I attended.
The meeting was a perfunctory affair which only dealt with the simplification resolutions.
The Chairman Mike Fitzpatrick didn't even bother turning up, nor did directors, Peter Kennedy, Melda Donnelly, Gilles Geurin and Jeff Vincent. PAC director Tony Robinson chaired the meeting with Paul Greenwood the USA based director and CIO with the CFO Joe Ferragina in tow.
My conclusions are like most: 1. a capital raising, 2 asset sales (already flagged).
Ord Minnett is flagging 12 months of cleaning in their latest research report with a price target of >$7 plus.
PAC in Under the Radar Report today, page-17
Add PAC (ASX) to my watchlist
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Last
$10.19 |
Change
-0.060(0.59%) |
Mkt cap ! $525.5M | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.24 | $9.93 | $145.2K | 14.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $10.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 132 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$10.21 |
Change
-0.060 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $10.16 | $10.21 | $10.02 | 1539 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| PAC (ASX) Chart |