Perpetual is an asset manager not a broker. They will hold an undervalued company as long as its future earnings potential is compelling enough to hold the stock - they tend to be more conservative than most other fundies so for Perpetual to be comfortable with the debt levels is significant in my view.
I should add, what I think the market is missing at the minute is that the B&D acquisition will bolster WHC’s earnings and will enable WHC to pay increased returns back to shareholders. This was reiterated by the MD in the half year results a couple of weeks ago.
Target $18.72, page-8537
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Last
$8.01 |
Change
-0.320(3.84%) |
Mkt cap ! $6.688B | |||
| Open | High | Low | Value | Volume |
| $8.07 | $8.10 | $7.88 | $32.87M | 4.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 26025 | $8.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.01 | 23541 | 43 |
View Market Depth
| Last trade - 13.46pm 05/06/2024 (20 minute delay) ? |
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Last
$8.00 |
Change
-0.320 ( 3.84 %) |
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| Open | High | Low | Volume | ||
| $8.07 | $8.07 | $7.88 | 648063 | ||
| Last updated 14.06pm 05/06/2024 ? | |||||
| WHC (ASX) Chart |