After narrowly missing qualification for the 2015 FIFA Under-17 World Cup, Jamaica commenced early preparation for the 2017 edition with a training camp at the Jamaica Football Federation (JFF) Centre at the University of the West Indies, Mona. The camp continued yesterday, with the JFF naming 32 players for the second camp that will end on Thursday. “Well, we are basically in selection process. We started with 32 players last week and are now looking at 32 other players whom are currently in camp,” Under-17 head coach Andrew Edwards told The Gleaner after the early-morning session yesterday. “We want to rank the players in order to properly evaluate each player and have an idea of the best 20 players,” Edwards added. He said the players in camp, both local and overseas based, have responded well to the session so far. “We intend to improve the players by giving them bits of information,” he explained. PRELIMINARY STAGE The JFF is yet to be officially informed of when the Caribbean Football Union qualifiers will start, but Edwards said, “The preliminary stage usually starts in the summer, so we are looking at a 15-month period to qualify for the next Under-17 World Cup”. Jamaica will seek a third berth at the Under-17 World Cup football tournament after qualifying in 1999 and 2011. The nation missed the last staging after being eliminated on penalty kicks by the United States of America at the CONCACAF stage. The players in camp are: Kajeev White (Vauxhall High), Nickashe Murray (Wolmer’s Boys), Demale Sinclair (Jamaica College), Lloyd Reynolds (Holy Trinity High), Jeremy Verley (St George’s College), Romario McPherson (Bridgeport High), Shaquille Smith (Jonathan Grant High), Tyrone Small (Jonathan Grant), Akeem Davis (Munro College), Deandre Smalling (Munro), Tavin Small (Munro), Daniel Russell (Holmwood Technical), Marlando Maxwell (Manchester High), Dwayne Leven (Ptersfield High), Ricardo McIntosh (Clarendon College), Nickque Daley (Clarendon College), Calwayne Allen (St James High), Garnet Hudson (Cornwall College), Richard Thompson (Herbert Morrison High), Damani Osei (Cosby High, USA), Blake White (Home Schooled), Thriston Briscoe (North Babylon, USA), Chad Letts (YSC Academy), Rasheed Martin (Queens Gateway, USA), Jeadine White (St Andrew Technical High), Khalil Dabdoub (Hillel Academy), Jordan Peterkin (Kingston College), Renato Campbell (KC), Jabari Howell (Holy Trinity High), and Cleon Haynes (Wolmer’s Boys).
A woman walks past a signboard of Dewan Housing Finance Corporation Ltd. (DHFL) outside its office on the outskirts of Mumbai, January 31, 2019.ReutersShares in one of India’s biggest home loan and property finance companies, Dewan Housing Finance Ltd (DHFL), are expected to fall sharply on Monday after the lender reported dismal results and warned about its grim financial situation.DHFL reported a net loss of 22.23 billion rupees ($324.3 million) for the quarter ended March 31, in a regulatory filing late on Saturday. It also said it had defaulted on the interest payments due on two non-convertible debentures.”The share price would be impacted significantly. I expect it to be down around 10-15% when markets open as their business has been significantly affected,” said Arun Kejriwal, founder of independent advisory firm Kejriwal Research.The company’s ability to raise funds has been substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements, DHFL said in the note accompanying the results.”The most concerning thing in the result is that increased provisioning amount of 32.8 billion rupees ($478.5 million), which has suddenly come up in Q4FY19,” said Hemindra Hazari, an independent banking analyst, adding this implies either a sudden asset deterioration or that stressed assets are finally getting recognised.”This is not a great sign,” said Hazari.DHFL’s results are the latest sign of growing stress in India’s finance sectors as state-owned banks grapple with bad debts and a recent liquidity crunch in the shadow banking industry.This, in turn, has hurt economic growth, which in the March quarter fell to its lowest level in more than four years, presenting a challenge to Prime Minister Narendra Modi, who recently won a second term in office.RESTRUCTURING PLAN DHFL has said it is talking to bankers and other lenders on restructuring its borrowings and is in discussions to sell its retail and wholesale portfolio.The company will submit a resolution plan shortly, which may include extending the tenure of loans, converting debt into equity, seeking additional working capital and inducting a new management team and financial investors, sources who attended a meeting with its lenders on Thursday told Reuters.”We are in constant touch with the DHFL management and we’re confident that a resolution plan can be worked out in the coming days,” said one of the bankers involved in the recovery process, requesting anonymity.Still, investors say the company’s dire warnings about its financial situation raising doubts around the “ability of the company to continue as a going concern,” will remain in focus when markets open on Monday.”The losses are not surprising but the quantum is definitely surprising,” SP Tulsian, an independent investment adviser told television channel CNBC TV18.”I don’t accept these arguments about the company finding a solution in the next couple of months as that seems unlikely,” he said, noting that DHFL’s management has been trying to sell assets for the last four to six months.