Seems like asset managers tend to be valued between 1.5% and 3.5% their FAU. PPS is growing a lot faster than the AM industry but let's use 2.5%.
The Int'l business has $5bn in FAU. 2.5% of $5bn is $125m. Not sure if there's some tax leakage but if say PPS retain $25m to fund AUS biz and distribute $100 to shareholders, then we would get a nice c18% distribution ($100m over current market cap).
Does anyone disagree with the above?
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Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 49.8¢ | $329.9K | 655.9K |
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No. | Vol. | Price($) |
---|---|---|
28 | 172475 | 49.5¢ |
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Price($) | Vol. | No. |
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50.0¢ | 82717 | 8 |
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No. | Vol. | Price($) |
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28 | 172475 | 0.495 |
11 | 134076 | 0.490 |
9 | 36228 | 0.485 |
4 | 158238 | 0.480 |
3 | 29544 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 82717 | 8 |
0.505 | 50626 | 11 |
0.510 | 36839 | 7 |
0.515 | 137792 | 7 |
0.520 | 13811 | 4 |
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