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....
Following the comprehensive trading update in early March today’s FY17 results hold few surprises. Revenue of £3.1m (FY16: £3.3m) is in line with forecasts that were revised at the time of the trading update and reflect the slower build out of revenue from key new customers. Gross profit of £2.0m (FY16: £2.1m) is also in line with forecasts that increased 7% in March due to a stronger than expected performance in margin. Last month’s placing to raise c.£300k underpinned the strength of ...
Mi-Pay PLC has released an encouraging update this morning, confirming trading for 2017E was broadly in line with expectations. The company has also announced a number of board changes and a successful £510k placing which will raise £260k of new cash before expenses, to be invested in the company’s fraud platform and used for working capital purposes. The company continues to make good progress operationally, following the board changes and placing, the balance sheet is robust and operating ...
What’s new Interim results released on 19 February, were precisely in line with management’s pre-close update on 17 January, which revealed:  14% rise in Group Funds under Management to US$5.3bn (£3.9 bn).  1H18 pre-tax profit rose 14% to £6.6m (1H17: £5.8m).  The Board has declared an interim DPS of 9p (13% higher than 1H17: 8p). The full interim results provided further additional information, namely:  FuM on 31 January 2018 rose 9.4% in January 2018 to US$5.8bn.  1H18 r...
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