Hi Swingcat73
I know there were some rumors that Perpetual were reviewing a Pinnacle takeover, but I think they may look to PAC as we have large FUM invested Internationally.
One of the appointment objectives of Rob Adams on the rumor mill (Chanticleer article in Weekend AFR), is that PPT want to expand international FUM. PAC would be a quick uplift of about $16B in FUM, a 50+% increase for a small investment. PPT market cap is $2B. MFG is $4.6B and PTM is $4.3B. If they bought PAC at $8, they will have change from $400M. If they bought at $10, they will have change from $500M.
Another benefit is that PPT can offer retail distribution to current boutique funds. Efficiencies all around.
Is there a better valued company to buy with larger international FUM?
Best of Luck
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Hi Swingcat73 I know there were some rumors that Perpetual were...
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Last
$10.77 |
Change
-0.040(0.37%) |
Mkt cap ! $566.3M | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.88 | $10.61 | $1.247M | 115.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1755 | $10.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.80 | 4131 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PAC (ASX) Chart |
