I feel for shareholders. This has all the makings of Babcock and Brown. This even has an expensive arrogant investment bank with arrogant overpaid fat investment bankers....
It will bleed FUM and capital
It will have fees reduction.
Performance Fees zero
Dividends cut to preserve cash
More Mandates walk
Financial Planners will pull funds and no recommend.
More resignations
Staff defections
Management changes
Board Changes
Regulatory investigations
Class Actions
Short attacks
Barrenjoey MBO or spinoff?
Dilutive cap raises at low prices
That is the current trajectory. Thats reality now. Fun is over unless a Miracle comes. MQG ???
Or No bounce and risk still to downside for many months.
....and low cost better performing passive ETFs the winner.....and a few shorts from a month ago.
Ann: St James's Place Mandate, page-163
Add MFG (ASX) to my watchlist
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Last
$8.56 |
Change
0.110(1.30%) |
Mkt cap ! $1.547B | |||
| Open | High | Low | Value | Volume |
| $8.46 | $8.57 | $8.45 | $4.295M | 504.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1352 | $8.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.57 | 2765 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$8.57 |
Change
0.110 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $8.47 | $8.57 | $8.45 | 165769 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| MFG (ASX) Chart |