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$10.02 magellan financial group limited

exactly enoonmai.Your focus is on the underlying long term logic...

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noomxx

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28/01/22

09:07

Post #: 59179306
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Originally posted by enoonmai: ↑

The shareprice is at a point now where MFG could lose half its FUM and still be reasonably priced. That is, it wouldn’t be sitting on a PE of 15-16.

Claims of MFGs death have been greatly exaggerated. Many fundies have been through terrible underperformance and outflows - BT, Perpetual come to mind.

Eventually market conditions again favour the investment style or new portfolio managers bring their ideas and they turn it around, investors buy into the story (and the returns) and suddenly things look great again.

ETFs will always be an option for investors and have been huge since 15-20 years ago but the more “dumb” money that index funds take in, the greater the opportunity for stock pickers.

anyway, the thread asked about views on the Feb divvy so that’s just what I gave. You raise a good point about future earnings and I guess my view is that I don’t see a fall in FUM greater than 50% so I see some value right now. Maybe not a buy just yet but certainly a hold.

on another note, be interesting to see how the short positions play out when the divvy is paid.

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exactly enoonmai.
Your focus is on the underlying long term logic of holding MFG at these levels.
Not the feb div as a catalyst to buy.

MFG Price at posting: $18.41 Sentiment: None Disclosure: Held
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(20min delay)
Last $10.02		Change 0.070(0.70%)		Mkt cap ! $1.792B

Open	High	Low	Value	Volume
$9.97	$10.19	$9.97	$7.969M	792.0K

Buyers (Bids)

No.	Vol.	Price($)
2	10672	$10.01

Sellers (Offers)

Price($)	Vol.	No.
$10.08	2162	2

View Market Depth

No.	Vol.	Price($)
2	10672	10.010
3	5090	10.000
3	5334	9.990
3	4280	9.980
1	2118	9.970

Price($)	Vol.	No.
10.080	2162	2
10.090	4280	3
10.100	2118	1
10.110	2118	1
10.120	3118	2

Last trade - 16.10pm 30/09/2024 (20 minute delay)

MFG (ASX) Chart