MFG magellan financial group limited

Ann: Video update from Chief Investment Officer and Chairman, page-170

  1. 1,619 Posts.
    lightbulb Created with Sketch. 189
    I'm not "confused" about anything
    MFG hits my value SP on the models I use. So I buy some.
    MFG is a fund manager business that makes money for it's shareholders by being a fund manager.
    But I find out there is also fund manager/broker(s) (most likely?) been increasing short positions in the stock...now >4% of shares on issue
    They have (most likely) borrowed these to short from a big super fund with a much larger pool of stock here in Aus?( than I will ever own)
    So I refuse to participate competing in this situation in a non transparent market which is skewed against me.
    That's why I put the stock on hold.
    Until the MFG BOD sort it out and get rid of these short sellers.
    What is there to be confused about?
    Who in their right mind as a small online trading shareholder would turn up to a market (looking to buy something) when the odds are clearly stacked against you?
    NA/IMO

    Last edited by asxunsullied: 28/12/21
 
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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
Last trade - 16.15pm 25/07/2025 (20 minute delay) ?
MFG (ASX) Chart
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