Post Q1 FUM report from Ord Minnett COMMENTARY A strong start to...

Post Q1 FUM report from Ord Minnett

• COMMENTARY
  A strong start to the year for Pacific Current Group, says Ord Minnett, including improving net flows and a robust fundraising outlook. Funds under management increased 5.3% over the quarter to $215.1bn, driven by net inflows of $0.7bn.
  The broker considers the company on track to meet its earnings forecasts over the coming year, and finds the stock inexpensive on that basis. Pacific Current Group is expecting the second quarter to be even stronger than the first.
  The Buy rating and target price of $12.20 are retained.
  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.

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Hope that provides some price support even if the bid falls over.
Looking forward to an update at PAC AGM this week (15 Nov)
Cheers Westwind