Hints and tips:
...In 2017, a 37m-high rocket inscribed with Chanel’s double-C logo almost did, rising up like a NASA simulator at the end of its AW17 presentation....
...voters, big C-Conservative voters and Leave voters....
...But he also identified, famously, with his delusional heroine: “Madame Bovary, c’est moi.”...
...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....
...Eve, Rye, England; Christopher Barrat, London; Suzanna Anslow, Surrey, England Polymath 1,055: Roger Forster, Middlesex, England Crossword 16,360: JB Cowperthwait, Florida; Neal Moister, London; Nicola Lancaster...
...“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.”...
...The u/l WC outflow was £16.6m vs £3.9m last year, DSOs increased to 65 days (from 56) as an unwind in receivables was offset by higher accrued income (£57m from £51m at y/e, despite declining sales); the...
...However, at c.18x recovered earnings, we’d prefer to look elsewhere or wait for a cheaper entry point....
...at the ‘C-suite’....
...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....
...We forecast an avg month-end net cash position in FY20 of c.£190m, (from £324m at FY19)....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...Conditions are virtually impossible both on the high street (where c200 post office stores remain open), and in travel (all stores of which are essentially shuttered, apart from the hospital outlets (which...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...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...
...This tends to be c.20% higher....
...Tate now trades on 14.5x CY20E PE, a premium to nearest peer Ingredion and to higher growth mid-cap Consumer stocks such as C&C. This premium is unwarranted in our view, absent a deal....
...More than half of patients in both treatment groups were discharged from the hospital by Day 14 (5-day: 60.0% vs. 10-day: 52.3%; p=0.14)....
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
...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....
...Results from L&G, TT Electronics and Elementis. ... Hostelworld and Wizz Air both give light warnings due to the obvious. ... Malarkey Tuesday. ......
...Credit insurers would be affected by an increase of defaults on payments of receivables caused by supply-chain disruption (among other factors)....
...“L’état, c'est moi — that’s him.” The president’s trip to Beijing this week underscored his strong feelings about the US....
...In the Journal of Economic Perspectives, Joel Mokyr, Chris Vickers, and Nicolas L Ziebarth write: [We] are skeptical for a number reasons that a horizon is relatively near—say, within a few decades—either...
...The group also described trade receivables — amounts recorded as sales but not yet collected from customers — of £560m, about £470m of which appeared to relate to the legal business....
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