Chella,
The market is pricing in significant 'share pricing risk' for MFG.
This is good. I like risk, I don't like 'blue sky'.
But this doesn't mean every opportunity will work out, just because the market prices in risk, sometimes the market is right, and sometimes its not.
Its not a 100% probability equation.
But as part of a diversified portfolio, holders of MFG are at least compensated for risk. (ie its much less risky to own a share of MFG at $17 than at $50, but that risk is not risk free).
Does this make sense?
For those thinking about this I suggest reading an article from Howard Marks: What is risk?
Ann: Hamish Douglass - Medical Leave of Absence, page-147
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Last
$9.44 |
Change
-0.050(0.53%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $9.53 | $9.67 | $9.42 | $3.361M | 352.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1229 | $9.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.45 | 1457 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |