I think market conditions are moving in MFG’s favour. Iron ore prices are declining slowly and A$ loosing value against US$. I don’t think there is much to go on this value stock rotation. MFG portfolio are solid companies with long term potential and very profitable as at today. Going forward for years to come these tech companies and consumer goods will do well. I think MFG off the bottom now. Other than what said above, there is no immediate contribution to profit . I am expecting it to trade around 47 to 55 for some time until principal investments start providing returns. Unless otherwise BlackRock has other ideas.
I think market conditions are moving in MFG’s favour. Iron ore...
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 (20min delay)
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Last
$8.44 |
Change
-0.060(0.71%) |
Mkt cap ! $1.454B | |||
| Open | High | Low | Value | Volume |
| $8.54 | $8.54 | $8.39 | $5.037M | 595.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $8.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.45 | 4641 | 2 |
View Market Depth
| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |