Preview 1999 – Tackling the crystal ball

first_imgDavid Tye, chairman of Rugby Estates, suggests an innovative way of improving the fortunes of small quoted companies.As if we were not aware of it, the past 12 months have conclusively shown the vagaries of the property sector on the quoted stage. The dramatic fall in property company values since September, following nothing more than a couple of broking houses issuing pessimistic views of the future, makes one wonder whether the existence of smaller property companies is justified. And even the larger companies – fewer in number – have been shown to be at best lacklustre, and at worst ailing.Quality of management, independence of valuations and attractiveness of stock appear to be of little or no relevance when weighed against the huge discounts to NAV that most property companies are having to suffer. How can it be convincingly argued, with interest rates falling and the outlook for the direct property sector resilient, that our share price should be 35% or more below our NAV of 205p and rising.Though small, a good number of quoted property companies do have a following and they could, or rather should, be encouraged by their institutional shareholders into forging links with these institutions’ direct property arms. These companies would be focused, well managed, probably niche players, operating at the sharp end of the market. They would be able, particularly with gearing, to show good returns, certainly when compared to the returns of the ungeared direct property funds and equities in general.Now is the time to distinguish between those companies that are run-of-the-mill and those that have more to offer. It seems so often that those making the equity investment decisions have little discussion with their counterparts on the direct property side. Surely the indirect property sector would be healthier if there was greater collusion within the institutions. It would surely lead to better performance from the property companies, and, therefore, the institutional shareholder would benefit.Institutional property stock could be transferred in some way into the invested company or placed under the accredited management of the quoted company.Isn’t it time for the investing institutions to overtly support the companies where they have a meaningful shareholding, by adopting this pro-active approach? Compared to direct property investment, it has all the advantages and very few disadvantages.Etienne Thoreau, head of property at Société Générale, has a sneaking suspicion that 1999 could be a good year for bankers. Two main trends will oppose each other in 1999: the historic low interest rate environment and economic slowdown – the combination of these trends will drive the property market.From a UK perspective, I believe that 1999 will be a reasonably active year, particularly during the first half, as interest rates continue to fall, while property yields stay stable or even rise. Investors’ hopes that the economic slowdown in 1999-2000 is less severe than some are forecasting will be balanced by an awareness of the risk of further worldwide financial turmoil.Interest rates nearly everywhere are at their lowest level. Over the past six months the UK five-year swap rate has fallen by 1.1% from 6.75% to 5.65%. This has enabled investors to acquire better-quality properties, as the gap between average property yields and finance rates widens, and to borrow at a higher loan-to-value and amortise a significant level of debt over the term of the loan. We have not seen such an attractive financing environment since late 1993, but this was shortlived as yields fell dramatically.With subdued rental growth and fears of a UK recession, yields are unlikely to fall.The sudden shock we have all experienced over the summer regarding worldwide financial turmoil and redundancies in the financial sector has brought people back to reality and made them realize that if things change, they can change extremely quickly. Economic growth is likely to slow down as a delayed mechanical consequence of the financial crisis between summer 1997 and summer 1998, but the risk of depression is low. Deflation is not depression.The complete about-turn in market sentiment has relaxed somewhat over the last few weeks, as stock markets have recovered and interest rates have fallen. However, in the back of my mind and probably many others, is whether another dip, more severe and longer standing, could occur in the new year, as many investors seek to offload positions in an improved market.From a banking perspective, the introduction of the euro will probably be the most important change. How this translates into a higher level of cross-border property investment is uncertain.On the financing side, however, I predict a good level of activity, as investors take advantage of this arbitrage position. Banks and investors, however, are likely to be cautious on tenant risk and may well steer towards a multi-let building (different tenants and different lease lengths) rather than a single lease to an average-quality – and possibly risky – tenant. Bankers will also be looking at recent retail failures of medium-size companies, such as Craftworld and Essex Furniture, to see whether leases were forfeited and they faced empty units, or the businesses were sold.Most investors are taking a long-term view, with few seeking a trading-type facility. The common strategy is to sit tight over the coming year or two on a property yielding a significant differential between finance costs, waiting for a possible yield shift in 2001/2002. Rental growth – unless the lease is due for a review within the next 6-9 months – does not seem to be high on investors’ agendas.Risk-conscious borrowers and attractive financing conditions – could this be a banker’s dream come true? Phillip Nelson, chairman of Nelson Bakewell, argues that there is a future for a medium-sized surveying firm not owned by a US conglomerate. I may make it a new year resolution not to chuckle when people say that globalisation and co-investment are the keys to future success in property consultancy. They are undoubtedly new dimensions to our business, but they are not surveying’s equivalent of the ‘Third Way’.Certainly property – like most business sectors – is becoming more global. As a firm, while remaining wholly independent, we have responded to this by becoming the UK representative of ONCOR – an international network of consultants that covers 45 countries. Yet globalisation in itself is not the Holy Grail.Since the end of the 1980s, there have been countless predictions about the death of the ‘medium-sized’ surveying firms such as Nelson Bakewell. This spurious focus on headcount rather than quality meant that the property press was filled with theories that in a few years there would only be mega-firms and small ’boutique’ advisers. It just hasn’t happened, and yet we’re getting the same prophecies now with the spin of globalisation and co-investment.While the globalisation of our business has to be acknowledged, I have reservations about co-investment. One of the prime drivers behind the case for co-investment is that it motivates consultants. But I am not convinced that an adviser who has more to gain – or lose – from a specific situation will perform better.High-quality property advice is a product of training, experience and market knowledge. A consultant does not become any more expert or experienced because they have a 5% or 10% stake in a project. If anything, it may make them less dispassionate and diminish the objectivity which lies at the core of all good property advice.However, identifying shortcomings in the business planning of others is not a charter for complacency for the rest of the business. Next year will bring a much tougher market. Investment dealing revenues will be down, and the air of economic uncertainty will continue to deaden activity across the property sector.Consultants can have only one approach to such a scenario: quality and efficiency. Surveying firms who came out of the last slump stronger, and went on to flourish, did so by becoming better at servicing their clients and more efficient in doing so. New ways of working together with a continuity of experience, have been the basis of our progress over the last decade. While I do not expect the current lull to be anything like as savage as the last slump, it will be a market which requires redoubled effort and ingenuity.For the vast majority of surveying firms whose core business is the UK market, 1999 will be the ‘year of efficiency and independence’. Efficiency will enable you to combat a less favourable market while independence will draw new business from those clients with reservations about the changed business focus of some leading firms of surveyors.Nigel Kempner, chief executive of central London investor Benchmark GroupThose people who believe that property values can only continue going up are likely to be disappointed. Those more sane in their approach, however, might be surprised at the likely resilience of the UK and London property market in 1999.Whatever the stance on a single currency, we are part of a European continental marketplace. The precise effect of remaining outside that market for the initial stages remains to be seen, but will become clearer in the first half of 1999.In our own portfolio in the West End of London, we have continued to see leasing interest for offices and retail property from American and European tenants, keen to enjoy all that London offers – English language, a convenient time zone for global trading, and professionalism in the service sector.The fact is that, whatever the size of requirement – and in the West End the unit size is getting smaller, while in the City it is becoming larger – the requirement is for modern, flexible, new space on the most flexible terms possible. Planners and property owners must respond accordingly to satisfy such demand.London is seen by many as the classy and trendy city to visit and work in, and that has been apparent despite a strong sterling rate. We should make sure that those people seeking to conduct their business in Europe see the property supply in central London in a similar light.In the West End there is currently a dramatic shortage of new or Grade A office space. Recent figures from Jones Lang Wootton show a vacancy level of 3.7% of overall supply and 0.7% of Grade A space. Indeed, there are no Grade A buildings over 10,000 sq m (107,640 sq ft) available and only four Grade A buildings between 5,000 and 9,999 sq m (53,820-107,629 sq ft).There was a good take-up of space in 1998 and there appears a strong tenant demand for well-located, modern offices, although I believe there will be a tendency to move towards shorter leases and greater flexibility of services. With the prospect of deflation, prime rents, which are currently in the mid-£50/sq ft area, will drift, over the foreseeable future, between £50 and £60/sq ft.The City office market will have a fragile 1999. It is inextricably linked to the fortunes, or otherwise, of financial services companies and professional firms. While there will, without doubt, be further consolidation, this may in itself lead to continuing medium- and longer-term requirements for large headquarters buildings which are not always readily available. Clearly there is a threat from Canary Wharf and London Bridge City to name but two alternative locations to the City core.The retail market in the major retail thoroughfares in the West End reached new peaks during 1998, although rents must soften in 1999, bearing in mind retail trading prospects. Certain streets off the major thoroughfares have become popular locations and this trend may well continue. The retail market in the City has remained strong, although it is very difficult to create additional retail space.I believe 1999 will be an active year for the property industry although not a dramatic year in terms of growth. Professionals from all sectors will need to be at their most nimble to react to changes, which many of us will not have seen before, in terms of inflation rates, interest rates, growth rates and global perspective.Robert Laurence, former head of Argent’s investment team, is relieved to be at the helm of a cash-rich private company, Resolution Property. No longer being involved in a listed property company, it is hard to imagine what my friends in the quoted sector have been going through this year. Stocks that were fashionable in 1997 now make cheesecloth shirts look modish – except that cheesecloth shirts are marginally more likely to stage a revival in 1999.Companies are unable to issue paper to carry out transactions. Management who are incentivised and judged by growth in share prices are miserable. The talented ones are already considering how to extricate themselves and their assets from the quagmire.This situation could have at least three outcomes: Major shareholders could give up waiting for a rise in share prices and sell to ‘privatisers’. The stock market may recognise that companies with good portfolios (and no debentures from hell) are underpinned by low gilt yields and move the share price higher. The stock market will be proven right by a major fall in property capital values.I think the third option is unlikely for reasons I set out below; the second is possible but not for the smaller-cap companies, where sentiment and lack of liquidity is against them. The longer the gap between NAV and share price remains open, the more likely it is that institutional investors will get fed up and allow private equity to step in.But even if this doesn’t happen, private equity will have good opportunities in 1999. Property with a good future will be available at yields which, with gearing beyond the levels possible for quoted companies, produces an IRR of 15-20% on running income. There will, therefore, be a keen appetite for decent property, yielding 7.5% and more.This will, of course, depend on gilt yields and, therefore, medium-term debt staying at low levels. Given the pressure on corporate earnings and the negligible risk of inflation, those with floating-rate debt will have a happier 1999 than those who fixed in the last few years.Interest rate decline will be accelerated by the government’s (silly me, I mean The Bank of England’s!) desire to move sterling interest rates in line with the euro. Euro rates should remain under downward pressure from the left-leaning German government.Following the negative impact of the high pound and high interest rates on the economy, the government may believe that voters would trade economic stability for economic sovereignty. Blair and Brown might, therefore, be tempted to call an election before the full five-year term, quickly followed by a referendum and entry into EMU. The Bank of England will be worried that interest rates, which overshot on the way up (to soften us up for EMU?), will overshoot on the way down, so that the economy becomes overheated at the start of the millennium.Float your borrowings by all means, but a prudently-applied cap should be worn at all times.I shall make a few property forecasts, in the hope that in January 2000, people will be too drunk to remember 1999 at all. Retail spending will stay depressed, leaving poor prospects for rental growth. Low-yielding, non-reversionary retail property will fall in value until it is caught by the low-gilt yield safety net. The IT threat to all retail property (not just banks, building societies and travel agents) will be more apparent.Out-of-town retail and office parks with good parking will benefit from the government’s aim to restrict parking in future consents.Office rental growth will be sluggish, particularly in the City, where there will be more lay-offs. But exceptions could be prime Thames Valley and emerging media locations like Clerkenwell and Camden. Yields for decent offices will settle at a level where a post-debt return of 12-15% a year is possible on existing cash flows.Central London residential will be hit by fall-out from difficulties in the City. Vacancy rates for industrial will increase slightly but yields will continue to fall for well-located large estates.Alex Watt, head of property at Standard Life Investments, There is one big bet for the UK property market next year: continental Europe! Whether the return on UK property is 6% or 12% in 1999 (the range between the most bearish and bullish fund managers in the recent IPF Consensus Forecast survey) is academic – continental Europe will be well ahead. The markets of Paris, Madrid and Barcelona look set to enjoy strong rental growth next year. Oh, and lest we forget, Dublin looks set to deliver another strong year after delivering over 40% total return in 1998.I take the view that major players in the property market, such as ourselves, should be positioning themselves for a more pan-European investment strategy in the years ahead, Around 300 million people now trade in euros and monetary policy has become a one-size-fits-all interest rate; the rule book is being entirely rewritten and, if the dynamics of the European economy are changing, you can bet the property market will change too. That is why Standard Life Investments is developing 3m sq ft on the Continent.Nonetheless, turning my attention back to the UK for a moment, we are clearly going ex-growth. There will, therefore, be two key factors which will deliver outperformance next year: firstly, income return, that is, the higher yielding the better; and secondly, scope for yield improvement. The biggest unknown – and always the most difficult part of the forecast to get right – is where yields will be in 12 months time. There has been much talk of a yield re-rating on the horizon, since gilt yields are now under 5%, and look set to stay there. In the circumstances, I do not think that this yield gap, which looks set to widen in the short term, is sensible. A re-rating is bound to occur during 1999 but, whether it happens early or late in the year, is difficult to call. For the record, I expect returns to be around the 8% mark for the year and, even if the yield re-rating happens a little sooner, it would be difficult to see UK returns getting into double digits for 1999.But that is a one-year view and, although we are all pressurised to obtain performance over what are shorter and shorter time horizons, property is of course a longer-term proposition. With this in mind, I see 1999 as a year of opportunity, low returns notwithstanding. Opportunistic buying, repositioning of portfolios and selective development should all be on the cards as we prepare for the next upturn. London – ever the barometer of the market – is pausing for breath at the moment, but is in pretty good shape nonetheless. Yes, rents are unlikely to move ahead in 1999 and yes, vacancy rates will increase, but the supply/demand balance is probably at its healthiest going into a downturn than at any other similar point in the last 30 years. Starting development next year may just be perfect timing, delivering new products to a market on the upturn in 2001. There are also other areas of the market where demand is holding up fairly well. M25 offices, for example, and, of course, devolution-inspired Edinburgh. In short, there are still opportunities around but it takes a little bravery and some solid groundwork to spot them. Stock selection is the key to successful fund management and, from this point of view, sound research is a cornerstone of strategy. This means not just understanding the macro picture, but getting to grips with local markets and understanding your tenants’ businesses as well.If this cycle (both economic and property) is to be shorter and shallower than previous downturns, 1999 should be the year when the brave start new developments, the opportunistic seek out deals in a quiet market and the strategists readjust the shape of their portfolios.The dynamic will be having lunch in Madrid. Feliz año nuevo!last_img read more

Regulator calls review of rail station leases

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Chemical reaction

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Protecting Religious Liberty in the Marriage Debate

first_imgRyan Anderson – Heritage.org 19 Sep 2013Bipartisan legislation was introduced today in the House of Representatives that would prevent the federal government from discriminating against citizens and organizations who believe that marriage is the union of a man and a woman.The Marriage and Religious Freedom Act (H.R. 3133) was introduced by Representative Raul Labrador (R-ID) and over 60 other original co-sponsors from both political parties.The bill is an important step for conscience protection. Government policy should respect those who stand for marriage as the union of a man and a woman. Even in jurisdictions that have redefined marriage, those who believe marriage is the union of one man and one woman should be free to live in accord with their moral and religious convictions.But in a growing number of incidents, government has not left these Americans free. Last month, the New Mexico Supreme Court ruled that the First Amendment does not protect a photographer’s right to decline to take pictures of a same-sex commitment ceremony–even though doing so would violate the photographer’s deeply held religious beliefs as a Christian.Christian adoption and foster care agencies have been forced to stop providing those services because they object to placing children in same-sex households. Other cases include a baker, a florist, a bed-and-breakfast, a t-shirt company, a student counselor, the Salvation Army, and more.California’s legislature was poised to pass a bill that would have stripped tax-exempt status from groups such as the Boy Scouts because of policies on sexual orientation. Though it had passed the state Senate, 27-9, the bill was tabled in early September after criticism from surprising quarters–including the liberal Los Angeles Times.http://blog.heritage.org/2013/09/19/protecting-religious-liberty-in-the-marriage-debate/?utm_source=RTA+Labrador&utm_campaign=winstorg&utm_medium=emaillast_img read more

‘RUN for Jesus 2020’ moved to April 30

first_imgAnother clarification: 35 Korean guestswere already in the Philippines before the outbreak of COVID-19 in Daegu City.Senining said these Koreans had medical clearances and were subjected tothermal scanning at the airports of their arrival. However, he said they would likely not beinviting participants from abroad such as from South Korea which has thehighest number of COVID-19 cases outside China where the infection originated. Only 37 South Koreans pushed throughwith their Philippine trips, said Senining. On Feb. 26, the City Health Office saidit was able to track down 19 Koreans but Senining clarified that two of themwere not part of the delegation. “This will be a local event na lang with our brother and sistersfrom Panay and Negros islands, Manila and Mindanao,” said Senining. They still expect over20,000participants on April 30, said Senining. “To the Ilonggo people who were lookingforward to this event, please accept our apologies. To our partners, friends,and supporters, our heartfelt thanks! We are rescheduling the event on April 30and we hope you’ll still be willing to journey with us until that date,” addedSenining./PN “We want to make it clear that we areall for the protection and safety of our people, especially the Ilonggos. As amatter of fact, ‘RUN for Jesus’ was born out of our love for Iloilo and itspeople,” according to Senining.center_img ILOILO City – The “RUN for Jesus 2020”praise and worship convention originally scheduled yesterday was moved to April30. For the aborted event yesterday,Senining said they were initially expecting 400 delegates from South Korea butmany decided not to come after learning that the city government cancelled thegathering. Senining also stressed that “RUN forJesus 2020” is a local initiative and not organized by churches in South Korea. He also said they would be heedingCOVID-19 precautionary measures as advised by the Department of Health “toensure the health safety ofr our people. Sanitation is still very important –wewill comply with it.” When the city government announced onFeb. 25 the event’s cancellation, 17 South Koreans were already in Iloilo City,said Senining. According to Rev. Dr. Robert B. Senining(not Senening as previously reported), general secretary of Agape ChristianInternational Missionaries (Iloilo) Inc. (ACIMI) that is organizing the event,they respect the city government’s decision to cancel the gathering due toconcerns over the possible spread of the coronavirus disease 2029 (COVID-19).last_img read more

Moreno set to have high price tag

first_imgLiverpool could face more frustration in their pursuit of summer transfers after Sevilla president Jose Castro warned left-back Alberto Moreno will not come cheap. The 21-year-old has been a target for Reds boss Brendan Rodgers for some time and while there have been talks between the two clubs, they have yet to agree a fee. Liverpool’s improved £25million bid for Adam Lallana has already been rebuffed by Southampton, who will not consider selling anyone until they have a new manager in place, and now Castro is talking up the price of Moreno. “We have received no communications in that regard. “In this last season, Fabio gave a considerable contribution towards keeping Sunderland up. “He was praised by everyone, especially by the Liverpool manager Rodgers. “So, after his holidays he will go back to Liverpool to prepare for the new season wearing the shirt of this historic club. “He wants to compete with everyone and be an extra resource for the coach and the team. “Borini could be of use to any team, but no-one has contacted us and his desire is to show what he’s got at Liverpool.” “It’s true that there’s interest from Liverpool and we’re waiting to see if that turns into a reality, which right now, it isn’t,” the president told the club’s television channel. “What I’m clear about is that we’ll not force anyone to stay at Sevilla. “Whoever wants to leave can do so – but we’ll be the ones setting the prices. “This club is experiencing a time of economic stability and we don’t need to sell. “We’re going to be firm about this and we’ll only consider selling outside the market, which gives us the opportunity to make our team competitive.” With a World Cup just around the corner, Rodgers is trying to get his business done early but aside from Rickie Lambert, who Southampton let go for a fee of £4m, deals for Lallana, Moreno and Bayer Leverkusen’s Emre Can are far from completed. Lambert’s arrival on Monday has bolstered Liverpool’s attacking options but fellow forward Fabio Borini, who spent last season on loan at Sunderland, does not intend to be forced out by the England international. “Does Lambert’s arrival close the door on Fabio Borini? No, I don’t think so,” Borini’s agent Marco De Marchi told tuttomercatoweb.com. Press Associationlast_img read more

Cricket News Australia win provides Virat Kohli’s Indian cricket team healing touch to years of overseas pain

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Virat Kohli was emotional as he summed up the magnitude of the Indian cricket team’s achievement. The Indian skipper, still feeling the effects of a win which broke 71 years of pain for India in Australia, called this his biggest achievement, greater than the 2011 World Cup win. Ravi Shastri, speaking in the post-match press conference, said the win is bigger than the 1983 World Cup victory which boosted Indian cricket’s profile. In a nutshell, this series win, albeit against an Australian side that were missing the services of David Warner and Steve Smith due to the ball-tampering scandal is massive. Let us consider the names in previous Indian teams who did not win a series in Australia and one gets to understand how big it really is.Vijay Hazare and Vijay Merchat, two legends in Indian cricket, toured Australia but never won a game or series. The likes of Nawab of Pataudi and ML Jaisimha never won in Australia. Bhagwath Chandrasekhar, Bishan Singh Bedi, Sunil Gavaskar, Kapil Dev, Dilip Vengsarkar all toured Australia but did not win a series. Sachin Tendulkar, Sourav Ganguly, Rahul Dravid, VVS Laxman and Virender Sehwag all toured Australia, but they were denied a golden chance, especially in 2003/04 when Australia had rested key players or were missing players due to injury. MS Dhoni also came and went. Tendulkar, Dravid, Laxman and Ganguly retired all to never win a Test series Down Under.Read More | RIP Australia cricket – 23 years of dominance officially endsKohli was denied in 2014/15 and there was plenty of cynicism heading into the series in 2018/19. India had lost in South Africa 1-2 and in England 1-4. The loss against an England side, especially against batsmen suffering from poor form, was galling. Muddled selections, misreading of the pitch and conditions and wrong team selections all contributed to extending India’s winless streak in the SENA countries (South Africa, England, New Zealand and Australia) to near a decade.Read More | Kohli’s India break 71 years of pain, clinch series in AustraliaIndia put up an inspired show in Adelaide, led by Cheteshwar Pujara’s century and fifty on a tough pitch and with the bowling attack of Jasprit Bumrah, Ishant Sharma, Mohammed Shami and Ravichandran Ashwin contributing to a 31-run win. However, misreading the conditions and selecting the wrong team, a factor which had plagued them on previous tours, came back to haunt them in Perth. On a green pitch, they picked four pacers and left out a spinner and India lost the game. With the four-match series level 1-1, it seemed it was a familiar tale of woes.Getting the act togetherHeading into the Boxing Day Test, there was confusion in the Indian camp. Ashwin was not fit while Shastri announced that Jadeja was also not 100 percent fit. The team composition was once again proving to be a big conundrum. On top of that, India was going to open with two new players at the top for the first time ever. Crucially, Kohli picked three pacers and a spinner in Jadeja, which was ideal for a crumbling Melbourne deck. India had read the conditions correctly. Crucially, they won the toss and utilized the best conditions of the match. Mayank Agarwal and Hanuma Vihari saw out the new ball, Pujara and Kohli stitched an aggressive stand and India reached a total which was going to test an Australian batting low on confidence.Read More | Kohli’s India break 71 years of pain, clinch series in AustraliaBumrah, Shami, Ishant and Jadeja were rotated brilliantly by Kohli and set right fields. It helped for India that Australia was not technically equipped to handle the Indian bowlers. Although some flutters were raised, Kohli was clear what had to be done when India batted second again despite a big lead. He did admit in the press conference, “It’s a good thing that I don’t read any comments or what the opinions are.” Bumrah, who picked up 6/33 in the first innings, worked in tandem with the other bowlers to complete a famous win.In Sydney, another crucial toss was won and India once again picked the best XI suited for the conditions. The Sydney pitch is known to assist spin even if there is grass covering and India included Kuldeep Yadav. Pujara and Rishabh Pant slammed fifties and India had registered 622/7 declared, their second-highest Test score in Australia. India had made themselves safe with their performance on the first two days and Kuldeep’s 5/99 to bowl Australia out was the icing on the cake.A combination of reading the conditions correctly, picking the right team composition, having a clear mind, having a rock in the middle order were the key factors that helped India avoid the fate they suffered in South Africa and England. Make no mistake: This win is massive. It eliminates all the past pains suffered overseas. It eliminates decades, generations and eras of hurt in Australia. Virat Kohli, indeed, has scripted history. The start of 2019 could not have been better. last_img read more

Cricket News Martin Guptill century vs Bangladesh puts him in special list among New Zealand batsmen

first_imgMartin Guptill hit his 16th century in ODIs.New Zealand defeated Bangladesh by eight wickets.New Zealand have taken an unassailable 2-0 lead in three-match series. New Delhi: Martin Guptill continued his purple patch in the series against Bangladesh as he slammed his second consecutive century to help New Zealand win the second ODI by eight wickets and take an unassailable 2-0 lead in the three-match series. Guptill, who blasted 117* in the first ODI in Napier which New Zealand won by eight wickets, was in great touch at Hagley Oval after Lockie Ferguson’s 3/43 and a couple of wickets from Todd Astle (2/52) and James Neesham (2/21) restricted Bangladesh to 226 all out. In response, New Zealand lost Henry Nicholls for 14 but Guptill was joined by Kane Williamson and the dup scored at over six runs an over. Guptill, in particular, was severe on offspinner Mehidy Hasan as he launched him for two sixes.The right-hander slammed four boundaries in Mashrafe Mortaza’s two overs as he reached his fifty off just 33 balls. Williamson gave him good company and Guptill raised the tempo after surviving a review. A six and a four off Sabbir Rahman followed by another six off Mahmudullah helped Guptill near his century and he notched it up by tucking a short ball from Mustafizur Rahman to the fine leg fence. Although Guptill fell for 118, Williamson’s 37th fifty ensured New Zealand sealed the win.Guptill’s 16th century tied him with Nathan Astle in the second spot among New Zealand cricketers with most centuries. Astle took 223 matches to hit 16 centuries while Guptill has achieved it in just 168 games. Ross Taylor heads the list with 20 ODI centuries in addition to 46 fifties, which are the most by any New Zealand player. Guptill’s back-to-back centuries against Bangladesh will be a welcome relief for the player who struggled in the ODI series against India. In four games, he was out in the power play managed just 47 runs at an average of 11.75 as New Zealand lost an ODI series against India for the first time in 10 years. With the 2019 ICC Cricket World Cup coming closer, Guptill will be aiming to seal his spot with another great show in the final ODI which will be held in University Oval, Dunedin on February 20. highlights For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Nigeria, 15 Others in ICC U-19 Cricket World Cup Battles

first_imgBut to do that they must overcome a handful of contenders, including defending champions India – who are on a mission to become the first to win back-to-back World Cups since Pakistan triumphed in 2004 and 2006.The Nigerian team (Junior Yellow-Green) is making her debut after a brilliant qualifying ride in Namibia since March 2019.South Africa are in Group D along with Afghanistan, Canada and United Arab Emirates. The young Proteas are strong favourites to emerge from their pool and will be aiming for their second title, after winning in 2014.Former U17 Cricketer of the Year Bryce Parsons has the honour of captaining his country on home soil and has been described as a ‘natural leader’ by head coach Lawrence Mahatlane.“There is a lot of flexibility with some special talent around, I am personally excited about this group and I am sure they will make the nation proud,” said head coach Mahatlane.South Africa look in fine fettle following an eight-wicket warm-up win against Nigeria on Tuesday, which saw five bowlers take two wickets each as they dismissed their African rivals for just 61 runs.They will aim to do the same to Afghanistan, but they will be no pushovers in Kimberley.This is their sixth successive appearance at the U19 World Cup having made their breakthrough in 2010, while they beat England by 21 runs in their warm-up match.Reigning champions India begin their campaign on Sunday against Group A rivals Sri Lanka, as they begin their bid for a record-extending fifth crown.Paras Mhambrey’s men were an all-conquering force in 2019, winning the Under-19 Asia Cup in September and a Tri-Nations tournament with England and Bangladesh held on English soil.They have not lost a bilateral series since the 2017 U19 World Cup, beating South Africa, Sri Lanka and Afghanistan away from home, while they beat Zimbabwe in their warm-up match by 23 runs thanks to half-centuries from Tilak Varma and captain Priyam Garg.Sri Lanka and New Zealand are yet to win the tournament, although the Black Caps did finish runners-up in 1998 and have hosted the event three times, including in 2018.Japan cannot be ruled out in a tight group. Eleven of their squad will be eligible for the 2022 U19 World Cup and their players will doubtless soak up plenty of experience from competing against established Test nations.The team, coached by Dhugal Bedingfield and captained by Marcus Thurgate, will hope to pack a punch with off-spinner Yugandhar Retharekar capable of breaking up batting line-ups.Group B is perhaps the one to watch with three former champions in Australia, England and West Indies converging.The three nations – whose senior sides have all won the ICC Men’s Cricket World Cup – are joined by Nigeria on their U19 World Cup debut.Nigeria face Australia in their first match on Monday January 20, in Kimberley while the highly-anticipated clash between Australia and England is set for January 23 at Diamond Oval in Kimberley.Pakistan are in Group C with Bangladesh, who will look to bring their fine form over recent years to the big stage of the U19 Cricket World Cup.They will be led by captain Akbar Ali who has already declared his side can not only progress from a group that also contains Scotland and Zimbabwe but go on to win the entire tournament.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram South Africa, Afghanistan to kick off hostilities fridayUgo AliogoSixteen teams including Nigeria will contest 48 matches during the next three weeks before the final at JB Marks Oval in Potchefstroom on Sunday February 9.South Africa are hoping to become the first team to lift the title on home soil since Australia won the inaugural Youth Cricket World Cup in 1988.last_img read more

Coach Swinney, QB Boyd lead Clemson as ACC preseason favorite

first_imgGREENSBORO, N.C. — Dabo Swinney was there last time Clemson was picked to win the Atlantic Coast Conference. He was on the Tigers’ staff as a wide receivers coach in 2008 as he watched the preseason favorite stumble to a 7-6 record.That year there was no Tajh Boyd, the senior quarterback who is the 2013 ACC Player of the Year favorite, and there was perhaps no player with as much raw talent as wide receiver Sammy Watkins.The current Tigers head coach said there are lessons to be taken away from that year, but that was a long time ago.“A lot of water’s gone under the bridge since then,” Swinney said. “We’re a different program, different team and that’s the last thing I’m worried about, what happened in ’08.”Clemson is a different animal than the one that took the field with lofty expectations in 2008. Former head coach Bobby Bowden was fired six games into the season, paving the way for the Swinney Era.AdvertisementThis is placeholder textHe took over as the interim head coach and finished the season 4-3. The Tigers have won at least nine games in three of his four full seasons as head coach as he, and the program, learned how to win.That’s the big takeaway he addressed from that 2008 season. Swinney started off giving a sarcastic lesson.“Don’t go 3-3,” he said, drawing laughs from the assembled media. “Win more.”Then he went serious. He insisted that it’s been so long since that disappointing season that there isn’t much to learn, and then he told the media just what he did.“Make sure we have great preparation, just stay true to what we believe in,” Swinney said. “We’re not going to do anything different than what we’ve done the last four years as far as how we prepare our football team and, again, I think the mentality has to be right. They expect to win and they believe in each other.“That’s a whole different world from where we are now.”Part of the change rests on Boyd’s shoulders. In 2008, the Tigers went into the year with Cullen Harper as their quarterback. He completed more than 60 percent of his passes for 2,601 yards – but threw more interceptions than touchdowns.Boyd, a fifth-year senior, enters 2013 as a third-year starter, who has already guided Clemson to a conference championship in 2011 and a 25-24 Chick-fil-A Bowl win over Louisiana State in 2012. He’s considered a contender for the Heisman Trophy.Boyd could have been a first-round pick in the 2013 NFL Draft had he left after his fourth year, but came back to receive the much-deserved plaudits of the conference’s media.“He didn’t come back to Clemson to sit around and sing songs and make wedding proposals, I’ll tell you that,” Swinney said. “He came back to win.”Swinney claimed the Bobby Dodd Coach of the Year award in 2011 when he led the Tigers to the ACC Championship with a first-year starting quarterback, but the media still favored Florida State, who was the second most popular pick in this year’s preseason poll.This season will be the last for the “Dandy Dozen” recruiting class, as Swinney calls them, that were all recruited under the head coach’s watch and he credits with most of the program’s progress.Some from that class, like defensive end Malliciah Goodman, are already gone, but much of it is still intact, and led by Boyd. In 2008, Boyd and 11 other freshmen took “a leap of faith” and joined the Tigers.They already claimed one title. With the burden of expectation finally on them, the eight remaining seniors have a chance to take another — perhaps even at a higher level.“You kind of change the culture through graduation and through recruiting,” Swinney said. “We’ve had high expectations every year. … We’re good enough, but we’ve got to have the right work ethic, right leadership, right chemistry, all those things. And that’s what we spend the majority of our time on.” Comments Published on July 22, 2013 at 3:59 pm Contact David: dbwilson@syr.edu | @DBWilson2 Facebook Twitter Google+last_img read more