Correct, I am assigning little value to the options.
I have never witnessed attaching options to a closed fund do anything other than peg the share price. There is a reason they have become relics when floating new funds.
The fund in question both employs a buy back and personal investment from both directors.
I am not trying to slag Magellan. I have nothing but respect for Hamish.
However, the current cash grab - just isn't enticing to investors.
Ann: 2021 Interim Results Briefing, page-72
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Last
$11.10 |
Change
0.315(2.92%) |
Mkt cap ! $1.979B | |||
| Open | High | Low | Value | Volume |
| $10.98 | $11.12 | $10.94 | $5.600M | 507.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 577 | $11.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.10 | 946 | 7 |
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| Last trade - 13.04pm 17/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |