Perpetual is an asset manager not a broker. They will hold an undervalued company as long as its future earnings potential is compelling enough to hold the stock - they tend to be more conservative than most other fundies so for Perpetual to be comfortable with the debt levels is significant in my view.
I should add, what I think the market is missing at the minute is that the B&D acquisition will bolster WHC’s earnings and will enable WHC to pay increased returns back to shareholders. This was reiterated by the MD in the half year results a couple of weeks ago.
Perpetual is an asset manager not a broker. They will hold an...
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Last
$7.67 |
Change
-0.020(0.26%) |
Mkt cap ! $6.416B | |||
| Open | High | Low | Value | Volume |
| $7.70 | $7.73 | $7.57 | $18.76M | 2.458M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 237 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.67 | 12104 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$7.63 |
Change
-0.020 ( 0.72 %) |
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| Open | High | Low | Volume | ||
| $7.70 | $7.70 | $7.57 | 545550 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| WHC (ASX) Chart |