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.
Still waiting for an entry point on GQG.I thought $1.80 looked a...
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Last
$2.68 |
Change
0.020(0.75%) |
Mkt cap ! $7.959B | |||
| Open | High | Low | Value | Volume |
| $2.67 | $2.71 | $2.66 | $802.0K | 297.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 8101 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 6253 | 9 |
View Market Depth
| Last trade - 11.44am 26/06/2024 (20 minute delay) ? |
| GQG (ASX) Chart |