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
$2.77 |
Change
-0.080(2.81%) |
Mkt cap ! $8.180B |
Open | High | Low | Value | Volume |
$2.93 | $2.97 | $2.68 | $23.12M | 8.374M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 84385 | $2.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 7200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6100 | 2.750 |
4 | 12225 | 2.730 |
3 | 5500 | 2.720 |
2 | 10368 | 2.710 |
2 | 7000 | 2.700 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 7200 | 1 |
2.810 | 1780 | 1 |
2.830 | 7200 | 2 |
2.840 | 90 | 1 |
2.860 | 1754 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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GQG (ASX) Chart |