Perpetual

Don’t get too excited about Perpetual’s profit upgrade today. The company announced that first half underlying profit—due to be reported on 23 February—would be $35m. This is above the disappointing guidance range of $26m-$31m provided at the November annual meeting—see 4 Nov 11 (Buy – $20.74), as well as the $32m the company reported for the second half of 2011. The interim dividend is expected to be between $0.43 and $0.54 per share. The company gave two reasons for the upgrade. The first, and probably the least important, is that the cost reductions put in place by former chief...

Don’t get too excited about Perpetual’s profit upgrade today. The company announced that first half underlying profit—due to be reported on 23 February—would be $35m. This is above the disappointing guidance range of $26m-$31m provided at the November annual meeting—see 4 Nov 11 (Buy – $20.74), as well as the $32m the company reported for the second half of 2011. The interim dividend is expected to be between $0.43 and $0.54 per share.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

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

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles