MFG magellan financial group limited

The data for Fund Management fees by Insto Client is all in...

  1. 582 Posts.
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    The data for Fund Management fees by Insto Client is all in their Annual Report...

    https://hotcopper.com.au/data/attachments/3904/3904057-f18d32552af06b7beed4bffee60ffd43.jpg
    Worst case is an 11% Hit to Revenue, I doubt they'd bother halting for anyone outside the top 10, so the Worst is 11%, and otherwise 3.5%-1% (which would be more palatable, but still bad).

    Only did a quick back of the napkin check, but worst case drops NPBT (assuming nil performance fees and Investment gains (GYG,Barrenjoey,Finclear), to 460 MIllion, the better scenarios are around 500 Million.

    Anyway you cut it, it will hurt... I only dived into this month and feel a bit sick seeing I invested based on Hamish seeing they had full backing of the insto clients... but, I also would rather the S&G/Shine crew stay away, as the only winners in class actions are the law firms.

 
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Last
$8.09
Change
-0.320(3.80%)
Mkt cap ! $1.396B
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