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The majority of investors out there are so focused on growth tech Saas stocks with recurring revenue that they forget there are companies like MFG that generate recurring revenue too and IMO have higher quality recurring earnings than most Saas stocks out there.
MFG generates 50-60% net margins too. Not many tech companies can do that considering the costs are increasing rapidly (i.e. software developer salaries, marketing acquisition costs, etc.)
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MFG
magellan financial group limited
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0.71%
!
$8.44

Why is this underforming so badly, page-2
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Last
$8.44 |
Change
-0.060(0.71%) |
Mkt cap ! $1.454B |
Open | High | Low | Value | Volume |
$8.54 | $8.54 | $8.39 | $5.037M | 595.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $8.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.45 | 4641 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 8.390 |
1 | 3000 | 8.380 |
1 | 2252 | 8.370 |
1 | 2252 | 8.360 |
1 | 2252 | 8.350 |
Price($) | Vol. | No. |
---|---|---|
8.450 | 4641 | 2 |
8.460 | 2284 | 2 |
8.470 | 2252 | 1 |
8.480 | 2252 | 1 |
8.500 | 2361 | 2 |
Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
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MFG (ASX) Chart |