Hints and tips:
...This, however, is not a niche problem: L’Oréal reports that one in 10 people in the US has limited motor ability, be it from cerebral palsy, stroke, Parkinson’s or arthritis....
...Company boards, often shocked by both the magnitude and volatility of liabilities, rushed to close defined-benefit schemes, first to new members and then to further accruals....
...Real Return fund, which avoids companies incompatible with the aim of limiting global warming to 2°C....
...(Another was the liability-driven investing strategies that blew up in UK pension funds last autumn.)...
...David Hollingworth, director at broker L&C Mortgages, says the Help to Buy equity loan — available in England, Scotland and Wales in various forms — has helped many people get on the ladder or make their...
...Some efforts seem admirable — Swiss company Bächler has pioneered an artificial snow system that requires no electricity or other fuel, instead relying on gravity to deliver water at pressure from high-altitude...
...Several them own NFTs or NFT-adjacent companies — maybe that’s bad? Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . ....
...L’état, c’est moi President Emmanuel Macron has suggested he will fully nationalise state-controlled electricity group EDF in a further effort to reform France’s energy sector and calm the turmoil in European...
...It is true, as many authors in this compendium argue, that the limited liability business corporation was (and is) a brilliant institutional innovation....
...Nor is an IPO imminent....
...But their ability to sell tickets may be limited by restrictions on mass gatherings....
...at the ‘C-suite’....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...Increased focus on the home, reversing some L-T adverse trends....
...However, with limited upside to our price target on c.15x P/E 2020E, we downgrade to Hold....
...We value Sumo based on a PE multiple of c.36x FY20E, a c.10-15% premium to the global peer group average (falling to 27x in FY21E)....
...With the discount around 33%, the upside is thus limited, and we cut from Buy to Hold....
...EBITDA was $361.8m, +452% y/y, giving an EBITDA margin of 64%. The company has announced an interim dividend of $101m ($0.9531 p/s) and is launching a new $67.3m share buyback today....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...RMV’s ARPA has increased almost 4x in the last 10 years and now represents c.5% of an agent’s revenue (compared to c.3% for Scout24)....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...With over £500m liabilities repayable in Q1/20 and limited visibility on receivables, a second equity raise may be needed in H2/20....
...Most life companies have limited exposure to speculative grade market....
...This action frees up c£2.5bn in cash flow for other uses and protects the BBB+ credit rating, according to the company....
...The shares currently trade on a 2020E PE multiple of c.17 times and an EV:Sales multiple of c.0.92 times in the context of Group margins of c.7.6%....
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