Hints and tips:
...Shore Capital reckons they’re inching closer to a breakup: Adjusted PBT of $2,593m (consensus: $2,935m) was down 57% yoy and 14% qoq....
...We forecast the US and RoW to make up 57% of the group’s sales by FY25....
...There was also a change in the discount rate applied for decommissioning costs that had a negative impact (from 3% to 1.75%). Does any of it matter, being non cash? Not hugely....
...We reiterate our Overweight rating and are increasing our price target to $102 from $57 by increasing value for mRNA-1273. .......
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...But does this mean the coronavirus is better or worse than Brexit? Markets appear undecided and time will tell, as time often does....
...We arrive at favourable answers for all four: we expect a V-shaped recovery. Even if 2020 is down €-5b, 2021 will be up by €+8b....
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
...The privilege does not come cheap; tickets cost $250,000 each. To date, Virgin Galactic has amassed about $80m in deposits....
...“I really don’t think Saddam had anything to do with terrorism, but Iran, I believe, does,” said Edward Wtulich, of Goshen, N.Y....
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