On six months basis MFG has done better than market indexes and in March 22 even on 12 months basis it would have beaten the market . If the market goes sideways, MFG will do better with its portfolio than the market and that will be start of gravitation back to MFG.
Last year MFG profit was A$412m on 103.5B FUM. If Barrenjoey breaks even profit would have been $454m. That means MFG has a buffer of A$10B before it starts going backwards on last year’s profit of A$454M which is A$ 2.47. With a diversified business model that is being build at MFG I doubt market giving a lower PE than current as we move towards half year profit and dividends. Difficult to say exactly where market will take you.
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Last
$11.45 |
Change
0.190(1.69%) |
Mkt cap ! $2.047B |
Open | High | Low | Value | Volume |
$11.32 | $11.50 | $11.28 | $7.057M | 618.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 58 | $11.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.45 | 1610 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 58 | 11.440 |
1 | 2432 | 11.400 |
1 | 2432 | 11.390 |
4 | 9107 | 11.380 |
1 | 2432 | 11.370 |
Price($) | Vol. | No. |
---|---|---|
11.450 | 1610 | 2 |
11.460 | 96 | 1 |
11.470 | 259 | 1 |
11.480 | 2696 | 4 |
11.490 | 3541 | 3 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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