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....
The Edge View... The market has hammered BGC Partners, Inc.’s (BGCP) share price, which has declined by -34.1% in the last year compared to the NASDAQ Composite Index return of +2.3% in the same period. We believe the decline was primarily due to the short-term earnings pressure owing to recent acquisitions by the company and further accelerated by the share price plunge of its closest peer, TCAP. We believe the plunge in TCAP’s share price was due to the cost escalation because of a recent ...
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