re: Ann: Appendix 4E, Annual Report and Finan...
Hi Ferretous, great to see someone else watching MFG, I too am very optimistic about the dividend payment to pull in new investors. A payout ratio of just under 40% makes it sustainable, mind you the massive increase in FUM over the last FY is yet to have its full impact. ?Magellan is also developing its capabilities for domestic and offshore institutional client opportunities. establishing offshore investment vehicles for both the global equities and infrastructure strategies.? This sounds very promising, if they can crack the US and UK markets FUM growth will be very interesting although no short-term benefit as stated. NTA of 0.78 per share/nil debt makes this a sound place for my funds during these times, we are picking up the fast growing funds management business for 0.48c, not as exciting as our junior explorers but a far safer bet.
MFG Price at posting:
$1.26 Sentiment: ST Buy Disclosure: Held
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