Hi Lost
Thanks for the post. It is the clearest advice I have seen on what PAC's financial arrangement might be with GPG. If it includes 21% of profits, as suggested, it was a steal and PAC's future looks much rosier than I have expected. For example Magellan has $45b under management and earned $196m last year. GPG has $12.8b under management, so could it earn $55m per year, with around $11m flowing to PAC? That would add another 20cps to last years earnings, based on just under 50m shares on issue. And there is still more to come when the $120m of spare cash is invested. The 46cps dividend next year looks conservative. I hope Clime have got it right.
Hi Lost Thanks for the post. It is the clearest advice I have...
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$10.70 |
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Mkt cap ! $558.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 184 | $10.67 |
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| Price($) | Vol. | No. |
|---|---|---|
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