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$2.12 magellan global fund.

Ann: MGF Fund Update - February 2021, page-9

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lordsmasher

735 Posts.

52

12/03/21

16:18

Post #: 51727165
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Originally posted by Jaythesail: ↑

Well, the 7.5% is not even a give away, as currently trading at 8.5% discount to NAV.

If there was anyone foolish enough to execute the options or subscribe through dividend reinvestment (both at 7.5% discount to NAV), Magellan could simply by the MGF stock from the market and issue it back, saving 1% in the process.

I was expecting that recent news on US stimulus, and expected USD appreciation, would provide positive lift for the Global Fund.

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Why would the USD appreciate? The AUD is tracking the Nasdaq as they have similar sentiments (risk on).

MGF Price at posting: $1.64 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.12		Change 0.000(0.00%)		Mkt cap ! $3.196B

Open	High	Low	Value	Volume
$2.13	$2.13	$2.12	$5.593M	2.631M

Buyers (Bids)

No.	Vol.	Price($)
6	1360555	$2.12

Sellers (Offers)

Price($)	Vol.	No.
$2.13	846983	7

View Market Depth

No.	Vol.	Price($)
6	1360555	2.120
4	1215000	2.110
2	9510	2.100
1	20000	2.090
1	50000	2.070

Price($)	Vol.	No.
2.130	846983	7
2.140	334996	6
2.150	367485	9
2.160	248605	8
2.170	56830	7

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last $2.12			Change 0.000 ( 0.24 %)
Open	High		Low	Volume
$2.13	$2.13		$2.12	241582
Last updated 15.36pm 29/04/2024 ?

MGF (ASX) Chart