Last week Enel reported another strong set of results, this time for the first nine months of 2024. EBITDA of €17.5bn was up 6.5% year-on-year, at the average EBITDA growth rate expected by the company in for 2024-26. Renewables mostly drove the EBITDA expansion. Alongside lower indebtedness, capital expenditure was also reduced, as already announced by the Italian utility. Most credit metrics have improved and we think that soon Enel should qualify for a credit rating upgrade at Standard & Poo...
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....
A director at Centrum Medyczne Enel-Med S.A. sold 400,000 shares at 17.100PLN and the significance rating of the trade was 100/100. 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 ...
Headlines Large-cap companies news … 2 JSW: 2Q20 results preview PKN Orlen: Management outlook Pekao: Distribution of COSME guarantees mBank: Charges for the FX mortgage portfolio litigation to be booked in 2Q20 mBank: Commissioner for human rights joins FX mortgage borrowers in a landmark case Banks: Interest rate cuts to result in switch to riskier investments? Banks: Pressure on the bottom line to intansify Small- and mid-cap companies news … 6 Bogdanka: 2Q20 results preview Mercor...
Headlines Conferences calendar … 2 Large-cap companies news … 3 PGNiG: Capex in 2020 at a similar level as in 2019 Orange PL: 2Q20 results to be lifted by release of provisioning on jubilee bonuses following deal with unions mBank: Management obtains shares in the incentive program PZU: Role of banks in the group Handlowy: AGM voted resolutions Funds flow: Industry insiders on funds flows in May Banks: ZBP on problems in the sector Banks: Challenges for the sector Debt collection: Dem...
Headlines Large-cap companies news Tauron: 4Q19 results’ forecast PGNiG: Analysis of possible scenarios concerning Arbitrage against Gazprom Dino: PLN 0.1 million UOKiK penalty Pekao: CEO confirms targets PKO BP: Supervisory board resigns PZU: inPZU AuM Banks: Countersuits to have limited success? Small- and mid-cap companies news Agora: 4Q19 results’ forecast – moderate growth from high base? Enel-Med: 4Q19 financials’ forecast Bloober team: New product in Observer franchise – first...
Polish Equities Monthly: December 2019 2020 equity strategy At a critical junction The US equity market is, in our view, at a crossroads at the moment. Whereas some of the economic leading indicators (UST curve, industrial production, ISM manufacturing PMI, US corporate profit margins), historically doing decent job in signaling stock market peaks, explicitly imply risk of looming change in the cyclical trend in US equities, the other key ones (ISM non-manufacturing PMI, trend in initial jobl...
Headlines Large-cap companies news Cyfrowy Polsat: Additional debt financing Cyfrowy Polsat: Withdrawal from the agreement regarding the implementation of the IT system by Huawei PKN Orlen: Fluor chosen as main contractor for olefin project PGNiG: Exploration activities in Ras al-Chajma PGNiG: Mr. J. Kwieciński to be chosen as new CEO? Tauron: Production on three new longwalls launched mBank: Simultaneous search for investor Pekao: Fixed rate mortgage in the offering next year Banks: ...
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