Thomas Cook – Fosun, Anex Or Bust?
Thomas Cook – Fosun, Anex Or Bust? Rupesh Tailor, Everest Research, 7 August 2019 Thomas Cook’s share price has risen 2.2x over the past 5 trading sessions to stand now at c. 9.9p per share (market cap c. £152m). This rally coincided with the first time disclosure on 30/7/19 of a stake in Thomas Cook held by the Turkish investor, …
07 August 2019
Jaguar Land Rover – Between A Rock And A Hard Brexit
Jaguar Land Rover – Between A Rock And A Hard Brexit George Flynn, Everest Research, 6 August 2019 Jaguar Land Rover’s (JLR) results for Q1 2020 were weak. EBIT margin at -5.5% was 180 basis points lower yoy. Adjusted leverage stood at 2.95x vs 1.12x at Q1 2019. FCF excluding the draw on the receivables finance facility was c. -£1bn …
05 August 2019