Australia's largest stock trading and investment forum Australia's #1 stock forum

MFG

Click for more information

2.54%

$9.98 magellan financial group limited

Assuming FIFO method.

First 83 Last

Share
Profile

Follow
ValueSearch

940 Posts.

314

05/01/23

14:37

Post #: 65545856
Share

Originally posted by ValueSearch: ↑

I wish you all the best though am not sure you're being totally transparent here.
Matching this post with your recent post about reducing your average cost from $13 to $12, implies that your position prior to the buy and sell was about 11,500 shares @ $13. You then bought 10,000 @ $8.75 and later sold 10,000 @ $9.90. This would bring your average cost down from $13 to $12. You would also have realized a loss of $31,000 ($3.10 a share). So to make up for that loss you need the SP to go to $15.10 (without any more purchases and sales).

With this approach you are trading a large proportion of your position each time.

Expand

Assuming FIFO method.

MFG Price at posting: $9.84 Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

DRO

Droneshield shares move up on $13.5M US govt contract

OCC

Orthocell wins first international approval for nerve repair product

TMK

TMK Energy kicks off drilling for new pilot wells in Mongolia's vastly underexplored Gobi

WAF

West African Res jumps on claim mine safe under Burkina Faso's junta; HotCopper ponders Russia

There are more pages in this discussion • 104 more messages in this thread...

First 83 Last

Add MFG (ASX) to my watchlist

(20min delay)
Last $9.98		Change -0.260(2.54%)		Mkt cap ! $1.775B

Open	High	Low	Value	Volume
$10.08	$10.15	$9.87	$3.097M	309.4K

Buyers (Bids)

No.	Vol.	Price($)
16	2304	$9.98

Sellers (Offers)

Price($)	Vol.	No.
$9.99	1453	18

View Market Depth

No.	Vol.	Price($)
6	730	9.980
20	4637	9.970
11	2709	9.960
8	2300	9.950
9	3689	9.940

Price($)	Vol.	No.
9.990	1405	16
10.000	4437	16
10.010	4116	9
10.020	3420	7
10.030	2108	7

Last trade - 15.27pm 08/10/2024 (20 minute delay)

MFG (ASX) Chart