FYI - on repaying debt, PAC won’t do this for 18 months. There are penalty clauses on paying debt too early.
Buy backs were hinted at in the latest conference call and I believe will be the best way to use capital at this stage.
I am confident any new investment will not grow revenues at GQG’s pace. PAC Management are definitely focused on capital gains over the long term. GQG 33 times return on investment one case in point.
PAC Price at posting:
$9.29 Sentiment: Buy Disclosure: Held
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