Yes - the two deals are somewhat similar , except ......
1) The SOL deal leaves PPT shareholders with exposure to all the other SOL businesses - for good or bad (coal, bricks, etc).
2) The SOL deal comes with the Millner family controlling SOL - for good or bad
3) The internal deal maintains independence of ownership, focus of directors on each single business and debt-free capital management.
4) The internal deal maintains the Perpetual name as an independent name in the marketplace.
5) The CGT should not be an issue.
6) The price ultimately achieved by PPT for its spinoffs will depend on the future performance of each spinoff business until each is fully sold off - for good or bad
It is not too late to change horses in this race as the payout to KKR would be only $23m (bad, but not too bad).
Our board must be transparent on its "strategic review" and disclose what other analysis they did to come to their conclusion.
Board Challenger, page-20
Add PPT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$22.15 |
Change
0.300(1.37%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $21.97 | $22.18 | $21.94 | $4.199M | 190.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 371 | $22.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.15 | 96 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PPT (ASX) Chart |