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LATAM Airlines : Buy Based On EV/EBITDAR Valuation

2015-07-01 11:28:58| Airlines - Topix.net

LATAM Airlines Group was formed through the merger of Chile's LAN Airlines and Brazil's TAM Airlines which was officially completed on 22-Jun-2012. The merged airline group operates an extensive network of passenger and cargo services internationally and throughout Latin America.

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CarMax Has Healthy Growth Prospects, But Valuation Keeps Us Tethered

2015-06-28 18:24:54| Auto Dealers - Topix.net

Car sales surging to pre-2008 Recession levels behind low fuel prices, low interest rates, and a high-and-flattened average age of vehicles. CarMax possesses certain competitive advantages, such as its flat-commission sales strategy, which should ensure in-line growth with market and high customer retention.

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Sophos prices IPO for valuation of over GBP 1 bln

2015-06-26 13:59:00| Telecompaper Headlines

(Telecompaper) Security service provider Sophos has priced its initial public offering, which it announced earlier this month, at 225 pence per share, bringing its market capitalisation to over GBP 1 billion at the start of conditional dealings. The IPO will be of 156.5 million shares, representing 34.8 percent of the company's issued share capital, assuming no greenshoe. The selling shareholders have granted an over-allotment option of almost 23.5 million shares, representing 15 percent of the shares in the offer. Sophos will be raising around USD 125 million in gross proceeds. The provider will use the money to reduce debt and provide it with better financial flexibility. The selling shareholders will receive gross proceeds of about GBP 272.6 million. At the end of the transaction, Apax Funds will hold 40.1 percent, the founders 18.9 percent, Investcorp 2.5 percent and the directors 1.7 percent. Shares are expected to start trading on the London Stock Exchange on 26 June. At admission, the company will have 450 million shares in issue.

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