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$10.87 pacific current group limited

Ann: GQG Listing, page-74

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SP007

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25/10/21

20:02

Post #: 57059717
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Originally posted by lost: ↑

Hi All

The pre-quotation disclosure statement shows PAC received more shares than the 4% number I was expecting. It is an additional 1M shares or $2M (every little bit counts).
PAC holding is 119,121,254 shares. For every 10c movement in GQG share price, it moves PAC's underlying net assets by 23.3c.
It also reduces the other parts of PAC market valuation by 4c per share, from $1.81 to $1.77.

I believe that is what Copia Investment Partners are looking at.

PAC is ripe for a break up as a Net-Net buy. Someone has to run over the number of PAC now and sell off the parts.
If a Private Equity players pitches a bid at $8 (unfortunately this will succeed) and then just needs to hold GQG shares for 9 months before selling off. You essentially get the rest of the business so cheap, you can hold and rake off the current earnings of 26c per share from other boutiques for 7 years and have most debt paid off.

It would be nice to have a spare $400M lying around somewhere The things we could do.

Best of Luck
Lost

Expand

copia is not investment manager but its multiboutique like PAC. maybe they will consider consolidating PAC?

peter polson is on the board of copia and also on the board of fidante (multi boutique owned by challenger).

PAC Price at posting: $7.52 Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last $10.87		Change -0.040(0.37%)		Mkt cap ! $566.3M

Open	High	Low	Value	Volume
$10.95	$10.95	$10.84	$72.46K	6.65K

Buyers (Bids)

No.	Vol.	Price($)
8	378	$10.84

Sellers (Offers)

Price($)	Vol.	No.
$10.87	192	5

View Market Depth

No.	Vol.	Price($)
7	369	10.840
3	187	10.830
3	247	10.820
4	421	10.810
4	422	10.800

Price($)	Vol.	No.
10.870	192	5
10.880	5118	2
10.890	140	1
10.900	4934	4
10.910	140	1

Last trade - 14.03pm 21/10/2024 (20 minute delay)

PAC (ASX) Chart

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