MFG 0.10% $9.86 magellan financial group limited

MFG@$10, page-39

  1. 2,867 Posts.
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    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
    Lost
 
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