Pendal Group Limited (PDL)
All research reports and stock updates for Pendal Group Limited.
Stock Updates
Research Reports
Financials
Pendal Group Limited (PDL)
Ceasing coverage
We are ceasing coverage of Pendal Group (PDL.AX) due to Perpetual’s acquisition.
Financials
Pendal Group Limited (PDL)
Going defensive
Pendal is trapped in a ‘perfect storm’ where its earnings base is shrinking due to material net outflows, negative mark-to-markets, and the TSW acquisition failing to be accretive.
Financials
Pendal Group Limited (PDL)
Better off together
Merger recap. On 25 August 2022, PDL announced it had entered a Scheme Implementation Deed with Perpetual (PPT) under which PPT would acquire all the shares of PDL.
Financials
Pendal Group Limited (PDL)
Asleep at the wheel
Pendal’s Board has been caught napping as Perpetual has fronted up with a conditional scrip and cash offer for the business.
Financials
Pendal Group Limited (PDL)
Fat cats
The large increase in earnings and FUM, due to the TSW acquisition, has masked a messy FY21 result for Pendal Group.