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
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