A director at Eagers Automotive Limited bought 60,000 shares at 14.829AUD and the significance rating of the trade was 66/100. 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 y...
The independent financial analyst theScreener just requalified the general evaluation of EAGERS AUTOMOTIVE (AU), active in the Auto Parts industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date December 21, 2021, the ...
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....
Peter Warren Automotive Holdings Limited (PWA) aims to raise around US$200m in its Australia IPO. PWA is an automotive dealership group in Australia. It operates 17 dealerships across Sydney, Northern New South Wales and Southern Queensland. The company offers 27 vehicle brands and operates 70 franchises. PWA represents 18 of the top 30 brands in Australia. PWA gets the bulk of its revenue from new car sales, and it managed to come out of COVID-19 with minimal impact to earnings. Revenue was ...
In line with our expectations, the Australian Competition and Consumer Commission, or ACCC, has greenlit the merger between narrow-moat-rated auto dealers AP Eagers and Automotive Holdings. The approval will take effect on Aug. 16, 2019 and is conditional on the divestment of the Klosters Motor Group business by AP Eagers which is already underway. We had expected the ACCC to grant approval, so this is already reflected in our AUD 9.00 and 2.40 per share fair value estimates for AP Eagers and Au...
The Automotive Holdings board has recommended that shareholders accept AP Eagers’ improved offer once the "no material adverse change" condition is waived, in absence of a superior proposal. This is despite the independent expert’s report which concluded the improved offer is not fair but reasonable. The improved offer has increased the consideration to one AP Eager share for every 3.6 Automotive Holdings shares owned, compared with the prior offer of one for every 3.8. In addition to the sl...
The Automotive Holdings board has recommended that shareholders accept AP Eagers’ improved offer once the "no material adverse change" condition is waived, in absence of a superior proposal. This is despite the independent expert’s report which concluded the improved offer is not fair but reasonable. The improved offer has increased the consideration to one AP Eager share for every 3.6 Automotive Holdings shares owned, compared with the prior offer of one for every 3.8. In addition to the sl...
The Automotive Holdings board has recommended that shareholders accept AP Eagers’ improved offer once the "no material adverse change" condition is waived, in absence of a superior proposal. This is despite the independent expert’s report which concluded the improved offer is not fair but reasonable. The improved offer has increased the consideration to one AP Eager share for every 3.6 Automotive Holdings shares owned, compared with the prior offer of one for every 3.8. In addition to the sl...
We initiate coverage on narrow-moat-rated AP Eagers, the second-largest Australian listed automotive dealership, at a fair value estimate of AUD 9.00 per share. This valuation reflects our expectation the firm will successfully acquire market leader Automotive Holdings (it already holds 28.8%), with the combined entity proposed to be renamed to Eagers Automotive Holdings. Our fair value estimate incorporates standalone AP Eagers, and Automotive Holdings' valuation of AUD 7.50, and AUD 2.60 per s...
We initiate coverage on narrow-moat-rated AP Eagers, the second-largest Australian listed automotive dealership, at a fair value estimate of AUD 9.00 per share. This valuation reflects our expectation the firm will successfully acquire market leader Automotive Holdings (it already holds 28.8%), with the combined entity proposed to be renamed to Eagers Automotive Holdings. Our fair value estimate incorporates standalone AP Eagers, and Automotive Holdings' valuation of AUD 7.50, and AUD 2.60 per s...
We initiate coverage on narrow-moat-rated AP Eagers, the second-largest Australian listed automotive dealership, at a fair value estimate of AUD 9.00 per share. This valuation reflects our expectation the firm will successfully acquire market leader Automotive Holdings (it already holds 28.8%), with the combined entity proposed to be renamed to Eagers Automotive Holdings. Our fair value estimate incorporates standalone AP Eagers, and Automotive Holdings' valuation of AUD 7.50, and AUD 2.60 per s...
We initiate coverage on narrow-moat-rated AP Eagers, the second-largest Australian listed automotive dealership, at a fair value estimate of AUD 9.00 per share. This valuation reflects our expectation the firm will successfully acquire market leader Automotive Holdings (it already holds 28.8%), with the combined entity proposed to be renamed to Eagers Automotive Holdings. Our fair value estimate incorporates standalone AP Eagers, and Automotive Holdings' valuation of AUD 7.50, and AUD 2.60 per s...
AP Eagers operates in the automotive dealership industry, selling both passenger vehicles and commercial truck. The company owns and operates automotive franchises, with 72 dealership locations across the country. In addition to vehicle sales, the company generates a meaningful portion of its revenue and earnings through the service, spare parts, and finance divisions.The company boasts an estimated market share of 5%, trailing rival Automotive Holdings which leads with approximately 7%. Each de...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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