MFG 2.55% $8.43 magellan financial group limited

Ann: Appendix 4D and 2023 Interim Results, page-2

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    Expense/Revenue ratio is rapidly increasing (16.8% to 34.2%) as MFG are not cutting expenses as FUM decreases. MFG forecast similar expenses in 2023, so expect the dividend to halve again. Short weakness in SP is very likely.
    Last edited by ValueSearch: 18/02/23
 
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