Hi @Plague
I think GQG is on target for USD$100B in FUM by June 23. If you read the fine print of GQG’s latest FUM release they have rotated funds to become overweight in Tech stocks for Global Equity and US Select.
All conditional on Equity Markets. This will lead to higher dividends and increasing cash flow to PAC.
In terms of PAC and cash at bank, it looks like this investment will deplete cash - AUD$47M at Dec-22. They still have borrowing facility of up to USD$20M, but think short term may struggle to invest unless they can sell Nereus Holdings. I would have thought Nereus would have been an easy sell given the value of Adani Green Energy. Paul needs to have a chat to Rajiv at the next GQG board meeting
Best of Luck
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