MFG magellan financial group limited

Ann: St James's Place Mandate, page-27

  1. 355 Posts.
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    You're reading it very wrong - it is not "12% of revenue and 6% of profit" (that is actually illogical in a business like this). Refer my earlier post where I clarify that it is (as per the wording in the announcement):

    12% impact on a full years revenue (not earnings), and

    6% impact on current years revenue (not earnings) due to zero impact on the first half to 12/21.

    Impact on earnings will be amplified beyond 12%pa if they can't strip out a lot of costs.





 
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