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Apologies I pasted the wrong bit
Given the uncertain economic conditions, Investec build elevated slippages and credit costs even for FY22e to absorb this stress. Operational performance both on operating profitability and deposits mobilization remain strong, while the positive “one-offs” of recoveries & treasury income are higher than negative “one-offs” of interest reversals. Investec reduces book value per share by 3% and target price to Rs19 (from Rs20) and retain Hold.
Nicholas Hyett, Equity Analyst | 28 February 2020 | A A A
IAG - Decent results, unclear coronavirus impact
No recommendation
No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.
International Consolidated Airlines CDI
Sell: 138.90 | Buy: 139.00 | Change -12.65 (-8.34%)
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IAG has reported full year revenue up 5.1% to €25.5bn and underlying operating profit down 5.7% to €3.3bn. The drop in profit is mainly due to higher fuel costs.
More recently, the coronavirus outbreak has hurt demand, but its ultimate impact on results for 2020 is unclear. Management have declined to give detailed guidance.
You can roughly guess from these figures.... maybe more recent but just a quick search found this
https://www.hl.co.uk/shares/share-research/202002/iag-decent-results,-unclear-coronavirus-impact
Sufficiently capitalized but profitability uncertain; retain hold:
Investec believes the bank’s CET1 should remain above 12% even if the entire stress were to be absorbed over the next 5 quarters. Liabilities continue to improve continuously with CD ratio now at 116% and deposit growth strong at 7.7% QoQ. While the balance sheet remains stable, profitability will take time to improve as we continue to build higher credit costs due to economic uncertainty. Investec reduces book value per share by 3% and target price to Rs19 (from Rs 20) to factor in higher credit costs in FY22e. Retain Hold on Yes Bank.
https://www.zeebiz.com/market-news/news-yes-bank-share-price-investec-reduces-book-value-per-share-by-3-target-price-to-rs19-from-rs-20-146849
Only a idiot would, someone with half a brain cell would invest it in a propagation system; green house, fish, irrigation and a worker! This would go far with half a million, someone to grow all the flowers you need with food and be self sustainable setting an example for the rest of our country...
If we get 6% a week I’d still be happy even a month as I’m tortoise slow and steady wins the race
All tax free in stock n shares isa, only pull 20k a year tax free and don’t have to declare it. Then hopefully the rest tied into good divi stocks that pay straight to your account tax free too. Hope this helps someone
Like Drifty69 said there will be a little bit of swinging here but potentially 728% rise from 23.8sp according to my tools. Plus cineworld has a mostly buy rating if I am correct.
From one of my tools apparently (728% from 23.8) so good profits to be made!
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Was meant to be thumbs up!
I believe you drifty, glad to hear ??
I believe too laidback just relax... unless you need the cash now we will return to a norm, people will go to the cinema once more, money will flow and you should have a nice return ??
They looking at merging to make a bigger digital footprint, I don’t see an issue with this? 5 days ago Airtel announced that this partnership will affect 19 million users of Airtel Money;
“This partnership with Airtel will enable millions of consumers instant access to our global platform to receive money from over 200 countries & territories without having to even step outside,” John Gely, Head of MoneyGram Africa.
“We’re excited about how this customer-centric partnership with Airtel will expand our mobile wallet capabilities, build upon our strong momentum in Africa, and further accelerate our digital growth across the globe,” Gely added.
As a result of the partnership, Airtel Money customers in 12 countries will be able to route any MoneyGram transfer received from around the world into their mobile money wallets on their phone
Airtel Africa PLC (LON:AAF) is hooking up with MoneyGram to provide a service that can route MoneyGram transfers into mobile money wallets on smartphones.
The provider of telecommunications and mobile money services said the partnership with person-to-person payments and money transfer giant MoneyGram was in line with the group’s strategy of expanding the range and depth of Airtel Money offerings to drive customer growth and penetration.
“This is a significant step forward in our ambition to transform lives through greater financial inclusion and empowerment across the continent. Maximising access to global remittances is a key part of this - even more so given the disruption and economic hardship faced by many as a result of the COVID-19 pandemic," said Raghunath Mandava, the chief executive officer of Airtel Africa.
Hansard Global plc
New business results for the year ended 30 June 2020
Hansard Global plc ("Hansard" or "the Group"), the specialist long-term savings provider, issues its new business results for the financial year ended 30 June 2020 ("FY 2020").
Summary
· New business for the year ended 30 June 2020 was £159.8m in PVNBP ("Present Value of New Business Premiums") terms, up 2.5% from FY 2019 of £155.9m.
· New business for Q4 2020 was £41.3m, 13.2% lower than Q4 2019 of £47.6m.
· The Covid-19 environment presented challenges for our distribution network to meet clients and conclude sales activity during Q4 2020. While this impacted our Q4 2020 new business, our technology-based processes and business continuity preparedness helped greatly to mitigate against these challenges.
· Our Latin American region was the highlight for new business growth over the course of FY 2020, finishing up 44.0% compared to FY 2019.
· Assets under administration recovered in Q4 2020 after the global stock market sell-off in March and totalled £1.09bn at 30 June 2020, up from £1.08bn at 30 June 2019.
· The Group remains well capitalised with highly liquid shareholder funds.
Gordon Marr, Group Chief Executive Officer, commented:
"In one of the most challenging periods in living memory, Hansard has delivered a resilient new business result for the year, finishing 2.5% up on 2019. Our staff and distribution partners have dealt admirably with the challenges presented and have shown that with flexibility, innovation and technology, many hurdles can be overcome.
While the outlook for new business depends largely on the severity of on-going Covid-19 restrictions, our core strategic projects of Japan and our systems upgrade continue to make progress. Importantly, we still plan to launch our new proposition in Japan before the end of this calendar year."
Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial services and, ultimately, better serve people across Africa. In line with this, Airtel Money's customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts, receive international money transfers directly to their wallets, and access savings products amongst other services.
This partnership supports Airtel Africa's efforts to expand the range and depth of its Airtel Money offerings across its 19 million customer base, with new products and services helping to promote the wider adoption of mobile money and increasing financial inclusion.