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....
A director at Virgin Australia Holdings Limited bought 942,600 shares at 0.105AUD and the significance rating of the trade was 64/100. 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 la...
The independent financial analyst theScreener just lowered the general evaluation of VIRGIN AUS.HOLDINGS LTD. (AU), active in the Airlines 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 February 21, 2020, the closing price was AUD ...
We reiterate our AUD 0.24 per share fair value estimate for no-moat Virgin Australia Holdings following a mixed result for the first half of fiscal 2017. We are encouraged by member growth in the high-margin Velocity business, a turnaround in EBIT for the international business, and another half of solid top-line growth for the budget Tigerair segment. However, Virgin Australia’s domestic operations, the company’s most significant contributor to revenue, saw softer demand, while Virgin poste...
We advise that we will cease coverage of Virgin Australia Holdings in March 2017. Coverage has been transferred to a new analyst during this period. We reiterate our $0.24 fair value estimate, no-moat rating, high uncertainty, and Standard stewardship. Our no-moat rating reflects the minimal barriers to entry, a lack of switching costs for customers, and intense industry rivalry that make it difficult for airlines to establish a competitive advantage that would justify an economic moat. Althoug...
We revise our earnings estimates and fair value estimate for no-moat Virgin Australia. Virgin trades at a 10% discount to our revised AUD 0.24 fair value estimate but is not without risk. The current ownership structure offers low liquidity with only 10% free float, and we are currently seeing a subdued operating environment. Cost-out initiatives are guided to hit full pace by the end of fiscal 2019 but may coincide with higher oil prices and a weaker currency. Keeping a lid on costs and managin...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
We revise our earnings estimates and fair value estimate for no-moat Virgin Australia. Virgin trades at a 10% discount to our revised AUD 0.24 fair value estimate but is not without risk. The current ownership structure offers low liquidity with only 10% free float, and we are currently seeing a subdued operating environment. Cost-out initiatives are guided to hit full pace by the end of fiscal 2019 but may coincide with higher oil prices and a weaker currency. Keeping a lid on costs and managin...
We are transferring coverage of Virgin Australia. At this stage, we reaffirm our current forecasts, our DCF-based fair value estimate of AUD 0.27 per share, and our no-moat and high uncertainty ratings. At the current share price Virgin trades at around a 10% discount to fair value. We forecast a three-year CAGR in EPS of 3% to fiscal 2019. Our no-moat and high uncertainty ratings reflect the volatile and highly competitive nature of the airline industry. At the recent fiscal 2016 result, Virgin...
We are transferring coverage of Virgin Australia. At this stage, we reaffirm our current forecasts, our DCF-based fair value estimate of AUD 0.27 per share, and our no-moat and high uncertainty ratings. At the current share price Virgin trades at around a 10% discount to fair value. We forecast a three-year CAGR in EPS of 3% to fiscal 2019. Our no-moat and high uncertainty ratings reflect the volatile and highly competitive nature of the airline industry. At the recent fiscal 2016 result, Virgin...
Virgin Australia reported a net loss after tax and minorities of AUD 260.9 million for fiscal 2016, compared with a loss of AUD 110.8 million in the prior period. Excluding abnormal items, we estimate an underlying net profit of AUD 28.4 million, compared with a loss of AUD 42.5 million in the prior period, a turnaround of AUD 71 million. No dividend was declared. While second-half fiscal 2016 showed weakness in revenue yields in both the domestic and international businesses, we believe that op...
Virgin Australia reported a net loss after tax and minorities of AUD 260.9 million for fiscal 2016, compared with a loss of AUD 110.8 million in the prior period. Excluding abnormal items, we estimate an underlying net profit of AUD 28.4 million, compared with a loss of AUD 42.5 million in the prior period, a turnaround of AUD 71 million. No dividend was declared. While second-half fiscal 2016 showed weakness in revenue yields in both the domestic and international businesses, we believe that op...
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