Hints and tips:
...This century saw the hotel undergo a full renovation, re-emerging in 2011 as part of the Rosewood group....
...For details of all the resort’s hotels, see valthorens.com December A family adventure in Thailand Experience Travel Group’s new “jungle and secret island adventure” takes families off the beaten track...
...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....
...Management has taken important actions since March: deferring £1bn of capex due in the next three years; raising c£2bn of debt financing and £419m in an equity issuance; and launching a major cost-savings...
...The group’s net debt position stood at £126m at the end of the year, slightly better than our expectations and management’s April guidance and management noted that it is unlikely to draw on the CCFF liquidity...
...at the ‘C-suite’....
...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. .....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...Increased focus on the home, reversing some L-T adverse trends....
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Q4 2019 u/l PBT beat “rebased” consensus expectations by £111m (13%), though the outlook statement is somewhat sobering. ......
...The shares currently trade on a 2020E PE multiple of c.17 times and an EV:Sales multiple of c.0.92 times in the context of Group margins of c.7.6%....
...This stronger foundation should be supported through 2020 as management bandwidth improves further (with only one remaining C-suite role to be filled)....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...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....
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
...The group has c.2.7x ND/EBITDA against a covenant of 4.25x....
...Management reassured on ‘the strong balance sheet, net cash resources and substantial working capital facilities available to the Group in its various territories [..., which are] more than adequate to meet...
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...In 2020, Accor Hotel Group is due to open the 150-bed, four-star Le Meztiva in town, while the French Sezz group, best known for its swanky five-star hotel in St Tropez, plans to open L’Hôtel Le Comte Capré...
...Frederick T.L....
...Tangle Teezer Therapy Box Thomas Miller Claims Management Tissue Solutions Travel Counsellors Turner & Townsend V Veolia Environmental Services UK Vero Software Vetted t/a Checkatrade.com Viezu...
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