Hints and tips:
...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...
...SSP trades on a CY19 P/E of 21.8x, EV/EBITDA of 9.9x and FCF yield of 5%. This compares to a peak P/E of 25.7x (Sep-18)....
...Norwegian government support for the oil industry is nothing new, but the materiality impresses even us and once again underlines the low-risk element of Norway E&P investments (if they have quality assets...
...As a reference point, a USD10/bbl move in our long term oil prices impacts our fair value on Shell by c. USD35bn....
...at the ‘C-suite’....
...E valuation, significantly above its 3-year historical average of 14.8x NTM P/E....
...BHP’s now looking to sell its mature oil and gas assets beginning with its Bass Strait field off the coast of Australia, having failed to find any Tang dynasty artifacts there either....
...Dixons Carphone currently trades at c.6x CY21E P/E. In non-results sellside the only thing standing out is Gulf Keystone Petroleum. It’s rated a new “buy” at Berenberg, as is Energean Oil & Gas....
...P&C outperformed into the corrections in the past 8 years....
...We cross-check our PT with a 2024E P/E multiple discounted to present value; our PT would imply a 15x P/E multiple vs 23.0x developed Sx pharma 12m forward P/E average....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...• 2) On P/E metric, Cyclicals are not at extremes vs Defensives ... Their P/E relative bottomed at 0.7x and 0.8x in the last two downturns, vs 1.0x current....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...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....
...heart) – and of course this would dilute the over-exposure to the Oil and Gas market....
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Applying a CAPM-derived target P/E of 9.1x to the group’s 2021 earnings implies 12% downside to our 262p price target (previously 367p)....
...That distinction should probably fall to E L de Mole, an Australian who approached the British war office in 1912 with a design that was — in the words of historians Kenneth Macksey and John Batchelor —...
...BASF expects to book a €600m impairment for its oil and gas business owing to slumping prices for the commodities in recent months....
...Would energy companies be spending so much money drilling in the U.S. if it wasn’t for new production technique that made domestic oil and gas production more profitable?...
...Valves Group All3Media International Allstate Northern Ireland Ampetronic A-Safe (UK) Aspen Pumps Axis Productions B The Berkeley Group Holdings BT Technology, Services and Operations Bute Fabrics C...
...C C....
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