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....
A director at Zayo Group Holdings Inc sold 9,600 shares at 34.640USD 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 ...
The independent financial analyst theScreener just lowered the general evaluation of ZAYO GROUP HDG.INCO. (US), active in the Integrated Telecommunications industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date October 29, 2019, the closing price was USD 3...
Zayo's strategy has been to collect a large portfolio of fiber assets, which allow it to provide the infrastructure necessary to enable society's surge in data consumption. It has about 130,000 route miles of long haul, regional, and metro fiber throughout North America and Europe that connects to data centers, central offices, cell towers, and other enterprise buildings. To build its asset base, Zayo has relied heavily on acquisitions, completing 45 deals since 2007, mostly smaller in nature. H...
After months of speculation that potential buyers were lurking, and management's disclosure two months ago that it was evaluating strategic alternatives, Zayo announced on May 8, 2019, that it had agreed to be taken private by Digital Colony Partners and the EQT Infrastructure IV fund. Although we thought Zayo had more value to a strategic buyer, it is not surprising to see it go to an infrastructure fund, given recent chatter, a dearth of strategic buyers that made sense, and high levels of rec...
After months of speculation that potential buyers were lurking, and management's disclosure two months ago that it was evaluating strategic alternatives, Zayo announced on May 8, 2019, that it had agreed to be taken private by Digital Colony Partners and the EQT Infrastructure IV fund. Although we thought Zayo had more value to a strategic buyer, it is not surprising to see it go to an infrastructure fund, given recent chatter, a dearth of strategic buyers that made sense, and high levels of rec...
After months of speculation that potential buyers were lurking, and management's disclosure two months ago that it was evaluating strategic alternatives, Zayo announced on May 8, 2019, that it had agreed to be taken private by Digital Colony Partners and the EQT Infrastructure IV fund. Although we thought Zayo had more value to a strategic buyer, it is not surprising to see it go to an infrastructure fund, given recent chatter, a dearth of strategic buyers that made sense, and high levels of rec...
AAPL currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.5x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to continue to decline from 59% in 2018 to 18% in 2023, accompanied by 17% Uniform Asset growth going forward. However, analysts have less bearish expectations, projecting Uniform ROA to only decline to 46% by 2020, accompanied by 8% Uniform Asset growth. Moreover, management is confident about their Services s...
Zayo Group Holdings, Inc. (ZAYO:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 28.0x Uniform P/E, implying bearish expectations for the firm. Furthermore, management may have concerns about sales force productivity, EnterpriseCo spinoff delays, and network business customer churn. Specifically, management may lack confidence in long haul route investments, and their ability to improve sales force productivity, specifically in their colo business....
JNJ currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 17.0x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to compress from 18% in 2017 to 15% in 2022, accompanied by 2% Uniform Asset growth going forward. However, analysts have bullish expectations, projecting Uniform ROA to expand to 19% by 2019, accompanied by 2% Uniform Asset growth. Moreover, management is confident about new anti-depressant treatments, long-term in...
No-moat Zayo's fiscal second-quarter revenue and EBITDA margins were in line with our forecast. The bigger highlight, however, was the revelation and subsequent confusion regarding the reversal of the previously disclosed decision to split the company and management's new plan to reorganize its reporting segments. We wouldn't be surprised if the vacillation has caused investors angst, but we are heartened that it is not coming on the back of poor performance. To the contrary, results were fine, ...
No-moat Zayo's fiscal second-quarter revenue and EBITDA margins were in line with our forecast. The bigger highlight, however, was the revelation and subsequent confusion regarding the reversal of the previously disclosed decision to split the company and management's new plan to reorganize its reporting segments. We wouldn't be surprised if the vacillation has caused investors angst, but we are heartened that it is not coming on the back of poor performance. To the contrary, results were fine, ...
No-moat Zayo's fiscal second-quarter revenue and EBITDA margins were in line with our forecast. The bigger highlight, however, was the revelation and subsequent confusion regarding the reversal of the previously disclosed decision to split the company and management's new plan to reorganize its reporting segments. We wouldn't be surprised if the vacillation has caused investors angst, but we are heartened that it is not coming on the back of poor performance. To the contrary, results were fine, ...
We are initiating coverage on Zayo with a no-moat rating, stable trend, and fair value estimate of $28, implying an EV/EBITDA multiple of 11 based on our 2019 forecast. Though Zayo should benefit from industry tailwinds, we are not convinced it has a competitive advantage that would make the stock attractive at current levels, despite the large recent decline. Zayo's strategy has been to collect a large portfolio of fiber assets, which allow it to provide the infrastructure necessary to enable ...
We are initiating coverage on Zayo with a no-moat rating, stable trend, and fair value estimate of $28, implying an EV/EBITDA multiple of 11 based on our 2019 forecast. Though Zayo should benefit from industry tailwinds, we are not convinced it has a competitive advantage that would make the stock attractive at current levels, despite the large recent decline. Zayo's strategy has been to collect a large portfolio of fiber assets, which allow it to provide the infrastructure necessary to enable ...
We are initiating coverage on Zayo with a no-moat rating, stable trend, and fair value estimate of $28, implying an EV/EBITDA multiple of 11 based on our 2019 forecast. Though Zayo should benefit from industry tailwinds, we are not convinced it has a competitive advantage that would make the stock attractive at current levels, despite the large recent decline. Zayo's strategy has been to collect a large portfolio of fiber assets, which allow it to provide the infrastructure necessary to enable s...
Zayo's strategy has been to collect a large portfolio of fiber assets, which allow it to provide the infrastructure necessary to enable society's surge in data consumption. It has about 130,000 route miles of long haul, regional, and metro fiber throughout North America and Europe that connects to data centers, central offices, cell towers, and other enterprise buildings. To build its asset base, Zayo has relied heavily on acquisitions, completing 45 deals since 2007, mostly smaller in nature. H...
BOULDER, Colo.--(BUSINESS WIRE)-- Zayo Group Holdings, Inc. (NYSE: ZAYO) announced today that executives from the company will attend four investor conferences in May. The links to the live webcasts for the conferences will be made available through the Investor Relations section of the Company’s website at: http://investors.zayo.com. Jack Waters, CTO & President, Fiber Solutions, will present at the MoffettNathanson Media & Communications Summit at the Parker Hotel in New York on Tuesday, May 15, 2018. The presentation will be webc...
BOULDER, Colo.--(BUSINESS WIRE)-- Spread Networks by Zayo (NYSE: ZAYO) today announced upgrades to an ultra-low latency route between 755 Secaucus Road in Secaucus, N.J. (NY4) and 1400 Federal Blvd. in Carteret, N.J. (NY11). The 5Gbps wireless solution provides an improved latency of 90.065us between cabinet demarcation points. At a line rate of 5Gbps, a 64 byte packet is now processed in 100 nanoseconds, five times faster than competing wireless systems. The route also has approximately five times the bandwidth of a typical ...
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