completely wrong noom! second half avg fum 90bn. you have 1/3 less opening FUM (60bn opening bal) for FY23. Fees earnt on this are compressing (MFG are lowering their fees to remain "attractive") = double whammy....!
you can NOT extrapolate H2 for FY23 AT ALL.
posted figures earlier on another thread to what this thing will earn next year. your back of the envelope is wayyyyy too high for the FUM these guys have left, even assuming they can hold onto 100% of it....
scary...
MFG Price at posting:
$13.78 Sentiment: Sell Disclosure: Not Held
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