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....
Twenty-First Century Fox completed the distribution of all shares of Fox Corp. (tickers FOXA and FOX) to 21CF shareholders on March 19. The assets remaining at 21CF will trade under the TFCFA and TFCF tickers until the acquisition of the firm by Walt Disney on March 20. As a result, we are removing our fair value estimate for 21CF as the company will shortly cease to exist.
The upcoming situation will see the mega-merger of Twenty-First Century Fox, Inc.'s (FOXA) entertainment assets with The Walt Disney Co. (DIS), resulting in a powerhouse of content creation and distribution. Alongside this, and prompted by a bevy of international regulatory conditions, FOXA must Spinoff its Sports & News segment into Fox Corp. (FOX), which we believe is a takeover target in the long-term for any larger media company looking for more broadcasting exposure. The Major Post-Situati...
The general evaluation of 21ST.CENTURY FOX INCO. (US), a company active in the Broadcasting & Entertainment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 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 March 12, 2019, the closing price ...
Fox posted a strong fiscal 2019 second quarter as revenue was in line with the Street projection and EBITDA came above the consensus estimate. While the results were once again positive, this may the last quarter for the combined firm. The soon-to-be-spun-off New Fox Corp. represents a minority piece of this quarter’s revenue and earnings, but the revenue growth at the broadcast network and Fox News is a positive sign for the successor firm. We are maintaining our wide moat rating but are rais...
Since we believe that the deal to sell many of Fox’s assets to Disney will be completed, our investment thesis will focus on the successor firm, New Fox Co. Other sections, including moat rating and valuation, will be based on the current firm.After completing the sale to Disney, the Murdoch clan will be overseeing a much smaller media firm, albeit one that still owns some major brands. New Fox will consist of the Fox network, 28 local TV stations, Fox News Group, and Fox Sports. The new firm ...
Fox posted a strong fiscal 2019 second quarter as revenue was in line with the Street projection and EBITDA came above the consensus estimate. While the results were once again positive, this may the last quarter for the combined firm. The soon-to-be-spun-off New Fox Corp. represents a minority piece of this quarter’s revenue and earnings, but the revenue growth at the broadcast network and Fox News is a positive sign for the successor firm. We are maintaining our wide moat rating but are rais...
The constantly evolving media ecosystem has put tremendous pressure on the traditional pay-television bundle model as people find new ways to consume content. Three years ago, we offered the view that the traditional pay-television bundle was broken but not dead. Since then, there have been a number of new entrants that use the Internet to distribute pay television, so-called over-the-top services. However, the pace of change within the pay-television delivery marketplace remains frustratingly s...
Summary Marketline's Fairfax Media Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Fairfax Media Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the or...
The constantly evolving media ecosystem has put tremendous pressure on the traditional pay-television bundle model as people find new ways to consume content. Three years ago, we offered the view that the traditional pay-television bundle was broken but not dead. Since then, there have been a number of new entrants that use the Internet to distribute pay television, so-called over-the-top services. However, the pace of change within the pay-television delivery marketplace remains frustratingly s...
Fox reported a strong start to fiscal 2019 as revenue was in line with the Street projection and EBITDA came above the consensus projections. While the results were positive, we note that the New Fox Co represents a minority piece of this quarter’s revenue and earnings, but the growth at the broadcast network and Fox News is a positive sign for the successor firm. We are maintaining our wide moat rating and our $46 fair value estimate. As a reminder, our fair value estimate is based on the Dis...
Fox reported a strong start to fiscal 2019 as revenue was in line with the Street projection and EBITDA came above the consensus projections. While the results were positive, we note that the New Fox Co represents a minority piece of this quarter’s revenue and earnings, but the growth at the broadcast network and Fox News is a positive sign for the successor firm. We are maintaining our wide moat rating and our $46 fair value estimate. As a reminder, our fair value estimate is based on the Dis...
Fox announced on Sept. 26 that it will sell its 39% share in Sky to Comcast under the cable company's GBX 1,728 tender offer for Sky shares. The tender will move Comcast's stake in the company to well over the 50% goal and will likely force other shareholders to sell as well. Disney will use the additional proceeds from the sale to lower the debt load needed to acquire the Fox assets. Disney is in the process of closing its acquisition of the Fox assets which would have included the 39% stake in...
Fox announced on Sept. 26 that it will sell its 39% share in Sky to Comcast under the cable company's GBX 1,728 tender offer for Sky shares. The tender will move Comcast's stake in the company to well over the 50% goal and will likely force other shareholders to sell as well. Disney will use the additional proceeds from the sale to lower the debt load needed to acquire the Fox assets. Disney is in the process of closing its acquisition of the Fox assets which would have included the 39% stake in...
The bidding war for Sky is nearing an end. With neither Comcast nor Fox making an offer labeled as final, the U.K. Takeover Panel exercised its rights to take the bidding to a final auction. The auction was held Sept. 22, with Comcast bidding GBX 1,728 per share, 10% more than Fox’s GBX 1,567 offer. Both offers were significantly higher than their previous bids of GBX 1,476 and GBX 1,400, respectively. The offers are great for Sky shareholders, but we believe Comcast will struggle to generate ...
The bidding war for Sky is nearing an end. With neither Comcast or Fox making an offer labeled as final, the U.K. Takeover Panel exercised its rights to take the bidding to a final auction. The auction was held on Saturday Sept. 22, with Comcast bidding GBX 1728 per share, 10% more than Fox’s GBX 1567 offer. Both offers were significantly higher than their previous bids of GBX 1476 and GBX 1400, respectively. The offers are great for Sky shareholders, but we believe Comcast will struggle to ge...
SAN currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 16.6x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to fade from 11% in 2017 to 9% in 2022, accompanied by 2% Uniform Asset growth going forward. However, analysts have more bullish expectations, projecting Uniform ROA to remain at current 11% levels through 2019, accompanied by 2% Uniform Asset shrinkage. Moreover, management's confidence in their pricing strategy ...
Trimax Corporation and Saavy Naturals Inc. Receive Vendor Approval to Sell Its Full Line of Luxurious Beauty Care Products on Bed Bath & Beyonds E-Commerce Website Saavy Naturals In Final Discussions To Sell Their Complete Product Line In Over 1,000 Bed Bath & Beyond Retail Locations CHATSWORTH, CA , Sept. 17, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Trimax Corporation, Inc. (OTC PINK: TMXN) (the “Company”) and its wholly owned subsidiary Saavy Naturals Inc., is pleased to announce they have received final vendor approval to sell its complete line of Saavy Naturals health and ...
Trimax Corporation and Saavy Naturals Inc. Begins Roll Out of Their Custom Full Pallet Displays for Their Handmade Soaps to Walmart Corp. Saavy Naturals Expects To Roll Out Over One Million Hand Crafted Soaps Into Walmart ® Retail Locations By December 2018 Chatsworth, CA, Sept. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Trimax Corporation, Inc. (OTC PINK: TMXN) (the “Company”) and its wholly owned subsidiary Saavy Naturals Inc., is pleased to announce they have received confirmation and have begun to roll-out their custom-made free standing pallet displays for their hand-crafted...
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