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Showing results for The Law Office of Amy E. Harrison, P.L.L.C.
...The price target is £2.0 assuming 3x P/E (half our normal valuation pending dilution), 4x EV/EBITDA....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...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%....
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...There’s a rejig of forecasts on a Norway tax break and a bit of fantasy M&A, which seems to be obligatory in E&P notes at the moment....
...in a 17.8x NTM P/E valuation, significantly above its 3-year historical average of 14.8x NTM P/E....
...Since 2016, we estimate the Kingfisher P&L has had an £81m transactional benefit from weaker sterling. FX could become a headwind once trade talks are agreed (or not)....
...Over 2009-19, SWMA achieved average organic sales and operating profit growth of c.5% p.a. and c.7%, respectively and EPS growth of 10% p.a....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...● Valuation: adjusting 2019 EPS for dilution (9.9p) gives an historic P/E of 6x. Note that the EV of £603m is backed by c.£150m of freehold pub assets....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...We now have the answer: there are £120m of new facilities contingent on a c£140m raise (a new 13.7% of the share capital will be issued soon)....
...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....
...We expect JD Sports, on the other hand, to be in an even more dominant position at the end of this period. ... The stock trades at 13x 2021 Cal. P/E, a c.30% premium to the sector (incl....
...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...
...On our current published forecasts, Royal Mail trades on a March 2020E P/E of 10.3x and EV/EBITDA of 3.6x (rising to a March 2021E P/E of 13.4x and EV/EBITDA of 3.8x)....
...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
...At 10x P/E (adjusted for pension and earn out), ITV is the most expensive broadcaster in Europe....
...What is the likely shape of the growth trajectory? V, U, or L?...
...This is the rug, conveniently separate to the P&L, under which RBS will sweep a £1.6bn extra charge for pensions. Grim-faced accounting mandarins say RBS must recognise this cost early....
...c) “There are numerous other fields of innovation that hold potential to spur future growth. … For example, the growing use of 3D printers and intelligent robots may well prompt the reorganization of supply...
...Peter Grauer, Mr Bloomberg’s successor as chairman of Bloomberg L.P, earlier this month embarrassed the Labour party by signing a letter in support of the Conservatives only a day after Ed Miliband launched...
...London • Rare • Runnymede • SEO London • Shell • The Civil Service • The Foreign & Commonwealth Office • The Institute of Education • University College London • University of Manchester...
...“It’s been a good year,” Mr Law, 47, says, sitting in a conference room in Caxton’s London office. “We’ve moved out of an era that traumatised a lot of people in the hedge fund world.”...
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