A director at Neuca SA sold 796 shares at 822.462PLN and the significance rating of the trade was 61/100. 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 showing ...
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....
Polish Equities Monthly: July 2020 Worlds apart Nasdaq Composite at its all-time high (and +11.7% ytd) and S&P500 a tad in the positive territory from the ytd RoR perspective – that was the world of the stock market just a few days ago. It hardly reconciled not only with realistic, in our view, scenarios for the economic recovery (discussed in our previous Monthly research report, 6/2020/MR(59), dated May 19), but also with the mathematics of changes in the U.S. earnings expectations (the abru...
Headlines Large-cap companies news PKN Orlen: FY19 results published; slight changes in comparison to the implied 1-4Q19 results PKN Orlen: PLN 3.0 dividend per share proposed by management KGHM: Management outlook following the publication of FY19 results CCC: Share issue – PLN 400-500 million; possible sale of 20-25% stake in eobuwie.pl Play: PLN 1.2 billion debt facility Eurocash: Labour shortages LPP: Insider buying Kruk: Bond issue dropped Banks: Dividends at banks at risk? Banks...
Headlines Large-cap companies news KGHM: 4Q19 results revealed; Disappointing results of KGHM Polska due to higher than expected operating costs, good operating cash flow performance driven by extensive use of factoring Cyfrowy Polsat: Bid for Interia placed Cyfrowy Polsat: Insider buying PZU: CFO on outlook PKO BP: Insider buying Millennium: Insider buying Eurocash: Insider buying Tauron: PLN 121 million of additional impairments Banks: MPC cuts interest rates Banks: ZBP wants to lim...
Headlines Large-cap companies news CCC: FY19 NL at PLN -27 million Kruk: FY19 financial report released PKN Orlen: Changes in supervisory board members Azoty: Sale of 3D printing materials planned Tauron: Improvement in Tauron Wydobycie on the horizon? Alior: Organic work in the corporate segment Pekao: Individual recommendation from the watchdog ING BSK: Management recommendation for dividends ING BSK: Fitch puts IDR rating on observation list Banks: Head of PFR on Pesa restructuring...
Headlines Large-cap companies news Orange PL: PLN 116 million deal with Poczta Polska signed PGNiG: Condition for purchase of Duva project from Pandion Energy fulfilled PGNiG: New management board elected PGNiG, JSW: Agreement for the utilization of methane in the Budryk mine PKO BP: Leasing arm strategy envisages market share gains Handlowy: MREL requirements from BFG Small- and mid-cap companies news Medicalgorithmics: The number of claims Budimex: Best offer for S5 expressway Polic...
Polish Equities Monthly: January 2020 Delivering the goods FY19 performance of our top potential out- and underperformers portfolio shows that acute stock selection accompanied by patience is capable of yielding satisfying rates of return also in periods when the broad stock market is not supportive, moving side-ways: last year our top potential out- and underperformers portfolio generated absolute positive rate of return (including intra-year month-on-month compounding effect, yet excluding t...
Headlines Large-cap companies news CCC: 4Q19 preliminary figures below expectations Alior: New strategy to come in late January, new format of branches to be opened in 2020 Orange PL: Nju mobile with 1 million of clients JSW: PLN 700 million to be redeemed from FIZ stability fund Banks: FX mortgage borrowers’ interest after ruling in Dziubak case Banks: FX mortgage provisions at banks in 4Q19 Small- and mid-cap companies news Echo Investments: December sale volumes and handovers Dom De...
Headlines Large-cap companies news KGHM: Syndicated loan worth US$ 1.5 billion obtained for refinancing purposes JSW, PGNiG: Project for methane mine extraction ING BSK: Repayment of bonds Banks: New lawsuits from CHF mortgage borrowers Banks: ZBP on provisions for CHF mortgage loans Banks: ZBP on MREL issuance Banks: Pengab declines in December Banks: BIK data for November Banks: Financial Stability Committee justification for anti-cyclical buffer Small- and mid-cap companies news N...
Headlines Large-cap companies news Alior: Management on outlook Pekao: BFG sets MREL requirements Pekao: UniCredit below 5% threshold PGNiG: 2.9% drop in retail tariffs accepted from 2020 Tauron: PLN 230-280 provision in 4Q19 mBank: Reuters on bidders Kruk: Purchase of NPL portfolio Banks: Participation rate in PPK at 39% Telecommunications services: New PEM norms yet this week? Utilities: URE on G-tariff and distribution tariffs Small- and mid-cap companies news Rafako: Financing s...
• We are positive about stock markets. Stocks ↑ • WIG > EM > SPX > EuroStoxx • The global economic cycle is close to the inflection point. • Central banks’ policy will support risky assets. • GPW is in the ‘risk search’ phase and a wave of optimism may have a dynamic impact on multiple re-rating. • The most important topic for 2020 on the GPW will be a significant increase in the capacity of domestic investors to purchase stocks. Inflows should send valuations up. • Poland:...
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