PAC momentum is building into the quarterly FUM report due 27/01. We should have another bumper quarter in growth that exceeds all other ASX listed Fund Managers, particularly Victory Park, Banner Oak and PennyBacker (Believe we will get close to 7% quarterly growth).
We already know GQG's FUM grew for the quarter at 5%, higher than all ASX listed Fund Managers, PAC's group of boutiques should be higher than this.
PAC should also be close to buying another smaller boutique or two with borrowed money from SOL and converting funds invested in the ALTI convertible note into equity. This will accelerate FUM growth through 2023.
The good news should outweigh possible negatives in Nereus and Blackcrane being closed down or sold.
Best of Luck Lost
PAC Price at posting:
$7.50 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)