Hi @saintex
A buyback would be welcomed by shareholders, PAC is very undervalued.
PAC management have stated that they wouldn't undertake a share buyback. They specifically stated that they are looking at investing in too many boutique businesses that will have a positive impact on the share price. This was considered to be inside information on positive future performance.
I am happy if they hold GQG shares for the long term and sell down small parcels when they find a boutique opportunity growing at a higher rate than GQG. GQG is a very good benchmark to have, 30%+ growth or do not invest. Holds PAC management to account.
Best of Luck
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What about the rest of PAC?, page-3
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Last
$10.65 |
Change
0.090(0.85%) |
Mkt cap ! $555.9M | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.76 | $10.60 | $209.4K | 19.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 485 | $10.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 99 | 1 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| PAC (ASX) Chart |