The ongoing bleed in FUM isn't exactly surprising, you can see that built into analyst estimates whom are not expecting things to turnaround until FY25:
Whilst there are risks, there are also opportunities, the forward 2 year earnings multiple (currently the expected FY24 trough) is near the lowest on record for MFG:
If that FY24 earnings expectation can stabilised and there is a return to expected growth in the future, there is an easy 80% gain just for MFG to return to a more normal earnings multiple.
Of course chasing that potential gain comes with significant risk, but for me, it's worth the bet.
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- Ann: Funds Under Management - June 2022
Ann: Funds Under Management - June 2022, page-41
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Last
$10.28 |
Change
0.300(3.01%) |
Mkt cap ! $1.838B |
Open | High | Low | Value | Volume |
$10.05 | $10.28 | $10.05 | $7.076M | 692.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 781 | $10.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.29 | 10941 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 781 | 10.220 |
4 | 8493 | 10.200 |
2 | 3799 | 10.180 |
2 | 3487 | 10.170 |
2 | 2512 | 10.150 |
Price($) | Vol. | No. |
---|---|---|
10.290 | 10941 | 6 |
10.300 | 6755 | 6 |
10.310 | 100 | 1 |
10.320 | 3032 | 2 |
10.330 | 2012 | 1 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
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