MFG has been in a wonderful trading range between $8 - $10 a feast for anyone who is trading sentiment, though probably a disappointment for those looking long, either $12 or $5 depending on one's view.
I expect anyone wgo wanted out is now already out. That should limit downside. However, I see little in the way of a fundamental catayst to trigger a re-rating by the market.
Long term holders, as opposed to traders, should accept a 5%- 7% running yield as the state of affairs until either right sizing measures kick in or markets deliver a whack.
Except for my 15% up/down trades, which MFG delivers very regularly, I no longer spend time looking at what is happening under the bonnet.
GLTAH
Shorters are crying, page-141
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Last
$9.03 |
Change
0.005(0.06%) |
Mkt cap ! $1.627B | |||
| Open | High | Low | Value | Volume |
| $9.01 | $9.07 | $8.91 | $1.715M | 190.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1883 | $9.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.03 | 1688 | 13 |
View Market Depth
| Last trade - 12.57pm 06/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |