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.
Target $18.72, page-8537
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Last
$8.33 |
Change
0.080(0.97%) |
Mkt cap ! $6.968B | |||
| Open | High | Low | Value | Volume |
| $8.25 | $8.48 | $8.23 | $48.92M | 5.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34907 | $8.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.34 | 2713 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$8.33 |
Change
0.080 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| $8.25 | $8.48 | $8.23 | 1759286 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| WHC (ASX) Chart |