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
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Last
$10.76 |
Change
0.060(0.56%) |
Mkt cap ! $558.5M |
Open | High | Low | Value | Volume |
$10.71 | $10.76 | $10.70 | $28.98K | 2.705K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 63 | $10.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.76 | 186 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 63 | 10.740 |
3 | 65 | 10.730 |
4 | 329 | 10.720 |
2 | 97 | 10.710 |
1 | 2500 | 10.700 |
Price($) | Vol. | No. |
---|---|---|
10.760 | 186 | 4 |
10.780 | 155 | 2 |
10.790 | 517 | 4 |
10.800 | 8029 | 2 |
10.810 | 486 | 1 |
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