Hi Lost. Thanks for the charts it make doing workings and assumptions a lot easier.
Now my take on earnings ,I think yours are to optimistic.
The way I would break it down is 1HY v 2HY. PAC 1HY 23cps.
PAC 2HY. Please note I’m round these numbers out roughly.
Tier 1 boutiques.
Aether ,VPC fairly flat 1HY v 2HY. Possibly slightly negative.
Carlisle down =Proterra up. One negates the other.
GQG up a lot but we don’t receive revenue equal to FUM growth. What that amount is a guess but going on previous years and we get the major benefit in 2HY lets allocate an extra $4 mil for the half.
Tier 2 boutiques.
Some good performance from ROC ,EAM and Pennybacker. Blakecrane slight negative.
Full year 2020 revenues for Tier 2 was only $8.6 mil. We don’t know their fee margin but lets be generous and allocate $12 in revenues for FY2121 of which we could indicate an extra $2mil in the 2HY v 1HY.
With the $4mil from GQG is a total of $6mil extra management fee 2HY v 1HY.
Now lets assume performance fees and management expenses are stable for 2HY that’s $6 mil extra less tax
Aprox extra 9cps. 2HY 32cps +1HY 23cps=PAC 55cps FY2021 Final div 25-30cps.
My thoughts on 2022. 1HY 32-37cps depending on performance fees. 2HY 37cps. FY 2022 69-74cps.
- Forums
- ASX - By Stock
- PAC
- Ann: Funds under management as at 30 June 2021
Ann: Funds under management as at 30 June 2021, page-16
-
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PAC (ASX) to my watchlist
|
|||||
Last
$11.05 |
Change
-0.050(0.45%) |
Mkt cap ! $576.7M |
Open | High | Low | Value | Volume |
$11.14 | $11.21 | $11.02 | $798.7K | 72.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1567 | $11.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.50 | 750 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1567 | 11.050 |
1 | 263 | 11.030 |
1 | 263 | 11.020 |
1 | 263 | 11.010 |
2 | 4836 | 11.000 |
Price($) | Vol. | No. |
---|---|---|
11.500 | 750 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
PAC (ASX) Chart |