Wow that rerated pretty fast!
For the record I think it is probably reflecting fair value here based on current available information.
Assuming a PE of 10 the price at close today (18.59) has rerated to reflect the full 93bn FUM and a 15% haircut on the fees which seems about right to me.
I’m not normally a trader but when Mr. Market offers you 13% in 2 days in this environment you have to grab it. The operating leverage working against you on the way down requires careful monitoring on this one.
I wish the new team and all holders the best in turning the ship.
GLTAH
Wow that rerated pretty fast!For the record I think it is...
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Last
$8.41 |
Change
0.080(0.96%) |
Mkt cap ! $1.452B | |||
| Open | High | Low | Value | Volume |
| $8.31 | $8.41 | $8.20 | $12.67M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5667 | $8.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.41 | 15509 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |