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$8.66 magellan financial group limited

Missing is MFG's 2021 massive investments in China High Tech...

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usc75

7,026 Posts.

181

10/02/22

09:05

Post #: 59474076
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Originally posted by Nightmarez3k: ↑

The Age has an article today. That the staff/employees have loan agreements for their shares in the company.

The issue is whether thses will experience a margin call. Who pays for this the employee or the company...shareholders.

So will the thing keep falling like house of cards.

Still too many issues....why can't the management buy shares with cash instead of leveraged loans.

I expect the dividend might be cut to have a buyback to prop the shareprice from further falls. To project the management staff and shareholders.

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Missing is MFG's 2021 massive investments in China High Tech stocks, the SP of many of which have crashed.

What blatantly financially irresponsible and reckless MFG policies using shareholder funds!

Summary: disastrous all round!

MFG Price at posting: $18.59 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $8.66		Change 0.110(1.29%)		Mkt cap ! $1.565B

Open	High	Low	Value	Volume
$8.55	$8.66	$8.52	$3.694M	429.6K

Buyers (Bids)

No.	Vol.	Price($)
1	934	$8.65

Sellers (Offers)

Price($)	Vol.	No.
$8.66	6808	6

View Market Depth

No.	Vol.	Price($)
1	1165	8.630
1	3261	8.600
4	5636	8.590
1	1179	8.580
1	1179	8.570

Price($)	Vol.	No.
8.660	6257	5
8.670	12409	5
8.680	3529	2
8.690	7229	3
8.700	1065	2

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $8.63			Change 0.110 ( 1.29 %)
Open	High		Low	Volume
$8.56	$8.65		$8.53	89715
Last updated 15.59pm 21/05/2024 ?

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