MGR -4.58%: Reported a better-than-expected 1H23 result today, however, they maintained their full-year guidance for operating EPS of 15.5c and a dividend of 10.5c which implies they think the 2H will be tougher. Given the run-up in share price leading into today’s result., clearly, there was optimism around the potential for an upgrade to FY numbers, but alas, it proved elusive and the market sold it off.
MM is neutral MGR
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