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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No skin off my nose, I got out of Magellan at ~$40 after buying...
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Last
$9.78 |
Change
-0.070(0.71%) |
Mkt cap ! $1.780B |
Open | High | Low | Value | Volume |
$9.81 | $9.89 | $9.74 | $422.4K | 43.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 638 | $9.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.79 | 317 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 319 | 9.790 |
5 | 2325 | 9.780 |
5 | 1249 | 9.770 |
5 | 1537 | 9.760 |
6 | 1879 | 9.750 |
Price($) | Vol. | No. |
---|---|---|
9.800 | 210 | 2 |
9.810 | 449 | 6 |
9.820 | 752 | 5 |
9.830 | 1252 | 6 |
9.840 | 1863 | 6 |
Last trade - 10.24am 30/07/2024 (20 minute delay) ? |
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