You are comparing apples and oranges.
The current PPT play for Pendal with a huge $110bn FUM and mediocre EBITDA pretty much explains a loss of focus in pursuit of growing FUM.
PPT share price decline of 20% in a month fairly well expresses the market view of a poor transaction.
Contrast that with MFG disposal of gyg and razor focus on portfolio management and you may spot the difference.
GLTASH
Ann: Funds Under Management - August 2022, page-76
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Last
$12.41 |
Change
0.410(3.42%) |
Mkt cap ! $2.222B | |||
| Open | High | Low | Value | Volume |
| $12.20 | $12.50 | $12.18 | $10.03M | 812.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1706 | $12.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.50 | 17261 | 11 |
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| Last trade - 16.10pm 29/01/2025 (20 minute delay) ? |
| MFG (ASX) Chart |