We await further details but press reports are circulating that the UK government have announced a price cap for industry customers today. The muted
Read MoreNothing is ever simple! Casino announced the Green Yellow sale will be completed in mid-October with the terms staying as previously announced. However,
Read MorePlease find our updated analysis of Intrum here.
As debt collectors go, Intrum is clearly one of the safer candidates. But with its size and diversification, it is a worthwhile bellwether for the sector. It also has one of the cheapest sources of funding, which makes it particularly interesting from a short perspective. Let us know if you are looking at other names in the sector.
Read MoreAggregate have signed City Leisure Group (CLG) as anchor tenant for their Fürst project in Berlin. CLG are the organisers of “This is Holland”, a flight simulator
Read MoreAll,
Black-outs in Germany should be over by February and consumer confidence / disposable income will take time to drop to the point we will be pricing in by Christmas when we get more reliable readings. Soon the world will have had nine months to adjust to the war in the Ukraine and, unless there is a significant turn of events, we’ll settle into the new reality -
Read MoreSome positive headlines this morning in the Automotive Industry but they need to be put into context. In August, European registrations finally
Read MoreFurther announcement from KCA Deutag of additional contract wins, this time in their Land Drilling segment. The majority of the contract wins are extensions and
Read MoreAll the chatter re Tullow is: Will they, or won’t they merge with Capricorn? Tullow management continue to keep their head down and focus on what they
Read MoreThe prospectus for AML’s Rights Issue mentioned an arbitration claim from Nebula Project relating to the development of the Valkyrie model. We see the claim as
Read MorePlease find our updated model here.
Iceland remains one of the most popular names for you to converse on, with several differing views held even between you. The name remains divisive as we try to overlay Iceland’s unique position in the market as both a discounter and specialist frozen food retailer with
Read MoreThe nil paid rights for AML’s rights issue were admitted for trading on Monday. The next major milestone for bondholders is the 27 September when AML will have
Read MoreOrpea will release its full H1 numbers after market close on 28th September, but the preliminary numbers are lower than expected. Changes in EBITDAR versus prior year is a function of
Read MoreThis morning both companies announced a very beneficial deal for both parties. Vivion are buying two properties out of the QH complex for €456m. Half of which roughly will be paid with the 2024 bonds outstanding to Vivion. We are enquiring about the
Read MoreThe appointment of Hannah Gibson as the new CEO at Ocado Retail will move a senior Ocado Technology executive over to Ocado Retail. The main focus f
Read MoreThe general meeting of the shareholders has approved all the resolutions without amendment removing the final hurdle to completing the Rights Issue. The
Read MoreWe issued our updated model post Q2 numbers last week. Yesterday the Company held their conference call and although we are projecting slightly lower sales and EBITDA than the Company guided for FY22 we are happy to
Read MoreCMA CGM and Brambles (the pallet supplier) have made strong references to the shifting sands of global trade. The near-term outlook for freight companies remains strong, but
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