News – AU – Naked Brand Group restores compliance with the NASDAQ minimum bid price rule


SYDNEY, AUSTRALIA / ACCESSWIRE / 23 February 2021 / Naked Brand Group Limited (Nasdaq: NAKD) (“Naked” or “Company”), a global leader in intimate apparel and swimwear, has received a notification from the Listing Qualifications Department of the Nasdaq Stock Market that it has complied has recovered the minimum amount of $ 1.00 Offer Price per Share under Nasdaq’s Marketplace Rule 5550 (a) (2) (the “Rule”)

On 11 On March 23rd, 2020, Nasdaq had notified the company that its common stock had failed to meet a minimum bid price of $ 1.00 for the past 30 consecutive business days under the Nasdaq Stock Market listing rules, and the notification letter stated that we would receive 180 calendar days to revert to the minimum bid price requirements to be observed Nasdaq has the compliance period of 16 April 2020 to 30 June 2020 Shortened Due to the Impact of COVID-19 After the initial 180-day compliance deadline, Nasdaq determined that the company would be required to remain in compliance for an additional 180 calendar days or until March 24th May 2021 was entitled to restore conformity

To restore compliance with Rule 5550 (a) (2), the company was required to maintain a minimum closing price of $ 1.00 or more for at least 10 consecutive trading days as a result, as a result, the closing price of the Naked Brand Group’s common shares was $ 1.00 per share or more For at least ten consecutive business days, the company has regained compliance with Nasdaq’s listing rule and the matter is now closed

Naked Brand Group Limited (NASDAQ: NAKD) is a leading intimate apparel and swimwear company with a diverse portfolio of brands. The company designs, manufactures and markets a portfolio of 8 proprietary and licensed brands that serve a wide cross-section of consumers and market segments Its brands include Bendon, Bendon Man, Davenport, Fayreform, Hickory, Lovable, Pleasure State, and Fredericks of Hollywood. For more information, visit www.nakedbrandscom

Forward-Looking Statements: This release contains “forward-looking statements” within the meaning of the U. Safe HarborS. Private Securities Litigation Reform Act of 1995 Forward-looking statements include all statements that are not historical facts. Such statements may, but need not be replaced by words such as “may,” “believe,” “anticipate,” “might,” “should,” “should.” “,” intend “to be identified ” ‘Plan’ ” ‘will’ ” ‘goal (s),’ ” can ” ” would ” ” expect (s), ” ” estimate (s), ” ” project (e), ” ” forecast (s) ”, ” positioned ” ” approximately ” ” potential ” ” target ” ” pro forma ” ” ‘strategy,’ ” Outlook ” and similar expressions Examples of forward-looking statements include, but are not limited to, statements regarding the sale of Bendon, continued trading of our securities on the Nasdaq, future financial performance, future cost savings, future growth of our business, trends in our industry, Product innovation and operations Expansion and restructuring initiatives All these forward-looking statements are based on management’s current beliefs, expectations and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in this release or implied results Key factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statement include the following: the risk that a definitive agreement to sell Bendon will not be signed or that the sale will not is completed; the risk that our restructuring initiative and focus on direct-to-consumer channels will not produce the expected benefits; the effects of COVID-19; our ability to keep an adequate inventory; the risk that we will not adhere to Nasdaq’s continued listing standards; Difficulties in maintaining customer, supplier, employee, operational and strategic relationships; the possibility that a robust market for our stocks will not be maintained; our ability to raise additional funding; our ability to anticipate consumer preferences; and the other risks and uncertainties identified in our Annual Report on Form 20-F for the year ended December 31, In addition, investors should be aware that our sales and profits can fluctuate materially depending on many factors. Accordingly, our sales and profits in any given financial period may not be indicative of future results expressly disclaim any obligation to update or change our forward-looking statements as a result of new information, future events, changes in assumptions, or for any other reason, except as required by law

This week’s congressional hearings, as well as the emergence of new institutional booms, indicate growing investor interest in a new breed of capital market

The New York Stock Exchange has joined Robinhood’s market maker Citadel Securities, in a lawsuit to revoke approval of an algorithmic method to protect investors from predatory trading strategies, court documents filed this month show that the NYSE assisted Flash trader, the largest on the stock exchange, in a lawsuit seeking to overturn the Securities and Exchange Commission’s approval of a trading method introduced by the Investors Exchange Group (IEX) from Michael Lewis’ book Flash Boys It comes from the fact that Citadel Securities’ relationship with Robinhood under scrutiny after GameStop frenzy The SEC approved the IEX Discretionary Limit method to eliminate latency arbitrage This is the practice of a market maker exploiting time inequality to generate profit and narrowing the gap between traditional and algorithmic traders, but NYSE attorneys argued that the approval was in court filings earlier this month would lead to “unfair discrimination” between competitors and accused the Securities Commission of subscribing to the method “regardless of its impact on the national cash securities market system or its impact on other exchanges.” Citadel Securities has filed a lawsuit alleging that in addition to competition concerns, the SEC has “ignored” evidence that the Discretionary Limit Order “harms” private investors. Half of all trading on the IEX is not for profit, but rather intended for private investors Citadel Securities is Robinhood’s most widely used market maker, paying for the popular stock trading app for client orders January came under fire as rumors spread that Robinhood had been forced to restrict trading in GameStop and other short stocks during market volatility

The company has missed analysts’ estimates on the bottom line, leading to slow growth this year as it suffer a bumper performance in 2020 backed by pandemic tailwinds as a mature company, Walmart’s results point to slight improvements in the Profitability Checked, But Something More Important Happened For years it has been clear that Walmart is moving beyond its historic business model as a physical retailer

Spirit receives a large portion of its revenue from Boeing Co, which was forced to cut production due to the grounding of their 737 MAX jet and a collapse in air traffic due to the pandemic The MAX was finally released for flight late last year, after being grounded for almost two years, and Spirit hopes to benefit from an increase in production at the aircraft manufacturer Boeing 737 MAX deliveries fell from 153 last year to 19 ship sets

Tesla’s shares should plunge into the red for the year on Tuesday, hit by a widespread sell-off of soaring tech stocks and the decline in Bitcoin, which the electric automaker recently invested $ 1.5 billion in. At 1121 GMT, Tesla was in U decreased by over 6% S. Premarket Deals After 85% Drop During Previous Session Elon Musk-led firm has had a stellar ride since 2020, starting at around $ 85 per share before closing on Jan. January the mark of 900 USD reached 25

(Bloomberg) – Now that the lights are back in Texas, the state needs to figure out who will pay for the energy crisis that plunged millions into the dark last week.It’s likely going to be ordinary Texans, the price so far: 50 $ 6 Billions, the cost of electricity that BloombergNEF estimates sold from early Monday when the blackouts started through Friday morning that compares to $ 4.2 billion for the previous week Some of that cost has already fallen on consumers as electricity customers exposed to wholesale prices last week utility bills of up to 8Other customers don’t know what to expect until they get their gas and electricity bills at the end of the month. Ultimately, the financial pain is likely to be shared by interest payers and taxpayers alike, said Michael Webber, professor at the university from Texas in Austin and Chief Science Officer of the French utility company Engie SAS. Electricity market failures are clues Texans could be hooked for decades Californians, for example, spent about 20 years paying the Enron-era 2000-2001 electricity crisis through surcharges on electricity bills, CPS Energy, owned by the city of San Antonio, said on Twitter, ways are being sought to spread the cost over the last week over the next 10 years that didn’t go well with its clients, who railed against the company’s proposal during a board meeting on Monday, “It is unacceptable to put the cost of this event on a decade, “said Aaron Arguello, organizer at Move Texas.” Customers are already in debt with student loans, mortgages and other payments, “But companies that suffered huge losses when electricity bills soared last week will be inevitably trying to recoup these through their customers, taxpayers or bonds n How fast Texans pay depends on who their supplier is, gas utilities typically pass the cost on to customers at the end of the monthly billing cycle, said Toby Shea, senior credit officer at Moody’s Investors Service, utilities, cooperatives and regulated electricity companies have the option to do that Spreading Costs Over Time “It’s very easy for a government to spread this out over many years and even a few months,” said Paula Gold-Williams, chief executive officer of CPS, said last week the company could also issue bonds Some utility companies are trying to secure hundreds of millions of dollars in liquidity to spread the cost for 10 to 20 years, said Scott Sagen, associate director at U.S. public finance at S&P Global Ratings Rayburn Country Electric Cooperative IncFor example, the syndicated credit line has a value of 250 million US $ fully drawn and recently a $ 300 million bilateral credit facility USD with the National Rural Utilities Cooperative Finance Corp According to a S&P report for a year released Monday, a number of utility companies are in talks with their banks to get liquidity to pay off their current debts so they can take out a bridging loan that they convert into long-term bonds, “They are trying to To offset those costs as much as possible and insure their customers, “Sagen said small retailers, who tend to be more thinly capitalized and less robustly protected, have limited options. One such company, Griddy, said last week it would be supported by the network operator during the Questioning Crisis Prices To Make Up For Losses For It And Its Customers Another company, Octopus Energy, said Monday it would award any energy bill that is above the week’s average electricity price and the resulting losses that run into millions Dollars could be on The state supervisory authority on Sunday prevented electricity sellers from disconnecting customers from the grid for non-payment It takes time for the governor and lawmaker to first come up with a plan for handling sky-high bills, a Public Utility Commission spokesman said for the Texan legislature is likely to start discussion on consumer relief as part of its crisis hearings that will begin this week Texas In theory, lawmakers could pass an emergency bill that could cover the inflated cost of the generators during the crisis, said Julie Cohn, an energy historian with ties to the Center for Energy Studies at Rice University and the Center for Public History at the University of Houston. “That would be another piece to say that you can have a competitive electricity market that we have but forbid the provider to link the price directly to the wholesale price like Griddy does “That would be easier in a state that, according to Webber, has a stricter regulatory approach to its electricity market pursues A About Texas having decided to go more hand in hand with its deregulated system, he said, “The question is, where does the money come from?” Shea said, “Will Texas save certain customers? That’s not their attitude towards how they manage their market or their economy ”For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP

Jerome Powell is likely to reiterate the Fed’s pro-stimulus stance today, potentially undercutting Bitcoin and stocks

The company’s shares, which were down 44% over the past year, rose 9% in morning trading as Royal Caribbean says it has seen new bookings jump 30% year-to-date from November and December, analysts Royal Caribbean and Royal Caribbean its colleagues Carnival Corp and Norwegian Cruise Line Holdings Ltd also asked to gradually resume voyages in the second half of this year following the months-long standstill caused by the pandemic

HSBC is set to withdraw from US Retail Banking, a source familiar with the matter, told Reuters on Monday that Europe’s largest bank is trying to divest a business that has long underperformed the U.S. The consumer business will be part of the lender’s strategy update due Tuesday as board chairman Noel Quinn seeks to cut costs, increase fee income and continue the lender’s relocation to Asia with the sale or closure of the remaining 150 or so stores in the US, after 80 stores closed last year, would mark the end of HSBC’s struggle to restart a business that has struggled to crack down on incumbent domestic rivals

China’s central bank will join a project looking at the use of central bank digital currencies (CBDC) for cross-border payments, the Bank for International Settlements said on Tuesday with CBDCs being like banknotes or coins and giving holders a direct claim on the central bank, potentially skipping commercial banks The People’s Bank of China (PBOC) has its own domestic CBDC project, the e-CNY, one of the world’s most advanced initiatives of its kind, which has had real-world trials in several major cities

As liquidity in the Bitcoin market declines, smaller trades can have a relatively large price impact

British Airways owner IAG said Monday it had increased total liquidity by £ 2.4 billion ($ 3.4 billion)) by deferring pension contributions and taking out a loan that will help survive the travel slump longer. “In addition to these agreements, the IAG is continuing to review other debt initiatives to further improve its liquidity,” the IAG said in a statement

In response to a Financial Times report, the IG announced that fewer than 8% of the 12 they were offering would be soldWithdraw 000 leveraged equity products Leverage products allow traders to increase their exposure to the market with a relatively small capital investment. Large stakes of individual investors, especially in stocks of US. The retailer GameStop has caused massive price swings in some stocks around the world, causing some people to make huge profits but others to face huge losses

The US. The Treasury Department is projected to lose $ 1.6 trillion bank accounts with the Federal Reserve as government spending soars in the coming months – a move some analysts are warning of could further depress short-term money rates and flood financial markets with cash, the Treasury Department said recently that it will cut its extraordinarily large balance in the so-called Treasury General Account (TGA) in half by April and lower it to $ 500 billion by the end of June The US The government conducts most of its day-to-day business through the TGA, which is administered by the New York Fed and which flows into tax revenue and revenue from the sale of government bonds

(Bloomberg) – Rocket emojis for stock gains “Tendies” as slang for profits GIFs with company tickers The Reddit forum WallStreetBets is hard for people to follow at best but spare a thought for the machines after the madness of retail stocks unprecedented last month Having caused chaos, hedge funds that crawl the platform with algorithms have a new purpose in their mission to figure out the next market craze. Still, it’s a massive pain to train the amateur chatter on message boards in in computers isn’t easy Extracting data suitable for real-world trading Even the basic task of identifying securities requires an algo to learn how to balance millennial-speak, memes, and typos with the intended topic, and that’s just the beginning You just find the people behind the Reddit robots like Stefan Nann, “You can’t just do the English Use standard word library, “said the CEO of Stockpulse, a German social media analysis company.” We read these comments and decided for ourselves whether this comment is positive or negative This is how we train the machine The sentiment analysis for WSB is the latest in the world of alternative data, which is expected to grow year-on-year from $ 1 64 billion to $ 17 in sales from 35 billion providers by 2027 NN Investment Partners and PanAgora Asset Management are among the systematic investors scouring social media for trading signals, while more brokers offer their clients tools to do just that, in theory for good reason, a strategy of following the herd would have turned out to be big profits in hindsight, according to Stockpulse, an indicator reached the excitement of GameStop Reddit is measuring its peak in early December, a solid month before prices began to rise A strategy of simply buying the five companies that were the most talked about about WSB over the past week could have achieved a 61% return in 2020, as a backtest by data provider Quiver Quantitative showed So fun ction it about One Reddit user is getting lyrical as to why BlackBerry Ltd is worth more than four times its share price An algo trained by a provider such as MarketPsych then records the ticker and searches the post for trading in sentiment signals. An attempt is made to determine the intensity of bullish calls using clues such as “market leader”, emojis, use of Finding out the future tense and even expletives. Then the process is repeated across multiple securities areas. “Some are calling because they’re trying to take advantage of the herd,” said Richard Peterson, a certified psychiatrist who founded MarketPsych. “Some are just trying to find ways Protecting Yourself “But for the form of artificial intelligence known as natural language processing, message boards are not as easy as figuring out signals from a business executive on a profit call, for example”When a new slang comes up, the dictionary for the machines has to be updated by the people. Doing this around the world is even harder. It took the MarketPsych team some time to figure out what different emojis mean in different cultures or that British traders, that talk down a stock, might use more subtle insults In an example cited by StockPulse, the computer needs to learn the difference between “hold” as a verb and an exchange-traded fund with a ticker with the same characters. These efforts are in great demand. “At some point it resembles a single hedge fund because all behave the same way at the same time, “said Francesco Filia, CEO of the hedge fund Fasanara Capital, who began internal monitoring of Reddit last month.” You have to be on top of it “Thinknum and Social Market Analytics are among the growing number of sentiment data providers who have recently launched products on the market that sum up the stock chatter on Reddit in one form or another”Bloomberg LP, the parent company of Bloomberg News, provides access to alternative data sources on the terminal and through the Bloomberg Data License, with individuals now making up about a quarter of US Stock trading volume should theoretically prove lucrative knowing where the retail cash minds are headed next.Such insights would help the long-short crowd figure out where the next market bombs will land with the retail army notoriously putting a pressure on it in January the record industry exercised when it slipped into some of the most hated names to harm short sellers, or “shorties” in Reddit slangAt NN Investment Partners, data scientist Melissa Lin says the signal-tracking sentiment has worked better on news and social media, Than just chasing price dynamics, however, certain forums like Reddit don’t have a long enough history of computational stock picking that Quants like Lin do, aside from anecdotal evidence, retail investors don’t have a consistently strong track record, she says, “It’s not a simple linear relationship between Stimmu ng and stock return, “said Lin” You have to do a lot more research to filter out the noise and actually make it useful Read More: Quants Sound Alarm While Everyone Is Following The Same Alternate Data Emmanuel Hauptmann says, his Quant team at RAM Active Investments recently started monitoring stock babble on Twitter – which he believes is highly correlated with Reddit – but his expectations are low. “Right now we see this as a pure risk mitigation,” the fund manager said. “We’re not using it as an alpha signal” Despite all the data in the world for tracking the ups and downs of retail sentiment, market timing is everything. “Once people are in your face and say,” I love this, death for the shorts! “It’s too late,” said Peterson of MarketPsych. For more articles like this, please visit us on BloombergcomSubscribe Now to stay ahead of the curve with the most trusted business news source. © 2021 Bloomberg LP

Buffett has recently doubled his energy investments while trimming his tech and banking holdings, and he’s not the only billionaire making big energy moves in 2021

Naked Brand Group, NASDAQ: NAKD, Nasdaq, Aktien, Börse

News – AU – Naked Brand Group restores compliance with the NASDAQ minimum bid price rule
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