Hi All
It isn’t easy to value PAC’s stake in IFP, but here is news showing a competitor valuing a $USD100B broker at $USD1.1B including earn out provision:
https://citywire.com/pro-buyer/news/lpl-financial-agrees-to-acquire-100bn-atria-wealth-solutions/a2436151?re=117390&ea=1098386&utm_source=BulkEmail_International+Daily+US+Domestic&utm_medium=BulkEmail_International+Daily+US+Domestic&utm_campaign=BulkEmail_International+Daily+US+Domestic
IFP has approximately $USD10B, placing a fair valuation of $USD110M on the business. PAC’s stake is 24.9%, meaning if a transaction were to take place at recent valuation then PAC would receive $USD27M or $AUD42M. Not bad for an approximate $USD5M investment.
Best of Luck
Lost
Competitor of Independent Financial Partners takeover
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Last
$11.00 |
Change
0.300(2.80%) |
Mkt cap ! $574.1M | |||
| Open | High | Low | Value | Volume |
| $10.90 | $11.31 | $10.75 | $6.456M | 584.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 339 | $10.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.22 | 5000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PAC (ASX) Chart |