MFG magellan financial group limited

where the $%#@_ did u get $4.37bn valuation from? it barely cut...

  1. 4,335 Posts.
    lightbulb Created with Sketch. 1218
    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'

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$8.72
Change
0.160(1.87%)
Mkt cap ! $1.502B
Open High Low Value Volume
$8.63 $8.83 $8.61 $5.766M 662.0K

Buyers (Bids)

No. Vol. Price($)
1 2298 $8.70
 

Sellers (Offers)

Price($) Vol. No.
$8.75 3000 1
View Market Depth
Last trade - 16.14pm 01/07/2025 (20 minute delay) ?
MFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.