PRN 2.54% 96.0¢ perenti limited

Ann: Perenti announces changes to its Board of Directors, page-5

  1. 1,206 Posts.
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    If you check in the expense report for the half year. PRN incurred $18.8M in consulting fees over 6 months. At a guess probably 30-50% is attributed to merger and a one-off hit. DDL aquisition costs was $5.8M and expensed as other expenses, post the merger.

    Merger benefits on the cost side are estimated to be OPEX savings of $22M YOY.
    • HR and Pay-role consolidation.
    • Finance, Risk / Support team rationalisation.
    • IT stack consolidation.
    • DDL bad debt written-off a one-off item.
    • Site rationalisation.
    • Sales team rationalisation / reduced competition in the market-place.

    Punchline... well need to wait until September reporting season to see merger benefits.
 
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