A number of reasons:
-Defensive nature of portfolio, combined with high level of cash reserves while the market was rallying
-USD not appreciating as they would like
-Investments in Barrenjoey, Guzman y Gomez aren’t profitable and may require more capital
-Positions in Alibaba and Tencent have performed badly
-Performance fess are at risk
- PE is already high
In say all this, Hamish is not the kind of guy to make irrational financial decisions so I am happy to back him, even with the above mentioned headwinds.
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 (20min delay)
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Last
$9.92 |
Change
0.110(1.12%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $9.85 | $9.94 | $9.81 | $4.342M | 439.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 504 | $9.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.93 | 1923 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |