PAC 1.99% $10.27 pacific current group limited

VPC Specialty Lending (VSL:LSE) winding down £228M @82p ($AUD403M) value, page-2

  1. 675 Posts.
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    Thanks Lost - Very interesting reading.

    Return to PAC would be subject to a lot of variables. Timing of distributions by VPC to PAC from this exercise would probably not flow through this current FY - more likely FY24. Exchange rates, taxation and possibility of hanging onto significant debt management fees will also have an impact.

    Even so, if the wind up goes ahead, PAC should conservatively see north of $AU10m flow back to us. On the basis of FY22 Underlying NPAT of $AU27.1m, this would be a once-off bonus of around 35% for the next 2 year period, as well as other ongoing increases already in the pipeline.

    Hence I continue to hope that takeover activity does not ruin our potential.

    Cheers Westwind
 
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