Buy back is not guaranteed. even a buy back won't stop the SP slumping unless the FUM turn into profit.
Worse than the outflow is their management performance, which lost value of $2b (on top of the $2b outflow). I think MFG soon will restrict the fund withdrawal and will cause more pain.
Ann: Funds Under Management - September 2023, page-65
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Last
$9.22 |
Change
-0.220(2.33%) |
Mkt cap ! $1.666B | |||
| Open | High | Low | Value | Volume |
| $9.29 | $9.34 | $9.15 | $6.465M | 699.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2770 | $9.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.26 | 2770 | 1 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |