Hints and tips:
...of a libertarian/conservative flavour, and that (b) McKinsey is a consultancy with a strong incentive to say what its corporate clients want to hear....
...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
...A train company might be the only operator that can take you from A to B (though some days you might be quicker walking)....
...There’s a reason Cardi B’s song “Wap” — “He got some money, then that’s where I’m headed/Pussy A-1, just like his credit” — opens the film....
...The total value traded of the security that day (ie the value of each trade totalled up) is about $37.5bn, which looks like a mistake....
...Bank of Jamaica is a crocodile with a key in its mouth, which is undeniably dope, but it also looks slightly like one of those big pennies you’d press at an old-timey museum....
...So equities are a logical place to be, if you are a Japanese investor who wants to preserve the value of his money. No doubt the weak yen has had some effect in lifting Japanese exporters’ earnings....
...But if you’d bought the penny stock back then you’d have made over 150 times your money — even after its recent troubles....
...The CEO will demand no stone goes unturned even for a rivet costing fractions of a penny per device....
...Remind us what’s at stake here and really, how much value could a UK-India trade deal even add to the British economy if one is signed off?...
...And he values the fact that a new generation of farmers will do things differently. Work a bit less. Take the odd holiday. Do a bit of TikTok....
...Walton’s understanding of our inability to resist a bargain built the empire that now employs 2.3mn people, stretches from India to South Africa and commands a market value of roughly $350bn....
...Suncor produced 743,000 barrels of oil a day last year, about 15 per cent of the 4.7mn b/d produced in Canada, which is by far the US’s biggest source of foreign oil....
...80mn b/d by 2050....
...’s market value (which, as a reminder, is the discounted value of its total future cash flows)....
...We've never made a penny of profit. We thought it was not appropriate not to make a small profit. The value that we are asking for the product is way undervalued to the healthcare system....
...Well, likely the cost of one at the supermarket (plus perhaps a couple of extra pennies for the peeling). In the UK, that’d be 35p. In the US, we figure, about the same....
...Saudi Arabia has boosted its oil output by more than 20 per cent in the past month and says it is now producing above 12m b/d. Russian output is more than 11m b/d....
...We see c.$1.1B of equity value (pre-$200M of new equity) at $65/bbl Brent and $1.7B of value at $75/bbl Brent, versus a current market capitalisation of c.$500M....
..., so a very public auction is Plan B....
...TATE has done sterling work on rebuilding its balance sheet and cashflow in recent years, reflected in FY20E ND:EBITDA (inc. IFRS 16) of 0.9x & 1.8x FCF dividend cover....
...Instead, I will increase investment in R&D to £22bn a year. That is the fastest and the largest increase in R&D spend ever....
...In this part of Chile the winters are bitter and the average rainfall is 1,942mm a year. There were also no roads....
...&D before selling anything....
...Knowing WeWork’s need for cash, Berrent and chief financial officer Artie Minson had prepared a plan B....
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