Eight Directors at Thomson Reuters Corp sold after exercising options/sold 40,899 shares at between 182.000USD and 184.840USD. The significance rating of the trade was 84/100. 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 b...
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....
Emerging Markets Breaking Out We see global equities (ACWI-US) going through a consolidation phase between support at $77 and resistance at $84. To reiterate, as long as ACWI-US is above $77 we are constructive and would be buyers. Our work suggests that $77 support is likely to hold based on current market dynamics, and we would flip to bullish on a breakout above $84. · Emerging Markets Breaking Out. One of the many dynamics that supports our constructive outlook is that emerging mar...
Overweight Global Technology & Industrials The absence of breakdowns in both the US dollar (DXY) and the MSCI EAFE vs. EM ratio along with the positive correlation between the two allows us to continue sticking with EAFE over EM... see charts below. As long as the DXY's uptrend remains intact, we expect EAFE to continue outperforming EM. Below we highlight attractive and actionable themes within developed int'l markets: • Technology and Industrial Manufacturing. Technology and Industrials ...
Narrow-moat Thomson Reuters’ fourth quarter marks the first period since the company shed 55% of its financial and risk business. Though the company’s balance sheet is coming into focus, its income statement remains quite blurry. For the quarter, the company generated $6.18 in earnings per share. However, $6.32 of this came from gains in its discontinued operations while Thomson Reuters’ continuing operations produced a GAAP loss of $0.14 per share. Adjusted EPS was $0.20, which we find re...
Narrow-moat Thomson Reuters’ fourth quarter marks the first period since the company shed 55% of its financial and risk business. Though the company’s balance sheet is coming into focus, its income statement remains quite blurry. For the quarter, the company generated $6.18 in earnings per share. However, $6.32 of this came from gains in its discontinued operations while Thomson Reuters’ continuing operations produced a GAAP loss of $0.14 per share. Adjusted EPS was $0.20, which we find re...
Narrow-moat Thomson Reuters’ fourth quarter marks the first period since the company shed 55% of its financial and risk business. Though the company’s balance sheet is coming into focus, its income statement remains quite blurry. For the quarter, the company generated $6.18 in earnings per share. However, $6.32 of this came from gains in its discontinued operations while Thomson Reuters’ continuing operations produced a GAAP loss of $0.14 per share. Adjusted EPS was $0.20, which we find re...
Narrow-moat Thomson Reuters’ fourth quarter marks the first period since the company shed 55% of its financial and risk business. Though the company’s balance sheet is coming into focus, its income statement remains quite blurry. For the quarter, the company generated $6.18 in earnings per share. However, $6.32 of this came from gains in its discontinued operations while Thomson Reuters’ continuing operations produced a GAAP loss of $0.14 per share. Adjusted EPS was $0.20, which we find re...
Narrow-moat Thomson Reuters’ fourth quarter marks the first period since the company shed 55% of its financial and risk business. Though the company’s balance sheet is coming into focus, its income statement remains quite blurry. For the quarter, the company generated $6.18 in earnings per share. However, $6.32 of this came from gains in its discontinued operations while Thomson Reuters’ continuing operations produced a GAAP loss of $0.14 per share. Adjusted EPS was $0.20, which we find re...
Narrow-moat Thomson Reuters’ fourth quarter marks the first period since the company shed 55% of its financial and risk business. Though the company’s balance sheet is coming into focus, its income statement remains quite blurry. For the quarter, the company generated $6.18 in earnings per share. However, $6.32 of this came from gains in its discontinued operations while Thomson Reuters’ continuing operations produced a GAAP loss of $0.14 per share. Adjusted EPS was $0.20, which we find re...
Once Thomson Reuters sheds 55% of its financial and risk business, or F&R, we believe this will result in a stronger business with a better balance sheet, enabling the firm to focus on its two more attractive businesses in legal databases and accounting software. We suspect that inefficiencies within F&R dominated management’s efforts, and the firm’s easiest avenue for growth was to cut costs and eliminate redundancies from the 200-plus acquisitions it made in the previous decade. In our opi...
Once Thomson Reuters sheds 55% of its financial and risk business, or F&R, we believe this will result in a stronger business with a better balance sheet, enabling the firm to focus on its two more attractive businesses in legal databases and accounting software. We suspect that inefficiencies within F&R dominated management’s efforts, and the firm’s easiest avenue for growth was to cut costs and eliminate redundancies from the 200-plus acquisitions it made in the previous decade. In our opi...
Narrow-moat Thomson Reuters has begun its transformation from primarily being a provider of financial data into a firm focused on tax and legal software and data. As such, investors shouldn't take too much away from the company's third-quarter reported results, where the firm carved out its financial business (selling 55% of its financial & risk business to Blackstone in late August), but should focus more on individual segment performance and ongoing corporate costs. We believe Thomson's di...
Narrow-moat Thomson Reuters has begun its transformation from primarily being a provider of financial data into a firm focused on tax and legal software and data. As such, investors shouldn't take too much away from the company's third-quarter reported results, where the firm carved out its financial business (selling 55% of its financial & risk business to Blackstone in late August), but should focus more on individual segment performance and ongoing corporate costs. We believe Thomson's di...
Summary Marketline's Intuit Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Intuit Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic ...
Narrow-moat Thomson Reuters has begun its transformation from primarily being a provider of financial data into a firm focused on tax and legal software and data. As such, investors shouldn't take too much away from the company's third-quarter reported results, where the firm carved out its financial business (selling 55% of its financial & risk business to Blackstone in late August), but should focus more on individual segment performance and ongoing corporate costs. We believe Thomson's divest...
Narrow-moat Thomson Reuters has begun its transformation from primarily being a provider of financial data into a firm focused on tax and legal software and data. As such, investors shouldn't take too much away from the company's third-quarter reported results, where the firm carved out its financial business (selling 55% of its financial & risk business to Blackstone in late August), but should focus more on individual segment performance and ongoing corporate costs. We believe Thomson's divest...
Narrow-moat Thomson Reuters has begun its transformation from primarily being a provider of financial data into a firm focused on tax and legal software and data. As such, investors shouldn't take too much away from the company's third-quarter reported results, where the firm carved out its financial business (selling 55% of its financial & risk business to Blackstone in late August), but should focus more on individual segment performance and ongoing corporate costs. We believe Thomson's di...
Narrow-moat Thomson Reuters has begun its transformation from primarily being a provider of financial data into a firm focused on tax and legal software and data. As such, investors shouldn't take too much away from the company's third-quarter reported results, where the firm carved out its financial business (selling 55% of its financial & risk business to Blackstone in late August), but should focus more on individual segment performance and ongoing corporate costs. We believe Thomson's di...
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