With the above, PAC should be above $5 this month, heading towards $6 by the end of the month.
When PAC announce full year financial results at the end of August expectations are high, but also there will be a large pile of cash which they can’t seem to invest anywhere. The cash at bank should have built up to $50 Million and it is quite possible they can pay a dividend of up to $1 fully franked (not saying they will).
If someone decides to buy this company today it is an absolute bargain with this cash. Theoretically buying businesses worth over $400 Million with $50 Million cash on top.
Best of Luck
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Last
$10.76 |
Change
0.240(2.28%) |
Mkt cap ! $561.6M | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.86 | $10.60 | $1.144M | 105.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 244 | $10.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.83 | 45000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |