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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Last
$10.76 |
Change
-0.320(2.89%) |
Mkt cap ! $561.6M |
Open | High | Low | Value | Volume |
$10.95 | $10.95 | $10.49 | $248.0K | 23.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89 | $10.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.76 | 34 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 89 | 10.640 |
1 | 89 | 10.630 |
1 | 89 | 10.610 |
1 | 267 | 10.600 |
1 | 89 | 10.590 |
Price($) | Vol. | No. |
---|---|---|
10.760 | 34 | 1 |
10.770 | 30 | 1 |
10.790 | 120 | 2 |
10.810 | 89 | 1 |
10.830 | 756 | 1 |
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