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.
- Forums
- ASX - By Stock
- PAC
- Ann: PAC to Return Surplus Capital to Shareholders
Ann: PAC to Return Surplus Capital to Shareholders, page-7
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PAC (ASX) to my watchlist
(20min delay)
|
|||||
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. |
---|---|---|
$11.00 | 41576 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5886 | 10.880 |
1 | 100 | 10.760 |
1 | 500 | 10.550 |
1 | 952 | 10.500 |
1 | 1000 | 10.310 |
Price($) | Vol. | No. |
---|---|---|
11.000 | 41576 | 4 |
11.050 | 787 | 2 |
11.340 | 14000 | 1 |
14.000 | 500 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
PAC (ASX) Chart |