That means in the short term no demand to close off.
MFG is paying a high price for FY 21 annual results and the way it was not communicated prior with numbers for fund restructure and associated company losses. Any bad results are dealt badly by the market if the company SP is on the high side. For example last week Westpac was dealt badly where as NAB & Anz was treated well.
The positive point for MFG is to learn from it and they have already mentioned Barrenjoey is profitable. We just have to wait for Feb 22 results.
Last night in spite of SP falling in USA, A$ fell more and therefore FUM will be still around A$ 117B+.
MFG in the BUY zone, page-699
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Last
$9.44 |
Change
-0.050(0.53%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $9.53 | $9.67 | $9.42 | $3.361M | 352.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1229 | $9.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.45 | 1457 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |