You read my mind... it was inevitable, yet the market still acts surprised and dumps upon the realisation of what they already knew.
24/7 bad coverage and surprised when investors start pulling their funds.
To Magellan's credit they almost predicted the downfall, by shifting their focus from their open ended funds to closed. Lock that capital up and dine on the fees forever, whilst investors deal with the ~15% discount and imploding manager.
Poor old investors in MGF LIT can't simply redeem at NAV and move on.
I guess it's true... the market is a stupid, irrational beast.
You read my mind... it was inevitable, yet the market still acts...
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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 |
View Market Depth
| Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |