 Ministry secretary of state, issued his own letter of support.
Political analyst Lao Mong Hay said Kheng’s silence left plenty of room for interpretation about his feelings on endorsing Manet.
“The silence means he agrees — or, on the other hand, he is not happy with it,” the analyst said.
Correction: An earlier version of this article stated that Sar Sokha’s letter came after Hun Sen’s speech, but the exact timing is unclear.
Margot Mason, a thinly veiled version of Germaine Greer, has writer’s block following publication of her groundbreaking polemic, The Cerebral Vagina, when in through the French windows steps one of her ex-students—with a gun. This play frequently says the unsayable and gets away with it under cover of the spiraling comedy.
At the end of last year Central Depository Jsc registered an issue of 40,357,440 shares with a face value of 1 lev of the capital of BG Agro Jsc. The company's management intends to offer up to 25% (8,071,488 existing shares) of its capital to investors.
UniCredit Bulbank will be underwriter of the issue. The offering is expected to take place in Q1 of 2008. Profit.bg talked to Nenko Nenkov, chairman of the Board of Directors, about the group's development over the years and about possibilities of capital increases in the near future.
Mr. Nenkov, would you tell us more about the core activity of BG Agro and its subsidiaries?
The core activity of the group is agribusiness. The company controls enterprises which specialize in agriculture, trade with grain and oil-bearing seeds, distribution of fertilizers, storage, shipping and transport.
We control a well-established model of an integrated business system, which allows us to operate a closed production-realization cycle - a prerequisite for fast economic growth and competitiveness.
The BG Agro group has been among the country's top 5 exporters of grain in the past 10 years and has been enjoying an excellent reputation outside the country. We are also in the top 3 of Bulgaria's largest agricultural companies.
The group includes BG Agro Agricultural Company, BG Agro Rastitelna Zashtita, BG Agro Trade Company, BG Agro Skladovo Stopanstvo, Canopus Processing, Bulport EAD and Agri Lab Control.
What is the amount of assets controlled by Bg Agro?
The BG Agro group controls a large logistics network in the grain producing north-eastern region of the country – grain depots, transport vehicles and facilities in the port of Varna, as well as machines and equipment servicing more than 70,000 decare of land, tractors, harvesters, drills, plus laboratory equipment etc.
During the past two years we have invested 12 mln leva in the establishment of two new grain depots equipped with latest technology. Since 1999 we have adopted and been using the highly effective and environmental friendly “direct sowing” know-how.
Why did you decide to debut on the stock exchange?
The decision to go public was a natural result from the group's growing up and development. We are aiming at winning investors' trust and are also eager to see the market value of the group. Raising capital on the stock exchange would also facilitate the future funding of larger projects.
Can you disclose more details around the future listing, such as deadline, issue value (if a general meeting has already approved such), underwriter, and issue size?
BG Agro Jsc is planning a public offering of shares in the year's Q1. The company will offer up to 25% of existing shares to investors on BSE. UniCredit Bulbank has been appointed as underwriter.
What are the company's financial results for 2007 and what are the projected 2008 results?
We expect 2007 net revenue to reach 49.5 mln leva (25.308 mln euros) and profit to come to 3.8 mln leva (1.942 mln euros). In 2006 consolidated revenues amounted to 33.3 mln leva (17.026 mln euros) and profit stood at 1.2 mln leva.
In 2005 sales revenues totaled 35.9 mln leva (18.355 mln euros) and profit was 2.1 mln leva (1.073 mln euros). Our ambition for 2008 is to double the 2007 results.
Can you tell us more about your 2008 investment program?
We are ready with projects for investing in the latest agricultural equipment that require some 4 mln leva. We intend to implement those projects at the beginning of the year with the help pf EU funding via SAPARD. We are also projecting further expansion of our grain depots.
The group's investment for the period 2005 – 2007 topped 13 mln leva.
Are there any plans for a capital increase in the near future?
The company will offer up to 25% of the currently existing shares. We are not planning to offer more shares in the near future. A capital increase is not impossible in the long-term perspective with the view of supporting larger projects, but it is not on our agenda at the moment.Schooling in the Northern Cape were generally off to a smooth start for the 2023 school academic with challenges reported in various Districts. Members of the Executive Council, Members of the Provincial Legislature and Members of Parliament visited schools across the Province to monitor the reopening of schools.
In the main, challenges that were reported relate to Infrastructure needs at schools where work is either incomplete or where the need for school furniture exists, because of an increase in learner numbers at a specific school.
The Department procured mobile classrooms last year for schools where we anticipated a growth in learner numbers. We are currently experiencing a delay in the delivery of school furniture to Kimberley Boys High School, which led to a delay of the return of Grade 8 learners. Currently, these Grade 8 learners are still at home and will only be able to return to school once the furniture has been delivered. We are monitoring the situation very closely and we do hope that the delivery will take place towards the end of this week.
Another challenge which impacted on the return of learners was the situation at Brandvlei Primary School, where the school was damaged towards the end of last year by a storm. The school appointed a contractor to remove the rubble and safeguard the school premises in order to conduct an assessment of the damage. The scope of work was developed and the school is in process of appointing a contractor to repair the damaged infrastructure. We expect the contractor to be on site as from next week so that Grade 4 and Grade 6 learners can return to school.
The Department is busy conducting headcount of learners in preferred schools in the Frances Baard District to determine the available school spaces at these school. Our District office is working tirelessly to place the few outstanding learners towards the end of this week. However, the situation is aggravated by parents who haven’t timeously applied for schooling or demand school spaces at preferred schools where capacity doesn't exist. The Department can confirm that all learners will be placed at a school where school spaces do exist.
The Department will conduct a 10 day snapshot survey following the reopening of schools to address further needs which may arise during this period. The Department will monitor the function of our schools closely and act immediately where our interventions are required.Overcoming the simultaneous absences of Aoki and right fielder Hunter Pence certainly will challenge the Giants. “If we want to be the ball club we want to be, somebody’s going to have to step up,” ace left-hander Madison Bumgarner said. They have men who can accomplish this, if they’re placed in positions to succeed.
Half Baked is a very readable Giants Blog written my favorite SF Giants beat writer Chris Haft. He shares his ideas which most likely are based on some real inside information.
I found the comment from a reader to be very honest and I have to agree with the scenario laid out. This wasn’t easy for me as I am a HUGE Belt fan and I like him at first base. Hunter’s defiantly having a hard time staying healthy this season so getting someone else comfortable out there makes sense. I think Pence will remain the “Preacher of Inspiration” for the Giants in any aspect.
We will have to go with what ever changes are made I am just hoping there isn’t a lot of switching around because I didn’t think it was funny when Abbot & Costello did it.
SAN FRANCISCO — Nori Aoki’s temporary replacement in left field could already be on the active Major League roster, and it isn’t Gregor Blanco or Justin Maxwell.
It’s Brandon Belt.
The Giants might have to tolerate an occasional defensive misplay from Belt, who has vastly more experience at first base than he does in left. But the offensive potential that San Francisco would gain by having Belt in left, Buster Posey at first base and Andrew Susac catching eclipses any other alternative.
Simpler, more obvious options abound: Summoning Juan Perez or Jarrett Parker from Triple-A Sacramento and plugging one of them in a corner outfield spot while Blanco or Maxwell occupies the other. Or, playing Blanco in left and Maxwell in right every day.
Since we understand perfectly the issues people and companies are facing with out sourced development resources, we have find a solution for it which resolves most of the problems during the process.
- Waterfall based project model is so old-school
It doesn’t make any sense to try to define everything before the real users has tested the