Hey ASXU: I feel your pain here. As much as I have dumped on MFG, I’m a bagholder too of a company with deteriorating fundamentals (I’m down close to 50% on ATUS lol)
Regarding your Peter Lynch quote: I think that applies only is the fundamentals of the company aren’t deteriorating. IMO, MFG’s reputation is permanently impaired, so I don’t foresee any great recovery even if the funds outflow is stemmed. Funds mgmt is a rep business: once you screw that up, I think you’re finished
At this point, I view my ATUS bag holding as a tax loss, and OFC can’t give you advice, but if I had an average price of $25 on MFG I would probably be thinking the same way
GLTAH
Ann: Funds Under Management - September 2022, page-29
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Last
$9.29 |
Change
-0.060(0.64%) |
Mkt cap ! $1.679B | |||
| Open | High | Low | Value | Volume |
| $9.35 | $9.61 | $9.17 | $7.318M | 779.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1999 | $9.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.33 | 354 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| MFG (ASX) Chart |