Australian Financial News from the Australian Stock Market.

  • Share to buy – Magellan Financial (MFG)


    MFG's recent numbers speak for themselves:

    • 41% increase in profit
    • 38% increase in dividend
    • exceptional net inflows and a reduction in employee expense to income

    Technically, after a sharp pullback the stock found support around $20 and has bounced strongly.

    The recent bullish candle was a confirmation candle and a signal that traders should be happy to buy into.


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