Skip to Content
scroll

Did you buy Magellan (MFG)?

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

    The Latest Q&A

    Question asked

    Did you buy Magellan (MFG)?

    Good morning MM Team, First I want to tell you, that you are doing a great job. I have only been a member for a short time, but I have already made back the cost of my membership many times. My question is about Magellan (MFG). You have issued a "Trade Alert" for buying around $9.30, on the 12 of April. The price on that day was slightly above that, but in subsequent days it has fallen. Last Wednesday, it was available under $9 at times. However, no further news from you on MFG and the Active Income portfolio does not show it. So, question: Did you buy MFG and if not, then why not? Kind regards, John

    Answer

    Hi John,

    Thanks for the thumbs up John, much appreciated!

    We did indeed by MFG and simply forgot to manually upload it onto our website, thanks for the heads-up, its been done now: Active Income Portfolio.

    As you can see MFG is currently trading like a “High Beta stock” which means it often magnifies the moves of the ASX, e.g. if the ASX  falls 1% it might fall 2%. We remain bullish equities medium term so we are comfortable taking on the Beta risk at this stage noting that we will be quick to cut this if our view changes. We think MFG is starting to turn its performance around, which should help stem FUM outflows, whilst value can also be unlocked through their capital investments.

    chart
    image description
    Magellan Financial Group Ltd (MFG)
    image description

    Relevant suggested news and content from the site

    image description
    Overview
    image description
    Gerrish: The correction is done, we’re positioning for what comes next
    image description
    Friday 9th May – ASX +35pts, MQG, REA, NEC
    image description
    Major Movers Today
    image description
    A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
    image description
    Friday 9th May – Dow up +254pts, SPI up +3pts
    image description
    Stocks This Week – Source Bloomberg
    image description
    Thursday 8th May – ASX +23pts, ANZ, ORI, GDG
    image description
    Sectors This Week – Source Bloomberg
    image description
    Thursday 8th May – Dow up +284pts, SPI up +8pts
    Members only

    UNLOCK MARKET MATTERS NOW

    Take a free trial.

    No payment details required.

    Already a member? Click here to login
    Back to top