Australia's largest stock trading and investment forum Australia's #1 stock forum

GQG

Click for more information

4.44%

$2.37 gqg partners inc.

thank you, appreciate your post and time!

First 4 Last

Share
Profile

Follow
norah123

1,541 Posts.

138

21/03/24

10:46

Post #: 72990330
Share

Originally posted by Prisoner24601: ↑

Hi,
GQG is a funds manager. It takes a cut (small percentage) of funds managed. That revenue is recurring and scalable. The more funds you manage the more money you make. Revenue can rise much quicker than costs because it is not a capital intensive business. Funds managed can rise as the market rises, or from institutional and retail deposits At last count, funds under management (FUM) were $134billion. Last yr, average FUM was $100billion. Expect a big lift in profits this year, provided, of course, all is above board with the accounting and management. If you believe the market continues on its merry way upwards then this is a $3 stock imo. If you think the market will take a breather or go into freefall, don’t buy these type of stocks.
All imo, everything i have said is from my perspective as an amateur investor.

Expand

thank you, appreciate your post and time!

GQG Price at posting: $2.27 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 5 more messages in this thread...

First 4 Last

Add GQG (ASX) to my watchlist

(20min delay)
Last $2.37		Change -0.110(4.44%)		Mkt cap ! $6.999B

Open	High	Low	Value	Volume
$2.48	$2.55	$2.37	$8.164M	3.336M

Buyers (Bids)

No.	Vol.	Price($)
1	2524	$2.37

Sellers (Offers)

Price($)	Vol.	No.
$2.47	25237	6

View Market Depth

No.	Vol.	Price($)
1	2524	2.370
2	24230	2.360
7	8124	2.350
2	9900	2.340
2	866	2.310

Price($)	Vol.	No.
2.470	25237	6
2.490	21199	1
2.500	17696	2
2.520	1986	1
2.540	3000	1

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $2.45			Change -0.110 ( 1.34 %)
Open	High		Low	Volume
$2.48	$2.55		$2.45	271931
Last updated 15.59pm 21/05/2024 ?

GQG (ASX) Chart

SPONSORED BY