Hints and tips:
...“Putting a gym into Morgan Stanley is all very well but it’s about so much more than that. It’s not just a personal trainer and a nutritionist, it’s mental health.”...
...Our last published fair value of 440p (29% upside) is equivalent to a P/TNAV multiple of 0.79x....
...The chairman’s a debt specialist, as is the CIO, while the CEO’s an ex analyst and the COO has a background in securitisation structuring....
...P/E, a c.30% premium to the sector (incl. ASOS and boohoo). JD Sports’s shares have declined c.50% in the last few months, and we see this as an entry point to one of the finest UK retail stocks....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...We believe the group’s specialist focus leaves it well-positioned to manage disruptions and rebase for FY21 once sites reopen....
...Wilful blindness had started life as a legal concept in the nineteenth century. A judge in Regina v....
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