PAC 0.39% $10.40 pacific current group limited

News: PAC Pacific Current Group Total Funds Under Management Up 9.7% During June Qtr, page-4

  1. 55 Posts.
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    The headline funds under management is very good however Victory Park managing less than when it was acquired is a concern. 12 months of ownership has seen a reduction in the size of the business suggesting overpayment on acquisition. The Alphashares business looks like it is close to dead and Sseizert going backwards in a market that has been so strong is alarming. The growth in GQG is a positive but of limited earnings accretion to shareholders. The company has little debt which is a positive. It looks so much like a company ready to be swallowed up. A health dividend should be expected with cash sitting lazy on the balance sheet.
 
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