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.
- Forums
- ASX - By Stock
- Ann: Funds Under Management - June 2022
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)
Featured News
Add MFG (ASX) to my watchlist
|
|||||
Last
$9.02 |
Change
-0.005(0.06%) |
Mkt cap ! $1.627B |
Open | High | Low | Value | Volume |
$9.01 | $9.07 | $8.91 | $1.875M | 208.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1594 | $9.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.02 | 1010 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1594 | 9.010 |
21 | 3012 | 9.000 |
12 | 2790 | 8.990 |
12 | 3777 | 8.980 |
8 | 2403 | 8.970 |
Price($) | Vol. | No. |
---|---|---|
9.020 | 1232 | 9 |
9.030 | 2762 | 15 |
9.040 | 2688 | 12 |
9.050 | 12244 | 19 |
9.060 | 3068 | 8 |
Last trade - 13.23pm 06/09/2024 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |