The issue price is $2 a pop so for anyone who got thier shares through IPO, it is currently just flat not 9.5% loss.
If anyone bought this for profit on open, they were going to be disappointed as previously mentioned. You really need to own these for at least 3+ years to be able to see good returns. Rajiv Jain has been in the industry for over 25+ years and has an imppecabale record so I think over a long term this should be fairly safe.
If you want to take a look, look at how WGB performed from listing (It is a LIC).
- Issues at $2.20 in Jul 2018,
- traded in the $1.90 - $2.30 range over next 1.5 years, dropped all the way down to $1.55 in covid sell out.
- Paid no dividend in the first year
- But since then, the dividend has increased by 150%, share now trades around $2.70. So essentially 4.5% annual return before franking credits (around 6+% with franking) and a 23% total capital gain for anyone who bought during the IPO and this is over a 3 year period.
GQG expects to yield 5.5% divident returns for the first year. It is a growth fund so the likelihood, if Rajiv stays to his reputation, we should see a far better performance than WGB in 3 years.
- Forums
- ASX - By Stock
- GQG
- IPO - GQG Partners Inc. - 26 October 2021 #
IPO - GQG Partners Inc. - 26 October 2021 #, page-218
-
- There are more pages in this discussion • 221 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GQG (ASX) to my watchlist
|
|||||
Last
$2.62 |
Change
0.040(1.55%) |
Mkt cap ! $7.737B |
Open | High | Low | Value | Volume |
$2.67 | $2.69 | $2.61 | $9.694M | 3.695M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8757 | $2.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.62 | 34686 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 36397 | 2.600 |
1 | 8510 | 2.590 |
5 | 8980 | 2.580 |
1 | 334 | 2.570 |
2 | 2760 | 2.550 |
Price($) | Vol. | No. |
---|---|---|
2.620 | 30000 | 1 |
2.630 | 650 | 1 |
2.640 | 36921 | 2 |
2.650 | 15000 | 1 |
2.690 | 47450 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
GQG (ASX) Chart |