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
$2.76 |
Change
0.050(1.85%) |
Mkt cap ! $8.151B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.78 | $2.69 | $12.78M | 4.668M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8293 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 17273 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$2.77 |
Change
0.050 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| $2.75 | $2.78 | $2.69 | 855988 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| GQG (ASX) Chart |