PPT 0.69% $21.56 perpetual limited

Ann: Rejection of conditional, non-binding indicative proposal, page-52

  1. 1,496 Posts.
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    I am not pro-PDL. The PDL business is poor and on a down trend. The main value at this point for PDL is the PPT-PDL merger, without it PDL should be free falling below $4. This is based on PDL falling FUM and poor managed fund performance (see their latest annual results).

    PPT is in a self-inflicted lose-lose situation. Best outcome for PPT shareholders would be for Regal to come in with a $40 bid for PPT and end the pain for PPT shareholders. Very unlikely to find a sucker that big though.

    Disclaimer: I held PPT and sold last Friday, not looking to buy PPT again.
 
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