Strategy is to stick to what he is doing now and in the past . He has not changed the type of companies he has in the portfolio that much. From beginning of this year his numbers are awesome. Next set of statutory half year reports in Feb 2022 will change the sentiment when investors are about to get 7 to 8 % yield. People have very short memories, all will change with the next set of numbers. You need only one headline to say MFG profits are up 15% to 20% on LY. I agree with Plague and my estimate for FY 2022 has been $490 m for long time. With Barrenjoey making profit but FX impact going the other way my range is $480 to 510.
MFG Price at posting:
$34.67 Sentiment: Buy Disclosure: Held
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