They said a few years ago they were going to increase marketing to bring more in FUM. I have seen no improvement in branding/marketing. The client numbers are going backwards.
The ESG fund was never announced to the ASX until today. Obviously not a regulatory requirement but why not do it to generate interest/marketing?
Last time I looked you also couldn't find it on the website. No reference to it. Its on a separate domain.
If the markets picks up there is no reason MAM won't bring in some nice performance fees. Could it get back to 2022 highs? Maybe but whats the plan going forward. Business needs to grow a lot to justify higher market cap.
Carlos is a good stock picker. Personally I think 15%+ p.a return is what he needs to be doing. He has liquidity and size against him here.
Outside a massive bull market or some corporate action I find it hard to see how he can grow substantially.
MAM pays him a great wage and decent dividend every year. Every so often he gets a nice cheque for performance fees and bigger divy.
Sounds like he is happy to keep trucking along as is.
Ann: FY2024 Appendix 4E and Annual Report, page-5
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Last
53.5¢ |
Change
0.035(7.00%) |
Mkt cap ! $70.99M | |||
| Open | High | Low | Value | Volume |
| 51.3¢ | 53.5¢ | 50.5¢ | $15.05K | 28.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42000 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 8153 | 1 |
View Market Depth
| Last trade - 14.32pm 08/11/2024 (20 minute delay) ? |
| MAM (ASX) Chart |