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....
Two Directors at Scripps Networks Interactive Inc sold after exercising options/sold 131,001 shares at between 89.710USD and 89.992USD. The significance rating of the trade was 92/100. 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...
SCRIPPS NETWORKS INTACT. (US), a company active in the Broadcasting & Entertainment industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date December 1, 20...
Scripps reported an in-line third quarter as the company is focused on the merger with Discovery. Revenue growth of 3% was driven by strong distribution growth. We are maintaining our narrow economic moat rating but are lowering our fair value estimate to $87 from $91 based on the deal with Discovery and our lower fair value estimate of $31 for DISCK shares. We continue to expect the deal to close in the near future. If the merger were to be terminated, our stand-alone fair value estimate for S...
Discovery announced on July 31 that it had reached an agreement to purchase Scripps Networks in a $14.6 billion deal, or $90 per share, with $63 in cash and $27 in Discovery class C shares (DISCK). The deal price represents a 34% premium to the unaffected price of Scripps and a 14% premium to our $79 fair value estimate for the firm. The deal is expected to be accretive in the first year and to generate $350 million in cost synergies by 2019. Both firms also accelerated the release of their resp...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of Scripps Networks Interactive, Inc. (NASDAQ: SNI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Discovery Communications, Inc. (NASDAQ: DISCA, DISCB, DISCK). Under the terms of the deal, Scripps shareholders will receive $90 per share, consisting of $63 in cash and $27 in Class C Common shares of Discovery stock per Scripps share. The investigation con...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Scripps Networks Interactive, Inc. (“Scripps” or the "Company") (NASDAQ: SNI) stock prior to July 31, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Scripps to Discovery Communications, Inc. (NASDAQ: DISCA, DISCB, DISCK) for $90 per share, comprised of $63.00 per share in cash and $27.00 per share in Cla...
Discovery announced on July 31 that it had reached to an agreement to purchase Scripps Networks in a $14.6 billion deal, or $90 per share, with $63 in cash and $27 in Discovery class C shares (DISCK). The deal price represents a 34% premium to the unaffected price of Scripps and a 14% premium to our $79 fair value estimate for the firm. The deal is expected to be accretive in the first year and to generate $350 million in cost synergies by 2019. Both firms also accelerated the release of their r...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Scripps Networks Interactive, Inc. (NASDAQ GS: SNI)? Did you purchase any of your shares prior to July 31, 2017? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Scripps Networks Interactive, Inc. (“Scripps” or the “Company”) (NA...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Scripps Networks Interactive, Inc. (“Scripps” or the "Company") (NASDAQ: SNI) stock prior to July 31, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Scripps to Discovery Communications, Inc. (NASDAQ: DISCA, DISCB, DISCK) for $90 per share, comprised of $63.00 per share in cash and $27.00 per share in Cla...
Discovery and Scripps have recently renewed discussions about a potential merger, according to a report in the Wall Street Journal, released during the evening of July 18. The report did not include any details concerning any potential price for or structure of the rumored merger. The two firms entered into merger discussions back in 2014, but did not reach an agreement, owing to the Scripps family, which controls over 90% of the voting shares. Separately, Reuters reported that Viacom had also h...
The over-the-top evolution continues to move forward, as comScore recently divulged that the first three OTT pay-television providers (Sling TV, PlayStation Vue, and DirecTV Now) together reached over 3.1 million subscribers by the end of April. We note that the industry reached the 3-million-subscriber milestone without any impact from YouTube TV or Hulu with Live TV, both of which have tremendous infrastructure and experience in streaming video content. We expect that the high-profile entrance...
Scripps reported a strong start to 2017 as first-quarter revenue was in line with our expectations, but EBITDA beat our projections. Revenue growth of 5% was below the previous 2017 guidance of 6%, but management reiterated guidance with increased programming expense expected over the next two quarters. We are maintaining our narrow economic moat rating and our fair value estimate of $79. With the stock still trading in 3-star territory, we would wait for a pullback before investing. Total oper...
Hulu unveiled its long-anticipated live-streaming service, Hulu with Live TV, on Wednesday. The beta service features over 50 channels for $39.99 per month and includes the traditional Hulu SVOD library with additional charges for cloud DVR, ad-skipping for the Hulu content, and Showtime. While the live content includes channels from multiple media firms including Disney, Fox, Time Warner, Comcast, CBS, and Scripps, Hulu decided to not pay for channels from AMC, Discovery, and Viacom. Combined w...
Scripps posted a mixed end to 2016, as fourth-quarter revenue was above our expectations but the bottom line missed our projections. Management issued strong 2017 guidance, with revenue growth of 6% and adjusted segment profit growth of 3% as the firm will continue to invest in new content and its international expansion. We are maintaining our narrow economic moat rating and expect to raise our fair value estimate to $79 from $72 to account for rolling our model forward and improved internation...
KNOXVILLE, Tenn.--(BUSINESS WIRE)-- A new study reveals that advertisements seen in lifestyle television programming have potential to score significantly higher in generating viewer engagement than identical commercials appearing in television shows of other genres, such as reality, general entertainment, sports or news. The Environment and Advertiser Impact Study, commissioned by Scripps Networks Interactive and conducted by Nielsen, employed both attitudinal and consumer neuroscience methodologies to better understand how ...
Scripps posted a mixed end to 2016, as fourth-quarter revenue was above our expectations but the bottom line missed our projections. Management issued strong 2017 guidance, with revenue growth of 6% and adjusted segment profit growth of 3% as the firm will continue to invest in new content and its international expansion. We are maintaining our narrow economic moat rating and expect to raise our fair value estimate to $79 from $72 to account for rolling our model forward and improved internation...
KNOXVILLE, Tenn.--(BUSINESS WIRE)-- Scripps Networks Interactive, the leader in lifestyle media, surveyed 700 U.S. homeowners of all ages, finding that safety and comfort are the primary reasons consumers invest in smart home technology. The study was conducted through the company’s Under One Roof consumer panel, in partnership with the Consumer Technology Association; the National Kitchen and Bath Association; the National Association of Home Builders; CEDIA; and Shelly Palmer Strategic Advisors. The research findings w...
NEW YORK--(BUSINESS WIRE)-- Just in time for the holidays, Food Network’s new bot for Facebook Messenger serves up fresh recipes through fun, friendly one-on-one conversations. Messenger’s monthly one billion users can immediately chat with the bot in real-world situations: finding the right recipe fast at the grocery store, getting relevant menu suggestions while waiting in line, or browsing recipes from Food Network shows and chefs while on the train. This Smart News Release features multimedia. View the full release here: http://ww...
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