Hi @SaltyInvestor
100% agree. Bringing the below over from the other thread. Below outlines:
1. Current portfolio holdings performance
2. What happens based on current EPS?
3. What happens based on forecast EPS?
A drop in share prices of September quarter portfolio holdings and a reversion to historical PE Ratios will mean a drop of between 23.22% and 29.73% (a massive hit to current shareholders). If this happens tomorrow, the share price drop % should be similar to losing the SJP investment mandate. While this won't be as much compared to other Fund Managers, can current Magellan shareholders afford a further 30% drop in the share price?
Current Portfolio performance so far this year:
What happens based on current EPS? A drop of 29.73% or $19.304B in FUM for Global Equities only.
What happens based on forecast EPS? A drop of 23.22% or $15.077B in FUM for Global Equities only.
Best of Luck
Lost
Ann: Video update from Chief Investment Officer and Chairman, page-319
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