I've pulled the plug.
It is hard to remain positive given the sizeable reduction in FUM. I also think fund managers are going to have a torrid time over the next few years since I think the market is due for a significant correction. Risk free rates of interest are providing similar returns to company dividends. The last time that occurred was in 2007.
In any case, I need the capital loss to offset the gain I was forced to take on the CSR takeover.
Having said all of the above, I can see there is some potential for significant upside for holders and am not going to express a sell sentiment.
Ann: Fourth Quarter FY24 Business Update, page-15
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Last
$22.60 |
Change
-0.150(0.66%) |
Mkt cap ! $2.579B | |||
| Open | High | Low | Value | Volume |
| $22.00 | $22.63 | $21.90 | $6.682M | 297.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 960 | $22.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.62 | 615 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PPT (ASX) Chart |