there is no guarantee you will realise the NAV.
alot of LICs have problem trading at a discount.
magellan should have merged MGF with the active ETF MGOC like they did with high conviction to close the discount, but that will create a huge options expense. they are not doing whats in the best interest for unitholders.
the discount itself reflect the fact the money is trapped (permanent capital), the capitalisation of high fees, and prospects of underperforming the index. MGF is buying back stock and even then at 84% reflect the discount people, retail investors, are happy to exit and get out at massive discounts.
Undervalued & technically oversold, page-179
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Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B | |||
| Open | High | Low | Value | Volume |
| $10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2494 | $9.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 45242 | 13 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |