Hey ASXU: I feel your pain here. As much as I have dumped on MFG, I’m a bagholder too of a company with deteriorating fundamentals (I’m down close to 50% on ATUS lol)
Regarding your Peter Lynch quote: I think that applies only is the fundamentals of the company aren’t deteriorating. IMO, MFG’s reputation is permanently impaired, so I don’t foresee any great recovery even if the funds outflow is stemmed. Funds mgmt is a rep business: once you screw that up, I think you’re finished
At this point, I view my ATUS bag holding as a tax loss, and OFC can’t give you advice, but if I had an average price of $25 on MFG I would probably be thinking the same way
GLTAH
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- Ann: Funds Under Management - September 2022
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Last
$8.50 |
Change
0.070(0.83%) |
Mkt cap ! $1.536B |
Open | High | Low | Value | Volume |
$8.48 | $8.52 | $8.38 | $8.209M | 968.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2506 | $8.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.51 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 40429 | 8.480 |
2 | 5921 | 8.460 |
5 | 8169 | 8.450 |
2 | 6563 | 8.440 |
1 | 1963 | 8.430 |
Price($) | Vol. | No. |
---|---|---|
8.510 | 1000 | 1 |
8.520 | 26089 | 6 |
8.530 | 5282 | 3 |
8.540 | 5323 | 3 |
8.550 | 7658 | 4 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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MFG (ASX) Chart |