Hints and tips:
...Space-age design II Up 1 (1969) Created by Gaetano Pesce for B&B Italia, this vacuum-packed foam chair came flat....
...Then the Queen arrived, to be greeted by Number 10's present tenant......
...A natural to play Hamlet on stage, he did, in 1979, and among his 1980s movies, he also appeared in three off-Broadway Shakespeare productions, Henry V, Richard II and A Midsummer Night’s Dream....
...This same effect is pulled off more artfully in The Last of Us Part II, which features a poignant flashback sequence in an abandoned museum of science and history....
...Munchkin Match: magic home building Conquista Online II...
...When asked about what path the S&P 500 recovery will take, W remained the most popular choice with 45% percent of the vote. Just 30% expect a V shaped recovery in the stock market....
...Earlier data increases our economists conviction in a V-shaped recovery: Economic data in aggregate have continued to surprise to the upside, building our confidence in a V-shaped recovery....
...Foppish Charles II, frightened James II and the more politically restricted courts of William III and Anne could not attract such foreign talents, and there was as yet no native school....
...We think it’s largely right that the gaming sector will enjoy a V-shaped recovery as sporting events resume....
...And yes, if we assume the V-shaped profits recovery factored into analysts’ eps estimates comes to pass, then in 18 months’ time the forward PE (red line below) will not look as ridiculous as the current...
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...The quarterly declines in GDP growth we anticipate substantially exceed anything previously recorded going back to at least World War II....
...For S&N it all boils down to 2020 adjusted trading profit of $1,218bn to US$1.241bn versus a consensus of $1.243bn, so hardly a warning at all....
...Similarly, since the S&P500 peaked on February 19, 2020, we’ve already seen 7 trading days of >3% drops, including Monday’s 8% decline and yesterday’s 10% drop (the S&P500’s fifth worst one-day drop ever...
...Today we’re testing positive for MIFID II violations. What follows is little more than a comprehensive bundling of sellside research....
...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. .....
...Support for the DPS comes from cover remaining >1.2x, a healthy reg. cap surplus of 85p+ p/s, and dividends being a mandatory component of fund manager variable comp....
...Our 300p TP equates to 9x EV/EBITDA in 2022E, based on EBITDA forecasts that are 20% below 2019’s level. • Updates to follow. Requests, complaints and so on can go in the comment box....
...Tokyo 2020’s CEO has stated the event “will not be done with grand splendour” with efforts made to simplify and reduce costs. This implies that less backup power is likely to be required....
...Shareholders in Barclays will descend on Westminster’s Queen Elizabeth II Centre on Thursday to cast their votes in one of the most audacious assaults by an activist investor on a UK company in recent history...
...If we assume that ISM ends the year at 50 and spreads fall marginally, then S&P 500 fair value is 2,700....
...Rotork has the single largest exposure in our coverage (~50% v 60% in 2014 though)....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...repayment holidays to certain afflicted companies; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
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