I think one of the positives from todays results announcement is as follows:
The Capital Investments aspect of Magellan was always a distraction and took away from growing/expanding the Funds Management business at a higher rate.
I don’t think previous Magellan management fully understood or appreciated what the impact of allocating Capital into businesses/industries where earnings multiples were 30% of what the Funds Management business was.
One step in the right direction.
Best of Luck
Lost
I think one of the positives from todays results announcement is...
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Last
$9.34 |
Change
0.090(0.97%) |
Mkt cap ! $1.688B | |||
| Open | High | Low | Value | Volume |
| $9.34 | $9.35 | $9.21 | $6.400M | 687.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 654 | $9.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.34 | 3023 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |