Australia's largest stock trading and investment forum Australia's #1 stock forum

PAC

Click for more information

3.38%

$10.40 pacific current group limited

This is the NAV post based on $11.58.Unhappy days was based on...

First 6 Last

Share
Profile

Follow
lost

2,790 Posts.

1130

17/04/24

19:29

Post #: 73394320
Share

Originally posted by lost: ↑

Hi @Chrislechat
It was more stating the obvious with the massive pile of cash and PAC management clearly looking to liquidate the boutiques over time. Not many people can easily justify redeploying such a large amount of cash (more than 50% of market cap based on today’s price).

Hi @Shake It
I brought the NAV number down to approx $12.50. I think the buyback should be around this figure with a bit of a discount, but not too much.

Makes sense why River Capital were buying up at $10.50.

Believe Regal will be peeved they missed some easy money over a five month period (potentially on a reduced tax basis).

Share price should exceed takeover offers in the next couple of months as the tax ruling becomes clearer and the potential of earnings coming through from the current boutiques.

Note, we have to see what will come from expert advice put out by the company and the ATO ruling.

Best of Luck
Lost

Expand

This is the NAV post based on $11.58.

Unhappy days was based on not being able to sell the tier two boutiques.

Here is the link to the post:
https://hotcopper.com.au/posts/72931844/single

FYI - Ords and Morningstar have fair value of PAC at $12.50 per share.

What are your thoughts @Lambingflat ? Still at $12.90?

Last edited by lost: 17/04/24

PAC Price at posting: $10.09 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 8 more messages in this thread...

First 6 Last

Add PAC (ASX) to my watchlist

(20min delay)
Last $10.40		Change 0.340(3.38%)		Mkt cap ! $536.3M

Open	High	Low	Value	Volume
$10.07	$10.56	$9.99	$1.554M	151.1K

Buyers (Bids)

No.	Vol.	Price($)
1	137	$10.39

Sellers (Offers)

Price($)	Vol.	No.
$10.49	290	1

View Market Depth

No.	Vol.	Price($)
1	522	10.320
1	2108	10.100
1	300	9.870
1	55	9.850
1	53	9.730

Price($)	Vol.	No.
10.500	5000	1
10.590	150	1
10.610	700	1
11.200	500	1
12.950	500	1

Last trade - 16.10pm 10/05/2024 (20 minute delay)


Last $10.46			Change 0.340 ( 4.60 %)
Open	High		Low	Volume
$9.99	$10.50		$9.99	5608
Last updated 15.59pm 10/05/2024 ?

PAC (ASX) Chart