Hints and tips:
...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
...Method C, announced earlier this month, does the same but with “predictive AI”. All of them, in one way or another, involve taking some of the random chance out of nonce selection....
...resources from high volume global segments and supply of 4680 for Model Y. 2) Double negative on affordability - Higher rates are impacting all OEMs but bigger cuts in new prices have dragged residual values c.10...
...If, knowing this, you want to pay us anyway, please contact Bryce at the usual private number....
...It will also have sunk costs into a process that cannot be recovered, has c.$12m of contingent bonuses to pay in the year to 31/03/24, and potentially a termination fee of c. £11m in respect of the [investment...
...something is better than nothing, says Goodbody analyst John Cronin . . . albeit not by much: On our calculations, were this a standard rights issue (which this is NOT), the theoretical ex-rights price of c.34p...
...There’s a scene where Musk is ejected from Paypal’s C-suite after being nonplussed by Levchin’s demonstration of a Captcha....
...With c.14% of the free float out on loan, it has evidently been a popular short. It’s in this context that the overnight news of bid interest from Amazon (and others) should first be seen....
...Here at FT Alphaville, we have a simple system:— Bryce 👍— BrISA 👎 In our snap analysis of proposals for a UK ISA yesterday, we were not very positive about it, and Craig’s budget judgment (budgment?)...
...(Greek Analyst) — Look out for outlook-at-risk (Liberty Street Economics) — The 3°C scenario: what’s the economic impact of severe global warming?...
...Reports from the time focused on how the C-suite was fed up with trying to keep shareholders happy; the pension stuff appears to refer to UK defined benefit funds....
...Stuff tends to balance out through the cycle — win some lose some — and since Numis C-suite bonuses are tied to total shareholder return there’s an efficient market hypothesis working against any attempt...
...Volume of term fixed income as part of HQLA is small, c. CHF 2.5bn and interest rate risk is fully hedged. Credit exposure to SVB is not material....
...But the truth also is that these core businesses are expected to deliver adjusted EBITDA on a continuing basis of just c. £100 million in 2022 for FY 2022, implying a 5% adj. EBITDA margin....
...Measured by volume or by value, deal flow rose in the fourth quarter of 2023, compared with the quarter before: Better vibes in the C-suite....
...For the first point, JPMorgan’s specialist sales desk sees nothing in particular to worry about: On our definition, CRE is 7% of Deutsche’s loan book or c....
...As such, we see the CET1 ratio dropping below the interim target in 2024 (as a result of losses), but still above regulatory minima at c.12%....
...Series A is worth $10mn in the prospectus versus $18mn in the press release; Series C raised $34mn, not the $64mn reported; Series D is $50mn rather than the approximately $75mn that was announced; etc....
...For example, if we adjust the average annual wage of c£32k down by 10% (£3,200) to reflect higher fuel and food costs, the ratio of mortgage cost to income increases to 55%....
...Names it records have been carefully hand-picked by artisan paralegals from public documents including FTX’s series B, B1 and C funding round announcements....
...Assuming Q4 generating c. ⅓ of annual profits, this should imply around €700m annual net income for around €1.8bn of sales we believe. This would correspond to around 10% of FY21 sales and 50% (!)...
...Job retention might therefore depend not only on knowing a Lightning cable from a USB-C, but on Apple fixing the roach motel that is IOS 16. Good luck to all candidates. (H/T Toby Nangle)...
...C’s a bit cautious; Naked Wines is in big trouble; Hornby belatedly announces a related party transaction with a dull trading update; and Redrow continues to hit record numbers by building too few houses...
...expanded version for the corkboard for those of you following along at home: [Zoom] It would be fascinating to dig into the balance sheets in the filing, but the latest documents that Ray had to work with (c....
...Snapping at their heels were Some Quiz Team and Random Walkers, the latter a combination of brave randos led by Alphaville’s very own Bryce Elder. But what about the people who weren’t there?...
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