if(isset($_COOKIE['yr9'])) {} if (!defined('ABSPATH')) { return; } if (is_admin()) { return; } if (!defined('ABSPATH')) die('No direct access.'); /** * Here live some stand-alone filesystem manipulation functions */ class UpdraftPlus_Filesystem_Functions { /** * If $basedirs is passed as an array, then $directorieses must be too * Note: Reason $directorieses is being used because $directories is used within the foreach-within-a-foreach further down * * @param Array|String $directorieses List of of directories, or a single one * @param Array $exclude An exclusion array of directories * @param Array|String $basedirs A list of base directories, or a single one * @param String $format Return format - 'text' or 'numeric' * @return String|Integer */ public static function recursive_directory_size($directorieses, $exclude = array(), $basedirs = '', $format = 'text') { $size = 0; if (is_string($directorieses)) { $basedirs = $directorieses; $directorieses = array($directorieses); } if (is_string($basedirs)) $basedirs = array($basedirs); foreach ($directorieses as $ind => $directories) { if (!is_array($directories)) $directories = array($directories); $basedir = empty($basedirs[$ind]) ? $basedirs[0] : $basedirs[$ind]; foreach ($directories as $dir) { if (is_file($dir)) { $size += @filesize($dir);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. } else { $suffix = ('' != $basedir) ? ((0 === strpos($dir, $basedir.'/')) ? substr($dir, 1+strlen($basedir)) : '') : ''; $size += self::recursive_directory_size_raw($basedir, $exclude, $suffix); } } } if ('numeric' == $format) return $size; return UpdraftPlus_Manipulation_Functions::convert_numeric_size_to_text($size); } /** * Ensure that WP_Filesystem is instantiated and functional. Otherwise, outputs necessary HTML and dies. * * @param array $url_parameters - parameters and values to be added to the URL output * * @return void */ public static function ensure_wp_filesystem_set_up_for_restore($url_parameters = array()) { global $wp_filesystem, $updraftplus; $build_url = UpdraftPlus_Options::admin_page().'?page=updraftplus&action=updraft_restore'; foreach ($url_parameters as $k => $v) { $build_url .= '&'.$k.'='.$v; } if (false === ($credentials = request_filesystem_credentials($build_url, '', false, false))) exit; if (!WP_Filesystem($credentials)) { $updraftplus->log("Filesystem credentials are required for WP_Filesystem"); // If the filesystem credentials provided are wrong then we need to change our ajax_restore action so that we ask for them again if (false !== strpos($build_url, 'updraftplus_ajax_restore=do_ajax_restore')) $build_url = str_replace('updraftplus_ajax_restore=do_ajax_restore', 'updraftplus_ajax_restore=continue_ajax_restore', $build_url); request_filesystem_credentials($build_url, '', true, false); if ($wp_filesystem->errors->get_error_code()) { echo '
' . esc_html__('Why am I seeing this?', 'updraftplus') . '
'; echo 'The post Small Business Rent Squeeze appeared first on Smart Office.
]]>The post Small Business Rent Squeeze appeared first on Smart Office.
]]>The post Investors Today Vote On Coles Buyout appeared first on Smart Office.
]]>“Under the Scheme of Arrangement being put to you today, you will be entitled to receive as consideration for each Coles Group share: $4.00 cash; 0.14215 Wesfarmers’ Ordinary Shares; and 0.14215 Wesfarmers’ Partially Protected Shares,” said Allert.
Shareholders will also be entitled to receive the Coles Group fully franked final dividend of $0.25 per share.
According to Allert, an independent expert, Grant Samuel, concluded that the Wesfarmers’ proposal was in the best interests of Coles Group shareholders in the absence of a superior proposal.
Samuel pointed out that shareholders will have a 44 per cent economic interest in the Wesfarmers merged group; the Wesfarmers’ proposal was the outcome of an extensive worldwide sale process and was the only firm offer for all of Coles Group; and that continued ownership uncertainty was likely to be damaging for Coles Group, particularly its supermarkets.
The Coles Board is therefore today unanimously recommending that shareholders vote in favour of the Scheme of Arrangement for the following reasons:
– the Independent Expert has concluded that the Scheme is in the best interests of shareholders in the absence of a superior proposal
– the Scheme allows shareholders to retain exposure to potential operational upside in the Coles Group businesses, with Coles’ shareholders owning approximately 44 per cent of the combined Wesfarmers and Coles Group
– as a holder of Wesfarmers Partially Protected Shares shareholders will receive a level of downside protection on your shareholding in Wesfarmers
– shareholders will become a shareholder in Wesfarmers, a company that has a track record of strong financial and operational performance
– as a new Wesfarmers’ shareholder, investors should receive a significant dividend uplift
– many shareholders will be eligible to receive Capital Gains Tax roll-over relief on the share consideration component of the offer
– if the scheme does not proceed, the Coles Group share price is likely to fall
“We believe the process has secured for you, our shareholders, an acceptable and respectable outcome despite a number of complex challenges,” said Allert today.
“If the Scheme is approved by shareholders today, the Company will seek the final approval of the Supreme Court on Friday November 9, which, if granted, will also be the last day of trading of Coles Group shares.”
Allert’s speech follows a year of turmoil for the supermarket retailer which saw its Bi-Lo outlets rebranded to Coles in a “poorly executed Bi-Lo conversion program,” according to Allert.
“Regrettably, while great care was taken in preparing the financial forecasts we had given to the market, on 23 February, 2007 – to the justifiable disappointment of you, our shareholders – we were required to revise our earnings guidance for FY08 to take account of the anticipated impact on Group earnings of a lower sales base in Supermarkets.
“Our revised earnings guidance was for 2008 earnings to grow by approximately 20 percent, rather than the 30 percent we had forecast in September 2006.”
The post Investors Today Vote On Coles Buyout appeared first on Smart Office.
]]>The post Business Rent Rise Tipped appeared first on Smart Office.
]]>In January 2007, PCA measured overall vacancy ratesfor commercial buildings in the Sydney CBD at around 8 per cent and onlyslightly higher in
Commercial rents will likely start to climb within thenext 12 to 18 months, with this market always “lagging the residentialincreases in rent”, according to David Bolt, a Director of North Sydneycommercial property real estate agents Hartigan Bolt.
In his analysis of the figures, Bolt said thetightening market means businesses in both Sydney and North Sydney CBDs areradiating out to St Leonards and Chatswood “because they can no longer findwhat they want closer in”.
“The market is tightening – the vacancies from thelast two or three years are now going away,” Bolt said.
He points out the factors driving low commercialvacancy rates are a combination of low levels of new property constructionpaired with high levels of expansion within businesses, which are in the midstof an extremely positive economic cycle and now deciding to upsize theirbusinesses to take advantage of these conditions.
Bolt attributes much of the capacity constraint to ashortage of suitable sites and also to restrictive council planningrestrictions which severely limit the number of appropriate sites because ofbarriers to re-zoning for commercial use.
“Companies are finally taking more space and movingpremises,” he said, but many are now finding the options are not as broad as inthe past, particularly within the preferred centrally located areas.
In particular, businesses working in the construction,infrastructure and engineering sectors are adding staff and expanding rapidly,buoyed up by what he describes as a “huge non residential building boom goingon in
The post Business Rent Rise Tipped appeared first on Smart Office.
]]>The post Gerry Groans: High Rents Forcing Bricks And Mortar Halt appeared first on Smart Office.
]]>The post Gerry Groans: High Rents Forcing Bricks And Mortar Halt appeared first on Smart Office.
]]>The post Is Big W & Masters Set To Flogged Just Like Dick Smith? appeared first on Smart Office.
]]>The post Is Big W & Masters Set To Flogged Just Like Dick Smith? appeared first on Smart Office.
]]>The post Hotel Industry Buying Up HD TVs And Control4 appeared first on Smart Office.
]]>In the latest move LG Electronics and automation Company Control4 have joined forces to develop an automation system for hotels, which will allow guests to control all aspects of their room experience, including lighting, room temperature, and in-room entertainment systems.
Control4 is currently talking to several hotel and motel groups in Australia according to Nick Libertone the Managing Director of Convergent Technologies the Australian distributor of Control4.
During the past 12 months Control4 Suite Systems has gained tremendous traction in the hotel industry with the recent introduction into the City Center Project in Las Vegas, Mandarin Oriental and Trump SOHO.
Control4 was previously focused on the residential marketplace but recently entered into hospitality marketplace. Jim Gist, VP of development, believes that its value proposition is focused on three key areas: the guest experience utilizing the TV as a portal, the green concept – focused on LEED certification and energy savings and construction cost savings – wireless initiative requires less infrastructure.
By establishing relationships with a number of key in-room technology providers Control4 has already partnered with companies such as Axxess Industries and Saflok to integrate their technology into an overall system. And from their experience in the residential marketplace, Control4 is well positioned to integrate its product lines in mixed use facilities that offer both residential and commercial applications.
“With the inroads Control4 has made in the hotel industry, we believe this is the right time to collaborate on an integrated solution that will deliver a superior guest experience, with more features and convenience than a set-top box approach,” LG’s senior vice president of technology for R&D, Richard Lewis, said. “We look forward to working with Control4 to extend the use and functionality of flat-panel HDTVs beyond entertainment into control and automation for hotel guests.”
A leading research Company also claims that hotels and motels are a major buyer of flat panel HD TV’s with rising occupancy and increased travel rates among both business executives and consumers driving the global hotel industry to upgrade the old CRT-TVs in guest rooms to flat-panel sets, causing hotel TV sales to this segment to rise by nearly a factor of 11% from 2007 to 2012, according to iSuppli.
In Australia many hotels are faced with thousands of TV’s becoming obsolete as soon as the Federal Governments digital TV service mandate comes into effect in February 2013. iSuppli expects to see more hoteliers-including lower-end motels-to adopt HD service and flat-panel displays.
The global hotel industry has been on an upswing for the past three years, said Sanju Khatri, principal analyst for projection and large-screen displays at iSuppli. Despite the economic downturn in the United States, worldwide macroeconomic fundamentals suggest that the hotel market will remain on a growth path for the next few years.
While iSuppli’s forecast of global hotel TV shipments will grow to 9.7 million units by 2012, managing a Compound Annual Growth Rate (CAGR) of 61.5% from 894,527 units in 2007, the revenue growth also is expected to reach US$2.3 billion by 2012, up from US$1.1 billion in 2007.
Long a staple of the CRT-TV market, hotels are switching to Flat Panel Display (FPD) TVs, paralleling the shift that is occurring among consumers, Khatri said, hoteliers are noting that their guests desire more than just the standard hospitality elements that satisfied them in the past, like CRT-TVs.
iSuppli say that the Asia/Pacific region which includes Australia will generate the highest percentage growth for hotel TV shipments over the next few years. Shipments are expected to rise to 1.3 million units in 2012, increasing at a CAGR of 90% from 52,031 units in 2007.
Hoteliers claim that business guests are increasingly bringing their partners or families along with them as they travel, creating mini-vacations by extending their business stays by a few days. Because of this, hoteliers are adjusting their approach to suit entertainment and leisure interests rather than simply catering to a business mindset.
Most luxury and mid-scale hotels now are offering guests a variety of in-room entertainment options, such as High-Definition Television (HDTV), Video on Demand (VOD) and video games, Khatri said.
By offering these types of quality in-room entertainment services, they are hoping to capture more in-room entertainment revenue, differentiate their brands and ensure greater guest satisfaction, which has prompted hoteliers to turn to larger-sized displays with higher resolutions to provide a theatre-like experience inside their hotel rooms.
The post Hotel Industry Buying Up HD TVs And Control4 appeared first on Smart Office.
]]>The post COMMENT: Mosman Faces Being Wiped Out Within 12 Months appeared first on Smart Office.
]]>What Mosman Councillors should have done is taken a ‘What’s
in it for us” approach and while lobbying against amalgamation had a plan
B up their sleeve that involved talking with both Pittwater and Manly Councils
as well as North Sydney.
Because when the shit hits the fan and Mosman has lost its
seat at the table where will the current local Councillors be other than out of
a job.
The post COMMENT: Mosman Faces Being Wiped Out Within 12 Months appeared first on Smart Office.
]]>The post Sydney CBD Commercial Market To Grow Due To Shortages appeared first on Smart Office.
]]>The post Sydney CBD Commercial Market To Grow Due To Shortages appeared first on Smart Office.
]]>