Hi @thebarry111 I don't think the MFG shares were part of the incentive to move to Barrenjoey. They were provided as part of the initial funding provided by Magellan and Barclays. How Barrenjoey deals with them internally is their business, and how they hold onto their staff is also their business and I don't think the value of Magellan shares comes into it.
Barrenjoey was also reported to sell down 300,000 shares for $44m in June.
Barrenjoey cashes out of Magellan Financial with $44m selldown (theaustralian.com.au)
All IMHO. DYOR.
Ann: Funds Under Management - December 2021, page-29
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Last
$9.54 |
Change
0.100(1.06%) |
Mkt cap ! $1.729B | |||
| Open | High | Low | Value | Volume |
| $9.55 | $9.60 | $9.50 | $1.652M | 172.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 806 | $9.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.54 | 557 | 12 |
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| MFG (ASX) Chart |