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
From my brief reading, both Morgans and UBS reduction in 'target...
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Last
$8.41 |
Change
0.080(0.96%) |
Mkt cap ! $1.452B | |||
| Open | High | Low | Value | Volume |
| $8.31 | $8.41 | $8.20 | $12.67M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5667 | $8.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.41 | 15509 | 3 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |