Hi All
Here is the math between PAC and GQG share price movements:
GQG increase/decrease adds/reduces PAC’s underlying assets by 23c
PAC owns 118,112,000 shares in GQG (until August 2022 at least)
10c price movement in GQG is worth $11.8112M to PAC
Divide $11.8112M by PAC shares on issue, 51,037,552 is 23c per share.
43.5c movement in GQG share price will increase/decrease PAC share price by $1
It will be interesting to see any discrepancies between the two and the level of arbitrage opportunity available.
Typically PAC share price moves up when quarterly FUM is due or earnings announcements are due, but with GQG potentially reporting FUM monthly, the historic share price movements of PAC should change in alignment with this.
Best of Luck
Lost
Hi AllHere is the math between PAC and GQG share price...
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Last
$10.66 |
Change
-0.050(0.47%) |
Mkt cap ! $556.4M | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.83 | $10.60 | $1.033M | 96.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $10.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.85 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PAC (ASX) Chart |