Correct, and that's why all fund managers try to lock down...

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cutty

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11/01/23

01:16

Post #: 65626414
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Originally posted by JeanLDD: ↑

Simple and accurate analysis.

One of the things I loved about this company when I first bought it over five years ago was how straight forward the business model was, everything is very much right in front of you. Its sad that people who buy this company, one of the easiest to understand you'll find among mid caps on the ASX still often can't understand the fact that FUM isn't tethered to the company. Even when the company is winning off the leverage-like aspects of inflows it is inherently at the mercy of it being wound down at any moment when things hit the fan. People enter when things look good, but the opposite can just as easily happen on the other end.

People who only ever learnt about P/Es and called it a day before playing investor still can't stop looking at the "value" when they haven't even figured out how the business works.

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Correct, and that's why all fund managers try to lock down capital in closed funds like LICs and LITs.

Magellan tried to lock more capital up when it was dying, but it was too late.

Now those poor investors are sitting in an under performing fund with a 20% discount to NAV.

The joys of active management.

MFG Price at posting: $8.94 Sentiment: None Disclosure: Held
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(20min delay)
Last $8.41		Change 0.000(0.00%)		Mkt cap ! $1.453B

Open	High	Low	Value	Volume
$8.40	$8.44	$8.28	$4.656M	555.6K

Buyers (Bids)

No.	Vol.	Price($)
1	1611	$8.39

Sellers (Offers)

Price($)	Vol.	No.
$8.42	10000	1

View Market Depth

No.	Vol.	Price($)
1	1611	8.390
1	1611	8.380
1	1611	8.370
2	5604	8.360
1	1611	8.350

Price($)	Vol.	No.
8.420	10000	1
8.460	5667	5
8.470	4517	4
8.480	3590	3
8.490	6347	4

Last trade - 16.10pm 18/06/2025 (20 minute delay)

MFG (ASX) Chart

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