MFG magellan financial group limited

Hi AllThe following article has to be the ultimate sell signal....

  1. 3,150 Posts.
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    Hi All

    The following article has to be the ultimate sell signal. After months of advising shareholders no Institution has questioned performance, now a call for calm....
    https://hotcopper.com.au/data/attachments/3911/3911081-46e8dde49be2aea1d83eaab6f51956ba.jpg

    I thought SJP had $AUD18.6B in FUM invested in Magellan. It is reported as $AUD23.3B of outflow.

    December FUM is expected to be around the $AUD93.1B (current end of November FUM was $AUD116.4113B - $AUD23.3B), plus or minus performance and AUD/USD exchange rate.

    Saying that they can recover after knowing that performance has been sub-par for more than one year, why haven't they turned the ship around already?

    Best of Luck
    Lost
 
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(20min delay)
Last
$10.43
Change
-0.040(0.38%)
Mkt cap ! $1.793B
Open High Low Value Volume
$10.39 $10.47 $10.30 $6.392M 615.3K

Buyers (Bids)

No. Vol. Price($)
1 96 $10.40
 

Sellers (Offers)

Price($) Vol. No.
$10.43 22131 1
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Last trade - 16.15pm 25/07/2025 (20 minute delay) ?
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