Here are my numbers based on the last 3 months, and using roughly 1bil of flows each month going forward. I would argue a P/E of 11 values GQG with next to no growth. If sentiment was more positive, this would be trading on a p/e of over 20 ($2.50+).
With respect to tax, they already pay tax at 30% now. Ive put that back in the numbers. Prior to listing they were paying a U.S rate. We don't get double taxed under the U.S/AUS tax agreement. So you wouldn't take a further 15% out. You will be taxed at whatever your MTR is (That's my understanding). Happy to be corrected on this - https://taxsummaries.pwc.com/quick-charts/withholding-tax-wht-rates
Ann: Funds Under Management update - as at 31 March 2022, page-4
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Last
$2.71 |
Change
-0.040(1.45%) |
Mkt cap ! $8.003B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.79 | $2.68 | $4.309M | 1.589M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40870 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 45778 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| GQG (ASX) Chart |