Latest update from Ord Minnett
It was their view that Pacific Current Group's Q2 update revealed better-than-expected net flows, combined with a solid performance in funds under management (FUM). The latter was achieved despite AUD headwinds, the broker added.
Ord Minnett continues to view the shares as "cheap", in particular when measured against the likely earnings outlook for the company.
Buy rating not simply retained, it was hereby re-iterated. Target unchanged at $12.20.
FORECAST
Ord Minnett forecasts a full year FY24 dividend of 46.00 cents and EPS of 70.60 cents.
Ord Minnett forecasts a full year FY25 dividend of 54.00 cents and EPS of 82.70 cents.
No change in forecasts, but I would have thought the administration of the lapsed takeover bid would have involved a significant expense. It took so long and all the advisors would have still been charging their full rate. I am expecting $1m plus? My opinion. DYOR.
Cheers Westwind
Latest update from Ord Minnett It was their view that Pacific...
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Last
$10.29 |
Change
-0.110(1.06%) |
Mkt cap ! $536.3M | |||
| Open | High | Low | Value | Volume |
| $10.41 | $10.47 | $10.28 | $187.7K | 18.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 548 | $10.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.30 | 19 | 2 |
View Market Depth
| Last trade - 12.45pm 13/05/2024 (20 minute delay) ? |
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Last
$10.27 |
Change
-0.110 ( 1.61 %) |
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| Open | High | Low | Volume | ||
| $10.41 | $10.41 | $10.27 | 427 | ||
| Last updated 12.59pm 13/05/2024 ? | |||||
| PAC (ASX) Chart |