Hints and tips:
Showing results for Stratford Land Fund IV, L.P.
...Funds wise, I’d go for the Xtrackers Nikkei 225 UCITS ETF, which charges just nine basis points, or the L&G Japan Equity UCITS ETF....
...L’Oréal....
...They might be willing to endure quite a few lean years in terms of their own P&L — and even to think about cutting their own costs and headcount — rather than take risks with deals that need stretched assumptions...
...Wall Street’s benchmark S&P 500 index ended Wednesday 2.5 per cent lower and the Nasdaq Composite fell 3.4 per cent after a volatile afternoon of trading as investors struggled to digest the Fed’s messaging...
...P&G has come under fierce criticism from some investors over its role in deforestation to make products such as toilet paper, even as it has pledged to fund tree restoration projects....
...However, the sales unwind into 2H20-1H21 could be significant, which is a risk given a 2021e P/E ratio of almost 27x....
...) estimates i.e. an attractive valuation, however: i.) preprovision profit in our base case is declining -2% CAGR ‘19-22E and ii.) our L-T recession scenario sees only 1% p.a....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...I very much believe it's going to be a very strong third pillar for our business, and I think it could be a significant P&L contributor to our company, definitely within five years, and definitely within...
...In the US, S&P 500 non-financial companies were sitting on $1.35tn of cash and equivalents at the end of June....
...Vermeer believes British Land and Land Securities are on difficult ground here....
...Our forecasts assume the full £500m is invested in land in FY20, and that the benefit in the P&L is seen later 2022 but to a larger extent in FY23....
...Based on company commentary so far, we still believe potential COVID-19 claims (including BI) are a manageable P&L event for the sector, although the devil will be in the detail when it comes to BI policy...
...Persimmon trades on the highest P/NAV, but its land bank and margins warrant that....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...The group notes it continues to see “new opportunities” from a land perspective and its total pipeline now stands at over 80 sites representing almost 30,000 plots; iv) From an outlook perspective, management...
...On our estimates the sector is trading at 20x CY21 P/E, a +64% premium to MSCI Europe. This is above its 10YR average NTM P/E at 19x and at the top-end of its relative trading range of 20-65% premium....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...While the group’s net cash position has improved to £1.0m (£157m net debt in May), we note that the Land creditors position stood at £345m, with the group starting to explore the land market as it acquired...
...The Musée had attempted to acquire them but had been unable to raise sufficient funds. So, in 2010, the trustee agreed to Kaps’s proposal....
...“This is the last frontier of New York City,” said Mark Paris, who runs Invesco’s high-yield municipal bond fund. “It’s that last parcel of undeveloped land in Manhattan.”...
...Jumps in pension liabilities are conveniently dumped in the oubliette of comprehensive income, rather that written off through the P&L....
...Nigel Wilson, L&G It is critical that we maintain the principle of a unitary board and the accountability of all board members....
...However, fund managers tend to get a bit tetchy when their meal is whipped from under their noses because another diner is prepared to pay more for it....
...Any meaningful change on the P&L is unlikely in 3-4 years but there are several “potential” gains that can be used to justify a higher price target: (1) with better volume visibility, it can be valued on...
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