A director at Ronson Development SE bought 57,225 shares at 2.490PLN and the significance rating of the trade was 53/100. 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 ...
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....
Headlines Conferences calendar … 2 Large-cap companies news … 3 PKO BP: Buyback in the cards? PKN: Tender for construction of hydrogene hub in Wloclawek CD Projekt: Resale update; 35.2% of resale target achieved Banks: KBS cooperative restructuring drags Small- and mid-cap companies news … 4 Famur: Bid for Primetech completed Mercor: Buyback continues Ronson: Buyback continues OEX: Insider buying Poland: capital market calendar … 6 DM BOŚ Coverage Universe … 10
Headlines Conferences calendar … 2 Large-cap companies news … 3 PGNiG: US$ 1.5 billion of compensation from Gazprom returned to PGNiG Dino: Agreement with Krot Invest prolonged for a next 5 years period PKN Orlen: 2Q20 publication date changed Lotos: PLN 1.0 per share dividend from FY19 profits accepted by AGM JSW: No dividend from FY19 profits accepted by AGM Pekao: New head of PR PKO BP: Insurance premium expected to grow by 1.5 billion in 5 year business plan Alior: Restructuring pr...
Headlines Conferences calendar … 2 Large-cap companies news … 3 KGHM: AGM accepts no dividend payment from FY19 profits ING BSK: Wider audience for accounting portal Banks: The senate tightens credit vacation proposals Banks: Press on deterioration of profitability in the sector Banks: Press on efforts to work out common approach to provisions Banks: Online conference on impact of coronavirus on banks Asset managers: PPK rollout in phase 2 to come in more demanding environment Small- a...
Polish Equities Monthly: July 2020 Worlds apart Nasdaq Composite at its all-time high (and +11.7% ytd) and S&P500 a tad in the positive territory from the ytd RoR perspective – that was the world of the stock market just a few days ago. It hardly reconciled not only with realistic, in our view, scenarios for the economic recovery (discussed in our previous Monthly research report, 6/2020/MR(59), dated May 19), but also with the mathematics of changes in the U.S. earnings expectations (the abru...
Headlines Conferences calendar … 2 Large-cap companies news … 3 PGNiG: 1Q20 results revealed; Results in line with the preliminary figures published earlier, total hedging gains amounted to PLN 1.025 billion (not PLN 819 million), stronger than expected cash flows ING BSK: Impact of further interest rate cuts mBank: Insiders acquiring shares in an incentive program Alior: Share sale agreement closed Alior: Press on Ruch restructuring Lotos: Supervisory board accepts PDH project Cyfrowy ...
Headlines Large-cap companies news Tauron: Contract with PGG to be renegotiated PZU: Ratings outlook dropped to stable ING BSK: Fitch upgrades ratings Kruk: 1Q20 financial report to be released later Banks: Banks tighten lending policies Banks: Demand for mortgage loans Banks: Data for penetration of mobile banking Banks: Press on tightening of lending policies Banks: Leasing slows down Small- and mid-cap companies news Erbud: 4Q19 results released. Ronson: Strong 1Q20 pre-sales. I...
Headlines Large-cap companies news Cyfrowy Polsat: 4Q19 results released – down-trend in like-for-like (accounting-standard-neutral) EBITDA fading away Lotos: 4Q19 results revealed; Adjusted EBITDA LIFO amounted to PLN 636 million (based on our adjustments), poor operating cash flow PGNiG: 4Q19 results revealed; In line with preliminary figures published earlier, stronger hedging than previously indicated PZU: FY19 financial report released Pekao: Group redundancies Santander BP: Group re...
Headlines Large-cap companies news PKN Orlen: Drop in fuel prices to be anticipated given falling crude oil prices CD Projekt: Cyberpunk 2077 has been submitted to age rating agencies; PAP press release Santander BP: Watchdog allows for 50% payouts PKO BP: Watchdog allows for 50% payouts PKO BP: Insider buying mBank: Small dividend to be paid Banks: Coronavirus epidemy impact on banks Banks: Branch closures? Banks: Watchdog silent on its treatment of CHF agreements Cyfrowy Polsat: 4Q1...
Headlines Large-cap companies news Alior: Insider buying Kruk: Bond issuance Handlowy: Individual recommendation allows for 100% payouts mBank: Watchdog recommends retaining 95% of profits mBank: Class action suit to be retried in court Banks: New head and deputy of banking guarantee fund Small- and mid-cap companies news Marvipol Development: FY19 selected preliminary results released – broadly in line with our expectations J.W. Construction: FY19 selected preliminary results released...
Headlines Large-cap companies news CCC: Mediocre outlook for 1Q20. Lotos: Refining production slate for February revealed – poor production figures due to unplanned stoppages of coker unit Lotos: Expected synergies from merging with PKN? Pekao: CEO on outlook Pekao: Blackrock below 5% threshold Kruk: CEO on outlook PGNiG: Another drilling executed in Pakistan Tauron, Rafako: Jaworzno launch by the end of July Alior: Insider buying ING BSK: AGM called ING BSK: FY19 financial report co...
Headlines Large-cap companies news Kruk: Preliminary 4Q19 financial results Play: Increase of share capital in relation to incentive scheme PGNiG: Aiming at increasing shareholder value? JSW: Cumulating of investments require withdrawal from stability fund Tauron, Erbud: Tauron puts on hold the exhaust treatment installation Banks: Votum summarizes rulings in CHF mortgage matter for 2019 Banks: Troubles at PESA continue Banks: November loan sales weaker yoy Small- and mid-cap companies...
Polish Equities Monthly: December 2019 2020 equity strategy At a critical junction The US equity market is, in our view, at a crossroads at the moment. Whereas some of the economic leading indicators (UST curve, industrial production, ISM manufacturing PMI, US corporate profit margins), historically doing decent job in signaling stock market peaks, explicitly imply risk of looming change in the cyclical trend in US equities, the other key ones (ISM non-manufacturing PMI, trend in initial jobl...
Due to a reallocation of resources, Haitong Research is terminating coverage of Echo Investment (ECH PW), Dom Development (DOM PW), GTC (GTC PW), LC Corp (LCC PW), Capital Park (CPG PW), Atal (1AT PW), Ronson (RON PW). Inter Cars (CAR PW), PKP Cargo (PKP PW), Budimex (BDX PW) and Wawel (WWL PW). Effective upon this termination of coverage, our last recommendations, fair values and estimates should not be relied upon going forward.
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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