Certainly due for a re-rating now the repeatability of earnings is de-risked (ie reliance on performance fees replaced by asset based fees deducted irrespective of performance).
Thinking 14-16 dollar range is probably around fair value on a peer to peer basis. They still have significant momentum with net flows and 30b might not be an unrealistic end of year target in my view.
New products perhaps coming to market this year?
Certainly due for a re-rating now the repeatability of earnings...
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.461B | |||
| Open | High | Low | Value | Volume |
| $8.50 | $8.67 | $8.48 | $3.088M | 361.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1950 | $8.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.59 | 5048 | 2 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |