Brazilian antitrust body, CADE, yesterday approved the Oi sale process. For (UK) football fans, it was briefly reminiscent of Liverpool’s heroic CL comeback in Istanbul in 2005 – Oi and the industry were 3-0 down in votes, and the stocks wobbled, before rallying to a 3-3 vote with the deciding vote in favour going to the CADE President.
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....
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
The independent financial analyst theScreener just slightly lowered the general evaluation of TIM PARTICIPACOES SA (BR), active in the Mobile Telecommunications industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date...
June 15th should be a pretty key date for Oi and the Brazilian telco landscape. It's the rescheduled release for Oi's Q1 results and set to coincide with the filing of its Plan amendment docs for the General Creditor Meeting (GCM).
Coronavirus has come to LatAm slightly later than Asia, Europe or the US. Although usage has picked up, it’s early days and the story is mixed across the continent: some moves akin to Europe (+40% fixed data) but less significant shifts in Brazil for example (despite 2+ weeks of lockdown).
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