Hints and tips:
...(b) 1 f6! gxf6 2 Kxg2 Kg5 3 a4 bxa3 en passant 4 bxa3 Kf5 5 a4 Ke5 6 d6! cxd6 7 c6! dxc6 8 a5 and White queens.. Chess: 2285 1 . . . d1=N!!...
...His Berkshire Hathaway B class shares, at $420, offer a relatively cheaper entry....
...Opec maintained its forecast that global oil demand will increase 2.25mn b/d next year, assuming China reopens successfully....
...Black British Artist Grant, an annual programme giving a leg up to figures within the arts and addressing diversity and visibility across the creative sector. a-cold-wall.com; community.samuel-ross.com B...
...K Knock-up Why is it so much easier to hit nice shots in a knock-up (the warm-up session) than in an actual match?...
...And finally If you’re in New York this week, a) come and say hello at our asset management conference (details below), and b) pop into the Whitney Museum of American Art to see this exhibition of works...
...The book has technical advice on the weight and structure of containers and covers the horticultural science behind the discipline, such as understanding the Nitrogen: Phosphorus: Potassium (N: P: K) ratios...
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...(b) 1 f6! gxf6 2 Kxg2 Kg5 3 a4 bxa3 en passant 4 bxa3 Kf5 5 a4 Ke5 6 d6! cxd6 7 c6! dxc6 8 a5 and White queens.. Chess: 2285 1…d1=N!!...
...1,015: Richard Otley, Wakefield Crossword 16,123: Michael Baylor, France; Scott Forbes, London; Judith Hadley, USA Polymath 1,014: Peter Boyd, Wiltshire Crossword 16,117: Mary Aclandhood, London; Rev T K...
...National Express currently trades at 4.3x December 2022E P/E....
...Our order of preference for H2 is: Tele2 (OW, SEK163 PT), Telia (N, SEK35), Telenor (N, NOK173) and Elisa (UW, €51). Tele2: set up for a beat in 2H20 and a strong rebound in 2021....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...radically differently in different markets: in the US most pensions are governed by rules that stress fiduciary duty to a point where it is hard to choose sustainability options, and self-controlled 401(k)...
...Here’s Barclays: n terms of current market expectations, the adjusted operating profit that they are pointing to is £78.2-83.2m with an average between £80m and £81m....
...Our PT values CPR on 40x 2021 P/E (ex-further M&A) vs Spirits on 23x. ST momentum to hold....
...B relative of small caps relative to large caps is well below its 2009 low and the yield relative is unusually high – P/Es are meaningless in the current environment with loss-making small caps back to peak...
...And here’s JP Morgan Caz on the E&P sector’s looming and largely irrelevant Q1 earnings season....
...This is based on a P/E of 14.5x 22E, set in line with IMI’s 5-year average P/E. The current P/E relative to the sector at a c30% discount is at the low end of the 30 year trading range....
...Home prices increased 1.9 per cent in the 12 months to April, according to the S&P CoreLogic Case-Shiller Index. That compares with 3.5 per cent nationally....
...However, on metrics that smooth out investment, like P/E, BT looks very cheap, on 6x P/E (sector 15x). Our price target remains 130p....
...We value IAG at a P/B 2019 of 0.4x (as for AF-KLM / at a 20% discount to Lufthansa’s P/B multiple in the lows in 2009; IAG was formed in 2011)....
...Harry has n of these coins arranged in a line from left to right....
...Sequencing is critical: P/E troughs, Price then (much later) Earnings We track the move in the P, E and P/E around recession lows....
...N is for net present value — see “accountability”. O is for oligarchy — the new bankster mafia. P is for pump and dump — crypto's raison d'être....
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