Debt is not bad thing as long as its serviceable. Rates will drop in the medium term.....that will turbo charge atleast the US and Euro markets ( where 70% of PPT's fund management exposure is....).....that will grow the businesses FUM = more fee income in the future to pay down the debt.....just be patient....
also what we lose ( the 30% of current EBITDA that this trust and wealth management divisions give us).....will likely be half provided for by not servicing the debt in the short run.
Debt is not bad thing as long as its serviceable. Rates will...
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Last
$19.60 |
Change
0.090(0.46%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| $19.46 | $19.72 | $19.35 | $4.349M | 222.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1494 | $19.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.74 | 1737 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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