Latest news with #ASC
Scottish Sun
5 days ago
- Sport
- Scottish Sun
King Charles up for Royal Ascot revenge after ‘stinker' on day one as ‘fast improving' horse is smashed into favourite
He couldn't have been unluckier on day one ASC ABOUT King Charles up for Royal Ascot revenge after 'stinker' on day one as 'fast improving' horse is smashed into favourite Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) KING CHARLES is back for Royal Ascot revenge after a 'stinker' on day one. The monarch's horse Rainbows Edge has been smashed into 7-2 favourite for the Kensington Palace Stakes at 5.35pm. Sign up for Scottish Sun newsletter Sign up 1 King Charles suffered a 'stinker' on day one when his well-backed horse Reach High got trapped in a pocket and couldn't get out - despite being backed into favourite Credit: Getty King Charles and Camilla looked like they'd be celebrating a Royal success on day one with Reaching High. But the historic horse, bred by his late mum Queen Elizabeth II, suffered a 'stinker' in the closing stages under Ryan Moore. The world's best jockey was trapped in a pocket on the Willie Mullins-trained 11-4 favourite and couldn't get out. It meant one of the biggest gambles of the meeting could finish only ninth in the Ascot Stakes. Rainbows Edge, a four-year-old filly trained by father-son duo John & Thady Gosden, hopefully won't have such problems under two-time champion jockey William Buick. She has been backed in from 9-2 for the mile contest worth £57,000 to the winner. Templegate's verdict on the King's favourite By Steve Mullen (Templegate) There's every chance of a Royal winner thanks to Rainbows Edge who could well be the proverbial Group horse lurking in a handicap. She has earned top weight after an impressive victory over course and distance last time. That was just her fourth run so there should be a lot more to come from William Buick's mount. The big danger looks like being Arolla. This improving daughter of Kingman made a cracking return when second to the smart Jabaara in a Musselburgh Listed race earlier this month and now drops into handicap company off a perfectly fair mark of 100. My fancy stayed on eye-catchingly from off the pace. With the strong gallop expected to suit her hold-up style, she can pounce late under top Irish jockey Colin Keane. And the trainers are in top form after their stable star, Field Of Gold, routed rivals with a devastating victory in the St James's Palace Stakes, the big race on day one. The King, whose only Ascot win was Desert Hero in 2023, is set to attend every day of the five-day festival after The Sun revealed he was surprised at how much he enjoyed the occasion. He had taken over his mum Queen Elizabeth II's stable of horses. She had more than 20 Royal Ascot winners during her 70-year reign. Earlier, Charles had written in the official racecard: "Having experienced the thrill of victory at Royal Ascot ourselves in 2023, we can only wish all those competing this week the very best of luck and that everyone watching has a most enjoyable five days." FREE BETS - GET THE BEST SIGN UP DEALS AND RACING OFFERS Commercial content notice: Taking one of the offers featured in this article may result in a payment to The Sun. You should be aware brands pay fees to appear in the highest placements on the page. 18+. T&Cs apply. Remember to gamble responsibly A responsible gambler is someone who: Establishes time and monetary limits before playing Only gambles with money they can afford to lose Never chases their losses Doesn't gamble if they're upset, angry or depressed Gamcare – Gamble Aware – Find our detailed guide on responsible gambling practices here.
Yahoo
6 days ago
- Science
- Yahoo
Scientists issue warning after making troubling discovery in waters off Antarctica: 'Could be more unstable'
A recent discovery by a team of Australian scientists reveals that an ocean current, which acts as a safeguard by protecting Antarctica from warm water that would otherwise melt the region's ice, is at risk of failing. Relatively little is known about the Antarctic Slope Current (ASC), but scientists do understand its importance in acting as Antarctica's last line of defense from preventing warm water from invading the region. New research that was recently published in Geophysical Research Letters looks at how this current, which acts as a vital barrier, "will respond to changes in wind, heating, and meltwater under climate change." "We found meltwater from Antarctica is speeding up the current, known as the Antarctic Slope Current," the authors of the study wrote in an article for the Conversation, per "And it's set to become even faster by mid-century." "A faster current could be more unstable," added the researchers. "This means eddies of warm water could eat away at Antarctica's ice, posing a major concern for the stability of Earth's climate system." The team of scientists warned that "humanity must act now" to protect this natural buffer, which is helping to keep Antarctica's ice shelves from vanishing. The study's authors point out that in vulnerable low-lying coastal regions, even a minimal sea-level rise of just a few centimeters can double the likelihood of flooding events. Rising sea levels allow saltwater to encroach further inland, contaminating freshwater supplies and impacting crop yields. The Union of Concerned Scientists has linked human activity to rising global temperatures that are melting ice sheets and releasing vast volumes of freshwater into the North Atlantic. This invasion of freshwater is disturbing the delicate balance of ocean circulation patterns and contributing to rising sea levels as the relatively less salty and less dense water takes up more space. A study published in May showed that the Northeastern U.S. experienced up to eight days of flooding annually because of the disruption of the Atlantic Meridional Overturning Circulation. The research concluded that up to 50% of the total flooding events at monitored sites in the Northeast might be tied directly to the weakening circulation. Rising sea levels in Charleston, South Carolina, are making what used to be an occasional nuisance for the coastal city into a more routine disruption for the community, as rising tides bring water into homes and businesses. "Humanity must act fast to preserve the current, by cutting carbon emissions," warned the authors of the study on the changes to the ASC. "When it comes to Antarctica, this action isn't optional—it's the only way to hold the line." Transitioning from dirty energy sources to clean, renewable options is the most effective way to cut carbon pollution that is overheating our planet. Even relatively small changes we can make in our homes can help. Washing clothes in cold water, upgrading to LED bulbs, and unplugging "energy vampires" can have an impact and make a difference. Do you think America does a good job of protecting its natural beauty? Definitely Only in some areas No way I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
6 days ago
- Business
- Yahoo
Ardmore Shipping Corporation (ASC) Is a Trending Stock: Facts to Know Before Betting on It
Ardmore Shipping (ASC) is one of the stocks most watched by visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this shipping company have returned +1.3%, compared to the Zacks S&P 500 composite's +1.7% change. During this period, the Zacks Transportation - Shipping industry, which Ardmore Shipping falls in, has gained 4.2%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Ardmore Shipping is expected to post earnings of $0.24 per share for the current quarter, representing a year-over-year change of -78.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. For the current fiscal year, the consensus earnings estimate of $1.17 points to a change of -58.8%. from the prior year. Over the last 30 days, this estimate has remained unchanged. For the next fiscal year, the consensus earnings estimate of $1.78 indicates a change of +52.1% from what Ardmore Shipping is expected to report a year ago. Over the past month, the estimate has remained unchanged. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Ardmore Shipping is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial. In the case of Ardmore Shipping, the consensus sales estimate of $44.45 million for the current quarter points to a year-over-year change of -48.7%. The $180.69 million and $192.65 million estimates for the current and next fiscal years indicate changes of -33.9% and +6.6%, respectively. Ardmore Shipping reported revenues of $42.96 million in the last reported quarter, representing a year-over-year change of -43.3%. EPS of $0.14 for the same period compares with $0.92 a year ago. Compared to the Zacks Consensus Estimate of $44.23 million, the reported revenues represent a surprise of -2.86%. The EPS surprise was -6.67%. Over the last four quarters, Ardmore Shipping surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period. Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Ardmore Shipping is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Ardmore Shipping. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Online Citizen
7 days ago
- Online Citizen
Authorities prevent $149,000 loss in impersonation scam targeting 55-year-old woman
SINGAPORE: A 55-year-old woman in Singapore narrowly avoided losing $149,000 after falling victim to a scam involving fraudsters posing as government officials. The ruse began with a phone call in May 2025 claiming that her credit card had been misused. The caller, who identified himself as a bank officer, alleged that the woman's credit card had been used for unauthorised purchases in China, the police said in a news release on Tuesday (10 June). When she denied making any such transactions, the call was transferred to another scammer pretending to be a police officer. The fake officer told her she was under investigation for money laundering and threatened her with 60 days' detention if she did not cooperate. Fearing arrest, she followed their instructions and, on 24 May 2025, transferred more than $49,000 to a MariBank account. The scammers falsely assured her that the transfer would not affect her account balance. MariBank, a digital bank owned by Sea Limited, flagged the transaction as suspicious through its monitoring system and immediately alerted the Anti-Scam Centre (ASC). ASC officers quickly intervened, engaged with the victim, and successfully convinced her that she had been targeted by scammers. Swift action by ASC and MariBank led to the recovery of $49,000 and prevented further potential losses of about $100,000. The police urged the public to stay vigilant and adopt precautionary measures, such as enabling international call blocking on mobile devices, activating two-factor or multifactor authentication for online accounts, and using the 'Money Lock' feature on bank accounts to safeguard savings. Members of the public are also encouraged to verify suspicious claims with official sources, such as the ScamShield Helpline at 1799 or the website Personal details—including SingPass credentials, CPF information, internet banking details, and One-Time Passwords (OTPs)—should never be disclosed to unknown parties. Individuals should also closely monitor transaction alerts sent by their banks. Anyone who suspects they have fallen victim to a scam should contact their bank immediately to block unauthorised transactions and make a police report. Suspicious accounts or chat groups should also be reported to the authorities. According to the Singapore Police Force's Annual Scams and Cybercrime Brief 2024, there were 1,504 reported cases of government official impersonation scams last year, resulting in at least S$151.3 million in losses. Victims aged between 50 and 64 formed the largest group, accounting for 28.6 per cent of cases. Scammers primarily contacted victims via phone calls and WhatsApp messages. For more information or assistance, members of the public can visit or call the ScamShield Helpline at 1799.
Herald Sun
11-06-2025
- Business
- Herald Sun
Osborne Naval Shipyard: Incredible transformation of SA's subs hub
First steel will be cut for Adelaide's nuclear-powered submarine project in buildings to be erected later this year after a top-level Osborne shipyard meeting kickstarted the project. In the first major on-site work for the $368bn AUKUS submarine venture, a demonstration facility at Osborne Naval Shipyard will test steel cutting, welding and other key procedures. In a further boost for the program, Defence Minister Richard Marles declared the complicated life extension to the Osborne-built Collins class submarines was 'a challenge that I think we can meet'. Australian Submarine Agency director-general Jonathan Mead said he had chaired a May 29 meeting at Osborne involving UK officials, including Defence Procurement and Industry Minister Maria Eagle. The meeting also included chiefs of all major players, including ASC, BAE Systems Australia, Australia Naval Infrastructure and AUKUS nuclear reactor supplier Rolls-Royce. 'We worked through some of the complex matters. This was not just an information gathering session. We made decisions on facilities down there. We intend to commence build on some of the production demonstration buildings by the end of this year,' Vice Admiral Mead said. 'Investing early into these demonstration facilities will give us confidence that when we commence the build proper, that when we're doing it for the first time, we'll be doing it correctly.' Vice Admiral Mead said this was designed to prevent time being lost during construction if parts, or modules, of the submarines were not fit for purpose. 'We'll cut steel. We'll test out the steel. We'll make sure that the dimensions are exact. We'll build valves, pumps, and other systems, plus piping and welding,' he said. 'We want to make sure that when we when we do our welding proper, that our welds are correct. The demonstration facilities will test out a range of skills and a range of capabilities that we will need in order to commence build proper of the submarine.' Vice Admiral Mead in March outlined plans for a $2bn Osborne transformation into the world's 'most advanced manufacturing centre' for the AUKUS program. Work started in March on a $500m Skills and Training Academy. Mr Marles, who in February labelled the Collins class life extensions a 'technically challenging thing', said up to $5bn would be pumped into the program over the next decade. He said this would 'ensure there is no capability gap until Australia's conventionally armed, nuclear-powered submarines are in service'. The Collins class sustainment program, conducted by ASC at Osborne Naval Shipyard, last December was listed by Defence as a Product of Concern 'to enable enhanced ministerial oversight of this critical capability'. Mr Marles accused the Coalition of ripping money from the Collins class sustainment program run at Osborne by ASC, which he argued 'left Australia with the risk of a significant gap in respect of our submarine capability'. This funding had been restored, he said, to ensure the ageing Collins class submarines remained 'a potent and credible platform for the Australian Defence Force'. 'As I've said previously, there is a challenge in relation to making sure that we are able to properly extend the life of the Collins class. But it is a challenge that I think we can meet,' he said. Mr Marles said more than 150 ASC workers were already training at the United States Pearl Harbor navy base on maintenance of Virginia class nuclear-powered submarines, with this expected to grow to about 200 people by the end of the year. The first ASC workers, from the firm's SA and WA operations, left for Pearl Harbor in mid-2024. Key roles in leading the sustainment of US and UK nuclear-powered submarines at Garden Island naval base, near Perth, are expected to start from as early as 2027. 'The fact that we've got 150 tradespeople in Pearl Harbor right now working on US Virginia class submarines is a proof point that we are investing the resources we need to make sure that we get the skilled workforce required to build and maintain our submarines in the future,' Mr Marles said. Originally published as Osborne again: Adelaide's defence precinct transformed from industrial wasteland to a hi-tech home of ships, subs and steel
