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....
UNIONE DI BANCHE ITALIAN (IT), a company active in the Money Center Banks industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date September 22, 2020, the c...
A director at Unione Di Banche Italiane sold 22,250 shares at 3.686EUR and the significance rating of the trade was 56/100. 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 by all the company's directors over the last two year...
In item 4, shareholders are called to a binding vote on the 2020-2022 remuneration policy. Overall remuneration amounts are reasonable (the CEO's fixed remuneration is in line with the median of European banks and 108% of large Italian companies, and total variable remuneration is capped at 137% of the base salary). The quality of disclosure is very good: all performance conditions are disclosed and long-term targets are quantified. We regret that the variable remuneration depends more on annual...
The recent political developments in Italy followed by the ECB announcements have offered a bright end-of-summer for Italian assets including banks debt which have performed strongly since the formation of the new coalition between M5S and PD. This is good news for the Italian banking sector in general and UBI is no exception. However, the political situation remains fragile with a coalition made up of parties which had been rivals, and the ECB measures for the banking sector are...
The recent political developments in Italy followed by the ECB announcements have offered a bright end-of-summer for Italian assets including banks debt which have performed strongly since the formation of the new coalition between M5S and PD. This is good news for the Italian banking sector in general and UBI is no exception. However, the political situation remains fragile with a coalition made up of parties which had been rivals, and the ECB measures for the banking sector are...
The EGM held on 19 October 2018 approved the transformation of UBI Banca's corporate governance, from the two-tier to the one-tier system. The changes will be effective after the AGM. In item 2, the AGM is called to appoint the members of the Board of Directors and the Audit Committee, on slates of nominees submitted by shareholders holding, even jointly, at least 1.0% of the share capital. The Board will comprise 15 Directors, 5 of which will be members of the Audit Committee. Only one slate o...
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