Hints and tips:
...BUY: DFS Furniture (DFS) The sofa retailer’s results were not inspiring, but the market has been overly harsh, writes Mitchell Labiak....
...• What DFS calls the ‘strengthening advantage from our hybrid digital and physical offering’....
....$2.15bn net debt at YE20, the equity portion of the company’s enterprise value remains slender. We maintain our HOLD rating....
...This was boosted by five guaranteed works from the collection of Graham Kirkham, founder of the UK furniture business DFS....
...They then apply an enterprise value multiple to generate a share price target of 415p. But others ask whether Mr Marks might be seeking not so much a free supper as a free lunch....
...Founding members of the consortium also include Hewlett Packard Enterprise, the software company, and Kabbage, an online lender which ranks as one of the biggest funders of small businesses in the US....
...DFS found 53 alleged violations....
...Visibility on Ocado’s future revenues is high as new warehouses come into operation but an enterprise valuation of 36 times 2018 ebitda is the highest in the European internet space, said the broker....
..., and mounting debts, including to Ostchem Holding (Group DF)....
...And with more than 80 per cent of sales outside the UK, Enterprise One is “a nice Brexit hedge on a low valuation”, Investec said....
...The bank had failed to tackle problems with its anti-money laundering compliance as required following the 2012 settlement, according to the DFS....
...This story has been amended to clarify that analysts had hoped for a £1bn enterprise value....
...It will be barred from accepting new customers for dollar clearing without prior approval from the DFS....
...The DFS reckons the flaw in the bank’s surveillance systems allowed millions of suspicious payments for Hong Kong and UAE clients to go unreported for years....
...of furniture chain DFS, and Brait, the South African private equity group....
...The enterprise value of the deal is £1.45bn, as there is cash in the business, while the equity value is £1.55bn....
...The equity value of the deal is £1.55bn, but the enterprise value is £1.4bn as there is £150m of surplus cash on the Iceland Foods balance sheet....
...DF: Today’s enterprise is constantly on the move. Not just employees but executives, contractors, partners and so on....
...Meanwhile, DFS, the sofa chain, is considering floating or seeking third-party investment and has attracted interest from Permira, Cinven and Advent....
...He added that Group DF, Mr Firtash’s holding company, had never had any interest in Arbat Prestige nor any links with Mr Nekrasov or Mr Mogilevich....
...During last year’s bid for DFS, it asked Morley Fund Management to issue a formal statement after it expressed opposition to the level of the offer....
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