Still waiting for an entry point on GQG.
I thought $1.80 looked a reasonable entry point however there is clearly something the market doesn’t like.
This months shake up has a double whammy effect. Firstly, the $ value of FUM drops simply because share prices are falling. Secondly, anticipated net FUM inflows are unlikely to eventuate in a tanking market where panicked investors start reverting to cash.
The question now is whether even $1.61 is pricing in an overly optimistic couple of years of FUM growth.
Those in the know must be adjusting their FUM growth expectations downwards - how else do you explain this sp drop from $1.89 to $1.61 ? ......that’s 15 % - way worse than the overall market.
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Doubts emerging on GQG’s FUM forecasts ?
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Last
$2.58 |
Change
-0.130(4.80%) |
Mkt cap ! $7.604B |
Open | High | Low | Value | Volume |
$2.72 | $2.72 | $2.57 | $4.455M | 1.697M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 57303 | $2.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.58 | 4173 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 56195 | 2.570 |
16 | 42601 | 2.560 |
19 | 48350 | 2.550 |
4 | 17010 | 2.540 |
6 | 8594 | 2.530 |
Price($) | Vol. | No. |
---|---|---|
2.580 | 4044 | 8 |
2.590 | 14642 | 15 |
2.600 | 37046 | 20 |
2.610 | 58247 | 18 |
2.620 | 9845 | 7 |
Last trade - 13.48pm 04/10/2024 (20 minute delay) ? |
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GQG (ASX) Chart |