100% agree! I wouldn’t be selling PAC under $10 at the moment. Morningstar valuation is at $9.15.
Ords is expecting to see growth double digit growth over the next two years too - 10.3% FY22 and 20.5% FY23. Not many businesses have such good growth prospects at the moment. This is on the back of VPC, ROC, Banner Oaks and GQG.
Throw in some leverage and buy a couple of additional Banner Oaks, growth should be double digits into FY24 and increase FY23 to more than 30%.
There is definitely some rapid growth in the years ahead for PAC.
Best of Luck Lost
PAC Price at posting:
$7.67 Sentiment: Buy Disclosure: Held
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