MFG magellan financial group limited

I just started a small position at 21.05. Fundamentally still a...

  1. 15 Posts.
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    I just started a small position at 21.05. Fundamentally still a strong company, no debt, and even if the company doesn't grow its earnings at all, it is trading at 10x FCF multiple, which is a 10% yield.

    Also, the loss of the major UK only client accounts for 12% drop in revenue, 6% drop in earnings. Doesn't justify a 28% drop in share price

    Massive overreaction in my book.
 
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(20min delay)
Last
$10.54
Change
-0.340(3.13%)
Mkt cap ! $1.812B
Open High Low Value Volume
$10.80 $10.84 $10.44 $9.556M 901.1K

Buyers (Bids)

No. Vol. Price($)
1 5000 $10.50
 

Sellers (Offers)

Price($) Vol. No.
$10.56 250 1
View Market Depth
Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
MFG (ASX) Chart
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