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
$9.92 |
Change
0.070(0.71%) |
Mkt cap ! $1.793B |
Open | High | Low | Value | Volume |
$9.81 | $9.96 | $9.74 | $4.954M | 500.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 251 | $9.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.92 | 1304 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 251 | 9.910 |
1 | 5000 | 9.890 |
2 | 2000 | 9.880 |
2 | 2309 | 9.870 |
3 | 8465 | 9.860 |
Price($) | Vol. | No. |
---|---|---|
9.920 | 1304 | 2 |
9.940 | 3414 | 3 |
9.950 | 3655 | 4 |
9.960 | 2276 | 3 |
9.970 | 1125 | 2 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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