MFG 0.47% $8.59 magellan financial group limited

Ann: Appendix 4D and 2024 Interim Results, page-18

  1. 3,618 Posts.
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    na dude, theyve almost bought them all back....

    good ol take a hit when P&L was strong (2021) then buy them back ~3-4years later and unwind the P&L hit you took when times were good....

    creative (deferring) gains to when needed most.....

    not much left to unwind either, until they pull another creative rabbit to save the P&L....

    mfg will ONLY be at play IF the FUM (esp RETAIL FUM) haemorrhage stops. If not.....buyer beware.

    should drop -30c+ tomorrow....was it worth the partially franked div (further cash splash - $53m wasted)?? rolleyes.png
 
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