MFG 0.56% $10.79 magellan financial group limited

Ann: Funds Under Management - November 2021, page-105

  1. 8,479 Posts.
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    There would be a lot of unhappy people particularly if they bought in well above current prices - perhaps a few expected these massive falls. It does appear that there are issues when a sudden departure is announced of key personnel. Personal matters should be left personal (divorce), however, agree to shareholders deserve a better explanation as to why the CEO just packed up and left - and also as to what direction is the company taking to address whatever caused the fallout - particularly given the rather savage drop in share price over a relatively short period.

    In the absence of some clarification announcement, arresting further sp decline may prove difficult at least in the short term. There are already plenty of elements of uncertainty in the markets without adding more. Question: is current pricing indicative of company worth - has it declined too far and what can or will company do to boost market confidence and thus restore some upward trajectory?? I sincerely hope company will grow - currently it's stunted.
 
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