A director at Arena REIT bought 10,985 shares at 3.500AUD and the significance rating of the trade was 51/100. 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 sho...
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....
As foreshadowed in our note of May 22, 2019, we recommend Arena REIT securityholders subscribe for new units under the security purchase plan, or SPP. The SPP subscription price of AUD 2.67 is close to our fair value of AUD 2.63, which implies the offer price is fair. The appeal of the offer is enhanced by the 7% discount to the current market price of AUD 2.87. The offer is open to security holders who were on the security holder register at 7:00pm on May 20, 2019 and the offer closes on June 2...
As foreshadowed in our note of May 22, 2019, we recommend Arena REIT securityholders subscribe for new units under the security purchase plan, or SPP. The SPP subscription price of AUD 2.67 is close to our fair value of AUD 2.63, which implies the offer price is fair. The appeal of the offer is enhanced by the 7% discount to the current market price of AUD 2.87. The offer is open to security holders who were on the security holder register at 7:00pm on May 20, 2019 and the offer closes on June 2...
As foreshadowed in our note of May 22, 2019, we recommend Arena REIT securityholders subscribe for new units under the security purchase plan, or SPP. The SPP subscription price of AUD 2.67 is close to our fair value of AUD 2.63, which implies the offer price is fair. The appeal of the offer is enhanced by the 7% discount to the current market price of AUD 2.87. The offer is open to security holders who were on the security holder register at 7:00pm on May 20, 2019 and the offer closes on June 2...
Arena REIT’s decision to raise AUD 50 million via an institutional placement at AUD 2.67 per security is a sensible move, exploiting the recent improvement in investor sentiment towards the childcare sector. A security purchase plan, or SPP, will raise up to AUD 5 million, enabling securityholders to invest up to AUD 15,000, also at AUD 2.67 per security. Arena will use the new funds and existing debt facilities to acquire three childcare centres, three disability accommodation centres, and f...
Arena REIT’s decision to raise AUD 50 million via an institutional placement at AUD 2.67 per security is a sensible move, exploiting the recent improvement in investor sentiment towards the childcare sector. A security purchase plan, or SPP, will raise up to AUD 5 million, enabling securityholders to invest up to AUD 15,000, also at AUD 2.67 per security. Arena will use the new funds and existing debt facilities to acquire three childcare centres, three disability accommodation centres, and f...
Arena REIT’s decision to raise AUD 50 million via an institutional placement at AUD 2.67 per security is a sensible move, exploiting the recent improvement in investor sentiment towards the childcare sector. A security purchase plan, or SPP, will raise up to AUD 5 million, enabling securityholders to invest up to AUD 15,000, also at AUD 2.67 per security. Arena will use the new funds and existing debt facilities to acquire three childcare centres, three disability accommodation centres, and fi...
A Labor victory in the forthcoming federal election would be positive for the childcare sector but a Coalition victory wouldn’t be disastrous by any means. Both parties have consistently argued for increasing government childcare spending and we expect this to continue for the foreseeable future. However, Labor’s current proposals are particularly generous, including higher wages for childcare workers, an increase in pre-school education funding, and an increase in the childcare subsidy, or ...
A Labor victory in the forthcoming federal election would be positive for the childcare sector but a Coalition victory wouldn’t be disastrous by any means. Both parties have consistently argued for increasing government childcare spending and we expect this to continue for the foreseeable future. However, Labor’s current proposals are particularly generous, including higher wages for childcare workers, an increase in pre-school education funding, and an increase in the childcare subsidy, or ...
A Labor victory in the forthcoming federal election would be positive for the childcare sector but a Coalition victory wouldn’t be disastrous by any means. Both parties have consistently argued for increasing government childcare spending and we expect this to continue for the foreseeable future. However, Labor’s current proposals are particularly generous, including higher wages for childcare workers, an increase in pre-school education funding, and an increase in the childcare subsidy, or ...
The key takeaway from Arena’s first-half result was that the child care sector continues to strengthen following the introduction of the child care subsidy, or CCS, last July. Child care properties comprise around 85% of Arena’s portfolio by value and the combination of weak demand and an oversupply of child care centres has been a concern for investors over the past couple of years. However, the child care market is improving in line with our investment thesis, outlined in our February 2018...
The key takeaway from Arena’s first-half result was that the child care sector continues to strengthen following the introduction of the child care subsidy, or CCS, last July. Child care properties comprise around 85% of Arena’s portfolio by value and the combination of weak demand and an oversupply of child care centres has been a concern for investors over the past couple of years. However, the child care market is improving in line with our investment thesis, outlined in our February 2018...
We expect Arena to generate low-single-digit annual rental growth from its portfolio of Australian child care centres over the long term, supported by long-term demand growth for Australian child care services. Arena benefits from several supportive trends such as population growth and growing government subsidies in addition to attractive characteristics such as an occupancy rate of around 100%, high tenant renewal rates, triple net leases, and a relatively long weighted average lease expiry of...
The key takeaway from Arena’s first-half result was that the child care sector continues to strengthen following the introduction of the child care subsidy, or CCS, last July. Child care properties comprise around 85% of Arena’s portfolio by value and the combination of weak demand and an oversupply of child care centres has been a concern for investors over the past couple of years. However, the child care market is improving in line with our investment thesis, outlined in our February 2018...
Child care stocks have performed well in recent months, but the February 2019 reporting season needs to provide further evidence of improvement in child care centre occupancy rates to support higher share prices. The share price rally that began last November was triggered by evidence that the oversupply of child care centres was finally abating and being offset by increased demand due to the introduction of the Child Care Subsidy, or CCS, in July last year. This turnaround is in line with our i...
Child care stocks have performed well in recent months, but the February 2019 reporting season needs to provide further evidence of improvement in child care centre occupancy rates to support higher share prices. The share price rally that began last November was triggered by evidence that the oversupply of child care centres was finally abating and being offset by increased demand due to the introduction of the Child Care Subsidy, or CCS, in July last year. This turnaround is in line with our i...
Child care stocks have performed well in recent months, but the February 2019 reporting season needs to provide further evidence of improvement in child care centre occupancy rates to support higher share prices. The share price rally that began last November was triggered by evidence that the oversupply of child care centres was finally abating and being offset by increased demand due to the introduction of the Child Care Subsidy, or CCS, in July last year. This turnaround is in line with our i...
Child care stocks have performed well in recent months, but the February 2019 reporting season needs to provide further evidence of improvement in child care centre occupancy rates to support higher share prices. The share price rally that began last November was triggered by evidence that the oversupply of child care centres was finally abating and being offset by increased demand due to the introduction of the Child Care Subsidy, or CCS, in July last year. This turnaround is in line with our i...
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