Related by context. All words. (Click for frequent words.) 81 cashflows 80 cash flow 68 cash flows 61 ungeared 59 capital expenditure 57 covenant headroom 57 TTM levered free 56 balance sheet 56 capex 56 ebitda 55 Cashflow 55 cash generative 54 fully franked dividends 54 ungeared balance sheet 54 profitability 53 cash fl ow 52 profitabilty 52 FCF = 51 liquidity 51 fullyear 51 breaching covenants 50 R# 4m [001] 50 profitablity 49 GBP#.#b 49 #.#ca share [003] 49 overheads 49 Ebitda 49 debt paydown 49 A#.#bn 49 writebacks 49 highly leveraged 49 R2 8bn 49 GBP#M [002] 48 FCF 48 RUB#.#bn [001] 48 equity RoE 48 Profitability 48 R# 2m 48 PPF levy 48 GBP#.#M [001] 48 dividend payout ratios 48 dividend payouts 47 Q2 F# 47 R2 1bn 47 A#.#b [002] 47 invoice discounting 47 EBIDTA 47 distributable reserves 47 Broker Numis 47 A#m [002] 47 debts 47 tenanted pub 47 administrators Zolfo Cooper 47 GBP#.#m [002] 47 outgoings 47 Amcil 47 AUD#m 47 profits 47 Cattles Invoice Finance 47 ebita 47 solvency ratios 47 EUR#.#b 46 Speymill 46 recapitalised 46 Cattles 46 payout ratio 46 heps 46 SEK1 #m 46 PGG W 46 debt 46 dilutionary 46 RoEs 46 TSUK 46 EDITDA 46 Vanquis Bank 46 R#m R#m [002] 46 Broker Altium Securities 46 Paulsens Gold 46 loanbook 46 RUB#.#bn [002] 46 R4 2bn 46 ample liquidity 46 debt maturities 46 opg 46 R7 1bn 46 Djerriwarrh 46 Invocas 46 dilutionary effect 46 proc fees 46 R1 3bn 45 Cash Flow 45 Broker Cazenove 45 repayments 45 FY# NPAT 45 dividend payout ratio 45 EBITDA 45 GBP#.#m [004] 45 rental reversions 45 Frischgewaagd Ledig project 45 interims 45 GBP1bn 45 annualising 45 analyst Charles Kernot 45 Pamodzi Gold 45 Ebitda margins 45 Fruit distributor Fyffes 45 EBITDAF 45 R6 3bn 45 ¤ #.#m 45 e#m [001] 45 doubtful debts 45 distributable earnings 45 Howden joinery 45 Newstan 45 analyst Dougie Youngson 45 lease expiries 45 FY#e 45 DKK #.#bn [001] 45 equity raisings 45 R3 3bn 45 covenant breaches 45 prospective PER 45 R4 5bn 45 Housebuilder Bovis 45 Mr Funke Kupper 45 Tilbian 45 EUR#.#B [001] 45 debt repayments 45 Capex 45 BassGas 45 capital expenditures 45 EBTIDA 45 NPAT 45 R3 5bn 45 R#.#billion 45 R3 1bn 45 Einhell 45 R1 9bn 45 1H FY# [002] 44 profit margins 44 e#.#m [002] 44 franked dividends 44 #.#ca share [002] 44 Talarius 44 E1bn 44 Highly leveraged 44 Whyalla blast furnace 44 QGIR 44 Chemnet 44 GBP #.#m [002] 44 undemanding valuation 44 H1 pretax falls 44 GBP2m 44 Mr Buonaccorsi 44 broker Numis Securities 44 STERIS calculation 44 loan repayments 44 Invoice Finance 44 unhedged 44 receivable balances 44 AMP4 44 Asa Bridle 44 Gluskie 44 EBIDTA margin 44 R1 #bn [001] 44 unitholder distributions 44 TCNZ 44 EBIDA 44 R# 7m [002] 44 macroenvironment 44 IC COMMENT 44 Broker snap 44 R# 3m [001] 44 incomings 44 Ibersecurities adds 44 ATH Resources 44 sharemarket float 44 R2 2bn 44 INR#.#m [002] 44 R# 6m [002] 44 UKpound# 44 Davyhurst 44 Nicola Mallard 44 R3 #bn [001] 44 Eu2bn 44 flat yield curve 44 SKr#.#bn [001] 44 R# 8bn 44 Rob Flannagan 44 R1 4bn 44 Modder East 44 Eatonfield 44 Zondereinde 44 ¥ #bn [002] 44 GBP#m [001] 44 balance sheets 44 CAPEX 44 Dexus 44 R3 4bn 44 structural subordination 44 Arbuthnot Securities 44 Liquidity 44 € #.#billion 43 FTSE# constituent 43 amortisations 43 Metboard 43 IGD surplus 43 GBP #mln 43 valuations 43 R4 4bn 43 ₤ #.#bn 43 Palamin 43 unleveraged balance sheet 43 Hambledon Mining 43 Mr Liebelt 43 #,#-#,# oz 43 NZSF 43 FYE# 43 tenanted estate 43 Chief Executive Samir Brikho 43 RoE 43 FY# FY# [001] 43 R6 7bn 43 earnings 43 Tolent 43 #c/share [001] 43 cash fl ows 43 EUR#.#bn [003] 43 EBIT 43 R3 8bn 43 profi t 43 NZ#.#m [002] 43 FY# [001] 43 GBP#m [002] 43 BRIEF RESEARCH ALERT Numis 43 R7 7bn 43 EBITDA margin 43 refinancing 43 R2 #bn [001] 43 Interims 43 freehold pubs 43 stockmarket flotation 43 #.#pa share [003] 43 amortise 43 securitising 43 dividend payout 43 R# 4bn 43 R# 4m [002] 43 Y#bn [002] 43 NZ#m [001] 43 Hudaco 43 LCH Generators 43 R8 5bn 43 freeholds 43 opg margin 43 R5 6bn 43 Cash Flow Cushion 43 Ebidta 43 balancesheet 43 nonperforming loans NPLs 43 opg profit 43 recapitalising 43 liquidities 43 GBP#.#B [002] 43 #,#-#,# ounces 43 Mr Allely 43 #koz [001] 43 Paraprop 43 divi 43 normalized EBITDA 43 #.# mln aud 43 ROCE 43 Redcape 43 valuation 43 ap e 43 Morning Eyecatchers 43 Mr Tsenin 43 operate viably 43 Rynning Toennesen 43 Finzsoft 43 Freda Rebecca 43 A#.#m [005] 43 #.#/sh 43 underlying NPAT 43 Murrin Murrin 43 GBP2bn 43 interest margins NIMs 43 Mophatlane 43 ANZO 43 repo counterparties 43 PanAust 43 SEK#.#bn [004] 43 Brett Le Mesurier 43 amortising 43 Alexaline 43 R1 7bn 43 Begbies 43 EUR4bn 43 capitalization 43 estimated undiscounted 43 rerate 43 opco 43 Free Cash Flow 43 DSCRs 43 ZAR#m 43 pre exceptionals 42 DIFCI 42 HICL 42 housebuilding sector 42 Rabinov 42 ZAR #.#bn [001] 42 Loanmakers 42 Mr Leupen 42 Monadelphous 42 npat 42 Debtmatters 42 Debts.co.uk 42 Iluka Resources Ltd 42 PLN#.# billion [001] 42 Tau Lekoa 42 EUR6 billion 42 DCF valuation 42 Mr Rufrano 42 Connector Motorways 42 Nicole Hollows 42 GBP#.#m [003] 42 SFr#.#bn [003] 42 R# 7bn 42 ebit 42 Baal Gammon 42 DKK#.# billion [001] 42 life assurers 42 R# 5bn 42 R#m R#m [001] 42 R1 ,# billion [002] 42 EUR3m 42 EMEA CMBS 42 Koffiefontein 42 Mr Frazis 42 Westhouse 42 GBP#.#bn [002] 42 Mattioli Woods 42 R6 4bn 42 Realisations 42 IDR# trillion 42 £ #m [001] 42 Australand Property Group 42 Mr Saligari 42 asset disposals 42 SciSys 42 MXN#.# billion [002] 42 Abbeycrest 42 un levered 42 solvency 42 #oz [001] 42 SAMAG 42 mitigants 42 R# #/kg [002] 42 tenanted pubs 42 normalized EPS 42 € #,# bn [002] 42 NZ Windfarms 42 Hawkpoint 42 amortization Ebitda 42 monthly outgoings 42 E#.#m [001] 42 Tjate 42 MRCF 42 unlevered balance sheet 42 Ms Hollows 42 prelisting 42 overgeared 42 fully franked dividend 42 R4 7bn 42 EUR5 billion 42 Anglesey Mining 42 CDO financings 42 R# ,1 billion 42 secured debenture holders 42 R7bn 42 HBOS.L 42 Offshore Hydrocarbon 42 assets RoA 42 Telford Homes 42 Tolukuma 42 Yabulu 42 payout ratios 42 Office2office 42 bottomline 42 EPS accretion 42 Chief Executive Sandy Crombie 42 SEK#.#bn [001] 42 Unlevered 42 R4 9bn 42 ZAR#.# billion [001] 42 Capital Employed 42 DMGT 42 R5 5bn 42 £ 5m £ 6m 42 Profit Surges Quick Facts 42 Thaioil 42 revenue streams 42 discounted cashflow 42 mln stg 42 #FY 42 A#.#m [003] 42 Topps Tiles 42 producer Iluka Resources 42 EUR2m 42 undrawn 42 R# 6bn 42 DKK#.#bn [001] 42 pro forma EBITDA 42 R# 8m [002] 42 R# 5m [002] 42 Petroneft 42 Accuma 42 OZ Minerals 42 PHP2 billion 42 R1 8bn 42 broker Tricom 42 reiterates FY 42 orderbook 42 George Raftopulos 42 Marac 42 R2 4bn 42 Kalsaka mine 42 valuation multiples 42 AustMag 42 Anagnostaras Adams 42 Tas Paper 42 AlintaGas 42 DAVID SHAPIRO Yes 42 R2 ,7 billion 41 FY#/# [003] 41 H2 FY# 41 Accuma Group 41 fund raisings 41 longerterm 41 sufficient headroom 41 YonY 41 PaperlinX 41 offtake agreements 41 Hugh Guy Lorriman 41 Mirrabooka Investments 41 GERLING NCM 41 mediumterm 41 FY#F 41 EBITA 41 ₤ #m [002] 41 R2 7bn 41 Chesnara 41 FY# Adj 41 cash 41 E#.#m [002] 41 BEE credentials 41 Basis Yield Fund 41 R4 1bn 41 R2 6bn 41 metric signaling 41 borrowings 41 undrawn revolver 41 3i Infrastructure 41 Alumina Ltd 41 EBITDA1 41 Wesfarmers WES 41 R# 5m [001] 41 EUR1bn 41 brownfield expansions 41 Lonpac 41 pref shares 41 OZ Mineral 41 #.#mln rub [007] 41 revenue 41 Roger Cursley strategist 41 Nick Collishaw 41 director Peter Botten 41 #H# [008] 41 AIFRS 41 tenanted pub estate 41 CapEx 41 Giles Thorley 41 Samir Brikho 41 £ #.#m [005] 41 #.#pa share [005] 41 SEK3 41 Deikmann 41 #koz [002] 41 capital raisings 41 R8bn 41 #p/share [002] 41 gilt issuance 41 Zetar 41 R# 3m [002] 41 John Stomber 41 housebuilder Bovis 41 overcapacities 41 MAp airports 41 NOK#.#bn 41 FY# Profit Declines 41 Corihuarmi 41 EACH TIME 41 Varvarinskoye 41 Atorka 41 Norseman Gold 41 LFASS 41 E5m 41 e#bn 41 PSource 41 R9m 41 #bps QoQ [002] 41 Commercial Mortgages 41 Wattle Dam 41 CHF#.#bn [002] 41 Singer Capital Markets 41 R3 2bn 41 Nils Machemehl 41 capital employed RoCE 41 £ #.#bn [007] 41 USD1bn 41 Metallon Gold 41 hyperinflationary environment 41 finances 41 ALE Property 41 THB#.# billion [001] 41 Whistlejacket SIV 41 profi ts 41 MCEV 41 #cps 41 Whistlejacket 41 MARKET EXPECTATIONS Analysts 41 US#.#m [002] 41 Minara 41 franking credits 41 Mr Wozniczka 41 SKr#m 41 E2bn 41 R1 2bn 41 R4 8bn 41 Southland Colliery 41 Baycorp 41 RM2b 41 ASX GDN 41 Mr Ellice Flint 41 Andrew Mohl 41 Chief Executive Giles Thorley 41 Won#bn 41 fi nancing 41 Eurovestech 41 PaperlinX PPX 41 EBIT margin 41 sees FY pretax 41 Tesco TSCO.LN 41 Urbus Properties 41 FY pretax profit 41 Housebuilder Crest Nicholson 41 R# ,2 [002] 41 investee companies 41 FSCS levy 41 pretax profit 41 TransWestern 41 Gala Coral 41 undemanding valuations 41 AUD#.# billion 41 SmartGrowth deposits 41 Pounds #.#m [002] 41 Rob Velletri 41 DKK#.#bn [002] 41 Normalised 41 £ #.#m [004] 41 hedgebook 41 JPY#.#bn [001] 41 Stg#.# billion [002] 41 £ #.#m £ #.#m 41 Y#.#bn [003] 41 exceptionals 41 H1 pretax rises 41 E1m 41 Ebitda margin 41 Statpro 41 RICHARD PIKE 41 Webis Holdings 41 Glotec 41 yield curve steepen 41 Peter Sigley 41 Cashflows 41 R4 6bn 41 Amazing Loans 41 Eqstra 41 Pounds #.#bn [001] 41 R2bn 41 Conygar 41 Transsib Re 41 analyst Mike Trippitt 41 #E EBITDA 41 Prestbury Holdings 41 undrawn commitments 41 Profit Rises Quick Facts 41 GBP#.#M [003] 41 overcapitalised 41 GBP#M [001] 41 ScS 41 Labuan Re 41 SingPower 41 Sesame Bankhall 41 Fy# 41 Munali nickel project 41 RUR #bn [002] 41 FY# FY# EPS 41 balance sheet deleveraging 41 receivables 41 E1 #Mn 41 AB Nuvo 41 overcollateralisation 40 NZ#m [002] 40 GSJBW 40 Punch Taverns 40 H1 pretax 40 InnSpired 40 R6 6bn 40 subordinate tranches 40 LPTs 40 EBDITA 40 R#.#bn [004] 40 H1 40 coal haulage 40 Uridashi issuance 40 GBP3m 40 CommQuest 40 CHF#m [001] 40 Admiral Taverns 40 Stephen Roelofse 40 Octodec 40 monoline exposure 40 EUR#.#bn [001] 40 Bakries 40 Pengana Managers 40 THB#.#bn [001] 40 GBP #million [002] 40 Unfavourable Changes 40 landbank 40 E#.#m [003] 40 Prospectively 40 EBITD 40 bln sgd 40 R1 ,4 billion 40 CHF#.#bn [003] 40 ROAs 40 FYE# FYE# 40 seasonally quieter 40 Newstan mine 40 abnormals 40 capital expenditure capex 40 #.#bn rub [004] 40 DAVID SHAPIRO Ja 40 USD#.#bn [003] 40 EUR#M [001] 40 R# ,9 [001] 40 ii Immtech ability 40 KimCor 40 chairman Alun Cathcart 40 leaseback arrangements 40 R4bn 40 Paul Robertshawe 40 Aricom 40 Propertyfinance 40 LandSecs 40 £ #.#m PBT 40 ¥ #.#bn [003] 40 NEVILLE CHESTER 40 GBP #.#m [001] 40 Housebuilder Persimmon 40 taxation depreciation 40 Severfield 40 Pouroulis 40 #,# m [004] 40 Alumasc 40 SEK#M 40 Langer Heinrich 40 Francois Diedrechsen 40 profitable 40 Fitch BBB medians 40 Marston MARS.L 40 z ³ .#.# [002] 40 SThree 40 EnviroWaste 40 SPECULATIVE BUY 40 £ #.#m [006] 40 Conygar Investment Company 40 adjusted Ebitda 40 Clive Forestier Walker 40 AUD#.#bn 40 OneLogix 40 '#E EPS 40 USD2bn 40 ZAR #mn 40 TDX Group 40 SPECULATIVE BUY recommendation 40 balancesheets 40 £ #.#billion [003] 40 GEONG 40 Isa savers 40 JPY#bn [002] 40 Calgro 40 depreciation 40 FRS# 40 SHKPI 40 R4 #bn [002] 40 EBITA margin 40 revenues 40 GBP#k 40 Clifton Bligh 40 Wizard Inns 40 Eu#.#bn [001] 40 lfl 40 rent arrears 40 Punch Taverns PUB.L 40 Richard Leupen 40 dividend 40 € #,# bn [003] 40 Pounds #.#m [001] 40 NZ Superannuation Fund 40 UKpound#.#bn 40 Boëttger 40 Megamart stores 40 Pano Raftopoulos 40 broker Numis 40 Eu#.#bn [002] 40 Broker Panmure Gordon 40 R4 5m 40 Wichford 40 PHP#.# billion [004] 40 ZAR#.# billion [002] 40 #-#.# bln eur 40 Sfr#bn 40 Lok'nStore 40 mortgage repayments 40 Tikit 40 USD5bn 40 WHSP 40 stg# [001] 40 NZ#c 40 Gerald Khoo 40 Frikkee 40 CHF#.# billion [001] 40 R# #/kg [003] 40 Mr Rowsthorn 40 financial 40 HGL 40 unfranked dividend 40 interest margin NIM 40 Rs4bn 40 MYR#.# billion 40 REL Consultancy Group 40 Sub Nigel 40 SEK#.#bn [002] 40 OXR 40 EUR4 billion 40 MSIF 40 stressed DSCR 40 E#.#bn [004] 40 ProvencoCadmus 40 Faritec 40 Asset Management NRAM 40 HUF #bn [001] 40 Batram 40 PGGW 40 EBDITA margins 40 securitisations 40 OpCo 40 Greatfleet 40 Fonterra payout 40 remortgage 40 outperformance 40 Mr Deverall 40 shareprice 40 Commerzbank Dresdner 40 Windflow 40 DBCT 40 Cyril Ramaphosa Shanduka 40 #.#billion £ #.#billion 40 BEE shareholding 40 Adjusted EBITA 40 stockbrokers Davy 40 EUR2bn 40 Guinness Peat 40 EUR -#.# -#.# [001] 40 accounts receivable balances 40 KD#m [001] 40 franked dividend 40 lossmaking 40 E#.#bn [003] 40 positive newsflow 40 RBOS 40 GBP4m 40 subprime mortages 40 Kovacocy 40 3/share 40 adjusted EBITDA 40 FCGH 40 Stellar Diamonds 40 Brock Salier 40 Regent Inns 40 CEO Jens Montanana 40 Macarthur Coal MCC 40 margins 40 E2m 40 Metnor 40 Matodzi 40 ZAR#.# [007] 40 DKK#m [001] 40 Caterer Compass 40 collaterised 40 Ferrexpo 40 Wonarah 40 Allco Principals Trust 40 landbanks 40 EV EBITDA multiples 40 Aryzta 40 PRIVATE INVESTOR 40 #.#-#.# bln eur [003] 40 £ 9bn 40 solvency ratio 40 R# ,3 [002] 40 holdco 40 Luminar 40 Transfield Services Infrastructure 40 Fund AICF 40 Boral BLD 40 analyst Sanjay Vidyarthi 40 EUR#m [002] 40 Ukbetting 40 £ #.#bn [005] 40 DKK #m 40 R#/kg [001] 40 Financially 40 BPE Segment 40 ResiLogic default 40 broker Seymour Pierce 40 Mr Iwaniw 40 #.#bn rub [001] 40 Halfmile Mine 40 miner Iluka Resources 40 PAYG installments 40 CHF#m [002] 40 Individual Voluntary Agreement 40 Harvey Norman HVN 40 profitably 40 HUF 5bn 40 EPADS estimate 40 Oliver Gilvarry 40 Kalsaka 40 assurers 40 R#/share 40 WesTrac 40 refinance 40 MNOK #,# 40 Otway Gas 40 interim dividend 40 Close Bros 40 Credit Made Simpler 40 invisibles surplus 40 Urquhart Stewart 40 tax npat 40 John Ellice Flint 40 upstream MLPs 40 FXJ 40 Arch Cru 40 H#FY# 40 CEZinc 40 shareowner value 40 INR#.#m [001] 40 CAPITAL RESOURCES 40 Progress Assicurazioni SpA 40 rerating 40 Australand 40 Mr Montarello 40 € #.#m [001] 40 Jack Chemello 40 profts 40 DCPM 40 Gresham Private Equity 40 collateralise 40 YFM Private Equity 40 R8 5m 40 BBIPL 40 OIBDA CapEx 40 A#.#m [004] 40 Motivcom 40 HUF #.#bn [005] 39 CAD#m [002] 39 Akdala 39 Order Intake 39 EPS accretive 39 '#m [001] 39 Ufindus 39 AVCs 39 SACMH 39 Invista Real Estate 39 Howden Joinery 39 US#.#bn [004] 39 INR#.#bn [001] 39 FY# Profit Rises 39 deconsolidate 39 de levering 39 Currency fluctuations 39 PIETER PRINSLOO 39 FY#/# [004] 39 Wesfarmer 39 TGME 39 Frog Leg mine 39 € 9bn 39 technically insolvent 39 HBOS Lloyds 39 NOK#.# billion [001] 39 GBP#.#m [001] 39 £ #m [002] 39 stockbroker Panmure Gordon 39 TripleArc 39 Timescales 39 Peter Braendle 39 Q1 F# 39 R#m [002] 39 NatFoods 39 £ #.#ma [005] 39 Pessina KKR 39 Augusto Lange 39 GBP #.#bln [001] 39 comparatives 39 HUF #bn [002] 39 Lesego Platinum 39 Afrikander Lease 39 Mark Ebbinghaus 39 Tutt Bryant 39 Yellow Sheds 39 #.#-#.# bln eur [005] 39 Numis 39 Overheads 39 Worldspreads 39 EUR1B 39 Tahmoor mine 39 #x #E 39 E#.# billion [002] 39 Luba Freeport 39 Timbercorp 39 Chelverton 39 Winston Sammut 39 USD5m 39 RSM Bentley Jennison 39 Charles Kernot 39 Poyntz Wright 39 Alphameric Solutions 39 SunInc 39 Kevin Lapwood 39 dehedging 39 Michael Blogg 39 Barcap 39 £ 1bn 39 underleveraged balance sheet 39 loan outstandings 39 Rs#.#b [001] 39 HOUSEBUILDER Bellway 39 ZAR#.# [005] 39 Heavitree Brewery 39 repayment 39 Djerriwarrh Investments 39 Garvis Snook 39 FY opg profit 39 Programmed Maintenance Services 39 Finsch 39 Vantis plc 39 Mr Milkovits 39 Mavinwood 39 SFr#.#bn [001] 39 annualise 39 RUSSIA Baltika 39 Peter Hambro 39 n#.# [002] 39 Mintails 39 R1 1bn 39 R# 8m [001] 39 cashable savings 39 THEO VORSTER Yes 39 deleverage 39 Noni B 39 R5 8bn 39 Williams de Broë 39 banking convenants 39 XN Checkout 39 Miclyn Express 39 LBO leveraged buyout 39 TAKKT Group 39 R1 6bn 39 R4 6m 39 voluntary prepayment 39 stakeholder CTFs 39 £ 4bn 39 #.#-#.# mln usd 39 PIKs