Whether the price is right or wrong, thise bagging this raise are failing to appreciate tthree things
1. Capital Research (CRGI) took a last minute $100mn stake GYG. 98% of people on Hotcopper won’t know/care or bother about that, however if you have had anything to do with them you will know that they are one of the largest, best performing global investment manager. They will not take a $100mn line and dump it having made 10%.
2. Broker allocations were scaled +90% ie demand was excessive, the book was scaled back, investors have been allocated a fraction of demand
3. The ASX300 beckons……it’ll be a quick add, meaning passive manager need to own stock.
General topics, page-15
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Last
$38.71 |
Change
0.080(0.21%) |
Mkt cap ! $3.925B | |||
| Open | High | Low | Value | Volume |
| $37.74 | $38.98 | $37.40 | $6.606M | 171.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13 | $38.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.73 | 764 | 1 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| GYG (ASX) Chart |