Australia's largest stock trading and investment forum Australia's #1 stock forum

PAC

Click for more information

0.77%

$10.49 pacific current group limited

copia is not investment manager but its multiboutique like PAC....

First 74 Last

Share
Profile

Follow
SP007

1,113 Posts.

150

25/10/21

20:02

Post #: 57059717
Share

Originally posted by lost: ↑

Hi All

The pre-quotation disclosure statement shows PAC received more shares than the 4% number I was expecting. It is an additional 1M shares or $2M (every little bit counts).
PAC holding is 119,121,254 shares. For every 10c movement in GQG share price, it moves PAC's underlying net assets by 23.3c.
It also reduces the other parts of PAC market valuation by 4c per share, from $1.81 to $1.77.

I believe that is what Copia Investment Partners are looking at.

PAC is ripe for a break up as a Net-Net buy. Someone has to run over the number of PAC now and sell off the parts.
If a Private Equity players pitches a bid at $8 (unfortunately this will succeed) and then just needs to hold GQG shares for 9 months before selling off. You essentially get the rest of the business so cheap, you can hold and rake off the current earnings of 26c per share from other boutiques for 7 years and have most debt paid off.

It would be nice to have a spare $400M lying around somewhere The things we could do.

Best of Luck
Lost

Expand

copia is not investment manager but its multiboutique like PAC. maybe they will consider consolidating PAC?

peter polson is on the board of copia and also on the board of fidante (multi boutique owned by challenger).

PAC Price at posting: $7.52 Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

Talking Australia's very competitive property landscape: Realty Talks

AI stocks: What to expect in 2024-25

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

EVN

Evolution shares up 3% on quarterly results for June showing rise in gold production

NRX

Noronex joins forces with South32 to look for copper in Namibia

There are more pages in this discussion • 17 more messages in this thread...

First 74 Last

Add PAC (ASX) to my watchlist

(20min delay)
Last $10.49		Change 0.080(0.77%)		Mkt cap ! $547.5M

Open	High	Low	Value	Volume
$10.30	$10.50	$10.30	$178.4K	17.17K

Buyers (Bids)

No.	Vol.	Price($)
2	1650	$10.20

Sellers (Offers)

Price($)	Vol.	No.
$10.52	5000	1

View Market Depth

No.	Vol.	Price($)
2	1650	10.200
1	300	10.110
5	1450	10.100
1	500	10.080
2	2200	10.070

Price($)	Vol.	No.
10.520	5000	1
10.540	3380	1
10.650	130	1
10.670	2768	1
10.760	2000	1

Last trade - 16.10pm 18/07/2024 (20 minute delay)

PAC (ASX) Chart