Hi All
Another better value takeover target is Treasury Group (TRG). It has $17.05 Billion Funds Under Management and a Market Cap of only $92.47 Million.
PPT is just a business with no value intrinsic value. Anyone launching a takeover would be asking to lose money.
With a valuation based on Funds Under Management, PPT should be about $160 million, to be generous. This is $800 million less than current value or a share price of $4.28 (have assumed they are over chaarging clients, so earnings and dividends will decrease).
Best of Luck
Lost
takeover coming at $30 according to afr , page-19
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Last
$20.56 |
Change
0.910(4.63%) |
Mkt cap ! $2.354B | |||
| Open | High | Low | Value | Volume |
| $20.00 | $20.66 | $19.90 | $32.27M | 1.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2289 | $20.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.57 | 6030 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PPT (ASX) Chart |