Hi All
It isn’t easy to value PAC’s stake in IFP, but here is news showing a competitor valuing a $USD100B broker at $USD1.1B including earn out provision:
https://citywire.com/pro-buyer/news/lpl-financial-agrees-to-acquire-100bn-atria-wealth-solutions/a2436151?re=117390&ea=1098386&utm_source=BulkEmail_International+Daily+US+Domestic&utm_medium=BulkEmail_International+Daily+US+Domestic&utm_campaign=BulkEmail_International+Daily+US+Domestic
IFP has approximately $USD10B, placing a fair valuation of $USD110M on the business. PAC’s stake is 24.9%, meaning if a transaction were to take place at recent valuation then PAC would receive $USD27M or $AUD42M. Not bad for an approximate $USD5M investment.
Best of Luck
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Last
$10.15 |
Change
-0.030(0.29%) |
Mkt cap ! $527.0M |
Open | High | Low | Value | Volume |
$10.13 | $10.22 | $10.11 | $143.9K | 14.16K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 322 | $10.11 |
Sellers (Offers)
Price($) | Vol. | No. |
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$10.15 | 862 | 2 |
View Market Depth
No. | Vol. | Price($) |
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4 | 322 | 10.110 |
3 | 6227 | 10.100 |
1 | 190 | 10.090 |
2 | 690 | 10.080 |
2 | 3197 | 10.050 |
Price($) | Vol. | No. |
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10.150 | 477 | 1 |
10.160 | 258 | 3 |
10.170 | 190 | 1 |
10.180 | 160 | 1 |
10.190 | 690 | 2 |
Last trade - 15.43pm 08/05/2024 (20 minute delay) ? |
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Last
$10.11 |
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Change
-0.030 ( 0.43 %) |
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Open | High | Low | Volume | ||
$10.12 | $10.13 | $10.11 | 77 | ||
Last updated 15.58pm 08/05/2024 ? |
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