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MAM

2.80%

52.0¢ microequities asset management group limited

Ann: Appendix 4D and HY19 Financial Report, page-41

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Just_a_guy

5,420 Posts.

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03/07/19

12:30

Post #: 39351971
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Originally posted by Ren0o: ↑

I think it's very unlikely, especially looking at the long term performance of the main deep value fund. Still 17%+ p/a over the last 10 years? Even including the last 2/3 years of underperformance, it's a big outperformer. The portfolio may simply have became overvalued by latter 2016 given the outstanding price growth prior to that. It fell to fair value and as is often the case, may have overshot to undervalued. I saw a few bad positions/mistakes mentioned here, but just the nature of active management I guess. The real risk has always been emotional investors jumping ship, but it seems less in this case with sophisticated investors, many of whom are long term orientated, see the bigger picture and may have done very well out of this manager. Although will be good to see the client numbers as you say. It seems late in the economic cycle, but the financial media is US-centric. In most world markets, without much of a boom, it's hard to expect too deep of a bust, although elevated debt levels are a risk. It looks like an undervalued portfolio (and SP), with excellent long term performance and track record. There is probably no point worrying about macro things.

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good summary I think

MAM Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 52.0¢		Change -0.015(2.80%)		Mkt cap ! $69.00M

Open	High	Low	Value	Volume
53.0¢	53.0¢	52.0¢	$16.90K	32.35K

Buyers (Bids)

No.	Vol.	Price($)
1	540	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
55.0¢	10754	1

View Market Depth

No.	Vol.	Price($)
1	5806	0.515
2	16600	0.510
1	4000	0.505
3	22800	0.500
1	50000	0.495

Price($)	Vol.	No.
0.550	10754	1
0.565	15002	1
0.575	6000	1
0.590	2000	1
0.000	0	0

Last trade - 15.48pm 04/10/2024 (20 minute delay)

MAM (ASX) Chart

Ann: Appendix 4D and HY19 Financial Report, page-41

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

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Ann: Appendix 4D and HY19 Financial Report, page-41

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

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