Hints and tips:
...premier....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Coventry City might even win the Premier League. But as things stand, staking your nest egg on this kind of wholesale turnaround makes no rational sense....
...The activist owns more than 3 per cent of Airbus’s shares. Atos is burning cash flow at an average of €385mn annually through 2025, according to S&P Global estimates....
...It was a period of high crude prices and a rush of inward investment. By 2021, though, the figure was less than C$9bn. It is not expected to rise above C$15bn a year in the next decade....
...But at an eye-watering C$75bn ($50bn) price tag for the project, the companies also want Alberta’s provincial government to help....
...despite the optical attractions of an FY21 P/E of 10.5x and an EV/EBITDA multiple of 6.8x....
...Nevertheless, Premier's overall equity valuation remains highly sensitive to the oil price thanks to the large amount, c.$2B, of current net debt....
...Mais quand tout explose, votre P&L il explose avec, c’est ce qu’on est en train de vivre....
...c.40% upside....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...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....
...Overall we forecast $4.2 billion of capex across the International E&P sector in 2020....
...€1.3bn given a c.€400m fuel tailwind, which suggests the stock has de-rated from a P/E multiple of 13x to 9x....
...At the end of two days of negotiations in Washington, Robert Lighthizer, the US trade representative, said his talks with Liu He, China’s vice-premier, had finally centred on US demands for structural reforms...
...The ONS estimates the value of land and assets-over-land to be over £5tn compared to a GDP of c£2tn....
...For example, the Shenzhen Composite index has among the lowest correlations of all major global indices to the S&P 500 index at just c. 8%, and the volatility implied via the derivatives market on the largest...
...All of which makes it less easy to see why he now wants to buy the other 35 per cent of M&C. Until Monday, the view from Mr Kwek’s hotel window had been as cheerful as a vista of the local gasworks....
...But Tony Durrant, Premier’s chief executive, said the indicated presence of more than one billion barrels of oil, “adds materially to Premier’s portfolio of assets worldwide”....
...The businessman’s victory risks ushering in a period of political turmoil as governments question basic postwar assumptions about America’s role in the world as the premier liberal democracy....
...In the US overnight, the S&P 500 eased 0.1 per cent from a record high....
...To make matters worse, Big Sam Allardyce is no longer available having agreed to pace the touchline and nearby motorway service station car parks on behalf of Premier League team Crystal Palace....
...Yet, at a spot price of around $30 per giant can of crude, Premier and Tullow are alive and kicking. Moreover, bears have moderated attacks on the roustabouts....
...The median debt multiple of the 54 Chinese companies that publish financial figures and did deals overseas last year was 5.4, according to data from S&P Global Market Intelligence....
...(Financial Times) “Chinese Premier Li Keqiang said economic growth of slightly more or less than 7.5 percent this year would be acceptable as long it still led to new jobs and higher wages, the official...
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