MFG 2.78% $10.73 magellan financial group limited

I have done some analysis of flows of MGOC (Magellan global open...

  1. 307 Posts.
    lightbulb Created with Sketch. 242
    I have done some analysis of flows of MGOC (Magellan global open class) because they report flows monthly.

    jan -12m
    feb -91m
    mar -89m
    april -18m
    may -82m
    june -55m
    july -42m
    august -178m
    september -168m
    October -129m
    November -198m


    As a side note, is anyone suspicious that they changed from reporting flows from monthly to quarterly at the same time magellan has gone from inflows to outflows ? Just me?

    This and the way they handled the CEO exit (Not even waiting to line-up a new CEO and just putting personal reasons as the excuse, did brett see the writing on the wall in terms of cutting fees?) has prompted me to reduce my holding.

    They wouldn't cut fees if flows have slowed down, reading between the lines it was worsened.

    I continue to hold a position in Magellan but it has been significantly reduced for these reasons, If they can turn the ship around, ill be the first back on board.

    I wish other holders the best of luck.

    Plague.

    Last edited by Plague: Spelling. 09/12/21
 
watchlist Created with Sketch. Add MFG (ASX) to my watchlist
(20min delay)
Last
$10.73
Change
0.290(2.78%)
Mkt cap ! $1.939B
Open High Low Value Volume
$10.53 $10.96 $10.51 $17.49M 1.633M

Buyers (Bids)

No. Vol. Price($)
2 2000 $10.71
 

Sellers (Offers)

Price($) Vol. No.
$10.73 1667 1
View Market Depth
Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
MFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.