Hints and tips:
...All this might be an entertaining blast from the past, if Pravin Bankers Assocs., Ltd. v. Banco Popular Del Peru or Allied Bank Int’l v. Banco Credito Agricola de Cartago is your idea of fun....
...M&C’s talking to Natwest about relaxing covenant debt tests, having burned available cash down to its last £16m as of June 23....
...We estimate FY21 EPS of 23.3p incorporating c15% accretion from the Merian deal....
...at the ‘C-suite’....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...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. .....
...This drives EPS downgrades of -24% for CY20e, after the benefits of mitigation, and leaves CY21e EPS c.-23% below our previous forecasts after the 2021 recovery....
...Consequently, we expect limited (c. 3%) growth in EBITDAR over FY20-23, despite improving RevPAR momentum....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...As our economists have explained, on a sequential quarter-on-quarter annualised basis their US forecast shows -34% in Q2, +19% in Q3 and +12% in Q4, which looks rather V-shaped....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...We cut FY20 earnings by c.23% on average across the sector and our net cash/debt estimates deteriorate accordingly. With FY profits typically 2H-weighted, recommencing work from June will be key....
...Effects such as trompe l’oeil and batik have been used to create distinct designs that will be presented as 3D origami sculptures and panels....
...ARTICLE XXIII PERIODIC REVIEW MECHANISM 23....
...Mobilizing Minds: Creating Wealth from Talent in the 21st Century Organization By Lowell L. Bryan and Claudia L....
...Mi si permetta qui un inciso, prima di passare ad esaminare l’aspetto relativo ai profili patrimoniali dell’operazione. Il c.d....
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