Hi @Lambingflat
I think they need to wait for the end of financial year results and expert tax advice. Suspect July we will see an announcement.
Based on my back of envelope calculations, if PAC management buy back shares based on asset sales of GQG/Proterra and last years revenue contributions, revenue contributed by GQG/Proterra was approximately 58% of revenue.
If PAC management buyback 58% of shares on issue using cash on hand, believe the price justifiable is $8. Note: I have excluded Pennybacker as Capital will come through over next two years.
This year we would need to see an increase of revenue contributed by VPC and others, if we are to justify a higher buyback price. If buyback is at higher price and revenue contributed stays the same, the earnings/share price will decline once buyback is complete.
Fingers crossed VPC have a watershed year.
Best of Luck
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Hi @LambingflatI think they need to wait for the end of...
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Last
$10.36 |
Change
0.060(0.58%) |
Mkt cap ! $534.3M | |||
| Open | High | Low | Value | Volume |
| $10.25 | $10.45 | $10.25 | $222.1K | 21.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $10.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.50 | 5000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |