Skip to Content
scroll

Clarifying MM thoughts on Pendal (PDL)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

Clarifying MM thoughts on Pendal (PDL)

Hi James,

please could you clarify MM's view on Pendal, PDL. The website appears to indicate 'no interest' at $8.00, but its trading under $7. Could you provide your thoughts on its share price decline in the last few months?

Many thanks

Nick

Answer

Hi Nick,

Going back in time having a “no interest” around $8 looks a good call but with the stock back under $7 we still have the stock in the more neutral corner – it’s not on our “hit list” at this point in time.

chart
image description
Pendal Group Ltd (PDL)
Back to top