Hints and tips:
...One speaker is powered from the mains, the other connected to it by a thick USB-C cable....
...During trips as the Air Force chief of staff, usually in a C-37 business jet, Brown liked to get in the cockpit and perform take-offs and landings, aides said....
...EDF is building its only new nuclear power plant — Hinkley Point C, a project that has been plagued by cost overruns and delays....
...£1,595 Named after the cranesbill geranium, this upholstered piece provides storage while also functioning as a foot rest, coffee table or extra seating. oka.com Etta screen by Dossofiorito for Zilio A&C...
...at the ‘C-suite’....
...to raise c€2.75bn....
...As a result, we expect Purplebricks to start gaining market share again in a stable UK market to reach 8% LT (7% prev.) vs 5% now....
...Zalando is on 1.5x EV/GMV but we have much more confidence in the LT trajectory of margin at Zalando so prefer that name....
...Management guides to c£60mn of net benefit in 2H (c£78m extra costs offset by six month business rates relief of £137mn)....
...According to Bloomberg, consensus is currently forecasting PBT of c£185m (giving EPS of c6.9p) in FY 2020/21 and c.£340m (12.7p) in FY 2021/22....
...This brings the total cut to FY20 EPS since 11 March to c.55%, with c.70% of the downgrade attributable to bad debts, and c.25% to lower demand....
...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)....
...Downgrade HEIA to HOLD as we look for a better entry point into this LT winner, upgrade RBREW to BUY as a defensive. Valuations have held up well in bevs....
...Ibstock reports brick volumes are currently c.-70% YoY and concrete c.-50%, while Forterra reports bricks and blocks currently c.-50% YoY....
...Fever - having a good C-19. We have previously highlighted that Fever is having a good C-19....
...On first glance we look likely to be cutting our forecasts by c.2-3% for FY20 and FY21....
...On current multiples LSL is trading on a PE of 12.8x fo Dec 2020 while Countrywide is on 12.2x our 2020 estimates albeit it has c. £75m of debt vs a market cap of c. £123m....
...As such, our TP rises from 600p to 620p on a 100% weighting for our mid-cycle valuation based on a 13.9x mid-cycle P/E multiple (derived from +2.0% LT growth, 120% market risk premium and 95% cash conversion...
...Target £38: Could get worse before better but we see LT opportunity: We believe the European hotel names are vulnerable to a further setback....
...“This represents 25x 2020 P/E, already a 10 per cent premium to its LT average,” MOST says. Rightmove’s track record of steady earnings growth and cash returns has been impressive....
...Directed by Saul Dibb, 2017 Lionsgate When eager new recruit Lt Raleigh (Asa Butterfield) joins C Company in the trenches during the bloody Spring Offensive of 1918, he is the only one who doesn’t realise...
...While Mr Trump admires military figures, the double act is not an easy fit, and speculation that Lt Gen McMaster “appears to be out” has been circulating for weeks, said one person....
...Lt Gen John Nicholson, US and Nato commander in Afghanistan, told a Senate committee that Pakistan was not putting “adequate pressure” on the al-Qaeda-linked Haqqani network....
...Gen Sharif gives no briefings, meets few outsiders and his only means of communication are tweets sent out by the army’s media cell — headed by the respected Lt Gen Asim Bajwa — which now oversees the country...
...But another officer, Lt Col Isaac Zida, who controls an elite unit, later won a power struggle within the armed forces and took over....
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