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.
Ann: Investor Presentation, page-3
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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 |