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."
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Last
$9.50 |
Change
0.430(4.74%) |
Mkt cap ! $1.717B |
Open | High | Low | Value | Volume |
$9.04 | $9.58 | $9.04 | $13.81M | 1.462M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2387 | $9.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.51 | 1694 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 3418 | 9.480 |
1 | 3535 | 9.460 |
1 | 5379 | 9.450 |
2 | 5526 | 9.440 |
1 | 3535 | 9.420 |
Price($) | Vol. | No. |
---|---|---|
9.520 | 4181 | 2 |
9.540 | 2000 | 2 |
9.550 | 12366 | 3 |
9.570 | 6035 | 2 |
9.580 | 3813 | 4 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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MFG (ASX) Chart |