Investors will always expect to buy units at a market price discount to NAV when the exercise price of options are @ 7.5% discount to NAV.With the falling unit price due to poor performance the discount can be wider.
www.magellangroup.com.au/funds/magellan-global-fund-closed-class-asx-mgf/
When the discount to NAV are at more than 7%, the price of options are worthless. I wonder who will exercise the options when it’s cheaper from the market?
I doubt that the restructure will benefit the existing units holders and MFG shareholders.
Ann: Magellan Global Fund Partnership Offer Update, page-22
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Last
$10.53 |
Change
-0.290(2.68%) |
Mkt cap ! $1.810B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.77 | $10.44 | $5.896M | 558.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 950 | $10.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.54 | 1468 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| MFG (ASX) Chart |