bullish
Perpetual (PPT AU): Shareholders Divided Over Carve Out
578 Views08 May 2024 15:48
The sum of the parts should be greater than the whole. It's not unreasonable to expect Perpetual to re-rate as debt-free, pure play asset manager? The sell-down today looks overdone. I'd be buying.
What is covered in the Full Insight:
- Deal with KKR
- Shareholder concerns and reactions
- Soul Pattinson's potential influence
- Valuation of Perpetual and future prospects
- Timeline and conditions for KKR deal
Boomeranged on Tue, 10 Dec 2024 08:03
Perpetual (PPT AU) is down >7% after the ATO flagged a likely tax bill between A$493mn-A$529mn arising from the KKR deal. "Perpetual ... disagrees with the Commissioner’s views ... (and) considers it has strong grounds to dispute this position. However, to do so, Perpetual would need to withhold sufficient funds to cover the ATO’s asserted corporate tax liability ". More in "Discussions" below.
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Full Insight
(Paid Plans Only, 5-minute read)
Discussions
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