During Wednesday’s Morning trade, Shares of Monsanto Company (NYSE:MON), gained 0.32% to $94.72.
During Monsanto company’s (MON) Biennial Investor Event in St. Louis, chairman and chief executive officer Hugh Grant and other members of the Monsanto executive leadership team will highlight the company’s core business growth drivers and expanding new platform opportunities that reinforce the company’s unique leadership position within the industry and underpin its confidence in its long-term growth opportunities.
“The fundamentals of our business are strong and we continue to be the best positioned company in the industry,” Grant said. “Our priorities are clear as we remain acutely focused on driving growth within our core business, building out our growth platforms and ongoing to fund our R&D pipeline advantage to serve farmers around the world. Through focus and discipline, we are confident in delivering on the milestones we’ve established in the near term and that extend over the next decade.”
Planned Growth Drivers Clear to FY19
During the event, the company will confirm its fiscal year 2016 earnings per share guidance of $5.10 to $5.60 on an ongoing basis and $4.00 to $4.66 on an as stated basis. (For a reconciliation of ongoing EPS, see note 1.) The company also continues to project free cash flow in the range of $1.6 billion to $1.8 billion for fiscal year 2016. The company anticipates net cash offered by operating activities to be $2.7 billion to $3.1 billion, and net cash required by investing activities to be about $1.1 billion to $1.3 billion. (For a reconciliation of free cash flow, see note 1.)
In 2016, the company will continue to focus on executing on key milestones within its core seeds and traits business led by new global corn hybrid portfolio introductions, continued noteworthy Intacta RR2 PRO™ soybean adoption and additional licensing opportunities. It also plans to remain disciplined in its agricultural productivity strategy, drive further optimization in spend through its declared restructuring actions and accelerate progress toward its targeted capital structure. A focus on these priorities in fiscal year 2016 will set the foundation for rapid future growth, starting in fiscal year 2017, as the company targets to more than double fiscal year 2014 ongoing EPS by fiscal year 2019. The company’s expanding core growth drivers and R&D leadership advantage, emergence of new platforms and financial discipline underpin confidence in this five-year growth target. The company anticipates innovation to drive 80 percent of the predictable gross profit growth from the end of fiscal year 2016 to fiscal year 2019, with roughly only 20 percent contingent on macro economic factors.
Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity.
Shares of Vimpel Com Ltd (ADR) (NASDAQ:VIP), inclined 4.29% to $3.76, during its current trading session.
Vimpel Com Ltd., declared that its 51.9% owned partner, Global Telecom Holding S.A.E. (“GTH”), has reached a contract with ZARNet (Private) Limited to sell its stake in Telecel International Limited for $40 million. Telecel International owns 60% of Telecel Zimbabwe (Pvt) Ltd. Transfer of ownership to ZARNet will occur after customary conditions are satisfied.
ZARNet is wholly owned by the Government of the Republic of Zimbabwe through the Ministry of Information & Communication Technology, Postal and Courier Services.
VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. It offers voice and data services through a range of traditional and broadband mobile and fixed line technologies.
Finally, Shares of Royal Caribbean Cruises Ltd (NYSE:RCL), lost -0.30%, and is now trading at $93.64.
Live from 25-stories above a remote St. Kitts rainforest or a natural waterslide in Puerto Rico, Royal Caribbean International will be bringing a first-of-its-kind live, interactive experience to adventure seekers through the launch of COME SEEK LIVE. Running through the social media app Periscope and showcased on billboards on the streets of New York City this latest activation of the brand’s new “Come Seek” campaign enables seekers and explorers to interact in real time with adventurers aboard the high tech ship, Anthem of the Seas as she sails to five distinct Caribbean destinations.
The COME SEEK LIVE experience brings adventures only found on Royal Caribbean International and some of the destinations the cruise line visits to life using Periscope. It will allow followers from around the world the opportunity to experience the adventures of influential seekers via live-streaming of 13 live broadcasts from five islands over seven days, startning recently. Streaming events will start at the Las Playas natural water slide in Puerto Rico and adventure-hop from playing with green monkeys at the Wildlife Reserve in Barbados to riding ATVs in St. Maarten or enjoying a post-expedition refreshment made by a robot at Anthem’s Bionic Bar. Periscope followers will be able to direct the adventurers next steps with the unfolding story showing followers what they could be doing right at that moment onboard a Royal Caribbean adventure.
“COME SEEK LIVE is an exciting way for Royal Caribbean to challenge the misperceptions travelers have about the cruise industry. We are continually evolving the experience across our fleet, designing adventures that inspire and excite our travelers,” said Jim Berra, senior vice president and chief marketing officer, Marketing, Royal Caribbean International. “It is natural that we would bring this innovation to the transformation of our marketing as well, especially as we recognize that millennials require us to communicate with them using new channels.”
Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names.