does it warrant a 30 p/e for a high single digit growth outlook? The financial/funds management sector typically trade on mid to early teen p/e's.
Also performance fee will be reduced considerably next year. So EPS growth could even go low single digit next year in theory. Dont think it'll go less, as their fixed cost leverage is good i must admit in all conditions.
Ann: Launch of Magellan High Conviction Trust, page-17
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.461B | |||
| Open | High | Low | Value | Volume |
| $8.50 | $8.67 | $8.48 | $3.088M | 361.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1950 | $8.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.59 | 5048 | 2 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |