MFG 2.54% $9.98 magellan financial group limited

Valuation still looks convincing, page-81

  1. 1,758 Posts.
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    For the the very vocal yet novice like posters that voice opinions on MFG, my 2 trades at the end of 2022 and beginning of 2023 captured the exit of book balancing fund managers and many investors who could no longer absorb the numbing pain of a stock that cannot sustain a rise.

    The share price capitulation on these days was alluring offering the opportunity to buy over 10,000 shares at below $8.75.

    Earlier today l was able to sell an equivalent parcel at a pip below $10.

    l expect to buy back under $9 in the not too distant future, or if not, recover the full average cost of holding as BlackRock intend to.

    Many keyboard warriors that post on MFG have no idea how money is made from investment trading, yet forever seem to resent those who make it.

    You know who you are. Have a great 2023.

    To all other MFG holders, this business is nowhere near the end of its fight. If you are up for the pain and frustration and the tomatoes thrown by the non holders, l can only encourage you to stay the course.

    GLTASH


    Last edited by Jack1960: 05/01/23
 
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Last
$9.98
Change
-0.260(2.54%)
Mkt cap ! $1.775B
Open High Low Value Volume
$10.08 $10.15 $9.87 $3.078M 307.5K

Buyers (Bids)

No. Vol. Price($)
17 3820 $9.97
 

Sellers (Offers)

Price($) Vol. No.
$9.98 248 8
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Last trade - 15.22pm 08/10/2024 (20 minute delay) ?
MFG (ASX) Chart
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