Hi @SP007
GQG is currently $3 ($154M) of PAC’s $7.98 per share Net Assets.
Theoretically the remainder of PAC is $4.98 per share.
Because GQG listing has an actual market valuation now we know the underlying asset valuation on PAC’s balance sheet is under by $137M, calculated as follows:
$236M (118.112M shares @$2ea)
minus $154M (current holding value)
= $82M + $55M in cash after costs
The difference as per financial report is $2.68 per PAC share or another way GQG shares and cash is worth $5.68 per PAC share.
At today’s share price of $7.49, the market is pricing the rest of PAC at $1.81. Someone forgot to tell Mr Market PAC will still own 4% and have a lot of cash for reinvesting.
Bit of a joke
I’m Lost
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Ann: GQG Listing, page-72
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Last
$10.49 |
Change
0.080(0.77%) |
Mkt cap ! $547.5M |
Open | High | Low | Value | Volume |
$10.30 | $10.50 | $10.30 | $178.4K | 17.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1650 | $10.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.52 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 10.510 |
1 | 1000 | 10.310 |
1 | 400 | 10.300 |
2 | 1650 | 10.200 |
1 | 300 | 10.110 |
Price($) | Vol. | No. |
---|---|---|
10.540 | 3380 | 1 |
10.670 | 2768 | 1 |
10.760 | 2000 | 1 |
10.800 | 3091 | 1 |
10.950 | 5 | 1 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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