Hi @Ajax
The $26 share price for MFG is feasible, if the current FUM growth aligns with PTM -3% reduction of FUM for the last quarter. PTM current PE ratio is 11.46 based on today's share price.
Looking @dabozza chart in post here https://hotcopper.com.au/posts/56757226/single, the outflow in retail and institutional FUM by$4B could contribute to this reduction over the next year and a continued decline into 2022-2023, if markets move sideways for a while.
Best of Luck
Lost
MFG in the BUY zone, page-422
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Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B | |||
| Open | High | Low | Value | Volume |
| $10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2494 | $9.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 45242 | 13 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |