All very fair points @lost.
No one can argue with a reasoned approach when considering unknown and uncertain future outcomes.
As you correctly have said, the future price of MFG will be heavily dependent on future FUM flows. I am prepared for things to get worse, before they get better. Others may believe they will only get worse.
Happy now to let time be the ultimate arbiter.
Having completed my own due diligence on MFG a little while back, I have long moved on to other plays that consume my current attention. This is such a wonderfully volatile market temptation lures in every direction except the one's most investors are most drawn to.
It is considered 10% of the human population has an IQ below 83 at the left tail. I suspect that the apex of the bell is also quickly moving to the left in as novices become increasingly convinced in their investment acumen.
Good luck to all, whatever view one holds.
MFG@$10, page-57
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 (20min delay)
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Last
$9.96 |
Change
-0.110(1.09%) |
Mkt cap ! $1.800B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.04 | $9.96 | $187.7K | 18.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 474 | $9.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.97 | 2218 | 6 |
View Market Depth
| Last trade - 10.13am 02/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |