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

Dropping Coverage

+20% Rally Since May 28 Entry, Revised Valuation Shows Further Upside

Recovering from the pandemic is at the forefront of KAR Auction Services, Inc.’s (KAR) most recent earnings, in which the company generated 91% of Y-o-Y revenues despite the nationwide lockdowns. The conclusion of $550m in private equity investments and a deep management pay cut have helped shore up the company’s cash position, positioning KAR to come out the other side of the pandemic stronger than ever. We continue to see upside even after the recent 20% rally. Earnings Update... On August 4, 2020, KAR Auction Services, Inc. (KAR) announced its Q2FY20 earnings results. The company’s r...

Significant Upside Ahead for Major Games Publisher

Our findings on how major US video game makers and publishers can narrow their valuation gaps to Chinese media juggernaut Tencent pointed us to an MP entry into Electronic Arts, Inc. (EA). Its Q1FY21 earnings release was the company’s largest first quarterly report to date, and is only the beginning for EA’s upward trajectory into a new console generation. E-sports also remain at the forefront of our growth expectations as the new-age competitions gain traction. Earnings Update… On July 30, 2020, Electronic Arts, Inc. (EA) announced its Q1FY21 results. The company’s revenue was $1.4bn...

Industrials Stocks Exit the MP with 37% and 54% Returns

Following their respective earnings releases, two industrials Spinoffs will exit the Model Portfolio after providing strong returns (though for both we do see further upside for longer-term investors). In its first earnings since the unique European Spin-Merger, Metso Outotec Corp. (MOCORP FH) has given a +37% return in less than two months, while Ingersoll Rand, Inc. (IR) beats estimates with signs of a recovery, and as returned an adjusted +54% since its entry in early March 2020. Earnings Update... MOCORP FH: With the COVID-19 induced lockdowns and widespread restrictions in travel and wor...