still nothing to suggest a serious earnings downgrade. total FUM is still higher that it was at the last reporting period so there is a very realistic chance of at least 450m net profit before any abnormals. current market cap of 6.128 B giving a forward PE ratio of 13.6
wasn't long ago the market was pricing MFG at almost twice is current price. and it's lost 50% in value due to a headwind in its earning potential.
I was in at $42. I've averaged down once at $36. I'm so close to doubling my initial investment in MFG. especially when so many other companies are trading at record multiples. your getting a earnings yield buying MFG .
ride the roller coaster and stand firm against Mr Market
MFG in the BUY zone, page-260
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 (20min delay)
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Last
$8.51 |
Change
-0.110(1.28%) |
Mkt cap ! $1.538B | |||
| Open | High | Low | Value | Volume |
| $8.55 | $8.61 | $8.48 | $3.234M | 379.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2083 | $8.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.53 | 4645 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$8.50 |
Change
-0.110 ( 1.41 %) |
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| Open | High | Low | Volume | ||
| $8.54 | $8.61 | $8.49 | 66971 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| MFG (ASX) Chart |