IS TELSTRA REALLY A GOOD BUY?

What are your thoughts at current prices ,buying RIO and, with the price for AGL is this a buy or wait and see if management can fix this Co.

I would like to seek your thoughts on MGG/MGF and MGFO.

Feb 2020: Magellan Global Trust (MGG) was trading at around $2. Since inception (2017) to 30 June 2020, its return was 11.39% p.a. and NAV $1.834.
In Dec 2020, there was a “Scheme of Arrangement” which resulted in change of MGG to MGF (Closed Class).

Magellan then offered a 2 for 1 options which traded in early Mar 2021 at 9 cents, today (23Apr2021) at 4 cents. The option expires 01Mar2024.
“The MGF Option gives the option holder the right, but not the obligation, to acquire one (1) Closed Class Unit in the Magellan Global Fund at an exercise price equal to 92.5% of the Estimated NAV per Closed Class Unit at the time of exercise.”

“To exercise an MGF Options and acquire one (1) Closed Class Unit in the Magellan Global Fund, the option holder is required to pay the exercise price. The exercise price is equal to 92.5% of the Estimated NAV per Closed Class Unit…”

The return on investment with initial MGG to the new MGF (with options, MGFO) is much lower than in early 2020.

1. Other than the pandemic, what other factors have caused the MGF to trade significantly lower return on investment?
2. Are investors holding off/awaiting performance of MGF and MGFO?
3. Is MGF essentially a Trust Fund that may be viewed as similar to an LIC?

What are your thoughts on the future performance of MGF?

Thank you.

Hi Paul, I hold some Altura Mining which went into liquidation last year. I rang the liquidators who informed me that they were not involved anymore and the directors had taken over.

What does this mean?
Thanks

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