Not out of the woods just yet, but consolidation of financial position has been completed and rebuild is beginning.
Like all troubled businesses, they take time to refocus. MFG is really no different.
The recovery of the share price will track the recovery in profits.
From its nadir of circa $6, l am expecting a forward SP of $12 - $15 within 3 years with a running yield of over 6%.
Not too shabby for investors smart enough to understand a debt free funds management business and have enough to invest during its dark ages.
GLTASH
Shorters are crying, page-149
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Last
$10.64 |
Change
-0.120(1.12%) |
Mkt cap ! $1.902B | |||
| Open | High | Low | Value | Volume |
| $10.67 | $10.74 | $10.54 | $3.296M | 309.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1826 | $10.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.66 | 632 | 5 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |