Hints and tips:
...Forthcoming highlights include, on May 16, Cimarosa’s rarely heard L’Olimpiade (not strictly an opera about the Olympics, though Paris 2024 is clearly its peg and the games are alluded to in its libretto...
...David Hollingworth, associate director at broker L&C Mortgages, notes that several lenders have increased their stress rates this month, and expects others to follow....
...That’s F-L-I-C. For more information about your rights as a tenant, do check out the Generation Rent website. Jason Butler is on Instagram and Twitter. He’s @jbthewealthman. Timi is @mrmoneyjar....
...Dude ranches In the Rockies west of Denver, the C Lazy U ranch has been welcoming visitors for a taste of cowboy life since the 1920s....
...Although 22 leases were signed in the first half with a rental value of £2.7m, the underlying l-f-l net rental income was down -22%, and along with adjustments for bad debts etc. this resulted in EPRA EPS...
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...at the ‘C-suite’....
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...RMV’s ARPA has increased almost 4x in the last 10 years and now represents c.5% of an agent’s revenue (compared to c.3% for Scout24)....
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
...Film rental charges appeared to be a higher proportion of revenue in Q4. We are alert to the risk of a structural increase in film rental charges....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...This was not because lenders predicted a crash in house prices, says David Hollingworth, a director at broker L & C Mortgages, but because offices had been inundated with requests from existing customers...
...We estimate Whitbread's annual rates bill is c.£120m, equivalent to c.35% of FY20e PBT (Feb YE). Mitchells & Butlers' rates bill is also around c.£100m, c.50% of FY19 PBT (Sep YE)....
...Operating performance: intu’s like-for-like net rental income declined 9.1% in 2019, in line with management’s November guidance of c. 9%....
...David Hollingworth, director at broker L&C Mortgages, said that, depending on the size of the loan, it may be worth opting for a high initial fee for a lower rate regardless of the tax change....
...The winner-takes-all problem seems to go well beyond booth rental anyway....
...C’mon down y’all and live in a Wilsonville, a settlement conceived by Legal & General’s CEO Nigel Wilson....
...The lobby is dominated not by reception desks but by the in house ski rental shop (wonderfully friendly, but then I was their first customer)....
...Just the odd vibration passing through the G.L.A.C.’s innards, set off by huge things, things at the scale of the city....
...Energy will remain his focus, though, including how to generate more renewable energy at a lower price and how to increase energy efficiency....
...The film also featured an early appearance by Eddie Murphy’s street poet Tyrone Green (“C-I-L-L my landlord”)....
...He is currently avoiding closed-ended vehicles such as the F&C Commercial Property Trust....
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