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....
Stena AB, the family owned Swedish conglomerate, reported satisfactory results in 3Q16, albeit slightly below our expectations. Revenue decreased by 3% yoy to SEK 9.1bn largely due to lower activity in drilling (20% of 3Q16 revenue) and significantly lower tanker rates in shipping (7% of revenue) this year after last year’s high level. Adjusted EBITDA decreased by 10% yoy to SEK 3.0bn and margins...​
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