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1.51%

$10.76 magellan financial group limited

Ann: Final Results for the year ended 30 June 2023, page-38

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PorkandBeans

490 Posts.

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19/08/23

10:42

Post #: 69431619
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Originally posted by xFireStorMx: ↑

Andrix, which of their investment funds are operating in the top quartile? Hi Heedless,

Magellan is a good company despite their recent difficulties. It's not the Magellan business that is surprising or bizarre - it is the price that investors are willing to pay for it, which is the most critical decision as an investor.

Paying a 14x multiple of profit on a business that is likely to experience a further sizeable profit next year is strange - when you consider it in the broader context. For example, GQG trades on a lower PE ratio (approx. 12) despite growing FUM & profitability - does it not strike you as strange that MFG trades on a 14x multiple when FUM is still walking out the door (albeit at a slower rate)?

Magellan is all of the things that you said - it's highly likely they will remain profitable and for the right price I'd be happy to buy in.

It will be very interesting to see if this rally has any legs - I dare say that when the dust settles the share price will be back around the $8 mark by EOY. However I'm known to be wrong at least 50% of the time!

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How do you get a 14x multiple? Eps was $1

MFG Price at posting: $10.42 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $10.76		Change 0.160(1.51%)		Mkt cap ! $1.924B

Open	High	Low	Value	Volume
$10.55	$10.85	$10.40	$10.37M	968.4K

Buyers (Bids)

No.	Vol.	Price($)
2	2160	$10.75

Sellers (Offers)

Price($)	Vol.	No.
$10.78	29158	3

View Market Depth

No.	Vol.	Price($)
2	2160	10.750
3	4036	10.740
3	11086	10.730
1	1560	10.720
1	1928	10.710

Price($)	Vol.	No.
10.780	29158	3
10.790	3842	2
10.800	642	1
10.820	2108	2
10.840	3928	2

Last trade - 16.10pm 31/10/2024 (20 minute delay)

MFG (ASX) Chart