Greg, you should look at PAC as a portfolio for sale rather than an income stream as much of the holdings are designed for sale.
Plugging in GQG's latest market cap alone, PAC's non current assets should be $641m and therefore net assets of $548m ($10.62 per share).
If all the boutiques were mark-to-market like GQG, it should mean a share price north of $10.62.
Ann: Appendix 4D and Condensed Interim Financial Report, page-8
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Last
$10.76 |
Change
0.270(2.57%) |
Mkt cap ! $561.6M | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.76 | $10.16 | $1.752M | 163.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $10.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.85 | 55 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |