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.
The next catalyst for adjusting the NAV would be seeing either a...
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Last
$10.05 |
Change
-0.150(1.47%) |
Mkt cap ! $518.3M | |||
| Open | High | Low | Value | Volume |
| $10.12 | $10.21 | $10.05 | $499.8K | 49.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7127 | $10.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.15 | 2005 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$10.10 |
Change
-0.150 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $10.17 | $10.17 | $10.10 | 1596 | ||
| Last updated 15.48pm 30/04/2024 ? | |||||
| PAC (ASX) Chart |