If River Capital don’t agree now they will end up selling their shares at under $6 per share. They own too much of PAC.
GQG is best to wait.
River Capital will have a lot of investor redemptions if they don’t sell out of PAC. They don’t have that much money. PAC is a very large part of the portfolio.
The question is how much River Capital is in love with PAC. The funds they are looking to acquire will walk from investment agreements. There is also an assumption that Paul Greenwood will stick around. River Capital is very screwed and need to sell to realise any return on this investment.
Ann: PAC provides update on Strategic Transaction Process, page-12
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Last
$10.28 |
Change
-0.160(1.53%) |
Mkt cap ! $530.1M | |||
| Open | High | Low | Value | Volume |
| $10.41 | $10.44 | $10.17 | $284.5K | 27.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 957 | $10.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.28 | 1 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$10.26 |
Change
-0.160 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $10.41 | $10.42 | $10.17 | 1789 | ||
| Last updated 15.48pm 14/06/2024 ? | |||||
| PAC (ASX) Chart |