Hints and tips:
...Osler raised a series B funding of $50mn at the start of last year, led by Oxford Science Enterprises and Braavos Capital. It will begin a series C fundraising shortly....
...They’re digital tokens backed either by a) dollar-denominated portfolios of safe assets; b) unaudited promises that they have safe assets; or c) magical confidence maths that only work until a death spiral...
...So long as the stalemate persists, there are only three things that can happen that will matter to investors: (a) Russian nuclear escalation, (b) the end of western support for Ukraine, or (c) Russian regime...
...In 2006, the maison bought Villa Empain in Brussels, restoring the house and turning it into a Centre of Art and Dialogue between eastern and western cultures. boghossianjewels.com C is for Brunello CucinelliThe...
...O Over-rule When an umpire reverses a call by a line judge, aka how umpires prove they’re awake. P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics....
...It’s all very colourful though. 5) Fern Labs Inc ($1mn for 5 per cent stake) There’s a company called Fern Labs Inc based at 280 Smith St, Farmingdale, NY 11735, United States, roughly in the middle of...
...He learnt to code languages such as Basic, Pascal and C, and tinkered with the innards of his grandfather’s Olivetti M24, whose green DOS-prompt glow he remembers fondly....
...The credit quality of more than one-tenth of the loans within the benchmark S&P/LSTA leveraged loan index is now judged at C, double C or triple C — ratings that often signal a company is facing severe financial...
...Skin is prepped with a thorough cleanse by one of her highly trained assistants, followed by either microdermabrasion, a gentle peel, an ultrasound infusion of vitamin C and hyaluronic acid, light therapy...
...If the tests reach higher annualised sustained c.€385m revenues, this suggests a DCF valuation of c.€180/share....
...England; Rowan McKittrick, London Polymath 1,062: Susan J Tzotzos, Austria Crossword 16,401: David Jeffrey, Edinburgh; Michael Capparis, New York; J Morton, Glasgow Polymath 1,061: Georges Moroz, Bronx, NY...
...Our back-of-the-envelope $1.5bn WW recurring sales for AZN assumes 250m doses p.a. for developed countries at c.$6 per dose, a discount to estimated US flu vaccine revenue/dose around $11-13 given likely...
...If the bondholders call in their debt, M&B could sell some of its 1,356 securitised pubs (last valued at c£4bn) to pay off c£1.7bn of notes and c£0.3bn of MTM swaps....
...More than 12 per cent of the loans held by CLOs are now rated triple C — often indicative of a company on the brink of collapse, according to S&P Global....
...(NY Times) Simple ways to reduce anxiety during lockdown (FT) The new wartime economy in the era of coronavirus (FT) Coronavirus ‘medicine’ could trigger social breakdown (FT) E.P.A., citing coronavirus...
...Lest we forget, Warren Buffett made a cool $1m by betting that the S&P 500 would outperform a basket of hedge funds chosen by Jeff Tarrant, the founder and chief executive of Protégé Partners over a 10-year...
...M&B “has only sufficient cash to burn until mid-summer 2020 but with a circa 5x PE for FY22E, M&B’s valuation overstates the size of any equity raise,” Jefferies says....
...Fever - having a good C-19. We have previously highlighted that Fever is having a good C-19....
...The shares trade on a FY20E EV/EBIT of 11.3x (falling to 9.1x) and a P/E of 9.0x (falling to 5.7x)....
...At the same time, he divided staff into “A, B and C players”, ranked on a “vitality curve”, with the Cs in the bottom 10 per cent ruthlessly ditched....
...trades at a 60% discount to its NAV of £680m [freehold estate value of c£1.1bn and pre-IFRS16 net debt of c£420m] vs a current market cap of just c£250m). 1:00pm GMT - It’s another bazooka, another whatever-it-takes...
...SSP trades on a CY19 P/E of 21.8x, EV/EBITDA of 9.9x and FCF yield of 5%. This compares to a peak P/E of 25.7x (Sep-18)....
...It also compares to listed peers such as Rathbones on c.15x P/E and SJP (a higher quality business in our view) on c.19x P/E....
...On current multiples LSL is trading on a PE of 12.8x fo Dec 2020 while Countrywide is on 12.2x our 2020 estimates albeit it has c. £75m of debt vs a market cap of c. £123m....
...ratio of 1.0x and a DAX Shiller P/E of 12x....
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