Morningstar email this morning:
"Magellan Financial Group Ltd (ASX:MFG) ★ ★ ★ ★ ★
Another share that has been on a roller coaster ride is Magellan. In this case investors regained faith in the investment manager after a period of punishment off the back of losing large clients and even larger personnel. Although the market rewarded Magellan handsomely for their results, our analysts lowered its fair value from $34.50 to $33 after net outflow and cost forecasts. We assume net outflows of AUD 64 billion from fiscal 2022 -26, and fee compression. Although Magellan has said that they will not lower fees, we expect that it will have to. This fee compression teamed with a smaller base of assets resulted in the lowering of the stock’s fair value to reflect this outlook. Compared to the current price we still see the share as undervalued."
- Forums
- ASX - By Stock
- MFG
- MFG in the BUY zone
MFG in the BUY zone, page-1223
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MFG (ASX) to my watchlist
|
|||||
Last
$9.53 |
Change
0.380(4.15%) |
Mkt cap ! $1.722B |
Open | High | Low | Value | Volume |
$9.26 | $9.56 | $9.21 | $10.52M | 1.113M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $9.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.55 | 4895 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 9.480 |
3 | 2835 | 9.300 |
1 | 1499 | 9.290 |
1 | 140 | 9.250 |
4 | 131 | 9.150 |
Price($) | Vol. | No. |
---|---|---|
9.560 | 313 | 1 |
9.600 | 2016 | 1 |
9.620 | 104 | 1 |
9.690 | 109 | 1 |
9.740 | 6000 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online