MFG magellan financial group limited

Ann: Funds Under Management and Performance Fee Update - Dec 2023, page-8

  1. 4,343 Posts.
    lightbulb Created with Sketch. 1221
    fyi: actual H2 FY23 (most recent) expense base:

    https://hotcopper.com.au/data/attachments/5863/5863837-b7fc416a3cff14f24468853dfc91dba3.jpg



    almost $90m in expense costs for the MOST recent half! Doubt this will drop to $50m as you allude.....that would be a $40m turnaround half on half.

    the only leg room is the expenses related to strategic initiatives which may provide relief of $10-15m...



 
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