These announcements are always like cockroaches.....when the light shines, there are lots more to be seen. There is too much career risk for institutional managers to keep their allocation with them (including retail advisors) after SJP pulled their investment. Not enough upside if they get it right, and get fired if they continue to slide.
Realistically , I think you have to assume that the "E" in P/E with be materially lower, so in my view the slide is on. Even then, it should trade on low multiples like every other fund manager. I think the shows over for this mob.
These announcements are always like cockroaches.....when the...
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$9.76 |
Change
-0.050(0.51%) |
Mkt cap ! $1.764B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.77 | $9.63 | $2.785M | 286.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 928 | $9.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.77 | 2144 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |