Hints and tips:
...Cramer’s Tip (37 points) 15 (tied). The Full WACC (37 points) 15 (tied). Hidden, poorly internally labeled ‘quiz@’ team name (37 points) 19 (tied). Yanis Varafukthis (35 points) 19 (tied)....
...Virtu’s shares have fallen almost 10 per cent this year even as benchmarks such as the S&P 500 have rallied....
...Tim Rourke, UK Head of P&C pricing, product, claims and underwriting at Willis Towers Watson, said insurers were having to deal with a “cocktail of rising costs”, including rising vehicle theft and long...
...The combined ratio in P&C insurance — a measure of claims and costs as a proportion of premiums — hit a 15-year low of 94.3 per cent....
...“One of them has to be the sense that hourly workers and others can’t be secure about their futures, while the C-suite is doing extremely well.”...
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...“In fact, I have told my broker already to buy on the dip, at the bottom, which I don’t think is far away.”...
...Their anger turned to the markets’ biggest wholesale broker — Citadel Securities....
...Average home prices rose at their fastest rate since 2006 in January, according to S&P Corelogic Case-Shiller indices, a measure of US home prices....
...Additional reporting by Alistair Gray Letter in response to this article: Trump’s fundraisers must share some of the blame / From David C Speedie, Charlottesville, VA, US...
...“You used to have a world where everyone was watching [CNBC presenter] Jim Cramer on TV and he would talk about something and [the stock] would go crazy,” said a trader at a large broker in New York, who...
...Canada-based Innergex Renewable Energy warned of a C$44m-C$60m hit to its Texas wind farms due to “contractual obligations to supply a pre-determined daily generation”....
...to raise c€2.75bn....
...In the year to date, three of the top five leading sectors in the S&P 500 involve technology. A fourth is mobile telephony....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
..., which equates to c$1.4bn per annum....
...A hash on the name means Peel Hunt’s house broker): With Brent up c.80% in two months, E&Ps are slowly shifting mind-set from survival to growth and for cash-rich companies, the opportunity set is increasing...
...For the combined company, Aveva expects a PF revenue of c.£1.2 bn and Adjusted EBIT of c.£330 mn (c.28% margin)....
...Avast currently trades at 21x FY21e P/E or c. 5.5% FCFF yield, a level we continue to view as attractive vs. the wider software sector, especially given WFH benefit as well as optionality around M&A/buybacks...
...JP Morgan -- Jupiter’s corporate broker and joint advisor on its not very popular recent deal to buy Merian -- says to buy Jupiter. “Overweight”, December 2021 target of 300p....
...Hays, the recruitment company, enlisted Bank of America to work with house brokers Jefferies and UBS to raise £200m....
...Morgan Stanley (AstraZeneca’s joint house broker) agrees: There is little-to-no overlap with the core businesses of each company....
...P/E, a c.30% premium to the sector (incl. ASOS and boohoo). JD Sports’s shares have declined c.50% in the last few months, and we see this as an entry point to one of the finest UK retail stocks....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...And Peel Hunt (house broker): The four-member board for Petropavlovsk looks to us to be insufficient to sustain proper governance....
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