Pacific Current Group Ltd (OTCPK:TSRUF)
$ 7.28 -0.025 (-0.34%) Market Cap: 384.30 Mil Enterprise Value: 224.55 Mil PE Ratio: 5.16 PB Ratio: 1.02 GF Score: 37/100

Pacific Current Group Ltd Invests in Banner Oak Capital Partners - Corporate Call Transcript

Jan 04, 2022 / 12:00AM GMT
Release Date Price: $5.02
Operator

Good day, and welcome to the investment in Banner Oak Capital conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Paul Greenwood. Please go ahead, sir.

Paul Richard Greenwood
Pacific Current Group Limited - MD, CEO, Global CIO & Executive Director

Thank you very much, and thank you all for joining us on the call today sort of on short notice. I trust everyone had a great New Year's, and I appreciate the discussion of our new investment today is interrupting vacation time for many, so I apologize for that.

But given our announcement this morning, we want to promptly answer any questions that people may have. Earlier today, PAC announced that it's making a USD 35 million investment in Banner Oak Capital, a private real estate firm based in Dallas, Texas. In exchange for our investment, we will receive a 35% equity stake in the firm.

And before I elaborate more on the specifics of the investment, I'll provide a little bit of an overview of Banner Oak as they have a somewhat unique

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot