Update on Victory Park investment.
Ord Minnett who seem to have an open door arrangement with PAC advise that they think this recent investment will increase FY19 earnings by 31% to 50cps and dividend to 35cps. For some reason they have not increased their target price ($9).
Source FNArena Brokers Call.
Reassuring for shareholders even if the market is unimpressed.
Ann: PAC makes strategic investment in Victory Park Capital, LLC, page-8
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Last
$10.65 |
Change
0.150(1.43%) |
Mkt cap ! $549.2M | |||
| Open | High | Low | Value | Volume |
| $10.53 | $10.90 | $10.47 | $350.9K | 32.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 175 | $10.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.77 | 4988 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |