Chella, I suggest using agregators that give an insight into future earnings. These are updated as brokers update their research.
From what I am seeing, FY23 EPS earnings expectations (which should reflect your concerns) is around $1.95.
At current share prices this would still be a future PE of under 10 compared to MFG historical PE of 20. So significant de-rating by the market (which by definition actually increases margin of safety, but does not ELIMINATE risk, only reduces risk).
Hence why I am in, but hedging my bets by taking positions across multiple funds managers now the whole sector is in the dog box.
As Warren Buffett says, one pays a high price for blue skies. Well there is not alot of blue sky share price premium in fund managers at the moment
Chella, I suggest using agregators that give an insight into...
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Last
$10.27 |
Change
-0.525(4.87%) |
Mkt cap ! $1.863B | |||
| Open | High | Low | Value | Volume |
| $10.50 | $10.55 | $10.15 | $2.910M | 282.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 772 | $10.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.27 | 268 | 5 |
View Market Depth
| Last trade - 12.51pm 20/08/2024 (20 minute delay) ? |
| MFG (ASX) Chart |