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
$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) ? |
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