lol....u wish, predicted this almost precisely!....let me point it out CLEARLY for the laggards, as per my earlier "history repeating chart":
wow - what do you know??? its dropped almost $1 since the cum-div high [just like last year]!!who stated EXACTLY that.
but wait for it.....look whats gonna happen to the SP as you head to NOVEMBER...this WILL repeat. as predicted.
This oscillated for a while, typical FUM gets released, sp nosedives immediately, only to recover until the next monthly FUM release. Openly stated that any1 could've ridden this highly predictable wave - well done if you did! ....also clearly stated it was short lived.
The BB and special divs would only last so long.....and guess what Mr ROOKIE?? $$$$ are now gone. Kitty'$ empty!! no more $$$$ left.....
now NOTHING will artificially prop up the ailing SP. FUM drops will NOT be met with buyer volume as the ca$h splash appeal is now gone. This WILL react ONLY to fund performance and losses magnified by FUM CLIENT [out]FLOWS....
cant hide behind FX, buy backs nor special divs anymore.....fully exposed now to the REAL business drivers.
so, final div of 28c? means interims will be 15c tops, partly franked at best.....~43c on a $9 stock? 4.7% annual yield.....get more in a savings account....retail will continue to BLEED out....what will happen to your mngt fee income??
hope I added enough emojis for @Moonshine66
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magellan financial group limited
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Last
$8.56 |
Change
0.070(0.82%) |
Mkt cap ! $1.472B |
Open | High | Low | Value | Volume |
$8.50 | $8.65 | $8.38 | $6.275M | 734.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 131 | $8.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.58 | 30 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 131 | 8.560 |
3 | 3744 | 8.550 |
4 | 14143 | 8.540 |
3 | 1009 | 8.530 |
3 | 1793 | 8.520 |
Price($) | Vol. | No. |
---|---|---|
8.580 | 30 | 1 |
8.620 | 3600 | 1 |
8.630 | 3038 | 1 |
8.640 | 1744 | 1 |
8.650 | 2150 | 2 |
Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
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MFG (ASX) Chart |