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....
FIS currently trades near recent highs relative to UAFRS-based (Uniform) Earnings, with a Uniform P/E of 21.9x. At these levels, the market is pricing in expectations for Uniform ROA to remain near current 55% levels going forward, accompanied by 5% Uniform Asset growth going forward. Analysts have similar expectations, projecting Uniform ROA to improve to 57%-58% in 2018-2019, accompanied by 10% Uniform Asset growth. However, management has concerns about their margins, initiatives, and demand,...
Parker Drilling Company (PKD:USA) currently trades near historical lows relative to UAFRS-based (Uniform) Assets, with a 0.4x Uniform P/B, implying bearish expectations for the firm. Moreover, management has concerns about profitability and their market outlook Specifically, management may have concerns about their rig in the Kurdistan region of Iraq, and may be concerned about declining revenues and margins in their U.S. Rental Tools business, driven by concerns about their medium-term outlook...
The independent financial analyst theScreener just requalified the general evaluation of PARKER DRILLING CO. (US), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date May 25, 2018, the closing p...
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