Mr market makes no sense. If we just look at PPT’s results announcement…..profits rose +21% and beat analyst’s estimates. Divi up +18% on LY and in total now the divi yield is 7.7% on the closing price ($2.09 / $24.45)….and that too fully franked! PPT is buying PDL for a song…..it will pay the debt it is taking to fund the cash component in 3 years and will extract c$50m of annual synergies post the acquisition…. This is a buy buy buy to me
Ann: FY22 Result Announcement, page-24
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Last
$22.13 |
Change
-0.120(0.54%) |
Mkt cap ! $2.525B | |||
| Open | High | Low | Value | Volume |
| $22.33 | $22.40 | $22.07 | $5.704M | 256.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1312 | $22.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.24 | 613 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PPT (ASX) Chart |