I could be here all night talking about it but some similar characteristics to mfg.
1. Management are exceptional
2. Unique industry with relatively high barriers to entry
3. In only mandated growth industry in the country (super)
4. Business is making money. 9 years of history
5. Is registry business for magellan and other massive funds, so as they grow so too do fees of Mainstreambpo
6. Asian business established
7. Small player in a soon to be very big market.... Offshore companies have to be looking at it if they want to get a foot into this countries pension industry.
8. Super at 2trillion now....9 trillion by 2033 if you believe former assistant treasurer Frydenberg.
Slow boring business but who cares if you are making $$$$$.
Cheers
MFG Price at posting:
$21.69 Sentiment: Buy Disclosure: Held
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