Perpetual recovers some poise

Perpetual's rise over the past month has taken it above our Buy price.

Perpetual seems to have regained some of its poise over the past month, since our update on its September quarter fund flows, with its share price up 9% in spite of a flat market. There didn't appear to be much in the AGM statement released on 5 Nov and, for want of anything else, the change seems just to reflect an improvement in sentiment (while the big banks and miners, specifically, have been holding back the overall market). The change also makes the stock a little more expensive, though, and takes it past our Buy price, so we're downgrading back to HOLD.

Note: The Intelligent Investor Growth and Equity Income portfolios own shares in Perpetual. You can find out about investing directly in Intelligent Investor and InvestSMART portfolios by clicking here.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles