Performance fees as opposed to management fees
So MGF gets a nice kicker for performance over 10%, which is spelt out in the dividend.
that part is doomed in a flat market (if that happens)
I agree with you on the PE. The market seems to be removing the high growth tag and assigning a flatter trajectory from here.
Flat FUM figures will play into this. Magellan is always innovating and have invested hugely in new types of products.
I havent heard much about Future Pay being discussed but this could be huge if the idea catches on.
MFG thumped again today. This is maybe not over yet, but I am averaging down.
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.461B | |||
| Open | High | Low | Value | Volume |
| $8.50 | $8.67 | $8.48 | $3.088M | 361.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1950 | $8.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.59 | 5048 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |