PAC 0.00% $10.30 pacific current group limited

A liquidation will be difficult as the only buyer for a lot of...

  1. 55 Posts.
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    A liquidation will be difficult as the only buyer for a lot of the investments are the existing partners. Who would want to buy Seizert, Nereus, Victory Park for a price that would recover book value? I think a merger with a competitor such as Pinnacle, Perpetual or Challenger or even a US entity such as AMG may extract better value due to the cost synergy. An attractive scrip offer could be made as these firms are trading on higher PEs than PAC.

    The board should appoint advisers and find an exit.
 
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