I concur I believe there is good value and growth opportunities for GQG, I haven’t bought in yet though. GQG keeps retracing to around this $1.3 mark, and with market sentiment feel it will push through this and follow US markets. With GQG earnings generated by what I believe is FUM, not performance fees, I suppose this helps support revenue during market turndowns if they don’t short much. However if the US markets drop a significant amount, it willl be a slow slog to get FUM back to these levels and same earnings capacity.
Does anyone have an estimate or know the impact a 20-30% drop in FUM (assuming no outflows) has on earnings/EPS?
Ann: FUM as at 31 October 2023, page-7
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GQG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.74 |
Change
-0.010(0.36%) |
Mkt cap ! $8.092B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.76 | $2.69 | $5.670M | 2.076M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6600 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 177144 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| GQG (ASX) Chart |