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 general evaluation of COCA-COLA AMATIL (AU), a company active in the Soft Drinks 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 defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date December 22, 2020, the closing price was AUD 12.85 and it...
Two Directors at Coca-Cola Amatil Limited bought/maiden bought 24,800 shares at between 9.272AUD and 9.279AUD. The significance rating of the trade was 61/100. 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 compan...
Coca-Cola Amatil’s sale price for its SPC food business trails our prior expectations but the deal is too small to impact our valuation. We maintain our AUD 8.90 per share fair value estimate for the narrow-moat firm, which is now more focused and profitable. Amatil agreed to sell SPC to Shepparton Partners Collective, a joint venture between Perma Funds Management and private investment firm The Eights for AUD 40 million. Amatil is also eligible for up to AUD 15 million in deferred payment a...
Coca-Cola Amatil’s sale price for its SPC food business trails our prior expectations but the deal is too small to impact our valuation. We maintain our AUD 8.90 per share fair value estimate for the narrow-moat firm, which is now more focused and profitable. Amatil agreed to sell SPC to Shepparton Partners Collective, a joint venture between Perma Funds Management and private investment firm The Eights for AUD 40 million. Amatil is also eligible for up to AUD 15 million in deferred payment af...
Narrow-moat Coca-Cola Amatil’s full-year results highlighted areas of both challenges and successes. Its core Australian beverages business remained pressured by headwinds from container deposit schemes, competitive pricing responses in water, and ongoing investments to drive growth. We’re encouraged these investments and price cuts appear to be generating positive volume response and market share gains but expect the Australian business to again face falling EBIT in 2019 as further sales, m...
Coca-Cola Amatil enjoys brand intangible assets and a cost advantage that affords it a narrow economic moat. But the firm is facing headwinds in its core Australian soft drink market from consumers’ shifting demand patterns, with an increasing focus on health and wellness driving down purchases of carbonated beverages--Amatil’s main product offering. While we’re encouraged by the firm’s cost control, plans to launch smaller package sizes at higher prices per litre, and an increasing line...
Narrow-moat Coca-Cola Amatil’s full-year results highlighted areas of both challenges and successes. Its core Australian beverages business remained pressured by headwinds from container deposit schemes, competitive pricing responses in water, and ongoing investments to drive growth. We’re encouraged these investments and price cuts appear to be generating positive volume response and market share gains but expect the Australian business to again face falling EBIT in 2019 as further sales, m...
Narrow-moat Coca-Cola Amatil’s 2018 analyst day echoed the themes of last year's event: continued challenging conditions in Australia due to consumer health concerns and competitive pricing, necessitating accelerated investments; tough Indonesian trading conditions; offsetting positive factors in New Zealand, and the alcohol and coffee segment. While we're encouraged that management remains committed to its medium-term target of mid-single-digit EPS growth, the path to this performance will ag...
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 ...
We expect 2019 will be challenging. The risks for the domestic economy seem skewed to the downside. An Election Year with a change of Government Likely. Accumulate, but Don’t Over-pay for Defendable Earnings. Private equity bids for NVT and TME have forced us to remove these stocks from the portfolio and we take profit in these names. We think bond yields are past their peak for now and have been gradually building positions in property.
Narrow-moat Coca-Cola Amatil’s 2018 analyst day echoed the themes of last year's event: continued challenging conditions in Australia due to consumer health concerns and competitive pricing, necessitating accelerated investments; tough Indonesian trading conditions; offsetting positive factors in New Zealand, and the alcohol and coffee segment. While we're encouraged that management remains committed to its medium-term target of mid-single-digit EPS growth, the path to this performance will ag...
Narrow-moat Coca-Cola Amatil’s 2018 analyst day echoed the themes of last year's event: continued challenging conditions in Australia due to consumer health concerns and competitive pricing, necessitating accelerated investments; tough Indonesian trading conditions; offsetting positive factors in New Zealand, and the alcohol and coffee segment. While we're encouraged that management remains committed to its medium-term target of mid-single-digit EPS growth, the path to this performance will ag...
Narrow-moat Coca-Cola Amatil’s 2018 analyst day echoed the themes of last year's event: continued challenging conditions in Australia due to consumer health concerns and competitive pricing, necessitating accelerated investments; tough Indonesian trading conditions; offsetting positive factors in New Zealand, and the alcohol and coffee segment. While we're encouraged that management remains committed to its medium-term target of mid-single-digit EPS growth, the path to this performance will ag...
There was a lot to like in narrow-moat Coca-Cola Amatil's first-half result. The firm enjoyed substantially reduced volume declines in its core Australian beverages business, continued solid gains in alcohol and coffee, and had strong results in New Zealand and Fiji. However, Amatil's Indonesian challenges continued, and despite solid segment profitability, we're less confident the business can quickly rebound to growth. Along with a return to losses in the SPC food business, the company reporte...
There was a lot to like in narrow-moat Coca-Cola Amatil's first-half result. The firm enjoyed substantially reduced volume declines in its core Australian beverages business, continued solid gains in alcohol and coffee, and had strong results in New Zealand and Fiji. However, Amatil's Indonesian challenges continued, and despite solid segment profitability, we're less confident the business can quickly rebound to growth. Along with a return to losses in the SPC food business, the company reporte...
There was a lot to like in narrow-moat Coca-Cola Amatil's first-half result. The firm enjoyed substantially reduced volume declines in its core Australian beverages business, continued solid gains in alcohol and coffee, and had strong results in New Zealand and Fiji. However, Amatil's Indonesian challenges continued, and despite solid segment profitability, we're less confident the business can quickly rebound to growth. Along with a return to losses in the SPC food business, the company reporte...
There was a lot to like in narrow-moat Coca-Cola Amatil's first-half result. The firm enjoyed substantially reduced volume declines in its core Australian beverages business, continued solid gains in alcohol and coffee, and had strong results in New Zealand and Fiji. However, Amatil's Indonesian challenges continued, and despite solid segment profitability, we're less confident the business can quickly rebound to growth. Along with a return to losses in the SPC food business, the company reporte...
Australians are drinking fewer soft drinks, and we expect this trend to continue. We see consumption falling at 3% to 4% annually for carbonated beverages, and narrow-moat Coca-Cola Amatil will likely experience its fair share of this pain as the market leader. Despite growth from a push into noncarbonated beverages such as juice and bottled water, we forecast volumes in the firm's Australian segment falling at a 0.2% annual clip over the next five years. However, this trend isn't new. Soft drin...
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