Hi @jace.h
Regarding VGI Profit and Loss, here is what I do to normalise:
Had only glanced at previously and reduced profit by Performance fees. Didn't take into account reduced tax as a result of no performance fees.
Theoretically taxes would only be 30% on 20.117M or about 6M, so NPAT would be $14.081M, give or take. Understand this year is looking different with $50M in the first half performance fees, but doesn't make a whole bunch of sense.
In terms of the performance fees, how did they earn $50M on FUM when they had reduced FUM by $600M for the year (or reduced overall FUM by 20%)? Do you know if some of the fees have been carried across from the prior financial year?
I only typically write off performance fees for future years of Fund Managers when they are performing poorly.
Interested to hear your thoughts.
Best of Luck
Lost
- Forums
- ASX - By Stock
- PAC
- PAC valuation based on VGI and Regal Merger
PAC valuation based on VGI and Regal Merger, page-7
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PAC (ASX) to my watchlist
(20min delay)
|
|||||
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. |
---|---|---|
$11.22 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 10.950 |
1 | 1995 | 10.910 |
2 | 6000 | 10.900 |
1 | 100 | 10.880 |
1 | 150 | 10.700 |
Price($) | Vol. | No. |
---|---|---|
11.220 | 5000 | 1 |
11.260 | 11313 | 1 |
11.750 | 500 | 1 |
11.980 | 1500 | 1 |
14.000 | 500 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
PAC (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online