Author: admin

  • Latest World Test Championship Table After West Indies’ Epic Draw Against New Zealand

    Latest World Test Championship Table After West Indies’ Epic Draw Against New Zealand

    Justin Greaves produced one of the great modern Test rearguards as West Indies escaped with a stunning draw against New Zealand, securing their first points of the 2025–27 World Test Championship in Christchurch.

    Set a monumental 531…

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  • Laurent Mekies hails Max Verstappen for being ‘even more extraordinary’ in 2025 after ‘historical comeback’

    Laurent Mekies hails Max Verstappen for being ‘even more extraordinary’ in 2025 after ‘historical comeback’

    Laurent Mekies believes Max Verstappen has shown an “even more extraordinary” side over the course of the 2025 F1 season, underpinned by a “historical comeback” in the Drivers’ Championship.

    Verstappen, winner of the last four world…

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  • Samsung Galaxy S26 series design leaks in OneUI software update

    Samsung Galaxy S26 series design leaks in OneUI software update

    Samsung recently unveiled its first tri-fold foldable smartphone. The company is now gearing up for the launch of its next-generation Galaxy S series smartphones. Samsung is expected to launch the Galaxy S26 smartphone series early next year.

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  • Country diary: Lapwings are birds of my childhood – finally they have returned | Birds

    Country diary: Lapwings are birds of my childhood – finally they have returned | Birds

    There’s a shimmering in the sky and I can’t work it out. Driving, I can only snatch glimpses of flickering light. I pull into a lay-by near home. Now I can make out five or six broad-winged birds, flying in a loose flock. They are black and…

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  • Pakistan seizes 134 tons of drugs, arrests 2,001 suspects in annual crackdown

    Pakistan seizes 134 tons of drugs, arrests 2,001 suspects in annual crackdown

    Interior minister, US Chargé d’Affaires review counter-narcotics, security and immigration cooperation

    Federal Minister for Interior Mohsin Naqvi met with US Chargé d’Affaires Natalie Baker

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  • Epic Greaves double ton earns West Indies draw in first New Zealand Test

    Epic Greaves double ton earns West Indies draw in first New Zealand Test

    An epic 202 not out by Justin Greaves and a stubborn support role by Kemar Roach saw the West Indies salvage a valiant draw in the first Test against New Zealand in Christchurch on Saturday.

    Set a colossal target of 531, 113 more than the current…

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  • An Intrinsic Calculation For Bytes Technology Group plc (LON:BYIT) Suggests It’s 27% Undervalued

    An Intrinsic Calculation For Bytes Technology Group plc (LON:BYIT) Suggests It’s 27% Undervalued

    • Bytes Technology Group’s estimated fair value is UK£4.80 based on 2 Stage Free Cash Flow to Equity

    • Bytes Technology Group is estimated to be 27% undervalued based on current share price of UK£3.49

    • The UK£4.86 analyst price target for BYIT is 1.2% more than our estimate of fair value

    In this article we are going to estimate the intrinsic value of Bytes Technology Group plc (LON:BYIT) by taking the expected future cash flows and discounting them to today’s value. We will use the Discounted Cash Flow (DCF) model on this occasion. Models like these may appear beyond the comprehension of a lay person, but they’re fairly easy to follow.

    Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

    AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10bn in marketcap – there is still time to get in early.

    We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second ‘steady growth’ period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

    Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today’s value:

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2035

    Levered FCF (£, Millions)

    UK£53.2m

    UK£61.7m

    UK£66.9m

    UK£70.1m

    UK£73.2m

    UK£76.1m

    UK£78.8m

    UK£81.5m

    UK£84.2m

    UK£87.0m

    Growth Rate Estimate Source

    Analyst x6

    Analyst x6

    Analyst x5

    Est @ 4.90%

    Est @ 4.33%

    Est @ 3.93%

    Est @ 3.65%

    Est @ 3.45%

    Est @ 3.31%

    Est @ 3.22%

    Present Value (£, Millions) Discounted @ 8.7%

    UK£49.0

    UK£52.2

    UK£52.0

    UK£50.2

    UK£48.1

    UK£46.0

    UK£43.9

    UK£41.7

    UK£39.7

    UK£37.6

    (“Est” = FCF growth rate estimated by Simply Wall St)
    Present Value of 10-year Cash Flow (PVCF) = UK£460m

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  • Space weather in focus after Airbus fleet recall, experts raise questions about solar flare theory

    Space weather in focus after Airbus fleet recall, experts raise questions about solar flare theory

    Aerospace giant Airbus recalling about half of its global fleet over a commercial plane’s sudden altitude drop brings into sharp focus the importance of space weather in flight safety, even as experts raise questions about the company’s analysis…

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  • Europe forges ahead with Big Tech crackdown with X fine, defying Trump – Reuters

    1. Europe forges ahead with Big Tech crackdown with X fine, defying Trump  Reuters
    2. Elon Musk’s X fined €120m over ‘deceptive’ blue ticks  BBC
    3. EU hits Musk’s X with 120m euro fine  Dawn
    4. X gets $140 million EU fine for breaching content rules but TikTok settles  Reuters
    5. Statement from CCDH CEO Imran Ahmed, in response to EU’s $140M fine on X for transparency issues  Center for Countering Digital Hate

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  • President, PM laud security forces for successful operations against terrorists – RADIO PAKISTAN

    1. President, PM laud security forces for successful operations against terrorists  RADIO PAKISTAN
    2. 9 terrorists killed in 2 intelligence-based operations in KP: ISPR  Dawn
    3. Security forces kill nine India-backed terrorists in two KP IBOs: ISPR  Geo…

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