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
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Last
$2.90 |
Change
0.100(3.57%) |
Mkt cap ! $8.623B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.93 | $2.85 | $1.480M | 511.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 8763 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 5870 | 8 |
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| Last trade - 11.00am 03/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |