PPT 1.34% $27.20 perpetual limited

warns of volatility

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    Don;t like the sound of it - no orphan though:

    Sydney - Tuesday - October 28: (RWE Aust Business News) -
    Perpetual (ASX:PPT) chairman Robert Savage told the annual meeting today
    that the company's business was robust and the long-term fundamentals of
    its industry strong.
    He said that based on the most recent announcements to the market
    at the end of September, analyst reports on Perpetual in the past few
    weeks had forecast an EBITDA range of between $174m and $205m and an
    OPAT range of between $97m and $118m for the full year to June 30.
    "This consensus is based on market conditions and funds under
    management as at the end of September," Mr Savage said.
    "Whilst we are of the view that our outlook is in line current
    consensus, I must once again caution that conditions are changing
    rapidly and we expect that the volatility of the market in the near-term
    could affect both market consensus and our outlook prior to the end of
    the first half at 31 December.
    "As always, should our outlook diverge materially from
    consensus, we will advise the market."
 
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