PAC 2.80% $11.00 pacific current group limited

PAC valuation based on VGI and Regal Merger, page-8

  1. 2,883 Posts.
    lightbulb Created with Sketch. 1158
    To add to previous post on Regal, the revenue numbers I have for Regal are $151M for the last full financial year (source: DNB).

    This would put the combined businesses at $233M in revenue, which is not far behind PTM. This is pretty amazing given $5.6B in FUM, it would mean fees (management and performance fees) are at roughly 4% of FUM.

    How does Regal sustain these revenues? Believe we will see the details of these numbers soon enough once further financial information is published prior to the merger.

    Best of Luck
    Lost
 
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