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
$2.95 |
Change
-0.050(1.67%) |
Mkt cap ! $8.712B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.06 | $2.89 | $6.998M | 2.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7679 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 1000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |