Magellan's latest investor letter for MGF basically flags they will up the buy-back further the close the discount. They state they will continue to increase the daily purchases whilst it is considered NAV accreditive - which it will be as long as any discount remains.
Given the public battle with Nick Bolton this is not suprising. It's now possible that Magellan's own buyback will close the discount further bringing MGFO in the money. Interesting times to own MGFO but still a punt (no advice given).
Magellan's latest investor letter for MGF basically flags they...
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Last
$2.15 |
Change
-0.010(0.46%) |
Mkt cap ! $3.241B | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.16 | $2.15 | $1.590M | 738.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 264729 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 626405 | 15 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$2.16 |
Change
-0.010 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $2.16 | $2.16 | $2.15 | 39425 | ||
| Last updated 15.26pm 31/05/2024 ? | |||||
| MGF (ASX) Chart |