SMALL – Latest News https://latestnews.top Thu, 21 Sep 2023 06:50:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://latestnews.top/wp-content/uploads/2023/05/cropped-licon-32x32.png SMALL – Latest News https://latestnews.top 32 32 Scientists sound alarm as NASA says small chance asteroid ‘Bennu’ the size of the Empire https://latestnews.top/scientists-sound-alarm-as-nasa-says-small-chance-asteroid-bennu-the-size-of-the-empire/ https://latestnews.top/scientists-sound-alarm-as-nasa-says-small-chance-asteroid-bennu-the-size-of-the-empire/#respond Thu, 21 Sep 2023 06:50:14 +0000 https://latestnews.top/scientists-sound-alarm-as-nasa-says-small-chance-asteroid-bennu-the-size-of-the-empire/ NASA has spent seven years trying to prevent Bennu — an asteroid taller than the Empire State Building and named after ancient Egypt‘s fiery bird-god — from crashing cataclysmically into Earth. While Bennu’s chances of impact are just 1-in-2,700, more than five times a person’s chance of being struck by lightning, NASA’s team nevertheless has categorized […]]]>


NASA has spent seven years trying to prevent Bennu — an asteroid taller than the Empire State Building and named after ancient Egypt‘s fiery bird-god — from crashing cataclysmically into Earth.

While Bennu’s chances of impact are just 1-in-2,700, more than five times a person’s chance of being struck by lightning, NASA’s team nevertheless has categorized it as one of the two ‘most hazardous known asteroids.’

In a worst-case scenario, the roughly 510-meter wide, carbon-based behemoth would smash into Earth with 1,200 megatons of energy: 24 times the power of the largest nuclear bomb ever detonated (the Soviet Union’s ‘Tsar Bomba‘).

If it happens, Bennu’s impact would unleash its 1.2 gigaton impact 159 years from this Sunday, on September 24, 2182.

While Bennu is nowhere near the size of the dino-killing, six-mile across space rock that hit the Yucatan 66 million years ago, astronomers believe that the asteroid ‘could cause continental devastation if it became an Earth impactor.’

NASA has spent seven years trying to prevent Bennu — an asteroid taller than the Empire State Building and named after ancient Egypt 's fiery bird-god — from crashing cataclysmically into Earth. Above, Bennu as pictured in a NASA image dated November 16, 2018

NASA has spent seven years trying to prevent Bennu — an asteroid taller than the Empire State Building and named after ancient Egypt ‘s fiery bird-god — from crashing cataclysmically into Earth. Above, Bennu as pictured in a NASA image dated November 16, 2018

On Sunday morning NASA's OSIRIS-REx spacecraft will release its parachute capsule of rock samples from Bennu for a controlled landing in the Great Salt Lake Desert, Utah,

On Sunday morning NASA’s OSIRIS-REx spacecraft will release its parachute capsule of rock samples from Bennu for a controlled landing in the Great Salt Lake Desert, Utah,

When NASA dispatched its OSIRIS-REx spacecraft for a rendezvous with the asteroid on September 8, 2016, part of its mission was to trail Bennu for two years from 2018 to 2020 collecting data to better calculate its future path. 

‘We improved our knowledge of Bennu’s trajectory by a factor of 20,’ Davide Farnocchia of NASA’s Jet Propulsion Laboratory told the journal Science.

Provided humanity lasts that long, NASA will conduct its final risk calculations on Bennu’s orbit during its next near-Earth pass in 2135 – about 47 years before its potential impact.  

‘In 2135, we’ll know for sure,’ Farnocchia said.

In the meantime, Bennu, not unlike its namesake god of creation and rebirth, also has something to tell us about the birth of our solar system.

NASA’s OSIRIS-REx went to Bennu equipped with the tools to map the ancient asteroid, a sort of time capsule of the early solar system, and collect rare samples of this nearly untouched material.

This Sunday, the OSIRIS-REx will drop a payload of 8.8 ounces (250 grams) from its Bennu mission back down to Earth, as the probe skates past approximately 485 miles above our planet’s surface toward its next asteroid rendezvous mission.  

‘This is pure untainted material revealing early solar system secrets,’ astrophysicist Hakeem Oluyesi of Princeton Plasma Physics Laboratory told ABC News about the samples.   

BUILDING BLOCKS OF LIFE MAY BE IN BENNU BOULDERS 

Asteroid Bennu may contain the building blocks of life within its ‘rubble-pile’ surface, and the body was once part of a much larger, water covered world, scientists claim. 

NASA‘s OSIRIS-Rex mission will land on Bennu on October 20 to collect samples of the space rock.

Bennu’s boulders were found to contain a bright vein of carbonate

Bennu’s boulders were found to contain a bright vein of carbonate

As part of the preparations for this mission, six research papers have been published looking at the history and make-up of the near Earth asteroid. 

One of those papers  found evidence of carbon-bearing and organic materials widespread across the surface of Bennu.

These materials were found in veins running through rocks and had to be formed as a result of free flowing water that was on the larger, long destroyed celestial body that created Bennu.

This is the first confirmed detection of these building blocks of life on a near-Earth asteroid.

‘A longshot discovery would be finding biological molecules or even precursor molecules for life,’ according to Oluyesi.

OSIRIS-REx was not only the US space agency’s first-ever asteroid sample collection run.

It is now poised to also become the largest-ever asteroid-sampling mission, besting Japanese space agency JAXA’s collection of 5.4 grams from the asteroid Ryugu in 2020.

But OSIRIS-REx’s mission is still days away from successful completion. 

‘It feels very much like the last few miles of a marathon,’ said Rich Burns, the OSIRIS-REx project manager at NASA’s Goddard Space Flight Center. 

‘A confluence of emotions like pride and joy, coexisting with a determined focus to complete the race well.’

After careening across 63,000 miles of our solar system, and now hurtling towards Earth at a breakneck 28,000 mph, OSIRIS-REx will release its capsule of samples at approximately 4:42 AM Mountain Time (10:42 AM UTC) over Utah. 

The capsule, about the size of a mini-fridge and prepared to withstand friction temperatures twice as hot as molten magma, will be slowed in its descent to Utah’s Great Salt Lake Desert by parachutes. 

Researchers plan to recover the samples from a pre-planned 36-mile by 8.5-mile area on the Pentagon’s Utah Test and Training Range southwest of Salt Lake City. 

Touchdown is expect at a little before 9:00 AM Mountain Time.

All the data collected by the OSIRIS-REx will help in future efforts to deflect Bennu in the event of a worst case scenario. 

But planetary scientist Lindley Johnson of NASA’s Planetary Defense Coordination Office believes such a dire case is unlikely.

‘I don’t think we need to do anything about Bennu,’ as Johnson told Science.

‘This data set [from OSIRIS-REx] will be enormously valuable in assessing deflection technologies,’ according to Johnson who believes that the nearly 50-year window between 2135 and 2182 will be plenty of time to mount an Armageddon-style deflection mission.

Nonetheless, if Bennu were to impact Earth, it would be similar to an explosion of more than 1.1 billion tons of TNT. 

This map by NASA shows the Nightingale Hazard Map and the TAG location (top right) and OSIRIX-REx's robotic arm making contact (bottom right)

This map by NASA shows the Nightingale Hazard Map and the TAG location (top right) and OSIRIX-REx’s robotic arm making contact (bottom right)

When NASA dispatched the OSIRIS-REx spacecraft to Bennu on September 8, 2016, the craft came equipped with the tools to map and collect rare samples of its untouched material dating to the birth of our solar system. Above, orbits of the probe, the asteroid and planet Earth

When NASA dispatched the OSIRIS-REx spacecraft to Bennu on September 8, 2016, the craft came equipped with the tools to map and collect rare samples of its untouched material dating to the birth of our solar system. Above, orbits of the probe, the asteroid and planet Earth

Kelly Fast, program manager for the Near-Earth Object Observations Program at NASA Headquarters in Washington, said in a statement: ‘NASA’s Planetary Defense mission is to find and monitor asteroids and comets that can come near Earth and may pose a hazard to our planet. 

‘We carry out this endeavor through continuing astronomical surveys that collect data to discover previously unknown objects and refine our orbital models for them.

‘The OSIRIS-REx mission has provided an extraordinary opportunity to refine and test these models, helping us better predict where Bennu will be when it makes its close approach to Earth more than a century from now.’

NASA last updated its estimates of the planetary risks posed by Bennu in November 2021, with a paper entitled ‘Ephemeris and hazard assessment for near-Earth asteroid (101955) Bennu based on OSIRIS-REx data,’ published in the journal Icarus.  

While there is a slight chance Bennu will collide with Earth over the next three centuries, the space agency notes there is more than a 99.9 percent probability it will not. 

At about 510 meters, Bennu is larger than both the Empire State Building and the Eiffel Tower

At about 510 meters, Bennu is larger than both the Empire State Building and the Eiffel Tower

Now mission engineers and scientists will study the images from the encounter to analyze changes to the sampling site. They’ll also direct the probe to take pictures of the collection arm to see if any particles stuck to the equipment

Now mission engineers and scientists will study the images from the encounter to analyze changes to the sampling site. They’ll also direct the probe to take pictures of the collection arm to see if any particles stuck to the equipment

Back in 2020, NASA unveiled stunning videos and images showing the moment the spacecraft pulled off its six-second touch-and-go (TAG) mission where it bounced off the Bennu’s surface and picked up samples along the way.

Once completed Sunday, the triumphant $1.16 billion mission will be the first American effort to take a sample from an asteroid with the hopes to unlock secrets about the origin of life on Earth.

NASA’s October 2020 images show how the spacecraft descended within three feet of the target landing spot dubbed Nightingale on the asteroid while avoiding boulders the size of buildings. 

Touchdown! Stunning images taken from the historic OSIRIS-REx mission show the moment the spacecraft touched down on the asteroid Bennu more than 200 million miles away from Earth to collect a sample of dirt and dust Tuesday night. Above is the moment the spacecraft's 11-foot robotic arm made initial contact with the asteroid's surface and smashed some porous rock

Touchdown! Stunning images taken from the historic OSIRIS-REx mission show the moment the spacecraft touched down on the asteroid Bennu more than 200 million miles away from Earth to collect a sample of dirt and dust Tuesday night. Above is the moment the spacecraft’s 11-foot robotic arm made initial contact with the asteroid’s surface and smashed some porous rock

A nitrogen gas bottle then fired on the surface to kick up material like rocks and dust and suck it up in a 'rubble shower'. The crushed rocks and dust pictured floating in the air

A nitrogen gas bottle then fired on the surface to kick up material like rocks and dust and suck it up in a ‘rubble shower’. The crushed rocks and dust pictured floating in the air 

Upon contact, the spacecraft’s 11-foot robotic arm can then be seen smashing some porous rock upon initial impact with the surface.

A nitrogen gas bottle then fired on the surface to stir up material and suck it up in a ‘rubble shower’.

The spacecraft spent five seconds of the six seconds on Bennu collecting the material before backing away, with a majority of the sample collected in the first three seconds.

Three years later, fruits of those six seconds, a smaller safer piece of Bennu will finally collide gently with Earth. 

Explained: The difference between an asteroid, meteorite and other space rocks

An asteroid is a large chunk of rock left over from collisions or the early solar system. Most are located between Mars and Jupiter in the Main Belt.

A comet is a rock covered in ice, methane and other compounds. Their orbits take them much further out of the solar system.

A meteor is what astronomers call a flash of light in the atmosphere when debris burns up.

This debris itself is known as a meteoroid. Most are so small they are vapourised in the atmosphere.

If any of this meteoroid makes it to Earth, it is called a meteorite.

Meteors, meteoroids and meteorites normally originate from asteroids and comets.

For example, if Earth passes through the tail of a comet, much of the debris burns up in the atmosphere, forming a meteor shower.



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How a pandemic tax break for small businesses – which has already cost taxpayers billions https://latestnews.top/how-a-pandemic-tax-break-for-small-businesses-which-has-already-cost-taxpayers-billions/ https://latestnews.top/how-a-pandemic-tax-break-for-small-businesses-which-has-already-cost-taxpayers-billions/#respond Tue, 12 Sep 2023 12:48:59 +0000 https://latestnews.top/2023/09/12/how-a-pandemic-tax-break-for-small-businesses-which-has-already-cost-taxpayers-billions/ How a pandemic tax break for small businesses – which has already cost taxpayers billions – has turned into a ‘modern gold rush’ thanks to consultancy firm plugged by Shark Tank star Kevin O’Leary Employee Retention Credit was created as an emergency response to lockdown Relief expired in late 2021 but businesses have until April […]]]>


How a pandemic tax break for small businesses – which has already cost taxpayers billions – has turned into a ‘modern gold rush’ thanks to consultancy firm plugged by Shark Tank star Kevin O’Leary

  • Employee Retention Credit was created as an emergency response to lockdown
  • Relief expired in late 2021 but businesses have until April 2025 to file a claim
  • Firm Bottom Line Concepts – plugged by O’Leary – charges 15-25% fees to help business receive a payout

A pandemic tax break for small businesses has turned into a ‘modern-day gold rush’ as consultancy firms charge fees to help entrepreneurs get their hands on Government cash. 

The Employee Retention Credit (ERC) – which offers up to $26,000 for each worker a company kept employed during lockdown – has already cost taxpayers more than $150 billion.   

And by July that figure could be as high as $220 billion, according to investment bank Piper Sandler. It would mean the relief has cost more than triple Congress‘ initial estimates.

The spike in payouts is partly fueled by relentless advertising from firms who help entrepreneurs work out what they are owed. Among them is ‘Bottom Line Concepts’ – a business plugged frequently by Shark Tank star Kevin O’Leary.

Bottom Line has helped clients pursue more than $6 billion in ERC refunds, helping them to earn as much as $1 billion, according to the Wall Street Journal

By July the total cost of the ERC program could be as high as $220 billion, according to investment bank Piper Sandler. It would mean the relief has cost more than triple Congress ' initial estimates

By July the total cost of the ERC program could be as high as $220 billion, according to investment bank Piper Sandler. It would mean the relief has cost more than triple Congress ‘ initial estimates

It charges between 15 and 25 percent fees for any refund it helps a customer secure. Around 10 percent of this sum is then passed onto its ‘affiliates’ who introduce clients to the firm, the WSJ reports.

Bottom Line told DailyMail.com that the ERC filing is a ‘highly complex’ operation and the fees cover the cost of its expertise. The business employs certified public accountants, attorneys and former IRS officials among others to help smooth the process for filers.

Congress devised the ERC in 2020 as an emergency measure to keep employees on payrolls during the pandemic. 

The relief expired in late 2021 however the window to claim the credit retrospectively is open until April 2025.

It has prompted a spate of email, text and broadcast adverts from firms like Bottom Line. The company, based in North Miami Beach, Florida, points out it complies with the law, follows IRS guidelines and comes with no upfront fees.

The spike in payouts is partly fueled by aggressive advertising from firms who help entrepreneurs work out what they are owed. Among them is 'Bottom Line Concepts' - a business plugged frequently by Shark Tank star Kevin O'Leary

The spike in payouts is partly fueled by aggressive advertising from firms who help entrepreneurs work out what they are owed. Among them is ‘Bottom Line Concepts’ – a business plugged frequently by Shark Tank star Kevin O’Leary

In one online video, 46-year-old founder Josh Fox promises: ‘You would make $1.3 million if you can bring 100 clients to us in a two-year period. This is your opportunity.’

In another clip, he adds: ‘This is the modern-day gold rush.’

Business has been bolstered by repeated endorsements from O’Leary who meets with the team at least weekly, according to the WSJ

The TV entrepreneur and Bottom Line are both partners in WonderTrust – a website for booking ERC claims. WonderTrust has submitted $140 million in ERC claims for more than 780 employers. 

In a video uploaded to O’Leary’s YouTube page, he is filmed sitting next to Fox to discuss the credits. 

He tells the camera: ‘All my people teamed up with Bottom Line Concepts and said ‘look, let’s form a partnership and get the word out there. 

Business Line's founder Joshua Fox is pictured with Christina Ricci and Jason Binn at a media event in New York in March this year

Business Line’s founder Joshua Fox is pictured with Christina Ricci and Jason Binn at a media event in New York in March this year

‘Let’s go to town and get every small business in America to apply for this and if they do qualify let’s get them an expert to actually go through the whole program and get their application in front of the IRS as fast as possible.’

The IRS does not comment on specific companies but back in July the agency’s commissioner Danny Werfel said: ‘The amount of misleading marketing around this credit is staggering.

‘This was not how the law was intended to work.’

Bottom Line was set up in 2009 originally to help companies reduce their shipping, utility and office-supply bills and claim tax benefits. 

Today, the ERC accounts for more than 75 percent if its revenue, the Wall Street Journal reported.

A spokeswoman for Bottom Line said: ‘We are proud of the company’s record of delivering valuable services to American businesses with no upfront fees in a compliant and transparent manner, including educating small businesses on the ERC program and helping them reinvest in their business and their workforce to the benefit of local communities across the country.’

Representatives for Kevin O’Leary were also approached for comment.



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Mum reveals genius packing hacks for fitting a week’s worth of clothing into a small https://latestnews.top/mum-reveals-genius-packing-hacks-for-fitting-a-weeks-worth-of-clothing-into-a-small/ https://latestnews.top/mum-reveals-genius-packing-hacks-for-fitting-a-weeks-worth-of-clothing-into-a-small/#respond Mon, 21 Aug 2023 04:36:16 +0000 https://latestnews.top/2023/08/21/mum-reveals-genius-packing-hacks-for-fitting-a-weeks-worth-of-clothing-into-a-small/ Jenna Carr, who goes by the name ‘The Travel Mum’ on TikTok, has revealed how she fits a week’s worth of clothes into a single carry-on rucksack A globe-trotting mum has found a way to fit a week’s worth of clothes into a single carry-on rucksack – and she’s convinced her packing method will help […]]]>


Jenna Carr, who goes by the name 'The Travel Mum' on TikTok, has revealed how she fits a week¿s worth of clothes into a single carry-on rucksack

Jenna Carr, who goes by the name ‘The Travel Mum’ on TikTok, has revealed how she fits a week’s worth of clothes into a single carry-on rucksack

A globe-trotting mum has found a way to fit a week’s worth of clothes into a single carry-on rucksack – and she’s convinced her packing method will help travellers save ‘hundreds’ on ‘extortionate’ airline baggage fees.

Jenna Carr, who goes by the name ‘The Travel Mum’ on TikTok, shared a video online that shows her squeezing everything from holiday outfits to cosmetics and footwear into a small blue backpack ahead of a recent family getaway, saving her from paying for extra baggage.

‘Budget airlines allow you to bring a free “personal item” on board,’ the 33-year-old explains, adding: ‘Each passenger, including children, gets their own rucksack.’

The mum of one, from Worksop, Nottinghamshire, says: ‘Over time the hundreds of pounds you save on luggage really adds up. By making a few changes to how we travel as a family we’ve been able to travel so much more.’

The footage – which has garnered more than 31,000 views – shows Jenna gesturing to a small backpack and noting: ‘We’re going to use a vacuum bag to get double the amount of clothes in there.’

Jenna uses vacuum seal bags to carry her clothing in a rucksack - avoiding paying 'extortionate' baggage fees. ¿Budget airlines allow you to bring a free ¿personal item¿ on board,' she says

Jenna uses vacuum seal bags to carry her clothing in a rucksack – avoiding paying ‘extortionate’ baggage fees. ‘Budget airlines allow you to bring a free “personal item” on board,’ she says 

Former NHS doctor Jenna vacuums the air out of the bag to halve the room her clothes take up

Jenna vacuums air from the plastic sealed bag once it¿s placed inside the backpack, so it moulds to the shape of the rucksack

Former NHS doctor Jenna vacuums the air out of the bag to halve the room her clothes take up. She also vacuums air from the plastic sealed bag once it’s placed inside the backpack, so it moulds to the shape of the rucksack

Jenna reveals she vacuums air from the plastic sealed bag once it’s placed inside the backpack, so it moulds to the shape of the rucksack.

In the clip, Jenna – who worked as an NHS doctor before leaving her medical career behind to become a full-time content creator – remarks that thanks to the vacuum packing trick, she still has ‘a lot more space’ to fit extra items into her backpack. 

Next, she explains how she wears her ‘bulkier’ shoes on the plane and wraps her smaller shoes – such as sandals – in cling film to keep everything else in her bag clean.

After vacuum-packing her clothes, Jenna points out that she 'still has 'a lot more space' to fit more items in her backpack

The TikToker puts underwear in a zip-seal freezer bag which can be reduced in size using a vacuum

After vacuum-packing her clothes, Jenna points out that she ‘still has ‘a lot more space’ to fit more items in her backpack. The TikToker puts underwear in a zip-seal freezer bag (right) which can be reduced in size using a vacuum

Jenna wears her ¿bulkier¿ shoes on the plane and wraps her smaller shoes - such as sandals - in cling film to keep everything else in her bag clean

Jenna wears her ‘bulkier’ shoes on the plane and wraps her smaller shoes – such as sandals – in cling film to keep everything else in her bag clean

¿Food bags are great for keeping things organised,¿ Jenna says

The mum-of-one uses refillable travel perfume bottles to take her perfume with her on her trip

‘Food bags (left) are great for keeping things organised,’ Jenna says. The mum-of-one uses refillable travel perfume bottles (right) to take her perfume with her on her trip

Jenna, who has 367,000 TikTok followers and counting, then reveals she puts underwear in a zip-seal freezer bag which can also be reduced in size using a vacuum. She uses the freezer bags as a ‘place to put used underwear’ during the trip, she reveals.

When one user wondered whether she finds her clothes get quite creased after they’ve been vacuum-packed, she replied: ‘It depends on the material, most things survive it pretty well.’

Her next tip? ‘Food bags are great for keeping things organised,’ Jenna says. She explains how she likes to put her jewellery and her non-liquid makeup – which doesn’t need to be removed from her bag at security – into plastic food bags to keep them separate.

Each passenger, including children, is permitted to take a rucksack on board the flight for free, Jenna explains

Each passenger, including children, is permitted to take a rucksack on board the flight for free, Jenna explains 

Jenna puts her laptop and liquids in WHSmith carrier bags as they don¿t count as carry-on luggage

Jenna puts her laptop and liquids in WHSmith carrier bags as they don’t count as carry-on luggage

Next, she demonstrates how she uses refillable travel perfume bottles to take her perfume with her on her trips. 

She says: ‘I only take liquids that would be too expensive to buy when I get there.’

Her final trick? She puts her laptop and liquids in WHSmith carrier bags, explaining: ‘When I’m boarding the plane, it just looks like I’ve been shopping.’

Plastic carrier bags from shops within the airport don’t count as carry-on luggage, Jenna explains.

The reaction from her followers was a positive one, with ‘user0957747756’ writing: ‘WHSmith bag is such a good tip!’

And user ‘Shouldaknownbetta’ declared that the hacks are ‘amazing’.



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Footy hall of fame star makes a small fortune from the $450million sale of popular https://latestnews.top/footy-hall-of-fame-star-makes-a-small-fortune-from-the-450million-sale-of-popular/ https://latestnews.top/footy-hall-of-fame-star-makes-a-small-fortune-from-the-450million-sale-of-popular/#respond Fri, 04 Aug 2023 06:12:16 +0000 https://latestnews.top/2023/08/04/footy-hall-of-fame-star-makes-a-small-fortune-from-the-450million-sale-of-popular/ Footy hall of fame star makes a small fortune from the $450million sale of popular tanning brand Bondi Sands to a Japanese beauty firm Former player invested in son’s company  Had to weather some early problems with the brand  Is now laughing all the way to the bank  By Josh Alston For Daily Mail Australia […]]]>


Footy hall of fame star makes a small fortune from the $450million sale of popular tanning brand Bondi Sands to a Japanese beauty firm

  • Former player invested in son’s company 
  • Had to weather some early problems with the brand 
  • Is now laughing all the way to the bank 

AFL Hall of Fame star Garry Wilson’s decision to back his son’s fledgling business has made the former Fitzroy rover filthy rich, with the company selling for $450million to Japanese-owned multinational company Kao Group.

Wilson, nicknamed Flea, was regarded as one of the best players of his era after playing 14 seasons with the Lions from 1971-84.

Known for his courage and trademark headgear, Wilson played 268 games and kicked 452 goals averaging 25 possessions and 1.7 goals per game as a rover.

In retirement, he became a seed investor for his son’s business Bondi Sands – a decision that has now made him a multi-millionaire.

AFL Hall of Fame star Garry Wilson has every reason to smile after his decision to invest in his son's business Bondi Sands resulted in a $450million windfall

AFL Hall of Fame star Garry Wilson has every reason to smile after his decision to invest in his son’s business Bondi Sands resulted in a $450million windfall

Shaun Wilson (pictured right) is Garry Wilson's son and co-founder of Bondi Sands, which sold to Japanese-owned multinational company Kao Group this week

Shaun Wilson (pictured right) is Garry Wilson’s son and co-founder of Bondi Sands, which sold to Japanese-owned multinational company Kao Group this week

No other tanning product comes to Bondi Sands in Australia and the company also has a hugely popular SPF range as well

No other tanning product comes to Bondi Sands in Australia and the company also has a hugely popular SPF range as well

It was a shaky start for the tanning product company when it launched 11 years ago, though, with an early batch turning customer’s skin green and necessitating a recall.

‘It was not the greatest start,’ his son and Bondi Sands CEO Shaun Wilson said in 2020. 

‘The quality control of one of the ingredients was not up to scratch and we had to do a recall. We faced up to it and were honest with our wholesaler Priceline and they gave us another chance.’

However the company quickly rebounded to become the most iconic tanning product in the country, recording growth of around 55 per cent year on year.

Bondi Sands is set to report annual revenue of $190million for 2023, is the leading self-tanning product in Australia and includes a hugely successful SPF product range available for sale locally and in the UK.

Wilson changed the way the game was played during his VFL career in the 1970s and 1980s and created the template of the modern goal-scoring rover

Wilson changed the way the game was played during his VFL career in the 1970s and 1980s and created the template of the modern goal-scoring rover

Wilson, pictured right, was known for his trademark headgear and earned the nickname Flea partially because of his diminutive stature

Wilson, pictured right, was known for his trademark headgear and earned the nickname Flea partially because of his diminutive stature

Shaun Wilson also became engaged to model girlfriend Tess Shanahan this week to cap off a huge week

Shaun Wilson also became engaged to model girlfriend Tess Shanahan this week to cap off a huge week

Garry Wilson was one of three investors in those early days, including his son Shaun and co-founder and Melbourne businessmen Blair James.

Shaun said the deal with Kao will be transformational for the brand. 

We’ve really just scratched the surface in terms of our growth opportunities and myself and the leadership team, we are fully committed to that, and it’s exciting to partner up with Kao,’ Mr Wilson told The Australian Financial Review.

‘America is a big focus for the company, we just launched into Walmart so that’s 4000 doors next month. We also have strong distribution with Ulta, Walgreens, CVS and Target, and we are leaders on Amazon.’

‘We want to be a leader in the global skincare protection business,’ he said. ‘We’ve got the fastest growing SPF business in Australia, and in the UK.’

It caps off a huge week for Shaun, who also became engaged to model girlfriend Tess Shanahan in an elaborate beach proposal.



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SMALL CAP MOVERS: Boardroom drama at Revolution Beauty https://latestnews.top/small-cap-movers-boardroom-drama-at-revolution-beauty/ https://latestnews.top/small-cap-movers-boardroom-drama-at-revolution-beauty/#respond Fri, 30 Jun 2023 20:30:47 +0000 https://latestnews.top/2023/06/30/small-cap-movers-boardroom-drama-at-revolution-beauty/ Forget Thames Water, the real boardroom drama this week was at the cosmetics small-cap Revolution Beauty.  Online retailer and 26.6 per cent Revolution shareholder Boohoo has tried to wrest control of the AIM-listed company through a hostile takeover and ousting of Revolution’s board. This came to a head at Wednesday’s annual general meeting, when a […]]]>


Forget Thames Water, the real boardroom drama this week was at the cosmetics small-cap Revolution Beauty. 

Online retailer and 26.6 per cent Revolution shareholder Boohoo has tried to wrest control of the AIM-listed company through a hostile takeover and ousting of Revolution’s board.

This came to a head at Wednesday’s annual general meeting, when a shareholder showdown saw chief executive Bob Holt, chief financial officer Elizabeth Lake, and chair Derek Zissman voted out.

Non-executive director Jeremy Schwartz briefly became the sole board member. His first responsibility under the company’s articles of association was to hire three more members.

Revolution and boohoo have exchanged vitriolic words all week

Revolution and boohoo have exchanged vitriolic words all week

After brief contemplation, he selected Bob Holt as chief executive, Elizabeth Lake as chief financial officer, and Derek Zissman as chair. Fancy that.

Revolution and Boohoo have exchanged vitriolic words all week, accusing each other of being self-serving.

As we all know, investors hate instability, yet Revolution’s share price rocketed 53 per cent higher on Wednesday, though that doesn’t tell the whole story.

Shares were actually suspended since September 2022 for failing to publish company accounts amid Minto’s contentious departure.

Come Friday, as the tumultuous week comes to a close, Revolution shares remained 26 per cent higher since Wednesday’s readmission.

The same can’t be said for the broader Aim All-Share Index, which ended the week around 2 per cent lower at 751.84, underperforming considerably against the FTSE 100 index’s 0.8 per cent add.

The gap would likely have been wider if the blue-chip utility segment didn’t cop a beating, with Severn Trent, United Utilities and BT Group among the worst large-cap performers. It appears that Thames Water is causing contamination in more ways than one.

That stocks underperformed this week is hardly a surprise, what with last week’s bruising half-a-percentage point interest rate hike, though with income stocks out of favour on the premium segment, some pass through to the lower end of the market could have been assumed.

Speaking of which, Caspian Sunrise, the AIM-quoted Kazakhstan-focused oiler, took a 30 per cent beating on Friday after scrapping its dividend payment for the foreseeable future.

The group has found itself the unintended victim of the Ukraine conflict insomuch as it has layered in additional costs and, crucially, copped an $18million loss of revenue. Shares fell from 4.3p to 2.82p.

African phosphate producer Kropz‘s shares also plunged over 40 per cent after revealing that its shares will be suspended from trading on AIM after failing to publish its annual reports.

The same fate beset Trackwise Designs, with shares in the printed circuit technology manufacturer crashing 70 per cent failing to provide financial statements for the last financial year.

Trackwise said manufacturing delays and ‘intense demands upon the entire management team’ have caused delays in the financial auditing process’. Shares have now been suspended.

Outside of the heavy industries, video game group tinyBuild plummeted 70 per cent after the firm said its first-half performance had undershot expectations.

tinyBuild pinned the blame on the underperformance of two acquisitions- US publisher Versus Evil and Brazil-based developer Red Cerberus.

On the bullish side was banknote printer De La Rue, which shot up over 50 per cent following indications of a recovery in currency demand and a robust performance in its authentication business, particularly in the latter half of the year.

This marks a turnaround from April, when the Basingstoke-based group dished out a profit warning.

Renalytix was a top mover In the pharmaceuticals segment, closing the week 44 per cent higher on the back of the US Food and Drug Administration (FDA) granting marketing authorisation for its KidneyIntelX.dkd prognostic test.

Prospex Energy was a top riser in the energy sector, gaining 10 per cent after bullish news emerged from its Italy-based gas field.

But the real energy stand out was Invinity Energy Systems, which added nearly 40 per cent in what can only be considered a vindication of its full-year trading statement published on Wednesday.

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