A director at IRESS Limited bought 6,046 shares at 8.190AUD and the significance rating of the trade was 68/100. 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 s...
IRESS (AU), a company active in the Computer Services industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date December 21, 2021, the closing price was AUD ...
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....
Narrow-moat-rated Iress’ share price has performed well this year, rising 26% to AUD 13.98 per share. However, the company has announced little recently, and we don’t think the share price rise is supported by a material improvement in the earnings growth outlook. We maintain our fair value estimate at AUD 11.80 per share and consider the stock to be overvalued. We think Iress’ share price growth is more reflective of broader equity market--and particularly technology stock--strength, whic...
Narrow-moat-rated Iress’ share price has performed well this year, rising 26% to AUD 13.98 per share. However, the company has announced little recently, and we don’t think the share price rise is supported by a material improvement in the earnings growth outlook. We maintain our fair value estimate at AUD 11.80 per share and consider the stock to be overvalued. We think Iress’ share price growth is more reflective of broader equity market--and particularly technology stock--strength, whic...
Narrow-moat-rated Iress’ share price has performed well this year, rising 26% to AUD 13.98 per share. However, the company has announced little recently, and we don’t think the share price rise is supported by a material improvement in the earnings growth outlook. We maintain our fair value estimate at AUD 11.80 per share and consider the stock to be overvalued. We think Iress’ share price growth is more reflective of broader equity market--and particularly technology stock--strength, whic...
We expect wide-moat-rated ASX to use the AUD 385 million raised from the sale of its 18.6% stake in IRESS to pay a fully franked special dividend. This may enable franking credits to be distributed ahead of a potential change in legislation, should the Labor Party win the next federal election, which is likely to be held in May. However, the company has yet to clarify the intended use of the funds. Considering the strength of ASX’s balance sheet and cash flow generation, we don’t think the c...
We expect wide-moat-rated ASX to use the AUD 385 million raised from the sale of its 18.6% stake in IRESS to pay a fully franked special dividend. This may enable franking credits to be distributed ahead of a potential change in legislation, should the Labor Party win the next federal election, which is likely to be held in May. However, the company has yet to clarify the intended use of the funds. Considering the strength of ASX’s balance sheet and cash flow generation, we don’t think the c...
We expect wide-moat-rated ASX to use the AUD 385 million raised from the sale of its 18.6% stake in IRESS to pay a fully franked special dividend. This may enable franking credits to be distributed ahead of a potential change in legislation, should the Labor Party win the next federal election, which is likely to be held in May. However, the company has yet to clarify the intended use of the funds. Considering the strength of ASX’s balance sheet and cash flow generation, we don’t think the c...
We expect wide-moat-rated ASX to use the AUD 385 million raised from the sale of its 18.6% stake in IRESS to pay a fully franked special dividend. This may enable franking credits to be distributed ahead of a potential change in legislation, should the Labor Party win the next federal election, which is likely to be held in May. However, the company has yet to clarify the intended use of the funds. Considering the strength of ASX’s balance sheet and cash flow generation, we don’t think the c...
We expect wide-moat-rated ASX to use the AUD 385 million raised from the sale of its 18.6% stake in IRESS to pay a fully franked special dividend. This may enable franking credits to be distributed ahead of a potential change in legislation, should the Labor Party win the next federal election, which is likely to be held in May. However, the company has yet to clarify the intended use of the funds. Considering the strength of ASX’s balance sheet and cash flow generation, we don’t think the c...
We expect wide-moat-rated ASX to use the AUD 385 million raised from the sale of its 18.6% stake in IRESS to pay a fully franked special dividend. This may enable franking credits to be distributed ahead of a potential change in legislation, should the Labor Party win the next federal election, which is likely to be held in May. However, the company has yet to clarify the intended use of the funds. Considering the strength of ASX’s balance sheet and cash flow generation, we don’t think the c...
Narrow-moat rated Iress reported a reassuring 2018 financial result that showed steady progress in line with our expectations. Both revenue and NPAT were within 1% of our forecasts, but we were encouraged by the performance and outlook for the Australian wealth management and U.K. lending divisions, which compose 31% and 7% of segment profit, respectively. We have slightly increased revenue growth forecasts, but our 2019 group segment profit forecast of AUD 151 million is largely unchanged and r...
Narrow-moat rated Iress reported a reassuring 2018 financial result that showed steady progress in line with our expectations. Both revenue and NPAT were within 1% of our forecasts, but we were encouraged by the performance and outlook for the Australian wealth management and U.K. lending divisions, which compose 31% and 7% of segment profit, respectively. We have slightly increased revenue growth forecasts, but our 2019 group segment profit forecast of AUD 151 million is largely unchanged and r...
Narrow-moat rated Iress reported a reassuring 2018 financial result that showed steady progress in line with our expectations. Both revenue and NPAT were within 1% of our forecasts, but we were encouraged by the performance and outlook for the Australian wealth management and U.K. lending divisions, which compose 31% and 7% of segment profit, respectively. We have slightly increased revenue growth forecasts, but our 2019 group segment profit forecast of AUD 151 million is largely unchanged and r...
Despite a lack of announcements since the interim result last August, the share price of narrow-moat-rated Iress has fallen by 21% over the past three months, which mainly reflects general technology stock weakness. At the current market price of AUD 10.81, the stock now trades slightly below our AUD 11.00 fair value estimate which implies a fiscal 2019 P/E ratio of 24. Superficially, this looks expensive relative to the P/E ratio of the S&P/ASX 200 index of just 14, and Iress needs to improve h...
Despite a lack of announcements since the interim result last August, the share price of narrow-moat-rated Iress has fallen by 21% over the past three months, which mainly reflects general technology stock weakness. At the current market price of AUD 10.81, the stock now trades slightly below our AUD 11.00 fair value estimate which implies a fiscal 2019 P/E ratio of 24. Superficially, this looks expensive relative to the P/E ratio of the S&P/ASX 200 index of just 14, and Iress needs to improve h...
Despite a lack of announcements since the interim result last August, the share price of narrow-moat-rated Iress has fallen by 21% over the past three months, which mainly reflects general technology stock weakness. At the current market price of AUD 10.81, the stock now trades slightly below our AUD 11.00 fair value estimate which implies a fiscal 2019 P/E ratio of 24. Superficially, this looks expensive relative to the P/E ratio of the S&P/ASX 200 index of just 14, and Iress needs to impro...
Narrow-moat-rated Iress’ first-half financial result was stronger than we were expecting. However, the 15% subsequent share price jump looked disproportionate to the result, and we expect the general bullish sentiment towards technology stocks was the main reason for the share price rise. First-half group revenue growth of 8.4% versus the prior comparable period was stronger than our full-year growth forecast of 7.1%, but constant-currency growth was only 6.3%. Similarly, the contribution marg...
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