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....
Modern Times Group’s (MTGB SS) recent 1QFY20 earnings came in again lower than expectations. Longer-term, MTGB still has positive catalysts with either the sale or the US listing of its online gaming segment. However, with the potential near-term pressure on the stock and the removal of company guidance for the rest of its FY20E, we’ll be exiting MTGB from our Model Portfolio. MTG Releases Q1 2020 Earnings Results / Near-Term Catalysts Appear to be Priced-In Long-Term Catalyst: Potential Sa...
Global digital entertainment business Modern Times Group AB (MTGB SS) prepares to finalize the distribution of its traditional broadcasting business Nordic Entertainment Group AB (NENTB SS) following a failed sale of the segment. This is the second stage in the cross-ownership situation that saw Kinnevik AB (KINVB SS) divest its holdings in MTGB, thus allowing latter's separation of NENTB and continued evolution into a pure-play e-sports leader. What's Interesting? The Edge Intelligence... Swed...
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