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The last public rebuke issued by the panel was in November 2007, when Australian hedge fund manager Monterrey Investment Management was censured for failing to disclose share trades on time.
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She made sure transatlantic trade talks started on time despite a half-hearted French attempt to block them over the spying scandal.
iPass trades for one times sales on an enterprise basis.
ABF trades on 33 times 2016 PE which implies around 40 times for Primark and 20 times EBITDA implied in our sum of the parts.
On this basis Serco trades on 18 times 2015 PE, falling to 15 times 2016 PE, the latter in-line with its average over the last 5 years.
Royal Mail trades on...a12.3 times PE versus peers on...and 7-16 times.
However, we see only limited scope for upgrades to our forecasts in the near term, and Merlin trades on 20.9 times 2016 estimated PE versus our European leisure coverage on 19.4 times.
Credit Suisse said: Centrica trades on 12.7 times 2014 PE, which we think is expensive versus gas and oil stocks on around 10.3 times, and also versus the two UK regulated energy utilities (SSE and National Grid) on around 12.4 times and 13.5 times respectively.
Imagination trades on 3.3 times enterprise value/sales.
A pet-food company trades on 221 times earnings, a sauna-maker on 285 and a manufacturer of fans on 732.
European metal and mining companies trade at about 5.2 times forward Ebitda, but De Beers surely merits a big premium, because it has as much in common with a steel maker as it does with a company like the jewelry retailer Tiffany's, which trades on 11.9 times forward Ebitda.
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