Hints and tips:
...His challenge will be to show a serious commitment to safety, without letting up on the AI race. What would be the biggest surprise?...
...Remember, insurance company default fund performance is highly variable....
...Money is pouring into money market funds as investors seek safety: $286bn in March, the FT reports....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...Legal & General Investment Management is planning to vote against the election of several Amazon directors, including founder, former CEO, amateur astronaut and full-time bodybuilder Jeffrey P. Bezos....
...H: Credit Suisse, L: Commerzbank Tiger Global’s main hedge fund has lost about 50 per cent in 2022, wiping out several years of gains. How much did Chase Coleman take home himself in 2020?...
...The stock has also soared from $31 to $135.34 since that listing, inclusive of an over 100 per cent gain in 2021, dramatically outperforming the S&P 500....
...From top to bottom, from CEO compensation to divisional budgeting and P&L to managerial targets, structures and incentives, we’ve built private firms from the ground up to do one thing really well: extract...
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Team DD is watching, from the safety of our couches at least for now, for the industry’s next plot twist....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...’s Vision Fund....
...EV/EBITDA of 270x FY21 BBG consensus); after all, IFRS 15 means that the new Solutions contracts are only reflected in the P&L with a lag....
...However, the outlook is uncertain, rising one-offs make P&L valuations less relevant and cash conversion is declining. In addition, top management changes add another layer of complexity....
...variable portion that is only charged if the fund beats its benchmark index....
...Jupiter funds account for £700m of the redemptions, with Merian funds driving the rest....
...Our forecasts assume the full £500m is invested in land in FY20, and that the benefit in the P&L is seen later 2022 but to a larger extent in FY23....
...Stress testing balance sheets for GFC falls in EBITDA As we move into recession mode, incoming questions from investors have switched from a focus on the P&L to the balance sheet....
...Fire safety: Bellway announced that its investigation into the fire safety of cladding at legacy developments is likely to result in an additional expense in the financial year’....
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...We see about half of our lodging companies’ 2020 capex plans above 5 year company averages and half below; all have ample liquidity to fund current outlooks, but we expect plans are currently being assessed...
...It seems the FM threw a paddy on hearing his fund might be sold and stopped cooperating entirely....
...And because we’re now into a “data’s wrong” phase of the coronavirus hoo-ha, that’s a difficult variable to quantify....
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