Interested in ODX shares? Here’s what you need to know

first_img Omega Diagnostics Group (LSE:ODX) shares have had a wonderful time this year. They have rallied hefty 800% since the start of the pandemic! But how much further can the micro-cap rise from here?ODX shares and their wild rallyAs its name suggests, Omega Diagnostics Group specialises in providing medical testing equipment. As of writing, its market capitalisation is £104m. Although the ODX share price has recently gained a lot, it is still a micro-cap stock. Generally speaking, micro-caps are considered to be speculative investments. But let us look at the reasons for such a wild rally.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…ODX has three operating segments. The first one specialises in allergies or food intolerances. The second department provides HIV testing equipment. The third one manufactures Covid-19 rapid tests. I am sure that the stock has rallied because of the rising demand for these tests. Earlier I wrote about Novacyt, a small biotechnology company, that also sells coronavirus tests. The stock market reacted in a very similar manner to its company rising sales. Novacyt’s other stock fundamentals, however, were quite pathetic.  As I’ve said, micro-caps tend to be risky. At the same time, if you buy a micro-cap with sound fundamentals and a good future, you might end up getting a fortune from a small investment. So, let’s examine ODX shares in a bit more detail.ODX fundamentalsThe results for the year ended 31 March 2020, published on 14 July 2020, weren’t very impressive. Source: Omega Diagnostics Group Overall, in spite of the modest 12% sales rise, the loss for the year increased. Logically, the net cash flow declined too. As can be seen from the numbers above, the company is extremely small.But the most recent news is really encouraging. ODX plans to sell 200,000 new coronavirus tests every week starting in October due to soaring demand. Given the company’s scale and size, it looks like a great revenue boost.Here’s what I’d doAlthough the performance improvement seems impressive, I wonder how sustainable the ODX shareholders’ party will be. There is still plenty of uncertainty regarding the pandemic. My own stance is rather cautiously pessimistic. True, I read a lot of positive news about the development of a Covid-19 vaccine. But it still looks like it will take a long while for a vaccine to be widely available. And even if that happens, it means the demand for Omega’s tests will fall.On the positive side, ODX is well diversified. As I’ve mentioned, the company also specialises in HIV and food intolerance testing equipment. What’s more, it doesn’t focus on one country or one market. When demand for Covid-19 tests does fall, ODX can devote more resources to its other two departments. The good thing is that the Covid-19 tests will provide the company with a great deal more cash than it used to have. So, it will be in a better financial shape to operate after the end of the pandemic.Still, if the demand for coronavirus tests plunges soon, many shareholders will get rid of their ODX shares. It will obviously lead to a sharp fall in the stock price. I’d personally avoid the stock and look for some other small-cap shares instead. Anna Sokolidou | Tuesday, 25th August, 2020 | More on: ODX See all posts by Anna Sokolidou Enter Your Email Address If it’s best-in-class shares you’re looking for, we can surely help you. Interested in ODX shares? Here’s what you need to know Our 6 ‘Best Buys Now’ Shares The high-calibre small-cap stock flying under the City’s radar Image source: Getty Images. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Anna Sokolidou has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

Anglican bishop expresses horror at ISIS killing of Ethiopian Christians

first_img Director of Music Morristown, NJ Assistant/Associate Priest Scottsdale, AZ Family Ministry Coordinator Baton Rouge, LA Submit a Job Listing Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Bath, NC Rector Tampa, FL Featured Jobs & Calls Director of Administration & Finance Atlanta, GA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Canon for Family Ministry Jackson, MS Richard McClellan says: Julian Malakar says: April 22, 2015 at 5:26 pm It is sad that no Islamic group or partners for peace issued any fatwa (statement) saying those killers are not Muslims, not inspired by Muslim holy book Quran to kill Christians, who are about 2 billion in the world. Terrorists are enemy of Islam too. Total situations would have been under control if mainstream Muslims would believe their Allah loves all his people, because He gives natural resources like rain, sunshine etc. to all people, including Christians. We would not see incidents like this one after another.Anglican/Episcopal Church has partnership with Islam and prays together in our Churches, Cathedrals for peace. If Muslim countries would have good intention and believe by their faith that Christian/non-Muslims have right to live; a minority terrorists could not hijack more than 1 billion Muslims’ religion, Islam. Islam is said to be religion of peace and said to be descendant of Abrahamic faith. Abraham, believe to be father of interfaith peace partners including Muslims, was worshiper of God who is love, justice, righteous and merciful. Why could Islam not make mainstream Muslims believers of same God/Allah who loves this world and His people He created whether they believe Him or not? Quran burner pastor in Florida was contained not getting support from mainstream Christians in America. If there is will for majority Muslims in Muslim countries, minority terrorists could not hijack their religion Islam.May God open hearts of our Muslim brothers and sisters to see truth and save Christians from hands of terrorists in this modern age! May souls of martyrs rest in peace with Jesus in Heaven and may God give comfort to bereaved families! Anglican bishop expresses horror at ISIS killing of Ethiopian Christians Rector Martinsville, VA Youth Minister Lorton, VA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Belleville, IL Rector Smithfield, NC AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Comments (2) Rector Collierville, TN Press Release Service The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Washington, DC Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 New Berrigan Book With Episcopal Roots Cascade Books Course Director Jerusalem, Israel Tags Comments are closed. Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Associate Priest for Pastoral Care New York, NY Rector Knoxville, TN Assistant/Associate Rector Washington, DC center_img Africa, An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Albany, NY Rector and Chaplain Eugene, OR Rector Hopkinsville, KY Priest Associate or Director of Adult Ministries Greenville, SC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Associate Rector for Family Ministries Anchorage, AK May 3, 2015 at 11:45 am May the blood and testimonies of these martyrs encourage us still here to press on doing God’s work. If this ever starts to happen to us here in America, Dear Lord give us the courage to die for our faith so that we obtain eternal life in Heaven. Amen. Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Cathedral Dean Boise, ID Rector Pittsburgh, PA Missioner for Disaster Resilience Sacramento, CA Curate Diocese of Nebraska An Evening with Aliya Cycon Playing the Oud: Crossing continents and cultures with the most beautiful instrument you’ve never heard Lancaster, PA (and streaming online) July 3 Curate (Associate & Priest-in-Charge) Traverse City, MI Submit a Press Release Anglican Communion Priest-in-Charge Lebanon, OH Associate Rector Columbus, GA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector/Priest in Charge (PT) Lisbon, ME Rector (FT or PT) Indian River, MI Posted Apr 21, 2015 Bishop Diocesan Springfield, IL [Diocese of Sydney] The Anglican bishop for Ethiopia has hailed as martyrs 28 Ethiopian Christians shot or beheaded in Libya by members of the terrorist group known as ISIS or ISIL.“I have just learned the horrifying news that as many as twenty-eight Ethiopian Christians have been shot or beheaded in Libya by members of the terrorist group known as ISIS or ISIL. This alarming act of violence against those that ISIS calls ‘people of the cross’ comes just two months after twenty-one other Christians – twenty Egyptians and one Ghanian, were beheaded on a Libyan beach.” Bishop Grant LeMarquand said in a letter to be read in Ethopian churches and distributed overseas.LeMarquand is Anglican Area Bishop for the Horn of Africa (Eritrea, Djibouti, Somalia and Ethiopia) and Assistant Bishop of the Diocese of Egypt with North Africa and the Horn of Africa.“It is too early to learn the names of these newest martyrs. It is also too early to know what churches they came from.” the bishop said.The Ethiopian Orthodox Church has more than 30 million members, but there are also many other churches Ethiopia, including at least 15 million Protestant Christians“Personal details about the men who have died may emerge. For now we can note the most important things to be said about these victims. Their names are known to God and they are written in the Lamb’s book of life (Rev 13:8). Their denominational affiliation is no longer of any importance: they are among the unnumbered throng from every nation, tribe, people and language gathered before the throne and the Lamb (Rev 7:9) who have come out of the great persecution (Rev 7:14) and have had every tear wiped away from their eyes (Rev 7:17).” LeMarquand said.In his letter to Ethiopian churches, the Anglican leader also warned against hate. “How are we Christians (those of us in Ethiopia as well as around the world) to react to this most recent atrocity?” he asked.“First, we must look up to God in thanksgiving for the lives of these brothers who loved not their own lives, but followed Jesus in the way of the cross. Second, we must ask for the Holy Spirit to strengthen us to abandon the temptation to hate. Instead we must follow Jesus, who not only suffered death on the cross, but also prayed for his executioners to be forgiven. If we are turned to hatred, the terrorists have won. Finally, we must continue to reach out to a world desperate for the love of Jesus.” the letter says.“Make no mistake, the terrorists who executed these martyrs of Ethiopia have exhibited the worst of human depravity, but they have also revealed their desperate need of a Saviour. The apostle Paul, a great persecutor of the church of God, was turned to love by his experience of meeting Christ on his way to the Syrian city of Damascus. May God use his church to so act and speak of and from the love of Christ that many former or potential persecutors may be turned and have their named written in the book of life.”Immediate support came from Kenya, where Islamic terrorists struck at Easter, singling out Christians and killing 147 students at the Garissa College.“We share with you and the people under your pastoral care the pain of such a great loss.” said Kenyan Anglican Primate Eliud Wabakula, in a message to LeMarquand. “Coming so soon after a similar loss here in Kenya,we are united in your prayer in the faith that we follow the example of our savior and Lord Jesus Christ.” the archbishop said.In Sydney, Archbishop Glenn Davies also sent a message of support.“We mourn with you and the Ethiopian church.  Our hearts are heavy at the suffering caused by such depraved acts.  As the company of martyrs grows, we cry out ‘How Long, O Lord?”.  Be assured we hold you in our prayers at this trying time.” Davies told  LeMarquand. Assistant/Associate Rector Morristown, NJ Featured Events Rector Shreveport, LA Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Submit an Event Listing In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 last_img read more

In case you missed it: The Apopka news week in review

first_img 5 stories that shaped Apopka’s news week:Elections, Corrections, and ReflectionsOpinions differ on City Council about scoreboards at the Northwest Recreation Complex softball fieldsApopka expands summer youth employment program2,305 vote-by-mail and early voting ballots cast in Apopka electionsSplash Pad finally approved Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Save my name, email, and website in this browser for the next time I comment. Share on Facebook Tweet on Twitter Please enter your comment! TAGSWeek in Review Previous articleThe best news of the weekNext articleLet’s Talk About it – Episode 22: The Apopka election finale Denise Connell RELATED ARTICLESMORE FROM AUTHOR You have entered an incorrect email address! Please enter your email address here The Anatomy of Fear LEAVE A REPLY Cancel reply Support conservation and fish with NEW Florida specialty license plate Please enter your name herelast_img read more

Vision Express lose sight of Pudsey’s glasses

Vision Express lose sight of Pudsey’s glasses Howard Lake | 8 December 2000 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis A pair of specially designed Pudsey Bear glasses have not been seen since they were auctioned off for charity on Wednesday 22nd November at a VisionExpress Celebrity Vision fundraising event. There is a reward for the return of the mascot of the BBC Children in Need charity.Find out more from Vision Express. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. read more

Mexico: A year after Javier Valdez’s murder, investigation has stalled

first_imgNews The murder of Valdez, who was gunned down in broad daylight on 15 May 2017 in Culiacán, the capital of the northwestern state of Sinaloa, shocked both Mexico and the international community. A few days after the murder, President Enrique Peña Nieto even promised to provide journalists with more protection. But, a year later, many questions remain unanswered.On 23 April, the Special Prosecutor’s Office for Crimes against Freedom of Expression (FEADLE) announced the arrest of Heriberto “El Koala” Picos Barraza, a Cartel member who had been identified as the driver of the vehicle used in Valdez’s murder.Making the announcement, national security commissioner Renato Sales acknowledged that Valdez was murdered “in connection with his investigative reporting on drug trafficking and organized crime.”The arrest was a significant step forward for the investigation but fell far short of what is needed. The FEADLE had already announced last year that they had also identified the two other persons who had been in the vehicle at the time.One of them, Luis Ildefonso Sánchez Romero, the alleged gunman, was murdered in Sonora in September 2017. But no arrest warrant has been issued for the other person, identified as Juan Francisco N, also known as El Quillo. And, most importantly, that authorities have yet to say anything about the identity of those presumed to have ordered the hit.“We urge the Mexican authorities to redouble efforts to identify all those responsible for this shocking murder and to bring them to justice,” said Emmanuel Colombié, the head of RSF’s Latin America bureau. “The lack of concrete progress as regards the instigators is very disturbing. The FEADLE investigation into this very important case should be exemplary.”Aged 50, Valdez was a veteran journalist who specialized in covering drug trafficking and had written several books, the latest of which, published in 2016, was entitled “Narcoperiodismo” (Narco-Journalism). He was the founder of the weekly Ríodoce and reported for the national daily La Jornada and Agence France-Presse.According to figures issued by Mexico’s National Commission for Human Rights (CNDH), more than 90% of crimes of violence against journalists since 2000 have gone unpunished.Three days of tributes to Valdez and those close to him, in which RSF is joining, began yesterday in Culiacán. RSF and its local partner, Propuesta Cívica, have been assisting the Valdez family in all of their initiatives with the police and judicial authorities, and have been following the investigation. May 13, 2021 Find out more Organisation Reporter murdered in northwestern Mexico’s Sonora state NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say News Help by sharing this information May 15, 2018 Mexico: A year after Javier Valdez’s murder, investigation has stalled News RSF_en Follow the news on Mexicocenter_img MexicoAmericas Condemning abuses Organized crimeImpunityViolence 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies Receive email alerts to go further Seven journalists have been killed in Sinaloa state since 2004 and one disappeared in 2014. With a total of 11 journalists murdered in 2017, Mexico is the western hemisphere’s deadliest country for the media and is ranked 147th out of 180 countries in RSF’s 2018 World Press Freedom Index. MexicoAmericas Condemning abuses Organized crimeImpunityViolence May 5, 2021 Find out more Reports On the first anniversary of Mexican journalist Javier Valdez’s murder, Reporters Without Borders (RSF) calls on the authorities to do everything possible to bring those responsible to justice. The suspected driver of the vehicle used to carry out the killing was finally arrested three weeks ago but much more needs to be done. April 28, 2021 Find out morelast_img read more

City, hospital sales tax revenue climbs

first_img WhatsApp Pinterest City, hospital sales tax revenue climbs Local News Twitter Facebook WhatsApp Twitter By admin – January 10, 2018 Previous articleMan charged with assaulting motherNext articleWindy weather causes mass power outages admin Facebook Pinterest Ector Restaurant Report Logo.jpg Odessa sales tax revenue from the state increased in January for the 12th consecutive month as the local economy continues to grow.The payment from the Texas Comptroller of Public Accounts, announced Wednesday, totaled more than $4.5 million, about a 43.5 percent increase from the same month of last year.A fifth of the city’s sales tax revenue, or more than $914,000, goes to the Odessa Development Corporation for economic development. That leaves more than $3.8 million for the City of Odessa’s general spending fund.The city’s new fiscal year began Oct. 1 with $30.76 million in sales tax revenue budgeted for the general spending fund, but monthly collections have steadily exceeded projections.Collecting greater sales tax revenue than budget writers projected allows city officials to shore up reserve funds and consider projects that had been postponed.Projects could include work on downtown properties owned by the city, many of which are in need of repair and restoration if they are not demolished or sold as-is. The city has acquired more than a dozen properties in recent years.In addition to the city, the Ector County Hospital District also saw another month of growth in sales tax revenue. The district received more than $3.8 million, up about 49.6 percent from the same period of last year.The City of Midland collected a January sales tax check of more than $4.6 million, an increase of about 8.2 percent from the same month of 2017.Statewide, sales tax figures distributed by the comptroller’s office to cities, counties, transit systems and special purpose taxing districts increased 9.5 percent in January compared to the same month last year. The allocations are based on November sales.SALES TAX BY THE NUMBERSCHECKS ISSUED IN JANUARY COMPARED TO THE SAME MONTH OF 2017Alpine: $124,237.23, down 4.84 percentAndrews: $404,296.40, down 8.51 percentBig Lake: $271,066.90, up 71.03 percentBig Spring: $766,890.64, up 12.31 percentCrane: $44,054.33, up 11.82 percentFort Stockton: $469,602.22, up 32.03 percentGoldsmith: $9,013.42, down 85.43 percentGrandfalls: $2,526.11, down 1.84 percentKermit: $221,882.29, up 232.89 percentLamesa: $118,517.38, up 5.73 percentMarfa: $35,474.88, down 3.61 percentMcCamey: $34,070.78, up 11.03 percentMidland: $4,605,590.97, up 8.16 percentMonahans: $55,641.54, down 73.99 percentOdessa: $4,570,991.65, up 43.5 percentPecos: $751,224.14, up 82.13 percentPresidio: $29,810.27, down 12.88 percentPyote: $8,009.08, up 64.77 percentRankin: $17,784.74, down 49.27 percentStanton: $60,096.16, up 13.75 percentToyah: $3,648.58, up 261.08 percentWickett: $17,834.55, up 133.38 percentWink: $47,700.46, up 109.86 percentlast_img read more

Deputy Pringle calls on Justice Minister Alan Shatter to resign

first_img Facebook Pinterest Facebook Twitter WhatsApp Google+ Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest Donegal Deputy Thomas Pringle is amongst a group of eight Independent TDs who say Alan Shatter’s position as Justice Minister is no longer tenable.The group also includes Shane Ross, Mattie McGrath, Catherine Murphy, John Halligan and Roisin Shortall.They say Minister Shatter’s political judgment has been called into question recently.Deputy Thomas Pringle is calling on the Minister to resign:[podcast][/podcast] By News Highland – February 20, 2014 Google+ Newscenter_img Further drop in people receiving PUP in Donegal Deputy Pringle calls on Justice Minister Alan Shatter to resign Previous article“Disappointing” response to PSNI Bloody Sunday investigation appealNext articleFamily of Strabane woman who was found dead 36 years ago receive anonymous letter News Highland Main Evening News, Sport and Obituaries Tuesday May 25th Twitter 365 additional cases of Covid-19 in Republic WhatsApp RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

Acceptance Of A Conditional Offer With A Further Condition Does Not Result In A Concluded Contract: Supreme Court

first_imgNews UpdatesAcceptance Of A Conditional Offer With A Further Condition Does Not Result In A Concluded Contract: Supreme Court LIVELAW NEWS NETWORK5 Jan 2021 9:22 PMShare This – xWhen the acceptor puts in a new condition while accepting the contract already signed by the proposer, the contract is not complete until the proposer accepts that condition, the Supreme Court observed while setting aside a High Court judgment on Tuesday.The bench comprising Justices Navin Sinha and Indira Banerjee observed that the High Court overlooked Section 7 of the Contract Act…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginWhen the acceptor puts in a new condition while accepting the contract already signed by the proposer, the contract is not complete until the proposer accepts that condition, the Supreme Court observed while setting aside a High Court judgment on Tuesday.The bench comprising Justices Navin Sinha and Indira Banerjee observed that the High Court overlooked Section 7 of the Contract Act while upholding dismissal of a suit filed by a tenderer for refund of earnest deposit.Visakhapatnam Port Trust floated a tender for supply of Wooden Sleepers.  M/s. Padia Timber Company submitted an offer, in which it placed a condition that inspection of the Sleepers, as per the requirement of the Port Trust, would have to be conducted only at the depot of the Company. In accordance with the terms and conditions of the tender, the Company deposited Rs.75,000/- towards earnest deposit, along with its quotation. Port Trust, in its reply, said that it had accepted the offer of the Appellant for supply of wooden sleepers at the rate quoted by the Company. It added that the Port Trust agreed that the Inspection Committee would inspect the Wooden Sleepers at the site of the Company, it imposed the further condition that the Appellant would have to transport the Wooden Sleepers to the General Stores of the Port Trust by road, at the cost of the Company and the final inspection would be made at the General Stores of the Port Trust. The company rejected the proposal of the Port Trust and requested that the earnest money deposited by it be returned. The Port Trust, thereafter, filed a suit seeking damages for breach of contract to the tune of Rs.33,19,991/-. The Company also filed a suit claiming refund of earnest money deposited by it with the -Port Trust along with interest @ 24% per annum. The Trial Court found that acceptance of the purchase order was completed as against the Company, when the letter of intent cum purchase order was dispatched from the end of the Port Trust. It was held that the company committed breach of its obligations under a concluded contract with the Port Trust, and thus the Port Trust was entitled to damages. The High Court dismissed the appeals filed by the Company.The issue before the Apex Court in appeal filed by the Company was whether the acceptance of a conditional offer with a further condition results in a concluded contract, irrespective of whether the offerer accepts the further condition proposed by the acceptor. Referring to some earlier judgments on the subject, the bench observed:”It is a cardinal principle of the law of contract that the offer and acceptance of an offer must be absolute. It can give no room for doubt. The offer and acceptance must be based or founded on three components, that is, certainty, commitment and communication. However, when the acceptor puts in a new condition while accepting the contract already signed by the proposer, the contract is not complete until the proposer accepts that condition, as held by this Court in Haridwar Singh v. Bagun Sumbrui and Ors. An acceptance with a variation is no acceptance. It is, in effect and substance, simply a counter proposal which must be accepted fully by the original proposer, before a contract is made.”The Court noted that, in Union of India v. Bhim Sen Walaiti Ram, it was held that If the acceptance is conditional, offer can be withdrawn at any moment until absolute acceptance has taken place. While setting aside the High Court judgment, the bench further said:However, in the facts and circumstances of that case, on a reading of the letter of acceptance as a whole, the Appellant’s argument that the letter was intended to make a substantial variation in the contract, by making the deposit of security a condition precedent instead of a condition subsequent, was not accepted. The High Court also overlooked Section 7 of the Contract Act. Both the Trial Court and the High Court over-looked the main point that, in the response to the tender floated by the Respondent-Port Trust, the Appellant had submitted its offer conditionally subject to inspection being held at the Depot of the Appellant. This condition was not accepted by the Respondent-Port Trust unconditionally. The Respondent-Port Trust agreed to inspection at the Depot of the Appellant, but imposed a further condition that the goods would be finally inspected at the showroom of the Respondent-Port Trust. This Condition was not accepted by the Appellant. It could not, therefore, be said that there was a concluded contract. There being no concluded contract, there could be no question of any breach on the part of the Appellant or of damages or any risk purchase at the cost of the Appellant. The earnest deposit of the Appellant is liable to be refunded.Case: M/s. Padia Timber Company(P) Ltd. vs. Board of Trustees of Visakhapatnam Port Trust [CIVIL APPEAL NO.7469 OF 2008 ]Coram: Justices Navin Sinha and Indira BanerjeeCitation: LL 2021 SC 5Click here to Read/Download JudgmentRead JudgmentSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Company appointed for consultancy on flood relief schemes in Donegal

first_img Pinterest Twitter Google+ Facebook Important message for people attending LUH’s INR clinic Pinterest WhatsApp News, Sport and Obituaries on Monday May 24th Arranmore progress and potential flagged as population grows By News Highland – May 8, 2021 Twitter Google+center_img A company has been appointed to undertake engineering and environmental consultancy services for three flood relief schemes in Donegal.The projects in Ballybofey – Stranorlar, Buncrana – Luddan, and Ramelton are key elements in the flood risk management strategy in place until 2027.Byrne Looby Water Services will begin public consultations in all three areas shortly.Donegal County Council says the project team will assess options based not only on their technical and economic suitability, but also their environmental and social impact.Cathaoirleach Councillor Rena Donaghey is says it is very important that the local communities have their say and become involved in the public consultation process as the flooding solutions are developed. She said this will help shape the design of the schemes that will ultimately protect and safeguard their communities.An initial public consultation will be launched in the coming months to seek the views of the communities of Ballybofey – Stranorlar, Buncrana – Luddan, and Ramelton on flooding and associated environmental issues that they feel need to be addressed as part of the schemes.Chief Executive John McLaughlin says the council has developed a strong working relationship with OPW in the delivery of flood relief schemes in the county, and he looks forward to the successful progression of these three schemes, along with the other flood relief schemes that are already progressing in Castlefin, Burnfoot, Glenties, Downings and Kerrykeel, Lifford and Raphoe. WhatsApp Homepage BannerNews Previous articleTD calls for income threshold for council housing to be raisedNext articleDerry draw with Longford – Ruaidhri Higgins & Jack Malone Reaction News Highland Harps come back to win in Waterford DL Debate – 24/05/21 Facebook RELATED ARTICLESMORE FROM AUTHOR Company appointed for consultancy on flood relief schemes in Donegal Loganair’s new Derry – Liverpool air service takes off from CODAlast_img read more

HSE recruitment freeze hits number of Mental Health staff

first_img Important message for people attending LUH’s INR clinic HSE recruitment freeze hits number of Mental Health staff DL Debate – 24/05/21 Facebook Concerns have been raised about the impact a recruitment freeze in the HSE is having on the number of full-time mental health posts.There were 9,977 posts filled across Ireland last month – just 68 higher than in July 2009.Campaigners say in the last decade, the demand on mental health services has increased but the number of posts has remained relatively staticTwo regions including CHO Area 1, which takes in Donegal, Sligo and Leitrim – have fewer posts now than 10 years reports that an ongoing recruitment freeze has prevented the HSE from filling positions across the health sector, including in mental health. Some people who were offered jobs months ago have still not started work.The latest figures relating to mental health posts were released by the HSE to TD Pat Buckley, Sinn Féin’s mental health spokesperson. He said the static nature of the figures is “particularly alarming”A spokesperson for the HSE has also said the current recruitment controls were considered by the HSE’s Executive Management Team on 13 August last, where the health service’s June 2019 performance was considered.Following that review, the freeze is set to remain in place “until there is satisfactory evidence of traction and delivery of balanced financial plans.” Facebook Pinterest By News Highland – August 31, 2019 WhatsApp News, Sport and Obituaries on Monday May 24th Nine til Noon Show – Listen back to Monday’s Programme Homepage BannerNewscenter_img Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Arranmore progress and potential flagged as population grows Previous articleEfforts to secure support for Mica affected homeownersNext articleDetectives investigating paramilitary-style attack in Derry News Highland Pinterest Twitter Google+last_img read more