as far as I can see the business model looks stuffed long term
*they pay distributions out of capital which is bit of a shocker
*they have incredible amounts of debt and this is used to raise ROE
*the fees are way to high and no fund in its right mind would want Mac running the show
*there is incentive to overpay for assets as this leads to more fees
*the funds are always going to the market to raise capital
this report shows that the business model is not sustainable as far as I can see
Michael West hasn't said anything that is not in the report as far as I can see
m. west article, page-6
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Last
$228.53 |
Change
-0.990(0.43%) |
Mkt cap ! $87.10B | |||
| Open | High | Low | Value | Volume |
| $229.92 | $230.59 | $228.30 | $101.2M | 442.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 266 | $228.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $229.00 | 110 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MQG (ASX) Chart |