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Togetherall secures $10 million investment from FPE Capital

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Established mental health platform, Togetherall, secures $10 million investment

Investment from growth investor FPE Capital follows Togetherall’s accelerated expansion in UK and North America

Togetherall provides a safe, clinically managed online peer-to-peer community to support people with their mental health 24/7

LONDON, Nov. 9, 2020 /PRNewswire/ — Leading online mental health platform, Togetherall, has secured $10 million investment from software and services growth investor, FPE Capital LLP (FPE).

Togetherall provides millions of people throughout the UK, New Zealand, Canada and the US access to community and professional support 24 hours a day, 365 days a year.
Togetherall provides millions of people throughout the UK, New Zealand, Canada and the US access to community and professional support 24 hours a day, 365 days a year.

The investment follows Togetherall’s accelerated expansion into the North American market, with a focus on US market growth, as well as continued growth across the UK and Canada into higher education, corporate and health sectors. FPE will sit as the largest investor alongside social impact investor, Impact Ventures UK (IVUK), concluding the eighth investment from FPE Fund II.

Togetherall provides a population based, clinically managed online community to support people with their mental health via 24/7 anonymous peer-to-peer support. Launched in 2007 it has helped over a quarter of a million members to date and nearly 90,000 individuals in the last 12 months.

FPE Capital’s investment into the online mental health platform boosts Togetherall’s ambition of providing a greater positive impact for all who use the service and will help increase the speed of product development and the number of resources to members.

As those seeking mental health treatment face increased barriers in getting the support they need, with demand often outstripping the supply of services (Centre For Mental Health), Togetherall assists in breaking down barriers to accessing traditional, or one to one support, as well as the stigma that often comes when reaching out for mental health support.

A population-based solution with the aim to provide mental health support for all, the clinically moderated online platform allows for people with mild to moderate mental health conditions to speak anonymously to their peers about their feelings and experiences. Togetherall also offers a variety of courses and resources to allow users to self-manage their mental health, all of which is moderated by trained practitioners 24/7 who ensure a safe and uplifting environment.

Commenting on the investment Henry Jones, Togetherall CEO, said: “This is a really significant milestone for our company.”

“Togetherall’s goal is to build a global business giving as many people as possible a safe, online community where they can offer and receive support at times of anxiety and isolation. Partnering with FPE, such an experienced technology investor, is a huge boost to our ambitious plans for the growth of our impact.”

As new lockdown restrictions set in across the UK, more and more people will experience heightened levels of isolation, anxiety and depression, without having access to mental health support. Togetherall is well-positioned to respond to this increased demand.

Kevin Bone, Partner at Impact Ventures UK, reflects on the journey with Togetherall to date, “IVUK has backed Togetherall since 2014 as it has grown from a great idea to a flourishing business helping hundreds of thousands of people in the UK and across North America. We warmly welcome FPE and very much look forward to working with them, and the exceptional Togetherall team, to bring its services to the many millions of people in need”.

Togetherall joins other technology product focussed investments in FPE’s portfolio, including: Questionmark, Masstech, Kallik and MaxContact. FPE’s growth capital investment is largely into primary funding in order to support the business in accelerating its rapid growth into North America.

“FPE is delighted to have completed this exciting growth investment into Togetherall”, said Henry Sallitt, Co-founder & Managing Partner at FPE, “this is an organisation that combines a successful SaaS business model with real purpose and social impact. We look forward to working with Henry and the team to support their growth ambitions”.

For further information please contact Alec Harris, ZPB Associates at alec.harris@zpb-associates.com or 07597571575

Notes to editors:

About Togetherall:

Established in 2007 as Big White Wall, Togetherall, is a leading online mental health service that provides millions of people throughout the UK, New Zealand, Canada and the US access to community and professional support 24 hours a day, 365 days a year. The service is registered with the Care Quality Commission (CQC) and is clinically proven to help those who are struggling with stress, isolation, anxiety, depression and other common mental health issues. Togetherall has supported large populations with their mental health since launch in partnership with clients in the education, health, corporate and charity sectors.

About FPE Capital:

FPE is a specialist growth private equity investor focussed on the software and services sectors. It invests in lower mid-market UK and Irish software and services companies with advantaged business models that offer significant growth potential in large markets that are undergoing structural change. It is authorised and regulated by the Financial Conduct Authority. www.fpecapital.com

Photo: https://mma.prnewswire.com/media/1328644/Togetherall_Community.jpg

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Federal Realty Investment Trust Stock Can Still Grow By 40% – Forbes

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We believe that Federal Realty Investment Trust stock (NYSE: FRT) has an upside potential of 40% in 1-1.5 years, once the consumer demand improves and the retail sales recovers to the pre-Covid level. FRT trades at $90 currently and it has lost 30% in value year-to-date. It traded at a pre-Covid high of $126 in February and is 28% below that level now. Also, FRT stock has gained 35% from the lows of $67 seen in March 2020, after the multi-billion dollar stimulus package announced by the U.S. government which has helped the stock market recover to a large extent. The stock is lagging the broader markets (S&P 500 is up about 65% since the March bottom), as investors are concerned about a drop in the rent collections rate of Federal Realty Investment Trust.

The company owns a portfolio of commercial properties near densely populated areas with affluent communities – where retail demand exceeds supply. Due to the Covid-19 pandemic and lockdown restrictions, retail businesses have suffered significant losses, leading to a drop in FRT’s rent collection rate. The same was evident from FRT’s cumulative revenues for the first three quarters – down 12% y-o-y. That said, its carefully selected properties at highly desirable locations are likely to ensure higher demand for its retail assets. Further, most of them are open-air facilities, which are considered comparatively safer than malls. Despite some growth in FRT stock since late March, we believe that the stock has room for growth in the near future provided there is no sudden uptick in the Covid-19 cases leading to further lockdown restrictions. Our conclusion is based on our detailed analysis of Federal Realty Investment Trust’s stock performance during the current crisis with that during the 2008 recession in an interactive dashboard analysis.

2020 Coronavirus Crisis

  • 12/12/2019: Coronavirus cases first reported in China
  • 1/31/2020: WHO declares a global health emergency.
  • 2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high
  • 3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, as Covid-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war
  • From 3/24/2020: S&P 500 recovers 64% from the lows seen on Mar 23, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system.

In contrast, here’s how FRT and the broader market performed during the 2007/2008 crisis.

Timeline of 2007-08 Crisis

  • 10/1/2007: Approximate pre-crisis peak in the S&P 500 index
  • 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
  • 3/1/2009: Approximate bottoming out of the S&P 500 index
  • 1/1/2010: Initial recovery to levels before the accelerated decline (around 9/1/2008)

Federal Realty Investment Trust vs S&P 500 Performance Over 2007-08 Financial Crisis

FRT stock declined from levels of around $91 in October 2007 (the pre-crisis peak) to roughly $41 in March 2009 (as the markets bottomed out), implying that the stock lost as much as 55% of its value from its approximate pre-crisis peak. This marked a slightly sharper drop than the broader S&P, which fell by about 51%.

However, FRT recovered strongly post the 2008 crisis to about $68 in early 2010 – rising by 65% between March 2009 and January 2010. In comparison, the S&P bounced back by about 48% over the same period.

Federal Realty Investment Trust’s Fundamentals in Recent Years Looked Strong

Federal Realty Investment Trust revenues grew 26% from $744 million in 2015 to $935.8 million in 2019. Similarly, the company’s adjusted net income increased from $209.7 million to $345.8 million over the same period. The company’s Q3 2020 revenues were 11% below the year-ago period due to lower rental income. On the same note, its EPS figure decreased from $0.84 to -$0.41 mainly driven by an impairment charge of $57 million.

Does Federal Realty Investment Trust Have A Sufficient Cash Cushion To Meet Its Obligations Through The Coronavirus Crisis?

Federal Realty Investment Trust’s total debt increased from $2.7 billion in 2016 to $4.5 billion at the end of Q3 2020, while its total cash increased from $23.4 million to around $863.3 million over the same period. The company generated around $268.4 million in cash from its operations in the first nine months of 2020, and if its cash situation further worsens, it might be difficult for the company to weather the crisis.

CONCLUSION

Phases of Covid-19 crisis:

  • Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally
  • Late-March 2020 onward: Social distancing measures + lockdowns
  • April 2020: Fed stimulus suppresses near-term survival anxiety
  • May-June 2020: Recovery of demand, with the gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases
  • July-October 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment.

Keeping in mind the trajectory over 2009-10, this suggests a potential recovery to around $126 (40% upside) once economic conditions begin to show signs of improving, provided its debt condition doesn’t deteriorate any further. This marks a full recovery to the $126 level Federal Realty Investment Trust’s stock was at before the coronavirus outbreak gained global momentum.

What if you’re looking for a more balanced portfolio instead? Here’s ahigh quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance TeamsProduct, R&D, and Marketing Teams

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AIMA releases alternative investment guide – Wealth Professional

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Aside from due diligence question highlights, the guide includes media such as five-minute educational videos, an investor infographic, downside protection charts, and continuing education advisor presentations.

Readers can get better acquainted with key regulatory differences between fund structures. Advisors can also get practical guidance with questions to ask their head office when weighing allocations to hedge funds, private credit funds, alternative mutual funds, and alternative ETFs. The guide also features a directory of AIMA members organized by strategy and fund structure.

Beyond that, readers can also learn about asset-allocation trends, including alternative investment leadership and engagement by notable institutional investors in Canada.

Performance through the pandemic has proven that alternatives are resilient and essential to safeguard against the volatility in the market and the low-rate environment,” said Belle Kaura, VP Legal & CCO at Third Eye Capital, who is also chair of AIMA Canada’s board of directors and a member of the Executive Committee, 2018-2022.

“The proportion of alternatives will increase as advisors gain more access to these and there is greater familiarity with strategies and how to assess products to meet risk tolerance, liquidity needs and return targets,” Kaura said. “Strategies across a continuum of risk return profiles should dispel the notion that all alternatives are high risk, allowing advisors to allocate to better protect and create investor wealth.

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Canadian Penny Stocks – Tips For Canadian and USA Penny Stock Investors

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penny stocks

Canada is a civilized country with a booming economy, just like the USA. It is one of the hottest tourist destinations around the world. Additionally, Canada opens doors for investments not only in the real estate sector. Both small companies and individuals from Canada and USA can buy Canadian penny stocks. Small-scale businesses benefit because they get a rare opportunity to prove their abilities to create shareholder value. It is a type of share that trades for five dollars and below. The country’s good investment climate is not only attracting the locals but also USA investors. How does a Canadian investor begin buying penny stocks?

 

Canadian locals do not have a hard time investing in their country. The stocks are bought through the Toronto Stock Exchange and TSX Venture Exchange. The first thing a trader should do is to approach a stockbroker. He or she should make sure that the stockbroker could buy the Canadian penny stocks. Another thing one must be cautious about is the investment company. The ideal company creates competitive products, increases its sales and has a forward trend. It becomes very easy for investors to trust such a company to manage their shares. How does a USA investor begin buying penny stocks?

 

USA investors wishing to buy penny stocks offered in Canadian dollars have three main choices. First of all, an investor can buy the pink sheets. With this option, investors find listings of companies available to trade stocks daily. It is a very good idea to be informed about how to use pink sheets. This is a secondary market without regulations. Reading newsletters and other information, mainly on the Internet, is very important. The second choice a USA investor has is opening an account with a Canadian broker. The brokers are available, and they can be a source of extra information. The final choice is for a USA investor to open an account with a broker from his or her country. Make sure that the selected broker has access to Canadian stocks.

 

As everyone notices, the procedure of buying penny stocks in Canada is not difficult. It is either a procedure that a person can perform personally or choose to work with a broker. Those who are planning to try this investment soon will benefit from visiting the TSX website often. The portal shows how the various stocks trade in the country’s thriving economy. Making an investment decision is not very simple. It is even harder for a layman investor searching for a way to invest his or her extra money. This explains why working with a reputable broker is important. Generally, real expert investors use quantitative approaches to gather numerical data on economic indicators, interest rates and other industry valuations. It is usually a mathematical procedure used to derive a target price for stocks. A penny stock investor hopes that the prices of stocks will reach the target price. Data for quantitative analysis is often based on the experiences of previous penny stock companies enjoying a higher level today. The process of selecting the best Canadian penny stocks companies is based on fundamental and technical analysis too.

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