A director at Pact Group Holdings Ltd bought 773,850 shares at 0.840AUD and the significance rating of the trade was 60/100. 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 yea...
PACT GROUP (AU), a company active in the Containers & Packaging industry, increases its market risk and lowers its general evaluation. The independent financial analyst theScreener just requalified the stock market behaviour as moderately risky. On the other hand, theScreener awards a fundamental star to the title, but the new risk assessment downgrades the general evaluation to Neutral. As of the analysis date February 18, 2022, the closing price was AUD 2.62 and its expected value was estimate...
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....
We’re optimistic about the appointment of Sanjay Dayal as CEO of narrow-moat Pact Group. When Pact’s Chairman indicated they were looking for a CEO with strong operational capabilities, we’d taken this to mean an appointment from within the plastics industry was imminent. However, Dayal currently serves as chief executive of BlueScope Steel’s offshore building products businesses in Asia-Pacific and North America. He has a background in the chemicals industry previous to BlueScope. Nonet...
We’re optimistic about the appointment of Sanjay Dayal as CEO of narrow-moat Pact Group. When Pact’s Chairman indicated they were looking for a CEO with strong operational capabilities, we’d taken this to mean an appointment from within the plastics industry was imminent. However, Dayal currently serves as chief executive of BlueScope Steel’s offshore building products businesses in Asia-Pacific and North America. He has a background in the chemicals industry previous to BlueScope. Nonet...
We’re optimistic about the appointment of Sanjay Dayal as CEO of narrow-moat Pact Group. When Pact’s Chairman indicated they were looking for a CEO with strong operational capabilities, we’d taken this to mean an appointment from within the plastics industry was imminent. However, Dayal currently serves as chief executive of BlueScope Steel’s offshore building products businesses in Asia-Pacific and North America. He has a background in the chemicals industry previous to BlueScope. Nonet...
Soft Australian trading conditions and heightened capital requirements led narrow-moat Pact Group to suspend its dividend in first-half fiscal 2019 and makes an equity raising now look imminent. Lost volumes in its Australian rigids business led us to reduce our full-year expectations by 5%. We now forecast fiscal 2019 EBITDA of AUD 230 million, in line with the lower bound of Pact’s recently revised guidance range. We lower our fair value estimate by 14% to AUD 4.20 per share on account of re...
Soft Australian trading conditions and heightened capital requirements led narrow-moat Pact Group to suspend its dividend in first-half fiscal 2019 and makes an equity raising now look imminent. Lost volumes in its Australian rigids business led us to reduce our full-year expectations by 5%. We now forecast fiscal 2019 EBITDA of AUD 230 million, in line with the lower bound of Pact’s recently revised guidance range. We lower our fair value estimate by 14% to AUD 4.20 per share on account of re...
Soft Australian trading conditions and heightened capital requirements led narrow-moat Pact Group to suspend its dividend in first-half fiscal 2019 and makes an equity raising now look imminent. Lost volumes in its Australian rigids business led us to reduce our full-year expectations by 5%. We now forecast fiscal 2019 EBITDA of AUD 230 million, in line with the lower bound of Pact’s recently revised guidance range. We lower our fair value estimate by 14% to AUD 4.20 per share on account of re...
Weaker demand and input cost headwinds in the first half of fiscal 2019 led narrow-moat Pact Group to modestly downgrade full-year guidance. Pact now expects full-year fiscal 2019 EBITDA in the range of AUD 230 million to AUD 245 million. The midpoint of the updated range sits 2% below our full-year fiscal 2019 EBITDA forecast and 3% below Pact’s prior guidance provided in November. Pact Group also announced its first-half fiscal 2019 result and expects EBITDA of AUD 110 million. While a stron...
Weaker demand and input cost headwinds in the first half of fiscal 2019 led narrow-moat Pact Group to modestly downgrade full-year guidance. Pact now expects full-year fiscal 2019 EBITDA in the range of AUD 230 million to AUD 245 million. The midpoint of the updated range sits 2% below our full-year fiscal 2019 EBITDA forecast and 3% below Pact’s prior guidance provided in November. Pact Group also announced its first-half fiscal 2019 result and expects EBITDA of AUD 110 million. While a stron...
Concerns of oversupply in oil markets have markedly sent down oil futures and our near-term oil price forecast in recent months. Lower resin costs for narrow-moat Amcor and narrow-moat Pact Group are therefore anticipated over the coming five years. However, contractual arrangements with customers, where resin price volatility is passed-through, means that revenue will also contract over the same period. While we revise our near-term top-line forecasts lower for Amcor and Pact Group, earnings an...
Concerns of oversupply in oil markets have markedly sent down oil futures and our near-term oil price forecast in recent months. Lower resin costs for narrow-moat Amcor and narrow-moat Pact Group are therefore anticipated over the coming five years. However, contractual arrangements with customers, where resin price volatility is passed-through, means that revenue will also contract over the same period. While we revise our near-term top-line forecasts lower for Amcor and Pact Group, earnings an...
Concerns of oversupply in oil markets have markedly sent down oil futures and our near-term oil price forecast in recent months. Lower resin costs for narrow-moat Amcor and narrow-moat Pact Group are therefore anticipated over the coming five years. However, contractual arrangements with customers, where resin price volatility is passed-through, means that revenue will also contract over the same period. While we revise our near-term top-line forecasts lower for Amcor and Pact Group, earnings an...
The US yield curve has flattened sharply since our 2019 outlook was released lifting the risk that the end of the business cycle is rapidly approaching. Other indicators of the business cycle such as credit spreads, the 2-year yield, the Fed’s Loan Officer’s Survey and the Philly Fed survey all suggest the cycle still has some way to go. In our 2019 outlook, we lifted the bar further on defence. We shifted overweight Property and added to our overweight in Healthcare, but we also added our e...
Downgrades and market weakness. Most sectors fell during the month, but IT and Financials helped limit the rout. Lack of upgrades rather than excessive downgrades was the main problem. Follow Earnings During a Correction. NSR and SFR have seen relatively large increases in short-positioning, while heavily shorted stocks SYR and GXY saw relatively large falls. Labour market, consumer confidence and business confidence indicators all suggest the economy remains solid, despite evidence the ...
Following three months of elevated oil price volatility, Pact Group has materially downgraded its fiscal 2019 EBITDA guidance to AUD 245 million from a prior range of AUD 270 million to AUD 285 million. Our fiscal 2019 EBIT forecast of AUD 173 million is now 8% above updated company guidance, reflecting our more optimistic outlook on resin prices and subsequently near-term margins. Furthermore, we remain confident previously announced cost-out initiatives will further support medium-term margin ...
Following three months of elevated oil price volatility, Pact Group has materially downgraded its fiscal 2019 EBITDA guidance to AUD 245 million from a prior range of AUD 270 million to AUD 285 million. Our fiscal 2019 EBIT forecast of AUD 173 million is now 8% above updated company guidance, reflecting our more optimistic outlook on resin prices and subsequently near-term margins. Furthermore, we remain confident previously announced cost-out initiatives will further support medium-term margin ...
Following three months of elevated oil price volatility, Pact Group has materially downgraded its fiscal 2019 EBITDA guidance to AUD 245 million from a prior range of AUD 270 million to AUD 285 million. Our fiscal 2019 EBIT forecast of AUD 173 million is now 8% above updated company guidance, reflecting our more optimistic outlook on resin prices and subsequently near-term margins. Furthermore, we remain confident previously announced cost-out initiatives will further support medium-term margin ...
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