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....
PLAYWAY (PL), a company active in the Toys industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date June 18, 2021, th...
Conferences calendar … 2 Large-cap companies news … 3Orange PL: 3Q20 results’ showing – EBITDAaL slightly ahead ofexpectations, much weaker yoy organic FCF due to lack ofproceeds from real-estate disposal; very strong net adds in Fibreand post-paid mobileOrange PL: FY2020 guidance confirmed, strategy update in 2Q21PKN Orlen: 3Q20 results revealed; Stronger adjusted EBITDAafter considering the crude oil rotation effects, superb retail andenergy segment performance, Good cash flowPGNiG: Prelimina...
Headlines Conferences calendar … 2 Large-cap companies news … 3 Lotos: Refining production slate for August revealed Cyfrowy Polsat: Sale of telco infrastructure as one of options under strategic review CD Projekt: 4,650,800 shares took up by the beneficiaries of 2016-2019 motivation program CD Projekt: Resale update; 83% of resale target achieved by Monday Small- and mid-cap companies news … 5 AB: 4Q19/20 results released – 30% yoy EPS growth (10% above expectations) coupled with positi...
The PlayWay Group (PLW) specialises in the development of mid-range and low-budget games for all platforms. PLW’s net profit increased from PLN 5.7m in 2016 to PLN 87m in 2019 as a result of a strategy focusing on the production of multiple games at a relatively low budget with an attractive concept, supporting strong diversification and minimising operational risk. Growing earnings have been coupled with an increase in the number of developer teams as well as subsidiaries and associates, growin...
Headlines Conferences calendar … 2 Large-cap companies news … 3 JSW: Operating figures for 2Q20 revealed Azoty, PuÅ‚awy, Police: 2Q20 results preview PZU: TUW unit goes in line with sales plan PKN Orlen, Lotos: Green light for the merger with Lotos to be granted today? Utilities: URE refuses G-tariff increase Investment funds: Inflows continue in June Banks: Recovery plans to happen more often Banks: Macroprudential authority lower risk weight for corporate exposures Banks: New EU Cou...
Headlines Large-cap companies news … 2 Pekao: Head of brokerage house on outlook PKN Orlen: Stock goes ex-dividend; 12M EFV adjusted accordingly Non banking lenders: Sales of loans still weak Banks: Bill for return of fees on early repaid loans to run north of PLN 1.5 billion Banks: Press on banking sector outlook Banks: Commissioner for Human rights on FX mortgage court cases Small- and mid-cap companies news … 4 Budimex: Strategic option review for the resi-development arm. Budimex: ...
Headlines Large-cap companies news … 2 PGNiG: US$ 1.5 billion compensation obtained from Gazprom Orange PL: PLN 64 million decrease in provisioning to boost 2Q20 results Tauron: Loans on renewables excluded from net debt/EBITDA covenants calculation PKO BP: Insider trading on BH bonds mBank: ‘Dziennik’ on class action lawsuit against the Bank Banks: FX litigation to be solved by state action? Banks: Pricelists to be on the rise Banks: Implementation of CRD V/CRR II package into legal or...
Headlines Large-cap companies news … 2 JSW: 2Q20 results preview PKN Orlen: Management outlook Pekao: Distribution of COSME guarantees mBank: Charges for the FX mortgage portfolio litigation to be booked in 2Q20 mBank: Commissioner for human rights joins FX mortgage borrowers in a landmark case Banks: Interest rate cuts to result in switch to riskier investments? Banks: Pressure on the bottom line to intansify Small- and mid-cap companies news … 6 Bogdanka: 2Q20 results preview Mercor...
Headlines Large-cap companies news … 2 PKN Orlen: 2Q20 results preview Azoty: No dividend from FY19 profits accepted by AGM Pekao: Departing CRO on outlook Pekao: Introduction of BGK subsidies to the offering Alior: Supervisory board reshuffles the management board Banks: ZBP on Pengab Banks: Pricing adjustment at banks Small- and mid-cap companies news … 6 11 bit studios: Analyst meeting takeaways; P8 may debut later than previously assumed KÄ™ty: Insider selling – CEO sold 2,720 KÄ™...
Headlines Conferences calendar … 2 Large-cap companies news … 3 CD Projekt: Cyberpunk 2077 debut delayed by nine weeks to November 19 PKN Orlen, Lotos: Orlen will say no to another extension of deadline for reviewing Lotos merger by EC Alior: Court annuls PFSA penalty in W Investment cases Banks: MPC discussion of impact of low IRs on the banking system Banks: PM on the banking levy Banks: Mortgage support fund still unpopular Banks: BIK data on mortgage sales – similar yoy declines in ...
Headlines Conferences calendar … 2 Large-cap companies news … 3 PGNiG: Compensation from Gazprom to arrive on July 1 LPP, CCC, VRG: PFR support Pekao: Supervisory board to select new CRO and head of audit today? Banks: Macro-prudential board on COVID19 related risks Banks: ZBP on banks’ problems Banks: Head of PFR on the banking sector consolidation Banks: Unification of approach to credit risk Funds flows: IZFiA data on mutual funds sales Small- and mid-cap companies news … 6 Eurote...
Video Games Gaming is crisis-proof* *at least in the short term Since the bottom of the market collapse in mid-March, WIG.GAMES has grown 86%, already exceeding the pre-crisis level by 12%. At the same time the WIG index increased 21% and still stays 23% off of February’s highs. The relative strength of game developers (vs wide market) seems fully warranted as we observe a positive impact of the stay-home regulations imposed in the global combat against the COVID-19 epidemic. Interestingly, s...
Headlines Large-cap companies news Azoty, PuÅ‚awy, Police: 4Q19 results revealed; Azoty’s adjusted EBITDA broadly in line with expectations, poor results of PuÅ‚awy, very good cash flow triggered by extensive us of factoring Alior: Management on outlook PKN Orlen: No changes in planned capex despite impact of COVID-19, update on acquisitions PGE: 1Q20 results publication date changed PKO BP: 1Q20 financial report to come later Banks: Unified credit vacation offering? Insurers: Impact of ...
Headlines Large-cap companies news JSW: 4Q19 results revealed; Results in line with expectations Tauron: 4Q19 preliminary figures released – EBITDA slightly above the expectations, EBIT and bottom line driven by write-off CCC: The Company’s management outlook LPP: The Company’s management outlook LPP: Insider buying PGNiG: 3.5% increase in distribution tariffs approved by URE Orange PL: Changes in the management team Cyfrowy Polsat: Insider buying Cyfrowy Polsat: Insider buying Pekao:...
Headlines Large-cap companies news PKN Orlen: FY19 results published; slight changes in comparison to the implied 1-4Q19 results PKN Orlen: PLN 3.0 dividend per share proposed by management KGHM: Management outlook following the publication of FY19 results CCC: Share issue – PLN 400-500 million; possible sale of 20-25% stake in eobuwie.pl Play: PLN 1.2 billion debt facility Eurocash: Labour shortages LPP: Insider buying Kruk: Bond issue dropped Banks: Dividends at banks at risk? Banks...
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...
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