MFG 0.61% $8.19 magellan financial group limited

Ann: On-Market Share Buy-Back, page-27

  1. 264 Posts.
    lightbulb Created with Sketch. 13
    I'm out after a long suffering few years as an MFG shareholder. I drew up a graph of FUM over the last 6 months and it shows no sign of stabilizing. Whilst the buyback may help to put a floor under the share price in the medium turn, I had to ask myselft if I didn't already own MFG, would I be buying today and the answer is a definite no.
    I also note the lack of director buying even at these knock-down prices.
    I also did some research on Brian Benari, head of Barrenjoey, and the first link on google is somewhat concerning.
    It is painful to crystallize a susbstantial capital loss and the share price may well increase from here but I feel a weight off my shoulders no longer being an MFG holder.
    Good luck to holders, hopefully management can turn the ship around soon.
 
watchlist Created with Sketch. Add MFG (ASX) to my watchlist
(20min delay)
Last
$8.19
Change
0.050(0.61%)
Mkt cap ! $1.480B
Open High Low Value Volume
$8.12 $8.19 $7.99 $5.601M 691.6K

Buyers (Bids)

No. Vol. Price($)
1 709 $8.19
 

Sellers (Offers)

Price($) Vol. No.
$8.21 4682 2
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
$8.18
  Change
0.050 ( 0.22 %)
Open High Low Volume
$8.14 $8.18 $8.00 101926
Last updated 15.59pm 14/06/2024 ?
MFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.