With the above, PAC should be above $5 this month, heading towards $6 by the end of the month.
When PAC announce full year financial results at the end of August expectations are high, but also there will be a large pile of cash which they can’t seem to invest anywhere. The cash at bank should have built up to $50 Million and it is quite possible they can pay a dividend of up to $1 fully franked (not saying they will).
If someone decides to buy this company today it is an absolute bargain with this cash. Theoretically buying businesses worth over $400 Million with $50 Million cash on top.
Best of Luck
Lost
Ann: PAC increases stake in Roc Partners, page-11
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Last
$10.71 |
Change
-0.150(1.38%) |
Mkt cap ! $559.0M | |||
| Open | High | Low | Value | Volume |
| $10.86 | $10.86 | $10.69 | $73.43K | 6.843K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7 | $10.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.71 | 237 | 6 |
View Market Depth
| Last trade - 13.48pm 05/11/2024 (20 minute delay) ? |
| PAC (ASX) Chart |