Capital structure – Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ Tue, 03 Aug 2021 09:54:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://piazzacarlogiuliani.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Capital structure – Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ 32 32 Sir.[B] Self-service storage: growth in Central America https://piazzacarlogiuliani.org/sir-b-self-service-storage-growth-in-central-america/ https://piazzacarlogiuliani.org/sir-b-self-service-storage-growth-in-central-america/#respond Tue, 03 Aug 2021 07:16:58 +0000 https://piazzacarlogiuliani.org/sir-b-self-service-storage-growth-in-central-america/

At the end of the 90s, our founding partners decided to launch an American self-storage business model in Central America. Founded in 1998, Mr. Bodeguitas, now known as Mr.[B] Self Storage, continued its first development in Guatemala, the largest economy in the region and the country with the most populous city on the Isthmus, which connects the Atlantic and Pacific Oceans through the Panama Canal.

The region is made up of seven small nations – Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama – with a combined population of 48 million and a gross domestic product of $ 279 billion. Many companies approach the region as a combined market, in order to better exploit its advantages. In fact, this point of view has been central to our own state of mind. After more than 20 years, Mr.[B] has become a pioneer and market leader, replicating our model across borders. Today, our portfolio includes 12 facilities totaling 430,000 rentable square feet in three countries.

Along the way, we have attracted wonderful attention. In 2016, we were honored to receive the International Installation of the Year award for our Juan Pablo II installation in El Salvador. In 2017, we partnered with Metro Storage International LLC, a subsidiary of Metro Storage LLC, based in the United States. This collaboration added a global component to our local experience, and due to our capital structure we have been able to explore growth in Spanish speaking countries.

We have learned that seizing business opportunities is imperative. All of our systems and operations have been designed to integrate new facilities quickly, as we are able to complete new turnkey additions in a very short time.

An industry on the move

Compared to the United States, self-storage in Central America is still a largely unrecognized product. Through our research, we’ve measured that even two in 10 people can’t properly articulate what self-storage is or how facility operators can solve personal and business storage needs.

Over our two decades, we have seen a constant change in the way customers use the service. During the 2000s, we focused primarily on small business owners looking for secure, conveniently located warehouses to incorporate into their distribution model. At the time, the cost of the land allowed self-storage developers to build large facilities with many drive-up units. But after the turn of the decade, the region experienced rapid urban transformations. Many suburban dwellers chose to relocate to dense urban areas, which meant living in smaller spaces and a greater need for storage. As a result, self-storage developers have increasingly embraced US-influenced components designed for residential customers.

As in most parts of the world, the storage industry in Central America is growing. Facilities have been deployed throughout the region with different characteristics and quality levels. But across Central America, it is common to see an emphasis on security measures and a shift towards more institutional quality structures.

Almost all of the self-storage developments here are purpose-built projects except for a couple of large warehouses, which have been converted. Over the past five years, we have also seen a rapid rise in land prices, which has triggered more multi-story buildings.

Mr-B-Self-Storage-Exterior-2.JPGOvercome the challenges

Challenge is the name of the game for self-storage developers and operators in Latin America. In addition to a lack of knowledge of consumers, the product is unknown to municipalities. Building permits take a lot of time and effort to get because we have to inform the local government about the business. Regulations also vary from city to city, which means we need to be able to convince officials of the importance of adding self-storage to specific neighborhoods under existing business or industrial requirements.

A significant complexity on the operational side of the business is the lack of regulations for dealing with delinquent tenants. Evictions and lien sales are complicated to execute, emphasizing collection strategies as a large part of operational expertise.

Another important hurdle to overcome is adapting industry systems to local practices and laws, especially in countries where tax laws and billing systems require special integration with licensed banking or billing institutions. Having robust and versatile tools is essential when your vision is to expand beyond borders.

Finally, the pandemic has had an impact on business practices around the world. With our remarkable team of human resources professionals, Mr.[B] has been able to quickly adapt to the measures required by each government and adopt practices to make our customers and employees feel safe. We implemented contactless access control where possible and hand sanitizer dispensers when human contact was required. We have also been able to digitize some processes, which allows us to rent units remotely and then let our 24/7 on-site security guards complete the process when new customers arrive to access their premises. units.

Market outlook

As urban density increases and consumer demand requires more urban storage, we expect the self-storage industry to grow across Central America. Lenders are starting to understand the industry and its diverse customer base, which means that local banks are increasingly interested in funding established and diverse self-storage portfolios. We hope to see international lenders focus more on these markets, which would foster even more growth in the region.

The M. [B] the platform has grown and we continue to explore business opportunities through acquisitions and strategic partnerships. We’re also focused on helping our customers thrive, one storage solution at a time. We hope this service-oriented philosophy will help the industry thrive across the region.

Federico Rölz is CEO of Mr.[B] Self Storage, which operates 12 facilities in Costa Rica, El Salvador and Guatemala. With three projects in development, the company’s portfolio will soon have more than 592,000 rentable square feet. Sir.[B] actively seeks expansion opportunities in the region.

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Eurobank Ergasias Services and SA: announces the acquisition of a 9.9% stake in the Hellenic bank https://piazzacarlogiuliani.org/eurobank-ergasias-services-and-sa-announces-the-acquisition-of-a-9-9-stake-in-the-hellenic-bank/ https://piazzacarlogiuliani.org/eurobank-ergasias-services-and-sa-announces-the-acquisition-of-a-9-9-stake-in-the-hellenic-bank/#respond Fri, 23 Jul 2021 06:41:03 +0000 https://piazzacarlogiuliani.org/eurobank-ergasias-services-and-sa-announces-the-acquisition-of-a-9-9-stake-in-the-hellenic-bank/

July 23, 2021

Eurobank SA (‘Eurobank‘), a subsidiary of’ Eurobank Ergasias Services and Holdings SA ‘(Eurobank Holdings), announces the acquisition of a 9.9% stake (40,800,000 shares) in Hellenic Bank Public Company Limited (‘Hellenic Bank‘).

It also announces the conclusion of a share purchase agreement (‘SPA‘) with Third Point Hellenic Recovery Fund LP, for the acquisition of an additional 2.7%, subject to all customary regulatory approvals. Consequently, after completion of the SPA, Eurobank’s stake will amount to 12.6%.

Hellenic Bank is the second largest financial institution in Cyprus, engaged in personal, commercial and international banking services. The investment is aligned with the overall strategy of the Eurobank Group aimed at further strengthening its presence in all the key markets in which it retains a strategic interest. Having a good knowledge of the local market, through its 100% subsidiary Eurobank Cyprus Ltd., and taking into account the positive outlook for the Cypriot economy, Eurobank is convinced that Hellenic Bank, with its management, its capital structure and its customers loyal, is well positioned to capitalize on prospects and take advantage of future opportunities. In this context, Eurobank looks forward to close cooperation with the rest of the shareholders and the board of directors of Hellenic Bank and is committed to making a constructive and positive contribution in this direction.

Axia Ventures Group acted as financial advisor to Eurobank in connection with the transaction while Milbank LLP provided legal advice.

Warning

Eurobank Ergasias Services and Holdings SA published this content on July 23, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on July 23, 2021 06:37:05 AM UTC.

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Royal Caribbean survives cruise line storm best, but still beaten https://piazzacarlogiuliani.org/royal-caribbean-survives-cruise-line-storm-best-but-still-beaten/ https://piazzacarlogiuliani.org/royal-caribbean-survives-cruise-line-storm-best-but-still-beaten/#respond Wed, 21 Jul 2021 13:30:00 +0000 https://piazzacarlogiuliani.org/royal-caribbean-survives-cruise-line-storm-best-but-still-beaten/

Cruise lines ended a multi-day slippage on Tuesday as Carnival Corp. (CCL) (up 7.5%). Norwegian Cruise Line Holdings (NCLH) (up 8.3%) and Royal Caribbean Cruises (RCL) (up 7.7%) benefited from a market rally and possibly Carnival’s announcement of its intends to reach 75% of its operating capacity. at the end of the year.

Carnival’s planned return to sea significantly does not guarantee a rapid return to profitability, nor does it address the impact of the big steps he and other operators had to take to stay in the game, namely lifting capital and issue debt. These measures have changed balance sheets, increased the debt burden and diluted future earnings.

I took a quick look on Monday at how Norwegian Cruise Line’s capital structure has changed since the start of the pandemic. Today I will be reviewing Royal Caribbean.

Royal Caribbean has been the least affected of the three operators by the pandemic, at least in my opinion. The company has increased its outstanding shares by approximately 22%, from 209 million at the end of 2019 to 254.5 million currently. This increase was the least dilutive of the three when it came to raising capital, as Carnival’s stock count climbed 69% and Norwegian Cruise Line’s by 74%.

On the debt side, Royal Caribbean’s net debt (total debt minus cash) increased by about $ 5 billion, from $ 11.6 billion to $ 16.6 billion. By contract, Carnival more than doubled from $ 11 billion to $ 23 billion, while Norwegian Cruise Line grew from $ 6.8 billion to $ 8.9 billion.

Putting it all together, Royal Caribbean’s current enterprise value, or EV – market cap plus debt minus cash – is $ 35.5 billion. At the end of 2019, the EV stood at $ 39.3 billion.

The Royal Caribbean share price at the end of 2019 was $ 133.51; RCL closed Tuesday at $ 74.89. Reaching the equivalent EV at the end of 2019 would imply a current share price of $ 90. However, keep in mind that in 2019, Royal Caribbean earned almost $ 1.9 billion, or $ 8.95 per share. At this point, consensus analysts believe the company will return to profitability in 2022 with earnings per share of $ 1.74, followed by $ 6.51 in 2023.

There is no doubt in my mind that Royal Caribbean came out of the pandemic in the best of shape of the three. However, there seems to be a lot of optimism that the cruise industry will return to its glory days quite quickly. This pink image seems a bit premature as there are still a lot of unknowns and a lot could go wrong.

There are a few levels that investors should consider here. The first is the industry as a whole and how quickly it can get back to normal. Second, the condition of each of the major players, how long they can go on without raising more capital if optimistic forecasts for the industry are unrealistic, and how each will be affected by the steps taken to remain solvent during the pandemic.

It is not enough to look at a stock’s price and make comparisons to its previous trading level in situations where there has been massive dilution and increased debt.

I remain cautious overall.

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KBRA assigns preliminary ratings to Tricolor Auto Securitization Trust 2021-1 https://piazzacarlogiuliani.org/kbra-assigns-preliminary-ratings-to-tricolor-auto-securitization-trust-2021-1/ https://piazzacarlogiuliani.org/kbra-assigns-preliminary-ratings-to-tricolor-auto-securitization-trust-2021-1/#respond Tue, 20 Jul 2021 18:13:19 +0000 https://piazzacarlogiuliani.org/kbra-assigns-preliminary-ratings-to-tricolor-auto-securitization-trust-2021-1/

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NEW YORK – (BUSINESS WIRE) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six categories of notes issued by Tricolor Auto Securitization Trust 2021-1 (“TAST 2021-1”), an ABS auto loan transaction at risk.

TAST 2021-1 will issue six ticket classes totaling approximately $ 234.2 million. The transaction includes a three-month pre-financing period which could represent up to 15% of the total receivables balance. The preliminary ratings reflect initial credit enhancement levels ranging from 50.00% for Class A Notes to 11.00% for Class F Notes.

This transaction represents the first ABS securitization rated in 2021 for Tricolor Auto Acceptance, LLC (“Tricolor” or the “Company”). Previously, the Company had issued one rated ABS securitization in November 2018 as well as five unrated securitizations from 2013 to 2020. Founded in 2007, Tricolor is an auto lender and “buy here, pay here” auto finance company that focuses on the underserved Hispanic market. Tricolor serves consumers who are generally unable to obtain financing from traditional lending sources such as credit unions, banks and captive auto finance companies. Company founder and CEO Daniel Chu owns 35.5% of the company, while the remaining 64.5% is held by high net worth individuals and family offices. The Company is an indirect wholly owned subsidiary of Tricolor Holdings, LLC. As of June 15, 2021, Tricolor operated a total of 47 dealerships, including 32 located in Texas, 10 in California and one in Nevada. The Texas and Nevada dealers operate under the Tricolor name and the California dealers operate under the Ganas Auto Group name, which is an affiliate brand of Tricolor. In addition, Tricolor operates seven Ganas Ya!

KBRA applied its global auto loan ABS rating methodology, as well as its global structured finance counterparty methodology and ESG global rating methodology as part of its analysis of the underlying collateral pool of the transaction, the proposed capital structure and data from Tricolor’s historical static pool. KBRA reviewed its operational review of Tricolor, which was conducted in September 2018, as well as periodic update calls with the Company. Operational agreements and legal opinions will be reviewed prior to closing.

Click here to view the report. To access the assessments and relevant documents, click here.

Related publications

Disclosures

Further information on key credit considerations, sensitivity analyzes that examine the factors that may affect these credit ratings and how they might lead to an improvement or a downgrade, and ESG factors (when they are a factor). key to the change in credit rating or rating outlook) can be found in the full assessment report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the method (s) (including models and sensitivity analyzes of relevant key rating assumptions, if any) used to determine the Credit Ratings are available in the Information Disclosure Form (s) located here.

Here you will find information about the meaning of each rating category.

Further information relating to this rating measure is available in the information disclosure form (s) referenced above. Additional information regarding KBRA’s policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a credit rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a credit rating agency with the UK Financial Conduct Authority under the temporary registration regime. In addition, KBRA is appointed as the designated rating agency by the Ontario Securities Commission for issuers of asset-backed securities to file a simplified prospectus or a shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

Analytical contacts

William Carson, Senior Director (Senior Analyst)

+1 (646) 731-2405

william.carson@kbra.com

Michael Pettigrew, Senior Analyst

+1 (646) 731-1208

michael.pettigrew@kbra.com

Sandy Azer, Director

+1 (646) 731-1200

sand.azer@kbra.com

Eric Neglia, Senior Managing Director (Chairman of the Rating Committee)

+1 (646) 731-2456

eric.neglia@kbra.com

Contact business development

Ted Burbage, Managing Director

+1 (646) 731-3325

ted.burbage@kbra.com

Source: Kroll Bond Rating Agency

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What does the Smiths Group plc (LON: SMIN) share price indicate? https://piazzacarlogiuliani.org/what-does-the-smiths-group-plc-lon-smin-share-price-indicate/ https://piazzacarlogiuliani.org/what-does-the-smiths-group-plc-lon-smin-share-price-indicate/#respond Tue, 20 Jul 2021 07:59:02 +0000 https://piazzacarlogiuliani.org/what-does-the-smiths-group-plc-lon-smin-share-price-indicate/

While Smiths Group plc (LON: SMIN) may not be the most well-known stock right now, it has seen significant share price movement in recent months on the LSE, reaching record highs. from UK £ 16.61 and falling to lows of UK £ 14.91. . Certain movements in stock prices can give investors a better opportunity to get into the stock and potentially buy at a lower price. One question to be answered is whether Smiths Group’s current trading price of £ 14.91 reflects the true value of the mid cap? Or is it currently undervalued, giving us the opportunity to buy? Let’s take a look at the outlook and value of Smiths Group based on the most recent financial data to see if there are any catalysts for a price change.

See our latest analysis for Smiths Group

Is Smiths Group still cheap?

Good news for investors – Smiths Group is still trading fairly low. According to my assessment the intrinsic value of the stock is £ 23.85 but it is currently trading at UK £ 14.91 on the stock market meaning there is still an opportunity to buy now . The Smiths Group share price also appears relatively stable relative to the rest of the market, as indicated by its low beta. If you think the stock price should eventually reach its true value, a low beta might suggest it’s unlikely to do so quickly anytime soon, and once it’s there it may be. difficult to fall back into an attractive purchase range.

What does the future of Smiths Group look like?

LSE: SMIN Profits and Revenue Growth July 20, 2021

Investors looking to grow their portfolio may want to consider the prospects of a company before buying its shares. Buying a large business with a solid outlook for a cheap price is always a good investment, so let’s also take a look at the future expectations of the business. Smiths Group profits over the next few years are expected to double, indicating a very optimistic future. This should lead to greater cash flow, fueling a higher value in stocks.

What this means for you:

Are you a shareholder? Since SMIN is currently undervalued, maybe now is the time to increase your holdings of stocks. With optimistic prospects on the horizon, it seems that this growth has not yet been fully reflected in the share price. However, there are also other factors such as the capital structure to consider, which could explain the current undervaluation.

Are you a potential investor? If you have been keeping an eye on SMIN for a while, maybe now is the time to get into the stock. Its prosperous future prospects are not yet fully reflected in the current share price, which means it is not too late to buy SMIN. But before making any investment decisions, consider other factors such as the track record of its management team, in order to make an informed purchase.

With that in mind, we wouldn’t consider investing in a stock unless we have a thorough understanding of the risks. Concrete example: we have spotted 2 warning signs for Smiths Group you must be aware.

If you’re no longer interested in Smiths Group, you can use our free platform to view our list of over 50 other high growth stocks.

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If you are looking to trade Smiths Group, open an account with the cheapest * professional approved platform, Interactive brokers. Their clients from more than 200 countries and territories trade stocks, options, futures, currencies, bonds and funds around the world from a single integrated account.

This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
*Interactive Brokers Ranked Least Expensive Broker By StockBrokers.com Online Annual Review 2020

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UC unit defends the acquisition of SPEX https://piazzacarlogiuliani.org/uc-unit-defends-the-acquisition-of-spex/ https://piazzacarlogiuliani.org/uc-unit-defends-the-acquisition-of-spex/#respond Mon, 19 Jul 2021 12:37:44 +0000 https://piazzacarlogiuliani.org/uc-unit-defends-the-acquisition-of-spex/

Malampaya Energy XP Pte. on Monday defended its acquisition of shares in Shell Philippines Exploration BV (SPEX), saying the Senate Energy Committee had failed to see the big picture.

The subsidiary of Udenna Corp. (UC) said the Senate panel focused on a “very thin slice of information” when it questioned its funding capacity. Malampaya Energy XP clarified that its market capitalization is “only one element of a capital structure and does not in itself reflect the company’s ability to finance transactions.”

“The SPEX acquisition is 100% underwritten and funded by bank loans from our existing lenders. These full installation agreements have been provided to the relevant decision makers, ”the company said in a statement.

Last week, Senator Sherwin Gatchalian questioned the financial capacity of the company headed by Dennis A. Uy, saying figures from the Singapore Business Accounting and Regulatory Authority showed Malampaya Energy XP not had only a paid-up capital of $ 100. That, he said, means the company can’t operate a platform with that amount.

“The acquisition is supported by internationally renowned financial institutions who have seen Malampaya Energy’s ability to meet its obligations and generate value,” said Malampaya Energy XP.

He added that at the end of the sale of shares, the company will have “more than 10 billion pesos in cash”.

“The Energy Committee has unfortunately looked at a very thin slice of information and it is Malampaya Energy’s responsibility to work with the DOE [Department of Energy] and PNOC-EC to ensure that all the facts are presented correctly and that the certainty of funding and significant liquidity are known, ”the statement said.

He added that “no drilling has been carried out to stop the depletion of the Malampaya field”.

“It’s been seven years since the last drilling activity. Malampaya Energy is making every effort to rejuvenate Malampaya through a drilling campaign once the transaction is completed. “

The Philippines, the company said, will run out of natural gas by next year, and the postponement of its entry “will exacerbate the deterioration of the electricity situation,” he said.


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Now is a good time to review Genting Singapore Limited (SGX: G13)? https://piazzacarlogiuliani.org/now-is-a-good-time-to-review-genting-singapore-limited-sgx-g13/ https://piazzacarlogiuliani.org/now-is-a-good-time-to-review-genting-singapore-limited-sgx-g13/#respond Sun, 18 Jul 2021 00:22:13 +0000 https://piazzacarlogiuliani.org/now-is-a-good-time-to-review-genting-singapore-limited-sgx-g13/

Genting Singapore Limited (SGX: G13), may not be a large cap stock, but it has received a lot of attention due to substantial price movement on the SGX in recent months, rising to S $ 0.93 at one point, and falling to the S $ 0.79 low. Certain stock price movements can give investors a better opportunity to get into the stock, and potentially buy at a price. inferior. One question to be answered is whether Genting Singapore’s current trading price of S $ 0.82 reflects the true value of the mid cap? Or is it currently undervalued, giving us the opportunity to buy? Let’s take a look at the outlook and value of Genting Singapore based on the most recent financial data to see if there are any catalysts for a price change.

See our latest review for Genting Singapore

Is Genting Singapore Still Cheap?

Good news, investors! Genting Singapore is still a great deal at the moment. According to my assessment, the stock’s intrinsic value is SGD 1.32, but it is currently trading at S $ 0.82 in the stock market, which means there is still an opportunity to buy now. . However, there may be another chance to buy again in the future. This is because Genting Singapore’s beta (a measure of stock price volatility) is high, which means its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall more than the rest of the market, providing a prime buying opportunity.

What does the future of Genting Singapore look like?

SGX: G13 Profits and Revenue Growth July 18, 2021

Investors looking to grow their portfolio may want to consider the prospects of a company before buying its shares. While value investors argue that intrinsic value versus price matters most, a more compelling investment thesis would be high growth potential at a cheap price. Genting Singapore’s profits over the next few years are expected to double, indicating a very optimistic future. This should lead to greater cash flow, fueling a higher value of the stock.

What this means for you:

Are you a shareholder? Since G13 is currently undervalued, maybe now is a great time to build up more of your holdings in inventory. With a positive outlook on the horizon, it seems that this growth has not yet been fully reflected in the share price. However, there are also other factors such as the capital structure to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping your eye on G13 for a while, maybe now is the time to get into the stock. Its optimistic outlook for the future is not yet fully reflected in the current share price, which means it is not too late to buy G13. But before making any investment decisions, consider other factors such as the track record of its management team, in order to make an informed purchase.

In light of this, if you want to do more analysis on the business, it is essential to be aware of the risks involved. For example, we discovered 1 warning sign that you should run your eye to get a better picture of Genting Singapore.

If you are no longer interested in Genting Singapore, you can use our free platform to view our list of over 50 other high growth potential stocks.

Promoted
If you are looking to trade Genting Singapore, open an account with the cheapest * professionally approved platform, Interactive brokers. Their clients from more than 200 countries and territories trade stocks, options, futures, currencies, bonds and funds around the world from a single integrated account.

This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
*Interactive Brokers Ranked Least Expensive Broker By StockBrokers.com Online Annual Review 2020

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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Is it too late to consider buying New Oriental Education & Technology Group Inc. (NYSE: EDU)? https://piazzacarlogiuliani.org/is-it-too-late-to-consider-buying-new-oriental-education-technology-group-inc-nyse-edu/ https://piazzacarlogiuliani.org/is-it-too-late-to-consider-buying-new-oriental-education-technology-group-inc-nyse-edu/#respond Fri, 16 Jul 2021 10:42:11 +0000 https://piazzacarlogiuliani.org/is-it-too-late-to-consider-buying-new-oriental-education-technology-group-inc-nyse-edu/

New Oriental Education & Technology Group Inc. (NYSE: EDU) has seen significant stock price movement in recent months on the NYSE, hitting highs of US $ 16.45 and falling to lows of $ 6.25 US. Certain movements in stock prices can give investors a better opportunity to get into the stock, and potentially buy at a lower price. One question to answer is whether the current price of US $ 6.84 from the New Oriental Education & Technology Group reflects the true value of the large cap? Or is it currently undervalued, giving us the opportunity to buy? Let’s take a look at the outlook and value of New Oriental Education & Technology Group based on the most recent financial data to see if there are any catalysts for a price change.

Check out our latest review for New Oriental Education & Technology Group

Is the New Oriental Education & Technology Group still cheap?

Good news for investors – New Oriental Education & Technology Group is still trading fairly low. According to my assessment, the intrinsic value of the stock is $ 9.22, but it is currently trading at US $ 6.84 in the stock market, which means there is still an opportunity to buy now. . Another thing to keep in mind is that New Oriental Education & Technology Group’s share price can be quite stable relative to the rest of the market, as indicated by its low beta. This means that if you think the current stock price should move towards its intrinsic value over time, a low beta could suggest that it is not likely to reach that level anytime soon, and once it is. ‘there it can be difficult to fall back into an attractive buying range again.

What kind of growth will the New Oriental Education & Technology Group generate?

NYSE: EDU Profits and Revenue Growth July 16, 2021

Investors looking for growth in their portfolio may want to consider a company’s prospects before buying its shares. While value investors argue that intrinsic value versus price matters most, a more compelling investment thesis would be high growth potential at a cheap price. With profits expected to more than double over the next two years, the future looks bright for New Oriental Education & Technology Group. It looks like a higher cash flow is expected for the stock, which should fuel a higher valuation of stocks.

What this means for you:

Are you a shareholder? Given that EDU is currently undervalued, maybe now is a great time to increase your holdings of stocks. With optimistic prospects on the horizon, it seems that this growth has not yet been fully reflected in the share price. However, there are also other factors such as the capital structure to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on EDU for a while, now might be the time to take a leap. Its promising future prospects are not yet fully reflected in the current share price, which means it is not too late to buy EDU. But before making any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed purchase.

If you want to delve deeper into the topic of New Oriental Education & Technology Group, you will also look at the risks it currently faces. Every business has risks, and we have spotted 2 warning signs for New Oriental Education & Technology Group you should know.

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This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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EU court dismisses Budget Airlines challenge to Rival’s viral aid https://piazzacarlogiuliani.org/eu-court-dismisses-budget-airlines-challenge-to-rivals-viral-aid/ https://piazzacarlogiuliani.org/eu-court-dismisses-budget-airlines-challenge-to-rivals-viral-aid/#respond Wed, 14 Jul 2021 22:14:00 +0000 https://piazzacarlogiuliani.org/eu-court-dismisses-budget-airlines-challenge-to-rivals-viral-aid/

Law360 (July 14, 2021, 6:14 p.m. EDT) – Austria did nothing wrong by giving Austrian Airlines 150 million euros ($ 177.5 million) in state aid last year to keep the airline on a level playing field during travel The industry has soared during the coronavirus pandemic, Europe’s second-highest court said on Wednesday.

The General Court of the European Union considered the case because some feared that Austrian Airlines would duplicate state aid. The company is part of Deutsche Lufthansa AG, or the Lufthansa Group, and Germany has already approved a series of aid measures for the parent company at the height of the …

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First Republic Bank Extends Founder, Chairman and CEO Jim Herbert’s Contract | Business https://piazzacarlogiuliani.org/first-republic-bank-extends-founder-chairman-and-ceo-jim-herberts-contract-business/ https://piazzacarlogiuliani.org/first-republic-bank-extends-founder-chairman-and-ceo-jim-herberts-contract-business/#respond Mon, 12 Jul 2021 22:39:37 +0000 https://piazzacarlogiuliani.org/first-republic-bank-extends-founder-chairman-and-ceo-jim-herberts-contract-business/

SAN FRANCISCO – (BUSINESS WIRE) – July 12, 2021–

Bank of the First Republic (NYSE: FRC), a leading private bank and wealth management company, today announced that its board of directors has extended the contract of founder, chairman and CEO Jim Herbert to December 31, 2022 , after which he will become executive chairman. The Board of Directors has also entered into a contract with Hafize Gaye Erkan as co-CEO, sharing CEO responsibilities with and reporting to Mr. Herbert. In addition, Ms. Erkan will continue to serve as Chair and Director of the Board.

This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20210712005831/en/

Jim Herbert, Founder, Chairman and Co-CEO, First Republic Bank (Photo: Business Wire)

“By expanding and enhancing their collaboration, the Board of Directors believes that Jim and Gaye’s partnership is a strong combination that will continue to build on First Republic’s differentiated business model and exceptional service, delivering strong organic growth. and return on investment for shareholders, ”said Reynold Levy, Senior External Director.

“Gaye has made a significant contribution to our performance as a company for seven years, and I look forward to continuing our successful partnership,” said Jim Herbert. “His considerable expertise in financial services has had a valuable and fruitful impact on the future development of our customer-centric business model. “

“The historic success of First Republic is built on our culture of taking care of every customer and colleague, one at a time,” said Hafize Gaye Erkan. “I am honored to be named Co-CEO and look forward to continuing to build on the long-term success of the company, alongside Jim and our entire management team. “

About First Republic Bank

Founded in 1985, First Republic and its subsidiaries provide private banking, corporate private banking and private wealth management services, including investment, trust and brokerage services. First Republic specializes in providing exceptional relationship services and offers a full range of products, including residential, business and personal loans, deposit services and wealth management. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. First Republic is included in the S&P 500 Index and the KBW Nasdaq Bank Index. For more information visit firstrepublic.com.

FRC-G

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are hereby identified as “forward-looking statements” for the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Any statement regarding our expectations, beliefs, plans, predictions, forecasts, goals, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made using words or phrases such as “anticipates”, “believes”, “may”, “could”, “could”, “may”, “predict”, “Possible”, “should,” “will”, “considers”, “plans”, “plans”, “continues”, “in progress”, “expects”, “intends” and words or similar expressions. Therefore, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed therein.

Forward-looking statements involving such risks and uncertainties include, without limitation, statements regarding: projections of loans, assets, deposits, liabilities, income, expenses, tax liabilities, net income, capital expenditures, cash, dividends, capital structure, investments or other financial items; expectations vis-à-vis the banking and wealth management sectors; descriptions of management plans or objectives for future operations, products or services; forecasts of future economic conditions in general and in our markets in particular, which may affect the ability of borrowers to repay their loans and the value of real estate or other property held as security for such loans; our growth opportunities and expansion plans (including the opening of new offices); expectations regarding the performance of any new office; projections on the amount and value of intangible assets, as well as the amortization of recorded amounts; future provisions for credit losses on loans and debt securities, as well as for unfunded loan commitments; changes in unproductive assets; expectations regarding the impact and duration of COVID-19; projections of future levels of lending or loan repayments; cost projections, including the impact on our efficiency ratio; and descriptions of the assumptions underlying or related to any of the above.

Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to: significant competition to attract and retain banking and wealth management clients, both from traditional and non-traditional financial services and technology companies; our ability to recruit and retain key executives, employees and board members; natural or other disasters, including earthquakes, forest fires, pandemics or acts of terrorism affecting the markets in which we operate; the negative impacts and disruption resulting from COVID-19 on our colleagues and clients, the communities we serve and the national and global economy, which may adversely affect our business, financial condition and results of operations; interest rate risk and credit risk; our ability to maintain and monitor high underwriting standards; economic and market conditions, including those affecting the valuation of our investment securities portfolio and credit losses on our loans and debt securities; real estate prices in general and in our markets; our geographic and product concentrations; demand for our products and services; developments and uncertainties relating to the future use and availability of certain benchmark rates, such as the London Interbank Offered Rate and the 11th District Weighted Average Cost of Funds Index, as well as other alternative reference; the regulatory environment in which we operate, our regulatory compliance and future regulatory requirements; any future changes in regulatory capital requirements; laws and regulations affecting us and the financial services industry, such as the Dodd-Frank law on Wall Street reform and consumer protection (the “Dodd-Frank law”), including increased costs compliance, business limitations and additional capital holding requirements, as well as changes to the Dodd-Frank Act in accordance with the Economic Growth, Regulatory Relief and Consumer Protection Act; our ability to avoid litigation and their associated costs and liabilities; future Federal Deposit Insurance Corporation (“FDIC”) special valuations or changes to regular valuations; fraud, cybersecurity and privacy risks; and the personalized technology preferences of our customers and our ability to successfully execute initiatives related to the improvement of our technology infrastructure, including systems and applications for customers. For a discussion of these and other risks and uncertainties, see documents filed by First Republic with the FDIC, including, but not limited to the risk factors in First Republic’s annual report on Form 10 -K and any subsequent reports filed by First Republic with the FDIC. These documents are available in the Investor Relations section of our website.

All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. All forward-looking statements are qualified in their entirety by reference to factors discussed throughout our public documents under the Exchange Act. In addition, any forward-looking statement speaks only as of the date on which it is made, and we do not undertake to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unforeseen events.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210712005831/en/

CONTACT: Investors:

Andrew Greenebaum / Lasse Glassen

Investor Relations Addo

accordnebaum@addo.com

lglassen@addo.com

(310) 829-5400 Media:

Greg Berardi

Blue Marlin Partners

gberardi@firstrepublic.com

(415) 239-7826

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES

SOURCE: Bank of the First Republic

Copyright Business Wire 2021.

PUB: 07/12/2021 18:39 / DISC: 07/12/2021 18:39

http://www.businesswire.com/news/home/20210712005831/en


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