The business model is broken in my view because it relies on MFG being able to continue to charge fees to its managed funds which are not competitive.
Index funds (like QUAL) and low cost managed funds (like MFF) have and will continue to kill it.
It has had a bit of a fillip with the US stock market surge, but that will correct.
You can't really celebrate the fact that the funds outflow has slowed. There is still an outflow.
The business model is broken in my view because it relies on MFG...
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.56 |
Change
0.110(1.30%) |
Mkt cap ! $1.547B | |||
| Open | High | Low | Value | Volume |
| $8.46 | $8.57 | $8.45 | $4.295M | 504.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1352 | $8.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.57 | 2765 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$8.57 |
Change
0.110 ( 1.42 %) |
||||
| Open | High | Low | Volume | ||
| $8.47 | $8.57 | $8.45 | 165769 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| MFG (ASX) Chart |