Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe in 2004 (20 years)
AUM (Asset under management), FUM (Fund under management) has dropped significantly. However, interestingly the company has maintained profitable business model (recent Earning down to 182.66m, still 42.4% profit margin) with only 115 employees, has no debt and excellent financial health, stable equity & stable dividend (payout ratio 82.5%).
It will not be surprised to see no grow in revenue/ earning in next a couple years & regain (lost fund). What investment strategies should they use next?
22/02/2024
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I might need to think again about future of this stock.
It seem there re no attractive companies on ASX.
Sat 27 Jan 10:53 am
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CENTURIA CAPITAL GROUP (ASX: CNI)
This stock is promising, & can be alternative option, why not?
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I have a feeling of misjudgement in these 2 stock. There is indeed no attractive companies on ASX for long term holding. (except my most favourite: ANZ) I have better just focus on VNindex.
I was looking at MFG as well. They've made the business lean and have cash in hand. There are too many question marks on how they translate that to future profitability though. Great TA - thanks for the insights
I am an Aussie but have 100% of my shares in US stocks. So much better returns. I keep an eye on the ASX but you quickly realise how small a market it is.
MIchaelTran
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@zAngus, hi, how your trading s going ? I totally agree, however you need to be extra careful on US stock, if you re picking individual stocks not ETF. For the ASX, I'm not sure about holding any long term dividend stock, most large cap re mining/ energy Groups and Banking. Aging population & slow population grow, aging infrastructure, housing problem and lack of actual high skilled employee will slow down the Aus economy in next 5-10 years. That will consume a lot of Gov spending.