PPT - Perpetual Limited

[bigdog]

Bigdog 2025 Tipping Note

PPT: The demerger may not happen, CT & WM are good businesses which are growing, have relatively stable earnings, and are cash generative. Secondly, the new CEO Bernard Reilly has made it a priority to address the cost base. Clarity about costs should start to see forecasts rising. Thirdly, the shares are unloved and undervalued, with the asset management business having an implied valuation of 4.5-5.5x EBITDA.

 

[divs4ever]

Bigdog 2025 Tipping Note

PPT: The demerger may not happen, CT & WM are good businesses which are growing, have relatively stable earnings, and are cash generative. Secondly, the new CEO Bernard Reilly has made it a priority to address the cost base. Clarity about costs should start to see forecasts rising. Thirdly, the shares are unloved and undervalued, with the asset management business having an implied valuation of 4.5-5.5x EBITDA.

am interested to see if SOL makes another offer on this

i hold SOL ( and might be tempted to buy into PPT as a side-door into extra SOL)

 

[bigdog]

Perpetual Ltd (ASX: PPT) shares have taken a hit on Monday after the company confirmed that its much-anticipated deal with global investment giant KKR has been terminated.


The announcement ended months of speculation about the future of Perpetual's Corporate Trust and Wealth Management units.


With no agreement reached, the company has a new plan in place, including the sale of its wealth management arm.

 

[divs4ever]

Perpetual Ltd (ASX: PPT) shares have taken a hit on Monday after the company confirmed that its much-anticipated deal with global investment giant KKR has been terminated.


The announcement ended months of speculation about the future of Perpetual's Corporate Trust and Wealth Management units.


With no agreement reached, the company has a new plan in place, including the sale of its wealth management arm.

View attachment 194489

don't forget SOL was interested in part or all of PPT

that still might return

( i hold SOL and am watchful for a side-door entry into extra SOL )

 

[Ferret]

don't forget SOL was interested in part or all of PPT

that still might return

( i hold SOL and am watchful for a side-door entry into extra SOL )

I hold both PPT and SOL and would be happy to swap my PPT for some more SOL.

Its a tricky one though, because I'd like as much as possible for my PPT, but I wouldn't want my SOL diminished by overpaying.

 

[divs4ever]

I hold both PPT and SOL and would be happy to swap my PPT for some more SOL.

Its a tricky one though, because I'd like as much as possible for my PPT, but I wouldn't want my SOL diminished by overpaying.

my memory could be fuzzy , but i think SOL was offering a scrip deal ( which i would like very much )

i am not interested in a cash deal my average for SOL is under $13.10 , i may as well just collect the current dividends and leave any capital gains to others

 

[Dona Ferentes]

I hold both PPT and SOL and would be happy to swap my PPT for some more SOL.

Its a tricky one though, because I'd like as much as possible for my PPT, but I wouldn't want my SOL diminished by overpaying.

In the scheme of things, PPT would be folded into the fund management bits of SOL with minimal impact to the latter. IMO

 

[divs4ever]

now IF , SOL were to acquire PPT would it break up the assets ( keep some , sell some )

a further wild card is PPT planning to off-load some assets .. would SOL find that spin-off more attractive than the parent

 

[divs4ever]

Notice of change of interests of substantial holder for Perpetual Limited
(ASX: PPT)
Washington H. Soul Pattinson and Company Limited (‘Soul Patts’) announces today that after market on
27 February 2025 it unwound all of the short equity derivative positions that were hedging its exposure to
PPT. Separately, a physically settled swap expired on 28th February with delivery of 1 million shares.
Soul Patts has reduced its long holding in PPT to 8.46%, of which 5.36% is held via physical shares.
Please find attached Form 604 - Notice of change of interests of substantial holder (‘Notice’) required to
be lodged under the Corporations Act 2001 (‘the Act’).
Yours sincerely
Pamela Longstaff
Company Secretary
–ENDS–

i hold SOL