Hi @apoel
I don’t know how PAC has stayed so undervalued to Net Assets over the last few years. Not sure how PAC is going to be valued moving forward. In my opinion the GQG investment proves PAC has become a growth stock from a value stock and valuation PE ratios should reflect this, moving to at least 18 times earnings (a bit above $9).
Historically PAC has surpassed Net Assets and was valued as a high growth business, then merger caused a lot of problems and investors fled.
Time will change valuation, could be this year or it could take 5 years. Broker updates from Ords valuing PAC at more than $10 based on GQG listing is one trigger. Another analyst placing recommendations on PAC from a Macquarie or UBS would be another trigger.
Best of Luck
Lost
Ann: GQG Listing, page-80
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Last
$10.88 |
Change
-0.030(0.27%) |
Mkt cap ! $567.9M | |||
| Open | High | Low | Value | Volume |
| $10.95 | $10.95 | $10.83 | $227.7K | 20.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 172 | $10.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.88 | 85 | 1 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| PAC (ASX) Chart |