It's not about 80%, it's actually closer to 100% when get to 10+ years. Here's the data: https://www.spglobal.com/spdji/en/spiva/article/spiva-australia/
Magellan could pivot but Australian businesses are stupid. Why pivot when you can just pay shareholders and yourselves virtually all of those profits that *could* be reinvested as dividends? It's easier to milk the cow till it's dead than find a way to make new ones, because at the end of the day these directors are part of the 1% who will walk away with bazillions while the pitiful, simpleton Magellan shareholders on this forum will work into retirement.
MFG - FUM, page-8
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Last
$8.42 |
Change
-0.140(1.64%) |
Mkt cap ! $1.521B | |||
| Open | High | Low | Value | Volume |
| $8.52 | $8.53 | $8.34 | $4.998M | 594.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2816 | $8.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.43 | 162 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |