I'll note that at some stage late last year that maximum they could buy back was getting pretty low then it jumped up again and as far as I can see there was never an announcement flagging it. Whether it was the rolling over of the 10% in 12 month limit I'm not sure.
Just based on a quick check (if someone can be bothered to check every announcement feel free). On 4 Oct there was 54mil units available to buy back and by 7 Dec there was 121mil available.
I appreciate Volf's analysis above. I regretfully bought both MGF and MGFO all throughout 2021 and hope it's accurate however I just can't see Magellan taking another hit to the share price in the form of a $150m write-down. I think they'll let MGF run until 2024 with a view that either performance turns around and it's happy days or the options run out and it becomes time to wrap up the fund. With FUM sinking, the ~$3bil locked in MGF looks like the last priority for an overhaul at Magellan.
- Forums
- ASX - By Stock
- MGF
- Ann: MGF Fund Update - February 2021
Ann: MGF Fund Update - February 2021, page-315
-
-
- There are more pages in this discussion • 207 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGF (ASX) to my watchlist
|
|||||
Last
$2.21 |
Change
0.000(0.00%) |
Mkt cap ! $3.331B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MGF (ASX) Chart |
Day chart unavailable