I strongly suspect all shareholders will be asked to sell down equally, so PAC goes to 4%. There is no obvious need for fresh capital, so I doubt much new issuance is likely. The benefit in my mind to GQG of listing is:
a) raised profile in Australia (small but lucrative market where asset managers trade at fair multiples)
b) enhanced ability to use scrip for the acquisition of new teams/talent to enhance existing strategies or seed new strategies
Rajiv is pretty damn smart, so there are probably a bunch of other things as well.
GQG Partners, page-42
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Last
$10.88 |
Change
-0.030(0.27%) |
Mkt cap ! $567.9M | |||
| Open | High | Low | Value | Volume |
| $10.95 | $10.95 | $10.83 | $227.7K | 20.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 172 | $10.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.88 | 85 | 1 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| PAC (ASX) Chart |