Hi Muscat
For earnings received technically being capped, what do you mean? I thought we would participate in the growth of fees correlated to 5% ownership, with an expectation GQG management would retain some earnings.
While earnings are nice I get excited about the underlying value of GQG, given it is half the FUM MFG has and MFG market cap hit $10B recently, surely the whole GQG business should be worth about $5B.
PAC owns 5%, therefore ownership value is approximately $250M, which means it is equivalent to PACs current market cap. The rest of the businesses are free.
Note, back of the envelope calculations only.
Best of Luck
Lost
GQG hires ex-Magellan BDM, page-4
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Last
$10.80 |
Change
0.310(2.96%) |
Mkt cap ! $563.7M | |||
| Open | High | Low | Value | Volume |
| $10.67 | $10.80 | $10.44 | $765.2K | 71.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $10.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.80 | 5606 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |