May your money RIP. I have no sympathy for anyone who punts on this one.
- Irreparable performance.
- Losing clients.
- Fee compression.
- No monopolistic/brand strength advantage whatsoever unlike the things Magellan actually invests in (Microsoft, LVMH etc.)
- An "investment bank" that invests in low-margin Mexican restaurants. For god sake. Lettuce and beans won't be paying your dividends.
This is not a company like Nike or Microsoft which have balance sheets and management teams with the foresight to reinvent themselves and target new markets. MFG was a one-trick pony and the pony just got shot by a crossbow between its eyes. Hamish was too slow to move, he should have started the journey of becoming a multi-manager like Pinnacle or BlackRock is a very long time ago.
May your money RIP. I have no sympathy for anyone who punts on...
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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 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |