MFG magellan financial group limited

Hi stayerI agree that fees are coming under pressure, however...

  1. 44 Posts.
    Hi stayer
    I agree that fees are coming under pressure, however most of the  pressure centers around financial advisers commissions and platform fees with the latter currently  coming down. Their current fee structure and outperformance fees are not impacting on fum flows, and you are right in saying that  the continued outperformance of the fund is the key. Platinum have  charged high fees for many years, and only now they are losing fum due to underperformance. Just on platinum, they are currently trading on a pe of 14 compared to my calcs on mfg of 9. I think the financials on Commsec/etrade regarding pe of nearly 40 does not tell the full story!
    Did you notice the dec fum update, performance fees for the 6 months of $4,800,000, let's add that to the bottom line. I have full confidence in the management, to run a tight ship based on commonsense and to invest clients funds that is forward looking while preserving capital.  
 
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(20min delay)
Last
$10.43
Change
-0.040(0.38%)
Mkt cap ! $1.793B
Open High Low Value Volume
$10.39 $10.47 $10.30 $6.392M 615.3K

Buyers (Bids)

No. Vol. Price($)
1 96 $10.40
 

Sellers (Offers)

Price($) Vol. No.
$10.43 22131 1
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Last trade - 16.15pm 25/07/2025 (20 minute delay) ?
MFG (ASX) Chart
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