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$8.12 magellan financial group limited

Ann: Funds Under Management - November 2021, page-25

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petertanaka

1,143 Posts.

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06/12/21

21:40

Post #: 58112966
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Originally posted by Joffrey: ↑

I still think 475-500m net profit is realistic. now on a forward multiple of around roughly 12.

Low PE Ratio's are indictive of a decline in future earnings. But what type of decline are we talking here? like loans fund investments can be very sticky. I saw above someone said the div yield is now over 5%, I reckon the forward yield is closer to 7%. Is it reasonable to assume Magellan FUM remains stubborn and at the current price has the capacity to pay over 20% in dividends over the next 3 years based on the current share price.

of course momentum is important. The market will rank a stock higher if its earnings for the next 5 years will be 1,2,3,4,5, relative to a company whose earnings will be in reversal from 5,4,3,2,1, even though from a time value of money perspective the latter is better.

That's why I am positive n Magellan - its capacity to pay out near term dividends. This company accrues its fees daily. So despite the net outflow, its FUM is growing and all that means is near term earnings will be better.

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Magellan has underperformed

market is pricing in underperforming for the years to come

I don’t agree

i think it will have good years and bad years like all fund managers ….

valuation looks good

MFG Price at posting: $31.08 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $8.12		Change -0.020(0.25%)		Mkt cap ! $1.455B

Open	High	Low	Value	Volume
$8.12	$8.17	$7.99	$3.681M	456.7K

Buyers (Bids)

No.	Vol.	Price($)
22	1825	$8.11

Sellers (Offers)

Price($)	Vol.	No.
$8.12	3333	10

View Market Depth

No.	Vol.	Price($)
8	462	8.110
15	3502	8.100
11	5612	8.090
8	10222	8.080
6	1853	8.070

Price($)	Vol.	No.
8.120	3879	11
8.130	10427	12
8.140	5429	11
8.150	5656	7
8.160	10775	7

Last trade - 13.14pm 14/06/2024 (20 minute delay)


Last $8.15			Change -0.020 ( 0.14 %)
Open	High		Low	Volume
$8.14	$8.16		$8.00	73009
Last updated 13.33pm 14/06/2024 ?

MFG (ASX) Chart