I like the company - impressive FUM growth and strong culture.
I bought at the float, knowing that it was a gamble to buy a fund manager towards the end of the cycle. However, I believed at the time that there was a possibility that the cycle still had a year or a year and a half to go, so I thought a modest investment could still turn out worthwhile.
The cycle has now turned and I don't think that a fund manager, which behaves like a leveraged share investment, is the right thing to hold at this time. I bailed out at $1.70, leaving a residual 1000 shares to remind me to look at getting back in if there is some blood on the floor.
I like the company - impressive FUM growth and strong culture. I...
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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 |
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| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| GQG (ASX) Chart |