Report: ML Strategy
April 2020
You will be able to download all slides in power point for this report
and all data is available excelBroad sector buy intact based
Economies going back to normal
Some sectors missed a quarter of earnings
Missed earnings imply either shrinking equity or larger debt depending on fixed costs
In either way missed earnings imply higher debt to equity ratio
Missed earning in some cases imply dilution of current shareholders
Because debt is cheaper for companies in the current environment this means a lower WACC
Lower WACC could imply higher valuation for companies which managed not to increase their net debt
This supports a broad sector buy, buybacks and larger dividends for existing key shareholder to reinvest
On the negative side demand is weaker
Revenues are likely to be lower in the second half of 2020
Incomes lower
Multiples higher across the markets
Higher Debt EBITDA ratio
Covenants under pressure
Deleveraging
Cost cuts
Lower capex
and on balance probably lower cashflows
Rural Investment Banking Coworking
Midlincoln deurbanisation enterprise intitiative
This section contains links to materials about Midlincoln deurbanisation enterprise intitiative.
Midlincoln is testing rural co-working model as its core business. Half of the co-working space is dedicated to investment analytics service and half of the space is industrial, creative environment with machines and tools which can be used in product development and small scale production. Our deurbanisation enterprise intitiative includes the following ideas:
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Village Telecoms
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Small Scale
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Heating, Water, Electrics
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