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....
TIM PARTICIPAÇÕES S.A.: Filing of annual report on Form 20-F for the year ended in December 31, 2020 RIO DE JANEIRO, Brazil, April 30, 2021 (GLOBE NEWSWIRE) -- TIM S.A. (“Company”) (B3: TIMS3; NYSE: TIMB) hereby informs its shareholders and the market in general that it has filed its 2020 annual report (“Form 20-F”) for the calendar year ended December 31, 2020 with the U.S. Securities and Exchange Commission ("SEC"). The Form 20-F is available for download on the Company's Investor Relations website, /ir, and, in addition, shareholders may receive a hard copy of the Form 20-F and the co...
TIM PARTICIPAÇÕES S.A.: Filing of annual report on Form 20-F for the year ended in December 31, 2019 RIO DE JANEIRO, Brazil, April 30, 2020 (GLOBE NEWSWIRE) -- TIM Participações S.A. (“Company”) (B3:TIMP3) (NYSE:TSU) hereby informs its shareholders and the market in general that it has filed its 2019 annual report (“Form 20-F”) for the calendar year ended December 31, 2019 with the U.S. Securities and Exchange Commission ("SEC"). The Form 20-F is available for download on the Company's Investor Relations website, /ir, and, in addition, shareholders may receive a hard copy of the Form 20-...
TIM, a 67%-owned subsidiary of Telecom Italia, is one of the largest wireless carriers in Brazil, claiming about 25% market share based on customers served. Despite its size, we believe the firm is at a disadvantage to Telefonica’s Vivo, America Movil, and, to a lesser extent, Oi. These three rivals own extensive fixed-line networks, allowing them to cross-sell wireless and fixed-line services, especially broadband Internet. TIM is building a fixed-line presence, but this effort remains small,...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Tim Brasil reported weak first-quarter revenue, but we don’t expect to make any significant changes to our $16 per ADR fair value estimate beyond adjusting for the decline of the Brazilian real versus the dollar. We continue to think the company has no economic moat and the shares are fairly valued. The firm reported revenue only grew 1.7% year over year versus our full-year projection of 4.5%. Brazil’s economy continues to struggle, and competition has increased. While Tim grew its postpai...
Tim Brasil reported weak first-quarter revenue, but we don’t expect to make any significant changes to our $16 per ADR fair value estimate beyond adjusting for the decline of the Brazilian real versus the dollar. We continue to think the company has no economic moat and the shares are fairly valued. The firm reported revenue only grew 1.7% year over year versus our full-year projection of 4.5%. Brazil’s economy continues to struggle, and competition has increased. While Tim grew its postpai...
TIM PARTICIPAÇÕES S.A.: Filing of annual report on Form 20-F for the year ended in December 31, 2018 RIO DE JANEIRO, Brazil, April 11, 2019 (GLOBE NEWSWIRE) -- TIM Participações S.A. (“Company”) (B3:TIMP3) (NYSE:TSU) hereby informs its shareholders and the market in general that it has filed its 2018 annual report (“Form 20-F”) for the calendar year ended December 31, 2018 with the U.S. Securities and Exchange Commission ("SEC"). The Form 20-F is available for download on the Company's Investor Relations website, , and, in addition, shareholders may receive a hard copy of the Form 20-F a...
TIM Brasil is one of the largest wireless carriers in Brazil, after Vivo but almost neck and neck with Claro on number of customers, and is the biggest prepaid carrier in the country. Despite its size, we believe the firm is at a disadvantage to the other two because of its inability to fully participate in the convergence trend. Vivo and Claro are cross-selling wireless services and fixed-line products, especially broadband Internet, but TIM has limited fixed-line assets to support a competitiv...
TIM Brasil is one of the largest wireless carriers in Brazil, after Vivo but almost neck and neck with Claro on number of customers, and is the biggest prepaid carrier in the country. Despite its size, we believe the firm is at a disadvantage to the other two because of its inability to fully participate in the convergence trend. Vivo and Claro are cross-selling wireless services and fixed-line products, especially broadband Internet, but TIM has limited fixed-line assets to support a competitiv...
TIM Brasil reported 2018 results with better EBITDA margins than we expected. This was a faster improvement than we had projected, but we don’t anticipate much more expansion long term than what we already modeled. Thus, while we expect to increase our EBITDA margins somewhat, we only expect a small increase to our $15.50 per ADR fair value estimate, which will be due as much to the recent strengthening of the Brazilian real versus the U.S. dollar as higher margin expansion. We continue to bel...
TIM Brasil reported 2018 results with better EBITDA margins than we expected. This was a faster improvement than we had projected, but we don’t anticipate much more expansion long term than what we already modeled. Thus, while we expect to increase our EBITDA margins somewhat, we only expect a small increase to our $15.50 per ADR fair value estimate, which will be due as much to the recent strengthening of the Brazilian real versus the U.S. dollar as higher margin expansion. We continue to bel...
TIM Brasil reported 2018 results with better EBITDA margins than we expected. This was a faster improvement than we had projected, but we don’t anticipate much more expansion long term than what we already modeled. Thus, while we expect to increase our EBITDA margins somewhat, we only expect a small increase to our $15.50 per ADR fair value estimate, which will be due as much to the recent strengthening of the Brazilian real versus the U.S. dollar as higher margin expansion. We continue to bel...
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