The ongoing bleed in FUM isn't exactly surprising, you can see that built into analyst estimates whom are not expecting things to turnaround until FY25:
Whilst there are risks, there are also opportunities, the forward 2 year earnings multiple (currently the expected FY24 trough) is near the lowest on record for MFG:
If that FY24 earnings expectation can stabilised and there is a return to expected growth in the future, there is an easy 80% gain just for MFG to return to a more normal earnings multiple.
Of course chasing that potential gain comes with significant risk, but for me, it's worth the bet.
The ongoing bleed in FUM isn't exactly surprising, you can see...
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.36 |
Change
-0.070(0.83%) |
Mkt cap ! $1.511B | |||
| Open | High | Low | Value | Volume |
| $8.44 | $8.44 | $8.24 | $12.59M | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8816 | $8.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.36 | 1686 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |