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@noomxx didnt take u for a pessimist!! we're
PDL not MFG (u on the right forum??)
>100BN FUM (
12% larger than PPT's, twice MFG [mkt cap: $1.9bn], 6 (YES SIX) times PTM [mkt cap: $1.1bn])
>$400m-500m solid cash by H1 FY23
>40-50c annual divi minimum (>10% yield, 14% at $3.50!!)
p/e barely 5?
diversified (OZ, USA, UK - acquired for ~$750m)..... and you think combined theyre worth only ~$1bn??
dreamin!
theres MANY a REASON A REPUTED INVESTMENT MNGR [insert PPT] ORIGINAL BID > $6 PER SHARE - AND THEY SAW THAT AS A BARGAIN!!! I HAVE FAITH IN THE NUMBERS THEY CRUNCHED.....!!!
STOP DEBATING WHERE WE MIGHT BE...START ENJOYING THE RIDE UP!!! $1.615 PER SHARE IN SOLID CASH.....THANK YOU FOR THE 35% CURRENT SHARE PRICE
CASH REBATE!!! NOT TO MENTION ENTRY INTO PPT AT ~$19-23 COST BASE (INSTANT $4-8 GAIN ON CONVERSION)
LONG OVERDUE!!!
PS: f f s, I even participated in the $6.80 cap raise!!! long time b4 a c a return on those shares!!
...and peeps are saying $3.50...wow - did we suddenly lose Jo Hambro and TSW and go back to our humble start at BTIM with BARELY ~$30Bn FUM (and WBC legacy in attrition?)??
we paid over $750M just for those (book value, not present value - Hambro has been part of the fold for over a decade...)!!!
mkt makes its money from extreme vol - how many investment banks have appeared and disappeared off the register in barely 1 week!! - criminal that they drive the price to $3.80 the other day, now back to almost $5.....no one cares for fundamentals, money is made on vol via price manipulation....
