Lets ignore the income/profits from funds investment and capital partners and just focus on the funds mgmt business
- say 70bn FUM (~20% outflow......hard to see given the concentration is much lower with the SJP exit
- earning ~60bps for 6mths which is ~210m
- costs of ~65m
- tax of ~23%
PAT of ~(210m-65m)*77% = ~112m which equates to EPS of ~60c for 6 mths
This is a pretty conservative scenario.........no performance fees, nothing from funds investment
Sure plenty of uncertainties with outflows/fund performance, but as Hamish & Chris said, the companies they have invested in are solid cash generating companies with rock solid balance sheets......long term can't see why they can't do their stated 9% with lower downside risk
Ann: Dividend/Distribution - MFG, page-6
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Last
$9.44 |
Change
-0.155(1.62%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
| $9.52 | $9.52 | $9.33 | $1.798M | 190.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23 | $9.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.44 | 2900 | 29 |
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| Last trade - 14.10pm 18/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |