Here are my numbers based on the last 3 months, and using roughly 1bil of flows each month going forward. I would argue a P/E of 11 values GQG with next to no growth. If sentiment was more positive, this would be trading on a p/e of over 20 ($2.50+).
With respect to tax, they already pay tax at 30% now. Ive put that back in the numbers. Prior to listing they were paying a U.S rate. We don't get double taxed under the U.S/AUS tax agreement. So you wouldn't take a further 15% out. You will be taxed at whatever your MTR is (That's my understanding). Happy to be corrected on this - https://taxsummaries.pwc.com/quick-charts/withholding-tax-wht-rates
Ann: Funds Under Management update - as at 31 March 2022, page-4
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Last
$2.95 |
Change
0.090(3.15%) |
Mkt cap ! $8.712B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.95 | $2.90 | $5.710M | 1.952M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1198 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 45418 | 5 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |