From my brief reading, both Morgans and UBS reduction in 'target price' is a result of the following:
*Estimate that funds outflow will be around $23B over the next 3 years.
*MFG will be forced to lower their base management fee: at 1.35% its higher than many competitors. They are assuming a reduction in base management fees of 60bps to bring it into line with market leading rates.
*MFG cost structure cannot be reduced without the risk of loosing talent staff.
As a result FY24 EPS is estimated at $1.46
FY22 EPS: $2.43
FY23 EPS: $1.77
FY24 EPS: $1.46
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $10.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.43 | 22131 | 1 |
View Market Depth
| Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |