Skip to Content

What does MM think of Perpetual (PPT)?

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

Ask a question

The Latest Q&A

Question asked

What does MM think of Perpetual (PPT)?


I fell into the trap of not selling a stock that is CGT Free. I inherited Union Fidelity Trustee Company in August 1995. There has been a succession of takeovers. At the most recent takeover, Perpetual acquired Trust Company of Australia in Dec 2013, and Perpetual shares were trading at $53 post-acquisition. The price has never recovered from there in spite of strong reassurances from management since then, it hit $40 or so this spring and thought that I’d cut my losses at $42 but didn’t sell,  and has now tumbled to $34. I’m in despair of this company! What is wrong with it?

David G.


Hi David,

Its not just PPT, the whole fund managers space has experienced a relatively tough 2021 even as the bull market kept on rolling. However we like the risk / reward towards PPT around $36 supported by an estimated 6.2% fully franked yield over the next 12-months, we took profit on PPT in October 2020 for our Income Portfolio above $42, its again tempting after its over 20% correction.

image description
Perpetual Ltd (PPT)
image description

Relevant suggested news and content from the site

Back to top