A director at Power Corporation Of Canada bought 25,000 shares at 38.817CAD and the significance rating of the trade was 68/100. 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...
On November 22, 2022, DBRS Morningstar confirmed all ratings on POW and PWF, including POW’s Issuer Rating at “A” and PWF’s Issuer Rating at A (high). The trends on all ratings are Stable. DBRS Morningstar has also discontinued the rating on POW’s Cumulative Redeemable First Preferred Shares, 1986 Series because all outstanding shares were redeemed.
POWER CORP OF CANADA (CA), a company active in the Life Insurance industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date December 14, 2021, the closing price was C...
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....
On November 27, 2020, DBRS Morningstar confirmed POW’s Issuer Rating and Senior Debt rating at “A.” DBRS Morningstar also confirmed POW’s Non-Cumulative First Preferred Shares and Cumulative Redeemable First Preferred Shares, 1986 Series ratings at Pfd-2. All trends are Stable.
Bullish Inflections Around The World Our previous Int'l Compass (11/5/20) outlined our constructive outlook, with the caveat that $77 support needed to hold on the MSCI ACWI (ACWI-US), and that we would shift to a bullish stance on a breakout above $84. Positive COVID vaccine news has since led to bullish inflections in a staggering number of countries, ACWI-US included. Staying true to our word and considering market dynamics remain positive, our current outlook is bullish. Buy dips. · ...
On November 27, 2019, DBRS Morningstar confirmed POW’s Issuer Rating and Senior Debt rating at “A.†DBRS Morningstar also confirmed POW’s Non-Cumulative First Preferred Shares and Cumulative Redeemable First Preferred Shares, 1986 Series ratings at Pfd-2. All trends are Stable.
No-moat Power Corporation posted good first-quarter results, with market-driven gains at top-holding Power Financial and better results at Sagard contributing to a sequential net earnings per share improvement of 29%, up from $0.49 to $0.62. Although net earnings were down significantly compared with first-quarter 2018, the difference can be attributed to one-time distributions at portfolio company Sagard Europe. After removing the effect of these distributions and recent accounting changes at P...
No-moat Power Corporation posted good first-quarter results, with market-driven gains at top-holding Power Financial and better results at Sagard contributing to a sequential net earnings per share improvement of 29%, up from $0.49 to $0.62. Although net earnings were down significantly compared with first-quarter 2018, the difference can be attributed to one-time distributions at portfolio company Sagard Europe. After removing the effect of these distributions and recent accounting changes at P...
No-moat Power Corporation posted good first-quarter results, with market-driven gains at top-holding Power Financial and better results at Sagard contributing to a sequential net earnings per share improvement of 29%, up from $0.49 to $0.62. Although net earnings were down significantly compared with first-quarter 2018, the difference can be attributed to one-time distributions at portfolio company Sagard Europe. After removing the effect of these distributions and recent accounting changes at P...
Earnings growth at no-moat Power Corporation hit a snag in the fourth quarter, with its non-Power Financial holdings experiencing a CAD 20 million loss due to equity market declines. For comparison, these holdings had positive adjusted net earnings of CAD 139 million in the third quarter. For the year, earnings were down over 8%, with the losses of non-Power Financial holdings including Sagard and China AMC mitigated by moderate annual growth at Power Financial. Even still, earnings at Power Fin...
Earnings growth at no-moat Power Corporation hit a snag in the fourth quarter, with its non-Power Financial holdings experiencing a CAD 20 million loss due to equity market declines. For comparison, these holdings had positive adjusted net earnings of CAD 139 million in the third quarter. For the year, earnings were down over 8%, with the losses of non-Power Financial holdings including Sagard and China AMC mitigated by moderate annual growth at Power Financial. Even still, earnings at Power Fin...
Earnings growth at no-moat Power Corporation hit a snag in the fourth quarter, with its non-Power Financial holdings experiencing a CAD 20 million loss due to equity market declines. For comparison, these holdings had positive adjusted net earnings of CAD 139 million in the third quarter. For the year, earnings were down over 8%, with the losses of non-Power Financial holdings including Sagard and China AMC mitigated by moderate annual growth at Power Financial. Even still, earnings at Power Fin...
Power Corp. is a holding company that derives most of its value from its ownership stakes in Power Financial, which is itself a holding company deriving nearly all its profits from holdings in Great-West Lifeco and narrow-moat IGM Financial. Power Corp. also holds interests in Sagard and other investments. Power Corp. is majority controlled by the Desmarais Family Residuary Trust.Great-West, one of the big three Canadian life insurers, competes primarily with Sun Life and Manulife. We believe Gr...
For the third quarter, Power Corporation reported net earnings of CAD 186 million compared with CAD 470 million last year, with the fall-off due to some one-time charges and losses at Sagard. We will maintain our CAD 34 fair value estimate and no-moat rating. Great-West’s third-quarter results showed the company continuing to build on already strong returns. Annualized adjusted return on equity of 14.7% for the quarter marked a modest improvement year over year and sequentially. Overall, the b...
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