Hints and tips:
...Wilson, Windermere; D Barter, Cumbria; Jean-Marc Sellier, California Polymath 1,010: Robert Jelly, Warwickshire Crossword 16,093: V Le Quesne, Salisbury; Sue Topham, Newark; Anthony Evans, Hove Polymath...
...“My friends, I am not a communist,” said Boris Johnson....
...We expect underlying FCF of c.>€1.1 bn in 2021E and FCF to be positive ex WC from 2022. Valuation - Renault trades at c.4.2x 2021E P/E, a c.10% discount to its 3-year median....
...At our PT, the stock would trade at an average 2020/21 P/E of 7.9x, -17% vs. last 24M average P/E; this discount is justifiable, in our view, given Centrica's tight balance sheet. • Updates to follow....
...However, the sales unwind into 2H20-1H21 could be significant, which is a risk given a 2021e P/E ratio of almost 27x....
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
...Quick Hits — What’s on the markets radar The S&P 500 earnings season picks up the pace this week and what stands out so far is the pressure on margins....
...Relative forward P/E of software v semis, commercial & professional services v capital goods and C&P v transportation Bank of England stuck on hold — On Thursday there was consensus among UK policymakers...
...& Johnson Professional Export Johnson Matthey , Emission Control Technologies Jon Tibbs Associates JSB Group K Kiln Flame Systems L Leverton Clarke Linguamatics Loch Fyne Oysters London Tradition...
...Recent transactions include representing Frank McCourt, the owner of the Los Angeles Dodgers, in the $2bn sale of the baseball team to a consortium led by Earvin “Magic” Johnson, the basketball star....
...“I am deeply disappointed in S&P’s decision to enter into the game of political punditry,” Mr Johnson said. S&P declined to comment....
...Johnson Senator John Barrasso...
...Still, it is conceivable the matter could end in the Supreme Court, with the memories of Bush v Gore in 2000 still fresh....
...UNFORGIVABLE BLACKNESS: The Rise and Fall of Jack Johnson by Geoffrey C. Ward Pimlico ₤8.99, 512 pages This year’s William Hill sports book of the year....
...Johnson, Vice Chairman, Perseus, LLC Robert Johnson, Founder, Chairman CEO, BET Interactive Sheila Johnson, CEO, Salamander Development LLC Thomas S....
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