I have it in that range at A$ 98 B, excluding any other withdrawal of funds. My calculations for SJP withdrawal is A$ 20.6 B. Fx change from .709 to .72 US/Aud.
If I assume no more withdrawals of institutional funds or it can be replaced over next 3 years and no change retail management fees , MFG should be able to earn EPS around A$ 2.30 in FY 23 & 24 FY. This is after accounting for 2024 FY increased tax rate.
If they have to reduce fees for retail investors to around 1.15 to 1.20% , EPS drops to around $2.10.
For MFG to turn around for growth company, it has to match and begin to beat indexes over next year.
It can happen only during normal economical conditions without all these stimulus liquidity. In my opinion that is where the global economy is heading, which should help MFG immensely.
I have it in that range at A$ 98 B, excluding any other...
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Last
$9.43 |
Change
-0.160(1.67%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
| $9.52 | $9.52 | $9.33 | $3.454M | 366.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1959 | $9.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.45 | 2388 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |