PAC 0.47% $10.66 pacific current group limited

Ann: H1 FY23 Results Presentation, page-8

  1. 2,900 Posts.
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    Hi @stayer

    I was anticipating shares would fall a bit further with the DRP price setting period.

    It doesn’t seem like there is much other selling pressure at the moment other than broader market conditions.

    There are some positives for the businesses coming up. They are:
    1. New investment in a boutique this quarter
    2. ALTI Financial have ramped up fund raising efforts. This will convert PAC’s debt instrument into equity when FUM starts coming in.

    On the flip side, if drawn down debt from Soul Pattison isn’t invested soon the interest expense could weigh on earnings. Depending on the timing of investment it could still impact, but if invested we will have earnings to look forward to.

    Best of Luck
    Lost
 
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