MFG magellan financial group limited

What is going on today, page-6

  1. 4,320 Posts.
    lightbulb Created with Sketch. 1217
    where the $%#@_ did u get $4.37bn valuation from? it barely cut its first "profit" this year, ~$8m by my guesstimate ($3m net MFG)....u valuing it at ++500 times P/E? tongue.pngtongue.png

    carrying value is $123m which dropped ~$10m (impairment in 2023 annual report):
    https://hotcopper.com.au/data/attachments/6136/6136502-503507688077155725547bc0c4f82333.jpg
    or valuation, (spoken about at length before), if you use Barclays top up:
    https://hotcopper.com.au/data/attachments/6136/6136507-741bc69662a94e7cfaa35aebcd5742dd.jpg
    8.3% = $75m, so 36% = $325m

    Fair value somewhere in between? If they can prove themselves....? rolleyes.pngconfused.pngrolleyes.png difficult to cashflow project when they're still profit virgins...

    as Pauline would say...

    "PLEASE EXPLAIN" tongue.pngtongue.png

    $4bn! dreamin'

 
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(20min delay)
Last
$8.41
Change
0.080(0.96%)
Mkt cap ! $1.452B
Open High Low Value Volume
$8.31 $8.41 $8.20 $12.67M 1.511M

Buyers (Bids)

No. Vol. Price($)
1 5667 $8.39
 

Sellers (Offers)

Price($) Vol. No.
$8.41 15509 3
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
MFG (ASX) Chart
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