Hints and tips:
...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....
...Jamie Bauer, a local volunteer, said they had been anticipating an indictment since Trump announced his run for the presidency in 2015....
...offer reissues: Alessi produces Hoffmann’s coolly modernist 1906 Rundes Modell cutlery (£599 for a 24-piece set) and Avenue Road’s re-editions include a 1907 dining chair for the Fledermaus cabaret (from C$3,100...
...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...
...Rob Bauer, a finance professor at Maastricht University, said ABP’s divestment decision was “very surprising”....
...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....
...Put simply: they would only charge concentration-camp guard A if they could prove that A had helped murder prisoners B, C and D on a certain date in a certain place....
...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....
...But if Proposition C passes, it will bring a new tide of money that boosts spending by as much as $300m a year....
...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...
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