As I stated before: "my back of the envelope ~$120m (vs $400m at 30June22!!! - 70% drop!!) with FY23 avg FUM of ~$45BN (baking in another 10bn [now only $5bn] drop over the next 9 8mths). p/e of 10 (lets be generous), currently wayyyyyy overvalued for this very realistic scenario....$8 is a real possibility ($1.2bn + 300m for barra = ~$1.5bn mkt cap) = 25% likely drop from here..."
you think theyll be able to pay 10% yield from $120m?? dreaming!! even at 100% payout = 120/180 SOI = 0.66 PS / $9 = 7% max at 100% payout level....!
MFG Price at posting:
$9.45 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)