Weekend AFR has a table showing that 64.6% of MIG's EBITDA is paid as fees (presumably to Macquarie Bank). I understand the main reason this is in any way sustainable is that a very large portion of the fees is paid by way of issuing shares.
TCL, being internally managed, pays nothing to anyone. A better way of putting it, all cash is kept for shareholders.
Doesn't take a rocket scientist to work out the best one for shareholders.
MJS
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Last
$14.46 |
Change
-0.045(0.31%) |
Mkt cap ! $45.15B | |||
| Open | High | Low | Value | Volume |
| $14.50 | $14.55 | $14.44 | $2.288M | 157.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1627 | $14.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.46 | 5969 | 11 |
View Market Depth
| Last trade - 10.28am 15/09/2025 (20 minute delay) ? |
| TCL (ASX) Chart |