Latest news with #NVR
Yahoo
2 hours ago
- Business
- Yahoo
Railway needs £180k to get it back on track
A railway said it still has some way to go to refill its financial reserves despite a "fantastic" year of fundraising. Last year The Nene Valley Railway (NVR) launched an urgent appeal to raise £300,000 to keep it running in the face of financial challenges. The railway, which has been running near Peterborough since the 1970s and featured in a 1980s James Bond movie, has since raised £120,000. Chairman Michael Purcell said NVR was "more than just a railway attraction; it's a community of volunteers, a legacy, and a symbol of our industrial heritage." NVR's financial challenges followed a combination of a two-year deficit after the Covid pandemic and an increase in operating costs. A fundraising target was created to refill its reserves, maintain operations, conduct essential repairs and infrastructure upgrades. The heritage railway said it had received grants and donations, but the best way for the public to support it was riding on the train. Mr Purcell said: "We are calling upon all those who cherish the heritage and charm of Nene Valley Railway to join us in this crucial effort. "Your contributions will not only help us weather the current storm but will ensure that the railway can continue to inspire and delight our visitors and volunteers for years to come." The railway runs for 7.5 miles (12km) from Peterborough Nene Valley station, through Orton Mere, Overton station, Wansford - and finishing at Yarwell Junction. NVR has featured in 150 commercials, TV programmes and films, including Octopussy, which starred Roger Moore as Bond. Follow Peterborough news on BBC Sounds, Facebook, Instagram and X. Campaign to save railway backed by train buffs Heritage railway faces 'unprecedented' closure risk Railway in 1980s Bond movie wants more screen roles Nene Valley Railway
Indian Express
2 days ago
- Indian Express
In one of the biggest gold heists in the country, gold worth Rs 52 crore stolen from bank in Karnataka's Vijayapura
In one of the major gold heists reported in the country, thieves in Karnataka fled with gold worth Rs 52 crore from a branch of Canara Bank in Karnataka's Vijayapura district over a weekend last month. Though the theft took place in the Managuli branch of Canara Bank in Vijayapura on May 23, the crime was discovered on May 26 when the staff came back to work. The police are yet to make any arrests in the case. While the thieves decamped with 51 kilogram of gold ornaments, the police have yet to find out about the mode of transport of the loot. On Monday, Laxman Nimbargi, Superintendent of Police, Vijayapura, said it is suspected that the gold ornaments were stolen between 6 pm on May 23 and 11.30 am on May 25. 'We have formed eight teams to nab the accused. It is suspected that 6 to 8 people were involved in the theft,' he added. A police officer said it was a pre-planned theft, and the thieves waited for a long weekend, the second Saturday and Sunday, to commit the crime. The officer said the thief used a fake key to enter the bank, and switched off the alarm. They also switched off the CCTV cameras, and took away the Network Video Recorder (NVR). They only opened the bank lockers, and fled with the gold. The Vijayapura police said that after the theft, the accused kept a black colour doll, making it look like they had performed some ritual at the crime scene. This is not the first time that a bank has been the target of a heist in Karnataka. On October 28 last year, a gang stole gold ornaments worth Rs 13 crore from a branch of the State Bank of India (SBI) in the Nyamathi town in Davanagere district, 325 km away from Bengaluru. The Davanagere police later arrested six people involved in the crime. On January 17 this year, a gang robbed gold worth Rs 12 crore at the Vyavasaya Seva Sahakari Sangha Bank at Kotekar in Mangaluru. The police arrested six people in connection with the heist.
Yahoo
4 days ago
- Business
- Yahoo
Costco Stock Has a Big Price Tag. Some Investors Are Eyeing a Rare Split
Costco's shares finished the week with a price tag over $1,000 apiece, putting them in comparatively rarified company among those of S&P 500 companies. The stock's rise has offered investors a fresh opportunity to wonder whether the company might split its stock—which hasn't happened since 2000. CFO Gary Millerchip in December said that making the shares comparatively cheap is less useful to investors now than in years past because of the availability of fractional shares. Shoppers are fans of Costco's prices. Could the warehouse giant's stock get a smaller price tag, too? That's on some investors' minds lately, with shares of Costco Wholesale (COST) among the most-expensive—on a straightforward price-per-share basis—in the S&P 500: The stock, which closed Friday at around $1,040, was one of a dozen with a four-digit share price. (Topping the list, for those who track such things, was NVR (NVR), shares of which ended the week above $7,000 apiece.) Costco's shares have gotten there in part due to a rise of roughly 25% over the past 12 months, and now there's renewed chatter about whether the company might choose to split the stock. (Stock splits do nothing to the value of a company—broadly, a 10-for-1 split means that instead of one $100 share, you have 10 $10 shares—but they're sometimes taken as a bullish signal.) 'We remain upbeat on the company's ability to gain share going forward and believe shares are positioned for continued outperformance in the current backdrop. Catalysts from here, in our view, include a potential stock split,' Oppenheimer analysts—who have a bullish rating on the shares, along with a $1,130 price target that is above the Wall Street average as tracked by Visible Alpha—wrote late Thursday after Costco reported quarterly financial results. Talk of a Costco split bubbles up from time to time partly because the company rarely does them; it hasn't happened since a two-for-one split in early 2000. Management was asked about splits at the company's January shareholder meeting, with CEO Ron Vachris saying there was 'nothing to report.' The company didn't respond to Investopedia's request for comment in time for publication. CFO Gary Millerchip on a December conference call said that making the shares comparatively cheap is less useful to investors now than in years past because of the availability of fractional shares. 'But we do also recognize that there's a benefit of the stock feeling more affordable for our retail investors and employees who are very important constituents for us," he said. "So we'll continue to evaluate over time.'Read the original article on Investopedia
Yahoo
5 days ago
- Business
- Yahoo
DFH vs. NVR: Which Stock Is the Better Value Option?
Investors interested in Building Products - Home Builders stocks are likely familiar with Dream Finders Homes Inc. (DFH) and NVR (NVR). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Currently, Dream Finders Homes Inc. has a Zacks Rank of #2 (Buy), while NVR has a Zacks Rank of #4 (Sell). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that DFH is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. DFH currently has a forward P/E ratio of 6.47, while NVR has a forward P/E of 17.39. We also note that DFH has a PEG ratio of 2.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NVR currently has a PEG ratio of 3.86. Another notable valuation metric for DFH is its P/B ratio of 1.51. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, NVR has a P/B of 5.33. Based on these metrics and many more, DFH holds a Value grade of B, while NVR has a Value grade of D. DFH stands above NVR thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DFH is the superior value option right now. 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 Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report NVR, Inc. (NVR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Lifestyle
- Yahoo
Lake Norman-area homes with public park, fishing pond approved by town planners
The Huntersville Planning Board endorsed a national homebuilder's plan Tuesday night for a 259-home community east of Interstate 77 that would include land donated for a town park and 10-acre public fishing pond. The board voted 4-2 in favor of a rezoning for the project proposed by NVR Inc., the parent company of Ryan Homes. Three members abstained. The town Board of Commissioners, which has final say, is scheduled to vote on the request June 17. Nine open spaces totaling 23 acres also would include pickleball courts, a recreational field, butterfly gardens, fire pit, dog park, a half-basketball court, a shade structure, splash pad and a playground with swings, Sean Paone, principal of project consultant Bolton & Menk, told the Planning Board. Natural wildlife corridors would cut through the 106 acres east of the intersection of Hambright Road and Everette Keith Road. NVR proposes a mix of housing types: 76 townhomes north of Hambright Road; 75 cottage homes south of Hambright; 99 homes near the southern and eastern parts of the property; and nine larger home lots beside Dogwood Lane, according to NVR's rezoning application . The development would include eight affordable housing units, or those affordable to teachers, police and firefighters. NVR also would extend Hambright Road, its application shows. 'We like to create great communities,' Scott Munday, Charlotte-based general manager of land for NVR/Ryan Homes told the Planning Board. 'We believe this community fits that bill exactly. 'It's highly amenitized, it's highly planned, and we think it would be very attractive to owners,' Munday said. 'And we believe it has a lot of benefits to the town as well.' NVR/Ryan Homes has developed 15 to 20 communities in the Charlotte metro area over the past five years totaling 5,000 lots, and 'each are to this level of detail and plan,' Munday said, referring to Everette Keith Residential. Board members who voted to recommend the rezoning said they liked the amenities and said the development appears to be a good fit with its surroundings. Board members against the rezoning sided with town planning staff concerned that the number of homes conflicts with zoning plans for the area.
