I doubt even Geoff Wilson can capture the discount in MGF.
MGF has been trading at a discount since it restructured Nov 2020. Discount has been increasing over time; this despite capital management measures with buybacks (which have been extended): Last 12 months -10.29%, Last 6 months -12.04%, Last 3 Months -13.95%.
It may take several periods of outperformance before the gap narrows.
Disclosure. I'm a former holder of both stocks.
Stokes, Grounds liken returning co-founder Chris Mackay to Warren Buffett.” AFR, page-20
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Last
$8.86 |
Change
-0.140(1.56%) |
Mkt cap ! $1.597B | |||
| Open | High | Low | Value | Volume |
| $8.90 | $8.92 | $8.77 | $4.127M | 466.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1818 | $8.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.88 | 2746 | 2 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |