I am not pro-PDL. The PDL business is poor and on a down trend. The main value at this point for PDL is the PPT-PDL merger, without it PDL should be free falling below $4. This is based on PDL falling FUM and poor managed fund performance (see their latest annual results).
PPT is in a self-inflicted lose-lose situation. Best outcome for PPT shareholders would be for Regal to come in with a $40 bid for PPT and end the pain for PPT shareholders. Very unlikely to find a sucker that big though.
Disclaimer: I held PPT and sold last Friday, not looking to buy PPT again.
Ann: Rejection of conditional, non-binding indicative proposal, page-52
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Last
$21.95 |
Change
-0.180(0.81%) |
Mkt cap ! $2.505B | |||
| Open | High | Low | Value | Volume |
| $22.12 | $22.30 | $21.81 | $2.690M | 122.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 206 | $21.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.96 | 412 | 9 |
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| Last trade - 13.45pm 29/07/2024 (20 minute delay) ? |
| PPT (ASX) Chart |