Hints and tips:
...But then along comes Zuckerberg slapping an admittedly tiny dividend on his shares and suddenly there’s a sense of “oh so it’s not growth or divs? You can have both? Who knew?”...
...Christian Lucas, co-head of the buyout group’s European operations, became chair of Software AG and another Silver Lake designee joined its board....
...The div/CFFO 2020 payout rebases from 46% to 23% at $40 Brent in Figure 1 and the MT breakeven profile (Table 1) falls from the upper end of the EU supermajor range (>$50/bbl post-divs) to the low end (~...
...Valuation – 21E PE 8x, FCF Yield 7%, Div Yield 4.9% What else? Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...The contract/spot mix is probably most meaningful for Total which saw its mix of LNG cargoes increase to 35% spot in 2Q (from 17% in 1Q20) after a deferral of 9 term cargos which is expected to increase...
...The interim yields 5.8% and the share buyback 3.9%, for a total of 9.7%, which we think is likely to provide support to the shares....
...We estimate BT trades on "only" 5.8x Mar 21e EV/EBITDA, 13.4x EV/OpFCF and a 5.9% unlevered FCF yield. EU incumbent peers trade on 6.8x, 12.2x and 5.9%, respectively....
...Centrica does not report bad debt per segment but in FY19 total bad debt expenses amounted to £203m (0.9% of revenues), up from £150m in FY18 (0.7%)....
...Dividends actually rose by 9% during 1Q....
...We estimate these ETFs account for about 200K in WTI Futures OI — roughly 8%-9% of total WTI Futures OI (we do not include options OI in the denominator)....
...It aims to produce almost half of the world’s lithium hydroxide for electric car batteries by 2027 from 9.5 per cent last year, according to the prospectus....
...M&S shares, having surged 9.7 per cent on Wednesday, rallied a further 5.2 per cent to 467.2p on expectations of further upgrades....
...London stocks were listless ahead of the latest unemployment figures and Bank of England monetary policy meeting minutes, both due at 9.30am local time....
...As this chart shows, today’s spread looks reasonable in comparison with spreads since 2007, excluding the periods of extreme crisis of 2008-9. These arguments are well known....
...The Lost Bank – The Story of Washington Mutual – The Biggest Bank Failure in American History; By Kirsten Grind; Simon and Schuster $27/ £9.99 The demise of Washington Mutual bank in September 2008 resounded...
...Loan terms The bill provides for a total of $14bn in emergency loans, with a seven-year maturity. Interest is set at 5 per cent for the first five years, then 9 per cent....
...Of mid caps, Debenhams, the department stores group, climbed 12.9 per cent to 76½p as short sellers rushed to buy back short positions ahead of Tuesday’s trading update....
...Others moving ex-div included Next, off 1.3 per cent to £13.98, and HSBC, down 0.4 per cent to 946p....
International Edition