Financials
Imperial Pacific Limited (IPC)
Imperial Pacific Limited is a long-established Australian Listed Investment Company (LIC). It manages a portfolio primarily composed of other Australian listed equities, aiming to generate long-term capital growth and dividend income for its shareholders. As a micro-cap LIC, its operations are focused on managing its existing asset base rather than large-scale funds management.
Market Cap
A$11M
Shares on Issue
N/A
Price Chart
AI Analysis
As a micro-cap LIC with a market capitalisation of approximately A$11M, Imperial Pacific's performance is directly tied to the value of its underlying investment portfolio, which is disclosed via monthly Net Tangible Asset (NTA) announcements. The company's shares often trade at a discount to this NTA, a common feature for smaller, less liquid LICs. Recent performance is therefore a function of both the Australian equity market's movements and the sentiment-driven NTA discount, with extremely low trading liquidity being a key characteristic for investors to consider.
The growth outlook for IPC is dependent on the investment manager's ability to select outperforming Australian stocks and the potential narrowing of the share price discount to its NTA. Key catalysts would include strong performance from its largest portfolio holdings, a corporate action such as a share buy-back to close the NTA gap, or a potential wind-up of the company to return capital to shareholders. The strategic direction remains focused on prudent management of the investment portfolio to achieve its long-term objectives.
Bull Case
- • Shares frequently trade at a significant discount to the company's Net Tangible Assets (NTA), offering potential value arbitrage if the gap closes.
- • Provides investors with diversified exposure to a portfolio of Australian equities, potentially managed by experienced directors.
- • As a small, overlooked LIC, it could be a target for corporate action (e.g., takeover or wind-up) that could unlock its NTA value for shareholders.
Bear Case
- • Extremely low liquidity due to its small market cap, making it difficult for investors to enter or exit positions without significantly affecting the share price.
- • The discount to NTA may persist indefinitely or even widen due to a lack of investor interest and minimal market coverage.
- • Portfolio performance may lag the broader market index (e.g., ASX 200), and management fees can erode returns over time.
Recent Announcements
Change of Director's Interest Notice
Guidance
🚨 Price SensitiveIPC's quarterly report provides updated financial guidance, indicating expected revenue growth of X% for the upcoming fiscal period and a Y% increase in net profit margin. Investors are advised to review these projections as they may impact investment decisions regarding IPC shares
FAQs
What does IPC do?
Imperial Pacific Limited is an Australian Listed Investment Company (LIC). It invests shareholder funds into a portfolio of other companies listed on the ASX, aiming to provide returns through capital growth and dividends from those investments.
Is IPC a good investment?
IPC is a speculative investment due to its very small size and low trading liquidity. The potential appeal lies in buying its assets for less than their stated value (the NTA discount). However, risks include the underperformance of its portfolio and the chance that the NTA discount never closes, alongside the difficulty in trading shares.
What drives IPC's share price?
IPC's share price is driven by three main factors: the performance of its underlying investment portfolio, its monthly announced Net Tangible Asset (NTA) value, and the market's perception of the company which dictates the size of the discount or premium to its NTA.
Key Metrics
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