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
$10.23 |
Change
-0.220(2.11%) |
Mkt cap ! $527.5M | |||
| Open | High | Low | Value | Volume |
| $10.50 | $10.50 | $10.23 | $141.3K | 13.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $10.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.37 | 423 | 1 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$10.32 |
Change
-0.220 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| $10.41 | $10.47 | $10.32 | 1169 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| PAC (ASX) Chart |