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....
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
TZ’s revenue for Q315 almost doubled year-on-year to A$2.5m on the back of strong PAD performance. Although growth was impressive, stronger performance will be required in Q4 to meet management’s FY15 revenue guidance of A$18m-20m. The pipeline is healthy, with a A$3m order backlog, and Q4 is the strongest quarter so this is achievable provided some of the opportunities in the pipeline are converted and deployed by the year end.
TZ has had a strong H115 with revenue up 131% y-o-y, primarily driven by the PAD division, which successfully rolled out 100 lockers for Singapore Post. IXP’s H1 performance was weaker than expected and down 20% y-o-y, but management attributes this to the timing of roll-outs rather than demand problems. PAD pipeline remains strong with multiple postal and corporate opportunities and the recently announced A$8m share issue provides much needed funding for working capital and balance sheet str...
TZ has just completed a A$1m placing to provide additional working capital to fund growth. This follows a recent upgrade to FY15 revenue guidance from A$15m to between A$18m and A$20m. A new order for employee day lockers in Westpac’s Barangaroo offices is expected to contribute significantly to this uplift. We estimate that this contract alone could contribute c A$2.4m to revenues and further upside could come from the recently announced Hills order and potential distribution agreement for Ou...
After a major restructure and rebuilding of the business in 2009, TZ seems to be turning the corner. There is strong growth in both its infrastructure protection (IXP) and packaged asset delivery (PAD) divisions, and with operational leverage, numerous significant contract opportunities and potential to license its technology to third parties there are many reasons to be optimistic. The timing and value of contracts are difficult to predict, but given the expanded roll-out potential with its alr...
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