agree with not adding capital to the mkt, rotation is what i have done too - mkt is hanging by a thread, selling off when still cum-div (mkt in general - i know mfg is ex-div) is insane and counter history (typical strong Jul-Sep, weak Oct-Dec) - so what will happen post ex-div (Oct-Dec)? huge mkt cliff on the way.....
our mkt is undervalued as are euro mkts:
but we catch a cold when the usa sneezes, and they could easily do a 10-20% correction from here.
fundies in general will hurt if that happens, but im sitting idle overall as i can see deep value in the asx mkt but wont swim against the tide which is clearly running out, not in and at the moment....
MFG Price at posting:
$12.80 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)