Hints and tips:
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...and this year announced the investment of €1mn in the Himalayan Regenerative Fashion Living Lab, which helps develop regenerative farming and support textile makers in the area. brunellocucinelli.com D...
...In New Delhi, she’d stare out her classroom window, dreaming of flying the planes that soared past....
...She’d given him a chance, despite his C$10,000-per-month fee, because, as she told me, he had public relations and TV experience as well as a Harvard degree....
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...The pinnacle of chic once upon an early-’90s time, the W brand had lost much of its cachet....
...When asked about what path the S&P 500 recovery will take, W remained the most popular choice with 45% percent of the vote. Just 30% expect a V shaped recovery in the stock market....
...(WSJ) What else we’re reading Just one in 10 fund managers expect V-shaped recovery V, U, W, L — just a handful of the letter-shaped recoveries that investors have put forward as possible paths for the...
...Recently announced a new €3bn revolving credit facility....
...● Liquidity: the company estimates that at the low point (post W/C outflow, pre reopening) it would have retained over £60m of headroom against facilities....
...[W]e think that, even considering the liquidity of the stabilization package, shares do not reflect the impact of Covid-19....
...Sit back, relax and enjoy the first day of the V-shaped recovery. ... Which is not to suggest that - ... Neverthele - ... Yet let’s not overlook the fact tha - ... If you’ll just let me fini - ......
...Best placed if the recovery is W shaped: Hays' average cons FY20/21e EPS are cut by c.70% YTD vs. 35-60% downgrades for others. We see limited downside even if the recovery is W shaped....
...Revenues in military fell 15% reflecting disruption from the three-week facility shutdown....
...BYG still has all facilities open. Downgrade Hammerson to Reduce and cut TP to 52p from 83p....
...Here’s Commerzbank: Equity markets staged a decent rally last week with e.g. the S&P 500 up 10.4% w/w, and weekly trough to peak performance exceeding 20%....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...In contrast, Centrica's liquidity position is healthy, with current facilities expected to comfortably cover debts maturing over FY20-21....
...However, Forterra will consolidate its concrete facilities which will involve mothballing its Swadlincote facility given demand for hollowcore flooring is expected to remain weak (this sells largely into...
...It also has access to the Bank of England’s CCFF facility in case it needs it. Exceptional charges are £309mn including an inventory provision for Primark of £284mn (c.4% of last year’s sales)....
...DC has secured an addition £266mn RCF, resulting in total committed facilities in excess of £1350mn and over £1bn of unutilized committed facilities as year-end....
...[W]e have already seen QE being stepped up significantly in the US, the UK and Europe....
...Back to Goldman: Taking into account updated core-OPEC production guidance from April, this headline deal represents a 12.4mb/d cut from claimed April OPEC+ production but only a 7.2mb/d cut from 1Q20 average...
...£3bn revolving credit facility with a new multi currency €3.5bn facility....
...However, at c.18x recovered earnings, we’d prefer to look elsewhere or wait for a cheaper entry point....
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