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Showing results for Axiom FX Investment Fund II, L.P.
...Europe also boasts the Amundi MSCI India II Ucits ETF, which tracks the same index as the iShares ETF, and the L&G India INR Government Bond Ucits ETF, for those interested in fixed income....
...However, the cost of margin calls should be contained in third-party funds held within the asset management division, LGIM. There’s no direct impact to L&G’s capital position or balance sheet....
...They might be willing to endure quite a few lean years in terms of their own P&L — and even to think about cutting their own costs and headcount — rather than take risks with deals that need stretched assumptions...
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...“Now that fund managers pay for research from their P&L account, the opportunity to make savings is tempting.”...
...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....
...) estimates i.e. an attractive valuation, however: i.) preprovision profit in our base case is declining -2% CAGR ‘19-22E and ii.) our L-T recession scenario sees only 1% p.a....
...Multiple Phase II pipeline readouts expected in 2H’20, but these data points are less key to the company’s current investment thesis: GLPG have three Phase II trial readouts scheduled for 2H’20; namely,...
...• Funds flow to equities relative to bonds has never held up this well (given performance and low bullish sentiment) because: i) bonds risk no longer diversifying, and ii) pension/insurance companies’...
...RB's unmatched P&L flexibility is paving the way for fast improving market share momentum, notably in the 20% of its cells that have been persistent underperformers. ... and for Unilever, a €43/£40 target...
...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....
...Jupiter funds account for £700m of the redemptions, with Merian funds driving the rest....
...Smurfit Kappa hasn’t cancelled its dividend to fund M&A, which is a relief for shareholders and a disappointment for those of us who like writing about M&A....
...through the P&L....
...L, until the final CMA decision, expected on 11 May....
...Table 1 starts with RR’s u/l EBITA in 2022E and then deducts the utilisation of cash provisions, the excess of investment over D&A, then interest and tax....
...L and net debt....
...The shares are now trading on 23x FY20 P/E (five months of consolidation of TI Media) and 19x FY21 P/E (full year of TI), while providing an three-year EPS CAGR of c30%....
...investments: BT mentioned accelerated fibre investments with the aim of eventually building out to 3mn premises annually to reach 20m premises by the mid- to late-2020s....
...Meanwhile, activity flowed from regulated investment banks to a booming private equity industry....
...Global equity funds suffered big outflows of $4.7bn while US and Euro HY credit funds had $6.9bn and $2.3bn of outflows respectively....
...FY19 results last week also indicated that 2H19 saw a – frankly – VAST uptick in NGP investment through the P&L. BAT invested an incremental £700m+ in NGPs in 2019, of which ~£600m came in 2H19....
...We now assume the following: (1) RR’s credit rating will be cut; if S&P cuts its rating then RR will move to non-investment grade. (2) RR will scrap its dividend. (3) We have not modelled an equity raise...
...“There is a growing minority of funds that is moving towards paying for research from their P&L because that is best practice,” he said. “Our view is ultimately: pay for this stuff yourself....
...Overall, while the stock trades on only 0.25x P/TBV there remains no visibility on when it will generate sustainable profits....
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