ASX Announcements
Application for quotation of securities - PPT
Appendix 2A (Application for Quotation of Securities)
- Oct 8, 2024
- 6 pages
September
Perpetual faces investor backlash over bonuses with ‘no justification’
Proxy advisory firm Institutional Shareholder Services, which had previously been supportive of the fund manager, is urging a vote against executive pay and board members.
- Jonathan Shapiro
- Opinion
- Chanticleer
Star needs new friends to stop the bleeding
Where will Star Entertainment’s shares trade? Surely, it’s going to be ugly on Friday morning.
- Anthony Macdonald
Perpetual orders temperature checks on register ahead of AGM
Hiring firms of Morrow Sodali’s ilk ahead of a shareholder vote can either be stock standard procedure or a stress response from an under-pressure board.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Corporate Australia mourns former BT boss Rob Ferguson
His Bankers Trust colleague Chris Corrigan remembered him as “an individual thinker with an inquiring mind, who never lost his curiosity about how the world works”.
- Updated
- Joshua Peach
August
- Results Wrap
- Chanticleer
Perpetual ready to sprinkle riches; red flags at Cettire
Wesfarmers and Qantas headlined the final Thursday of earnings season, but it was Perpetual and Cettire’s results that caught our eye.
- James Thomson and Anthony Macdonald
Where’s the premium? UBS’ Sujit Dey questions Perpetual’s KKR deal
The leftover funds management business is worth about $12.83 a share, going off eight times $183 million in after-tax profit on Dey’s count.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual takes ‘embarrassing’ $547m write-down on Pendal funds
The firm, which is in the midst of selling a large part of itself to KKR, disclosed the write-down just four days before it delivers a full-year financial update.
- Jonathan Shapiro
Perpetual’s new CEO; Domino’s boss scrambles; Coffee boosts Breville
Read everything that’s happened in the news so far today.
New Perpetual CEO hired to take ‘legacy into the next phase’
The company has hired the former head of a $300 billion super fund giant, Bernard Reilly, to manage the break-up of the 138-year-old firm.
- Jonathan Shapiro
July
- Exclusive
- Venture capital
Rich Chinese investors join $1b hunt for Aussie VC funds
A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.
- Yolanda Redrup and Paul Smith
- Updated
- Managed funds
Perpetual clients pull almost $8b from funds house before KKR sale
Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.
- Updated
- Kylar Loussikian and Jonathan Shapiro
Perpetual’s $100m private debt pitch shies away from real estate
The fund manager is beefing up its $450 million listed credit fund, capitalising on a 10.2 per cent 12-month return.
- Aaron Weinman
June
Woolworths, CSL among ASX giants that should sell foreign assets
A wave of Australian companies are ditching their overseas businesses to bring capital back to Australia. MST Marquee says there are more that should do the same.
- Alex Gluyas
May
Morgan Stanley’s wealth unit dips into Perpetual Private ranks
Street Talk understands Daniel Elias has defected to Morgan Stanley Wealth Management after five years of overseeing a team of Perpetual advisers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Two things can be true in Perpetual’s shock break-up
Perpetual is trying to get shareholders to look strictly at the numbers in a bid to take emotion out of its break-up. KKR’s $2.2 billion of cash can’t hurt.
- Anthony Macdonald
- Opinion
- Investing
Perpetual’s shrunken shadow casts a pall over public sharemarket
The shrinking of the active fund manager raises more questions about the future of public markets in a world of private alternatives.
- The AFR View
Perpetual’s Greg Cooper knows KKR well
Perpetual’s now deputy-chairman is a distant relative on the KKR family tree.
- Updated
- Myriam Robin
Has Qantas really changed?; Perpetual’s fall from grace; AI’s big energy problem
This week on the Chanticleer podcast, James and Anthony look at Qantas’ $120 million settlement, extract lessons from the demise of funds management giant Perpetual, reveal why everyone is talking about data centres and energy.
Inside Project Constantine, the plan to sell Perpetual
Soul Patts’ $3 billion offer for the asset manager set the stage for whirlwind negotiations and accelerated a sale that private equity firms had eyed for years.
- Aaron Weinman
- Opinion
- Chanticleer
There’s a bigger story behind Perpetual’s sad break-up
The break-up of Perpetual is a story of mismanagement, but it also speaks to the structural changes sweeping across Australia’s financial sector.
- Updated
- James Thomson