Hints and tips:
...It will certainly require evidence of a V-shaped economic recovery to ignite demand for cyclical and value stocks....
...Since 2016, we estimate the Kingfisher P&L has had an £81m transactional benefit from weaker sterling. FX could become a headwind once trade talks are agreed (or not)....
...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...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...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?...
...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
...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....
...Richard Waters in San Francisco 3....
...The progress through the year will also be erratic, as it will be contingent on the interconnected “3 P’s” of the pandemic, psychology and policy....
...Meanwhile, Cisco Systems was the biggest decliner on the S&P 500 falling 7.2 per cent to $31.38 after the communications equipment maker projected a steeper-than-expected drop in sales in the current quarter...
...From the SEC press release: The Securities and Exchange Commission today charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing...
...Aritha Wickramasinghe , associate, K & L Gates 4 Pips Bunce , global head of GM technology integration components, Credit Suisse 5 Nick Deakin , investment banking associate, Citi 6 Mark McBride-Wright...
...The top ranked future leader is Aritha Wickramasinghe of K&L Gates, the law firm....
...“Countries with stronger political systems as measured by their Polity2 scores are less susceptible to TFP slumps.”...
...“Now imagine a system of communication with flames or light or mirrors. I think there existed a people in a network.”...
...US defence contractor L-3 Communications led the declines on the benchmark S&P 500 after the company said it was conducting an investigation into alleged misconduct that led to overstatements of sales and...
...Tibbs Associates JSB Group K Kiln Flame Systems L Leverton Clarke Linguamatics Loch Fyne Oysters London Tradition Lumishore M Marco Marketing VF Maviga International (Holdings) MBDA UK Mechatherm...
...The network acquired portable satellite systems that would allow it to broadcast even when Iraq’s telecommunications systems were destroyed by western bombing. CNN — and Turner — won acclaim....
...They were also considerably less robust, especially in the early stages of the recoveries, which tended to be shallow L-shaped affairs, rather than V-shaped....
...I) Infrared Integrated Systems (I) Integrated Display Systems Intetech (I) Isca UK Italian Beverage Company J J & D Wilkie James H Heal & Company JCB Backhoe Loader Business Unit JD Hughes Group...
...The S&P industrial index was down 0.6 per cent, although these losses were pared somewhat by L-3 Communications , which spiked 4.6 per cent to $86.21 after reports that investors were pushing the defence...
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