Hi @pete11
The next FUM announcement will definitely be a fall, question is by how much. Business can't stem losses of $20+B per month without drastic business change in a month - buyback alone won't cut it.
Magellan board should also be cutting Management Fees to incur the same loss as buyback ($180M). This is the only path to freeze FUM losses.
Best of Luck
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Last
$9.85 |
Change
0.090(0.92%) |
Mkt cap ! $1.780B | |||
| Open | High | Low | Value | Volume |
| $9.87 | $9.93 | $9.77 | $2.846M | 288.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 837 | $9.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.88 | 1000 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |