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European Contextual Diary-20260706
瑞银· 2026-07-06 12:05
ab 3 July 2026 Global Research With 21 company events lined up for the coming week, we are towards the end of the reporting and AGM period. We continue to survey our analysts to identify catalysts (based on earnings momentum and/or share price reaction) and also provide crowding scores*. Our analysts have identified two potential positive catalysts for the coming week. Positive Catalyst(s): Repsol (Week of 6-July); Ems-Chemie (10-July) Negative Catalyst(s): None We have also captured all previews published ...
NetLink NBN Trust: Generating returns from the ground-20260706
瑞银· 2026-07-06 11:12
Recurring revenue on fixed rates; lower volume/price volatility NetLink offers investors a combination of defensive earnings, visible cash flow and consistent distribution due to the RAB framework under which it operates. Fixed monthly tariffs for active fibre connections and pre-tax WACC are determined on a five- year cycle. This governs the prices NetLink can charge, enabling the Trust to recover key components: 1) return of invested capital; 2) a regulated ROCE; and 3) operating expenses. This leads to p ...