A director at Open Text Corporation sold 250,000 shares at 39.315CAD and the significance rating of the trade was 79/100. 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 ...
Moody's Investors Service ("Moody's") assigned a Ba1 rating to Open Text Corp.'s ("Open Text") proposed senior secured term loan being issued in conjunction with the company's pending acquisition of Micro Focus International plc ("Micro Focus"). Open Text's existing credit ratings, including its Ba1...
The independent financial analyst theScreener just lowered the general evaluation of OPEN TEXT CORP (CA), active in the Software industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 8, 2021, the closing price was CAD 61.33 and it...
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....
Credit markets are slightly understating credit risk, with cash bond YTW of 1.867% relative to an Intrinsic YTW of 2.397% and an Intrinsic CDS of 153bps. Meanwhile, Moody's is overstating the firm's fundamental credit risk, with its speculative Ba1 credit rating two notches lower than Valens' IG4 (Baa2) credit rating Incentives Dictate Behavior™ analysis for OTEX's management compensation framework highlights mixed signals for credit holders. Management is incentivized to focus on revenue growt...
Current market expectations for AYI are overly pessimistic. Markets expect UAFRS-based ROA (Uniform ROA or ROA') to drop to levels not seen since 2009-2011. The market is not recognizing how Acuity Brands is positioned to be a leader in the adoption of the Internet of Things, and that points to strong secular demand tailwinds, and premium returns. While the market is pricing the company for declines, it appears positioned to see a ramp in profitability, just as it had 10 years ago when it led ...
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