Skip to Content

Australian Investment Blog

ASX:PPT 24/05/2018

Perpetual (PPT) has fallen almost 30% since February

Stock

Perpetual (PPT) $39.62 as at 24/05/18

Event

PPT has fallen almost 30% since its February high above $55. The wealth manager has had a torrid few months like most of the sector however like AMP, the vertically integrated model of advice and product manufacturing / funds management has thrust the company into the spotlight for all the wrong reasons. The concern is that regulators will put in legislation that negatively impacts this sort of business model – an obvious risk for both AMP, PPT and others.

Market Matters Take/Outlook

The share price has broadly tracked that of AMP while perpetual has not suffered the same reputational damage.
  • We would have interest in PPT if aggressive EOFY selling takes the stock down towards ~$36.
Perpetual (PPT) Chart

By james Carter
image description

Relevant suggested news and content from the site

image description
Overview
image description
A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
image description
Thursday 17th April – ASX +24pts, CGF, BHP, STO
image description
Major Movers Today
image description
Ausbiz: Research Lead Shawn Hickman discussing Copper
image description
Thursday 17th April – Dow -699pts, SPI down -26pts
image description
Stocks This Week – Source Bloomberg
image description
Wednesday 16th April – ASX +20pts, BOQ, RIO, ZIP
image description
Sectors This Week – Source Bloomberg
image description
Wednesday 16th April – Dow -155pts, SPI down -3pts
Back to top