PPT result, was , IMO, not as good as IFL's result, but saying that, it was still a good result.
The GOOD
1. Revenue increased by 5%, but the really good news was that it was across all segments.
2. Perpetual Private increased PBT by 18.4% and Corporate Trust by 7.6%
3. Perpetual Private continues to grow clients, and FORDHAM is PP leading referral partner
4. Cash on the balance sheet grew by 16%. PPT appear to be building up an acquisition war chest
5. PP revenue gre 6%, expenses fell 3%, FUM revenue margin grew 1 bps
6. PP cost to income ratio fell 3%
7. Perpetual Corporate Trust increased cost to income ratio by 1%
8. Dividend up 4%
The BAD
1. Expenses as a proportion of Revenue dropped 20bp from 63.3% to 63.1%.
2. FUM for Investments revenue margin fell 3 bps to 72 bps, with a sharp decline in H2
The UGLY
1. Net inflows for Perpetual Investments have been neg for the last 2 years.
All up a good result, with PP a standout. PP now has momentum and a strategy to significantly grow this business.
HT1
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Last
$21.39 |
Change
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Mkt cap ! $2.115B |
Open | High | Low | Value | Volume |
$21.44 | $21.54 | $21.24 | $4.392M | 205.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1078 | $21.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.41 | 618 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1956 | 38.570 |
1 | 659 | 38.550 |
3 | 4529 | 38.530 |
1 | 660 | 38.510 |
1 | 637 | 38.500 |
Price($) | Vol. | No. |
---|---|---|
38.590 | 869 | 1 |
38.600 | 250 | 1 |
38.630 | 1140 | 2 |
38.640 | 3976 | 2 |
38.650 | 2887 | 1 |
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PPT (ASX) Chart |