MIG - Macquarie Infrastructure Group

[TheAnalyst]

Re: Macquarie Infrastructure MIG

comsec is know to be out or not updated a fair bit so i wouldnt trust their figures

 

[Scratch]

Re: MIG - is there a recovery...?

Can anyone tell me why MIG fell outta bed to the tune of 13c yesterday?? And future directions??

Scratch

 

[TheAnalyst]

Re: MIG - is there a recovery...?

I had a look at the asx website under dividends as it seems more accurate than any othe the other sites even the company websites themselves.

http://www.asx.com.au/asx/markets/D...thod=get&template=F1001&ASXCodes=mig&view=all

I am confident that it had something to do with the franking credit as it is much lower than previous times...

I have been watching mig due to the low p/e and i think somewhere down the track they will stand to profit from the federal governments plan to spend big on infrastructure and the government is slow to move on it due to lack of skilled labour for the task that is why they are already implementing the ground work for recognition of overseas qualifications and huge training programs and many other initiatives.

Presently i have my eye on the installment warrants migizk and migimg.

 

[mikeg]

Re: MIG - is there a recovery...?

Not sure if there were any announcements, but from a Technical point of view it hit the 200D EMA and bounced off again. Chart below.

 

[markrmau]

Volume up after big turn around yesterday. Big buyer coming in and replenishing in 250k share lots.

Rumors of major shareholders getting ready to kick MBL fee structure.

Coming up as 2nd most popular sell on commsec.

BUY BUY BUY (albeit after you seek appropriate financial advice)

 

[michael_selway]

Volume up after big turn around yesterday. Big buyer coming in and replenishing in 250k share lots.

Rumors of major shareholders getting ready to kick MBL fee structure.

Coming up as 2nd most popular sell on commsec.

BUY BUY BUY (albeit after you seek appropriate financial advice)

Hm on Comsec, seems like decreasing EPS forecasted, but DPS increasing? so maybe higher and higher debt?

Eg in 2008 they pay out more they can earn?

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 43.8 27.6 24.9 12.4
DPS 77.5 21.0 23.0 25.0

thx

MS

 

[mikeg]

Looks as if things are finally looking up. A lot of volume lately, and has broken through resistance.

 

[scsl]

geez, did anyone notice MIG shares today?? down 11.4% (36 cents) to $2.79!

there was no company announcements or news in commsec. a check at tradingroom.com.au also showed nothing. but a quick search on google came up with these few lines found in a market report:

The toll road company Macquarie Infrastructure Group fell around 11 per cent amid investor concern that it's currently trading without the right to some key toll road assets which have been spun off into a separate company.

i'm a MIG investor and have a bit of an idea about the Sydney Roads Group demerger and issue of shares but am a little confused... especially because in a letter from MIG, it said that 17 july was the date on which MIG stapled securities would trade without the entitlement to SRG stapled securities (through the in-specie distribution). so shouldn't MIG shares have fallen heavily around the 17th instead of monday 24th?

 

[BSD]

The stock went ex the SRG entitlement.

$1.15 / 3

The graphs need a new basis.


Today's action was a reaction to the Cintra results last night

 

[scsl]

Does anyone else think that MIG is overbought and about to reverse to below $3?

 

[CanOz]

I think you'll see sellers move in soon that were left haning back on the 16th. There is a GAP to fill around the 2.97 mark. However being infrastructure it could benefit from some safe haven seeking investors. One to watch.

 

[scsl]

I think this week's RBA decision could also influence where the sp is headed, seeing as MIG has traditionally been volatile after interest rate announcements.

Perhaps the buyback that will commence in early October will put a floor under the sp?

 

[scsl]

I shorted some CFDs on Tuesday (5/9). MIG could go the way I want tomorrow because at this moment, the British market is down over 1 percent and the Dow looks as though it is headed that way pretty soon!

To be honest, this is my first short trade in CFDs. Hopefully it turns out good for me!

 

[Ken]

will a drop in petrol prices increase MIGS profits, due to motorist being more inclined to drive!


MIG looks to be on a BULL run, currently at $3.19. Where do people see it heading.

there has been a pretty big revamp of operations according to an article in the financial review.

 

[swingstar]

Nick, nice surprise to see an EW count! If you don't mind sharing, what's your current verdict?

I'm leaning towards a change of trend. Bearish RSI divergence and it's arguably broken its recent uptrend. It's also coming up to the top of the large channel.

 

[Nick Radge]

swingstar,
I do EW analysis across most top stocks. With MIG, I see we're completing a small 5-wave higher so we should correct back toward the major support line circa $3.00.

 

[swingstar]

Thanks Nick. BTW, subscribing to The Chartist is something I'm keen on, but if I did so now I'd probably become complacent if all the counts for my watchlist stocks were done. Will get some practice in first before subscribing.

Cheers

 

[GreatPig]

The current uptrend has also just started turning on the 50% fib level.

GP

 

[mrlava]

hi there, what software do you use for your graphs? thanks!

 

[GreatPig]

I use AmiBroker.

GP