21 ordspråk av Stuart Fraser
Stuart Fraser
I disagree with people who think that the market got ahead of itself and that there will be a sell-off,
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It only just entered China, and there's plenty to do there, so there's concern the management may get stretched.
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It's a nice price, but there might be some other parts of the business to be knocked off too. The management needs to make a fist of its strategy. Otherwise we'll see some bid activity.
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It's the difference between U.S. GAAP [generally accepted accounting practices] and French GAAP. They moved to U.S. GAAP and who cares? But if you say anything you are going to be hit. There is just panic in the market.
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It's the end of a saga that devalues the Gerry Robinson brand - it was greedy of him to want such a huge salary. We'll wait and see how well Flynn gets to grip with things as this has cost him a lot of time.
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Ports are a growth business on a global scale. For Dubai it would be a strategic investment for the long-term.
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Private-equity firms like strong cash flow and you have that in a betting operation. I think they want to get in there before a possible IPO.
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Punch thinks they can still do these larger takeovers, and Enterprise is looking at disposals and returning money to shareholders. Punch is the more aggressive player.
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Size and leverage and balance sheets will overcome the protectionism.
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Technology is here to stay. There is long-term growth in the industry.
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The background has been encouraging so I don't think it's just a Christmas rally to expire completely in January. We've seen good confidence numbers from the U.S. and Germany, stronger growth, inflation well contained. The oil price is admittedly sticking a bit around $60 but it isn't going up anymore.
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The concern is there'll be less capital investment and fewer buybacks.
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The U.S. has been a graveyard for U.K. retailers, so investors are a little cautious. It could be that it wants to a get a flavor for the market through a small operation and then make a massive acquisition to get instant size.
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There are some encouraging signs. They're going in the right direction. Still, they've got quite a job in front of them.
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There is no pressure on Clara. Maybe she thinks the Nasdaq offer is not the final offer, and she's waiting for a higher bid.
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