is an already well known and successful company for photovoltaics in Europe.

Read more: SolarXXL discloses new markets in South America
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