Hi All
It isn’t easy to value PAC’s stake in IFP, but here is news showing a competitor valuing a $USD100B broker at $USD1.1B including earn out provision:
https://citywire.com/pro-buyer/news/lpl-financial-agrees-to-acquire-100bn-atria-wealth-solutions/a2436151?re=117390&ea=1098386&utm_source=BulkEmail_International+Daily+US+Domestic&utm_medium=BulkEmail_International+Daily+US+Domestic&utm_campaign=BulkEmail_International+Daily+US+Domestic
IFP has approximately $USD10B, placing a fair valuation of $USD110M on the business. PAC’s stake is 24.9%, meaning if a transaction were to take place at recent valuation then PAC would receive $USD27M or $AUD42M. Not bad for an approximate $USD5M investment.
Best of Luck
Lost
Competitor of Independent Financial Partners takeover
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Last
$10.15 |
Change
0.050(0.50%) |
Mkt cap ! $523.4M | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.28 | $9.95 | $273.1K | 27.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 146 | $10.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.20 | 40 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$10.24 |
Change
0.050 ( 1.19 %) |
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| Open | High | Low | Volume | ||
| $10.10 | $10.27 | $9.99 | 88 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| PAC (ASX) Chart |