Hi All
It isn’t easy to value PAC’s stake in IFP, but here is news showing a competitor valuing a $USD100B broker at $USD1.1B including earn out provision:
https://citywire.com/pro-buyer/news/lpl-financial-agrees-to-acquire-100bn-atria-wealth-solutions/a2436151?re=117390&ea=1098386&utm_source=BulkEmail_International+Daily+US+Domestic&utm_medium=BulkEmail_International+Daily+US+Domestic&utm_campaign=BulkEmail_International+Daily+US+Domestic
IFP has approximately $USD10B, placing a fair valuation of $USD110M on the business. PAC’s stake is 24.9%, meaning if a transaction were to take place at recent valuation then PAC would receive $USD27M or $AUD42M. Not bad for an approximate $USD5M investment.
Best of Luck
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Last
$10.87 |
Change
-0.050(0.46%) |
Mkt cap ! $566.3M |
Open | High | Low | Value | Volume |
$10.91 | $10.97 | $10.76 | $92.80K | 8.51K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 965 | $10.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.89 | 214 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 965 | 10.860 |
3 | 1231 | 10.850 |
1 | 7861 | 10.840 |
1 | 140 | 10.830 |
2 | 376 | 10.820 |
Price($) | Vol. | No. |
---|---|---|
10.890 | 197 | 6 |
10.910 | 188 | 3 |
10.920 | 180 | 3 |
10.930 | 452 | 4 |
10.940 | 4833 | 2 |
Last trade - 15.06pm 03/07/2024 (20 minute delay) ? |
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