Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: TalkTalk, Adler Pelzer, Borr Drilling, Ontex, Canpack, Bombardier, Azelis, Picard, Air Baltic, Teva

Europe HY Trade Book - Media & Communications - Lucror Analytics

The Europe HY Trade Book - Media & Communications includes current trade recommendations drawn from our European HY media & communications coverage universe, along with relative-value scatter plots and a peer table. 

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Iliad, TalkTalk, SIG plc, Atalian, Forvia (formerly Faurecia)

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Virgin Media O2, NewDay, MasOrange, TalkTalk, Ineos Quattro, Italmatch Chemicals, Advanz Pharma, CEMEX, Lecta, Aston Martin

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Vedanta Resources, Nemak, Ineos, Ineos Quattro, TalkTalk

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Infopro Digital, TalkTalk, Stada, VodafoneZiggo, Vedanta Resources

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Fedrigoni, Standard Profil, United Group, Altice International, NewDay, TalkTalk, EVOCA, Ineos, Nomad Foods (Iglo), Ineos Quattro, TUI

TalkTalk (1st lien: From Overweight to Neutral) Update on new initiat...

In early June, we upgraded the TalkTalk 1st lien debt to Buy – and it has since rallied from 45 to 75. We have also now seen a good degree of the Consumer changes that TalkTalk highlighted were coming earlier this year and based on what we have seen, we see no reason to change our existing forecasts. In this note, we therefore run through the new initiatives, the valuation and hence, the driver of our decision to move the 1st lien bonds back to Neutral.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: e& PPF Telecom, TalkTalk, VodafoneZiggo, Bombardier, Nomad Foods (Iglo), Ineos, Ineos Quattro

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Modulaire, evoke, Novelis, TalkTalk, Zegona, NewDay, Flora Food Group, Borr Drilling, Solenis, TUI, Air Baltic

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Sappi, Multiversity, TalkTalk, Tullow Oil, Softbank Group, Novelis

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Altice France (SFR), Zegona, Urbaser, Telecom Italia, TalkTalk, Nemak, Tata Motors, Tereos, Grupo Antolin, Rexel, Iceland Foods

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Trivium, Applus, Altice France (SFR), Casino Guichard-Perrachon, International Personal Finance, TeamSystem, Aston Martin, Virgin Media O2, Liberty Global, TalkTalk, Recordati, Tata Motors, Nexans, Italmatch Chemicals, Itelyum Group, Teva

TalkTalk (1st Lien - Overweight) New capital injection a mixed blessi...

TalkTalk has announced a new funding arrangement of up to £100m of extra liquidity. They have also provided new guidance and we run though our take on the new funding and the new guidance. We then provide an update to our forecasts and what this might mean for M&A possibilities

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Intrum, MasOrange, Victoria, TalkTalk, House of HR, Vallourec, Recordati, Ahlstrom, Ineos Quattro

Talktalk - ESG Report - Lucror Analytics

TalkTalk (Overweight 1st lien) Deeper dive on customer trends and est...

There is a lot of focus (quite rightly) on TalkTalk’s customer trends as a longer-term indicator of their growth trajectory but the initial Q1 results suggested a wide range of outcomes.However, we now have more detail on this from the company and in this note, we take a deeper dive into the precise customer trends and provide an updated set of forecasts. For BT, we then also assess the potential impact that this might be having on Openreach.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: TalkTalk, Zegona, Ontex, EnQuest Plc, Froneri, Loxam

TalkTalk (1st lien Overweight) Q1: Rising customer churn an additiona...

TalkTalk has reported Q1 results – the first time that they have done so. Rising churn appears to be acting as a further drag on customer trends which puts even more weight on the need for their consumer brand relaunch to be a success, albeit we are cautious on the level of impact this will have given constrained resources. The company suggested that they have received some inbound M&A interest and we still see a sale as the most likely ultimate option which we believe should help to support the...

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: CMA CGM, Cirsa, Ineos, Ineos Quattro, TalkTalk, Picard, Telecom Italia, Air France-KLM