MFG magellan financial group limited

0.38%

$10.43

Ann: Video update from Chief Investment Officer and Chairman, page-93

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SallySet

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23/12/21

22:53

Post #: 58496828
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Originally posted by pastperformer: ↑

Full disclosure.

I sit on an investment comittee and I'm one of a few people who are responsible for making investment allocation decisons. Magellen funds were very much on the short list 12 months, they are no longer. I haven't allocated to them in over 12 months.

I can summarise my and (our views). Magellen are too concerned with whats happening in the world and not concerned enough with whats a good investment holding macro factors constant.

I watched the recent video, and it was actually quite good, up until he started talking about Iran and oil prices. I thought, "who the phuck cares?" it's franky irrelevant what could happen in every corner of the world, you cant and never will be able to control for macro factors.And assigning % probabilites is completely arbitary and an overestimation of ones ability.

Ask yourself, would Peter Lynch or even Warren Buffet have made the same predictions? Absolutely not, it's an excuse. If you sit in a lab and look at different coranviurs strains all day, all you will ever think about is coronavirus. Hamish is far far too distracted. He is a hammer and everyting looks like a nail.

Unfortunately this is all relevant to MFG and its share price. What attracted me to MFG was the IB vision, some PE investments, Investment banking and the funds mangement. Unfortunately, as has be pointed out the IB part of the business depends on options, and the MFG shares are under a huge cloud right now. These guys were the best of the best and brought across a huge number of high quality insto clients. I know Insto's that absolutely swear by them. However, if hamish can't turn the funds management business around the team will leave.

There is a lot on the line right now, we are at an inflection point. The next 12 months will make of break MFG. The odds are honestly against Hamish, I'm not sure if they can turn the ship.

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Great summary.

Performance has lagged, no question. And that's a problem when carrying the "midas touch" tag.

I'm surprised you are not more upbeat about the Magellan "ecosystem".

Some great talent involved. The impetus to produce some positive surprises is there.

Everyone is after alpha and this slight contrarian take on markets - which Hamish obviously believes in - has hurt him.

MFG Price at posting: $20.96 Sentiment: None Disclosure: Held
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(20min delay)
Last $10.43		Change -0.040(0.38%)		Mkt cap ! $1.793B

Open	High	Low	Value	Volume
$10.39	$10.47	$10.30	$6.392M	615.3K

Buyers (Bids)

No.	Vol.	Price($)
1	96	$10.40

Sellers (Offers)

Price($)	Vol.	No.
$10.43	22131	1

View Market Depth

No.	Vol.	Price($)
1	96	10.400
2	2343	10.290
2	2000	10.260
2	175	10.200
1	2371	10.120

Price($)	Vol.	No.
10.430	22131	1
10.500	7052	4
10.530	2200	2
10.550	1322	4
10.560	189	2

Last trade - 16.15pm 25/07/2025 (20 minute delay)

MFG (ASX) Chart

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