Will she or won’t she? It seems with Fed interest rate policy remaining the only game in town, strategists are stuck with trying to second guess Yellen’s next move at the forthcoming FOMC on 16-17 September. Of course we’ve been here before and we can look at all the evidence and data under the sun […]
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In a reversal of what happened in Valens’ day, the migrant flow is now going north from the Danube towards Germania rather than south, although there is a new empire that is to be shaken by such a move and that is no longer ruled from the south. Having wagged her imperial finger at the […]
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For more see: www.growthrater.com Having adopted a “shape for growth motto†for 2015, GfK is struggling to deliver, with its core syndicated electronic research business hit hard in Q2 from the backwash from weakening Chinese demand. While the group is doggedly maintaining its full year 2015 guidance to deliver growth in organic revenues and […]
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For more see – https://www.growthrater.com/growthrater/#/summary Last trading report – IMS to end July 2015: The pill investors are being asked to swallow is a new incentive scheme that could reward the CEO with up to 7.5m new shares (via nil priced options) over the next 3 years dependent on a TSR exceeding +8% […]
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Pearson is pricing in a +3.9% CAGR growth rating but has delivered only +1% organic revenue growth in H1 FY15. Deferred revenues however were up +3% organic at end H1, which if translated into similar improvements in H2 organic revenue growth would put the group on course to perhaps delivering +4-5% for FY16 and therefore […]
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Markets often distinguish growth from value, but for an equity, growth defines value. For most stocks, this can be seen by the close relationship between the organic revenue growth being delivered by a company and the implied growth rating being discounted by the share’s operating FCF yield. A problem however arises when trying to price […]
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Markets love a good story. They’re so much easier to digest than actual analysis and usually provide a catalyst for action that brokers and journalists need to stimulate a transaction. Take for example Google’s Q2 results last Thursday. The results themselves were solid, but were neither significantly ahead of street estimates nor provided anything particularly […]
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Invest in an oil major such as Exxon or Chevron and there are two over-riding factors to consider. The first and probably obvious one for Groups which traditionally make over three quarters of their income from pumping oil and gas out of the ground is the price of oil. While an oil spill and >$40bn […]
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