A director at MyState Limited bought 5,000 shares at 3.720AUD and the significance rating of the trade was 36/100. 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 years clearly...
Rating Action: Moody's withdraws MyState Limited's Ba1 subordinated MTN rating for business reasons. Global Credit Research- 25 Nov 2021. Sydney, November 25, 2021-- Moody's Investors Service has today withdrawn the Ba1 floating rate subordinated medium term notes rating of MyState Limited.
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....
Rating Action: Moody's assigns first-time ratings to MyState Limited. Global Credit Research- 29 Jun 2020. Sydney, June 29, 2020-- Moody's Investors Service has assigned first-time long-term issuer and short-term issuer ratings of Baa2 and Prime-2 to MyState Limited, a holding company for MyState Bank Limited-- a banking operation-- and TPT Wealth Limited-- a wealth management trustee company.
Rating Action: Moody's assigns first-time ratings to MyState Limited. Global Credit Research- 29 Jun 2020. Sydney, June 29, 2020-- Moody's Investors Service has assigned first-time long-term issuer and short-term issuer ratings of Baa2 and Prime-2 to MyState Limited, a holding company for MyState Bank Limited-- a banking operation-- and TPT Wealth Limited-- a wealth management trustee company.
No-moat-rated MyState Limited continues to grow at a fast clip with industry banking data printing a 12% increase in the bank’s home loan book for the year to March 31, 2019. Household deposits increased but at a less impressive 6% for the same period. But strong growth in a very competitive market for a lower loan/valuation ratio, or LVR, higher quality owner-occupier home loans comes at cost, with MyState suffering a sharp fall in net interest margins. Margins declined to 1.82% for first-hal...
No-moat-rated MyState Limited continues to grow at a fast clip with industry banking data printing a 12% increase in the bank’s home loan book for the year to March 31, 2019. Household deposits increased but at a less impressive 6% for the same period. But strong growth in a very competitive market for a lower loan/valuation ratio, or LVR, higher quality owner-occupier home loans comes at cost, with MyState suffering a sharp fall in net interest margins. Margins declined to 1.82% for first-hal...
No-moat-rated MyState Limited continues to grow at a fast clip with industry banking data printing a 12% increase in the bank’s home loan book for the year to March 31, 2019. Household deposits increased but at a less impressive 6% for the same period. But strong growth in a very competitive market for a lower loan/valuation ratio, or LVR, higher quality owner-occupier home loans comes at cost, with MyState suffering a sharp fall in net interest margins. Margins declined to 1.82% for first-hal...
No-moat-rated MyState Limited’s first-half fiscal 2019 cash profit of AUD 14.4 million or AUD 15.9 cents per share, cps, was down 9% on the previous corresponding period. The result revealed mixed operating metrics. A negative was the dampening of the Tasmanian bank's profitability due to pressure on net interest margin, or NIM, particularly from higher funding costs Conversely, credit quality of its loan book remains impressive. The interim fully franked dividend of AUD 14.25 cents per share ...
No-moat-rated MyState Limited’s first-half fiscal 2019 cash profit of AUD 14.4 million or AUD 15.9 cents per share, cps, was down 9% on the previous corresponding period. The result revealed mixed operating metrics. A negative was the dampening of the Tasmanian bank's profitability due to pressure on net interest margin, or NIM, particularly from higher funding costs Conversely, credit quality of its loan book remains impressive. The interim fully franked dividend of AUD 14.25 cents per share ...
No-moat-rated MyState Limited’s first-half fiscal 2019 cash profit of AUD 14.4 million or AUD 15.9 cents per share, cps, was down 9% on the previous corresponding period. The result revealed mixed operating metrics. A negative was the dampening of the Tasmanian bank's profitability due to pressure on net interest margin, or NIM, particularly from higher funding costs Conversely, credit quality of its loan book remains impressive. The interim fully franked dividend of AUD 14.25 cents per share ...
As a small regional bank, MyState’s strengths include high customer loyalty, conservative capital management, strong credit quality, and an expanding distribution network. The bank’s loan portfolio is heavily skewed to Tasmania, but is expanding outside the state through increasing broker usage, enhancing geographic diversification and reducing risk profile. The loan book is dominated by residential home loans, backed by solid retail deposit funding. We expect the bank to continue delivering...
No-moat-rated MyState Limited’s first-half fiscal 2019 cash profit of AUD 14.4 million or AUD 15.9 cents per share, cps, was down 9% on the previous corresponding period. The result revealed mixed operating metrics. A negative was the dampening of the Tasmanian bank's profitability due to pressure on net interest margin, or NIM, particularly from higher funding costs Conversely, credit quality of its loan book remains impressive. The interim fully franked dividend of AUD 14.25 cents per share ...
Our neutral view on the outlook for Tasmania-based no-moat-rated MyState is unchanged, but following recent share price weakness is trading at an attractive 12% discount to our AUD 5.00 fair value estimate. Our fiscal 2019 cash earnings forecast of AUD 33 million is unchanged, and is based on moderating loan growth, compressed but stabilised net interest margins, improving cost-efficiency, and very low bad debts. Our fair value estimate implies a fiscal 2019 price/earnings ratio of 12 times and ...
Our neutral view on the outlook for Tasmania-based no-moat-rated MyState is unchanged, but following recent share price weakness is trading at an attractive 12% discount to our AUD 5.00 fair value estimate. Our fiscal 2019 cash earnings forecast of AUD 33 million is unchanged, and is based on moderating loan growth, compressed but stabilised net interest margins, improving cost-efficiency, and very low bad debts. Our fair value estimate implies a fiscal 2019 price/earnings ratio of 12 times and ...
As a small regional bank, MyState’s strengths include high customer loyalty, conservative capital management, strong credit quality, and an expanding distribution network. The bank’s loan portfolio is heavily skewed to Tasmania, but is expanding outside the state through increasing broker usage, enhancing geographic diversification and reducing risk profile. The loan book is dominated by residential home loans, backed by solid retail deposit funding. We expect the bank to continue delivering...
Our neutral view on the outlook for Tasmania-based no-moat-rated MyState is unchanged, but following recent share price weakness is trading at an attractive 12% discount to our AUD 5.00 fair value estimate. Our fiscal 2019 cash earnings forecast of AUD 33 million is unchanged, and is based on moderating loan growth, compressed but stabilised net interest margins, improving cost-efficiency, and very low bad debts. Our fair value estimate implies a fiscal 2019 price/earnings ratio of 12 times and ...
Our neutral view on Tasmania-based no-moat-rated MyState is unchanged following our post-result management update. We reaffirm our AUD 5 fair value estimate and fiscal 2019 cash earnings forecast of AUD 33 million. Our fair value estimate implies a fiscal 2019 price/earnings ratio of 14 times and an attractive fully franked dividend yield of 5.8%, or 8.3% on a grossed-up basis. Our earnings outlook is intact, with average annual EPS growth forecast to be 4% over the five-year forecast period. At...
Our neutral view on Tasmania-based no-moat-rated MyState is unchanged following our post-result management update. We reaffirm our AUD 5 fair value estimate and fiscal 2019 cash earnings forecast of AUD 33 million. Our fair value estimate implies a fiscal 2019 price/earnings ratio of 14 times and an attractive fully franked dividend yield of 5.8%, or 8.3% on a grossed-up basis. Our earnings outlook is intact, with average annual EPS growth forecast to be 4% over the five-year forecast period. At...
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