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$1.78 magellan high conviction trust

I'm a big fan of Magellan, but you're going to be...

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Dewy90

208 Posts.

3

23/10/19

22:13

Post #: 41040359
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Originally posted by Pomodoro: ↑

I think the bonus share allocation has happened at the IPO. Buyers now are expecting pure growth and income. It is nice to see the price heading in the right direction. If you take the history of similar funds they kind of triple in value 3-5 years post IPO. That is what i am looking for. This has a lot of potential given that it is in the US market

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I'm a big fan of Magellan, but you're going to be disappointed if your expecting the price to triple in the next 3-5 years.

I see this trading at similar premiums/discounts to NTA as MGG does over the long term.

MHH Price at posting: $1.57 Sentiment: Hold Disclosure: Not Held
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