Not necessarily as bad as FUM figure looks, the key to Magellan FUM is to track retail FUM. Retail FUM loss has stayed constant with another $400M of outflow.
$50B in FUM shows significant loss, but the revenue from Institutional Investors isn’t as significant as retail.
EPS on an annualised basis is heading to under $1 with this number. Demonstrates value trap for those looking to invest at current low PE Ratio.
Best of Luck
Lost
Ann: Funds Under Management - September 2022, page-3
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Last
$8.55 |
Change
0.040(0.47%) |
Mkt cap ! $1.545B | |||
| Open | High | Low | Value | Volume |
| $8.51 | $8.55 | $8.45 | $3.220M | 378.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2671 | $8.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.55 | 14224 | 5 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$8.54 |
Change
0.040 ( 0.51 %) |
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| Open | High | Low | Volume | ||
| $8.53 | $8.54 | $8.45 | 71895 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| MFG (ASX) Chart |