Ruchi Soya is looking to raise up to US$560m via a follow-on public offer. The deal is almost akin to a relisting, as the free float was just at 1% prior to this deal. Given the tight float pre-deal, instead of discussing its track record and how its shares have traded, we will discuss the timeline of events leading up to the deal, past performance and undertake a peer comparison/valuation.
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....
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