MFG magellan financial group limited

@lostdifficult to believe H2 would be better than H1 (given they...

  1. 4,310 Posts.
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    @lost
    difficult to believe H2 would be better than H1 (given they started with FUM >$61bn). H2 starts with $45bn FUM...and drops to $39m by close...I have top line revenue for H2 ~$20m less than H1 (at about ~$180m total revenue vs $208m) and if expenses flat, then NPAT for H2 at ~$63m. If you factor for the leeched $11m perf fee, ~$74m NPAT and 40c eps...? if that pans out, max div of 35c (payout ratio 90-95%)very rough guesstimates, high level assumptions...dyor imo etc

    with u on costs - i did mention "time to cull" in an earlier post! heads need to roll....or via "natural attrition"
    Last edited by mickeebee: 12/07/23
 
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$8.41
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