If markets hold up throughout this yr(???), this is looking at a significant re-rate to $3 imo. Average FUM last yr was US$101B, we already at $137B. With scale benefits, I would expect +50% increase to net income, P/E last yr was around 14, so not demanding. If you think markets are due a correction, then maybe we see more profit taking. Trump and interest rates falling later this year should help us imo.
Ann: FUM as at 29 February 2024, page-11
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Last
$2.78 |
Change
0.030(1.09%) |
Mkt cap ! $8.210B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.79 | $2.72 | $26.88M | 9.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $2.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 10283 | 3 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| GQG (ASX) Chart |