A director at Indeks Bilgisayar Sistemleri Muhendislik Sanayi Ve Ticaret A.S sold 425,000 shares at 20.400TRY and the significance rating of the trade was 50/100. 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 com...
Main takeaways from meeting with INDES • We made a conference call with Indeks Bilgisayar to discuss existing operations and near to long term outlook of the Company. • A brief info… Indeks Bilgisayar imports and distributes personal computers, servers, computer hardware, computer software, and networking products through dealers in Turkey. The Company has 7 subsidiaries, each operating in different technology products fields. Nevres Erol Bilecik 32.3%, Desbil Teknolojik Urunleri Tic. A.S has...
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....
This analysis by GLOBAL Securities is presented to you by Raiffeisen Centrobank AG. Raiffeisen Centrobank AG acts solely as a distributor of this analysis and has not introduced any material changes to the content of this analysis or any recommendation included herein. Turkey - INDES Earnings Review, 10th March INDES posted TL39mn net income in 4Q19, above our estimate of TL33mn. Better than expected net income was mainly attributable to slightly higher than expected revenues and EBITDA margi...
Indeks Bilgisayar reported a net income of TL17.2mn in 3Q19 (2Q19: TL17.9mn, 3Q18: TL16.3mn), in line (BGC: 16.4mn)... In 3Q19, it was a slightly weaker quarter than 2Q19 as expected, due mainly to on-going difficulties on Datagate front (despite the new region) and weaker seasonality.
Negative impact of SCT increase on smartphone purchases on 1st of May (from 25% to 40-50%), postponed elections, currency volatility and related price increases have affected the performance of fully consolidated subsidiary Datagate negatively. However, the business was relatively stable on the PC, server, storage and other IT products front.
Indeks Bilgisayar reported a net income of TL18.2mn in 1Q19 (4Q18: TL74.7mn, 1Q18: TL16.6mn), better (BGC: TL12.5mn)... As expected, Indeks’ top line has been negatively affected by Datagate’s performance on a y/y basis; however, the company had stable margins despite challenges
Datagate's revenue loss due to TT's imposition of stricter rules for contracted phone sales has had a negative impact on Indeks' 1Q results. The company will pay a cash dividend of TRY63m (9.9% yield) starting 29 May. We cut our DCF-based TP by 16% to TRY15.83. With 46% upside to our TP, we maintain our BUY rating.
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