ungeared


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Adj.1.ungeared - having gears not engaged or disconnected; "the machine's ungeared pinion"
geared - equipped with or connected by gears or having gears engaged
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The ungeared increase in the valuation of the property portfolio over the quarter to 30 September 2015 was 1.
around PS15bn, leaving a core chain that would be potentially ungeared with its pension liabilities covered and a business valued at around 25% of sales and an implied earnings before interest, tax, depreciation and amortisation (Ebitda) multiple of around five or six times.
Suzuki Motorcycle, a subsidiary of Suzuki Motor Corporation (TYO: 7269), has launched its new Access ungeared scooter in India.
The Fund will target opportunities that are expected to allow it to achieve a net IRR of 8-9% for ungeared investors and a net IRR of 12-14% for geared investors.
With an ungeared balance sheet and strong cash generation, management is proposing a dividend yield of 8%, more than double the peer group average of 3%.
Thus, Henry's numeric analysis of taxes paid by property investors assumes that rental property is held ungeared and then sold after seven years.
The port can now attract ungeared ships, and ships without their own cranes.
In addition, the company said the balance sheet is virtually ungeared, providing firepower to finance future growth.
Stuart Law, Assetz managing director says, "Looking forward, I expect ungeared property to roughly equal the stock market but with less volatility.
With its strong, virtually ungeared balance sheet, the company is well placed to weather the continuing tough trading conditions.