I'm out after a long suffering few years as an MFG shareholder. I drew up a graph of FUM over the last 6 months and it shows no sign of stabilizing. Whilst the buyback may help to put a floor under the share price in the medium turn, I had to ask myselft if I didn't already own MFG, would I be buying today and the answer is a definite no.
I also note the lack of director buying even at these knock-down prices.
I also did some research on Brian Benari, head of Barrenjoey, and the first link on google is somewhat concerning.
It is painful to crystallize a susbstantial capital loss and the share price may well increase from here but I feel a weight off my shoulders no longer being an MFG holder.
Good luck to holders, hopefully management can turn the ship around soon.
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Last
$8.19 |
Change
0.050(0.61%) |
Mkt cap ! $1.480B |
Open | High | Low | Value | Volume |
$8.12 | $8.19 | $7.99 | $5.601M | 691.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 709 | $8.19 |
Sellers (Offers)
Price($) | Vol. | No. |
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$8.21 | 4682 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120 | 8.180 |
1 | 2500 | 8.130 |
1 | 1200 | 8.110 |
1 | 150 | 8.080 |
3 | 6000 | 8.050 |
Price($) | Vol. | No. |
---|---|---|
8.220 | 4000 | 1 |
8.250 | 370 | 1 |
8.400 | 12382 | 5 |
8.410 | 559 | 1 |
8.420 | 3000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$8.18 |
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Change
0.050 ( 0.22 %) |
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Open | High | Low | Volume | ||
$8.14 | $8.18 | $8.00 | 101926 | ||
Last updated 15.59pm 14/06/2024 ? |
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