Be interesting to see what is in the capial management update due to be released in Feb 2025.
Strategic Capital & Stability Buffer has protected the business from recent challenges Over time, anticipate a lower level of Stability Buffer will be required, as the business becomes more resilient and impacts of initiatives such as the Magellan Global Fund conversion dissipate Continue to have a strong dividend policy and recently extended buyback to April 2025― ~7 million shares bought back since inception, with ~2 million bought back in August and September 2024― ~3 million share remaining under buyback as at 30 September Board approved increase in seed funding for the Airlie Small Companies Fund to $20m reflecting heighted investor interest following successful October roadshow
Board continues to assess strategic growth opportunities, balanced with active review of capital management― Intend to update shareholders in February 2025
MFG Price at posting:
$9.82 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)