extract below from the AFR article last week - given we are now trading arount $19....implies the market is valuing the funds management division at c $9!!!"Dey’s note, sent to clients before the market open, notes that Perpetual shareholders are to be paid between $8.38 and $9.82 net proceeds per share from the sale to KKR. The leftover funds management business is worth about $12.83 a share at eight times $183 million in after-tax profit, he added.
Add the two numbers and Perpetual’s long-suffering investors are looking at $21.21 to $22.65 per share. That’s not exactly a juicy premium to the $21 a share levels that Perpetual was trading at before Soul Patts put it in play in December."
Ann: Appendix 3X - B Reilly, page-15
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Last
$19.15 |
Change
-0.050(0.26%) |
Mkt cap ! $2.188B | |||
| Open | High | Low | Value | Volume |
| $19.01 | $19.17 | $18.90 | $5.991M | 314.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5540 | $19.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.16 | 1440 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| PPT (ASX) Chart |