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....
​Over the last few quarters, Autodistribution has significantly improved its profitability by capitalizing on synergies related to the ACR acquisition. However, this quarter’s results marked the saturation of the positive momentum as seen by a slightly decreasing EBITDA, and diminishing margins. Nevertheless, we see it as a one-off and expect the company to continue performing solidly in upcoming quarters. Autodistribution, the 2nd largest distributor of aftermarket spare parts for light veh...
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