๐ ๐ช๐ต๐ฎ๐ ๐๐ผ ๐ช๐ฎ๐๐ฐ๐ต ๐
๐ฃ $WE (WeWork Inc) Flexible office firm WeWork reports its Q3 results today, the first time to do so as a publicly traded firm. The company has just gone public via Spac merger, having traded since the middle of October on the New York Stock Exchange. The firm went public for $9 billion - a fraction of the price it was touted for in 2019. Back then, a disastrous failure to launch saw the firmโs founder leave the business and haemorrhaging losses brought under tight control by angel investor SoftBank. The company still hasnโt turned a profit, losing $2.1 billion in its final pre-float numbers in May, having been badly affected by the pandemic and the move to home working for many firms. The companyโs revenue is now expected to fall short of its 2021 projections of $3.2 billion and has to make up $806 million in its Q4 estimates to prevent this.
*(5-๐บ๐ฆ๐ข๐ณ ๐ณ๐ฆ๐ต๐ถ๐ณ๐ฏ๐ด: -6.42%)
โช๏ธ ๐๐ช๐ด๐ช๐ต @etoroinvestment ๐๐๐ ๐๐๐๐๐ฆ ๐ข๐๐๐๐ก๐๐ ๐กโ๐๐ก ๐๐๐ก๐ก๐๐ โช
๐ฃ $VOD (Vodafone Group plc) Telecommunications firm Vodafone reports in interim results on tomorrow at a time when the business is attempting to shift its focus away from purely providing mobile telephone networks. The firm recently announced a major deal with the UKโs top high-speed broadband infrastructure providers, BT OpenReach and CityFibre. The deal will make Vodafone the largest single provider of high-speed broadband in Britain and signals a major shift in strategy for the firm that has coasted for some time. The firmโs share price has been in decline for some time but analysts are now bullish on the stock, with 17 buy ratings, two hold ratings and no sell ratings.
*(5-๐บ๐ฆ๐ข๐ณ ๐ณ๐ฆ๐ต๐ถ๐ณ๐ฏ๐ด: -39.78%)
โ ๏ธPlease note, this is not investment adviceโ ๏ธ
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