The UBS target of $35 is based on two major assumptions.
1. Anticipated fund outflows due to ‘under performance’
2. Pressure on fees
I think Magellan fund investors are a lot more ‘sticky’ than that.
There is also no appreciation of the new partnerships (Barrenjoey etc)
On the whole pretty superficial and unimpressive work from UBS - if it drives some further selling - good - I’ll be buying all the way down.
The UBS target of $35 is based on two major assumptions. 1....
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.461B | |||
| Open | High | Low | Value | Volume |
| $8.50 | $8.67 | $8.48 | $3.088M | 361.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1950 | $8.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.59 | 5048 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |