EBIT drop is from forecasted figures for 2022, which was higher than 2021. What will happen is FUM will go back to 2021 levels. At this point MFG should easily earn 2021 EPS of 2.40 before one offs quit easily. Dividend yield will be more than 10%. Problem in investors mind is are there any others to follow and how much more time will they give to come up with competitive numbers with indexes. Hamish needs to come out discuss what has happened and what it looks like for future.
MFG Price at posting:
$21.29 Sentiment: Buy Disclosure: Held
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