Fintech PR
New Amsterdam Invest N.V. presents a profit of € 2 million for the first six months of 2024
AMSTERDAM, Aug. 29, 2024 /PRNewswire/ — New Amsterdam Invest N.V. (the “Company”, or “New Amsterdam Invest”, or “NAI”), a commercial real estate company listed on Euronext Amsterdam, announces its half year results 2024, today[1].
Aren van Dam, ceo New Amsterdam Invest:
“We are proud to present the half year result of 2024 for New Amsterdam Invest. Although the profit includes a revaluation result of € 0.9 million, Company’s operational rental results are in line with previous expectations. For the full year of 2024 we expect a profit before tax (excluding valuation differences) of € 2.2 million.
New Amsterdam Invest wants to position itself as a dividend stock. We aim to meet our financial and quantitative parameters as set out at listing, amongst others a yearly dividend pay-out between 4.5% and 6.5% of the Company’s equity value. As such, the approval by our shareholders on 21 June 2024, to declare our (first) interim dividend 2024 feels like a first milestone for us.
In the second half of 2024 our focus will be unchanged: to optimize our organization and to support the operating performance of the group. As management we are confident to build NAI further.”
Highlights 2024 Half Year
- Rental Income € 4.5 million
- Net Rental Income € 3.4 million
- Revaluation differences € 0.9 million, profit
- Profit before taxes excluding revaluation result € 1.3 million
- Net result attributable to shareholders € 1.9 million; non controlling interest € 0.1 million
- Earning per share € 0.38
- Total investment property € 80 million
- Total Equity 2024HY € 46 million
- Cash from operation € 1.1 million
- Solvency 2024HY: 52.7%
Outlook 2024
For the full year of 2024 NAI expects to continue presenting a profit. The Company is on track. More specific NAI reiterates that its current portfolio should enable it to realize a net rental income of approximately € 6.8 million and a result before tax of € 2.2 million excluding potential impact of revaluation of investment property including transaction costs if such opportunity arises.
Business overview
The results from group companies have been included and consolidated within the Company’s results for the first half of 2024.
The net rental income including service expenses charged amounts to € 3.4 million. The result before taxation amounts to a profit of € 2.2 million, including a revaluation result of € 0.9 million. The financial income and expense of € 1.1 million regards interest expenses on the loans.
Except for Somerset House, there were no significant movements during the half year of 2024 in the occupation of the investment properties. In our 2023 annual report we referred to the financial difficulties of one of our tenants. We also referred to the negotiations about the renewal of the contract with a new tenant and the administrators of the existing tenant. The new lease was signed in March 2024, also resolving the uncertainty that the external appraiser had in determining the value of the investment property as at 31 December 2023. New valuations were carried out in March 2024, which lead to the revaluation difference in Company’s half year result. For the other investment properties, the management board concluded that there was no reason to have a new valuation carried out per 30 June 2024. This will be done per 31 December 2024.
For further details we refer to the Interim Financial Report also published today.
Events after balance sheet date
There have been no relevant events after the balance sheet date.
Annual General Meeting 21 June 2024
The agenda of the AGM included various items, amongst others, the adoption of the annual accounts 2023, the reappointment of BDO Audit & Assurance B.V. as external independent auditor of NAI for the fiscal year ending 31 December 2024, and the approval of the interim dividend 2024. Full details of all voting items have been published on NAI’s website. The full draft minutes of this meeting will be published today as well.
Financial Calendar
- 29 August 2024, publication Interim Financial Report HY 2024.
- 29 August 2024, publication of the Minutes of the AGM on 21 June 2024.
- 16 April 2025, DV annual results 2024 publication.
Interim Financial Statements New Amsterdam Invest first half year 2024
For an overview of the interim financial statements of New Amsterdam Invest for the first half year 2024, we refer to the attached Half Year Report 2024.
About New Amsterdam Invest
New Amsterdam Invest N.V. is a commercial real estate company listed at Euronext Amsterdam with operating companies in the United States and the United Kingdom.
The main objective of New Amsterdam Invest is running commercial activities including the owning, (re-)developing, acquiring, divesting, maintaining, letting out and/or otherwise operating commercial real estate, all in the broadest possible meaning.
All information about New Amsterdam Invest can be found on the company website: www.newamsterdaminvest.com
Disclaimer
Elements of this press release contain or may contain information about New Amsterdam Invest N.V. within the meaning of Article 7(1) to (4) of the EU Market Abuse Regulation.
This press release may include statements, including NAI’s financial and operational medium-term objectives that are, or may be deemed to be, ”forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ”believes”, ”estimates”, ”plans”, ”projects”, ”anticipates”, ”expects”, ”intends”, ”may”, ”will” or ”should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions.
Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect NAI’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to NAI’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.
[1] NAI’s operational activities are as of start of the Business Combination on 2 June 2023. For this reason we do present comparable figures over the first half year 2023.
View original content:https://www.prnewswire.co.uk/news-releases/new-amsterdam-invest-nv-presents-a-profit-of—2-million-for-the-first-six-months-of-2024-302234177.html
Fintech PR
SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition
SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.
SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/seabubbles-accelerates-sustainable-maritime-mobility-with-smartbubble-and-strategic-acquisition-302247900.html
VILNIUS, Lithuania, Sept. 13, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is thrilled to announce the launch of a new digital asset, AgentLayer ($AGENT), on its Launchpool. As a decentralized network for autonomous AI agents, AgentLayer is designed to coordinate and collaborate with human oversight in a permissionless environment. At the heart of this innovation is $AGENT, a new AI currency that powers the Agent Economy on the Base blockchain, enabling the minting, deployment, and swapping of AI assets on-chain. This limited-time staking event will take place from September 13 to September 18, giving BingX users the chance to earn AGENT tokens while discovering the potential of this innovative AI-powered project.
Vivien Lin, Chief Product Officer at BingX and Head of BingX Labs, shared her enthusiasm about the listing of AgentLayer on the Launchpool, highlighting the project’s potential to revolutionize AI-driven technologies. “We believe that AgentLayer represents a significant step forward in how AI agents can collaborate autonomously across industries. This token listing should make it easier for users to engage with this exciting new frontier of decentralized AI, unlocking incredible opportunities for growth and innovation.”
BingX Launchpool is built to provide a seamless and rewarding staking experience for its users. They can deposit or withdraw their staked assets at any time during the event period. Rewards are generated hourly based on random snapshots and automatically credited to participants’ accounts. Once the event ends, the staked assets will be automatically returned to BingX users, ensuring a smooth and risk-free experience.
In this round, participants can stake USDT or BTC, with a total reward pool of 6.5 million AGENT tokens. This Launchpool has a deposit limit, allowing BingX users to stake up to 20,000 USDT in the USDT pool and up to 0.35 BTC in the BTC pool. BingX users can further maximize their rewards by participating in a later staking activity involving AGENT.
The introduction of AgentLayer on BingX Launchpool is part of the exchange’s ongoing commitment to providing users with access to cutting-edge blockchain projects and fostering innovation within the cryptocurrency space. With flexible staking options, automated rewards, and risk-free asset management, BingX continues to enhance user engagement and bring meaningful opportunities to its global community.
About BingX
Founded in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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View original content:https://www.prnewswire.co.uk/news-releases/bingx-lists-agentlayer-on-launchpool-unlocking-new-staking-opportunities-302247667.html
LONDON, Sept. 13, 2024 /PRNewswire/ — ATFX Connect, the trading name of AT Global Markets (UK) Limited (“ATFX”), announces the addition of Non-Deliverable Forwards (“NDFs”) to its product portfolio.
This additional offering will provide the company’s global client base with access to pricing and currency markets in Asia and LATAM.
This significant addition means that ATFX Connect, the institutional arm of AT Global Markets (UK) Limited, can provide its global customer base with enhanced liquidity and transparency across a wider range of products. This reflects increasing demand from its clients for electronic trading capabilities in NDFs, and the ability to automate and offer streaming prices, thus allowing clients to participate more effectively in this space.
Wei Qiang Zhang, the Managing Director of ATFX Connect, shared his excitement about the new addition: “This is a testament to the firm’s unwavering commitment to our global client base. By offering electronic pricing and access to NDFs, we are meeting the evolving needs of our clients. Our focus on automation and real-time streaming prices means greater liquidity and transparency and reflects our dedication to innovation and excellence in serving our institutional clients.”
The electronification of NDFs has become key in the institutional market as demand from the Buy side has transitioned away from voice execution, and market participants now seek a more automated approach, allowing for greater liquidity and transparency when trading. This launch shows ATFX Connect’s commitment to offer clients more dynamic and systematic solutions and reflects its strong partnerships with the LPs, who continue to support ATFX globally.
Get in touch with the ATFX Connect sales team to find out more at www.atfxconnect.com
About ATFX Connect
ATFX Connect is a trading name of AT Global Markets (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. ATFX Connect’s bespoke liquidity offerings are available to institutions, hedge funds, broker-to-broker, family offices, asset managers, and High-Net-Worth Individuals.
ATFX Connect supports institutional clients by providing them with direct market access to liquidity from T1 banks and non-bank providers in Spot FX, Precious Metals, CFDs, and NDFs. In addition, the flexible infrastructure enables ATFX to manage aggregation and pricing and allows integration with any third-party platform.
AT Global Markets (UK) Limited is part of the ATFX Group.
View original content:https://www.prnewswire.co.uk/news-releases/atfx-connect-launches-ndfs-302247641.html
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