Now you are starting to see why the market marks Perpetual down relative to its peers. Highly paid management signing up to repeated poor deals. The same management that overpays for assets, agrees to a takeover not appreciating the adverse tax position and which also needs to overpay other overpaid “experts” to tell them they have agreed to another dud arrangement.
PPT Price at posting:
$20.20 Sentiment: None Disclosure: Held
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