Hints and tips:
...All profits from the sale go towards the programme. michaelkors.com; wfp.org L is for LemlemModel Liya Kebede has made social change central to her fashion brand Lemlem, which she founded in 2007 to preserve...
...Today, it employs more than 1,000 staff and serves a roster of multinational companies in the Philippines that includes Unilever, P&G, L’Oréal and Nestlé....
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...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...
...I very much believe it's going to be a very strong third pillar for our business, and I think it could be a significant P&L contributor to our company, definitely within five years, and definitely within...
...There was little evidence to go by in the during the period but nonetheless valuers took a stringent view, pushing UK yields up 67bps and ERVs down -5.5% l-f-l....
...DC is currently trading at c.9x CY20E P/E and offers a c.5% dividend yield. It is one of the most sensitive stocks in the sector to the £ sterling, given its low margins and supplier pricing power....
...Nordics P&C exposure through If P&C and Topdanmark supports around 60% of Sampo’s dividend, where this is expected to remain stable....
...Enquest and Aker BP go onto the “buy” list “as the levered cashflow winners”....
...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)....
...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%....
...However, the outlook is uncertain, rising one-offs make P&L valuations less relevant and cash conversion is declining. In addition, top management changes add another layer of complexity....
...However, with limited upside to our price target on c.15x P/E 2020E, we downgrade to Hold....
...Over 2009-19, SWMA achieved average organic sales and operating profit growth of c.5% p.a. and c.7%, respectively and EPS growth of 10% p.a....
...L and net debt....
...at the ‘C-suite’....
...P&C outperformed into the corrections in the past 8 years....
...through the P&L....
...Requests, complaints and so on can go in the comment box. For FTAV unfiltered, the Telegram Markets Live chat group offers crowdsourced moment-by-moment commentary....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...L, until the final CMA decision, expected on 11 May....
...The P/E troughed first in the GFC, then P and finally, much later, E (Figure 2). Earnings estimates do not turn until c.10 weeks after the trough in the market....
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
International Edition