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....
The volatility in fishing cycles and global fishmeal dynamics are negatively affecting the Oceana Group's (OCE) earnings. Although OCE offers diversification by species and geography, the Group's fishmeal and fish oil business accounts for c.30% of Group revenue. China's pig herds are material consumers of global fishmeal, where swine fever led to a 40% cull of stock and a c.10% decline in global fishmeal prices. The weak fishing season in the US due to adverse weather conditions will continu...
Production efficiencies, higher sales volumes and firmer prices drove OCE PBT up 28% y/y in H1 '19. We note the strong 11% y/y volume increase of canned fish with a profit increase of 24% y/y. The affordability of canned fish compared to other proteins and aggressive promotional activity led to an increase in volumes. OCE's performance is good relative to the SA food producer peer group where margins and earnings are stagnating or in decline
Oceana Group (OCE) reported core earnings growth of 63% yoy for FY 18. African operations experienced volume growth of 13% yoy in canned fish and 33% yoy in horse mackerel. SA catch rates and size mix across species both improved. We expect this trend to also support volume growth in FY '19. Daybrook revenue recovered off a low base and grew 24% yoy in FY '18. Price growth of 4% reduced volume growth by 20% yoy in Daybrook operations. Daybrook average prices of fishmeal and oil should remain sta...
Oceana Group (OCE) H1 '18 results were encouraging, with core earnings flat yoy. Canned fish volumes have recovered well. We believe volumes will continue increasing in H2 ‘18. The Daybrook business was weak in the period but will grow in H2 '18, with higher volumes and prices. According to our estimate, the company is capable of growing core earnings ahead of its peers, by c.39% pa over the next two years.
Two Directors at Oceana Group bought 5,985 shares at 80.239ZAR. The significance rating of the trade was 52/100. 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 s...
Oceana Group strives to provide consumers with access to one of the most affordable forms of animal protein – fish – while identifying acquisition opportunities and increasing organic business growth. Euromonitor International Local Company Profiles are a concise set of briefings detailing the strategic direction taken by a company. Discover key contact details, the company background and their competitive positioning through this collection of snapshot company profiles. Product coverage: ...
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...
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