I think you might be confusing MFG and MGF. MFG is the company that takes the management fee which is about 1.35%. MGF is the actual retail fund that has the stocks you outline and their returns.
The year return on those stocks in MGF was 7.38%.
Now here is the interesting part. the Net asset value ( NAV) of those shares ie the Microsoft, alphabet, Facebook (meta) etc is $2.055 and what is the share price?
$1.735$1.735/ 2.055 = 84% ie all those wonderful companies are trading at a 16% discount to their actual worth.
what an absolute bargain?!?
Why would anybody in their right mind not want to buy the all these great US and Chinese companies at a discount??
which would you prefer amazon, google, Facebook, Microsoft ... even alibaba at the market price or all these companies at 16% less.
Now let's return to the real issue for MFG - FUM ...
Is it at all likely that retail investors will not invest in MFGs funds when they are trading at such an extreme discount?
I doubt it.
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Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B |
Open | High | Low | Value | Volume |
$10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2494 | $9.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.00 | 45242 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 9.890 |
1 | 1400 | 9.720 |
1 | 750 | 9.700 |
1 | 105 | 9.600 |
2 | 309 | 9.550 |
Price($) | Vol. | No. |
---|---|---|
10.000 | 500 | 1 |
10.080 | 481 | 1 |
10.100 | 4700 | 1 |
10.150 | 4677 | 3 |
10.180 | 3500 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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MFG (ASX) Chart |