Scant on details, but low cost way to add a superior way to provide super. No reaction. While HUB is the darling of the moment, given its inflow levels, The MC comparison with MGP makes it hard to favour HUB at these valuations. MGP looks the forgotten managed account provider, its keeping low profile, but its taking in reasonable flows of the higher margin managed account business, clearly there has been some sort of overhang of stock bearing down on the share price from 40c, almost certainly as ex Linear people jostle to exit. There will be significant synergies arising, I think this has to be my lower risk play for 2018/2019 but its getting hard to pick up stock - turnover has died away it seems.
MGP Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
