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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I'm out after a long suffering few years as an MFG shareholder....
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Last
$8.22 |
Change
-0.060(0.72%) |
Mkt cap ! $1.487B |
Open | High | Low | Value | Volume |
$8.26 | $8.29 | $8.19 | $1.305M | 158.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1396 | $8.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.22 | 1012 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 1172 | 8.220 |
14 | 4097 | 8.210 |
11 | 8594 | 8.200 |
8 | 2318 | 8.190 |
6 | 2359 | 8.180 |
Price($) | Vol. | No. |
---|---|---|
8.230 | 2167 | 18 |
8.240 | 2737 | 9 |
8.250 | 6083 | 11 |
8.260 | 8600 | 12 |
8.270 | 30982 | 7 |
Last trade - 12.46pm 19/06/2024 (20 minute delay) ? |
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