SoftBank Group (SBG) reported its earnings results for FY2019 on Monday (May 18, 2020), including record losses — mostly driven by adjusting the value of its investments like WeWork and Uber, downwards. Son announced another share buy back program and that SoftBank would invest in startups on its own, since finding outside investors for SVF sequels is unlikely. Time to update my sum-of-the-parts valuation…
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How did Pandora fare in Q1 with Corona hitting Physical Stores Hardest?
Pandora A/S (PNDORA DC) released its Interim Financial Report Q1 2020 today (May 5, 2020). January and February showed very encouraging sales trends, but then Corona hit the physical store networks. How did Pandora cope with the lockdowns?
Continue reading “How did Pandora fare in Q1 with Corona hitting Physical Stores Hardest?”How do Share Buy Backs and Other Sorts of Capital Allocation create Shareholder Value for You?
As a shareholder, you do want to know if all these share buy backs create value for you (and me) …
Continue reading “How do Share Buy Backs and Other Sorts of Capital Allocation create Shareholder Value for You?”Number of Shares Outstanding
The last step within a DCF valuation, is to divide the estimated fair equity value over number of shares outstanding to get to your estimate of fair value per share. This article discusses how to calculate the number of shares outstanding correctly and related issues, such as …
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