Latest news with #TWM
Focus Malaysia
2 days ago
- Business
- Focus Malaysia
JAG not deterred by plunging into the red, views its 1Q FY2025 setback as 'temporary, one-off impact'
A SLOWDOWN in demand from international clients following uncertainty surrounding the US tariff policy announced in early April has taken a toll on JAG Bhd's financial performance for its 1Q FY2025 ended March 31, 2025. For the quarter under review, the ACE Market-listed total waste management company incurred a net loss of -RM6.43 mil from a net profit of RM3.01 mil in the same period last year. Its revenue dwindled 12% year-on-year (yoy) to RM46.47 mil (1Q FY2024: RM52.75 mil). Amid the lack of clarity, customers took a more cautious approach to procurement which resulted in delayed orders during the period, according to JAG's executive director Datuk Ng Meow Giak. Nevertheless, the group views this as a temporary, one-off impact given market sentiment is already showing signs of stabilisation with semiconductor clients resuming typical procurement patterns. 'While 1Q FY2025 was impacted by external headwinds, we remain confident in our ability to deliver a strong rebound,' opined Ng. 'Management guidance for FY2025 remains strong and intact, and we expect the remaining quarters of the year to return to profitability. 'The long-term outlook for the industries we serve, particularly semiconductors and electronics, remain robust. We are focused on building the operational resilience and business agility needed to fully capitalise on these opportunities.' As it is, JAG's Total Waste Management (TWM) segment has continued to show strength and agility. 'We are broadening our revenue streams within TWM, including entry into the oil & gas (O&G) space and tapping into specialised services such as the disposal of scheduled waste, an area that requires licensed handling and technical expertise,' projected Ng. The TWM segment remains the group's primary growth engine. In addition to streamlining operations and refocusing on high-value activities, JAG is enhancing productivity through processing efficiencies, expansion of service scope and diversification into industries with long-term potential. 'As we enter this next phase of growth, we are also taking steps to enhance shareholder value,' envisages Ng. 'Given the strong fundamentals of our core business and the growth trajectory ahead, we are in the process of formalising a dividend policy. This reflects our confidence in the group's performance outlook and our commitment to delivering long-term value to our shareholders.' At the close of today's (June 4) market trading, JAG was up 1 sen or 4.44% to 23.5 sen with 3.17 million shares traded, thus valuing the company at RM 177 mil. – June 4, 2025
Irish Independent
4 days ago
- Business
- Irish Independent
Midlands industrial and logistics lots offer choice of strategic locations
The Athlone property comprises an investment and a development site sale with a €7.5m guide price. The Longford property is available for sale or let seeking offers in excess of €9.75m for sale, or €70 per sqm (€6.50 per sqft) on flexible lease terms. Arrow Capital Partners is reported to be the vendor of the Longford property which comprises a detached high-bay logistics facility. Joint agents TWM and CBRE say the guide price for this former Masterlink Logistics property is well below replacement cost. Extending to 153,614 sqft, the purpose-built warehouse is located on the outskirts of the town and is strategically located in the midlands to suit distribution, warehousing or manufacturing operations serving the whole country. Occupying a substantial 9.44-acre site, the property comprises a warehouse area of 139,225 sqft and two-storey integral offices of 8,580 sqft. The warehouse is of steel frame construction with reinforced concrete flooring and an insulated metal deck roof and it is divided into ambient and bonded sections. It offers a clear nine-metre internal height as well as access via 15 dock levellers and eight grade-level doors. It also benefits from a B2 BER rating. The integral offices provide a mix of open-plan and cellular spaces and include a canteen. In Athlone the combined site area extends to 12.08 acres of which 6.38 acres is let to Heat Merchants Ltd and this letting includes an industrial premises extending to 111,000 sqft. Located on the Moydrum Road, the sale also includes an adjoining but separate 5.7-acre site. Agent Ollie Lyons of JLL says the adjoining site presents further opportunities for development as it is zoned 'employment and enterprise' under the Athlone Town Development Plan 2014-2020 which is the current plan. Heat Merchants supplies heating, plumbing and renewable energy solutions for both domestic and commercial projects. The property is owned by Harleston Ltd, owners of Hevac, a provider of sustainable HVAC systems to the commercial, industrial and high-density residential sectors. The Heat Merchants lease extends to 10 years dating from June 30, 2022 and its current passing rent amounts to €450,000 per annum. Moydrum is an established industrial location just off junction 9 on the N6 motorway and about 1.5kms on the eastern side of Athlone town, Co Westmeath. The property's strategic midlands location, quality tenant profile, attractive yield and development potential is expected to appeal to investors seeking exposure to the industrial market.
Irish Times
4 days ago
- Business
- Irish Times
Former Eir headquarters in Citywest for sale at hefty price cut
Owner occupiers, developers, storage operators and hotel investors will likely be interested in a landmark opportunity in Citywest . The property, which was formerly home to Eir 's headquarters, is coming to the market at €9 million – a sizeable reduction on its 2022 sale price of €37 million. 2022 Bianconi Avenue is one of only four properties in Citywest Business Campus, Dublin , with direct frontage on to the N7 – one of Ireland's busiest arterial routes. The property benefits from a high profile, with the site offering a high profile within a thriving commercial hub. Formerly home to Eir's headquarters – the telecom group opted to move its headquarters from Dublin city centre to the property back in 2018 – this expansive commercial opportunity is now available for sale through TWM with the benefit of vacant possession. The property – which was tenanted at the time – was previously put on the market back in 2022 quoting €37 million. READ MORE As such, the €9 million guide price, equating to €116 per square foot, represents a compelling opportunity, TWM said, at significantly below the estimated reinstatement value. The property comprises a large building extending to 7,198sq m (77,490sq ft) with a Ber rating of C3, set on a generous site extending to 5.76 acres, about (2.33ha), representing a site coverage of 13.31 per cent. The opportunity includes 260 surface-level car-parking spaces, affording an incoming purchaser extensive redevelopment options subject to planning permission. The property is strategically located on the N7 corridor and in close proximity to the Citywest Hotel, with easy access to the N7, the M50 (Junction 9), Dublin city centre and Dublin Airport. The area is well connected for public transport, with two Luas Red line stops nearby and frequent Dublin Bus services (77A, 65B, 69) linking directly to the city centre. Citywest is a location for companies such as Glanbia, Fidelity Investment and SAP, while a number of residential schemes have been developed that have complemented and diversified the area. Robbie Coakley of TWM said: 'With an attractive lot size such as this, we expect to see interest from a wide range of buyers for this asset, including but not limited to owner occupiers, speculative developers, storage operators and hotel-type uses, due to the low site coverage and the diverse uses which can be utilised on this site subject to planning permission.' Coakley added that an added incentive of this sale is the opportunity for an investor to acquire a building at a capital value 'that is considerably lower than the reinstatement cost of the building'.
Irish Times
28-05-2025
- Business
- Irish Times
Arrow Capital Partners seeks €9.75m for Longford logistics facility
Arrow Capital Partners, the specialist investor, developer and manager of real estate in Ireland, Europe and across the Asia-Pacific region, has retained TWM and CBRE as joint agents for the former Masterlink Logistics facility in Longford. The property is available for sale with the benefit of vacant possession at a guide price of €9.75 million, or to let on flexible lease terms at €70 per square metre (€6.50 per square foot). Positioned on a 9.44-acre site on the outskirts of Longford town, the building comprises a detached high-bay warehouse of 12,933.73sq m (139,225sq ft) and two-storey offices of 797.16sq m (8,580sq ft). The warehouse is of steel-frame construction with reinforced concrete flooring and an insulated metal deck roof and is divided into ambient and bonded sections. It has a clear internal height of 9m, with access via 15 dock levellers and eight grade-level doors. READ MORE The offices are a mix of open-plan and cellular spaces and include a boardroom and canteen. Internal finishes include plastered and painted walls, suspended ceilings, recessed lighting and a combination of timber and carpet floor coverings. The property has a B2 Ber rating. Commenting on the sale, Sarah Winters of TWM said: 'We expect this asset to attract attention from occupiers, owner-occupiers, and investors, as it is seldom that such a significant development becomes available in the heart of the country. Priced at well below replacement cost, and with limited availability of modern logistics space outside the Greater Dublin Area, this is an opportunity to secure a significant operational facility.' Stephen Mellon of CBRE said: 'There has been no speculative development of such facilities in the midlands since the early 2000s. This refurbished high-bay logistics facility provides a 'ready-to-go' solution for logistics operators seeking space in the region. With a modern build, a high Ber rating of B2, significant parking and circulation areas and a central location near major road networks, this is a superb opportunity for logistics and industrial occupiers to either expand or establish a presence in the midlands.'
Hamilton Spectator
21-05-2025
- Business
- Hamilton Spectator
Global Water Resources Reports Results of Director Election
PHOENIX, May 21, 2025 (GLOBE NEWSWIRE) — Global Water Resources Inc., ('the Company'), (NASDAQ: GWRS), a pure-play water resource management company, announced that the nominees listed in the Proxy Statement, dated April 4, 2025, for the 2025 Annual Meeting of Stockholders ('the Meeting') were selected as Directors of the Company. As of the March 17, 2025 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 24,226,016 shares of common stock were outstanding and eligible to vote. A total of 20,221,941 shares were voted in person or by proxy at the meeting. The results of the vote for the election of the Directors at the Meeting were as follows: In addition, at the Meeting, the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025 was ratified. The results of the vote were as follows: In addition, at the Meeting, approval on an advisory basis, of the compensation of the Company's named executive officers was approved. The results of the vote were as follows: (1) Percentages of total shares voted are calculated based on the number of shares entitled to vote on the applicable proposal and exclude broker non-votes, which are not considered votes cast for Proposals 1 and 3. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water service. The company's service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. Global Water recycles over 1 billion gallons of water annually with 18.1 billion gallons recycled since 2004. The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth. Global Water has received numerous industry awards, including national recognition as a 'Utility of the Future Today' for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks' Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning. To learn more, visit . Company Contact: Michael J. Liebman SVP and CFO Tel (480) 999-5104 Email Contact Investor Relations: Ron Both or Grant Stude CMA Investor Relations Tel (949) 432-7566 Email Contact
