And there we have it.Index nightmare... next year...

First 58 Last

Share
Profile

Follow
cutty

3,823 Posts.

497

06/10/22

18:50

Post #: 64070188
Share

Originally posted by Jack1960: ↑

Lots of quite unsophisticated (bordering on plain silly) comments on this thread in respect of the ongoing viability of MFG.

I have been waiting for today's FUM release. In my view, the $3bn lost to market movement was totally expected, $3bn+ institutional outflows was disappointing and $400 retail outflows encouraging. All in all when markets are falling heavily (as they did in September) every fund manager seems FUM belted. No news in that.

Having been patient all through the final weeks of September, I have bought a nice holding today in low $10.60 area. Plenty of dry powder at hand for my ultimate buy in below $10. This business in the process of transition. It is NOT EVEN CLOSE to any financial stress, merely a substantial revision of funds management profits, with Barrenjoey sitting on the side of it with potential maiden profit distributions in 2023 and beyond.

2023 will most likely be a stock pickers market and index fund nightmare. Confidently I can say I do not need it to rain before I carry an umbrella with me. Similarly, I do not need to see the markets turn before positioning myself for to where they are heading. I have way too much gray hair to fall into the naïve thoughts of some here.

GLTASH

Expand

And there we have it.

Index nightmare... next year...

MFG Price at posting: $10.75 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

ASX Market Open: Local bourse tipped to trade red after same on S&P500

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

First 58 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $10.54		Change 0.000(0.00%)		Mkt cap ! $1.812B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	1	$11.06

Sellers (Offers)

Price($)	Vol.	No.
$9.75	2649	1

View Market Depth

No.	Vol.	Price($)
1	1	11.060
2	838	11.020
3	117	10.850
1	90	10.750
1	70	10.720

Price($)	Vol.	No.
9.750	2649	1
9.900	25	2
10.240	1016	2
10.500	115	1
10.540	500	1

Last trade - 09.41am 31/07/2025 (20 minute delay)

MFG (ASX) Chart

And there we have it.Index nightmare... next year...

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

ASX Market Open: Local bourse tipped to trade red after same on S&P500

Neurizon inks $1.5M loan against R&D Tax Rebate

Ionic Rare Earths falls -7% as momentum slips on vague production update

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

And there we have it.Index nightmare... next year...

Top Stories

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

ASX Market Open: Local bourse tipped to trade red after same on S&P500

Neurizon inks $1.5M loan against R&D Tax Rebate

Ionic Rare Earths falls -7% as momentum slips on vague production update

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News