Hi @SP007
It looks like they were earning 0.44% in management fees, you were very close.
The math on an annualised impact:
$684M in revenue
12% drop is $82M, annual revenue to be $602M
Assume 60% net profit margin, $361.2M
Shares on issue of 185M
$1.95 EPS
12% impact of $82M
$82M on $18.6B in FUM = 0.0044
The math assumes that 12% of Magellan staff will be walked out the door prior to Christmas and there will be no increase/decrease in fees or FUM.
Best of Luck
Lost
Hi @SP007It looks like they were earning 0.44% in management...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$8.06 |
Change
-0.350(4.16%) |
Mkt cap ! $1.389B | |||
| Open | High | Low | Value | Volume |
| $8.33 | $8.55 | $7.99 | $6.161M | 753.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 2291 | $8.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.06 | 48 | 1 |
View Market Depth
| Last trade - 13.12pm 23/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |