The only downside I can see from this is the possibility of the accusation of money lauding, stock manipulation and accounting fraud being true and GQG may suffer outflows / underperformance, the other side is perhaps the stock will increase and has been oversold was trading on a P/E of 508x Earnings, now it's 83x. Here's the link to the report https://hindenburgresearch.com/adani/
Just thought I'd add the bear case to be balanced. I still back Rajiv's judgement.
Ann: 2022 Full Year Results - Investor Presentation, page-17
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Last
$2.84 |
Change
-0.110(3.73%) |
Mkt cap ! $8.387B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.91 | $2.80 | $8.175M | 2.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20511 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 4721 | 4 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GQG (ASX) Chart |