PAC 1.11% $10.68 pacific current group limited

VPC Specialty Lending (VSL:LSE) announced distribution of Net Assets

  1. 2,858 Posts.
    lightbulb Created with Sketch. 1155
    Hi All

    This is interesting news from a Victory Park perspective:
    https://otp.investis.com/clients/uk/vpc_plc/rns/regulatory-story.aspx?cid=1083&newsid=1807575

    Victory Park owns 20% of VSL:LSE after receiving shares for payment in lieu of management fees - circa $3M in pounds per annum.

    The sell down process should mean VPC generate circa $USD50M (25% approximately to PAC - $AUD17.5M @66c AUD/USD) over a couple of years.

    All numbers above are approximate only, assume PAC is entitled to this capital/VPC will pay it out and not reinvest in its business.

    Best of Luck
    Lost
 
watchlist Created with Sketch. Add PAC (ASX) to my watchlist
(20min delay)
Last
$10.68
Change
-0.120(1.11%)
Mkt cap ! $556.9M
Open High Low Value Volume
$10.80 $10.86 $10.55 $691.7K 64.40K

Buyers (Bids)

No. Vol. Price($)
1 160 $10.68
 

Sellers (Offers)

Price($) Vol. No.
$10.69 81 6
View Market Depth
Last trade - 14.45pm 22/07/2024 (20 minute delay) ?
PAC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.