Hints and tips:
...The two academics focused on the 20 M&A and regulatory assignments that S&C worked on for FTX, for which it earned just under $10mn in the months leading up to the exchange’s November 2022 bankruptcy filing...
...Even metrics with better track records, such as cyclically adjusted PEs, or Q-ratios that focus instead on balance sheets, show the S&P to be hugely overvalued....
...Subscribers rose to a peak of 3.41mn in 2019’s accounts, but this figure was restated as just shy of 2mn in 2020’s accounts, and then as 1.1mn in 2021’s accounts....
...“Paul’s passionate about this and I’m happy to support him.”...
...Bankman-Fried claims he had no idea about Wilson’s or Ray’s history with S&C and claims this strengthens his argument that S&C conspired to force him into bankruptcy, appoint its hand-picked CEO and pocket...
...The team has its own distinct ethos, an entrepreneurialism known as “Q culture”. “You can’t talk about Q without smiling, and it’s not the film brand of Q....
...Uhh: 25) Delta One ($1mn for 1.25 per cent) Q: What is Delta One? A: “Delta One is a non-custodial protocol for liquidity provisioning and staking strategies....
...In 2006, the maison bought Villa Empain in Brussels, restoring the house and turning it into a Centre of Art and Dialogue between eastern and western cultures. boghossianjewels.com C is for Brunello CucinelliThe...
...Q Queue Yes, you could get some fancy corporate ticket to Wimbledon....
...saying, ‘I’m going to designate 2 per cent of my cash and as my balance sheet grows, so will that allocation,’ because now they know how to do it....
...· M&S has outlined c£500m of planned cost reductions – including £172m of business rates relief. This is material in the context of a c£3.2bn cost base....
...“They are like Boots or M&S — different sectors, but they are all mid-market, they have all been too slow to adjust and their market shares are being nibbled away from all sides,” he said....
...Boohoo, the online clothes retailer, is valued at 42 times earnings for the same year while M&S and Dixons are both on 6 times. The gap between expected winners and losers has widened to a chasm....
...Asos and H&M are upgraded to “equal weight and Kingfisher joins M&S as “overweight” on valuation grounds....
...I ask if the staff address him as C. Absolutely, he says, and that goes for the prime minister too....
...Elsewhere, it is worth noting the substantive excess liquidity build, with deposits +6% q/q (implying end-2Q LTD of <67%)....
...In recent weeks Next has been trading on its biggest ever valuation premium to both Kingfisher and M&S....
...Capital improved +110bps q/q to 14.2% CT1, ahead of JPMe 13.9% and pre-announced c14%, supported by a 2% decline in RWAs and IFRS transitional impact (0.35%)....
...“They were starting to turn the tide . . . the pandemic happened at the worst time,” said Steve Martin, global chief executive officer of M&C Saatchi Sport & Entertainment, a sponsorship and marketing agency...
...Here’s UBS for a very brief look at AstraZeneca: Q: How did the results compare vs expectations?...
...A reminder also that directors including Sebastian James, the Dixons CEO at the time, along with Katie (now at M&S) Bickerstaffe and Humphrey (ex of M&S, now of Belron) Singer and Andy (Ocado soddie) Harrison...
...Ingesting a 10GB film will, of course, put a dent in your monthly data allowance, so EE (I’m sure others will follow) offers a limitless video data pass on top of your regular data.oneplus.com @thefuturecritic...
...With this in mind, investor focus has understandably turned to liquidity, leading to a strong sell-off in leveraged or cash-constrained stocks including ASOS (Buy), DFS (Buy) and M&S (Buy)....
...M&S agreed to pay £750m for 50 per cent of Ocado’s retail business with the online grocer abandoning its longstanding partnership with Waitrose from 2020....
...ND/EBITDA ended the year at 1.0x, down from 1.3x despite the c£100m headwind from IFRS 16. Q: Has the company's outlook/guidance changed?...
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