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....
Thomas Cook has reported a strong decline in its results at end of July and has furnished a bit more information on the debt restructuring plan being mulled with support from Fosun. The main measures are as follows. - - All 6.25% 2022 (€ 750m) and 3.875% 2023 (€ 400m) bonds, as well as funds raised from the syndicated RCF (£ 650m late July) will be converted into: 1/ shares entitling holders to "at least 15% stake" in the recapitalised group; and 2/ at least Â...
Thomas Cook a dévoilé des résultats en forte baisse à fin juillet et a donné un peu plus d’informations concernant le plan de restructuration financière envisagé. Les principales mesures sont : - - Toutes les obligations 6.25% 2022 (750 m EUR) et 3.875% 2023 (400 m EUR), ainsi que les fonds mobilisés sur le RCF syndiqué (650 m GBP à fin juillet) seront convertis 1/ en actions donnant droit à « au moins 15% du capital » du groupe recapitalisé et 2/ en obligations PIK, pour 81 m ...
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