ken, this post shows a misunderstanding of how to value magellan. you anchor the valuation to FUM, but thats not how market works. it is forward looking. in 2018 and 2019 the flows were coming in, FUM was growing, performance and fees high. the outlook now has completely flipped on its head, and so you see the difference in valuation compared to FUM. instead of anchoring to magellans rosy history, maybe look at some other funds that have been in similar position and how they traded at the time. maybe then, the current predicament will not seem so 'bizarre'.
ken, this post shows a misunderstanding of how to value...
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Last
$9.81 |
Change
0.190(1.98%) |
Mkt cap ! $1.773B | |||
| Open | High | Low | Value | Volume |
| $9.61 | $9.82 | $9.55 | $5.448M | 559.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 875 | $9.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.82 | 1469 | 2 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |