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....
We found the 2Q16 results released by Cmc di Ravenna, Italy’s 5th-largest construction firm, encouraging although longterm issues (geographical mix, liquidity) remain.2Q16 was essentially a quarter of transition as previously delivered contracts were not yet replaced by recently won projects, expected to ramp up from 3Q. Revenue therefore tumbled by 31% yoy to €225m. In Italy (44% of sales), signs of recovery are scarce amid public authorities’ efforts to rein in deficits. Meanwhile, activ...
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