Uber Investors Are Wary as It Rides Into the Helicopter Business - Fortune

Uber Investors Are Wary as It Rides Into the Helicopter Business - Fortune


Uber Investors Are Wary as It Rides Into the Helicopter Business - Fortune

Posted: 13 Jun 2019 07:00 AM PDT

Really, helicopters?

Some investors were less than thrilled as Uber announced plans to launch a helicopter service called Uber Copter, with rides reportedly commencing July 9. The aerial service will be available to customers with Diamond and Platinum memberships to fly between Lower Manhattan and John F. Kennedy International Airport—setting them back about $200 to $225 for each eight-minute ride.

Still, although the ride-hailing company seemed optimistic about its new airborne service, some investors are concerned about Uber's increasingly long list of unprofitable existing businesses.

Since debuting at $45 per share, Uber stock has fluctuated at a lackluster range compared to volatile counterpart Lyft. And many investors have cause to be concerned over Uber's ever-increasing number of services—one of which are profitable yet.

"It's definitely something that weighs on investor minds," Justin Patterson, an analyst at Raymond James, said. "The most common question we get is 'when will the business turn profitable?' It's still early. You've gone through a period of really intense competition that actually caused those early businesses – Eats and rides – to go from modest profitability to losses. And as the competitive market starts to rationalize, as that incremental investment starts to taper, that's when you should start seeing profitability returns in the business."

Still, going from modest profitability back into the red seems to have many investors on edge. In fact, according to Uber's first quarter earnings report, the company lost some $1.01 million, and the announcement of the helicopter service pushed shares down slightly.

But according to Patterson, Uber isn't taking too big of a chance on the new service.

"The key here is really minimizing the size of the bet in the near term, and leaning in more to it as that business moves more toward broader adoption," Patternson said. "So at this point in time, it's going to be a very small scale bet – not something that is a significant investment for the company."

Small bet or not, some analysts see the integration of Uber Copter to be in-line with the company's business model.

"I think the benefit of Uber overall is that it's a platform, and you can layer on multiple different products and services," Ronald Josey, an analyst at J.P. Morgan, said. "When you think about Uber Copter, it's just another product that can drive more usage and awareness of Uber services overall."

Still, for skeptical investors (and riders), Patterson claims Uber Copter will be a "very, very gradual work out," and that the company still has lots of work to do with safety and scaling before the service is "ready for prime time and mass market adoption."

With some 93 million monthly active platform customers to work with, the ride-hailing company certainly has a lot of users to cater to.

The timing of Uber's new business reveal was not ideal in light of Monday's helicopter accident in New York City that left one dead. But the accident didn't seem to dampen Uber's presentation of the air transportation service at the company's annual Elevate conference in Washington, D.C. on Tuesday.

"Our plan is to eventually roll out Uber Copter to more Uber customers and to other cities, but we want to do it right," Eric Allison of Uber Elevate told the New York Times."The main goal of this initial venture is to understand the operations behind aerial vehicles."

But despite the headlines and hype over the helicopter business, analysts maintain Uber's main focus for the next few months will remain on their core business – namely, their rides and Uber Eats services. "I think that's what we're focusing on – okay, can you get the core ride business to rationality?" Josey said. "Can it be more rational with driver incentives and rider incentives coming down, and if so, how do you then build newer businesses like Eats and other platform companies? Copter is just one example, but that's just New York."

And to Raymond James analysts like Patterson, Uber's helicopter news isn't too consequential yet. "Air is not something that will be a material contributor to the business any time soon, it's one that they're minimizing their investment in, so it's really more of a rides and Eats story for the time being," Patterson said.

Uber shares dropped some 1.2% during the day on Tuesday, closing around 0.42% below the previous day's close.

So far, investors don't appear to be convinced that Uber Copter will be the vehicle that sends the company into the black.

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Small firms to save for old-age medical cover - Business Daily

Posted: 13 Jun 2019 11:51 AM PDT

News

Small firms to save for old-age medical cover

The scheme was introduced last year to promote
The scheme was introduced last year to promote better health care for retirees. FILE PHOTO | NMG 

Small companies and individual businessmen will now have a chance to save for post-retirement medical cover under a new proposal contained in Treasury Secretary Henry Rotich's Budget statement presented in Parliament.

Mr Rotich on Thursday proposed that small-scale businesses, which generally consolidate their retirement benefits under one administrator, will also be allowed to begin making contributions for post-retirement medical funds.

The scheme was introduced last year to promote better health care for retirees.

"Last year, I introduced amendments to allow contributions for post-retirement medical funds in the Occupational and Individual Retirement Benefit Schemes Regulations. I propose to further amend the Umbrella Retirement Schemes Regulations to allow members of the Umbrella Retirement Benefits Schemes to contribute towards Post-Retirement Medical Fund. This will also contribute to the achievement of Universal Health Coverage," Mr Rotich said in his 2019/2020 Budget speech.

Umbrella retirement schemes pool investments that are managed on behalf of multiple employers, an option favoured by small companies who target to reduce the average cost per member while enhancing overall returns and benefits to the employer and employees.

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Cogeneration Equipment: Global Market Insights, 2019 -- Shifting Focus of Research from Cogeneration to Small Scale CHP Systems - ResearchAndMarkets.com - Oklahoman.com

Posted: 13 Jun 2019 04:24 AM PDT

Industrial Cogeneration: The Dominant End-use Application Continue to Spearhead Growth

Fuel Shifts in Industrial CHP in Countries across the World Favor Market Growth

Underpenetrated Commercial CHP Offers Huge Growth Potential

Preferred Solutions for Increased Adoption of Commercial CHP Systems

Third-Party Ownership Schemes

LEED Green Building Program

Buildings with Absorption Chillers: Perfect Candidates for CHP

Packaged CHP Units

Rising Focus on Being Grid-Independent & Self-Reliant Drives Adoption in Healthcare Facilities

Environmental Benefits of Combined Heat and Power (CHP) Plants Bodes Well for Market Penetration

Domestic Targets for Greenhouse Gas Emissions of Select Regions

Countries

Expanding Renewables Share in the Power Generation Mix Spurs Market Demand

Renewable CHP Gain Ground in Newer Application Areas Other than the Traditional Industries

Healthy Growth Projected for Gas Turbines Installations in CHP Plants across the World

Future Gas Turbines to Overcome Current Challenges and Promote Market Growth

Gas Engines & Gas Turbines for CHP: A Comparison

Increasing Installations of Microgrids Lend Traction to Market Growth

Adoption of Packaged CHP Systems Gain Momentum

CHP with Biogas: An Effective Approach to Use Distributed Energy

Bagasse Cogeneration: Enormous Potential in Sugar Producing Countries

Increasing Investments in CHP Plants in the Developing Countries Offer Significant Growth Opportunities

Favorable Demographic and Urbanization Trends Strengthen Market Prospects

Rapid Urbanization: A Mega Growth Driver for Cogeneration Equipment

Key Challenges Hampering Widespread Adoption of Cogeneration Technology

High Capital Investment

Connectivity to Grid

Lack of Interconnection Standards

Environment Related Issues and Unfavorable Regulations

Need for R&D

4. PRODUCT OVERVIEW

Cogeneration: A Prelude

Cogeneration: Historical Perspective

Cogeneration Process

Heat Generation from CHP Units

Heat-to-Power Ratio of Cogeneration Systems

Classification Based on Fuel Source

Classification Based on Applications

Industrial CHP

District Heating and Cooling

Combined Cooling Heat and Power (CCHP)

Packaged and Mini-CHP

MicroCHP

Biofuel Engine CHP plants

Gas Engine CHP Plants

Classification Based on Operating Scheme

Base Electrical Load Matching

Base Thermal Load Matching

Electrical Load Matching

Thermal Load Matching

5. COMPETITIVE LANDSCAPE

5.1 Focus on Select Global Players

5.2 PRODUCT INNOVATION/INTRODUCTION

Tecogen Launches Tecopower Cogeneration Products

5.3 Recent Industry Activity

Siemens Wins a Contract to Develop a Self-Sufficient Smart Grid System

German Agency Wins Contracts for Combined Heat and Power (CHP) Systems

CooperOstlund Completes Peaking Plant Installation in the UK

Sembcorp Acquires UK Power Reserve

Innovative Steam Shuts Down

Bergen Engines Signs a Service Contract for Medium Speed Engines

Siemens Wins 25-Year Service Contract for Cogeneration Plant

Clarke Energy Partners with SOBEGI for CHP Plants

Siemens Receives an Order from Inter Pipeline for SGT-800 Generator Sets

EC Power Partners with Lochinvar to Launch Cogeneration Product

Bird River Resources and Divestco Joined Forces for a Cogeneration Project

Siemens Receives Order for H-Class Gas Turbine

Lochinvar Partners with EC POWER to Launch Cogeneration Product

Vital Energi Wins 5.6m CHP Deal from Berkeley Group

Capstone Expands in Healthcare Market with New CHP Projects

Aalborg CSP Opens Combined Heat and Power Plant in Denmark

Black & Veatch Wins Contract for E.ON's Business Heat and Power Solutions

ETW Energietechnik Delivers SCR Technology to Natural Gas CHP Units

Ansaldo Energia Wins $49m Contract from Shanghai Electric Group

CannTrust Enters into a Long-term Agreement with Envest

Capstone Receives an Order for iCHP Unit in The UK

ATCO to Construct 26 MW Cogeneration Plant in Mexico

Valero Energy to Construct 127m CHP Plant

ATCO and RANMAN Energy to Construct 26 MW Cogeneration Facility

India's Ministry of Power Acquires Edina

Capstone Receives 5.2 MW Order of Clean and Green Microturbines

Capstone Secures Order from Canadian REIT

Capstone to Expand its CHP Business with C1000 Signature Series One MW Unit

HoSt Acquires Eurobiomass

Rolls-Royce Signs a Contract with Tuinbouwbedrijf Marc Pittoors

Capstone Partners with EIC for Retrofitting its Building

Alyaf Gostar Power Plant in Iran Commence its Operation

DHIA Acquires ACT Independent Turbo Service

Capstone Receives an Order for a C1000S and C600S Signature Series Microturbine

Tecogen Enters into an Agreement with WGL Energy to Install InVerde CHP Modules

Turbomach Changes Name to Solar Turbines Switzerland SAGL

Siemens to Construct a New Cogeneration Plant in Berlin

Capstone Receives an Order for Two C1000 Signature Series Microturbines

Boston Medical Center Announces CHP Facility Generates Electricity

Capstone Receives an Order for 30 C65 ICHP Microturbines in the UK

Valmet Enters into Cooperation Agreement with Solar Turbines for Cogeneration Systems

Capstone Receives an Order for a C1000S Microturbine and Two C600S Microturbines

Kohler's Power Group Acquires Clarke Energy

6. GLOBAL MARKET PERSPECTIVE

Total Companies Profiled: 87 (including Divisions/Subsidiaries - 110)

The United States (26) Canada (6) Japan (12) Europe (49) France (2) Germany (11) The United Kingdom (14) Italy (4) Spain (3) Rest of Europe (15) Asia-Pacific (Excluding Japan) (15) Middle East (1) Latin America (1)

For more information about this report visit https://www.researchandmarkets.com/r/27cv6j

View source version on businesswire.com:https://www.businesswire.com/news/home/20190613005329/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Combined Heat and Power (CHP)

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 06/13/2019 07:24 AM/DISC: 06/13/2019 07:24 AM

http://www.businesswire.com/news/home/20190613005329/en

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Student farm offering field day on small farm crop production - Purdue Agricultural Communications

Posted: 13 Jun 2019 09:08 AM PDT

WEST LAFAYETTE, Ind. – The second annual Purdue Small Farm Educational Field Day, set for Aug. 1, will emphasize sustainability in small-scale fruit and vegetable production, in terms of plant health and business management.

Purdue's Department of Horticulture and Landscape Architecture is hosting the event, which targets farmers of small-scale vegetable operations.  This year's field day will run 8:30 a.m. to 3 p.m., and offers 10 educational sessions presented by Purdue agriculture faculty.

"This year our Field Day is again packed with fantastic educational sessions during the morning, followed by hands-on experiences through an array of demonstrations at the Purdue Student Farm," said Petrus Langenhoven, a Purdue horticulture and hydroponic crop specialist who co-organized the event.

The Purdue University Student Farm, featured in the afternoon field day sessions, is a student-run operation that grows vegetables, herbs and flowers. The Student Farm serves as a tool for the education and promotion of responsible growing practices, product marketing and vegetable production.

Session titles and topics are:

* Some Basic Planning Tools for Increasing the Sustainability of Your Farm.

* Testing and Restoring Soils in Urban and Peri-Urban Systems.

* Scheduling Crops in High Tunnels.

* Cover Crop Choices.

* Is your new equipment worth it? A dynamic tool to calculate your profits and return on investment.

* Food Safety Plans and Certification Process for Gardeners.

* Rototiller versus Power Harrow and Seeder Demonstration.

* High Tunnel Tomato and Bell Pepper Production.

* Practical Applications of Leaf Mold Composting.

* Vegetable Wash Station Design.

* Solar Dryers for Postharvest Processing of Fruits and Vegetables.

The educational sessions will take place at the William H. Daniel Turfgrass and Diagnostic Center, 1340 Cherry Lane, West Lafayette. Lunch and afternoon demonstrations will be at the Purdue Student Farm, 1491 Cherry Lane, West Lafayette.

Those interested in attending may register at https://purdue.ca1.qualtrics.com/jfe/form/SV_3qQfl05iryF3COp. The registration fee is $20, with $10 for each additional attendee.

Media Contact: Maureen Manier, (765) 494-8399, mmanier@purdue.edu

Sources: Lori Jolly-Brown, ljollybr@purdue.edu

Petrus Langenhoven, plangenh@purdue.edu

Agricultural Communications: 765-494-8415;

Maureen Manier, Department Head, mmanier@purdue.edu  

Agriculture News Page

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