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)