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
$2.85 |
Change
-0.160(5.32%) |
Mkt cap ! $8.417B |
Open | High | Low | Value | Volume |
$2.97 | $2.97 | $2.83 | $7.795M | 2.711M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 60317 | $2.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.85 | 7000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 60317 | 2.840 |
14 | 53215 | 2.830 |
4 | 55572 | 2.820 |
6 | 15697 | 2.810 |
21 | 95896 | 2.800 |
Price($) | Vol. | No. |
---|---|---|
2.850 | 7000 | 1 |
2.880 | 17663 | 3 |
2.900 | 24704 | 1 |
2.910 | 18780 | 1 |
2.920 | 11000 | 2 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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