It's gone ex-dividend today. As much as I'd like the share price...

It's gone ex-dividend today. As much as I'd like the share price to go up, I plan to re-invest GQG dividends into more GQG shares, I'd rather do that at $1.40 than $2.40. It may well continue to head lower and that's fine, i'll just be able to buy more shares.

I think the GQG share price had come under pressure because of the sentiment towards fund managers, the recent magellan selloff has shown what a combination of key-man risk, client concentration and under-performance does to these sort of business's. They don't deserve high multiples compared to business's with higher switching costs and competitive barriers.

In saying that this business is significantly less concentrated

Charge materially lower fees

And are outperforming their benchmarks over all time periods now.


Those who wanted to sell due to avoiding 10 minutes of paper work to fill out US tax forms would have done so by today (ex-div date), perhaps people are selling in anticipation of soft feb FUM update? Janurary FUM was 91.3b, as of 18/02 it was 93.8b, with flows it may well be 95b end of feb.

I think it was ben graham who said in the short term the market is a voting machine, in the long term it is a weighing machine.

Cheers,
Plague.