Hi Muscat
For earnings received technically being capped, what do you mean? I thought we would participate in the growth of fees correlated to 5% ownership, with an expectation GQG management would retain some earnings.
While earnings are nice I get excited about the underlying value of GQG, given it is half the FUM MFG has and MFG market cap hit $10B recently, surely the whole GQG business should be worth about $5B.
PAC owns 5%, therefore ownership value is approximately $250M, which means it is equivalent to PACs current market cap. The rest of the businesses are free.
Note, back of the envelope calculations only.
Best of Luck
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GQG hires ex-Magellan BDM, page-4
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Last
$10.87 |
Change
-0.050(0.46%) |
Mkt cap ! $567.3M | |||
| Open | High | Low | Value | Volume |
| $10.91 | $10.97 | $10.76 | $232.9K | 21.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4127 | $10.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.92 | 5000 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |