May your money RIP. I have no sympathy for anyone who punts on this one.
- Irreparable performance.
- Losing clients.
- Fee compression.
- No monopolistic/brand strength advantage whatsoever unlike the things Magellan actually invests in (Microsoft, LVMH etc.)
- An "investment bank" that invests in low-margin Mexican restaurants. For god sake. Lettuce and beans won't be paying your dividends.
This is not a company like Nike or Microsoft which have balance sheets and management teams with the foresight to reinvent themselves and target new markets. MFG was a one-trick pony and the pony just got shot by a crossbow between its eyes. Hamish was too slow to move, he should have started the journey of becoming a multi-manager like Pinnacle or BlackRock is a very long time ago.
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Last
$9.22 |
Change
-0.220(2.33%) |
Mkt cap ! $1.666B |
Open | High | Low | Value | Volume |
$9.29 | $9.34 | $9.15 | $6.465M | 699.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2770 | $9.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.26 | 2770 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2770 | 9.190 |
3 | 8251 | 9.180 |
2 | 5182 | 9.170 |
3 | 5758 | 9.160 |
4 | 5117 | 9.150 |
Price($) | Vol. | No. |
---|---|---|
9.260 | 2770 | 1 |
9.270 | 2419 | 2 |
9.280 | 2770 | 1 |
9.290 | 2770 | 1 |
9.310 | 2770 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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MFG (ASX) Chart |