Yes, appears the market is treating GQG contrary to performance?:
Extract from AGM release:
"Our business also continues to grow and adapt. In 2024 our FUM reached $153 billion US, fueled by strong net cash flow of $20 billion, resulting in net revenues of $760 million, roughly a 47% increase over 2023. Net operating income and diluted earnings per share both increased roughly 50% to reach $578 million and 15 cents per share, respectively. We are pleased with our net flows of $6.0 billion through 30 April 2025, particularly given the global economic environment. A final 2024 dividend of US 3.78 cents per share was paid in March, and the Board declared a first quarter 2025 interim dividend of US 3.78 cents per share, representing a 93.3% payout ratio of distributable earnings for the first quarter. The Board of Directors felt it was appropriate to maintain a stable dividend this quarter."
The Div. trend appears to be moving in the right direction:
It appears the market thinks it got ahead of itself 12 months AGO, has the current sentiment got it right?
A Div. of 7.34% appears reasonable, better considering interest rates are in decline! Of course, they may not remain in this direction? perhaps that's playing on the markets decision making?
GQG Price at posting:
$2.12 Sentiment: Buy Disclosure: Held
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