Australian (ASX) Stock Market Forum

BNB gone, Macquarie next?

Accept your comments.

I am still concerned that insiders may be selling out.

This uptrend would be more convincing if the volume were not falling as the price rises.

Perhaps ARG and the other big players have called it a day, or the MQG people have figured they have squeezed the apple dry.

gg

Seriously though all you nun fetishists it would not take too many associated funds to push this little gerkin up today, and sell into the expected rise tomorrow.

gg
 
Seriously though all you nun fetishists it would not take too many associated funds to push this little gerkin up today, and sell into the expected rise tomorrow.

gg

dunno what nuns have got to do with the price of eggs but do know that this low volume push lately on MQG aint no confidence signal
 
G’Day Everyone,

A few of you have mentioned that the bounce in MQG has been accompanied by low volumes but is this a natural occurrence during the depths of a bear market? i.e. many players got burnt picking up stocks on the way up and around the top, then as the party ended volumes started increasing on the way down as pain thresholds were being breached .

Now we have a situation where many of the participants that contributed to the volumes licking their wounds vowing to never return and the stayers picking up the pieces, naturally this is reflected in lower volumes all round.

I’ve only got iress which just shows volume traded and not value but am I correct in assuming this.
 
What's the lastest theory on MQG Guys,

Share price has smashed through $20 on increasing volumes.

Anyone?
 
um . Go MQG for holders ?


Hi Nun,

Sorry I hope I haven’t come across as ramping MQG,

I have actually formed the view that the recent rise in this stock has been overdone, so much so that today I have gone against my sensibilities and put on a synthetic split strike short :eek:( Apr Expiry 19/21), my brain was saying no but my heart made me click the mouse. If i don't get a favourable move tommorrow, i'm out of there.
 
Hi Nun,

Sorry I hope I haven’t come across as ramping MQG,

I have actually formed the view that the recent rise in this stock has been overdone, so much so that today I have gone against my sensibilities and put on a synthetic split strike short :eek:( Apr Expiry 19/21), my brain was saying no but my heart made me click the mouse. If i don't get a favourable move tommorrow, i'm out of there.

i actually have no opinion on MQG other than what i posted re vols and the rise m8 ..... actually got a few friends in chat currently trading it from around the lows and happy they were braver than me ..... happy for holders but my previous statement re the vols still stands .... not for me but happy others making a nice quid out of it

i do however admire your stategy in hedging your position both ways there (i may not understand the option type but understand the concept), well done
 
i actually have no opinion on MQG other than what i posted re vols and the rise m8 ..... actually got a few friends in chat currently trading it from around the lows and happy they were braver than me ..... happy for holders but my previous statement re the vols still stands .... not for me but happy others making a nice quid out of it

i do however admire your stategy in hedging your position both ways there (i may not understand the option type but understand the concept), well done

Next week will be crucial for MQG. It tracks the DOW pretty much and if that sinks then there goes MQG.

gg
 
Couldn't resist one more post in this thread. MQG up to $27, and extra billion in its pockets from the MCG sale. Not such a BNB after all
 
Couldn't resist one more post in this thread. MQG up to $27, and extra billion in its pockets from the MCG sale. Not such a BNB after all

Hm not bad

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 653.5 313.8 365.4 460.1
DPS 345.0 220.0 204.2 247.

Macquarie Communications Infrastructure Group (MCG) today announced that Canada
Pension Plan Investment Board (CPPIB) has made formal cash offers to acquire MCG
stapled securities for A$2.50 per stapled security.
The A$2.50 offer price values the equity of MCG at A$1.37bn and implies an enterprise
value at A$ 7.3bn1 and represents a 67% premium to the last closing price of MCG stapled
securities, and a 134% premium to the three month average trading price.

1550.jpg


thx

MS
 
I'm sorry to rain on the MQG parade but technically this stock looks sick and may go the way of BNB with tears all round and recriminations abounding.

MQG have now changed their business model and are selling some of their best cash flow businesses because I presume they need cash and see a slow down in cash flow.

Its boring funnymntals and before I fall asleep I'll post a chart.

This shows MQG still in the mother of all downtrends.

The nadir will occur at $15 when all but the brave will exit.

gg
 

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I'm actually not that bearish on MQG atm.

I think we could see $32-$34 before we see sub $20 again. If they release half decent figures and don't cut the D/E by too much we could see prices pushing $50 again imo.

Anyone know when they are due to release results?
 
Hey GG

If you tighten your trend line on that last post and have it touching the previous highs, it would then seem that MQG has actually broken its long term trend.

I am bullish on this stock, just waiting for an entry signal to get in
 
Hey GG

If you tighten your trend line on that last post and have it touching the previous highs, it would then seem that MQG has actually broken its long term trend.

I am bullish on this stock, just waiting for an entry signal to get in

$16.00 would have been a good entry point for someone prepared to park their funds for the long haul or spec a short term capital gain. A dividend of $2.00pa would give an annual yield rate of 12.5%. At yesterdays close of $26.40 you would be in front by $10.40 or 65% with long term prospect in the stratosphere (give it a few years and appreciate the ongong divs in the interim).
Of course it will oscilate in the near future and could even test the lows of $15.00 if the ban on shorting financial stocks is lifted or mqg decides to go back to the market for a capital raising.
 
Hey GG

If you tighten your trend line on that last post and have it touching the previous highs, it would then seem that MQG has actually broken its long term trend.

I am bullish on this stock, just waiting for an entry signal to get in

Thanks sammy84, agreed , I accept your criticism. however higher highs and higher lows are the signs of an uptrending stock and MQG is not in that league, yet.

I'll post 2 charts, the first is a daily, showing considerable support at the $26 mark and as you say a definite break of the down trend.


The second is a gann fan on the low looking forward and if MQG behaves itself and stays in the upward band it is in, then many an MQG punter will be happy. I'm not convinced, yet but like you would buy on a definite signal.

gg
 

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The recent price action looks positive for Macquarie tragics. Anyone buying a month ago and selling today would be laughing.

I enclose a chart, the RSI shows an overbought signal. This is not unusual in a beginning uptrend.

I'm still wary.

gg
 

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$16.00 would have been a good entry point for someone prepared to park their funds for the long haul or spec a short term capital gain. A dividend of $2.00pa would give an annual yield rate of 12.5%. At yesterdays close of $26.40 you would be in front by $10.40 or 65% with long term prospect in the stratosphere (give it a few years and appreciate the ongong divs in the interim).
Of course it will oscilate in the near future and could even test the lows of $15.00 if the ban on shorting financial stocks is lifted or mqg decides to go back to the market for a capital raising.

With MQG closing at $29.45 this now represents a gain of $13.45 on the hypothetic entry of $16.00 or a gain of 84.05%. This stock was only just reflecting the potential book gain of $1 billion on MCG when it snuck up yesterday, again, on the notice of MQG proposing to buy back long term bond at discounts of 40 - 50 percent of cost. You can call it the millionaires factory and bag it all you like but they are clever fellows in there and know how to turn a profit.
What are the chances of MQG closing the gap on CBA and leap frogging ahead, again?
 
With MQG closing at $29.45 this now represents a gain of $13.45 on the hypothetic entry of $16.00 or a gain of 84.05%. This stock was only just reflecting the potential book gain of $1 billion on MCG when it snuck up yesterday, again, on the notice of MQG proposing to buy back long term bond at discounts of 40 - 50 percent of cost. You can call it the millionaires factory and bag it all you like but they are clever fellows in there and know how to turn a profit.
What are the chances of MQG closing the gap on CBA and leap frogging ahead, again?

agree nulla, however I'm waiting for the ban on shorting MQG to occur before committing myself to its long term health.

gg
 
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