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1.06%

$10.29 pacific current group limited

This is the NAV post based on $11.58.Unhappy days was based on...

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lost

2,820 Posts.

1138

17/04/24

19:29

Post #: 73394320
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Originally posted by lost: ↑

Hi @Chrislechat
It was more stating the obvious with the massive pile of cash and PAC management clearly looking to liquidate the boutiques over time. Not many people can easily justify redeploying such a large amount of cash (more than 50% of market cap based on today’s price).

Hi @Shake It
I brought the NAV number down to approx $12.50. I think the buyback should be around this figure with a bit of a discount, but not too much.

Makes sense why River Capital were buying up at $10.50.

Believe Regal will be peeved they missed some easy money over a five month period (potentially on a reduced tax basis).

Share price should exceed takeover offers in the next couple of months as the tax ruling becomes clearer and the potential of earnings coming through from the current boutiques.

Note, we have to see what will come from expert advice put out by the company and the ATO ruling.

Best of Luck
Lost

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This is the NAV post based on $11.58.

Unhappy days was based on not being able to sell the tier two boutiques.

Here is the link to the post:
https://hotcopper.com.au/posts/72931844/single

FYI - Ords and Morningstar have fair value of PAC at $12.50 per share.

What are your thoughts @Lambingflat ? Still at $12.90?

Last edited by lost: 17/04/24

PAC Price at posting: $10.09 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $10.29		Change -0.110(1.06%)		Mkt cap ! $530.6M

Open	High	Low	Value	Volume
$10.30	$10.37	$10.25	$175.9K	17.08K

Buyers (Bids)

No.	Vol.	Price($)
2	338	$10.29

Sellers (Offers)

Price($)	Vol.	No.
$10.45	730	1

View Market Depth

No.	Vol.	Price($)
1	1948	10.270
1	5000	10.200
1	2488	10.150
1	500	10.080
2	2200	10.070

Price($)	Vol.	No.
10.450	730	1
10.500	280	1
10.610	700	1
11.100	284	1
11.200	500	1

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last $10.32			Change -0.110 ( 0.28 %)
Open	High		Low	Volume
$10.25	$10.32		$10.25	962
Last updated 15.47pm 07/06/2024 ?

PAC (ASX) Chart