Monthly LMI Update Independent Investment Research

Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked. This compares to the total dividends of 5 cents per share in FY20. The Board has confirmed that, in...

The Trade Desk (TTD, Neutral, $80 target) Quick thoughts ahead of Wednesday's print

Ahead of Wednesday PM’s earnings report, we review key controversies for TTD, including: 1. TTD’s continuing CTV momentum despite lack of access to major walled gardens 2. GOOGL bringing DV360 to the forefront at NewFronts 3. Our expected ~6-7% impact to revenue from US Elections, light primary impact 4. TTD’s focused approach to AI 5. Attractive long-term margin opportunity 6. Buybacks likely to remain the only form of capital return

CHTR Quick Hit: Charter Buys Back $140MM of Shares in April

Advance/Newhouse filed its latest Charter ownership disclosure earlier today. The buyback amount was slightly higher than consensus expectations. We now expect Charter to repurchase $500MM of shares in 2Q24.

What do HBM manufacturers have to say about AI growth in 2025?