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.
Doubts emerging on GQG’s FUM forecasts ?
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Last
$2.60 |
Change
-0.050(1.89%) |
Mkt cap ! $7.678B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.79 | $2.60 | $43.28M | 16.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 256962 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 99235 | 2 |
View Market Depth
| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| GQG (ASX) Chart |