Ann: FY24 Results Presentation, page-2

There is a lot to process here! What i like is that :

1) Synergies from Pendal buy are running 7 months ahead of schedule
2) 70% of their FUM is US + Europe .....so will be benefiting as overseas markets continue to rally
3) Aus market is only 30% of FUM.....so who cares if we sell the brand name perpetual?
4) we will get in between 8.40 to 9.80 as a capital return per share! plus will be completely debt free after the sale.....imagine the big target that puts on our back from PE type who could buy us using our own balance sheet

what i dont like is how low the dividend is....... just 53 cents ....implies that they have conservatively chosen the bottom end of their payout ratio.....why are they being so conservative? Rob Adams should be walked out now..... increasing this divi was an opportunity to say F U to the market.....and why need to be conservative when all debt will be paid off in full in a few months with KKR's cash?!?!