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$11.05 magellan financial group limited

Ann: Funds Under Management - November 2021, page-21

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mars747

279 Posts.

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06/12/21

15:55

Post #: 58104313
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Originally posted by Chella: ↑

absolutely correct and this brings me to the next point. FY 21 during 1st half MFG EPS was A$1.14 with average FUM of $101 B. During FY22 in the 1st half to 31 Dec 21 average FUM is $116B currently with only 1 month to go. My estimate for EPS for this period is $1.30 to 1.40, with bit of increase performance fee about $10k and principal investment profit of $5k.
So the profit is going to be around 20% more. FY will be $2.70 range. On that basis dividend yield will be more than 7.5%. Where will you get that kind of return. Invetor confidence is very low as you can from the comments in this forum, market is waiting actual numbers published in my opinion in Feb 22.
Even as at today FUM is still $116.5 B even after FAANG stock took a hit on last Friday. A$ drop to .70 cents which is helping MFG.

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Looking at todays FUM with exchange rate adjustment and DOW correction at the end of November there would of been no outflows on the face of it.

MFG Price at posting: $31.16 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $11.05		Change 0.050(0.45%)		Mkt cap ! $1.975B

Open	High	Low	Value	Volume
$10.98	$11.05	$10.85	$6.720M	611.6K

Buyers (Bids)

No.	Vol.	Price($)
1	90	$11.00

Sellers (Offers)

Price($)	Vol.	No.
$11.06	321	2

View Market Depth

No.	Vol.	Price($)
1	90	11.000
2	6423	10.970
1	1656	10.960
1	2331	10.950
3	7005	10.850

Price($)	Vol.	No.
11.060	321	2
11.070	1656	1
11.090	1656	1
11.100	1050	2
11.150	6778	1

Last trade - 16.10pm 28/10/2024 (20 minute delay)

MFG (ASX) Chart