Hi @barny
Nothing is 100% guaranteed in this process. Remember PAC has received an offer previously at $7.40.
This offer feels more certain but could still fall through.
The risks are all on whether River Capital will support the bid or not at the moment. If they accept then the next level will be what Regal does. Perpetual is next, but I would suggest they would sell.
If confirmed, it will take some time to get through the process (107 days as per above post). Like Greg was saying there are greater opportunities in the market. An investor would be missing $1.20 based on yesterday’s closing price of $9.80 or a 12.2% return before tax. Putting this into a high interest saver account at 4.5% will get part of the money back and reduce risk significantly.
You could also get some back by investing in GQG as they are forecast to pay 10% in dividends this year at current share price. There is the potential for capital increases too.
You’d have to determine best course of action for yourself.
Best of Luck
Lost
Hi @barnyNothing is 100% guaranteed in this process. Remember...
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Last
$11.08 |
Change
0.280(2.59%) |
Mkt cap ! $571.4M | |||
| Open | High | Low | Value | Volume |
| $10.77 | $11.08 | $10.75 | $428.9K | 39.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 363 | $11.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.11 | 112 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |