GRUPA AZOTY SA (PL), a company active in the Speciality Chemicals industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 25, 2022, the closing price was PLN 43.76 and its pote...
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....
Grupa Azoty’s business environment at the moment is being undercut by high prices of natural gas, which have already overtaken other world benchmarks, driven by depleted EU reserves as the region enters a spell of freezing weather. Adding to the pressure is an increasing global fertilizer supply, led by China, which markedly boosted its exports in the second half of 2020; as a consequence fertilizer markets have been trading low even as grain markets continue to rally. After likely contraction i...
Conferences calendar … 2 Large-cap companies news … 3Play: Illiad to sell 60% of Play’s towers for Euro 804 million?Eurocash: 3Q20 results’ forecasts – no surprises expected - flatyoy adj EBITDA awaitedKGHM: Production and sale volumes for SeptemberPekao: CEO on outlookAzoty: CEO and CFO dismissedmBank: New CRO and supervisory board memberING BSK: Exit from cooperation with SkarbiecNon-banking lender: Situation at non-banking lenders Small- and mid-cap companies news … 9LSI Software: 3Q20 prel...
Headlines Large-cap companies news … 2 PGNiG: Increase in natural gas production target in Norway PKN Orlen, Energa: Plans to delist Energa, tender offer for 100% Energa shares for PLN 8.35 per share announced JSW: TSI hard coal benchmark reaches US$ 132 per tonne Azoty: European Commission delists fertilizer industry from sectors entitled for energy compensation CCC: Huge provisions/write-offs in 2H20, above expectations CD Projekt: Resale update; 79% of resale target achieved by Thursda...
Headlines Conferences calendar … 2 Large-cap companies news … 3 JSW: Operating figures for 2Q20 revealed Azoty, PuÅ‚awy, Police: 2Q20 results preview PZU: TUW unit goes in line with sales plan PKN Orlen, Lotos: Green light for the merger with Lotos to be granted today? Utilities: URE refuses G-tariff increase Investment funds: Inflows continue in June Banks: Recovery plans to happen more often Banks: Macroprudential authority lower risk weight for corporate exposures Banks: New EU Cou...
Headlines Large-cap companies news … 2 PKN Orlen: 2Q20 results preview Azoty: No dividend from FY19 profits accepted by AGM Pekao: Departing CRO on outlook Pekao: Introduction of BGK subsidies to the offering Alior: Supervisory board reshuffles the management board Banks: ZBP on Pengab Banks: Pricing adjustment at banks Small- and mid-cap companies news … 6 11 bit studios: Analyst meeting takeaways; P8 may debut later than previously assumed KÄ™ty: Insider selling – CEO sold 2,720 KÄ™...
Headlines Conferences calendar … 2 Large-cap companies news … 3 LPP: 1Q20/21 operating results in line with preliminary figures, NL higher than expected PGNiG: PLN 0.09 per share dividend from FY19 profits accepted by AGM Azoty: New supervisory board member CD Projekt: Management recommends no dividend payout CCC: 1H20 results on September 9 Santander BP: Court annuls FX mortgage agreement Alior: Non financial report available Millennium: First mortgage bonds issue to come in 2021 mBa...
Headlines Conferences calendar … 2 Large-cap companies news … 3 Grupa Azoty: Management outlook PGNiG: 10.6% decrease of gas price in new retail tariff to be in force in 2H20 Play: UOKiK’s consent to acquire Virgin Mobile Polska Eurocash: Group layoffs up to 1k during the next 2 years Tauron: Supervisory board member resignation Tauron, PGNIG: Exclusive talks on Tauron CiepÅ‚o disposal with PGNIG Pekao: New CRO selected Pekao: Non-financial information report released PKO BP: CEO on o...
ï‚§ AT: Kapsch TrafficCom - Preliminary FY 19/20 burdened by Zambian impairments and software cost overruns (negative) ï‚§ AT: Wienerberger - Solid preliminary key figures for 1Q 20 reported, update on markets and liquidity (neutral) ï‚§ CZ: Moneta Money Bank - Cancelling AGM on short notice (neutral) ï‚§ HU: Wizz Air - Wizz Air eligible issuer under UK Covid Corporate Financing Facility (positive) ï‚§ PL: Grupa Azoty - Interview with the CEO, fertilisers resilient to covid, plastics weaker, che...
AT: Verbund - Michael Strugl to succeed Wolfgang Anzengruber as CEO, press (neutral) â—¾AT: Verbund - Verbund shut down its last coal-fired power plant (positive) â—¾PL: Banks - Lower risk weights for FX mortgage to be proposed soon (neutral) â—¾PL: Banks - PKO BP's CEO expects for the whole banking sector rising provisioning by PLN 10-20 bn over next quarters (neutral) â—¾PL: Banks - Weak PLN triggers inflow of lawsuits of FX mortgage borrowers (negative) â—¾PL: Grupa Azoty - Rainfall shortages...
The impact of the coronavirus crisis on the European fertilizer market will be fairly limited in our view, however the losses to the sectors of chemicals and plastics are likely to be more substantial. For Azoty's Fertilizer business, FY2020 prospects are boosted by low costs of gas, down an estimated 40% from last year, combined with one-time state compensation for high 2019 electricity costs, estimated at PLN 70-80m – factors which might drive segmental EBITDA 2% higher over the year-ago figur...
ï‚§ AT: Atrium - Postpones AGM by one week to April 23 (neutral) ï‚§ AT: CA Immo - CA Immo postpones AGM to August 25 (neutral) ï‚§ AT: Flughafen Wien - Austrian Airlines likely to undergo restructuring (negative) ï‚§ AT: Mayr-Melnhof - Company lowers DPS proposal to flat EUR 3.20 from initial EUR 3.60 (negative) ï‚§ AT: OMV - 1Q 20 operating results come broadly in line with our expectations with lower qoq crude output, but better refining and petchem margins (neutral) ï‚§ HU: Gedeon Richter - ...
Headlines Large-cap companies news Azoty, PuÅ‚awy, Police: 4Q19 results revealed; Azoty’s adjusted EBITDA broadly in line with expectations, poor results of PuÅ‚awy, very good cash flow triggered by extensive us of factoring Alior: Management on outlook PKN Orlen: No changes in planned capex despite impact of COVID-19, update on acquisitions PGE: 1Q20 results publication date changed PKO BP: 1Q20 financial report to come later Banks: Unified credit vacation offering? Insurers: Impact of ...
Event: 4Q19 results revealed; Azoty’s adjusted EBITDA broadly in line with expectations, poor results of PuÅ‚awy, very good cash flow triggered by extensive us of factoring. Today before the session Azoty, PuÅ‚awy and Police published its 4Q19 financial report.
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