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Challenger Ltd (CGF) $5.91

Its been a while since MM looked at old market favourite CGF and it doesn’t take long to see why, we may have seen significant volatility from the likes of Magellan (MFG) and Pinnacle Investments (PNI) in the sector but CGF’s trading at the same level as it was this time last year. CGF continues to trade at half of its valuation back in 2017 when most investors wouldn’t consider selling the investment business – as we’ve said a few times today don’t underestimate how fortunes can trade for stocks.

MM is neutral CGF
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Challenger Ltd (CGF)
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