Citigroup’s total exposure to Russia amounts to nearly $10 billion. Citigroup warned generally of a potential hit to its business from escalated tensions between the West and Russia following its invasion of Ukraine.
With $285M of stock bought since August 2021, the Board has approved an increase in the scale of the buy-back program to allow up to a further $700 million to be bought over the next 12 months
BlueScope delivers record underlying EBIT of $2.20Bn, increases on-market buy-back; commences feasibility, analysis on blast furnace reline at Port Kembla
1H22 NPAT of $88 million was ahead of consensus expectations.
We see moderate levels of growth, supported by container volumes and ongoing strength in commodity demand, helping to underpin 3 – 4% EPS growth into FY23 & FY24.
Reece is under Algo Engine buy conditions. 1H22 result was above expectations, with underlying EBITDA increasing 14% to $397m. US performance was a key highlight and we expect 5 -7% EPS growth into FY23.
Polkadot Crytop is now under Algo Engine buy conditions after creating a higher low formation and a pivot low at $14.15.
The price action has been supported by increased buying activaty above the $14.15 pivot low and we now have two trading sessions that have closed above the 10-day average.
Polkadot is an open-source platform that allows for distributed computing. The protocol was adapted by the Ethereum co-founder Gavin Wood and is developed by the Web3 Foundation with the initial implementation by Parity Technologies.
Polkadot’s first token sale closed on October 27, 2017, raising a total of 485,331 ETH (Ether, the currency of the Ethereum blockchain).
Polkadot allows for cross-chain transfers of data or assets, between different blockchains, allowing for cross-chain DApps (decentralized applications) to be built using the Polkadot Network.
The Polkadot network has a primary blockchain named relay chain and many user-created parallel chains called parachains. The beating heart of Polkadot is called the Relay Chain. It is the origin of the network’s shared security and consensus and facilitates cross-chain interoperability. Parachains can be attached to the Relay Chain and used for transaction verification and validation.
4Q Dec 2021: net earnings were $1.8 billion, or $2.39 per diluted share which represents + 44% year over year. Non-GAAP earnings per share were $2.69 or + 29% y/y.
Revenues increased +20.5% year-over-year to $8.1 billion.
Full-year 2021: net earnings were $6.3 billion, or $8.50 per share which represents +74% year-over-year increase. Non-GAAP earnings per share for 2021 were $10.05, or +59 over the comparable 2020 amount. Revenues for the full year 2021 increased 32.0% to $29.5 billion.
Operating cash flow for the full year 2021 was $8.4 billion, representing a 34.5% increase year-over-year
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