Please find our updated analysis of Emeria here.
It is June, and the end of Q225 is less than a month away. If the WC outflow still represented a problem, we’d have heard of it now. It’s inflows from here. The company’s strong market position in France should allow it to hold on to the Phenix cost savings, and
Read MoreSES have announced Elizabeth Pataki as the new CFO, effective the week after next. She is from the industry, with 20 years of experience, she is
Read MoreOperationally Britains favourite pizza chain remained well on forecast. The only major differences were in Working Capital, which produced
Read MoreWe are wondering. We’ve shown the other day what the narrow path to making money looks like for TW and its investors and it’s clear that
Read MoreShareholders are repositioning themselves as France is about to double their position in the company, and Sunil Mittal considers following
Read MoreThe Ghanaian Government (Ghana National Petroleum Company) have signed a Memorandum of Understanding to extend oil
Read MoreRTÉ, Ireland’s national broadcaster, is set to air a documentary this evening exposing multiple care deficiencies and instances of
Read MoreThe malaise in Atalian’s French business is not going away. The Marseille Metro contract looks to be plagued with
Read MoreA new marketing director with a background in e-commerce is a good fit for Morrisons as it looks to combat the
Read MoreWe are shooting first and will ask questions later. Having followed the name for some time now and being satisfied with our predictions so far, we think the business can
Read MoreOcado aims to avoid costly equity issuance for now and prefers high-coupon, non-dilutive debt. Today’s transaction will increase the
Read MoreAston Martin remains vulnerable to further shocks in the US, but we expect the risks to be receding for now. The potential impact on
Read MoreIf the rumour of a £200m sale and leaseback deal is true, this would add around £14m to interest costs. Morrisons has no
Read MoreQ1 25 results were above our expectations in terms of revenue and margins and in line regarding working capital outflows, as suppliers shortened their
Read MoreS&P downgraded Cerba bonds yesterday on unsustainable capital structure and strained liquidity. It is as if S&P have read ou
Read More€1.5bn fresh Equity sounds about right and the State of France has been the favourite all along. This cash will not be used to
Read MoreWhen we wrote that KKR would walk out, we meant that tactically. TW’s statement this morning reads awfully final, but then
Read More€300m make sense mathematically. KP has debt capacity of approx. €1.4bn and €300m is roughly the difference if you
Read MoreThe Very Group announced that 82.6% of its 6.5% senior Secured bonds were successfully tendered and will be taken out at
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