PRN 3.05% 95.5¢ perenti limited

Ann: Perenti secures A$420 million of contract extensions, page-5

  1. 3,551 Posts.
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    I like it. Bought more on the strength of it.

    The plan was to take profits on DDH and then buy PRN under $1- tick and tick- more than half free carried.

    They could have some projects under pressure- but production projects are more resilient than exploration work in a down turn.

    There would still be the need to work on synergies from the group- synergies just do not make themselves.

    Or something like that.

    IMHO DYOR
 
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