Will be interesting to see how MFG trades today.
Yesterdays sell off seemed a little overdone based on the FUM update which suggests maybe news of the CEOs resignation had got out and is partly priced in (not that I think there’s much to ‘price in’ - is it really that big a deal ?)
Nearly all of the major Magellan holdings traded strongly on the US market last night......The stronger ones being :
Facebook up 3.59%
Yum Brands up 3.24%
MasterCard up 3.48%
Visa up 3.24%
SAP up 2.80%
Reckit Benckiser up 2.48%
Alibaba up 10.4%
....so hopefully that overrides the CEO news and we have a green day.
Still firmly of the view that MFG is oversold on negative sentiment and is good buying at these levels.
MFG in the BUY zone, page-888
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.11 |
Change
-0.510(4.80%) |
Mkt cap ! $1.807B | |||
| Open | High | Low | Value | Volume |
| $10.21 | $10.39 | $10.07 | $7.278M | 718.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 297 | $10.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.14 | 80 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |