Hi Ciao.
I’m a long term investor but I can’t comment for other posters.
My reason for hold PAC is that I find the shares externally under valued. We know the value of GQG to PAC being approx $240M and with about $80M currently in the bank you are getting the other boutiques which are delivering $30M in revenue to PAC for only approx $50M. I believe the value will be hopefully realised in time ,along the way I’m receiving a dividend near 6%fully franked.
The other reason I’m holding this company is I find fund managers extremely easy to understand. If you can capture a fund with net positive inflows and growing markets over time you get a double uplift in revenues with stable overheads going forward. This leads to above growth EPS.
I only tend to sell if management make to many mistakes or I will sometime trim a position if I think a stock has run to far. A company I would put in this category at the moment would be PNI. The problem with selling is in that sort of instance it creates CGT. Unfortunately I missed an opportunity here but would definitely add share if I thought the price was attractive enough.
I maybe biased in my thinking as my total portfolio is made up of PAC,FID,BFG,EZL,MFG,SEQ,with PAC my biggest holding and SEQ the smallest. I’ve held FID,BFG,MFG for about 5 years PAC I resumed a position about 18 months ago and EZL and SEQ which are smaller positions in the last 12 months.
Cheers Greg
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$10.70 |
Change
-0.010(0.09%) |
Mkt cap ! $558.5M |
Open | High | Low | Value | Volume |
$10.74 | $10.75 | $10.68 | $145.7K | 13.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 184 | $10.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.72 | 184 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90 | 10.600 |
1 | 900 | 10.550 |
1 | 1959 | 10.540 |
1 | 3500 | 10.510 |
1 | 300 | 10.500 |
Price($) | Vol. | No. |
---|---|---|
10.900 | 5000 | 1 |
10.910 | 940 | 1 |
11.000 | 1587 | 1 |
11.480 | 1000 | 1 |
11.500 | 2144 | 2 |
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