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Not too unhappy so far..my only bank in portfolio
MQG - Macquarie Group
- Thread starter serp
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it is the major holding ( by value ) in my portfolio ,
i also hold MYS , ABA and KSL , and a small number of WBC
but then i participate in the DRP , if the share price drops at the right time , it may translate to an extra share or two
i also hold MYS , ABA and KSL , and a small number of WBC
but then i participate in the DRP , if the share price drops at the right time , it may translate to an extra share or two
Dona Ferentes
A little bit OC⚡DC
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some thoughts on the fifth pillar.
.
Times are still tough for Macquarie Group (ASX:MQG), despite a pickup in some of its businesses in the June quarter compared to last year. Ahead of the AGM on Thursday, the investment bank and fund manager said its commodities and global markets' first-quarter performance improved from last year due to increased trading activity in North American gas, power, and emissions markets, as well as strong results in the agriculture and resources sectors.
However, it reported that the combined net profit contribution from its market-facing businesses for the June quarter fell from last year, mainly because of the timing of asset realizations in Macquarie Capital. (In other words, it can’t offload assets flagged for sale.) Investors didn’t respond favorably to the update, sending the shares down 3.8% by just before 11 am Sydney time.
The company noted that its annuity-style businesses' combined quarterly contribution was broadly in line during the quarter, thanks to volume growth, lower operating expenses, and reduced credit impairment charges in banking and financial services (which have recently been a focus for growth).
Macquarie Asset Management oversaw A$915.00 billion worth of assets as of the end of June, down 2% from March-end. As usual, Macquarie did not disclose profit figures in the quarterly update but claimed its first-quarter operating group contribution was broadly in line with last year (though we have no way of verifying this).
As it has been emphasizing for some time, the company continues to maintain a cautious stance with a conservative approach to capital, funding, and liquidity, positioning itself well to respond to the current environment. Additionally, it remains "well-positioned to deliver superior performance in the medium term due to its diverse business mix across annuity-style and market-facing businesses.”
In other words, Macquarie remains a bank for all seasons and markets.
.......
even though the donut has done well with a diverse mix, it faces a dilemma of where to now? A big player here, relevance is found only in niche sectors on the international stage, and the big and powerful institutions in US, Europe and Asia swamp any efforts to become one of them (if that's the intention).
I've held in the past then sold at the wrong time - GFC and their leverage made for volatile times. But now, as MQG features strongly in the LICs I hold, there's probably enough exposure there.
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Macquarie Group faces challenges despite improved performance
By Glenn Dyer | More Articles by Glenn DyerTimes are still tough for Macquarie Group (ASX:MQG), despite a pickup in some of its businesses in the June quarter compared to last year. Ahead of the AGM on Thursday, the investment bank and fund manager said its commodities and global markets' first-quarter performance improved from last year due to increased trading activity in North American gas, power, and emissions markets, as well as strong results in the agriculture and resources sectors.
However, it reported that the combined net profit contribution from its market-facing businesses for the June quarter fell from last year, mainly because of the timing of asset realizations in Macquarie Capital. (In other words, it can’t offload assets flagged for sale.) Investors didn’t respond favorably to the update, sending the shares down 3.8% by just before 11 am Sydney time.
The company noted that its annuity-style businesses' combined quarterly contribution was broadly in line during the quarter, thanks to volume growth, lower operating expenses, and reduced credit impairment charges in banking and financial services (which have recently been a focus for growth).
Macquarie Asset Management oversaw A$915.00 billion worth of assets as of the end of June, down 2% from March-end. As usual, Macquarie did not disclose profit figures in the quarterly update but claimed its first-quarter operating group contribution was broadly in line with last year (though we have no way of verifying this).
As it has been emphasizing for some time, the company continues to maintain a cautious stance with a conservative approach to capital, funding, and liquidity, positioning itself well to respond to the current environment. Additionally, it remains "well-positioned to deliver superior performance in the medium term due to its diverse business mix across annuity-style and market-facing businesses.”
In other words, Macquarie remains a bank for all seasons and markets.
.......
even though the donut has done well with a diverse mix, it faces a dilemma of where to now? A big player here, relevance is found only in niche sectors on the international stage, and the big and powerful institutions in US, Europe and Asia swamp any efforts to become one of them (if that's the intention).
I've held in the past then sold at the wrong time - GFC and their leverage made for volatile times. But now, as MQG features strongly in the LICs I hold, there's probably enough exposure there.
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the entry point has a lot to do with one's opinion here
( i bought the slide in 2011 )
MQG is nearly always cautious and so they should be , they play in high risk areas ( aircraft leasing , commodity trading and hedging contracts and many other high profit /higher risk investments/trading moves )
i hold mine 'free-carried' .. theoretical av. SP $26.76
i would be way more nervous if my av. price was around $150
without trying to calculate my exposure via LICs and ETFs , MQG was my second largest holding , a little north of 4% at the beginning of the month
just keep in mind MQG is higher risk than the other bigger ASX -listed banks , you need to remember that when calculating potential returns
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my dream is $20 ( again )Sold MQG at closing yesterday so now will it drop to $180..some member may said..."in your dream"
May my Dream happen in October
although that was with SYD shares included so maybe i should dream of $12
good luck
JohnDe
La dolce vita
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Imagine what could happen if we had a pro-business government.
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but , but MQG buys out and totally exploits Green project funding entities and will trade almost anything ( including i suspect carbon credits ) MQG has released a range of ETFs ( including bond-focused ETFs )
as long as you have borrowing , lending and trading MQG should be able to make a profit
JohnDe
La dolce vita
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They have their fingers in a few more pies than that. Such as -
Macquarie Group’s stellar $24bn divestment of AirTrunk may deliver it hefty performance fees as high as $1.3bn and stoke further demand for digital infrastructure assets, if lofty valuations don’t put them out of reach.
While difficult to estimate, given Macquarie’s 60 per cent holding in AirTrunk was held via its second Asia-Pacific Infrastructure Fund, bank analysts expect Macquarie will enjoy a huge payday on the AirTrunk sale to Blackstone and Canada Pension Plan Investment Board.
The transaction, worth more than $24bn and announced late on Wednesday, included capital expenditure for committed AirTrunk projects. Macquarie’s fund and PSP Investments will reap huge gains on their 2020 investment in AirTrunk, which at the time valued the company at just $3bn.
AirTrunk came onto Macquarie’s radar several years ahead of it snapping up the assets.
Amongst other long term investments and projects.
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Vampire Squid is i think the name that is given to them in Europe .
a kind of mixed praise considering MQG's main international rivals
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My only direct bank investment..and the best cash return vs big banks in Oz for a business entity
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i also hold ABA and MYS ( soon to merge together )
now SUN has divested the banking arm
and a trivial number of WBC ( legacy of a messy exit )
but MQG certainly has been the bank to hold for the last 13 years .. as long as you are willing to take on the extra risk
it will be interesting to see how their ETFs go
i haven't checked the list above out yet , so no recommendations from me this week ( and they seem to trade on the US exchanges )
etf.macquarie.com
andthis lot seem to be listed on the ASX
i only found MQAE slightly interesting BUT i haven't done near enough research on that one
now SUN has divested the banking arm
and a trivial number of WBC ( legacy of a messy exit )
but MQG certainly has been the bank to hold for the last 13 years .. as long as you are willing to take on the extra risk
it will be interesting to see how their ETFs go
i haven't checked the list above out yet , so no recommendations from me this week ( and they seem to trade on the US exchanges )
Macquarie ETFs
Discover Macquarie ETFs. Active ETFs backed by Macquarie's global investment expertise, now available through a simple trade on a stock exchange.
andthis lot seem to be listed on the ASX
i only found MQAE slightly interesting BUT i haven't done near enough research on that one
Good morning
Reported via News Corp media today (26/09/24):
Morgan Stanley’s Andrew Stadnik still looks to be the most bullish sell-side analyst on Macquarie Group after raising his 12-month price target from $234 to $250.
“We think Macquarie offers multi-year double digit earnings growth, justifying the recent re-rating,” Mr Stadnik says.
“The faster Fed cut gives us more confidence in global M&A recovery and we think the street is missing Macquarie’s operating leverage plus new growth options.”
Not holding
Kind regards
rcw1
Reported via News Corp media today (26/09/24):
Morgan Stanley’s Andrew Stadnik still looks to be the most bullish sell-side analyst on Macquarie Group after raising his 12-month price target from $234 to $250.
“We think Macquarie offers multi-year double digit earnings growth, justifying the recent re-rating,” Mr Stadnik says.
“The faster Fed cut gives us more confidence in global M&A recovery and we think the street is missing Macquarie’s operating leverage plus new growth options.”
Not holding
Kind regards
rcw1
☹missed the bus.
