Those that thought MFG was a dud were wrong for ~15 years - from...

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Hankypanky

55 Posts.

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07/01/23

07:26

Post #: 65573403
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Originally posted by asxunsullied: ↑

That is an extremely good post Lost.
You have documented brilliantly the HD "spin" with excellent examples
Thing is I actually knew it was happening and happy for it to continue - banking on the average "wildebeest" investor to keep the faith which would allow MFG to keep it's fees high and profitability
What I didn't anticipate was just how savage the overall markets would be - partic OS and tech and the downright panic of investors
But the big one I didn't pick was the dumping of MFG FUM by those big OS institutions.
How is anyone supposed to "predict" that?
It's easy (with the benefit of hindsight) to anticipate all that
As an investor if you want to make money owning stocks, well guess what....you actually have to own them!....
Now there's a surprise!
What riles me a bit is all the armchair "experts" with zero skin in the game who "knew" (all along) MFG was a dud...
Investing is about risk
Sure I should have taken some off - selling MFG when markets (partic tech) reached all time highs.
I guess I did get lured by the HD spin, thinking he would do just that with the FUM and pivot to more conservative stocks within the very portfolio that MFG managed. That didn't happen and the rest is history.
That is a very good point you make lost and an excellent post
Thanks for that - I live and learn
Tell me if MFG lowers it's fees and really does become the conservative fund manager it tells everyone it is, do you think they can turn it around?
I'd be happy "it became a PTM" (from here)
Or do you think "conservative" fund managers are basically history - unable to compete with exchange traded funds and indexing?
I value your opinion on that
Seems yr one of the most sensible heads around here on MFG
Sooner or later I will need to make a decision
Do I hold for a turn around and claw back my capital loss with 10 yrs or so of dividends or do I dump and run?
I am inclined to hold for the long hall back, but I could be convinced that will never happen and it could go to zero
Your thoughts?
And thanks for all the efforts
NA/IMO

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Those that thought MFG was a dud were wrong for ~15 years - from ~100m mkt cap to ~10bn mkt cap .... if you were an early investor, you’re still up multiple x, excluding divs.

MFG Price at posting: $8.68 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $8.38		Change -0.030(0.36%)		Mkt cap ! $1.446B

Open	High	Low	Value	Volume
$8.40	$8.40	$8.28	$1.658M	198.8K

Buyers (Bids)

No.	Vol.	Price($)
28	885	$8.37

Sellers (Offers)

Price($)	Vol.	No.
$8.38	3230	29

View Market Depth

No.	Vol.	Price($)
22	1088	8.370
23	2956	8.360
14	2250	8.350
13	3705	8.340
9	4492	8.330

Price($)	Vol.	No.
8.380	2812	18
8.390	2543	12
8.400	7976	15
8.410	6406	11
8.420	6715	10

Last trade - 12.17pm 18/06/2025 (20 minute delay)

MFG (ASX) Chart

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Those that thought MFG was a dud were wrong for ~15 years - from...

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