Hints and tips:
...Opponents said the PT’s overspending and political interference under Rousseff were key factors in the country’s worst recession in a century....
...From €1,000, silentliving.pt MS The Boatshed, Waiheke Island, New ZealandWho doesn’t want a sweet house on Waiheke Island, that verdant happy place of both aged hippies and Google c-suiters, off the coast...
...It was having a place for the family to get together in the sun and enjoy a “much lower cost of living” that made William from Wolverhampton, in the UK Midlands, decide to buy a place in Portugal last December...
...We reiterate OW ratings on Unite (PT -19% to 1,065p), Aroundtown (PT -23% to €6.5) and Covivio (PT -29% to €75.0)....
...We maintain our 30% benchmark, and hence a PT of €83 and move to Hold from Buy. Tencent direct is our preference (Thomas Chong’s recent PT hike)....
...Europe continued to perform well with pleasing recovery in S Europe & E Europe since May. In N....
...Turning and turning in the widening gyre, the FTSE 100’s up nearly 1 per cent....
...In recent weeks Next has been trading on its biggest ever valuation premium to both Kingfisher and M&S....
...Continental (UW, new PT €90) / Gestamp (UW, new PT €2.8) still screen too expensive, in our view....
... Updating our financial forecasts and PT: We make significant revisions to our PT, and EPS and cash flow estimates (Table 1), but as this is our first COVID-19 update on IAG we are mostly catching up...
...Rightmove’s down to “sell” at Berenberg: Stuck between a rock and a hard place - back down to Sell: Rightmove shares have recovered 35% since our March upgrade, outperforming the FTSE 250 by c5%....
...We would view the confidence in the outlook as a positive read for larger value retail peer Primark (OP, £23 PT) and see FRAS’ new digital strategy as a potential threat to JD Sports (UP, 625p PT) albeit...
...On this basis, we see material upside potential and lift our PT to €152....
...We lower our PT to 185p, reflecting downgrades and leverage (now 3.0x EBITDA). FCF follows profits....
...Balfour Beatty (Upgrade to Buy; PT 260p)....
...The benchmark S&P 500 closed 0.6 per cent higher at 3,039.4, taking it past its previous peak of 3,025.9 on July 26 and notching an intraday record of 3,044.1 in the process....
...We increase our Tenaris 12m PT to €7.6 from €5.4 (ADR to US$17 from US$11.9) based on 9x 2020-23E EBITDA (6x previously) and our Hunting PT to 340p from 180p based on 7.3x 2020-23E EBITDA (4.7x previously...
...I5’s only director is a chap called Shahzad Fakhar Irshad....
...Flutter gets a push from various places after completing its purchase of Canadian online poker shop The Stars Group....
...We apply 2.2x to normalised FY22 estimates along with a DCF to derive our new PT of 145p....
...Reducing EPS estimates and PT but maintain Overweight: The lower H1 receivables combined with the higher impairments means we reduce our FY20 estimates sharply....
...Our DCF-based PT falls by 10% to 318p/sh, leaving an unchanged BUY rating....
...All things must pass so shut up and give us your money, says Credit Suisse: S&P 500 to Rise 21% by Year-End 2020, Additional 15% in 2021 On Feb. 19, the S&P 500 hit an all-time high of 3386, and has fallen...
...Our SOP model suggests a PT of 80p based on 10x EBITDA for Wagamama, 7x for pubs, 6.5x for concessions, and 5x for Leisure....
...We tweak EPS <1% and revise PT to 2,325p. And Peel Hunt has a big thing out about bricks....
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