GQG Partners up $US73 Billion in FUM now, page-19

Hi All.

I listened to the call,not much to report.

I asked a couple of questions via email which were also touched on by other callers.

The main one in my opinion was the split between 1hy and 2hy regarding revenue excluding performance fees.

Paul answered like a politician,around in circles and getting nowhere.

My take on the financials was revenue down 3.5 m ,performance fees down 5m. Management said in the presentation some of it was a timing issue and those fees would be recognised in 2hy.

Also they are emphasising 2hy rev excluding performance fees will continue be larger as we get the major benefit from GQG expansion in Q1 calendar year.

If we get a similar percentage increase as last year (20%). We should be looking at revenue around $20 mil +performance fees
(say $4mil)=$24 mil -expenses excluding interest & commissions of $5mil =$19mil PBT. NPAT of $15.5mil approx 2hy.
=. 30cps +23cps=53cps FY. My guesstimate.
Dividend between 35-40cps full year.