Assuming the following:
-That all transactions for FPAY are buyers (as selling wouldn't make sense as you give up your cash buffer) for the last two months
-Purchases are all at the market low price for the day
This assumes that there has been approximately $4.5m in purchases for the last two months. This equates to around $45,000 in FUM. Not insane but this is theoretically sticky FUM and raised at an assumed low cost (adviser network and word of mouth)
Just interesting to keep an eye on.
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MFG
magellan financial group limited
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$8.44

Ann: Launch of Magellan FuturePay, page-29
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Last
$8.44 |
Change
-0.060(0.71%) |
Mkt cap ! $1.447B |
Open | High | Low | Value | Volume |
$8.54 | $8.54 | $8.39 | $5.037M | 595.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5221 | $8.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.45 | 4641 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18553 | 9.020 |
1 | 913 | 8.950 |
8 | 3380 | 8.930 |
1 | 1400 | 8.920 |
8 | 19165 | 8.850 |
Price($) | Vol. | No. |
---|---|---|
7.580 | 792 | 1 |
7.690 | 37 | 1 |
7.830 | 373 | 1 |
7.910 | 1609 | 4 |
7.990 | 12373 | 6 |
Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
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MFG (ASX) Chart |