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....
Onsite Rental, a provider of B2B equipment rental services, plans to raise around US$175m in its Australian IPO. In my earlier note, Onsite Rental IPO - Still on the Acquisition Led Growth Path, Despite the Recapitalisation, I had covered the company’s background and past performance. I had also spoken about the recapitalisation that was undertaken in 2017 and how despite that the company still seems to be on an acquisition-led growth path. In this note, I’ll run the deal through our ECM ...
Onsite Rental, a provider of B2B equipment rental services, plans to raise around US$250m in its Australian IPO, as per media reports. While the company has released its pathfinder and the date by which it plans to list, 18th Nov 2019, it hasn’t revealed any pricing details. The company’s pro forma numbers point to steady growth and consistent margin improvements. While the industry outlook, though not very rosy, appears to be steady, at least for the next few years. Onsite seems to have ...
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