The previous CEO was lazy and apathetic (perhaps got too comfortable), I could sense it in investor presentations. I think we will see a turnaround. The MGF fund discount is slowly closing, I suspect from the stronger April performance against the index and investors taking a more defensive posture. Investing in the global fund at a 15% discount is quite strong, and even if we factor in it being a closed ended fund, I'd say it probably shouldn't trade at more than a 7.5% discount.
News: MFG Magellan Financial Announces Appointment Of David George As CEO & Managing Director, page-10
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Last
$11.35 |
Change
0.090(0.80%) |
Mkt cap ! $2.013B | |||
| Open | High | Low | Value | Volume |
| $11.32 | $11.35 | $11.28 | $282.8K | 24.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 661 | $11.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.36 | 57 | 3 |
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| Last trade - 10.12am 21/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |