Professional
Added to YB: 2024-12-12
Pitch date: 2024-12-12
PAC.AX [bullish]
Pacific Current Group Limited
-11.93%
current return
Author Info
No bio for this author
Company Info
Pacific Current Group Limited engages in multi-boutique asset management business worldwide. It manages assets for institutional and individual clients.
Market Cap
AUD 618.0M
Pitch Price
AUD 11.24
Price Target
13.70 (+38%)
Dividend
3.21%
EV/EBITDA
1.81
P/E
5.55
EV/Sales
1.71
Sector
Capital Markets
Category
special_situation
Pacific Current Group (PAC.AX): Deep Value Opportunity with Accretive Buyback and Future Upside
PAC.AX: Post-buyback NAV ~$17.12/share. 50% buyback at $12, highly accretive. Residual co >50% cash/financial assets. Regular cash inflows enable future buybacks. 20% discount to new NAV ($13.7) reasonable. Current 32% discount cheap for remaining assets. Possibility of full wind-down or takeover bid.
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