MFG 1.37% $9.63 magellan financial group limited

Valuation still looks convincing, page-107

  1. 1,430 Posts.
    lightbulb Created with Sketch. 150
    Good post.
    I am in exactly the same position as you
    Ok so they totally get rid of HD from the business
    They remove him as a consultant
    They get him out of the media, off the front page...(geeez his ghostly figure is still there with reports of the recent fall in FUM)!
    We Aussie just love cutting down tall poppies.. so would the BOD please stop leaving him out there to feed the chooks?!
    Just get him off the front pages!!!!
    So they cut their fees
    They rebrand
    HD is gone...
    What I want to know as a investor in this stock is, can management and the BOD turn this around?
    And if they can
    What is the underlying business worth?
    I've seem logical figures around the $6 per share range
    Your thoughts?
    Thanks
    NA/IMO
 
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$9.63
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3 2100 $9.58
 

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