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...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

1 director bought

A director at Think Childcare Limited bought 200,000 shares at 1.473AUD and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

ODDO : La reprise ne s’annonce que très progressive, favoriser les producteurs inox

Nous jugeons les perspectives 2025 peu attractives en Europe avec la poursuite de la chute dans l’auto et l’absence de reprise de la construction. Le renforcement des barrières douanières et une économie US bien drivée sont des éléments positifs pour plusieurs acteurs. Nous privilégions l’inox (Acerinox, Aperam) à l’acier carbone et relevons notre opinion sur Voestalpine à Surperformance (expo auto gérable, autres débouchés bien orientés, positionnement haut de gamme) mais abaissons à Neutre Outokumpu (trop forte expo à l’acier traditionnel et à l’Europe).

ODDO : Recovery set to be very gradual, favour the stainless steelmakers

The outlook in Europe for 2025 is unattractive, in our view, with the continued adjustment in the automotive sector and a lack of upturn before H2 in construction. The expected higher tariffs and favourable trends in the US economy are, however, positive elements for some of the steelmakers. We continue to favour stainless (Acerinox, Aperam) over carbon steel. We are upgrading our rating on Voestalpine to Outperform (manageable exposure to the auto sector, other well-oriented end-markets, high-end positioning) but are downgrading our rating on Outokumpu to Neutral (outsized exposure to traditi...

ODDO : End of talks, no merger finally. A good thing, in our view