I dont think it will take massive fund withdrawals to justify the price slide. Just the notion that the glory days of 30% annual FUM growth are over. Flat FUM will do that.
With flat FUM, MFG will be derated to a P/E of ??? Current P/E is 24 (basic) or 15 (adjusted)
The market seems to think that 15 is about right now for MFG
to think the price will improve materially from here you have to have a view that opposes that thinking. ie That profit growth will return - probably by some means other than FUM growth
I like the innovation side of MFG. They are really pushing the envelope.
I have no idea where the price will go from here in the short term but am buying in as opportunities arise - with funds from selling other investments
I dont think it will take massive fund withdrawals to justify...
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Last
$8.42 |
Change
-0.140(1.64%) |
Mkt cap ! $1.521B | |||
| Open | High | Low | Value | Volume |
| $8.52 | $8.53 | $8.34 | $4.998M | 594.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2816 | $8.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.43 | 162 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |