Ann: GQG Listing, page-24

A lazy 74 bagger at a minimum haha

Hopefully, any one of their previous investments in other boutiques or any future ones, can be multi baggers too.

I just can't get past the fact that at the assumed GQG's minimum market cap of $5.9b, PAC's investment IN GQG represents 78% of PAC's own market cap (at today's price). At the high end of GQG's potential valuation, it represents almost 86%. That means all other investments or assets in PAC are attributed little to no value - which makes little sense. There seems only one way PAC's share price can go, to reconcile and close such disparity.

The likely dividend from GQG on day 1 of 5pc will represent about $0.23 per PAC share (only 4% stake, not include the earnings on the 1% that may be invested elsewhere).