Nice analysis Lost.
Have to say that to constantly grow FUM at an ever increasing rate is incredibly challenging once you get to these levels. When you're dealing with $100Bn, it's a lot more difficult to get an 18.2% growth rate, as opposed to 18.2% on say $500M.
BUT, whilst your conviction is to Sell, I would suggest you consider what MFG have in store for announcements. Their eagerly awaited Retirement Product will be very interesting indeed and i think provide a substantial increase in FUM.
Today's dip in SP on a such a positive note provides LTH with a chance to make some nice returns.
Ann: Funds Under Management - August 2020, page-4
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Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $10.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.43 | 22131 | 1 |
View Market Depth
| Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |