I would suggest that at these levels the stock is underpriced especially when compared to Platinum. Platinum has much the same FUM now but has a higher fee component so is rightfully capped at a higher level to MFG. However I dont think its justified that MFG is less than half the value of Platinum. It should be closing in on PTMs market cap but it isnt, if anything its drifting.
Also the P/E is getting lower by the day not only on the sell off but on the massive increase in earnings that will come from the huge increase in FUM.
Ann: Funds under Management - November 2013 , page-8
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Last
$10.82 |
Change
-0.010(0.09%) |
Mkt cap ! $1.860B | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.84 | $10.68 | $2.506M | 232.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1672 | $10.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.85 | 829 | 4 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| MFG (ASX) Chart |