A director at Votum S.A. bought 2,444 shares at 31.900PLN and the significance rating of the trade was 52/100. 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 years clearly sho...
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....
Headlines Conferences calendar … 2 Large-cap companies news … 3 PGE: 2Q20 results released – EBITDA in line with the preliminary showing CD Projekt: Resale update; 48.2% of resale target achieved Banks: Loosening of mortgage lending policies at banks Real-estate: Office tenants on working space plans Small- and mid-cap companies news … 5 Votum: 2Q20 results overview Netia: NN OFE above 5% threshold CI Games: SGWC2 marketing campaign launched; trailer revealed; the game will debut on De...
Headlines Conferences calendar … 2 Large-cap companies news … 3 KGHM: Production and sale volumes for May Orange PL: Social agreement with trade unions signed - basic salary increases in 2020 reduced from 3.5% to 1.0% Dino: PLN 160 million on two new distribution centres PKO BP: Return of early repaid consumer loans PZU: 1H20 financial report to come later Banks: Volume data for May Banks: BIK releases data for May sales of non-banking lenders Banks: April data shows growth in payments...
Headlines Large-cap companies news Tauron: 4Q19 figures released – EBITDA in line with the preliminary showing, bottom line pulled down by massive write-offs PKN Orlen: Main PE3 unit finished in Unipetrol PGNiG: LNG infrastructure unit in KÅ‚ajpeda operated by PGNiG PKO BP: Higher collateral in mortgage lending Kruk: Bond buyback program launched Banks: Survey among companies on impact of the epidemic Listed companies: 2 more months for releasing 1Q20 and FY19 financial reports Banks: ...
Headlines Large-cap companies news Dino: 4Q19 results released – profit lines in line with the expectations, strong OCF, yoy gross profit margin dilution Eurocash: 4Q19 results released – EBITDA excl. IFRS 16 slightly ahead of expectations, weaker yoy OCF Cyfrowy Polsat: Management outlook Lotos: Coker unit fully utilized currently? Lotos: Capex guidance PKN Orlen: Production of disinfection fluids PKO BP: Bank on individual recommendation for 50% profit retention PZU: Change at CEO and...
Headlines Large-cap companies news PKN Orlen: Drop in fuel prices to be anticipated given falling crude oil prices CD Projekt: Cyberpunk 2077 has been submitted to age rating agencies; PAP press release Santander BP: Watchdog allows for 50% payouts PKO BP: Watchdog allows for 50% payouts PKO BP: Insider buying mBank: Small dividend to be paid Banks: Coronavirus epidemy impact on banks Banks: Branch closures? Banks: Watchdog silent on its treatment of CHF agreements Cyfrowy Polsat: 4Q1...
Headlines Large-cap companies news CCC: Mediocre outlook for 1Q20. Lotos: Refining production slate for February revealed – poor production figures due to unplanned stoppages of coker unit Lotos: Expected synergies from merging with PKN? Pekao: CEO on outlook Pekao: Blackrock below 5% threshold Kruk: CEO on outlook PGNiG: Another drilling executed in Pakistan Tauron, Rafako: Jaworzno launch by the end of July Alior: Insider buying ING BSK: AGM called ING BSK: FY19 financial report co...
Headlines Large-cap companies news Tauron: PLN 914 million impairments to be recognized in FY19 financial report PKN Orlen: Production of disinfectants possible? JSW: No agreement on salary increases Banks: Fixed rate mortgage loans sales on the rise CCC: FY19 results on Friday before the session Small- and mid-cap companies news AB: 2Q19/20 results released – profits ahead of the market expectations Arctic Paper: Management outlook Agora: January’20 paid circulation data revealed by Z...
Headlines Large-cap companies news Alior: Management on outlook PKN Orlen, Lotos: Deadline for decision of EC on merger with Lotos extended to June 30 PKN Orlen: Increases in salaries accepted by management mBank, PKN Orlen: Lawsuit for reimbursement of interchange fees mBank: FY19 financial report released mBank: AGM called, profits to be unallocated JSW: Reversal of impairments of Koksownia Radlin of PLN 189.8 million JSW: New management board member PKO BP: Insider buying Kruk: Adj...
Headlines Large-cap companies news Tauron: 4Q19 results’ forecast PGNiG: Analysis of possible scenarios concerning Arbitrage against Gazprom Dino: PLN 0.1 million UOKiK penalty Pekao: CEO confirms targets PKO BP: Supervisory board resigns PZU: inPZU AuM Banks: Countersuits to have limited success? Small- and mid-cap companies news Agora: 4Q19 results’ forecast – moderate growth from high base? Enel-Med: 4Q19 financials’ forecast Bloober team: New product in Observer franchise – first...
• We are positive about stock markets. Stocks ↑ • WIG > EM > SPX > EuroStoxx • The global economic cycle is close to the inflection point. • Central banks’ policy will support risky assets. • GPW is in the ‘risk search’ phase and a wave of optimism may have a dynamic impact on multiple re-rating. • The most important topic for 2020 on the GPW will be a significant increase in the capacity of domestic investors to purchase stocks. Inflows should send valuations up. • Poland:...
• Short term: positive attitude. Shares ↑, EM>DM, WIG20WIG20 • WIG20: S-T +10%; L-T WIG20 • Our thesis is that the market is currently in an ‘unreasonably cheap’ phase and we are only just ahead of a phase of doubt, especially in the segment of small companies. • The economic cycle is already behind its peak phase. • The upcoming slowdown will be a classic recession rather than a crisis. • Poland: slowdown in growth, especially in 2H19; strong consumption maintained (although s...
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