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....
HD Supply Holdings, Inc.: Summary Notice of Proposed Settlement of Derivative Actions ATLANTA, April 01, 2021 (GLOBE NEWSWIRE) -- The following is being released by HD Supply Holdings, Inc. pursuant to an Order of the U.S. District Court for the Northern District of Georgia: UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF GEORGIAATLANTA DIVISION IN RE HD SUPPLY HOLDINGS, INC. DERIVATIVE LITIGATIONLead Case No.: 1:17-cv-02977-MLB (Derivative Action) SUMMARY NOTICE OF PROPOSED SETTLEMENT TO: ALL RECORD SHAREHOLDERS OF THE COMMON STOCK OF ...
HD Supply Holdings, Inc. Announces Fiscal 2020 Third-Quarter Results ATLANTA, Dec. 04, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today reported Net sales of $827.5 million for the third quarter of fiscal 2020 ended November 1, 2020, an increase of $2.3 million, or 0.3 percent, as compared to the third quarter of fiscal 2019. “I am very proud of the team as their focused execution continued to deliver improved results, in the face of turbulent end markets and organizationa...
HD Supply Holdings, Inc. Announces Fiscal 2020 Third-Quarter Earnings Release Date ATLANTA, Dec. 01, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq: HDS), one of the largest industrial distributors in North America, today announced that the company is planning to release its fiscal 2020 third-quarter press release on Friday, December 4th. There will be no conference call. To learn more about , please visit the company's website at . HD Supply uses its website as a channel of distribution for material company information. Financial and other material information regarding H...
HD Supply Holdings, Inc. Announces Agreement to be Acquired by The Home Depot, Inc. ATLANTA, Nov. 16, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest wholesale distributors in North America, today announced that The Home Depot, Inc., the world's largest home improvement retailer, has entered into a definitive agreement to acquire HD Supply. Under the terms of the agreement, The Home Depot, Inc. has agreed to commence a tender offer, through a wholly-owned subsidiary, to acquire all of the outstanding shares of HD Supply common stock for $56 per share in...
ENS currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.1x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 12% in 2020 to 10% in 2025, accompanied by 3% Uniform asset growth going forward. However, analysts have bullish expectations, projecting Uniform ROA to expand to 13% by 2022, accompanied by 3% Uniform asset shrinkage. Furthermore, management is confident about their investments, technology, and ...
HD Supply Holdings, Inc. (HDS:USA) currently trades above recent averages relative to UAFRS-based (Uniform) earnings, with a 19.6x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management appears concerned about free cash flow generation, sales weakness, and their capital plans Specifically, management may lack confidence in their ability to continue generating free cash flow, sustain margin growth, and mitigate net sales declines. In addition, they may be ...
HD Supply Holdings, Inc. Announces Fiscal 2020 Second-Quarter Results ATLANTA, Sept. 09, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today reported Net sales of $1.6 billion for the second quarter of fiscal 2020 ended August 2, 2020, a decrease of $72 million, or 4.4 percent, as compared to the second quarter of fiscal 2019. “Our highest priority remains the health and safety of our associates and our customers as we continue to support the operations and re-opening of living spaces, job-sites and w...
MSM currently trades below recent averages relative to Uniform earnings, with a 14.2x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to contract from 22% in 2019 to 13% in 2024, accompanied by 1% Uniform asset growth going forward. Meanwhile, analysts have similar expectations, projecting Uniform ROA to contract to 19% by 2021, accompanied by 5% Uniform asset shrinkage. That said, management is confident about their safety procedures, margins, and supply chai...
HD Supply Holdings, Inc. (HDS:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 16.5x Uniform P/E. At these levels, the market has bearish expectations for the firm, and management appears concerned about the property improvement business, reduced salaries, and sales Specifically, management may lack confidence in their ability to work closely with customers in the property improvement business, and they may be overstating their ability to predict...
HD Supply Holdings, Inc. Announces Fiscal 2020 Second-Quarter Earnings Release Date and Conference Call ATLANTA, Aug. 18, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq: HDS), one of the largest industrial distributors in North America, today announced that the company is planning to release its fiscal 2020 second-quarter press release on Wednesday, September 9th, at 6 a.m. (ET) to be followed by a conference call at 8 a.m. (ET). The conference call and presentation materials can be accessed via webcast by logging on from the Investor Relations section of the company's website ...
The independent financial analyst theScreener just allocated a lower risk rating to HD SUPPLY HOLDINGS (US), active in the Industrial Suppliers industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date August 11, 2020, the closing price was USD 41.71 and i...
Less than 2 months before its Spinoff, HD Supply Holdings, (HDS) announced today that it has opted to sell its Construction & Industrials business (Whitecap) for $2.9bn in cash to PE firm Clayton, Dubilier & Rice instead of Spinning it off to shareholders. Having entered our Model Portfolio in the lead up to the Spinoff, now that the short-term catalyst is gone and having generated a +21% return since our entry in June, we’ll be exiting HDS at the end of today’s (Aug 11, 2020) VWAP.
HD Supply Enters Into Definitive Agreement to Sell its Construction & Industrial--White Cap Business Segment to Clayton, Dubilier & Rice for $2.9 billion ATLANTA, Aug. 11, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ:HDS) ("HD Supply") today announced that it has entered into a definitive agreement to sell its Construction & Industrial--White Cap business (also known as “White Cap”), a leading distributor of specialty concrete and construction products and services in North America serving professional contractors, to an affiliate of Clayton, Dubilier & Rice for a purchase pr...
HD Supply Holdings, Inc. Announces New Board Member and Conclusion of SEC Investigation ATLANTA, June 29, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today announced the appointment of Milford W. McGuirt to serve as a member of the Company’s Board of Directors. Mr. McGuirt was appointed on June 28, 2020, and will serve as a member of the Audit and Nominating and Corporate Governance Committees. "We are excited to welcome Milford to our board of directors. Milford brings a tremendous performance track reco...
HD Supply Holdings, Inc. Announces Fiscal 2020 First-Quarter Results ATLANTA, June 09, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today reported Net sales of $1.4 billion for the first quarter of fiscal 2020 ended May 3, 2020, a decrease of $98 million, or 6.6 percent, as compared to the first quarter of fiscal 2019. "The COVID-19 pandemic has created extraordinary challenges, but our focus has remained clear. We have prioritized the health and well-being of our associates and their families while contin...
HD Supply Holdings, Inc. (HDS) has a history of value creation through divesting non-core assets since its IPO in 2013, coming to its most recent move: the planned Spinoff of its Construction & Industrials distribution business. We believe the Parent will benefit from this transaction, and additional catalysts are present with the involvement of two activist investors, a director purchasing stock on the open market, and a flexible balance sheet allowing for a higher multiple. Path from Listing ...
HD Supply Holdings, Inc. Announces Fiscal 2020 First-Quarter Earnings Release Date and Conference Call ATLANTA, May 05, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq: HDS), one of the largest industrial distributors in North America, today announced that the company is planning to release its fiscal 2020 first-quarter press release on Tuesday, June 9th, at 6 a.m. (ET) to be followed by a conference call at 8 a.m. (ET). The conference call and presentation materials can be accessed via webcast by logging on from the Investor Relations section of the company's website at hdsuppl...
HD Supply to Host its Annual Meeting of Stockholders in Virtual Format ATLANTA, April 28, 2020 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (Nasdaq: HDS), one of the largest industrial distributors in North America, today announced that the location of its annual meeting has been changed to a virtual format only, due to the public health and safety concerns related to the coronavirus (COVID-19) pandemic and recommendations and orders from governmental authorities. As previously announced, the annual meeting will be held on Tuesday, May 19, 2020 at 11:00 a.m., Eastern Daylight Time. Onlin...
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