I think it clearly overshot to the upside recently and may slide back a bit more before stabilising (especially if the US Market continues its pull back), but it would seem to have a strong long term future as their innovative and dynamic team continue to invest in building LICs and LITs which provide permanent FUM in respect of which they earn their percentage based fees. The recent capital raising whilst the share price was elevated was a smart move and you have to like the way Hamish Douglas' financial mind works. When it comes to funds management, the quality of the investment team is paramount.
MFG Price at posting:
$50.91 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)