MFG 0.59% $8.47 magellan financial group limited

Ann: Sale of shares in Guzman y Gomez, page-20

  1. 1,430 Posts.
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    "1) recent fum report was abysmal - showed a true outflow of ~$7bn net of FX (funny how they dont split it!)"

    That's because the management fees MFG earn are derived from the FUM in AUD terms.

    "2) All that investment for a mere $25m after tax gain from guzmans?!!"

    This equates to an annualised rate of return of 27% pa on GYG...outstanding in the current environment.

 
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