Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Clairvest Reports Fiscal 2013 Second Quarter Results

TORONTO, ONTARIO -- (Marketwire) -- 11/13/12 -- Clairvest Group Inc. (TSX:CVG) today reported results for the second quarter ended September 30, 2012. (All figures are in Canadian dollars unless otherwise stated)

Highlights


--  September 30, 2012 book value was $330.6 million or $21.86 per share
    versus $21.35 per share at June 30, 2012. Non-restricted cash or near
    cash represented 30.6% of the September 30, 2012 book value, or $6.69
    per share 
--  Net income for the quarter and for the six months was $7.6 million or
    $0.51 per share and $17.3 million or $1.14 per share respectively 
--  Clairvest advanced a US$7.9 million promissory note to Centaur, operator
    of the Hoosier Park Racing & Casino in Indianapolis, Indiana, in support
    of a potential acquisition being made by Centaur 
--  Clairvest paid an annual ordinary dividend of $1.5 million, or $0.10 per
    share, and a special dividend of $1.7 million, or $0.1093 per share,
    which in aggregate represent 1% of the March 31, 2012 book value 

Clairvest's book value was $330.6 million or $21.86 per share at September 30, 2012, compared with $21.35 per share at June 30, 2012. The increase in book value per share was attributable to net income for the quarter of $7.6 million, or $0.51 per share. During the quarter, Clairvest recorded $4.2 million in pre-tax unrealized gains and $4.4 million in pre-tax distributions, interest, dividends and fees from its corporate investment portfolio.

"We continue to be very pleased with the progress of our corporate investment portfolio. Our team is highly engaged in our chosen industries and we are applying our domain-based approach to identify superior investment opportunities," said Jeff Parr, Co-Chief Executive Officer and Managing Director of Clairvest.

During the quarter, Clairvest advanced a US$7.9 million promissory note to Centaur, LLC ("Centaur") in support of a potential acquisition being made by Centaur. The promissory note has a stated interest rate of 3.41% per annum and is repayable no later than April 1, 2013.

Clairvest paid an annual ordinary dividend of $0.10 per share and a special dividend of $0.1093 per share, such that in aggregate, the dividends totaled to $0.2093 and represent 1% of the March 31, 2012 book value. Both dividends were paid on July 26, 2012 to common shareholders of record as of July 9, 2012 and are eligible dividends for Canadian income tax purposes.

Summary of Financial Results - Unaudited


----------------------------------------------------------------------------
----------------------------------------------------------------------------
Financial Performance Measures         Quarters ended      Six months ended 
                                         September 30          September 30 
                                   -----------------------------------------
                                        2012     2011        2012      2011 
----------------------------------------------------------------------------
($000's, except per share amounts)         $        $           $         $ 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net realized gains (losses) on                                              
 corporate investments                     -      (22)        (14)      555 
----------------------------------------------------------------------------
Net changes in unrealized gains                                             
 (losses) on corporate investments     4,232   (3,979)      7,421    (3,096)
----------------------------------------------------------------------------
Net income (loss)                      7,647   (1,778)     17,256      (524)
----------------------------------------------------------------------------
Basic net income (loss) per share       0.51    (0.11)       1.14     (0.03)
----------------------------------------------------------------------------
Fully diluted net income (loss) per                                         
 share                                  0.50    (0.11)       1.12     (0.03)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Financial Condition Measures                        September          March
                                                         2012           2012
----------------------------------------------------------------------------
($000's, except per share amounts)                          $              $
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total assets                                          353,285        338,424
----------------------------------------------------------------------------
Total cash, cash equivalents and temporary                                  
 investments(1)                                       101,123         97,553
----------------------------------------------------------------------------
Total corporate investments                           195,344        187,876
----------------------------------------------------------------------------
Total liabilities                                      22,712         21,997
----------------------------------------------------------------------------
Book value                                            330,573        316,427
----------------------------------------------------------------------------
Book value per share                                    21.86          20.93
----------------------------------------------------------------------------
----------------------------------------------------------------------------

(1) Excludes restricted cash and temporary investments

Clairvest's second quarter fiscal 2013 financial statements and MD&A are available on the SEDAR website at www.sedar.com and on the Clairvest website at www.clairvest.com.

About Clairvest

Clairvest Group Inc. is a private equity investor which invests its own capital, and that of third parties through the Clairvest Equity Partners ("CEP") limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.

Forward-looking Statements

This news release contains forward-looking statements with respect to Clairvest Group Inc., its subsidiaries, its CEP limited partnerships and their investments. These statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Clairvest, its subsidiaries, its CEP limited partnerships and their investments to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general and economic business conditions and regulatory risks. Clairvest is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

Contacts:
Clairvest Group Inc.
Maria Klyuev
Director, Investor Relations and Marketing
(416) 925-9270
(416) 925-5753 (FAX)
mariak@clairvest.com
www.clairvest.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Enterprise Open Source Magazine Latest Stories . . .
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal...
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every phy...
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, ...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the n...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE