I look forward to you tagging me, if your theory ever comes to fruition.
I'll remain Magellan's ultimate down-ramper, because:
- Magellan has no tangible business turnaround strategy
- Magellan has negligible growth optionality (Barrenjoey is too small, and won't become a Macquarie tomorrow)
- Investors are gambling on its funds outperforming so that flows return, which is pretty much a "coin toss" guess
- ETFs are disrupting active management, and more and more investors (like me) are asking: "Why should I pay an active manager 1%, when I can do it alone or pay 10 bps to an ETF?"
- Magellan's reputation remains in tatters, and the mandates won't be coming back
GLHF - you'll very seriously need it.
I look forward to you tagging me, if your theory ever comes to...
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Last
$8.48 |
Change
0.060(0.71%) |
Mkt cap ! $1.532B | |||
| Open | High | Low | Value | Volume |
| $8.42 | $8.50 | $8.41 | $2.213M | 261.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2525 | $8.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.48 | 2185 | 1 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |