I would only invest at a 15x P/E ratio if the global interest rates are much higher than they are today, ~3-5% to support your valuation. Hamish has been known to be a value investor, and I believe that in this late leg of the economic cycle will lead to poorer returns and increasing volatility in markets. MFG would be a good place to park money on a DRP and continue accumulating.
I would only invest at a 15x P/E ratio if the global interest...
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Last
$10.49 |
Change
0.210(2.04%) |
Mkt cap ! $1.875B | |||
| Open | High | Low | Value | Volume |
| $10.29 | $10.57 | $10.25 | $4.999M | 477.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 373 | $10.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.49 | 1845 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |