MFG magellan financial group limited
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market is forward looking, I don’t think the market will care...

  1. noomxx
    8,084 Posts.
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    17/12/21
    18:59
    Post #: 58375861
    market is forward looking, I don’t think the market will care what Fy22 numbers are given this announcement.

    The market will recalibrate into FY23.

    Also funds management business is about scale, whilst this is great on the upside is a whammy on the downside.

    A 10-15% reduction in FUM due to termination of account will result in a drop of more than 10-15% in profit because of reverse scalability.

    My opinion keep the eyes on the road ahead and not on the rear view mirror.


    I am waiting before adding to my small position, no need to rush now
    MFG Price at posting: $29.36 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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