Australian (ASX) Stock Market Forum

MQG - Macquarie Group

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Re: MBL - Macquarie Bank

at the moment, its the millionaires factory for the shareholders as well as the board:D [although not so if you bought in at 95 before the correction]
 
Re: MBL - Macquarie Bank

Stocks been removed. Does anyone know what's going on? Is there some big news? I wonder what the future brings.
 
Re: MBL - Macquarie Bank

mime said:
Stocks been removed. Does anyone know what's going on? Is there some big news? I wonder what the future brings.
Click to expand...

Change of code mate... try MQG, or the Macquarie Group.....

Due to the corporate restructure.

Cheers
 
I've changed the subject to reflect the new name/code of 'MQG - Macquaire Group. Thanks for the heads up.
 
Hi,

I'm a little confused as to the break up of Macquarie into A) Macquarie Group (comprising its corporate finance, investment banking groups, and specialist funds)...B) Macquarie Bank (containing all its other operations)

This morning at 10am, both MBL and MQG opened at $82.25 or thereabouts. MQG fell $4.30 (about 5%) to $79.80 after listing (with a volume of 1.8mil shares traded), whereas MBL shares traded steady at $82.30 (with a volume of 12,000 shares traded).

Why was the new MGQ stock listed at the same closing price as the previous stock and what differences lie in trading MGQ as opposed to the (previous MBL)?
 
The MBL trades were option exercise.

There is no more MBL. Every MBL holder was given 1 share of MQG for each MBL share. There is only MQG.
 
Does anyone know how to edit the code from MBL to MQG in commsec? Or do i need to ring Commsec and ask them to do it?
 
You'll be moved automatically.

It's not still trading. Financial journalists are full of........But if you go look at SEATS right now, it's pretty clear that it's not trading.
 
According to E*Trade, you can trade MGQ shares as MBL shares, so if you had MBL shares before the company transfered across to MGQ, you can actually execute a sell using the new code and it will execute. Would most likely be the same across all trading websites, but don't take my word for it, check with them first.

Anyway, on other news, anyone expecting good news from MGQ regarding there results due out this Tuesday 13th Nov? Wonder how the market will take it if the results are anything less than $1 billion for the 2nd half.
 
Like other financials it has been overdone, picked some up late last week at just over $79, reports tomorrow i think.

If todays rise in its price is anything to go by it may be a goody :), not that insider trading happens on the ASX :mad:, as we all saw when Rio was up over a $1 the day before BHP announced its takover plans, funny how everything else got smashed that day though :confused:
 
Pager said:
Like other financials it has been overdone, picked some up late last week at just over $79, reports tomorrow i think.

If todays rise in its price is anything to go by it may be a goody :), not that insider trading happens on the ASX :mad:, as we all saw when Rio was up over a $1 the day before BHP announced its takover plans, funny how everything else got smashed that day though :confused:
Click to expand...
Was thinking something similar, notice the trend occurred on Friday as well when it was up 3% as well... could be partly explained by a nice rebound in US financials on Friday despite the overall negativeness. Noticed it followed NAB up when they reported good results on Thursday, so it may just be optimistic buying by investors hoping for some good news in the financial sector for once more so than insider trading.

And yes it reports tomorrow. Been waiting a while for the results, I'm tipping a solid result.
 
This morning I still had MBL appearing on my p/f page but this evening it has been deleted. No replacement with MQG and the total value of all shares is down accordingly. Anyone else finding this with E-trade?
Phone call to them this morning elicited the info that it will all be sorted by 19th November. Not sure how I'd go if I wanted to sell it before then!
 
Mine now has MQG listed but doesnt seem to have quite cleared yet, hasn't got all the values. Not 100% where I stand but I think im just down from entry, crap.
 
MQG has appeared on E Trade pf but it won't have your original buy price just 0.00 , so save yourself a phone call and go to Detailed View - then at the tools for that stock pick edit and put your original buy or average buy price
 
your welcome, but you might want to exit as those chumps at goldman sachs just give MQG the big downgrade:rolleyes: ...they should keep a closer eye on the on their own turf....(City Bank,Countrywide,Merrill Lynch and the like)....Oh well the shame about it is people actually listen to these rich kids. I'm hanging on Go MQG:)
 
ABN Amro Craigs (NZ) still have a target price of $110. Feel recent acquisitiosn sheow funding for good assets still available and they they are cashed up and ready for more. They rate risk to projected 08 earnings to be upside and despite volatility linked to finacial sector performance they are well diversified and actualy not so strongly correlated. Very happy to hold...
 
I have 3 brokers saying average targets over $100.00 per share and only early this year was knocking on the door as the first axa stock to pass the 100 mark.... Since then.. sub prime.. when it was presumed guilty and despite proving emphatically very minimal financial loss and reporting back to back profit gains remains out of favor. It will hit it straps soon and now is probably...in its new restructured mode... quite happy to fly under the radar for a bit.
 

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