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
$9.54 |
Change
0.030(0.32%) |
Mkt cap ! $1.720B |
Open | High | Low | Value | Volume |
$9.68 | $9.72 | $9.44 | $3.699M | 387.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 2251 | $9.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.54 | 768 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1160 | 9.530 |
14 | 3852 | 9.520 |
8 | 3358 | 9.510 |
18 | 8673 | 9.500 |
14 | 15614 | 9.490 |
Price($) | Vol. | No. |
---|---|---|
9.540 | 2088 | 23 |
9.550 | 3168 | 12 |
9.560 | 5111 | 14 |
9.570 | 10375 | 10 |
9.580 | 1707 | 6 |
Last trade - 14.20pm 11/07/2024 (20 minute delay) ? |
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MFG (ASX) Chart |