Magellan Financial Group Limited

ASX:MFG

Magellan Financial Group Limited

ASX:MFG
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$8.69 (-5.1%)
Last close price
#167
Rank
11
Held by
30
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TycoonTerry
Company Report
Last edited one year ago
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#39
Performance (39m)
-4.1% pa
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#Hamish Douglass selling
stale
TycoonTerry
Added one year ago
View author's company report

Not sure if this one has been posted yet, but the founder selling a block at a discount to NAV. Where to even start with this one.

https://www.afr.com/street-talk/hamish-douglass-sells-118-3m-magellan-financial-stake-20221107-p5bw82?utm_medium=social&utm_campaign=nc&utm_source=Facebook&fbclid=IwAR2cXkRb0e1SHdyycboXg2TCOyk8IBobN0NgmTf0Rka7hzzIjU0ylISrpaM#Echobox=1667808496

#Management
stale
TycoonTerry
Added 2 years ago
View author's company report

CEO just resigned for “personal reasons”. There is an announcement and within 2 hours an AFR article.


Whilst I hope there isn’t more to it I really can’t help but think there is something more going on (such as a long period of underperformance in Magellan global, which I hold IRL ?????????)


Cant decide whether I should sell out or is now a great time to have an experienced equities manager with a far better track record than I will ever boast?