I feel for shareholders. This has all the makings of Babcock and Brown. This even has an expensive arrogant investment bank with arrogant overpaid fat investment bankers....
It will bleed FUM and capital It will have fees reduction. Performance Fees zero Dividends cut to preserve cash More Mandates walk Financial Planners will pull funds and no recommend. More resignations Staff defections Management changes Board Changes Regulatory investigations Class Actions Short attacks Barrenjoey MBO or spinoff? Dilutive cap raises at low prices
That is the current trajectory. Thats reality now. Fun is over unless a Miracle comes. MQG ??? Or No bounce and risk still to downside for many months.
....and low cost better performing passive ETFs the winner.....and a few shorts from a month ago.
MFG Price at posting:
$19.70 Sentiment: None Disclosure: Not Held
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