lol anyway with the contraction in the multiple that the market is prepared to pay for fund managers I would be far more concerned about your position in GQG, if the market contracts on the multiple its prepared to pay for GQG.
Right now it looks like GQG is trading on a FY23 PE of around 17 and compare this to the forecast multiple for FY23 for MFG, PDL, PTM all around PE multiples of 8-12,I think you should be focused on your own wealth preservation.
MFG Price at posting:
$18.23 Sentiment: None Disclosure: Held
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