A director at Aristocrat Leisure Limited sold 82,374 shares at 52.905AUD and the significance rating of the trade was 71/100. 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 ye...
The general evaluation of ARISTOCRAT LEISURE (AU), a company active in the Gambling industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date October 22, 2021, the closing price was AU...
Aristocrat Leisure aims to raise around US$1bn (A$1.3bn) via a renounceable entitlement offer to partly fund its acquisition of Playtech plc for a total enterprise value of around A$5bn. Past deals undertaken by Aristocrat have generally done well and the stock has a good track record. In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
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....
Global Equities Dive, Testing Major Support Global equities have gone from extreme bullish sentiment and an extended market to panic and fear over coronavirus concerns. It is virtually impossible to predict what will happen regarding the virus or how much further markets could sell off as a result. Below we explain our outlook based on what we do know, which has been dampened but is not yet dire. • Indexes Testing Major Support. Major indexes are testing long-term base support and/or support...
Overweight Global Technology & Industrials The absence of breakdowns in both the US dollar (DXY) and the MSCI EAFE vs. EM ratio along with the positive correlation between the two allows us to continue sticking with EAFE over EM... see charts below. As long as the DXY's uptrend remains intact, we expect EAFE to continue outperforming EM. Below we highlight attractive and actionable themes within developed int'l markets: • Technology and Industrial Manufacturing. Technology and Industrials ...
Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral o...
Narrow-moat Aristocrat Leisure’s strong momentum in North America shows no signs of slowing. This was evidenced by the solid market share gains achieved in the (leased) gaming operations and outright unit sales categories, in the first half of fiscal 2019. The firm reported a 17% increase in interim earnings per share (pre-amortisation), or EPSA, to AUD 66.2 cents. However, part of this growth reflected the translation benefit of the weaker Australian dollar. Excluding the currency tailwind, E...
Narrow-moat Aristocrat Leisure’s strong momentum in North America shows no signs of slowing. This was evidenced by the solid market share gains achieved in the (leased) gaming operations and outright unit sales categories, in the first half of fiscal 2019. The firm reported a 17% increase in interim earnings per share (pre-amortisation), or EPSA, to AUD 66.2 cents. However, part of this growth reflected the translation benefit of the weaker Australian dollar. Excluding the currency tailwind, E...
Narrow-moat Aristocrat Leisure’s strong momentum in North America shows no signs of slowing. This was evidenced by the solid market share gains achieved in the (leased) gaming operations and outright unit sales categories, in the first half of fiscal 2019. The firm reported a 17% increase in interim earnings per share (pre-amortisation), or EPSA, to AUD 66.2 cents. However, part of this growth reflected the translation benefit of the weaker Australian dollar. Excluding the currency tailwind, E...
We raise our fair value estimate for Aristocrat Leisure by 4% to AUD 24.50 per share, to reflect the translation benefit of the lower Australian dollar relative to the U.S. dollar, and time value of money. We have adjusted our currency assumptions to AUD/USD 0.71 from 0.73 for the next five years and given most group earnings are generated in U.S. dollars, the impact on our earnings forecasts is notable. The lower Australian dollar increases our EPS forecasts by around 3%, although this is parti...
We raise our fair value estimate for Aristocrat Leisure by 4% to AUD 24.50 per share, to reflect the translation benefit of the lower Australian dollar relative to the U.S. dollar, and time value of money. We have adjusted our currency assumptions to AUD/USD 0.71 from 0.73 for the next five years and given most group earnings are generated in U.S. dollars, the impact on our earnings forecasts is notable. The lower Australian dollar increases our EPS forecasts by around 3%, although this is parti...
Aristocrat Leisure has many positive attributes, including a global portfolio of licences to manufacture electronic gaming machines and develop gaming content, a broad suite of products, and strong intellectual property built up since the 1950s. However, the investment case is not without risks, with intense competition and susceptibility to swings in game popularity, gambler taste, customer venue finances, and regulatory regimes all having the potential to substantially affect earnings. There a...
We raise our fair value estimate for Aristocrat Leisure by 4% to AUD 24.50 per share, to reflect the translation benefit of the lower Australian dollar relative to the U.S. dollar, and time value of money. We have adjusted our currency assumptions to AUD/USD 0.71 from 0.73 for the next five years and given most group earnings are generated in U.S. dollars, the impact on our earnings forecasts is notable. The lower Australian dollar increases our EPS forecasts by around 3%, although this is parti...
Narrow-moat rated Aristocrat Leisure delivered strong earnings growth during fiscal 2018, after receiving a boost from the recently acquired digital game firms Plarium and Big Fish. Normalised net profit after tax (pre-amortisation of acquired intangibles) rose by 34% on last year, to AUD 730 million, albeit in line with our expectations. The digital segment did a lot of the heavy lifting, and if excluded we estimate earnings would’ve grown by approximately 13%. The board declared a final divi...
Narrow-moat rated Aristocrat Leisure delivered strong earnings growth during fiscal 2018, after receiving a boost from the recently acquired digital game firms Plarium and Big Fish. Normalised net profit after tax (pre-amortisation of acquired intangibles) rose by 34% on last year, to AUD 730 million, albeit in line with our expectations. The digital segment did a lot of the heavy lifting, and if excluded we estimate earnings would’ve grown by approximately 13%. The board declared a final divi...
Narrow-moat rated Aristocrat Leisure delivered strong earnings growth during fiscal 2018, after receiving a boost from the recently acquired digital game firms Plarium and Big Fish. Normalised net profit after tax (pre-amortisation of acquired intangibles) rose by 34% on last year, to AUD 730 million, albeit in line with our expectations. The digital segment did a lot of the heavy lifting, and if excluded we estimate earnings would’ve grown by approximately 13%. The board declared a final divi...
Narrow-moat rated Aristocrat Leisure delivered strong earnings growth during fiscal 2018, after receiving a boost from the recently acquired digital game firms Plarium and Big Fish. Normalised net profit after tax (pre-amortisation of acquired intangibles) rose by 34% on last year, to AUD 730 million, albeit in line with our expectations. The digital segment did a lot of the heavy lifting, and if excluded we estimate earnings would’ve grown by approximately 13%. The board declared a final divi...
Giving Back Reporting Season Gains. Hitting Valuation Ceilings. Financials Under Pressure. The sell-off caused declines in short-positioning. Underperformance provides a little more valuation support. Domestic Economy Tracking In-Line with Our Expectations.
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