Perpetual Funds Management probably acquired it's KSL stake in June 2018 when the founding shareholder Fu Shan ( I believe Chinese Malaysian interests) sold it's 35% of KSL (57 million shares ) to unspecified institutional investors.
Fu Shan had been a creator of KSL since 1985.
The block trades in June 2018 were priced at AUS$0.75 a share.
Given movements in the $AUS, inflation and new share issuance, on the negative side, and substantial KSL dividends paid out from 2018 till now on the positive side, Perpetual Funds Management is probably break even on their investment.
In my opinion, for KSL it's best option would be to return to it's Asian Capital origins.
New tax rate from 30% to 45% for KSL, page-66
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Last
99.0¢ |
Change
0.040(4.21%) |
Mkt cap ! $284.5M | |||
| Open | High | Low | Value | Volume |
| 96.5¢ | 99.0¢ | 96.3¢ | $136.6K | 140.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10737 | 98.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 4140 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KSL (ASX) Chart |