A director at Seek Limited sold/sold after exercising options 147,087 shares at 25.574AUD and the significance rating of the trade was 73/100. 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 ove...
Summary Recruit Holdings Co Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Recruit Holdings Co Ltd (Recruit Holdings) is a provider of human resource technology, marketing media, and temporary staffing services. The company provides technological solutions for hiring a...
The independent financial analyst theScreener just lowered the general evaluation of SEEK (AU), active in the Business Training & Employment Agencies industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 1, 2021, the closing price...
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....
Global equities fell by 0.6% after a strong start of the month was scuttled by the emergence of the Coronavirus. Healthcare (12%), IT (11%), Communication Services (9%) and Consumer Staples (8%) saw strong returns. The biggest hurdle for investors in Australia remains valuation. Analysts seem relatively comfortable with full-year EPS estimates after the downgrade cycle, with earnings certainty is back to around normal levels for the ASX200 universe. The Q4 19 inflation data was broadly in ...
We have maintained our earnings forecasts and AUD 19.00 fair value estimate for narrow-moat Seek despite the slight downgrade to fiscal 2019 earnings guidance and the announcement of new acquisitions. Management have changed their description of the fiscal 2019 reported NPAT guidance to ‘moderately’, rather than ‘slightly’, below the prior year and we assume our forecast 4% decline is in line with the guidance. At the current market price of AUD 18.21, we still believe Seek is fairly val...
We have maintained our earnings forecasts and AUD 19.00 fair value estimate for narrow-moat Seek despite the slight downgrade to fiscal 2019 earnings guidance and the announcement of new acquisitions. Management have changed their description of the fiscal 2019 reported NPAT guidance to ‘moderately’, rather than ‘slightly’, below the prior year and we assume our forecast 4% decline is in line with the guidance. At the current market price of AUD 18.21, we still believe Seek is fairly val...
Narrow-moat Seek reported a slightly stronger first-half result than we expected, with revenue up 19% versus our previous full-year growth forecast of 16%. Management maintained full-year revenue growth guidance of 16% to 20%, versus our revised forecast of 21%, and EBITDA growth guidance of 5% to 8%, versus our 4.4% forecast. Management also increased their estimate of the cost of investments in early stage ventures in fiscal 2019 to between AUD 40 and AUD 45 million from AUD 35 to AUD 40 milli...
Narrow-moat Seek reported a slightly stronger first-half result than we expected, with revenue up 19% versus our previous full-year growth forecast of 16%. Management maintained full-year revenue growth guidance of 16% to 20%, versus our revised forecast of 21%, and EBITDA growth guidance of 5% to 8%, versus our 4.4% forecast. Management also increased their estimate of the cost of investments in early stage ventures in fiscal 2019 to between AUD 40 and AUD 45 million from AUD 35 to AUD 40 milli...
Seek is the dominant website for job advertisements, and excess cash flow enables it to diversify and expand its revenue streams into investments in international job sites and an education division. Education is countercyclical; as job advertising slows, job hunters invest in themselves to become more marketable or develop new skills. We view the offshore expansion strategy favourably. Seek has bought minority stakes in dominant online sites within large populated and developing markets with lo...
Narrow-moat Seek reported a slightly stronger first-half result than we expected, with revenue up 19% versus our previous full-year growth forecast of 16%. Management maintained full-year revenue growth guidance of 16% to 20%, versus our revised forecast of 21%, and EBITDA growth guidance of 5% to 8%, versus our 4.4% forecast. Management also increased their estimate of the cost of investments in early stage ventures in fiscal 2019 to between AUD 40 and AUD 45 million from AUD 35 to AUD 40 milli...
Shares in narrow-moat-rated Seek have followed global technology stocks lower in recent months, falling 28% since August as technology sector sentiment has deteriorated. However, the sentiment change has not affected our earnings forecasts, and we have increased our fair value estimate by 3% to AUD 18.60 to reflect the impact of the time value of money on our financial model. At the current market price of AUD 17.10, the shares now appear undervalued. The share price implies a fiscal 2019 price/...
Shares in narrow-moat-rated Seek have followed global technology stocks lower in recent months, falling 28% since August as technology sector sentiment has deteriorated. However, the sentiment change has not affected our earnings forecasts, and we have increased our fair value estimate by 3% to AUD 18.60 to reflect the impact of the time value of money on our financial model. At the current market price of AUD 17.10, the shares now appear undervalued. The share price implies a fiscal 2019 price/...
Shares in narrow-moat-rated Seek have followed global technology stocks lower in recent months, falling 28% since August as technology sector sentiment has deteriorated. However, the sentiment change has not affected our earnings forecasts, and we have increased our fair value estimate by 3% to AUD 18.60 to reflect the impact of the time value of money on our financial model. At the current market price of AUD 17.10, the shares now appear undervalued. The share price implies a fiscal 2019 price/...
Shares in narrow-moat-rated Seek have followed global technology stocks lower in recent months, falling 28% since August as technology sector sentiment has deteriorated. However, the sentiment change has not affected our earnings forecasts, and we have increased our fair value estimate by 3% to AUD 18.60 to reflect the impact of the time value of money on our financial model. At the current market price of AUD 17.10, the shares now appear undervalued. The share price implies a fiscal 2019 price/...
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.
Solid Earnings Momentum Hits a Brick Wall. Downgrades following Reporting Front Running Reporting Downgrades for stocks not reporting Cost management Rather than Revenue Growth Driving Earnings Capex for Offence and Defence Holding Steady with our View.
Narrow-moat-rated Seek already announced the key components of its fiscal 2018 financial result last week, meaning the official result came as little surprise. We maintain our fair value estimate at AUD 18.00 per share, and at the current market price of AUD 21.29, continue to believe the shares are overvalued. Management has been under pressure from investors recently due to its strategy of reinvesting earnings into the business to maintain strong revenue growth at the expense of short-term pro...
Narrow-moat-rated Seek already announced the key components of its fiscal 2018 financial result last week, meaning the official result came as little surprise. We maintain our fair value estimate at AUD 18.00 per share, and at the current market price of AUD 21.29, continue to believe the shares are overvalued. Management has been under pressure from investors recently due to its strategy of reinvesting earnings into the business to maintain strong revenue growth at the expense of short-term pro...
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