The point you're missing is that MFG hasn't sold their stake but, while diluted, owns a material portion of a company that is achieving fantastic growth.
This appears headed for an IPO in the next couple of years, at which time MFG may choose to realise some of its gains.
Ann: Announcement by Barrenjoey Capital Partners, page-5
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 (20min delay)
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Last
$10.91 |
Change
0.480(4.60%) |
Mkt cap ! $1.876B | |||
| Open | High | Low | Value | Volume |
| $10.43 | $10.98 | $10.43 | $16.50M | 1.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3157 | $10.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.95 | 1033 | 1 |
View Market Depth
| Last trade - 16.16pm 28/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |