HY 2022 results should be really good compared to 1st HY 2021, provided no one off expenses. Funds were withdrawn only few days before half year end, it will show up in the future results. Unfortunately this will be the last good results for some time to come. Current SP is probably priced taking into consideration of the decreased FUM. It seems like the focus and the spin will be more on the management team and structure and trying to get rid of the key person risk issue. I got the impression from Chris Mackay’s podcast that Hamish M is permanent as chairman and Hamish D , if he comes back it will be as chief investment officer only. Hopefully they will announce the new CEO too and finish that off.
MFG Price at posting:
$18.32 Sentiment: Buy Disclosure: Held
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