CEO Lutz Schüler is on medical leave for up to 8 weeks and will be replaced temporarily by the CFO; he is expected to
Read MoreThe OHLA capital raise is not yet a done deal. However, we still see the deal getting over the line. The proposed capital raise will only happen if
Read MoreWe remain positive about Morrisons. Q3 revenue growth was in line with our forecast, and whilst EBITDA margins were lower
Read MoreFurther speculation and press stories are emerging regarding Altice France. It is rumoured that Altice France is exploring potential debt raising at
Read MoreOther auto suppliers are also starting to feel the pinch due to the continued slowdown of electrification and lower production forecasts
Read MoreWe are excited to introduce a new feature to more readily deliver to you our top ideas at any time. We are not YouTubers, but we are now recording our ideas in short 2-5 minute videos, which you can find on our website right on top of the landing page.
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The downgrade is a mere reaction to the company’s approval request and therefore admission of tight liquidity, but it could trigger further sales of
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The £370m proceeds from the ground rent deal will be used to repay debt. The transaction will layer the SSNs, as the rents will be structurally
Read MoreThe Spanish Securities Market Commission (CNMV) has opened a file on the firm behind the short report in January. The CNMVs began investigations into
Read MoreThe cash up to CPI for its S Immo shares will be around €100m, and the remainder is via a €500m intercompany loan. CPI had
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Ardagh’s SUNs are up another couple of points on the news that a Trivium deal is close. We are very puzzled by the strength of the SUNs, which
Read MorePetrus taking an 11% stake in Immofinanz is irritating, but ultimately CPI’s 75% stake gives it control. Petrus claims the stock could be
Read MoreOHLA has promises for the €150m equity rise the banks wanted, so the sticking point in the negotiation points to pricing discussions rather than
Read MoreSBB is going down the IPO route for the Residential business; the company may have failed to find a strategic partner willing to pay up or may want to
Read MoreCompleting the sale of Trivium will provide Ardagh with the cash to fund the Amend & Extend operation piece of its
Read MoreOHLA joining a consortium bidding for a Middle East infrastructure contract gives us a nasty case of déjà vu. OHLA is part of a consortium that
Read MoreThe renewal of Atalian's €250m factoring line did not surprise us. After sticking with Atalian through a restructuring, withdrawing the
Read MoreWhile the company's attempt to raise new money through a £3.3 billion right’s issue appears to be more process than prospect, its
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