the funds management business is not bad....look at the likes of JHG , GQG and PNI.....all are very profitable and are still milking thier FUM.....yes the industry is in a decline but it will still make good money for say a few more decades till etf's take more and more share.....
the pendal acquisition wasn't a bad move as it will help PPT and synergies and give it scale to win in this space. What was bad though was the excessively high price we paid for it.....500m or so has just been written off last week.....
Market Research, page-24
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Last
$19.60 |
Change
0.010(0.05%) |
Mkt cap ! $2.239B | |||
| Open | High | Low | Value | Volume |
| $19.40 | $19.71 | $19.30 | $9.783M | 500.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $19.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.65 | 2986 | 2 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| PPT (ASX) Chart |