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
$2.88 |
Change
0.075(2.68%) |
Mkt cap ! $8.550B |
Open | High | Low | Value | Volume |
$2.89 | $2.93 | $2.85 | $14.42M | 5.037M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 22965 | $2.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.88 | 10957 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 29750 | 2.870 |
8 | 18587 | 2.860 |
13 | 38652 | 2.850 |
5 | 170944 | 2.840 |
3 | 10390 | 2.830 |
Price($) | Vol. | No. |
---|---|---|
2.880 | 5792 | 15 |
2.890 | 12643 | 12 |
2.900 | 51372 | 14 |
2.910 | 11065 | 7 |
2.920 | 33429 | 7 |
Last trade - 14.22pm 03/07/2024 (20 minute delay) ? |
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