MFG 0.92% $9.85 magellan financial group limited

Ann: On-Market Share Buy-Back, page-22

  1. 670 Posts.
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    Simple - because:
    • Some advisers collect legacy commissions after having made recommendations a long time ago and those clients trust their adviser (rightly or wrongly), so those advisers don't want to recommend a switch as it would mean losing a lucrative income stream
    • Some investors who invested in Platinum at inception are still enjoying healthy returns and don't want to redeem as it will trigger a substantial CGT event. This is a very fair reason - if you're enjoying good returns by investing at the right time, what does it matter? Hard to complain about 12% annual returns since 1995
    • Some investors received large inheritances via Platinum fund units and probably don't know what to do, so they just keep it
    • Some investors simply couldn't give a toss
    • Some investors believe in Platinum
 
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Last
$9.85
Change
0.090(0.92%)
Mkt cap ! $1.780B
Open High Low Value Volume
$9.87 $9.93 $9.77 $2.846M 288.9K

Buyers (Bids)

No. Vol. Price($)
1 837 $9.84
 

Sellers (Offers)

Price($) Vol. No.
$9.88 1000 1
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Last trade - 16.10pm 29/07/2024 (20 minute delay) ?
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