How to buy Magellan High Conviction Trust shares | A$1.55

Magellan High Conviction Trust is a business based in Australia. Magellan High Conviction Trust shares (MHH) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.55 – an increase of 2.31% over the previous week. .

How to buy shares in Magellan High Conviction Trust

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Magellan High Conviction Trust. Find the share by name or ticker symbol: MHH. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magellan High Conviction Trust reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $1.55, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Magellan High Conviction Trust. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted Magellan High Conviction Trust's share price?

Since the stock market crash in March caused by coronavirus, Magellan High Conviction Trust's share price has had significant negative movement.

Its last market close was $1.55, which is 10.66% down on its pre-crash value of $1.735 and 46.23% up on the lowest point reached during the March crash when the shares fell as low as $1.06.

If you had bought $1,000 worth of Magellan High Conviction Trust shares at the start of February 2020, those shares would have been worth $658.61 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $936.56.

Magellan High Conviction Trust share price

Use our graph to track the performance of MHH stocks over time.

Magellan High Conviction Trust shares at a glance

• Key figures

Information last updated 2020-08-19.

Latest market close	AUDA$1.55
52-week range	AUDA$1.13 - AUDA$1.755
50-day moving average	AUDA$1.5062
200-day moving average	AUDA$1.4626
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	N/A

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Magellan High Conviction Trust stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Magellan High Conviction Trust by TradingView

Magellan High Conviction Trust price performance over time

Historical closes compared with the close of A$1.55 on 2020-10-22

1 week (2020-10-21)	0%
1 month (2020-09-29)	5.44%
3 months (2020-07-28)	9.54%
6 months (2020-04-28)	12.73%

1 year (2019-10-28)	-3.13%
2 years (2018-10-25)	N/A
3 years (2017-10-25)	N/A
5 years (2015-10-25)	N/A

Magellan High Conviction Trust financials

Gross profit TTM	$0
Return on assets TTM	0%
Return on equity TTM	0%
Profit margin	0%
Book value	N/A
Market capitalisation	$0

TTM: trailing 12 months

Magellan High Conviction Trust share dividends

We're not expecting Magellan High Conviction Trust to pay a dividend over the next 12 months.

Magellan High Conviction Trust overview

N/A

Frequently asked questions

• What percentage of Magellan High Conviction Trust is owned by insiders or institutions?

  Currently 13.291% of Magellan High Conviction Trust shares are held by insiders and 2.499% by institutions.

• Where is Magellan High Conviction Trust based?

  Magellan High Conviction Trust's address is: Level 36, Sydney, NSW, Australia, 2000