I read this in the morning and think it is garbage. How can you forecast $2.27 EPS for FY 2022, when in 2021 MFG earned 2.25 EPS on average FUM of 103.5B and it is in the range of 117B. In addition $2.25 was with principal investments loss of 22cents on Barrenjoey capital start up cost. As I said in my previous correspondence at least for the 2022 FY Barrenjoey have got enough deals to complete. My take is they will make a positive contribution in 2022 now. Not sure about 2023 and onwards. Hopefully they would pushed out UBS further from the market by that time. Obviously UBS is hurting and they can still write these kind of stuff because of the name they carry. So you need to value MFG on EPS of at least 2.70 not at what UBS is quoting at 2.27 EPS.
MFG in the BUY zone, page-39
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Last
$11.45 |
Change
0.190(1.69%) |
Mkt cap ! $2.047B | |||
| Open | High | Low | Value | Volume |
| $11.32 | $11.50 | $11.28 | $7.057M | 618.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58 | $11.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 1610 | 2 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |