The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Haven’t found the research note yet but read this earlier in the Telegraph blog
A rally for UK bank stocks could have further to run as earnings consensus does not reflect latest unemployment forecasts or stronger mortgage volumes, Morgan Stanley said in a note lifting price targets for Natwest, Lloyds, Barclays and Virgin Money.
BRITISH-BASED FERREXPO RAISES PELLET OUTPUT BY 7% IN JANUARY
4 MARCH , 2021
British-based Ferrexpo Plc, which in Ukraine, in particular, controls Poltava and Yeristovo ore mining and processing plants (Poltava GOK and Yeristovo GOK), in January 2021, increased pellet output by 7%, , to 1.05 million tonnes.
A representative of the company told Interfax-Ukraine that during this period the output of concentrate increased by 12.2%, to 1.3 million tonnes.
As reported, Ferrexpo in 2020 increased its total pellet output by 7%, year-over-year, to 11.218 million tonnes. Concentrate output increased by 5.9%, to 14 million tonnes.
Ferrexpo is an iron ore company with assets in Ukraine.
MGM Resorts pledges to “aggressively invest” in BetMGM after Super Bowl success
CEO Bill Hornbuckle reiterates joint venture commitment and reveals US operator is pondering M&A options to spur growth
15 February 2021
MGM Resorts is weighing up M&A opportunities as it aims to become a leading global operator in igaming and sports betting. In a conference call detailing MGM’s Q4 2020 financial results, CEO Bill Hornbuckle cited cross-sell opportunities between MGM’s land-based business and igaming, with online growth driven by the firm’s BetMGM joint venture
MGM boss hints at making another play for Entain deal
MGM Resorts International walked away from an £8.1 billion bid for the owner of Ladbrokes and Sportingbet last month but the odds of the US group renewing its interest have shortened.
In a full-year earnings presentation Bill Hornbuckle, MGM chief executive, gave the strongest indication yet that the Las Vegas casino operator remains keen on acquiring the FTSE 100 group Entain. The two companies already have a US sports betting joint venture, BetMGM, set up to cash in on the opening up of the American market state by state, and Hornbuckle emphasised how well it was performing.
Stocks expected to make the biggest returns in 2021
Vodafone
The telecoms giant is one of Britain’s best dividend payers but analysts believe its potential next year goes beyond the income it offers. Adam Fox-Rumley of HSBC’s investment bank said consolidation within the industry could present the firm with “some very significant opportunities” to buy rivals.
He added that the stock market launch of Vantage Towers, the mast business being spun out from Vodafone, should allow the business to cash in on its mobile infrastructure.
Shares in the £36bn company have fallen 11pc so far this year. However, its price of 131p compares with analysts’ average price target of 182p, which implies a potential gain of 39pc.
Tempus in the times has an article on it this evening. Most of it is what we already know so just posting the last bit:
That does make them cheap, of course. Using conventional measures, the shares trade for just under 20 times earnings. However, using a measure preferred by telecoms analysts that strips out the effects of multiple one-off items and that valuation falls to between six and seven times earnings. Frankly, either way — and boosted by the yield — the shares look attractive.
ADVICE Buy
WHY Very low valuation for a business being transformed under new leadership
Article on ii.co.uk yesterday:
The potential for a re-rating of Vodafone (LSE:VOD) shares was raised today when a leading industry analyst signalled the mobile phone giant is over the worst of its revenues downturn.
UBS's Polo Tang said next Monday's second-quarter and half-year results were likely to represent a low point, with Q2 service revenues set to be 2.3% lower due to the impact of travel bans on roaming activity.
He expects a recovery in the current quarter to 1.2% lower and says shares should be trading at 188p, compared with the 116p seen this afternoon after a rally of 9% so far this week on the back of the Pfizer vaccine breakthrough.
Data usage on both mobile and fixed broadband continues to grow strongly, which should drive average revenues per user amid evidence that consumers are willing to pay more for services.
The recent launch of a new 5G iPhone should stimulate demand, with Tang noting anecdotal evidence that Vodafone has performed relatively well in Germany, the UK and Netherlands.