River capital. My thoughts on a PAC takeover.
Paid approximately $75mil for 19+%.
Probably be able to get the balance for another $400mil. $10/share. Total cost $475mil.
Scenario 1. Close down the business and sell off the parts. Could possibly get $600mil.
Scenario 2. Trim down management/directors etc and save possibly in excess of $5mil a year. That would leave PBT of $55mil on next year’s estimates.
Scenario 3. Eliminate management costs entirely. Sell off some of the assets. GQG probably first to go which would recoup $175mil approx quickly. Pick the eyes out of the balance to keep that would compliment their current portfolio and sell off the balance.
All very good outcomes in my opinion.
Any thoughts welcome. Cheers Greg
River capital. My thoughts on a PAC takeover. Paid approximately...
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