As clearly stated in my first post, the 14x multiple assumes they continue to generate $76 million net profit per half. In reality, they won't earn $152 net profit over the next 12 months - therefore the profit will likely be lower and thus the multiple higher than what I have estimated. I'm happy to explain it further for you champ though I suggest you school yourself in some basic economics & investment fundamentals before you blow yourself up.
Rather than discuss my figures - I would be absolutely fascinated for you to put forward a rationale argument as to why Magellan is worth the current market price?
The rationale cannot include that it's a good company, a cash-flow monster or any other verbal diarrhoea. I'm asking you to explain in numbers why a company with declining profitability to the extend that MFG is experiencing, is worth a premium to other fund managers who are growing their profit.
I suspect a large anchoring bias is at play.
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Last
$8.45 |
Change
0.110(1.32%) |
Mkt cap ! $1.527B |
Open | High | Low | Value | Volume |
$8.51 | $8.60 | $8.37 | $6.591M | 779.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 324 | $8.45 |
Sellers (Offers)
Price($) | Vol. | No. |
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$8.46 | 3717 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 324 | 8.450 |
1 | 1676 | 8.440 |
3 | 4675 | 8.420 |
2 | 1822 | 8.400 |
1 | 1585 | 8.390 |
Price($) | Vol. | No. |
---|---|---|
8.470 | 2613 | 1 |
8.480 | 1585 | 1 |
8.490 | 1585 | 1 |
8.500 | 1585 | 1 |
8.510 | 1902 | 2 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$8.45 |
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Change
0.110 ( 1.10 %) |
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Open | High | Low | Volume | ||
$8.50 | $8.60 | $8.37 | 238839 | ||
Last updated 15.59pm 06/06/2024 ? |
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