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
$8.39 |
Change
0.140(1.70%) |
Mkt cap ! $7.044B | |||
| Open | High | Low | Value | Volume |
| $8.25 | $8.45 | $8.23 | $22.74M | 2.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 20458 | $8.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.39 | 12285 | 16 |
View Market Depth
| Last trade - 13.26pm 04/06/2024 (20 minute delay) ? |
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Last
$8.39 |
Change
0.140 ( 2.10 %) |
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| Open | High | Low | Volume | ||
| $8.25 | $8.45 | $8.23 | 639346 | ||
| Last updated 13.43pm 04/06/2024 ? | |||||
| WHC (ASX) Chart |