PPT 2.21% $19.90 perpetual limited

Mr market makes no sense. If we just look at PPT’s results...

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  1. 5,015 Posts.
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    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
 
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