Now answering my own question:
This is what I understand is having a large (although not exclusive) influence on the SP of PPS.
WBC have elected to stand and fight in the funds managment sector and have reduced fees by about 15 basis points making their offer more price competitive.
As I understand it the other 3 of the 4 pillar banks are unwinding their funds management activities due in part to the Royal Commission fallout.
This means companies like PPS may derive substantial benefit due to the outflow from the other 3 banks even though WBC may collect an increase on their previous share of market.
PPS Technical, page-7
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Last
66.0¢ |
Change
-0.005(0.75%) |
Mkt cap ! $250.6M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.8¢ | 66.0¢ | $461.3K | 695.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4475 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 139465 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PPS (ASX) Chart |
