Watchlist Wednesday | Magellan Financial Group, Pexa & Endeveor Group | w/ Ben Clark

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Episode #114 of Equity Mates on AusBiz TV
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Magellan trading at a historically low multiple. No upside priced into their ESG and retirement product. No upside is price into capital investments. FUM incredibly strong, retail outflows because they focus solely on investment performance - but equity funds serve a purpose to instos. Large intos are comfortable with Magellan’s risk/return model that is proven to outperform relative to risk over time.

Far too much negativity priced in, a genuine cas flow machine with circa 80% EBIT margins. 1bn in cash + liquid investments

danielo