Great to see two bidders, like Regal and GQG.
Regal's offer of 11.14 $ (=$7.50 + 2.2 GQG shares) was not that far from PAC's NAV, adjusted for fair value* estimated between $11.43 and $11.93.
So, it is a bit surprising to see that GQG is also going to bid for PAC.
Obviously, given the links** between GQG and PAC, GQG has a good understanding of PAC's business model and its real value.
Maybe just a way to push Regal for a higher bid, as I understand that Regal already offered several bids before.
* estimated by PAC.
** GQG's CEO (Tim Carver) is the ex.CEO of PAC.
Ann: Non-binding Indicative Proposal to acquire Pacific Current, page-26
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Last
$10.80 |
Change
0.310(2.96%) |
Mkt cap ! $563.7M | |||
| Open | High | Low | Value | Volume |
| $10.67 | $10.80 | $10.44 | $765.2K | 71.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $10.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.80 | 5606 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |