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 trend is still bullish, the invalidation level is below 408.90 p. The target is at 549.45 p.Arguments :- The support has been reached, it causes the bounce.- The resistance is close.- Prices made a new all-time-high, this confirms the strength of the trend.- The rising moving average confirms our opinion.- The gap acts as a support.
La tendance est toujours haussière, son niveau d'invalidation est sous 408,90 p. L'objectif est à 549,45 p.Arguments :- Le support est atteint, il cause le rebond.- La résistance est proche.- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne mobile, haussière, confirme notre avis.- Le gap sert de support.
Melrose Industries has bid for control of narrow-moat GKN, having secured 52% of the voting rights on March 29, 2018. GKN shareholders will receive GBX 81 in cash and 1.49 Melrose shares for each GKN share. After losing the battle for control, the board of GKN no longer classifies Melrose’s offer as unsolicited and recommends shareholders accept the offer. Although we dislike the disproportionate mix of stock (82%) versus cash in the offer, at current share price levels, the deal value implies...
Melrose Industries has bid for control of narrow-moat GKN, having secured 52% of the voting rights on March 29, 2018. GKN shareholders will receive GBX 81 in cash and 1.49 Melrose shares for each GKN share. After losing the battle for control, the board of GKN no longer classifies Melrose’s offer as unsolicited and recommends shareholders accept the offer. Although we dislike the disproportionate mix of stock (82%) versus cash in the offer, at current share price levels, the deal value implies...
The previous high has been passed, the bullish trend is confirmed. The next target is at 518.93 p. The invalidation level is below 386.75 p.Arguments :- Prices made a new high, this confirms the strength of the trend.- The rising moving average confirms our opinion.
Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 518,93 p. Le niveau d'invalidation est sous 386,75 p.Arguments :- Les cours font un nouveau plus haut, ce qui témoigne de la force de la tendance.- La moyenne mobile, haussière, confirme notre avis.
The trend is still bullish, the invalidation level is below 385.71 p. The target is at 484.12 p.Arguments :- The support has been reached, it causes the bounce.- The major support has been reached, it causes the bounce.- The resistance has been passed.- Prices are breaking above the moving average, it is a sign of strength.- The gap acts as a support.
La tendance est toujours haussière, son niveau d'invalidation est sous 385,71 p. L'objectif est à 484,12 p.Arguments :- Le support est atteint, il cause le rebond.- Le support majeur est atteint, il cause le rebond.- La résistance est dépassée.- Les prix dépassent la moyenne mobile, c'est un signal de force.- Le gap sert de support.
We are increasing GKN’s fair value estimate to GBX 450 from GBX 350 per share for the London listed shares having updated our assumptions due higher-than-expected driveline sales in 2018-19, a lower pension deficit, reduced group taxation following U.S. federal taxes changes, and benefits from currency tailwinds. We have also adjusted for the time value of money since our last update. After recent share price gains, following Melrose’s proposal to buy GKN, we believe the shares are fairly v...
The trend is still bullish, the invalidation level is below 385.71 p. The target is at 484.12 p.Arguments :- The support has been breached.- The major support has been reached, it causes the bounce.- Prices are breaking above the moving average, it is a sign of strength.- The gap acts as a support.
La tendance est toujours haussière, son niveau d'invalidation est sous 385,71 p. L'objectif est à 484,12 p.Arguments :- Le support est enfoncé.- Le support majeur est atteint, il cause le rebond.- Les prix dépassent la moyenne mobile, c'est un signal de force.- Le gap sert de support.
The previous high has been passed, the bullish trend is confirmed. The next target is at 468.89 p. The invalidation level is below 385.71 p.Arguments :- Prices made a new high, this confirms the strength of the trend.- Prices are breaking above the moving average, it is a sign of strength.- The gap acts as a support.
Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 468,89 p. Le niveau d'invalidation est sous 385,71 p.Arguments :- Les cours font un nouveau plus haut, ce qui témoigne de la force de la tendance.- Les prix dépassent la moyenne mobile, c'est un signal de force.- Le gap sert de support.
Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 489,20 p. Le niveau d'invalidation est sous 293,00 p.Arguments :- Le support majeur est atteint, il cause le rebond.- La résistance est dépassée.- L'objectif est proche.- Les cours font un nouveau plus haut, ce qui témoigne de la force de la tendance.- Les prix dépassent la moyenne mobile, c'est un signal de force.
The previous high has been passed, the bullish trend is confirmed. The next target is at 489.20 p. The invalidation level is below 293.00 p.Arguments :- The major support has been reached, it causes the bounce.- The resistance has been passed.- The target is close.- Prices made a new high, this confirms the strength of the trend.- Prices are breaking above the moving average, it is a sign of strength.
GKN shares are up 26% despite the firm having rejected Melrose’s proposal, which included a 24% premium on GKN shares but with a disproportionate mix of stock (80%) versus cash in the offer. GKN’s margins have been under pressure, and Melrose’s proposal letter highlighted the potential for synergies that could bring GKN’s trading margin up to previous levels articulated by GKN’s former management. GKN also confirmed that Anne Stevens, who has been serving as the interim CEO, will becom...
La tendance est toujours baissière mais elle a ralenti. Son niveau d'invalidation est au-dessus de 315,20 p. L'objectif est à 280,00 p.Arguments :- La résistance majeure est proche.- L'objectif n'est pas atteint.- La moyenne mobile sert de résistance.
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