Hints and tips:
...“To their credit, they did more meetings than any firm I have ever worked with.”...
...In our view, the downside risk to M&B’s equity is limited. The upside is dependent on timing: the timing of re-opening; and the timing of asset sales if it really has to come to that....
...However, on metrics that smooth out investment, like P/E, BT looks very cheap, on 6x P/E (sector 15x). Our price target remains 130p....
...We think it’s largely right that the gaming sector will enjoy a V-shaped recovery as sporting events resume....
...The through-the-cycle, sector average one year forward P/E multiple for the asset managers peer group is 13.8x....
...Diane Coyle: I don’t think monetary policy is doing anything other than increase certain asset prices at present....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...B is for blown — as in, “I've blown all my money”. C is for centralisation — which is always going to be quicker and cheaper than blockchain....
...In deep value territory: Stocks are trading at 30-year absolute P/B lows and near relative 2008/09 lows (43). HEI and SGO screen as particularly cheap....
...Estragon:I can't go on like this. Vladimir:That's what you think....
...[B]reakeven rates dropped from 2% to zero rapidly during Sep-Nov 2008....
...Even so, the 36.5-per-cent transfer was a better outcome than secured lenders feared -- senior loans actually rallied at first, according to LCD, part of S&P Global Market Intelligence....
...Stephanie Flanders, chief market strategist for Europe, J P Morgan Asset Management I believe that all of the Chancellor’s headroom could well be exhausted within the next two years, but because of revised...
...Stephanie Flanders, chief market strategist for Europe, J P Morgan Asset Management I do not believe the MPC will raise rates in 2017....
...Stephanie Flanders, chief market strategist for Europe, J P Morgan Asset Management I would expect the economy to slow significantly by the summer as consumers feel the effect of higher inflation and investment...
...Improvements in financial technology that allow people to evade the Gesell tax are increases in the velocity of money, V....
...Forged Products Adder Technology Aero Stanrew Airbus Operations AKQA The Alco Valves Group All3Media International Allstate Northern Ireland Ampetronic A-Safe (UK) Aspen Pumps Axis Productions B...
...W’s claim is credible to V. Also, W has been periodically amortizing V’s credit card debt, so V feels an obligation towards W. 5. V does not do B and does A instead. The outcome?...
...The V we are seeing in asset markets and survey data (if not yet the real data to the same extent) is built on the foundations of extraordinary intervention by authorities which must a) stop and b) be removed...
...Creditors of Intrawest, the resort’s financially troubled operator, have said they intend to hold an auction to sell the company’s assets on February 19....
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