Perpetual's rejected bid turns a rally into a break-up value test

Perpetual (ASX:PPT) jumped after rejecting a takeover approach. The question is whether control value outruns a messy earnings rebuild.

1 July 2026|6:36pm AEST

ASX ticker chart

Delayed close-price history through 1 July 2026.

Latest18.1+5.4%

Low 15.19 · 26 JuneHigh 18.58 · 25 Feb

Window 22 Feb to 01 JulyYahoo Finance, delayed

Latest research

South32 Limited|ASX:S32|Materials

South32 (ASX:S32) jumped after a US$5.6b aluminium sale. The question is whether a cleaner portfolio offsets lost cash flow.

1 July 2026|11:33am AEST

Zip Co Limited|ASX:ZIP|Financials

Zip Co (ASX:ZIP) rallied again as payments risk came back into favour; the question is whether US cash profit can outrun credit costs.

30 June 2026|6:00pm AEST

Liontown Limited|ASX:LTR|Materials

Liontown (ASX:LTR) fell with lithium names despite a stronger March quarter; the question is whether price beta is drowning out ramp-up evidence.

30 June 2026|11:00am AEST

Transurban Group|ASX:TCL|Industrials

Transurban (ASX:TCL) fell 4.4% after a North America update. We test whether traffic-linked toll growth offsets debt, capex and project risk.

29 June 2026|6:00pm AEST

Neuren Pharmaceuticals Limited|ASX:NEU|Health Care

Neuren (ASX:NEU) jumped after Daybue won an EU approval positive opinion; the question is how much royalty duration the tape just capitalised.

29 June 2026|11:00am AEST