PAC 0.47% $10.75 pacific current group limited

value?, page-4

  1. 679 Posts.
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    My reading of the Ann Rpt indicates eps of 29.3c and negative cashflow of $1.89m after paying dividends of 34c, so either way they look like they have dipped into reserves to pay the dividend.

    They have sold control of Premium Investors to WAM for $700,000 but can't see what value they had on it in the balance sheet - so it could be another abnormal item this FY, maybe up, maybe down. It also takes away $80m of FUM

    The company has historically been conservative with its dividend payout ratio (around 60-70%) so they must be reasonably confident they can bounce back to earnings in the 35-45c range and maintain the dividend.

    Yes I do hold.
 
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