How to buy MG Unit Trust shares

MG Unit Trust is an asset management business based in Australia. MG Unit Trust shares (MGC) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. MG Unit Trust has a trailing 12-month revenue of around $34.7 million.

How to buy shares in MG Unit 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 MG Unit Trust. Find the share by name or ticker symbol: MGC. 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 MG Unit 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 $N/A, 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 MG Unit 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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MG Unit Trust share price

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

MG Unit Trust shares at a glance

• Key figures

Information last updated 2020-08-03.

52-week range	AUDA$0.395 - AUDA$0.45
50-day moving average	AUDA$0.4343
200-day moving average	AUDA$0.4356
Target price	AUDA$0.53
PE ratio	2.197
Dividend yield	AUDA$0.08 (9.78%)
Earnings per share (TTM)	AUDA$0.198

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 MG Unit 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 MG Unit Trust by TradingView

Is MG Unit Trust under- or over-valued?

Valuing MG Unit Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of MG Unit Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

MG Unit Trust's P/E ratio

MG Unit Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 2x. In other words, MG Unit Trust shares trade at around 2x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

MG Unit Trust financials

Revenue TTM	$34.7 million
Operating margin TTM	100%
Gross profit TTM	$26 million
Return on assets TTM	27.78%
Return on equity TTM	0%
Profit margin	0%
Book value	0.44
Market capitalisation	$93.3 million

TTM: trailing 12 months

MG Unit Trust share dividends

We're not expecting MG Unit Trust to pay a dividend over the next 12 months.

MG Unit Trust share price volatility

Over the last 12 months, MG Unit Trust's shares have ranged in value from as little as $0.395 up to $0.45. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while MG Unit Trust's is 0.2365. This would suggest that MG Unit Trust's shares are less volatile than average (for this exchange).

MG Unit Trust overview

MG Unit Trust operates as a special purpose funding vehicle in Australia. It holds interest in subordinated notes and convertible preference shares issued by Murray Goulburn Co-operative Co. Limited. The company was founded in 2015 and is based in Southbank, Australia. MG Unit Trust is a subsidiary of Murray Goulburn Co-Operative Co. Limited.

Frequently asked questions

• What percentage of MG Unit Trust is owned by insiders?

  Currently 58.433% of MG Unit Trust shares are held by insiders.

• When does the fiscal year end for MG Unit Trust?

  MG Unit Trust's fiscal year ends in June.

• Where is MG Unit Trust based?

  MG Unit Trust's address is: Freshwater Place, Southbank, VIC, Australia, 3006

• What is MG Unit Trust's ISIN number?

  MG Unit Trust's international securities identification number is: AU000000MGC1