MFG magellan financial group limited

We can now tally up FY23.Retail outflows = $5.6bn (average...

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    We can now tally up FY23.

    Retail outflows = $5.6bn (average retail margin I estimate at 1.22% = $68.32m annualised of lost revenue)
    Institutional outflows = $19.5bn (average Insto margin I estimate at 0.33% = $64.35m annualised of lost revenue).

    The full year tally of reduction in revenue ($132m) basically equates to their annual operating costs (approx $128m). Will be interesting if we see a cost-out plan being announced with the FY23 financial results.

 
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