SemiLEDs Q4 Net Loss Widens Sequentially, Revenues Flat – Quick Facts

Two dogs die in house fire in Bennett on Thanksgiving, home is uninhabitable – The Denver Post

BENNETT, Colo. — A Bennett home is uninhabitable after a house fire on Thanksgiving.

The call came in at 4:40 p.m. for a fire at a home on E. 56th Avenue, according to Bennett-Watkins Fire Rescue.

The fire started outside on the deck and went into the south side of the home.

The owner was out of the home attending a family gathering at the time. No one else was home, but the two family dogs did not survive.

Full story via Denver7

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Caffyns H1 Profit Surges On Revenue Growth; Resumes Dividend

Caffyns plc (CFYN), a motor vehicle retailer in the south-east of the United Kingdom on Friday announced higher profit before tax for the first half-year ended September 30, 2021, in the backdrop of strong revenue growth, particularly the used-car segment. The company, after a gap of two years, decided to pay dividend again.

Profit before tax for the period was 2.3 million pounds as compared to 1.4 million pounds in the previous half year. Excluding items, pre-tax profit was 2.4 million pounds or 72 pence per share as compared to 1.5 million pounds or 55.9 pence per share.

Profit for the period was 1.9 million pounds or 69.0 pence as compared to 1.4 million pounds or 52.3 pence in the first half of the previous fiscal.

The company reported revenue of 110.8 million pounds, a rise from 85.4 million pounds in the previous half year registering a growth of 30 percent.

Operating profit for the half year was 2.95 million pounds versus 2.21 million pounds in the half year ended September 30, 2020.

The Board has also declared an interim dividend of 7.5 pence per ordinary share, after a gap of two years.

Shares of Caffyns plc closed Thursday’s trading at 500 pounds, at same level as previous close.

Gold Jumps On Safe-haven Demand

Gold prices rose more than 1 percent on Friday, as concerns over the spread of a newly identified coronavirus variant boosted the precious metal’s safe-haven appeal.

A weaker dollar and declining U.S. benchmark 10-year Treasury yields also supported gold prices.

Spot gold climbed 1.1 percent to $1,808.05 per ounce, while U.S. gold futures were up as much as 1.4 percent at $1,809.60.

Equities tumbled and the 10-year U.S. yield dropped from 1.63 percent to 1.54 percent, as potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds.

As worries mount over the global spread of new Covid-19 variant that was first identified in South Africa, the U.K. and Israel temporarily suspended flights from six African countries to prevent the spread of the variant.

The variant, known as the B.1.1.529, was found to be different from previous versions and pose great concern, scientists warned.

It has an unusually high number of mutations and the World Health Organization has scheduled a meeting today to assess the new variant.

The new wave of Covid-19 outbreaks in Europe and inflation concerns also added to the global risk-off mood.

Oil Tumbles On Virus Variant Fears

Oil prices plunged on Friday amid fresh demand fears and concerns about oversupply.

Benchmark Brent crude futures fell $4.60, or 5.6 percent, to $77.62 a barrel in European trade.

U.S. West Texas Intermediate (WTI) crude futures were down $5.28, or 6.7 percent, at $73.11 a barrel, after hitting a two-month low during the session.

There was no settlement for WTI on Thursday because of the Thanksgiving holiday.

A new Covid-19 strain discovered in South Africa has raised concerns about the outlook for economic growth and fuel demand.

The EU and UK moved to impose travel restrictions on a group of southern African nations after the discovery of a new coronavirus that scientists say is a concern because of its high number of mutations.

Little is known of the variant detected in South Africa, Botswana and Hong Kong, but scientists said it may be able to evade immune responses or make it more transmissible.

The World Health Organization will hold a “special meeting” today to discuss if the heavily mutated strain will become a variant of interest or a variant of concern.

Investors were also watching China’s response to the U.S. release of millions of barrels of oil from strategic reserves aimed at easing tightness in supply.

OPEC’s advisory body, the Economic Commission Board, expects a surplus of 400,000 barrels per day (bpd) in December, rising to 2.3 million bpd in January and 3.7 million bpd in February if consumer nations went ahead with the release.

SemiLEDs Q4 Net Loss Widens Sequentially, Revenues Flat – Quick Facts

SemiLEDs Corp. (LEDS), a developer manufacturer of LED chips and LED components, reported Friday that fourth-quarter net loss attributable to stockholders was $1.8 million or $0.42 per share, compared to a net loss of $64 thousand, or $0.02 per share in the preceding third quarter.

Revenues for both the fourth quarter and third quarter of fiscal 2021 were $1.4 million.

For fiscal 2021, attributable net loss was $2.9 million or $0.68 per share, compared to a net loss of $544 thousand or $0.15 per share a year ago.

Revenues decreased to $4.7 million from $6.1 million in fiscal year 2020.