AstraZeneca share price: is this FTSE 100 growth stock now a top ‘dip buy’?

first_imgP/E today 19 Image source: Getty Images. 7.3 Gains on disposals as % of AZN core operating profit The fall in AstraZeneca’s share price and an increase in its earnings at growth-stock rates (mid/high teens on both my and AZN’s numbers) have made the price-to-earnings (P/E) ratios much more appealing today. Furthermore, they become more attractive still looking forward. Management has guided on earnings growth of between 18% and 24% for 2021.Risk and rewardOf course, there’s a risk the company’s impressive line-up of new medicines may not deliver the level of growth management, analysts and the market are currently expecting. In which case, the AstraZeneca share price could de-rate further.In addition, there’s a risk that wasn’t present when I covered the stock last year. The company is set to buy US group Alexion Pharmaceuticals in a $39bn deal. Such mega-acquisitions are complex and don’t always create the new shareholder value management anticipates.On balance though, weighing my personal appetite for risk and reward, I am looking at today’s AstraZeneca share price as a top FTSE 100 ‘dip buy’ opportunity. 2016 0.4 42 I’m further encouraged to see another reduction (down to 14%) in the contribution of gains on disposals in 2020. I think AZN’s core numbers are beginning to better reflect the underlying performance of the ongoing business.AstraZeneca share price and valuationHow has the change in AstraZeneca’s share price and publication of its latest annual results affected the valuation of the stock since I last wrote about it? 2017 Statutory 6.3 19 6.7 Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. 3.4 Simply click below to discover how you can take advantage of this. 2.3 1.3 4.8 1.8 1.9 Get the full details on this £5 stock now – while your report is free. 0.0 5.2 0 2.1 Adjustments (before gains on disposals) (£bn) 3.7 2018 AZN core Enter Your Email Address 5.9 FREE REPORT: Why this £5 stock could be set to surge 1.7 32 Statutory operating profit ($bn) G A Chester has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 1.5 1.1 2020center_img 4.1 AZN core operating profit (£bn) P/E May 2020 40 My core operating profit (£bn) G A Chester | Monday, 22nd February, 2021 | More on: AZN 5.7 6.4 2014 14 4.9 14 6.8 22 33 6.9 107 My core 6.9 2015 2.9 The AstraZeneca (LSE: AZN) share price has smashed the FTSE 100 over one, three, five and 10 years. However, this blue-chip growth stock has underperformed more recently. On a six-month view, it’s down 14%, compared with a 10% rise in the index.Is AstraZeneca a top ‘dip buy’ for me today, and should I jump at the chance to invest at the current share price?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Key changesI’ve been wary of AstraZeneca’s valuation in recent years. Indeed, when I last covered the stock (May last year), I rated it a ‘sell’. At a share price of 9,004p, I calculated its valuation as somewhere between far too rich and grossly overvalued.However, for me, two key things have changed. First, the AstraZeneca share price is now 20% lower at 7,226p. And second, the company has recently issued its latest annual report. This has enabled me to reassess a feature of AZN’s earnings that I previously felt had been flattering its performance.AstraZeneca’s shares priced on ‘core’ numbersAstraZeneca gives investors an idea of the underlying financial performance of the business using what it calls ‘core’ numbers. I’m okay with most of the adjustments the company makes to its statutory results to arrive at its core numbers. However, I take issue with one.AZN books one-off gains from disposing of non-core drugs as core operating profit. In my view, this doesn’t accurately reflect the underlying performance of the ongoing business. It flatters it.By 2018, such disposals accounted for £1.9bn (a full third) of AZN’s £5.7bn core operating profit. I was encouraged to see this moderate to around a fifth in 2019. And following the recent 2020 results, the table below brings the position up to date. 1.0 AstraZeneca share price: is this FTSE 100 growth stock now a top ‘dip buy’? Our 6 ‘Best Buys Now’ Shares 0.5 Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 1.0 26 5.3 1.2 6.9 Gains on disposals (£bn) 31 5.2 2019 3.8 5.4 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by G A Chesterlast_img read more

How the Draymond shindig bridged No. 23’s East Lansing, Bay Area legacies

first_imgClick here if you are unable to view this gallery on a mobile device.EAST LANSING, Mich. — The entryway to Breslin Center had been transformed into a Draymond Green monument.A massive Michigan State Spartans logo was emblazoned with his No. 23. Pillars holding up the ceiling were adorned by LED displays projecting pictures of his college years. A wide banner in the “Tom Izzo Basketball Hall of History” suggested the reason for all of the hullabaloo: “23. Draymond Green.”On display was the …last_img read more

South Africa spends more on education

first_img22 February 2012 South Africa’s spending on education continues to grow, with Finance Minister Pravin Gordhan allocating R207-billion to the sector for 2012/13, with projections that this may rise to up to R236-billion over the next three years. Delivering his Budget speech in Parliament in Cape Town on Wednesday, Gordhan said provincial education spending was expected to grow by 5.9% over the next three years, from R169.9-billion this year to R183.8-billion in 2015.Learner subsidies for no-fee schools The government will further spend over R18-billion of the money towards boosting learner subsidies for no-fee schools and expanded access to Grade R. South Africa’s education authorities say learner performance in literacy and numeracy remains a challenge, as shown by the national assessment of grade 3 and 6 learners conducted last year. The assessments identified problem areas in each school and allowed for tailored interventions to be made, with R235-million set aside in the Budget for this purpose.R850-million for university infrastructure About R850-million has been set aside towards improving the country’s university infrastructure, including student accommodation facilities. The National Student Financial Aid Scheme, which has helped poor students at tertiary institutions with loans, will receive more than R17-billion over the next three years. A Green Paper on Higher Education, released earlier this year, includes commitments by the government to build two new universities in Mpumalanga and the Northern Cape to address the challenge of space at the country’s tertiary institutions. While he made no mention of the project in his speech today, Gordhan did tell reporters earlier that work was currently at an advanced stage, pointing out that R300-million was provided in the fiscus for planning and design of the universities. Further financial commitments will be made as the projects get off the ground.Early childhood development programmes A further R1.4-billion will be spent over the next three years to support early childhood development programmes and the implementation of the community-based childcare and protection programme across the country. This will increase access to early childhood development from the current 500 000 to 580 000 children, with a focus on rural areas, with expectations that more than 10 000 young people will be employed as a result of the programme. Source: BuaNewslast_img read more

Phenomenal geocaching community stories from 2017

first_img SharePrint Related3 countries + 2 geocachers + 1 geocoin = an incredible twist of fateMarch 30, 2017In “Community”Geocaching Vacation Destinations – Geocaching.com Weekly NewsletterOctober 4, 2012In “Groundspeak’s Weekly Newsletter”4 Legendary Trackables Every Geocacher Should FindFebruary 10, 2015In “Community” We look forward to what the next year brings to the geocaching community. Do you have a good story to tell? Tell us about it on Facebook or Twitter! Phenomenal geocaching communityA golden ammo box full of juicy geocaching secrets travels around France! A beloved German geocaching rock band retires after 10 years! A wheelchair-bound geocacher simultaneously nabs his first T5 and his 1,000th cache!Geocachers have always done great things and this past year was no exception. Here are some of the most phenomenal geocaching community stories from 2017. 3 countries + 2 geocachers + 1 geocoin = an incredible twist of fate3 countries + 2 geocachers + 1 geocoin = an incredible twist of fateTwo geocachers, one from Germany and one from Canada, meet at an event in Florida in the United States. The German cacher finds a treasured geocoin that the Canadian lost a year earlier on a muddy and flooded trail. At the end, one of them sums up the experience, “Clothing is wet, but spirits are high. Mission accomplished.”15 geocaches. 15 countries. 22 hours and 25 minutes. Geotrip ’17.15 geocaches. 15 countries. 22 hours and 25 minutes. Geotrip ’17.On a single day in April, a group of Finnish geocachers found geocaches in 15 different countries: Netherlands, Belgium, Luxembourg, Germany, France, Switzerland, Liechtenstein, Austria, Italy, Slovenia, Croatia, Hungary, Slovakia, Czechia, and Poland. In 2011, a group of Dutch geocachers did this route in just under 24 hours. This new group beat them by an hour and a half! It should be noted that the Geotrip’17 team drove according to speed limits and took their time to find each cache and log them. In order to achieve this, they preselected low difficulty caches with a few backups just in case.How do you say, “Golden Ammo Box” in French?How do you say, “Golden Ammo Box” in French?Boîte à munitions dorée. Although not the first to implement the concept of the “golden ammo box,” this French Mega-Event hosting duo pays it forward. The box travels from Mega-Event host to host, and contains coveted tips and tricks on hosting a successful Mega-Event.  Congratulations PodCacher on 600 episodes!Congratulations PodCacher on 600 episodes!Sonny and Sandy have been geocaching together since 2004 and hosting PodCacher since 2005. We learn more about where they grew up, how they met, what it’s like to do a podcast for over 13 years, and some of their favorite geocaches.Mission 9 is alive!Mission 9 is alive!On August 17, 2017, Moun10Bike, owner of the long-archived Mission 9: Tunnel of Light APE cache, registered an Owner Maintenance log on the cache page, “The enemy agents thought they had us defeated, but we have persevered. T minus thirty-six hours.” That rescued the northwest APE cache from archival and back into the world.T5 Klettersteig caching in AustriaT5 Klettersteig caching in AustriaGeocaching superwoman and self-proclaimed flip-flop connoisseur Annie Love travels to Austria and nabs her first Klettersteig cache. Klettersteig or via ferrata is a protected climbing route that incorporates cables, iron rungs, pegs, and ladders. Not only did this cache require nerves of steel, it also required carabiners, steel cables, gloves, helmets, and of course, close-toed shoes.The Dosenfischer — The  final curtainThe Dosenfischer — The final curtainThe Dosenfischer was a very popular German geocaching band. That’s right — they wrote and performed songs about geocaching. This past summer, after 10 successful years, they hung up the bass, drums, and guitar and played their last gig. If there’s one country that is absolutely INSANE for geocaching, it’s Germany.Canadian geocachers rescue stranded camper in remote woodsCanadian geocachers rescue stranded camper in remote woodsTwo geocachers in Ontario woke early one morning to grab an FTF, locate a previous DNF, complete a cemetery Multi-Cache, and log some trackables. But through a series of events that changed their course that day, they discovered a camper who had fallen two days before in a remote location and helped save his life.Max enters the treeMax enters the treeMax is a young man living from the Netherlands who is bound to a wheelchair. An avid geocacher, he had always dreamed of logging an elusive T5 cache. To make his 1,000th find memorable, his local geocaching community got together to get him into a tree to log a very special cache.Are you crazy?!? No, I’m Radu! Geo-cycling through 16 countries in 5 monthsAre you crazy?!? No, I’m Radu! Geo-cycling through 16 countries in 5 monthsRomanian-born geocacher Radu Clapa (Radu C) did the exceptional this past summer: geocaching on a bicycle through 16 countries. Although he focused on T5, Virtual, and Webcam caches, and managed to find an additional 1,400 Traditional caches. His 7,800 km (4900 mi) adventure started in Denmark on July 5th and ended on November 15th in Romania. center_img Share with your Friends:Morelast_img read more

In Sales? How You Can Distinguish Bad Products from Good

first_imgBrad is the editor overseeing contributed content at ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him at brad at readwrite.com. Tags:#product quality#Products#sales#sales pitch#sales proposition Related Posts Brad AndersonEditor In Chief at ReadWrite AI is Not the Holy Grail of Sales, at Least Not… Presentation Management: Key Component to the E… A career in sales is supposed to be lucrative and fulfilling, not frustrating. Good salespeople consistently close deals and increase their earnings, developing wide networks of happy customers along the way.Why, then, do so many salespeople struggle to live out the professional success of their dreams? Drive, training, persistence, and empathy all impact sales success, but one factor stands out above the rest: quality products.Don’t believe the hype that a good salesperson can sell anything. Customers today are more cautious about what, where, and how they buy. According to The ROBO Economy, a sales report from Bazaarvoice, 82 percent of smartphone users look up products online before they make in-store purchases. If they see a lot of negative reviews, they’ll drop the product and move on — regardless of how charming a salesperson might be.For anyone trying to make a living in sales, this new digital reality means product quality is more important than ever. Buyers are wary of bad deals, and today, they have all the resources they need to sniff them out. Salespeople looking for dependable, scalable incomes have to be cautious about which companies and products they choose to support.Use this process to determine whether a product is worth selling:1. Act like a buyer.Would you choose this brand over others? It’s easy to talk yourself into preferring your supplier’s product, but it’s another thing to convince a person who has better options elsewhere.Look at general review sites to see how comparable products stack up. If the product is more niche, check out industry-specific review sites to see how the public perceives the available options.“When you believe in the products and love them yourself, that comes across in a way that is much more authentic than if you didn’t have any connection,” says Mari Coyle, director of wine of ONEHOPE Wine. “Our wine is fantastic, made by a team of highly accredited winemakers based in Napa. In addition to that, every bottle supports a charitable cause, so the salesperson’s authentic story becomes part of the company story.” Coyle says people can sense whether a salesperson genuinely likes what she’s selling.2. Practice pitching to a tough crowd.Practicing in the mirror might help you maintain eye contact, but when it comes to overcoming objections, it’s better to work with a partner.Ask people in your network or social circle to help you test a prospective pitch. Encourage them not to hold back. You’re not trying to “win” this deal — you’re trying to determine if the product is worth advocating for.After a few rounds of practice, review your notes and think about how the conversations went. Did you feel like you were forced into an indefensible position based on a flaw in the product? Don’t get bogged down by personal preferences — some of the people you pitch won’t have any interest in the product, regardless of the brand behind it.3. Look at the current sales team.The best way to see if a product is worth selling is to look at the people already selling it. Are they successful and happy? Have they been selling the product for several years or just a few months? Does the brand have a small number of successful sellers, a large team of middling sellers, or another mix?Strong products attract strong salespeople. No one wants to waste time and energy generating demand for a product that has none. If the product is good, the team should be excited to sell it and visibly engaged with the target audience.Check out company reviews on Glassdoor to see what the salespeople say. When salespeople talk about high earning potential and empowerment, that’s a plus. When they talk about frustrations and silence from leadership, they could just be bad apples — or they could be on to something.4. Evaluate the competition.If consumers want to buy something, odds are good that more than one company fulfills that need. Look at competing products and brands in the space to determine which ones are most popular. Does your prospective product own most of the market? If not, does it have a loyal fanbase or a differentiating factor?Your product doesn’t have to be the biggest name in the market to be successful. The size of the market determines the sales potential. A product that only owns 5 percent of a $10 billion market, for instance, offers far more potential than a product that owns 90 percent of a $10 million market.Just as there are a few unscrupulous salespeople in the world, there are some companies that make bad products and swindle honest sellers into hawking junk. Don’t get tricked into selling a bad product for peanuts when you could be living the high life. Before you accept a new sales opportunity, consider whether the quality of the product deserves your loyalty. Connected Digital Assistants will Change the Wa… Skyrocket Your Instagram Marketing with Busines…last_img read more

New Zealand beat India 3-2 at Four Nations Invitational hockey meet

first_imgIndia went down to New Zealand 2-3 in a hard fought encounter at the Four Nations Invitational hockey tournament in Melbourne on Saturday.For New Zealand, Nick Ross (47th minute), Jacob Smith (48th minute) and Hugo Inglis (57th minute) were the goal scorers while for India, Rupinder Pal Singh found the net in the 18th minute and 57th minute respectively.India will next play Malaysia for the third place on Sunday.Both teams started off on a positive note but it was India who dominated the first quarter by creating multiple circle penetrations. (Four Nations Hockey: India beat Malaysia 4-2 to register first win)Soon, New Zealand changed their strategy and started counter attacking and as a result Nick Ross came closest to the net by a reverse hit from the top of the box to the bottom corner.Akash Chikte was alert to the danger though, smartly saving to ensure the scores stayed level.India’s first opportunity came through a penalty corner (PC) but it was saved by the black sticks Captain Shea McAleese.India picked up the pace in the second quarter and started pressing high up the pitch every time they lost the ball.It paid dividends in the 18th minute, as Akashdeep Singh robbed New Zealand of the ball near the circle and drove in, only for the attack to be smothered by George Enersen.Off the rebound, Akashdeep struck a first time shot on goal, but the ball caught the foot of Kane Russell resulting in a stroke for India.advertisementRupinder Pal Singh made no mistake from the spot, dispatching the ball into the bottom left to give India the lead.India kept up the momentum after taking the lead. The goal meant New Zealand now had to come out of their shell and create the attacks and open up the game.The shift increased the influence of Sardar Singh in India’s midfield as he was afforded a lot of space to steer India’s game. The teams went into half time with India leading 1-0. (World Cup should be India’s next target, say hockey legends after Asian Champions Trophy triumph)In the third quarter, the teams went at each other with furious attacking intent, and again it was Chikte’s agility that prevented New Zealand from scoring an equaliser.A long cross field ball found Matt Rees-Gibbs at the far post and simple contact would’ve seen it sound the board.Chikte though dived at full stretch to block away the attempt and kept India in the lead. Nikkin Thimmaiah had an attempt from the top of the box, after a superb bit of improvisation, but saw his effort sail high. India led 1-0 going into the final break.In an action packed final quarter, New Zealand hit back with two quick goals, first via Nick Ross in the 47th minute, before Jacob Smith gave them the lead in the next minute.India now started creating attacking opportunities but New Zealand got a third via Hugo Inglis in the 57th minute.Rupinder Pal Singh pulled one back with a PC conversion but that was not enough to save the game.In the final minutes, India created several opportunities to draw level, but New Zealand held on for a 3-2 win.last_img read more