Hints and tips:
...We’re just a couple of guys who read the newspaper....
...Despite a sell-off in technology stocks last year and UK market rally, the FTSE 100 trades at a much lower valuation relative to company profits than Germany’s DAX or the S&P 500 in the US....
...And it means that some deals will still be done — those where the opportunity is a genuine slam dunk, and those where the PE guys get itchy trigger fingers....
...The fact that Cruise has held a pilot’s licence since 1994 and flies a P-51 Mustang only helps maintain the delicious illusion that everything in Maverick is real....
...Race Capital II, LP . . . Lifelike Capital [ridiculously minimalist website award winner] . . . ....
...Recent transactions included sales by Bruin E&P, a PE-backed company that went bankrupt in July, and Grenadier Energy Partners II, backed by EnCap and Kayne Anderson, two big private oil industry investors...
...The S&P 500 now has a price/earnings multiple of 24; many banks trade at 10 to 12 times earnings....
...Until recently, the chief claim to fame of the small French town of Florange was as the seat of Lothair II, the Saxon king of Lorraine who fell out with the Pope after he tried to leave his wife for his...
...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....
...Without conviction in wider P&P sector pricing upside near term and the stock likely being put in the penalty box by some investors as they question earnings resilience, in our view DS Smith lacks near-term...
...Trading at 30x ‘20 P/E, Rightmove’s premium vs. Auto Trader now stands at 30%, more than double its historical median....
...We should also note this guy, who’s doing his thing: A reminder that Donald Trump, who despite everything remains The Actual President of the United States, tweeted on April 2 that a deal to end the oil...
...“Mifid II has certainly been a part of it.”...
...Put simply, a negative move in the S&P requires the counterparty to short more S&P and the increase in vol means that the amount they have to short will be even larger than normal....
...Luigi Zingales and Guy Rolnik of the University of Chicago have proposed an intriguing idea....
...Many people wrote afterwards, saying, it would be great if these guys could meet and actually share ideas....
...In 2002 Combs (in his P Diddy guise; he is a man of many names) guested on the rapper Busta Rhymes’s hit single “Pass the Courvoisier Pt II”....
...The slew of mergers is driven partly by jitters over capital under Europe’s incoming Solvency II regime....
...(FT) Markets Data 05:30 GMT Asian markets Nikkei 225 up +173.42 (+1.00%) at 17,502 Topix up +12.33 (+0.89%) at 1,402 Hang Seng up +335.15 (+1.37%) at 24,858 US markets S&P 500 up +31.03 (+1.53%) at 2,063...
...In the Queen Elizabeth II conference centre opposite Westminster Abbey, shareholders of GlaxoSmithKline gathered to anoint Sir Philip Hampton as new chairman of the UK’s biggest drugmaker....
...Meanwhile in the US, Chevron’s shares have risen 1 per cent and Exxon’s 5 per cent over the past year, while the S&P 500 is up 22 per cent. The root of the problem is concern about spending....
...Cable guy Nat Rothschild has not been having much luck with his investments recently....
...The technical term for what Trichet and the Executive Board did at 12:30 p.m. central European time is to offer a “fixed- rate tender with full allotment.” Translation: Come and get it, guys....
...The S&P 500 fell 7.2 per cent for the week. Benchmark 10-year US Treasuries rose 16 basis points to 2.56 per cent, their biggest daily rise since December....
...As Guy Moszkowski explained: PO of $160 discounts an ROE of 12%, by valuing the shares on 1.2x BVPS of $133 by the end of 10E....
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