reports
Pacific Current Group Limited: 1 director
A director at Pacific Current Group Limited bought 36,000 shares at 7.432AUD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
- David Ellis
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Nathan Zaia
Transfer of Analyst and Plans to Cease Coverage of Pacific Current Gro...
We transfer analyst coverage of Pacific Current Group, and also advise we will cease coverage in November 2016. Since the merger with Aurora Trust in 2015, things have not gone to plan for Pacific Current Group. The fiscal 2016 result underlines how disappointing the transformational merger has been to date. Write-downs and impairments of almost AUD 128 million, and underlying net profit after tax down 30% to AUD 11.6 million. With write-downs to the carrying values of newly acquired boutiques, ...
- Nathan Zaia
Pacific Current Group’s 2016 Result Is Messy but In Line With Expect...
Pacific Current Group’s fiscal 2016 was messy, resulting from close to AUD 128 million of write-downs and impairments stemming from the Aurora business. After adjusting for these effects along with other noncash items, no-moat Pacific Current reported an underlying profit of AUD 11.6 million, which was in line with our AUD 11.8 million forecast. Given that the business model is premised on investing in boutique investment management firms, meaningful asset impairments are the last thing shareh...
- Nathan Zaia
Pacific Current Group leverages growth of boutique managers across ass...
If only all Pacific Current Group's funds mirrored the investment performance of Investors Mutual's Australian Share Fund. Top quartile on any time frame, over the past five years the fund has returned 11.75% per annum, outperforming the index by 4.2%. Investors Mutual only makes up 13% of funds under management, or FUM, which Pacific Current Group is exposed to. In our opinion, the creation of the Aurora Trust, which has resulted in Pacific Current Group having exposure to 18 boutique asset man...
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