Pacific Current Group（PAC）株式概要パシフィック・カレント・グループ・リミテッドは、世界各地でマルチブティック型資産運用事業を展開している。 詳細PAC ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長5/6過去の実績0/6財務の健全性6/6配当金1/6報酬収益は年間57.27%増加すると予測されています リスク分析収益が 100 万ドル未満 ( A$-41M )4.08%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない すべてのリスクチェックを見るPAC Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$10.42該当なし内在価値ディスカウントEst. Revenue$PastFuture-54m298m2016201920222025202620282031Revenue AU$6.7Earnings AU$1.9AdvancedSet Fair ValueView all narrativesPacific Current Group Limited 競合他社Fiducian GroupSymbol: ASX:FIDMarket cap: AU$271.5mAustralian Ethical InvestmentSymbol: ASX:AEFMarket cap: AU$449.6mEQT HoldingsSymbol: ASX:EQTMarket cap: AU$433.7mWhitefield IncomeSymbol: ASX:WHIMarket cap: AU$274.3m価格と性能株価の高値、安値、推移の概要Pacific Current Group過去の株価現在の株価AU$10.4252週高値AU$11.3852週安値AU$9.33ベータ0.451ヶ月の変化-1.74%3ヶ月変化3.78%1年変化-7.38%3年間の変化55.52%5年間の変化87.41%IPOからの変化32.32%最新ニュースお知らせ • Feb 26Pacific Current Group Limited Announces a Fully Franked Ordinary Interim Dividend for the Six Months Ended December 31, 2025, Payable on 9 April 2026On 23 February 2026, Pacific Current Group Limited announced a fully franked ordinary interim dividend of 20.00 cents per share (25 February 2025: unfranked 15.00 cents per share) in respect of the six months ended December 31, 2025. The interim dividend for the 2026 financial year will not be eligible for the Dividend Reinvestment Plan. Record date is 5 March 2026 and Payment date is 9 April 2026. Ex Date is March 4, 2026.お知らせ • Feb 20+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 12, 2026Pacific Current Group Limited, Annual General Meeting, Nov 12, 2026.お知らせ • Oct 15Pacific Current Group Limited (ASX:PAC) announces an Equity Buyback for 2,000,000 shares, representing 6.63% for AUD 20 million.Pacific Current Group Limited (ASX:PAC) announces a share repurchase program. Under the offer, the company will repurchase up to 2,000,000 shares, representing 6.63% of it's share capital for AUD 20 million worth of it's shares. The shares will be purchased at AUD 10 per share. The repurchase program is valid till October 29, 2026. As of October 15, 2025, the company has 30,153,859 shares issued and outstanding.Declared Dividend • Aug 28Final dividend of AU$0.28 announcedShareholders will receive a dividend of AU$0.28. Ex-date: 5th September 2025 Payment date: 10th October 2025 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 46% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Aug 26Full year 2025 earnings released: EPS: AU$1.25 (vs AU$2.13 in FY 2024)Full year 2025 results: EPS: AU$1.25 (down from AU$2.13 in FY 2024). Revenue: AU$128.1m (down 39% from FY 2024). Net income: AU$58.2m (down 47% from FY 2024). Profit margin: 45% (down from 53% in FY 2024). Revenue is expected to decline by 62% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Board Change • Aug 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jo Dawson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.最新情報をもっと見るRecent updatesお知らせ • Feb 26Pacific Current Group Limited Announces a Fully Franked Ordinary Interim Dividend for the Six Months Ended December 31, 2025, Payable on 9 April 2026On 23 February 2026, Pacific Current Group Limited announced a fully franked ordinary interim dividend of 20.00 cents per share (25 February 2025: unfranked 15.00 cents per share) in respect of the six months ended December 31, 2025. The interim dividend for the 2026 financial year will not be eligible for the Dividend Reinvestment Plan. Record date is 5 March 2026 and Payment date is 9 April 2026. Ex Date is March 4, 2026.お知らせ • Feb 20+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 12, 2026Pacific Current Group Limited, Annual General Meeting, Nov 12, 2026.お知らせ • Oct 15Pacific Current Group Limited (ASX:PAC) announces an Equity Buyback for 2,000,000 shares, representing 6.63% for AUD 20 million.Pacific Current Group Limited (ASX:PAC) announces a share repurchase program. Under the offer, the company will repurchase up to 2,000,000 shares, representing 6.63% of it's share capital for AUD 20 million worth of it's shares. The shares will be purchased at AUD 10 per share. The repurchase program is valid till October 29, 2026. As of October 15, 2025, the company has 30,153,859 shares issued and outstanding.Declared Dividend • Aug 28Final dividend of AU$0.28 announcedShareholders will receive a dividend of AU$0.28. Ex-date: 5th September 2025 Payment date: 10th October 2025 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 46% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Aug 26Full year 2025 earnings released: EPS: AU$1.25 (vs AU$2.13 in FY 2024)Full year 2025 results: EPS: AU$1.25 (down from AU$2.13 in FY 2024). Revenue: AU$128.1m (down 39% from FY 2024). Net income: AU$58.2m (down 47% from FY 2024). Profit margin: 45% (down from 53% in FY 2024). Revenue is expected to decline by 62% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Board Change • Aug 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jo Dawson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 20Pacific Current Group Announces Board Changes, Effective July 1, 2025Pacific Current Group has announced the appointment of Justin Arter as the incoming chair. He is to take over the position from July 1, 2025, succeeding Tony Robinson. Arter was previously chief executive of Australian superfund Cbus for 3 years until May 2023.お知らせ • Feb 14+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 14, 2025Pacific Current Group Limited, Annual General Meeting, Nov 14, 2025.Board Change • Feb 04Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jo Dawson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Lead Independent Director Gilles Guérin was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 03Abacus Life, Inc. (NasdaqCM:ABL) completed the acquisition of Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others.Abacus Life, Inc. (NasdaqCM:ABL) agreed to acquire Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others for approximately $150 million on July 18, 2024. A cash consideration will be paid by Abacus Life, Inc. Carlisle shareholders will receive consideration in the form of the Company’s common stock and the Company’s Fixed Rate Senior Unsecured Notes due in 2028 representing approximately 62.3 % and 37.7 % of the purchase price. Transaction is subject to regulatory approval. As of November 7, the deal is expected to close by the end of the fourth quarter. As of November 26, 2024, The transaction has received regulatory non-objection from the Luxembourg Commission de Surveillance du Secteur Financier (“CSSF”) for the acquisition of Carlisle Management Company S.C.A. Following the approval from CSSF, the transaction is expected to close on December 2, 2024. Dynasty Investment Bank acted as financial advisor to Abacus Life, Inc. White & Case LLP and Elvinger, Hoss & Prussen acted as legal advisor to Abacus Life, Inc. ArentFox Schiff LLP and Arendt & Medernach SA acted as legal advisor to Carlisle Management Company. Manorhaven Capital LLC acted as financial advisor to Carlisle Management Company. Abacus Life, Inc. (NasdaqCM:ABL) completed the acquisition of Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others on December 2, 2024. A portion of the Stock Consideration and the New Notes equal to 10% of the Base Purchase Price was placed in escrow for 18 months following the Closing Date to fund payments for the purchase price adjustment and certain post-closing indemnification obligations. At completion, PAC received 1.97 million newly issued Abacus bonds with a total aggregate face value of $49.2 million and bearing an interest rate of 9.875% and 1.36 million shares of Abacus common stock. PAC received 90% of the total value at closing. The bonds will not be subject to restrictions, while the equity will become tradable (in full) on 4 July 2025. The remaining 10% of the total proceeds will be held back on a pro-rata basis (bonds and stock) for 18 months from closing and will be freely tradable upon receipt. Despite the holdback, PAC will be entitled to earnings on these securities during the 18 months post-closing.Declared Dividend • Aug 27Final dividend of AU$0.23 announcedDividend of AU$0.23 is the same as last year. Ex-date: 4th September 2024 Payment date: 3rd October 2024 Dividend yield will be 3.4%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 86% over the next 3 years. Since a fall of 80% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Aug 23Full year 2024 earnings released: EPS: AU$2.13 (vs AU$0.31 loss in FY 2023)Full year 2024 results: EPS: AU$2.13 (up from AU$0.31 loss in FY 2023). Revenue: AU$208.8m (up AU$177.9m from FY 2023). Net income: AU$110.1m (up AU$125.9m from FY 2023). Profit margin: 53% (up from net loss in FY 2023). Revenue is expected to decline by 81% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 14Janus Henderson Group plc (NYSE:JHG) entered into a definitive agreement to acquire 55% stake in Victory Park Capital Advisors, LLC (VPC).Janus Henderson Group plc (NYSE:JHG) entered into a definitive agreement to acquire 55% stake in Victory Park Capital Advisors, LLC (VPC) on August 12, 2024. The Acquisition consideration comprises a mix of cash and unregistered shares of JHG common stock. Pursuant to the Purchase Agreement, JHG will deliver at closing approximately 964,058 shares of Common Stock as partial consideration for the Acquisition. In addition, subject to the achievement of certain revenue targets, JHG will deliver a mix of cash and Common Stock earnout consideration, including up to approximately $27,843,750 in Common Stock, to be payable in 2027. Existing VPC owners will retain 45% ownership interest at closing. VPC will retain its brand and continue to operate as a standalone company and affiliate of JHG. Richard Levy, CEO, CIO & Founder and Brendan Carroll, Senior Partner & Co-Founder will continue to lead the business. There will be no changes to VPC senior management, employees or day-to-day operations. The acquisition is expected to close in the fourth quarter of 2024 and is subject to customary closing conditions, including regulatory approvals. The Acquisition is expected to be neutral-to-accretive to earnings per share in 2025. Ardea Partners LP served as exclusive financial advisor to Victory Park Capital Advisors. Kirkland & Ellis LLP acted as a legal advisor to Victory Park Capital Advisors. Sheppard, Mullin, Richter & Hampton LLP acted as a legal advisor to Janus Henderson Group.お知らせ • Jul 20Abacus Life, Inc. (NasdaqCM:ABL) agreed to acquire Carlisle Management Company for $200 million.Abacus Life, Inc. (NasdaqCM:ABL) agreed to acquire Carlisle Management Company for $200 million on July 18, 2024. A cash consideration will be paid by Abacus Life, Inc. Carlisle shareholders will receive consideration in the form of $73.5 million in par value of Abacus bonds and 9.3 million Abacus common stock, which are subject to closing adjustments and certain performance threshold. Transaction is subject to regulatory approval. Dynasty Investment Bank acted as financial advisor to Abacus Life, Inc. White & Case LLP and Elvinger, Hoss & Prussen acted as legal advisor to Abacus Life, Inc. ArentFox Schiff LLP and Arendt & Medernach SA acted as legal advisor to Carlisle Management Company. Manorhaven Capital LLC acted as financial advisor to Carlisle Management Company.New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (332% payout ratio). Large one-off items impacting financial results.お知らせ • May 22GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC).GQG Partners Inc. (ASX:GQG) entered into an agreement to acquire unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC) for $71.3 million on March 15, 2024. Following the completion of the Acquisition, Mr. Greenwood will co-lead the PCS business and investment team with current GQG Managing Director Mike Daley. Mr. Daley and Mr. Greenwood previously worked together for over a decade at PAC and its predecessor, Northern Lights Capital Group. The Acquisition is subject to satisfaction of certain conditions include the approval of PAC’s shareholders at a general meeting, receipt of certain consents and/or waivers from other interest holders in the boutiques, and receipt of certain regulatory approvals. expected to be financed by a debt facility of the GQG Partners Inc and is expected to close in the first half of calendar 2024. Flagstaff Partners Pty Ltd acted as financial advisor, Allens and Sidley Austin acted as a legal counsel to Pacific Current Group Limited (ASX:PAC). GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC) on May 20, 2024.Upcoming Dividend • Feb 28Upcoming dividend of AU$0.15 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 11 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (6.4%). In line with average of industry peers (3.8%).Reported Earnings • Feb 26First half 2024 earnings released: EPS: AU$0.23 (vs AU$0.20 loss in 1H 2023)First half 2024 results: EPS: AU$0.23 (up from AU$0.20 loss in 1H 2023). Revenue: AU$64.0m (up AU$60.6m from 1H 2023). Net income: AU$11.7m (up AU$21.7m from 1H 2023). Profit margin: 18% (up from net loss in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Declared Dividend • Feb 26First half dividend of AU$0.15 announcedDividend of AU$0.15 is the same as last year. Ex-date: 6th March 2024 Payment date: 11th April 2024 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (332% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 269% to bring the payout ratio under control. EPS is expected to grow by 85% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. 1 independent director (3 non-independent directors). Lead Independent Director Gilles Guérin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Feb 13Pacific Current Group Limited Appoints Michael Clarke as Non-Executive Director, Effective 14 February 2024Pacific Current Group Limited announced that Michael Clarke has been appointed as a Non-Executive Director of Pacific Current with effect from 14 February 2024. Mr. Clarke has over 30 years' experience in asset management in both Australia and overseas. He has held various roles including responsibility for managing equity, fixed income and currency portfolios and building asset management businesses. His most recent leadership role was Chief Executive (acting) of Challenger Funds Management, based in Sydney. Prior to that, he was Managing Director of Russell Investments' institutional business in Australia and New Zealand, Director of Strategy and International at AMP Capital Investors, Chief Executive and Chief Investment Officer at Goldman Sachs JBWere Asset Management, Investment Director at EquitiLink Australia, and Division Director at Macquarie Bank. Mr. Clarke is currently a Director of Perpetual Equity Investment Company Limited and a member of PIC's Nomination & Corporate Governance and Audit & Risk Committees. Mr. Clarke holds a Bachelor of Engineering in Electrical Engineering (Hons) from UNSW and a Master of Business Administration from the University of Sydney.お知らせ • Dec 19+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 15, 2024Pacific Current Group Limited, Annual General Meeting, Nov 15, 2024.お知らせ • Nov 21Pacific Current Group Limited Announces the Retirement of Jeremiah (Jerry) Chafkin as Non-Executive Director, Effective 17 November 2023Pacific Current Group Limited announced the retirement of Jeremiah (Jerry) Chafkin as a Non-Executive Director, effective 17 November 2023. Mr. Chafkin joined the Board in April 2019 and has served as a member of the BoardRemuneration, Nomination & Governance Committee and the Board Audit & Risk Committee since that time. More recently Mr. Chafkin has been Co-Chair of the Independent Board Committee (IBC) which has overseen the Strategic Transaction process.お知らせ • Nov 17GQG Partners Inc. (ASX:GQG) cancelled the acquisition of Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and othersGQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million on November 1, 2023. GQG Partners will be subject to a number of preconditions, including satisfactory completion of due diligence, the execution of binding transaction documents and receipt of GQG Partners board approval and PAC board approval. Any transaction would also be subject to conditions, including, amongst other things, the support of PAC shareholders and receipt of required regulatory and other approvals.GQG Partners Inc. (ASX:GQG) cancelled the acquisition of Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others on November 16, 2023.お知らせ • Nov 03GQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million.GQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million on November 1, 2023. GQG Partners will be subject to a number of preconditions, including satisfactory completion of due diligence, the execution of binding transaction documents and receipt of GQG Partners board approval and PAC board approval. Any transaction would also be subject to conditions, including, amongst other things, the support of PAC shareholders and receipt of required regulatory and other approvals.お知らせ • Sep 20Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire 24.9% stake in Avante Capital Partners for $40 million.Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire 24.9% stake in Avante Capital Partners for $40 million on September 19, 2023. The consideration involves $15m paid at closing, $13m paid one year after closing, and up to an additional $12 million subject to growth milestones. Avante will continue to be overseen by its founders and principals and there will be no changes to its strategies or day-to-day operations. The acquisition is approved by Pacific's board. The transaction is expected to close in September 30, 2023. Ardea Partners LP acted as financial advisor to Avante.Upcoming Dividend • Aug 30Upcoming dividend of AU$0.23 per share at 3.4% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 12 October 2023. The company is not currently making a profit and its cash payout ratio is 86%. Trailing yield: 3.4%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 25Full year 2023 earnings released: AU$0.31 loss per share (vs AU$0.69 loss in FY 2022)Full year 2023 results: AU$0.31 loss per share (improved from AU$0.69 loss in FY 2022). Net loss: AU$15.8m (loss narrowed 55% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.お知らせ • Aug 25Pacific Current Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2023, Payment Date of October 12, 2023Pacific Current Group Limited announced Ordinary Fully Paid dividend of AUD 0.23000000 for the six months ended June 30, 2023. Ex Date of September 6, 2023, Record Date of September 7, 2023 and Payment Date of October 12, 2023.お知らせ • Jul 28Regal Funds Management Pty Limited (ASX:RPL) entered into a confidential and non-binding indicative proposal to acquire Pacific Current Group Limited (ASX:PAC) for AUD 577 million.Regal Funds Management Pty Limited (ASX:RPL) entered into a confidential and non-binding indicative proposal to acquire Pacific Current Group Limited (ASX:PAC) for AUD 577 million on July 24, 2023. Regal Partners Limited will pay 2.2 shares in ASX-listed GQG Partners Inc. (ASX: GQG) plus AUD 7.50 in cash per Pacific Current share. The Proposal is subject to a number of conditions, including satisfactory completion of due diligence, the execution of binding transaction documents and approval by the Boards of both Regal and Pacific Current. Any transaction would also be subject to conditions, including approval by Pacific Current’s shareholders, in addition to required regulatory and court approvals and others as agreed between Regal and Pacific Current.Upcoming Dividend • Mar 01Upcoming dividend of AU$0.15 per share at 5.5% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 13 April 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 5.5%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (3.9%).Reported Earnings • Feb 25First half 2023 earnings released: AU$0.20 loss per share (vs AU$0.33 loss in 1H 2022)First half 2023 results: AU$0.20 loss per share (improved from AU$0.33 loss in 1H 2022). Net loss: AU$10.0m (loss narrowed 39% from 1H 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Dec 07+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 16, 2023Pacific Current Group Limited, Annual General Meeting, Nov 16, 2023.Board Change • Nov 17No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). Non-Executive Director Jerry Chafkin was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 31Upcoming dividend of AU$0.23 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 11 October 2022. The company is not currently making a profit and its cash payout ratio is 80%. Trailing yield: 4.4%. Lower than top quartile of Australian dividend payers (6.6%). Higher than average of industry peers (3.9%).Reported Earnings • Aug 27Full year 2022 earnings released: AU$0.69 loss per share (vs AU$0.34 profit in FY 2021)Full year 2022 results: AU$0.69 loss per share (down from AU$0.34 profit in FY 2021). Net loss: AU$35.3m (down 303% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). Non-Executive Director Jerry Chafkin was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Recent Insider Transactions • Mar 08Non Executive Chairman of the Board recently bought AU$114k worth of stockOn the 1st of March, Antony Robinson bought around 15k shares on-market at roughly AU$7.58 per share. This was the largest purchase by an insider in the last 3 months. This was Antony's only on-market trade for the last 12 months.Reported Earnings • Mar 02First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: AU$0.33 loss per share (down from AU$0.23 profit in 1H 2021). Net loss: AU$16.6m (down 242% from profit in 1H 2021). Revenue missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 328%, compared to a 3.3% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Board Change • Oct 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Jerry Chafkin was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to AU$7.18, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Capital Markets industry in Australia. Total returns to shareholders of 19% over the past three years.Reported Earnings • Sep 02Full year 2021 earnings released: EPS AU$0.34 (vs AU$0.36 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$49.2m (down 31% from FY 2020). Net income: AU$17.4m (up AU$34.9m from FY 2020). Profit margin: 35% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Funds under management (FUM) Beginning of period: AU$93.3b End of period: AU$142.3b Net inflows/outflows: AU$34.5b inflow Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 03First half 2021 earnings released: EPS AU$0.23 (vs AU$0.19 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: AU$29.0m (down 30% from 1H 2020). Net income: AU$11.6m (up AU$20.5m from 1H 2020). Profit margin: 40% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Dec 08New 90-day high: AU$6.38The company is up 7.0% from its price of AU$5.99 on 09 September 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 8.0% over the same period.Is New 90 Day High Low • Oct 17New 90-day high: AU$6.35The company is up 13% from its price of AU$5.60 on 17 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period.Recent Insider Transactions • Oct 02Non Executive Chairman of the Board recently bought AU$58k worth of stockOn the 28th of September, Antony Robinson bought around 10k shares on-market at roughly AU$5.85 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$377k. Antony has been a buyer over the last 12 months, purchasing a net total of AU$245k worth in shares.株主還元PACAU Capital MarketsAU 市場7D0%-1.4%2.5%1Y-7.4%-1.1%3.3%株主還元を見る業界別リターン: PAC過去 1 年間で-1.1 % の収益を上げたAustralian Capital Markets業界を下回りました。リターン対市場: PACは、過去 1 年間で3.3 % のリターンを上げたAustralian市場を下回りました。価格変動Is PAC's price volatile compared to industry and market?PAC volatilityPAC Average Weekly Movement3.4%Capital Markets Industry Average Movement5.6%Market Average Movement10.2%10% most volatile stocks in AU Market17.4%10% least volatile stocks in AU Market4.2%安定した株価: PAC 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: PACの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19875Michael Clarkewww.paccurrent.comパシフィック・カレント・グループ・リミテッドは、世界中でマルチ・ブティック型の資産運用ビジネスを展開している。機関投資家および個人顧客の資産を運用している。同社は以前はトレジャリー・グループ・リミテッドとして知られていたが、2015年10月にパシフィック・カレント・グループ・リミテッドに社名を変更した。パシフィック・カレント・グループ・リミテッドはオーストラリアのメルボルンに本拠を置く。もっと見るPacific Current Group Limited 基礎のまとめPacific Current Group の収益と売上を時価総額と比較するとどうか。PAC 基礎統計学時価総額AU$302.10m収益（TTM）-AU$53.86m売上高(TTM)n/a-7.5xP/Sレシオ-5.6xPER（株価収益率PAC は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計PAC 損益計算書（TTM）収益-AU$40.53m売上原価AU$1.61m売上総利益-AU$42.14mその他の費用AU$11.73m収益-AU$53.86m直近の収益報告Dec 31, 2025次回決算日Aug 27, 2026一株当たり利益（EPS）-1.88グロス・マージン103.97%純利益率132.90%有利子負債／自己資本比率0%PAC の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.1%現在の配当利回り-32%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 18:41終値2026/05/27 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pacific Current Group Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Nicholas McGarrigleBarrenjoey Markets Pty LimitedApril LowisBarrenjoey Markets Pty LimitedNathan ZaiaMorningstar Inc.1 その他のアナリストを表示
お知らせ • Feb 26Pacific Current Group Limited Announces a Fully Franked Ordinary Interim Dividend for the Six Months Ended December 31, 2025, Payable on 9 April 2026On 23 February 2026, Pacific Current Group Limited announced a fully franked ordinary interim dividend of 20.00 cents per share (25 February 2025: unfranked 15.00 cents per share) in respect of the six months ended December 31, 2025. The interim dividend for the 2026 financial year will not be eligible for the Dividend Reinvestment Plan. Record date is 5 March 2026 and Payment date is 9 April 2026. Ex Date is March 4, 2026.
お知らせ • Feb 20+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 12, 2026Pacific Current Group Limited, Annual General Meeting, Nov 12, 2026.
お知らせ • Oct 15Pacific Current Group Limited (ASX:PAC) announces an Equity Buyback for 2,000,000 shares, representing 6.63% for AUD 20 million.Pacific Current Group Limited (ASX:PAC) announces a share repurchase program. Under the offer, the company will repurchase up to 2,000,000 shares, representing 6.63% of it's share capital for AUD 20 million worth of it's shares. The shares will be purchased at AUD 10 per share. The repurchase program is valid till October 29, 2026. As of October 15, 2025, the company has 30,153,859 shares issued and outstanding.
Declared Dividend • Aug 28Final dividend of AU$0.28 announcedShareholders will receive a dividend of AU$0.28. Ex-date: 5th September 2025 Payment date: 10th October 2025 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 46% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Aug 26Full year 2025 earnings released: EPS: AU$1.25 (vs AU$2.13 in FY 2024)Full year 2025 results: EPS: AU$1.25 (down from AU$2.13 in FY 2024). Revenue: AU$128.1m (down 39% from FY 2024). Net income: AU$58.2m (down 47% from FY 2024). Profit margin: 45% (down from 53% in FY 2024). Revenue is expected to decline by 62% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Board Change • Aug 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jo Dawson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 26Pacific Current Group Limited Announces a Fully Franked Ordinary Interim Dividend for the Six Months Ended December 31, 2025, Payable on 9 April 2026On 23 February 2026, Pacific Current Group Limited announced a fully franked ordinary interim dividend of 20.00 cents per share (25 February 2025: unfranked 15.00 cents per share) in respect of the six months ended December 31, 2025. The interim dividend for the 2026 financial year will not be eligible for the Dividend Reinvestment Plan. Record date is 5 March 2026 and Payment date is 9 April 2026. Ex Date is March 4, 2026.
お知らせ • Feb 20+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 12, 2026Pacific Current Group Limited, Annual General Meeting, Nov 12, 2026.
お知らせ • Oct 15Pacific Current Group Limited (ASX:PAC) announces an Equity Buyback for 2,000,000 shares, representing 6.63% for AUD 20 million.Pacific Current Group Limited (ASX:PAC) announces a share repurchase program. Under the offer, the company will repurchase up to 2,000,000 shares, representing 6.63% of it's share capital for AUD 20 million worth of it's shares. The shares will be purchased at AUD 10 per share. The repurchase program is valid till October 29, 2026. As of October 15, 2025, the company has 30,153,859 shares issued and outstanding.
Declared Dividend • Aug 28Final dividend of AU$0.28 announcedShareholders will receive a dividend of AU$0.28. Ex-date: 5th September 2025 Payment date: 10th October 2025 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 46% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Aug 26Full year 2025 earnings released: EPS: AU$1.25 (vs AU$2.13 in FY 2024)Full year 2025 results: EPS: AU$1.25 (down from AU$2.13 in FY 2024). Revenue: AU$128.1m (down 39% from FY 2024). Net income: AU$58.2m (down 47% from FY 2024). Profit margin: 45% (down from 53% in FY 2024). Revenue is expected to decline by 62% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Board Change • Aug 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jo Dawson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 20Pacific Current Group Announces Board Changes, Effective July 1, 2025Pacific Current Group has announced the appointment of Justin Arter as the incoming chair. He is to take over the position from July 1, 2025, succeeding Tony Robinson. Arter was previously chief executive of Australian superfund Cbus for 3 years until May 2023.
お知らせ • Feb 14+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 14, 2025Pacific Current Group Limited, Annual General Meeting, Nov 14, 2025.
Board Change • Feb 04Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jo Dawson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Lead Independent Director Gilles Guérin was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 03Abacus Life, Inc. (NasdaqCM:ABL) completed the acquisition of Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others.Abacus Life, Inc. (NasdaqCM:ABL) agreed to acquire Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others for approximately $150 million on July 18, 2024. A cash consideration will be paid by Abacus Life, Inc. Carlisle shareholders will receive consideration in the form of the Company’s common stock and the Company’s Fixed Rate Senior Unsecured Notes due in 2028 representing approximately 62.3 % and 37.7 % of the purchase price. Transaction is subject to regulatory approval. As of November 7, the deal is expected to close by the end of the fourth quarter. As of November 26, 2024, The transaction has received regulatory non-objection from the Luxembourg Commission de Surveillance du Secteur Financier (“CSSF”) for the acquisition of Carlisle Management Company S.C.A. Following the approval from CSSF, the transaction is expected to close on December 2, 2024. Dynasty Investment Bank acted as financial advisor to Abacus Life, Inc. White & Case LLP and Elvinger, Hoss & Prussen acted as legal advisor to Abacus Life, Inc. ArentFox Schiff LLP and Arendt & Medernach SA acted as legal advisor to Carlisle Management Company. Manorhaven Capital LLC acted as financial advisor to Carlisle Management Company. Abacus Life, Inc. (NasdaqCM:ABL) completed the acquisition of Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others on December 2, 2024. A portion of the Stock Consideration and the New Notes equal to 10% of the Base Purchase Price was placed in escrow for 18 months following the Closing Date to fund payments for the purchase price adjustment and certain post-closing indemnification obligations. At completion, PAC received 1.97 million newly issued Abacus bonds with a total aggregate face value of $49.2 million and bearing an interest rate of 9.875% and 1.36 million shares of Abacus common stock. PAC received 90% of the total value at closing. The bonds will not be subject to restrictions, while the equity will become tradable (in full) on 4 July 2025. The remaining 10% of the total proceeds will be held back on a pro-rata basis (bonds and stock) for 18 months from closing and will be freely tradable upon receipt. Despite the holdback, PAC will be entitled to earnings on these securities during the 18 months post-closing.
Declared Dividend • Aug 27Final dividend of AU$0.23 announcedDividend of AU$0.23 is the same as last year. Ex-date: 4th September 2024 Payment date: 3rd October 2024 Dividend yield will be 3.4%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 86% over the next 3 years. Since a fall of 80% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Aug 23Full year 2024 earnings released: EPS: AU$2.13 (vs AU$0.31 loss in FY 2023)Full year 2024 results: EPS: AU$2.13 (up from AU$0.31 loss in FY 2023). Revenue: AU$208.8m (up AU$177.9m from FY 2023). Net income: AU$110.1m (up AU$125.9m from FY 2023). Profit margin: 53% (up from net loss in FY 2023). Revenue is expected to decline by 81% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 14Janus Henderson Group plc (NYSE:JHG) entered into a definitive agreement to acquire 55% stake in Victory Park Capital Advisors, LLC (VPC).Janus Henderson Group plc (NYSE:JHG) entered into a definitive agreement to acquire 55% stake in Victory Park Capital Advisors, LLC (VPC) on August 12, 2024. The Acquisition consideration comprises a mix of cash and unregistered shares of JHG common stock. Pursuant to the Purchase Agreement, JHG will deliver at closing approximately 964,058 shares of Common Stock as partial consideration for the Acquisition. In addition, subject to the achievement of certain revenue targets, JHG will deliver a mix of cash and Common Stock earnout consideration, including up to approximately $27,843,750 in Common Stock, to be payable in 2027. Existing VPC owners will retain 45% ownership interest at closing. VPC will retain its brand and continue to operate as a standalone company and affiliate of JHG. Richard Levy, CEO, CIO & Founder and Brendan Carroll, Senior Partner & Co-Founder will continue to lead the business. There will be no changes to VPC senior management, employees or day-to-day operations. The acquisition is expected to close in the fourth quarter of 2024 and is subject to customary closing conditions, including regulatory approvals. The Acquisition is expected to be neutral-to-accretive to earnings per share in 2025. Ardea Partners LP served as exclusive financial advisor to Victory Park Capital Advisors. Kirkland & Ellis LLP acted as a legal advisor to Victory Park Capital Advisors. Sheppard, Mullin, Richter & Hampton LLP acted as a legal advisor to Janus Henderson Group.
お知らせ • Jul 20Abacus Life, Inc. (NasdaqCM:ABL) agreed to acquire Carlisle Management Company for $200 million.Abacus Life, Inc. (NasdaqCM:ABL) agreed to acquire Carlisle Management Company for $200 million on July 18, 2024. A cash consideration will be paid by Abacus Life, Inc. Carlisle shareholders will receive consideration in the form of $73.5 million in par value of Abacus bonds and 9.3 million Abacus common stock, which are subject to closing adjustments and certain performance threshold. Transaction is subject to regulatory approval. Dynasty Investment Bank acted as financial advisor to Abacus Life, Inc. White & Case LLP and Elvinger, Hoss & Prussen acted as legal advisor to Abacus Life, Inc. ArentFox Schiff LLP and Arendt & Medernach SA acted as legal advisor to Carlisle Management Company. Manorhaven Capital LLC acted as financial advisor to Carlisle Management Company.
New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (332% payout ratio). Large one-off items impacting financial results.
お知らせ • May 22GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC).GQG Partners Inc. (ASX:GQG) entered into an agreement to acquire unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC) for $71.3 million on March 15, 2024. Following the completion of the Acquisition, Mr. Greenwood will co-lead the PCS business and investment team with current GQG Managing Director Mike Daley. Mr. Daley and Mr. Greenwood previously worked together for over a decade at PAC and its predecessor, Northern Lights Capital Group. The Acquisition is subject to satisfaction of certain conditions include the approval of PAC’s shareholders at a general meeting, receipt of certain consents and/or waivers from other interest holders in the boutiques, and receipt of certain regulatory approvals. expected to be financed by a debt facility of the GQG Partners Inc and is expected to close in the first half of calendar 2024. Flagstaff Partners Pty Ltd acted as financial advisor, Allens and Sidley Austin acted as a legal counsel to Pacific Current Group Limited (ASX:PAC). GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC) on May 20, 2024.
Upcoming Dividend • Feb 28Upcoming dividend of AU$0.15 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 11 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (6.4%). In line with average of industry peers (3.8%).
Reported Earnings • Feb 26First half 2024 earnings released: EPS: AU$0.23 (vs AU$0.20 loss in 1H 2023)First half 2024 results: EPS: AU$0.23 (up from AU$0.20 loss in 1H 2023). Revenue: AU$64.0m (up AU$60.6m from 1H 2023). Net income: AU$11.7m (up AU$21.7m from 1H 2023). Profit margin: 18% (up from net loss in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Declared Dividend • Feb 26First half dividend of AU$0.15 announcedDividend of AU$0.15 is the same as last year. Ex-date: 6th March 2024 Payment date: 11th April 2024 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (332% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 269% to bring the payout ratio under control. EPS is expected to grow by 85% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. 1 independent director (3 non-independent directors). Lead Independent Director Gilles Guérin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Feb 13Pacific Current Group Limited Appoints Michael Clarke as Non-Executive Director, Effective 14 February 2024Pacific Current Group Limited announced that Michael Clarke has been appointed as a Non-Executive Director of Pacific Current with effect from 14 February 2024. Mr. Clarke has over 30 years' experience in asset management in both Australia and overseas. He has held various roles including responsibility for managing equity, fixed income and currency portfolios and building asset management businesses. His most recent leadership role was Chief Executive (acting) of Challenger Funds Management, based in Sydney. Prior to that, he was Managing Director of Russell Investments' institutional business in Australia and New Zealand, Director of Strategy and International at AMP Capital Investors, Chief Executive and Chief Investment Officer at Goldman Sachs JBWere Asset Management, Investment Director at EquitiLink Australia, and Division Director at Macquarie Bank. Mr. Clarke is currently a Director of Perpetual Equity Investment Company Limited and a member of PIC's Nomination & Corporate Governance and Audit & Risk Committees. Mr. Clarke holds a Bachelor of Engineering in Electrical Engineering (Hons) from UNSW and a Master of Business Administration from the University of Sydney.
お知らせ • Dec 19+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 15, 2024Pacific Current Group Limited, Annual General Meeting, Nov 15, 2024.
お知らせ • Nov 21Pacific Current Group Limited Announces the Retirement of Jeremiah (Jerry) Chafkin as Non-Executive Director, Effective 17 November 2023Pacific Current Group Limited announced the retirement of Jeremiah (Jerry) Chafkin as a Non-Executive Director, effective 17 November 2023. Mr. Chafkin joined the Board in April 2019 and has served as a member of the BoardRemuneration, Nomination & Governance Committee and the Board Audit & Risk Committee since that time. More recently Mr. Chafkin has been Co-Chair of the Independent Board Committee (IBC) which has overseen the Strategic Transaction process.
お知らせ • Nov 17GQG Partners Inc. (ASX:GQG) cancelled the acquisition of Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and othersGQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million on November 1, 2023. GQG Partners will be subject to a number of preconditions, including satisfactory completion of due diligence, the execution of binding transaction documents and receipt of GQG Partners board approval and PAC board approval. Any transaction would also be subject to conditions, including, amongst other things, the support of PAC shareholders and receipt of required regulatory and other approvals.GQG Partners Inc. (ASX:GQG) cancelled the acquisition of Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others on November 16, 2023.
お知らせ • Nov 03GQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million.GQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million on November 1, 2023. GQG Partners will be subject to a number of preconditions, including satisfactory completion of due diligence, the execution of binding transaction documents and receipt of GQG Partners board approval and PAC board approval. Any transaction would also be subject to conditions, including, amongst other things, the support of PAC shareholders and receipt of required regulatory and other approvals.
お知らせ • Sep 20Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire 24.9% stake in Avante Capital Partners for $40 million.Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire 24.9% stake in Avante Capital Partners for $40 million on September 19, 2023. The consideration involves $15m paid at closing, $13m paid one year after closing, and up to an additional $12 million subject to growth milestones. Avante will continue to be overseen by its founders and principals and there will be no changes to its strategies or day-to-day operations. The acquisition is approved by Pacific's board. The transaction is expected to close in September 30, 2023. Ardea Partners LP acted as financial advisor to Avante.
Upcoming Dividend • Aug 30Upcoming dividend of AU$0.23 per share at 3.4% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 12 October 2023. The company is not currently making a profit and its cash payout ratio is 86%. Trailing yield: 3.4%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 25Full year 2023 earnings released: AU$0.31 loss per share (vs AU$0.69 loss in FY 2022)Full year 2023 results: AU$0.31 loss per share (improved from AU$0.69 loss in FY 2022). Net loss: AU$15.8m (loss narrowed 55% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
お知らせ • Aug 25Pacific Current Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2023, Payment Date of October 12, 2023Pacific Current Group Limited announced Ordinary Fully Paid dividend of AUD 0.23000000 for the six months ended June 30, 2023. Ex Date of September 6, 2023, Record Date of September 7, 2023 and Payment Date of October 12, 2023.
お知らせ • Jul 28Regal Funds Management Pty Limited (ASX:RPL) entered into a confidential and non-binding indicative proposal to acquire Pacific Current Group Limited (ASX:PAC) for AUD 577 million.Regal Funds Management Pty Limited (ASX:RPL) entered into a confidential and non-binding indicative proposal to acquire Pacific Current Group Limited (ASX:PAC) for AUD 577 million on July 24, 2023. Regal Partners Limited will pay 2.2 shares in ASX-listed GQG Partners Inc. (ASX: GQG) plus AUD 7.50 in cash per Pacific Current share. The Proposal is subject to a number of conditions, including satisfactory completion of due diligence, the execution of binding transaction documents and approval by the Boards of both Regal and Pacific Current. Any transaction would also be subject to conditions, including approval by Pacific Current’s shareholders, in addition to required regulatory and court approvals and others as agreed between Regal and Pacific Current.
Upcoming Dividend • Mar 01Upcoming dividend of AU$0.15 per share at 5.5% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 13 April 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 5.5%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (3.9%).
Reported Earnings • Feb 25First half 2023 earnings released: AU$0.20 loss per share (vs AU$0.33 loss in 1H 2022)First half 2023 results: AU$0.20 loss per share (improved from AU$0.33 loss in 1H 2022). Net loss: AU$10.0m (loss narrowed 39% from 1H 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Capital Markets industry in Australia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Dec 07+ 2 more updatesPacific Current Group Limited, Annual General Meeting, Nov 16, 2023Pacific Current Group Limited, Annual General Meeting, Nov 16, 2023.
Board Change • Nov 17No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). Non-Executive Director Jerry Chafkin was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 31Upcoming dividend of AU$0.23 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 11 October 2022. The company is not currently making a profit and its cash payout ratio is 80%. Trailing yield: 4.4%. Lower than top quartile of Australian dividend payers (6.6%). Higher than average of industry peers (3.9%).
Reported Earnings • Aug 27Full year 2022 earnings released: AU$0.69 loss per share (vs AU$0.34 profit in FY 2021)Full year 2022 results: AU$0.69 loss per share (down from AU$0.34 profit in FY 2021). Net loss: AU$35.3m (down 303% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). Non-Executive Director Jerry Chafkin was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Recent Insider Transactions • Mar 08Non Executive Chairman of the Board recently bought AU$114k worth of stockOn the 1st of March, Antony Robinson bought around 15k shares on-market at roughly AU$7.58 per share. This was the largest purchase by an insider in the last 3 months. This was Antony's only on-market trade for the last 12 months.
Reported Earnings • Mar 02First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: AU$0.33 loss per share (down from AU$0.23 profit in 1H 2021). Net loss: AU$16.6m (down 242% from profit in 1H 2021). Revenue missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 328%, compared to a 3.3% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Board Change • Oct 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Jerry Chafkin was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to AU$7.18, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Capital Markets industry in Australia. Total returns to shareholders of 19% over the past three years.
Reported Earnings • Sep 02Full year 2021 earnings released: EPS AU$0.34 (vs AU$0.36 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$49.2m (down 31% from FY 2020). Net income: AU$17.4m (up AU$34.9m from FY 2020). Profit margin: 35% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Funds under management (FUM) Beginning of period: AU$93.3b End of period: AU$142.3b Net inflows/outflows: AU$34.5b inflow Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 03First half 2021 earnings released: EPS AU$0.23 (vs AU$0.19 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: AU$29.0m (down 30% from 1H 2020). Net income: AU$11.6m (up AU$20.5m from 1H 2020). Profit margin: 40% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Dec 08New 90-day high: AU$6.38The company is up 7.0% from its price of AU$5.99 on 09 September 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Oct 17New 90-day high: AU$6.35The company is up 13% from its price of AU$5.60 on 17 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period.
Recent Insider Transactions • Oct 02Non Executive Chairman of the Board recently bought AU$58k worth of stockOn the 28th of September, Antony Robinson bought around 10k shares on-market at roughly AU$5.85 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$377k. Antony has been a buyer over the last 12 months, purchasing a net total of AU$245k worth in shares.
