| Market prices in Aug rate hike
Johannesburg - South African money market rates are currently pricing in a 20-30% chance of another rate hike in August after an expected increase of 50 basis points on Thursday. South Africa's 12-month negotiable certificate of deposit (NCD) was trading at 9.650% just before the last Monetary Policy Committee (MPC) meeting on April 12, where rates were left unchanged for the second successive month, but by the late afternoon on Wednesday it was a full 45 basis points weaker at 10.100%. A week ago the rate was at 9.750% - at the time close to a full expectation of a 50 basis-point increase. A senior money market dealer told I-Net Bridge on Wednesday that the reason for the increase was that the market was now pricing in more than 50 basis points ie. there is a growing risk that the 50 basis points increase on Thursday could be followed by another potential increase of 50 basis points in August at the next MPC meeting.
Shuffle Master, Inc. Reports Second Quarter 2007 Results
LAS VEGAS--(BUSINESS WIRE)--Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) today announced its results from continuing operations for the second quarter and six months ended April 30, 2007. Second Quarter financial/operating highlights: Revenue, adjusted EBITDA and GAAP earnings per share from continuing operations totaled $44.6 million, $13.7 million and $0.10, respectively. Cash and cash equivalents totaled $7.1 million as of April 30, 2007 compared with $3.0 million as of January 31, 2007 and $8.9 million as of October 31, 2006. Net debt (total debt, less cash and cash equivalents) as of April 30, 2007 totaled $219.9 million compared to $227.7 million as of January 31, 2007 and $227.1 million as of October 31, 2006. Capital deployment initiatives included capital expenditures of $3.6 million and debt payments of $6.1 million.
Q1 2007 Entertainment Properties Trust Earnings Conference Call ...
OPERATOR: I would now like to turn the presentation over to the Chief Executive Officer, Mr. David Brain. Please precede, sir. DAVID BRAIN, CEO, ENTERTAINMENT PROPERTIES TRUST: Thank you, Cammie. Good morning, everyone. Thank you for joining us. Let me start with our usual preference, as we begin this morning. I need to inform you this conference call may include forward-looking statements defined by the Private Securities Litigation Reform Act of '95 identified by such words as will be, intend, continue, believe, may, expect, hope, anticipate, or other comparable terms. The company's actual financial condition, results of operations, may vary materially from those contemplated by such forward-looking statements. A discussion of the factors that could cause actual results to differ materially from those forward-looking statements is contained in the company's SEC filings, including the company's report on Form 10-K for the year ending December 31, 2006.
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