The figures are from the balance sheet as reported in Annual Report for 30 June 22. It has the following amount of cash and assets able to be liquidated: 1. $419.922M in cash at bank 2. $374M in holdings in Funds able to be cashed in (although this will be at a reduced price if sold, look to Magellan closing some funds and liquidate at Net Asset Value which will increase this number by 20% or so) - Note 7 3. $162.295M in investments - Note 8
Total$956.217M, however it would not surprise me if this figure is closer to $1B now or roughly$5.40per share.
From the above figure I added what @mickeebee pointed out in previous post about Investment Bank holding value based on Barclays recent investment. I put this in a range of $40M to $110M extra based on this. I don't believe Magellan will get much more than this due to the Investment Bank being a non-core holding and in an Industry that is under significant earnings pressure at the moment.
Best of Luck Lost
MFG Price at posting:
$8.68 Sentiment: None Disclosure: Not Held
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