I would only invest at a 15x P/E ratio if the global interest rates are much higher than they are today, ~3-5% to support your valuation. Hamish has been known to be a value investor, and I believe that in this late leg of the economic cycle will lead to poorer returns and increasing volatility in markets. MFG would be a good place to park money on a DRP and continue accumulating.
Ann: Final Results for the year ended 30 June 2021, page-14
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.451B | |||
| Open | High | Low | Value | Volume |
| $8.50 | $8.56 | $8.38 | $1.125M | 132.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1567 | $8.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.49 | 2541 | 9 |
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| Last trade - 12.32pm 30/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |