Impressive flows continue for GQG ASX Stock, totaling $2.9 billion for January and part of February!
I find myself regretting trimming my position by half last week, given its still fairly undervalued status on a forward P/E basis, currently around 12.7x, especially when compared to the ASX 200, which sits at approximately 22x.Despite the hesitation induced by the performance of the ASX darling Magellan Financial Group (MFG), I believe investors are missing out on the stellar performance and consistent net flows (and funds generally outperforming the MSCI) that GQG has been demonstrating month after month. It's a shame that the success of one company seems to be casting a shadow on others in the active money management space.
If global equities can consolidate here and rates don't stay higher for longer as hoped for then IMHO I don't see why GQG won't be passing $3 per share. If not, I am sure 2024 will continue to have volatility and I will be looking for any significant pull backs to increase my GQG holdings again.
GLTAH!
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Last
$2.73 |
Change
0.020(0.74%) |
Mkt cap ! $8.062B |
Open | High | Low | Value | Volume |
$2.70 | $2.73 | $2.66 | $5.266M | 1.948M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3973 | $2.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.73 | 19714 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 2.690 |
4 | 1022 | 2.680 |
3 | 6254 | 2.660 |
6 | 26374 | 2.650 |
3 | 18600 | 2.640 |
Price($) | Vol. | No. |
---|---|---|
2.730 | 343 | 1 |
2.750 | 7500 | 3 |
2.790 | 2800 | 1 |
2.800 | 2025 | 2 |
2.810 | 3774 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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