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....
​ZF Friedrichshafen (‘ZF’), a German car parts manufacturer whose 94% is owned by the city of Friedrichshafen, changed size universes last year with the acquisition of the American player TRW that closed on May 15, 2015. Given the shareholder’s inability to provide financial support, the transaction was fully debt financed, immersing the company in the high yield universe from its comfortable investment grade position.
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