Hah! You had me in stitches. My wife actually came up to ask what I was laughing about. I told her I just bought into falling-knife Magellan, and she wasn't impressed. She urinated on me, and walked off. Not so different to Tassals, to be fair.
Hit me up on Twittter if you're there.
@Chella They're pretty wide valuations, and I think that reflects the range of potential outcomes here. I find it really hard to guage what an appropriate PE ratio for Magellan should be: if it declines, it'll drop to 10-12 probably; if it grows <5%, it may be around 12-15 in normal periods; if it can grow at 5% and meet their 9% target, then 18-20 is reasonable. But I think the argument that based on forecast FY22 PE is ~15 makes it cheap, hmm not sure that washes with me. I like to think of this as one of those Peter Lynch 'stalwarts', and hopefully you're getting a quality business.
Also the current dividend yield is fixed at the time you buy the stock. If the share prices rushes to $40, $50 or more tomorrow.. I still get my 6.4% I locked in today. Hopefully, they grow their dividend. And if they grow that dividend at 3.6% p/a, I'll get my 10% IRR. Again, not a very high hurdle. Though, that's how it always starts with value traps...
- Forums
- ASX - By Stock
- MFG in the BUY zone
Hah! You had me in stitches. My wife actually came up to ask...
-
- There are more pages in this discussion • 1,055 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
$9.25 |
Change
-0.250(2.63%) |
Mkt cap ! $1.671B |
Open | High | Low | Value | Volume |
$9.42 | $9.43 | $9.25 | $6.960M | 746.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 5976 | $9.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.25 | 357 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3558 | 9.240 |
2 | 5647 | 9.230 |
2 | 3299 | 9.220 |
1 | 1000 | 9.210 |
3 | 1990 | 9.200 |
Price($) | Vol. | No. |
---|---|---|
9.270 | 382 | 1 |
9.310 | 3639 | 3 |
9.330 | 1580 | 1 |
9.340 | 1580 | 1 |
9.350 | 1580 | 1 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |