A director at Technology One Limited maiden bought 8,050 shares at 29.620AUD and the significance rating of the trade was 76/100. 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 tw...
The independent financial analyst theScreener just lowered the general evaluation of TECHNOLOGY ONE (AU), active in the Software industry. As regards its fundamental valuation, the title still shows 0 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 25, 2022, the cl...
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....
Lower High Forming? Major global indexes are showing waning upside momentum and we believe near-term consolidation is likely. This is supported by the charts and the idea that consolidation makes sense following the massive gains off of the March lows. We also believe that the market is in a “wait-and-see†phase as it relates to states and countries re-opening. A resolution of this consolidation period above resistance (bullish) or below support (bearish) will tell us where the major global...
Growth stocks have again out-performed Value since the start of the year supported by declining bond yields and solid EPS growth. In this note, we cast our eye over a selection of 55 Growth stocks constrained by a 12-month forward PE multiple of 18 and long-term consensus EPS growth of 7.5%. We then compare each stock using their cash conversion, asset turnover, reinvestment rate, net debt, EBITDA margin and Good Will. Within the group of stocks with a high PE and strong ea...
We weren’t particularly surprised that narrow-moat Technology One’s share price plunged by 13% following its first-half results. The share price has had an incredible run over the last few months, rising by about 130% since last July. However, despite moving beyond the challenges experienced in 2018, such as the Brisbane City Council contract dispute, disgruntled former employees, and the transition to a new chief executive officer, we don’t believe these minor events justified such a rall...
We weren’t particularly surprised that narrow-moat Technology One’s share price plunged by 13% following its first-half results. The share price has had an incredible run over the last few months, rising by about 130% since last July. However, despite moving beyond the challenges experienced in 2018, such as the Brisbane City Council contract dispute, disgruntled former employees, and the transition to a new chief executive officer, we don’t believe these minor events justified such a rall...
We weren’t particularly surprised that narrow-moat Technology One’s share price plunged by 13% following its first-half results. The share price has had an incredible run over the last few months, rising by about 130% since last July. However, despite moving beyond the challenges experienced in 2018, such as the Brisbane City Council contract dispute, disgruntled former employees, and the transition to a new chief executive officer, we don’t believe these minor events justified such a rall...
The Nasdaq Composite Index fell 23% in the fourth quarter of 2018 but has since rallied 23%, lifting local Australian listed technology stocks with it. Technology One’s share price has risen by 93% since mid-last year, however, we believe the rally has more to do with the improvement in market sentiment than an improvement in Technology One’s outlook. Little has been announced by the company in recent months and management’s vague earnings guidance, of strong profit growth skewed to the se...
The Nasdaq Composite Index fell 23% in the fourth quarter of 2018 but has since rallied 23%, lifting local Australian listed technology stocks with it. Technology One’s share price has risen by 93% since mid-last year, however, we believe the rally has more to do with the improvement in market sentiment than an improvement in Technology One’s outlook. Little has been announced by the company in recent months and management’s vague earnings guidance, of strong profit growth skewed to the se...
The Nasdaq Composite Index fell 23% in the fourth quarter of 2018 but has since rallied 23%, lifting local Australian listed technology stocks with it. Technology One’s share price has risen by 93% since mid-last year, however, we believe the rally has more to do with the improvement in market sentiment than an improvement in Technology One’s outlook. Little has been announced by the company in recent months and management’s vague earnings guidance, of strong profit growth skewed to the se...
The Nasdaq Composite Index fell 23% in the fourth quarter of 2018 but has since rallied 23%, lifting local Australian listed technology stocks with it. Technology One’s share price has risen by 93% since mid-last year, however, we believe the rally has more to do with the improvement in market sentiment than an improvement in Technology One’s outlook. Little has been announced by the company in recent months and management’s vague earnings guidance, of strong profit growth skewed to the se...
The US yield curve has flattened sharply since our 2019 outlook was released lifting the risk that the end of the business cycle is rapidly approaching. Other indicators of the business cycle such as credit spreads, the 2-year yield, the Fed’s Loan Officer’s Survey and the Philly Fed survey all suggest the cycle still has some way to go. In our 2019 outlook, we lifted the bar further on defence. We shifted overweight Property and added to our overweight in Healthcare, but we also added our e...
We expect 2019 will be challenging. The risks for the domestic economy seem skewed to the downside. An Election Year with a change of Government Likely. Accumulate, but Don’t Over-pay for Defendable Earnings. Private equity bids for NVT and TME have forced us to remove these stocks from the portfolio and we take profit in these names. We think bond yields are past their peak for now and have been gradually building positions in property.
Technology One’s fiscal 2018 result was in line with both our forecasts and management guidance, but we are regardless increasingly excited about the earnings growth potential of the company. The transition to selling software-as-a-service, or SaaS, contracts, from on-premise perpetual software licences, is now complete. However, most existing customers are yet to transition to the more lucrative SaaS contracts which creates a relatively low risk source of revenue growth in the medium term. Te...
Technology One’s fiscal 2018 result was in line with both our forecasts and management guidance, but we are regardless increasingly excited about the earnings growth potential of the company. The transition to selling software-as-a-service, or SaaS, contracts, from on-premise perpetual software licences, is now complete. However, most existing customers are yet to transition to the more lucrative SaaS contracts which creates a relatively low risk source of revenue growth in the medium term. Te...
Technology One’s fiscal 2018 result was in line with both our forecasts and management guidance, but we are regardless increasingly excited about the earnings growth potential of the company. The transition to selling software-as-a-service, or SaaS, contracts, from on-premise perpetual software licences, is now complete. However, most existing customers are yet to transition to the more lucrative SaaS contracts which creates a relatively low risk source of revenue growth in the medium term. Te...
Reporting Season should prove relatively good. Changes to Accounting Standards are an uncertainty. Global sector rotation hits Australia. We don’t expect the bounce in Financials to be repeated. The market is pushing up against a valuation ceiling, but it is fairly concentrated. Domestic Economy Tracking In-Line with Our Expectations.
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