Hints and tips:
...family....
...Brothers Joel and Avram, two of the six children of the late Malcolm Glazer, announced later the same month that they would seek outside capital and possibly pursue a full sale of United....
...Of the remainder, 80% are likely to be delayed by an average of 16.6 days with the rest moving indefinitely on line. Of course, we expect children to go back at some point....
...Reflecting the LT margin upside potential, we change our valuation methodology to a DCF using 6.8% WACC and 3.5% terminal growth rate....
...We use a weighted-average DCF to arrive at our TP – a base case of 407p (40%), bear case of 127p (35%), and bull case of 592p (25%)....
...Our DCF-based PT is raised to DKK1000 based on our revised mid-term estimates (WACC 7% & TG 2.5 unchanged)....
...It’s worth noting in the context of criticism over Boohoo’s keep-it-in-the-family corporate governance....
...Our DCF model now values the shares at 199p, which is equivalent to EV/FY19E sales of 1.3 times and a premium to ratings of German auto brands....
...Total viewing was up 4% with online viewing +13%, ITV’s family SOV was down 4% impacted by the volume of BBC’s news output....
...NMC Health’s up after The Capital Group was shown to be a buyer when two of its controlling shareholders, the Butti family, had to liquidate £375m of stock seemingly to meet margin calls....
...Then AB Foods: AB Foods’ 99.9 per cent drop in midmorning cut the value of the Weston family’s majority stake from £6.86bn to slightly over £120....
...We estimate that the market is pricing in a cumulative 1-3Y revenue haircut of 30-50% at easyJet and Ryanair using Credit Suisse HOLT and our DCF models; however, critically, if the market is correct to...
...It reckons pharmacy offers some defence against the relentless march of Amazon, and so was able to persuade the controlling Coutu family to sell. The price may depend on the seller’s motivations, too....
...In 2014, facing escalating threats to her safety and that of her family, she moved to the US....
...(No euphemisms about “spending more time with his family” for Mr Dalio.)...
...How revenue is booked is interesting in and of itself. It’s based on how the fair market value of the $4m brand contract changes based on the DCF valuation....
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