Chella, I suggest using agregators that give an insight into future earnings. These are updated as brokers update their research.
From what I am seeing, FY23 EPS earnings expectations (which should reflect your concerns) is around $1.95.
At current share prices this would still be a future PE of under 10 compared to MFG historical PE of 20. So significant de-rating by the market (which by definition actually increases margin of safety, but does not ELIMINATE risk, only reduces risk).
Hence why I am in, but hedging my bets by taking positions across multiple funds managers now the whole sector is in the dog box.
As Warren Buffett says, one pays a high price for blue skies. Well there is not alot of blue sky share price premium in fund managers at the moment
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Last
$8.86 |
Change
-0.140(1.56%) |
Mkt cap ! $1.597B |
Open | High | Low | Value | Volume |
$8.90 | $8.92 | $8.77 | $4.127M | 466.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1818 | $8.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.88 | 2746 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1818 | 8.820 |
1 | 2546 | 8.810 |
3 | 6896 | 8.800 |
3 | 13167 | 8.790 |
1 | 2546 | 8.780 |
Price($) | Vol. | No. |
---|---|---|
8.880 | 2746 | 2 |
8.890 | 4896 | 1 |
8.900 | 4608 | 2 |
8.910 | 6786 | 5 |
8.920 | 2546 | 1 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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