"A fool and his money soon part ways."
The delusional people here who think that a 10%+ yield is sustainable over the long-term when a business and its profitability are in structural - possibly terminal - decline.
Magellan may have to my and some observers' surprise increased its dividend recently, but at some stage it will not have the cash flow to maintain this type of yield when clients are pulling FUM left, right and centre and faith in the company is non-existent.
"A fool and his money soon part ways."The delusional people here...
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Last
$8.43 |
Change
0.210(2.55%) |
Mkt cap ! $1.523B | |||
| Open | High | Low | Value | Volume |
| $8.23 | $8.45 | $8.20 | $6.423M | 769.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7432 | $8.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.43 | 27807 | 2 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |