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$9.81 magellan financial group limited

have you looked at the balance sheet, and what thats worth?and...

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SP007

1,113 Posts.

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21/08/23

22:02

Post #: 69464857
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Originally posted by xFireStorMx: ↑

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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have you looked at the balance sheet, and what thats worth?
and did you take into consideration the reduction in costs next year?

MFG Price at posting: $10.32 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $9.81		Change 0.190(1.98%)		Mkt cap ! $1.773B

Open	High	Low	Value	Volume
$9.61	$9.82	$9.55	$5.448M	559.6K

Buyers (Bids)

No.	Vol.	Price($)
1	875	$9.79

Sellers (Offers)

Price($)	Vol.	No.
$9.82	1469	2

View Market Depth

No.	Vol.	Price($)
2	1822	9.770
4	3894	9.760
2	5825	9.750
2	3344	9.740
1	1526	9.730

Price($)	Vol.	No.
9.820	1000	1
9.830	4401	6
9.840	2522	2
9.850	6479	5
9.860	3633	3

Last trade - 16.10pm 18/07/2024 (20 minute delay)

MFG (ASX) Chart