In today’s briefing:
- Perpetual Mulls Another Bid for Pendal
- S&P/ASX Quiddity Leaderboard Sep 2022: Potential ADDs Could Outperform Potential DELs
Perpetual Mulls Another Bid for Pendal
- Perpetual Ltd (PPT AU) confirmed today that it is currently in “high-level, preliminary, confidential discussions with Pendal in relation to a potential acquisition.”
- Since rejecting Perpetual’s offer, Pendal Group (PDL AU)’s shares have underperformed most of its peers largely due to poor FUM performance.
- Despite today’s pop, Pendal trades at a discount to historical and peer multiples. Perpetual’s renewed interest points to its underlying value.
S&P/ASX Quiddity Leaderboard Sep 2022: Potential ADDs Could Outperform Potential DELs
- In this insight, we take a look at the potential index changes for S&P ASX 300, 200, 100, 50, and 20 in the September 2022 Rebalance.
- I expect there to be 7 ADDs and 7 DELs for the ASX 200 Index and 23 ADDs and 18 DELs for the ASX 300 Index.
- Based on recent price performance, I believe the Potential ADDs could outperform the Potential DELs over the next few weeks.
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