It's not about 80%, it's actually closer to 100% when get to 10+ years. Here's the data: https://www.spglobal.com/spdji/en/spiva/article/spiva-australia/
Magellan could pivot but Australian businesses are stupid. Why pivot when you can just pay shareholders and yourselves virtually all of those profits that *could* be reinvested as dividends? It's easier to milk the cow till it's dead than find a way to make new ones, because at the end of the day these directors are part of the 1% who will walk away with bazillions while the pitiful, simpleton Magellan shareholders on this forum will work into retirement.
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Last
$9.72 |
Change
-0.090(0.92%) |
Mkt cap ! $1.755B |
Open | High | Low | Value | Volume |
$9.63 | $9.77 | $9.63 | $1.271M | 130.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 1201 | $9.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.73 | 2001 | 36 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 730 | 9.720 |
23 | 2730 | 9.710 |
16 | 4906 | 9.700 |
11 | 5960 | 9.690 |
8 | 6446 | 9.680 |
Price($) | Vol. | No. |
---|---|---|
9.730 | 2438 | 26 |
9.740 | 4125 | 16 |
9.750 | 9106 | 12 |
9.760 | 8283 | 9 |
9.770 | 1733 | 7 |
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