PAC

0.00%

$10.90 pacific current group limited

Ann: FY2018 Results Announcement and Investor Presentation, page-7

First 7 Last

Share
Profile

Follow
Westwind

679 Posts.

114

04/09/18

15:23

Post #: 35406572
Share

Originally posted by lost ↑

Hi Westwind
Only took a few notes today. They basically went through the slides and the following were points discussed:
1) material investment to be made within 6 months (parting comment from Mike Fitzpatrick was to look forward to a great year!)
2) diverse opportunities currently on table, they are a large (>$25M) active equity manager and smaller private equity plays (between $10M - $25M)
3) Paul Greenwood confident that earnings will be greater than Aperio’s earnings contribution, by at least $2M greater.
4) Opportunities within 8 x EBITDA, Aperio 14x sale price
5) Alphashares contributed significant earnings. Management was pleasantly surprised with its contribution considering its size and the effort they need to put into operating (not much effort at all).
6) Aperio earnings are the same as Aether with smaller FUM, henceforth confident they can deploy capital and earn more than previous.

There were only a couple of questions from Ords (above were responses to Nick’s questions). There were some other points but didn’t take everything down.

Paul G talked about PAC’s near death experience in 2009 and the movement from an Active Equity Portfolio Strategy to more of a stable spread of Private and Active Equity portfolios. Active Portfolio and Growth Strategy current objective is to move it to 50%. Management don’t want to be in the same position in a future downturn with decreased earnings from volatile equity markets.

I believe they are in a good position and have achieved this goal. Time will tell and I am investing more when money is availavle in SMSF from our $0.22 dividend per share.

Best of Luck
Lost

Expand

Thanks Lost. Excellent summary
Most appreciated
Westwind

PAC Price at posting: $7.00 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

WGX

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GRX

GreenX picks up prospective copper project in Germany

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

There are more pages in this discussion • 6 more messages in this thread...

First 7 Last

Add PAC (ASX) to my watchlist

(20min delay)
Last $10.90		Change 0.000(0.00%)		Mkt cap ! $568.9M

Open	High	Low	Value	Volume
$10.90	$10.90	$10.60	$143.2K	13.38K

Buyers (Bids)

No.	Vol.	Price($)
1	2322	$10.70

Sellers (Offers)

Price($)	Vol.	No.
$10.90	17765	4

View Market Depth

No.	Vol.	Price($)
1	2322	10.700
1	400	10.400
1	500	10.260
1	150	10.200
1	200	10.150

Price($)	Vol.	No.
10.900	17765	4
10.990	1530	2
11.000	2000	1
11.050	37	1
11.340	14000	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

PAC (ASX) Chart

Ann: FY2018 Results Announcement and Investor Presentation, page-7

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: FY2018 Results Announcement and Investor Presentation, page-7

Top Stories

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News