Very compelling risk/return hence I brought a small position today. Would have been larger but due to my position in GQG i don't want too much concentration risk. There's an obvious mis-pricing with NAV now $10.46 per share and I believe the market is discounting management's ability to recycle capital through realising gains and buying another company at a lower valuation (GQG into Banner Oaks is a great example).
I posted about this mis pricing on the Fund Managers board in more detail, it took a while to get my head around the different boutiques otherwise I would have brought earlier. Looking forward to the December numbers.
Cheers,
Plague.
Updated perspective on PAC Valuation (ex-GQG) - $8.375 is revised price, page-9
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Last
$10.69 |
Change
-0.070(0.65%) |
Mkt cap ! $557.9M | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.78 | $10.62 | $180.1K | 16.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 107 | $10.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.70 | 676 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |