MFG magellan financial group limited

Hi @AJ7I would hold off until the business shows signs of...

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    Hi @AJ7

    I would hold off until the business shows signs of stability - FUM needs to grow at a rate of approximately 10% or more for a quarter. You might miss a couple of dollars on the upside, but it is better than losing another potential $5-$10 to the downside (no one will know exactly what impact the St James Pl FUM loss will have on business, it could spiral lower from here). I would say give it another 3 months at least before considering to buy.

    If you do buy now, put a 10% stop loss on. It will save you a lot of money.

    Best of Luck
    Lost
 
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(20min delay)
Last
$10.54
Change
-0.340(3.13%)
Mkt cap ! $1.812B
Open High Low Value Volume
$10.80 $10.84 $10.44 $9.556M 901.1K

Buyers (Bids)

No. Vol. Price($)
1 5000 $10.50
 

Sellers (Offers)

Price($) Vol. No.
$10.56 250 1
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Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
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