Another couple of quick points here:
There is guaranteed $12.83 in assets on PAC's balance sheet - $8.91 is effectively cash
The three high performing boutiques will not lose value - add $3.92
Net $11.72 after debt
This is an 11% return on current share price (minimum over two years) - $1.20/$10.52
This means the remaining boutiques are a bet on a greater return. Assume PAC board only gets $52M for these holdings or $1 per share.
This is a 21% return on current share price - $2.20/$10.52
Believe it would be conservative to assume that VPC or ROC, if sold, are undervalued based on fair value. This would add another $1 to the return.
This is a 30% return on current share price - $3.20/$10.52
Best of Luck
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Another couple of quick points here:There is guaranteed $12.83...
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Last
$10.56 |
Change
-0.040(0.38%) |
Mkt cap ! $551.2M | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.61 | $10.49 | $403.4K | 38.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2823 | $10.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.64 | 247 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PAC (ASX) Chart |