agree with all the comments. Going forward even if performance fees are lower than 2020FY, income from direct investments will substitute over next 3 to 5 years. China is supposed to be reaching peak steel consumption stage very soon, so the A$ is not going to stay at this high levels for long. I think this is what happens when big investment banks puts out reviews which has wrong interpretation of what is happening. MFG US portfolio is firing in all cylinders.!
MFG Price at posting:
$47.62 Sentiment: Buy Disclosure: Held
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