Year: 2019

(Bloomberg Opinion) — Like expensive gems, luxury goods companies have scarcity value. If Bernard Arnault’s LVMH Moet Hennessy Louis Vuitton SE is allowed to get its hands on Tiffany & Co., the American jeweler is unlikely to come up for sale again. That’s something LVMH’s biggest rivals, Kering SA and Cie Financiere Richemont SA, might want to consider carefully.Financially they could both afford to make counterbids for Tiffany. An offer from either Cartier-owning Richemont or Gucci-owning Kering at the $120 per share price proposed by Arnault would lift their net debt to about 2.5 times Ebitda. That’s not too much …read more […]

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of ElringKlinger AG… …read more […]

The Chinese government has decided not to eliminate the cryptocurrency mining industry from the country in a new final plan. The National Development and Reform Commission (NDRC) of China, a central government agency in charge of formulating macroeconomic policies, has today published a final “Industrial Structure Adjustment Guidance Catalog” – a list of those industries […]The post China decides to not eliminate crypto mining industry in a new final plan appeared first on The Block. …read more […]

(Bloomberg) — Equity bulls had been eyeing Walgreens Boots Alliance Inc. just before news broke Tuesday that the company is considering going private.Trading of bullish options surged to a level not seen in two years Monday, amid the biggest two-day gain in the stock since 2014, data compiled by Bloomberg show. Calls betting that the shares would advance to at least $61 were the most traded — they’ve been below that price since April.Walgreens Boots climbed for a third day Tuesday, closing at $61.21, as people familiar with the matter said the retail pharmacy recently held informal talks with private-equity …read more […]

(Bloomberg) — Xerox Holdings Corp. is considering a cash-stock offer for the $27 billion PC giant HP Inc., the Wall Street Journal reported, a deal that could combine two of the biggest American names in office hardware.Xerox’s board met Tuesday to deliberate a deal that could result in $2 billion of annual cost savings, the newspaper cited unidentified people as saying. While there’s no guarantee the company will follow through, any offer would value HP at a premium to its market value, the Journal reported. Representatives for the companies weren’t immediately available for comment after regular business hours.Xerox, which a …read more […]

NUR-SULTAN, Nov 6 (Reuters) – Kazakhstan believes the new, increased cost of the Tengiz oilfield expansion project is too high and wants Chevron and ExxonMobil to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, said last week that cost overruns would balloon project expenses by 25% to $45.2 billion.. “Generally, we told them that in our opinion the sum is too high,” Bozumbayev told reporters when asked about Tengiz costs. …read more […]

Q3 2019 Novo Nordisk A/S Earnings Presentation …read more […]

Q3 2019 Prudential Financial Inc Earnings Call …read more […]

Q3 2019 Mylan NV Earnings Call …read more […]