PAC 1.18% $10.88 pacific current group limited

Ann: PAC to Return Surplus Capital to Shareholders, page-7

  1. 105 Posts.
    lightbulb Created with Sketch. 45
    The next catalyst for adjusting the NAV would be seeing either a large shift in a boutiques FUM growth or a sale of a boutique above book value.

    the capitulation of the $AUD does make a argument for a higher price near or above the $13.

    my initial questions / thoughts are
    - would a independent expert set the buy back price or is that relied upon by the board, hopefully independent directors.
    - is river capital going to partipicate in the buy back or is this their way to take control of the company by increasing their ownership % by not selling any stock.
    - liquidity in the stock could dry up now for the next 4 months, with no serious sellers willing to off load on market or do some arb funds look for a quick trading opportunity.
    - post EGM result and change of manager structure, it would be prudent to announce to the ASX, EPS guidance given a large amount of operating expenses is stripped out, but this more a Fy25 issue and I guess it will be radio silence until the August results.
    - being a cynical investor, I'm not convinced the buy back price will be much higher than $11.
 
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Last
$10.88
Change
-0.130(1.18%)
Mkt cap ! $567.9M
Open High Low Value Volume
$10.96 $11.00 $10.77 $427.4K 39.20K

Buyers (Bids)

No. Vol. Price($)
1 5886 $10.88
 

Sellers (Offers)

Price($) Vol. No.
$11.00 41576 4
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
PAC (ASX) Chart
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