Hints and tips:
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...The company has cut A&P spending, deferred some capex and is tightly managing working capital. ......
...This shows FCF would then be close to zero, so (yet again) the only way RR can generate FCF is by unlocking working capital....
...that level of equities to achieve some expected (total) return means that we are putting a lot of emphasis on active portfolio protection, which we achieve via: 1) a very small portion of corporate bonds vis-a-vis...
...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....
...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....
...We maintain our scepticism over the effectiveness of a sub-zero policy rates as, even though the price of credit might become cheaper under such a regime, the impact on commercial bank margins and capital...
...In Europe, China’s emphasis on manufacturing may help Germany, vis-à-vis France, the UK and Spain, but the recessions on average could match the US....
...David Cobham, professor of economics, Heriot-Watt University Significantly, but not necessarily to below zero, as investment falls and exports fail to plug the gap....
...Given a lack of defaults, the instruments should perform fine if one can survive the P&L volatility of the tranches....
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