A director at Comarch S.A. sold 1,493 shares at 332.200PLN and the significance rating of the trade was 58/100. 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 years clearly sh...
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....
Comarch smashed expectations with its 2020 fourth-quarter results, with an over-41% EBITDA boost to make to a record-high FY2020 full-year total of PLN 272m. Overall Comarch had a very strong year in 2020 despite the pandemic, with sales up by 7% from the previous year and a strong sales margin of 29.5%. With tight cost management, reflected in restrained hiring, combined with savings facilitated by remote working, the Company also generated healthy cash flow for the year. When it comes to prosp...
Conferences calendar … 2 Large-cap companies news … 3Asseco Poland, Comarch: 2 offers in KSI maintenance tender atZUS, a price war?CCC: 3Q20 financials in line with preliminary figures; drop ofprofitability at e-commerce, decent sales in OctoberSantander BP: Management on outlookMillennium: Management on outlookPlay: The European Commission grants consent to Iliad’s takeoverof PlayCD Projekt: Cyberpunk 2077 debut delayed by three weeks toDecember 10KGHM: Loan payment deadline extended by 1 year...
Comarch stock has fallen nearly 8% in the past month for no apparent reason. In the first half of 2020, the Company achieved 56% of our full-year earnings estimate with EBITDA of PLN 118m, and if seasonal patterns hold it should deliver even better results in the second half of the year. The coronavirus pandemic is having even less of an effect on Comarch than we had originally assumed, and after updating our models to account for this we are now expecting FY2020 EBITDA of PLN 234m. Our new targ...
Headlines Conferences calendar … 2 Large-cap companies news … 3 PKN Orlen, Lotos: European Commission to demand unacceptable requirements for merger? PGNiG: Another arbitrage against Gazporm possible? KGHM: Photovoltaic farm to be built in Legnica copper refinery JSW: Force majeure called off mBank: Court dismisses mBank appeal Millennium: Customers and financial ombudsman against the Bank and TU Europa Banks: Pricelists at banks on the rise Banks: Attorney general lodges a complaint a...
The general evaluation of COMARCH SA (PL), a company active in the Computer Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date July 3, 2020, the closing price was PLN 214.00 and its po...
Headlines Conferences calendar … 2 Large-cap companies news … 3 CCC: 2Q20 preliminary figures below our expectations; huge provisions/write-offs in 2H20E to improve the Group’s future profitability; needed additional capital at eobuwie.pl Cyfrowy Polsat: Disposal of cell tower infrastructure contemplated Orange PL: 5G services launched PGE: Turów completion likely to be delayed PKO BP: Leasing aftermarket to be launched today Pekao: Sale of DI Xelion Pension funds: Pension fund reform t...
Headlines Conferences calendar … 2 Large-cap companies news … 3 LPP: 1Q20/21 operating results in line with preliminary figures, NL higher than expected PGNiG: PLN 0.09 per share dividend from FY19 profits accepted by AGM Azoty: New supervisory board member CD Projekt: Management recommends no dividend payout CCC: 1H20 results on September 9 Santander BP: Court annuls FX mortgage agreement Alior: Non financial report available Millennium: First mortgage bonds issue to come in 2021 mBa...
Comarch stock has outperformed the Polish broad market WIG benchmark by 42.7 percentage points since July 2019. However the Company's growth potential going forward has been interrupted by the coronavirus outbreak, prompting downward revisions to our financial forecasts. We currently expect that, on slightly higher revenue (+1.8% y/y), Comarch will register EBITDA contraction of 7.1% in 2020. CMR shares are still trading at attractive levels of 7.6x EV/2020E EBITDA, and with earnings about to ta...
Headlines Large-cap companies news Pekao: Management on outlook KGHM: PLN 64 million of net impairment reversals to be booked in 4Q19 PKN Orlen, Energa: Focus on CCGT investments in Energa? PGNiG: New management board member PKO BP: Insider buying ING BSK: Supervisory board member steps down Banks: BFG contribution to resolution and deposit guarantee funds to grow at 15% yoy Small- and mid-cap companies news Asseco BS: (i) 4Q19 results released – strong (above the expectations), (ii) m...
Headlines Large-cap companies news PKN Orlen: Model margins for February revealed Lotos: Revamping of B3 field Lotos: Management outlook on investment projects LPP: Income tax PGE: FY19 financial report publication date postponed Pekao: Fixed rate mortgage loans to be introduced into offer mBank: Sale to be cancelled? ING BSK: Supervisory member resigns Banks: Raiffeisen to fight annulment of FX contract in court Utilities: New G-tariff motions submitted Small- and mid-cap companies ...
Headlines Large-cap companies news Alior: Management on outlook PKN Orlen, Lotos: Deadline for decision of EC on merger with Lotos extended to June 30 PKN Orlen: Increases in salaries accepted by management mBank, PKN Orlen: Lawsuit for reimbursement of interchange fees mBank: FY19 financial report released mBank: AGM called, profits to be unallocated JSW: Reversal of impairments of Koksownia Radlin of PLN 189.8 million JSW: New management board member PKO BP: Insider buying Kruk: Adj...
Headlines Large-cap companies news PKN Orlen: 4Q19 results revealed; Poor results across all business segments, weaker than expected cash flow, poor outlook CCC: Strategy – some comments Santander BP: Management on outlook Banks: Head of the BFG on burdens and restructuring of FX mortgages Banks: Loan sales expectations from BIK Small- and mid-cap companies news Unibep: 4Q19 results forecast – strong showing ahead J.W. Construction: 4Q19 results forecast – strong showing ahead Ten Squa...
Headlines Large-cap companies news PKN Orlen: Management outlook PKO BP: 4Q19E results’ preview Pekao: 4Q19E results preview Alior: 4Q19E results preview – cost of risk expected to drop Alior: Fitch affirms ratings mBank: Stated owned firms among forerunners for takeover? Santander BP: 4Q19 results to come tomorrow - provisions to weight on results Small- and mid-cap companies news Famur: 4Q19 results preview KGL: 4Q19 results’ forecast Arctic Paper: Management outlook Erbud: Constr...
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