No skin off my nose, I got out of Magellan at ~$40 after buying it at $30. Yeah sucks to miss a 10% bounce like today but I'm not a short-term trader.
The fact these guys want to increase capital returns off of an unsustainable or declining business model should worry shareholders. Today's price reaction is just a sugar hit from investors who can't see past tomorrow and want to grab hold of a 6% yield and franking credits and celebrate like they're heroes.
I don't care for 6% or 60%, I want 600% returns over a 10-15 year period and I don't think Magellan can deliver that unless they generate substantial alpha and win back even bigger clients.
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Last
$9.15 |
Change
-0.075(0.81%) |
Mkt cap ! $1.653B |
Open | High | Low | Value | Volume |
$9.20 | $9.22 | $9.10 | $1.078M | 117.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 354 | $9.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.15 | 705 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 169 | 9.140 |
10 | 906 | 9.130 |
12 | 2385 | 9.120 |
11 | 5126 | 9.110 |
11 | 22847 | 9.100 |
Price($) | Vol. | No. |
---|---|---|
9.150 | 803 | 7 |
9.160 | 1658 | 11 |
9.170 | 3298 | 11 |
9.180 | 3049 | 10 |
9.190 | 1827 | 7 |
Last trade - 11.26am 05/09/2024 (20 minute delay) ? |
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