MFG 0.93% $9.73 magellan financial group limited

Ann: On-Market Share Buy-Back, page-22

  1. 670 Posts.
    lightbulb Created with Sketch. 186
    Simple - because:
    • Some advisers collect legacy commissions after having made recommendations a long time ago and those clients trust their adviser (rightly or wrongly), so those advisers don't want to recommend a switch as it would mean losing a lucrative income stream
    • Some investors who invested in Platinum at inception are still enjoying healthy returns and don't want to redeem as it will trigger a substantial CGT event. This is a very fair reason - if you're enjoying good returns by investing at the right time, what does it matter? Hard to complain about 12% annual returns since 1995
    • Some investors received large inheritances via Platinum fund units and probably don't know what to do, so they just keep it
    • Some investors simply couldn't give a toss
    • Some investors believe in Platinum
 
watchlist Created with Sketch. Add MFG (ASX) to my watchlist
(20min delay)
Last
$9.73
Change
0.090(0.93%)
Mkt cap ! $1.758B
Open High Low Value Volume
$9.52 $9.81 $9.44 $7.036M 726.7K

Buyers (Bids)

No. Vol. Price($)
1 1479 $9.72
 

Sellers (Offers)

Price($) Vol. No.
$9.73 12212 1
View Market Depth
Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
MFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.