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
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 (20min delay)
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Last
$8.68 |
Change
-0.060(0.69%) |
Mkt cap ! $1.568B | |||
| Open | High | Low | Value | Volume |
| $8.70 | $8.75 | $8.63 | $3.492M | 402.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5745 | $8.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.70 | 1050 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$8.66 |
Change
-0.060 ( 1.13 %) |
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| Open | High | Low | Volume | ||
| $8.71 | $8.76 | $8.63 | 89673 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| MFG (ASX) Chart |