MFG has struggled over the last 6-months and while we are a little frustrated not to have exited earlier we feel the stocks starting to present excellent value. They’ve just reported 1H earnings that look largely inline with expectations printing adjusted net profit after tax of $213m for the half, while they said total funds ticked up 9% during the half to be back up to $100.9b.
MM likes MFG ~$50
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