Agree with you here. Still too much sell side pressure on this stock.
I note many on this thread have been commending Rajiv for liquidating his Russian investments....the market hasn’t seen it as anything positive .....he was recently evasive about the issue perhaps because he didn’t want to admit he was just dumping those investments at any price (just so he can say he’s out of Russia)
In the wake of the Hamish Douglass catastrophe you don’t want your messiah to be seen doing anything dumb.....the market quickly loses confidence. Could it be that the market is beginning to price in that FUM has peaked and it’s all down hill (MFG style) from here ?
I saw value and was very close to buying in at around $1.50 - I’m quite staggered it’s down to yet another all time low today of $1.17.
IPO investors have now lost over 40% of their capital.
As a wounded MFG investor I’m not sure I’ll touch this sector again. The market is too eager to punish it.
GQG Price at posting:
$1.17 Sentiment: None Disclosure: Not Held
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