Perpetual Limited
Hi Guys, Just wanted to say that I love your in depth analysis of what is happening, in particular on the ASX. I hold PPT shares and am trying to get my head around what the state of play is here? According to the May ASX announcement KKR are to offer $ 2.175 B in cash for the part of the business not involved in investments. As there are 113M+shares, I calculate this to just over $ 19 per share. The market however as of Tuesday, is now valuing the whole company incl. investment business at less than $ 22 per share? Therefore implying a value of $ 3 per share for the remainder of the business. Yet PPT state that the remaining entity will be a stand alone ASX listed company with a debt free balance sheet. Any thoughts? Thanks