MQG - Macquarie Group

[dastrix]

I hear ya, but why do you suspect a bounce? theres been no good news concerning the US markets.... if anything I'd be betting on a slide even further... Its timing the buy thats difficult. I know MQG are quality.

 

[M34N]

Finished not too far off a day low, considering the market rebounded 2% from its lows today, MQG always gets unnecessarily hammered every time the word "recession" and "sub prime" come up in the US, kind of funny when I think even Goldman Sachs and even Citi were up in US trading overnight, and most of our banks up today! Similar story for NAB too, anything negative to do with the US and everyone pushes the panic button.

FYI I pulled out of this at a small profit earlier last week at $79.90, thinking about re-buying in anticipation of a Dow rally/rebound for Christmas and holding for the dividend in mid-January.

 

[nick2fish]

Re: MQG - Acquire Group

Your words are right on the money (or lack of) there. I sold all my specs which weren't hit too hard anyway and whacked it on good old hard hit MQG. But you know I think Its gonna be whacked again tomorrow... I have got to detach emotionally from my fav stocks .... They have the finest financial minds in the industry...Have washed their hands of sub prime negative impact...Made the step up from bank to group to free funds to invest...Multi national exposure (not confined just to good old USA) and now in free-fall. My initial estimate of $65.00 might be right ... I hope not, for now is the time when all investors should be looking at how much is it going to cost to get back in. The moneys in the bank.. which bank????????

 

[The Mint Man]

Great gain today, up 4%. Just goes to show that you cant keep a good stock down Seriously though, the more I thought about it lately the more I came to the conclusion that MQG would come back like a champion once we had a good day that allowed it.
Even if it did go under $70 I don't think it would have lasted long, that would be an extremely good price and everyone would be scrambling to buy.
By the way, congratulations to the guys that bought in the $72's the other day

Now back to $80+ a share

Cheers

 

[tronic72]

Great gain today, up over 4% just goes to show that you cant keep a good stock down Seriously though, the more I thought about it lately the more I came to the conclusion that MQG would come back like a champion once we had a good day that allowed it.
Even if it did go under $70 I don't think it would have lasted long, that would be an extremely good price and everyone would be scrambling to buy.
By the way, congratulations to the guys that bought in the $72's the other day

Now back to $80+ a share

Cheers

Thanks

I got mine at 73 which is good enough. I also got Allco Finance at 5.5 which is my stock of the month. I'd sold it only a week ago at 7.25 after buying it for 6.5 (also a good price at the time).

I've seen it happen so many times, where good stocks gets creamed because another stock, of similar nature does something silly or gets it's self into $hit. As well as getting MQG and AFG I also got ANZ at 26.65 which I consider a decent price. It's at yearly lows and I simply can't figure out why "solid" financials are being hammered.

Must be the fear factor.

Unfortunately even after all this I'm still down for the month. Knocked nearly 5% of my capital (2% RULE 2% Rule......idiot). I just hope we'll get a similar turn around to what we got in August, otherwise I just purchased a heap of new shares for nothing.

Merry Christmas All!

 

[Julia]

Thanks


I've seen it happen so many times, where good stocks gets creamed because another stock, of similar nature does something silly or gets it's self into $hit. As well as getting MQG and AFG I also got ANZ at 26.65 which I consider a decent price. It's at yearly lows and I simply can't figure out why "solid" financials are being hammered.

Must be the fear factor.

Tronic, possibly a reflection of the level of exposure to Centro. CBA has the greatest and when I last looked today it was still down.

 

[The Mint Man]

Tronic, possibly a reflection of the level of exposure to Centro. CBA has the greatest and when I last looked today it was still down.

True, however Centro is just one of many investments MQG holds or should I say did hold. Like they say, **** happens!
Nothing to get real worried about IMO

cheers

 

[tronic72]

Tronic, possibly a reflection of the level of exposure to Centro. CBA has the greatest and when I last looked today it was still down.

I agree. This is why I think it's going to be unlikly that Centro will be left to fall. If it does it's going to bring many other institutions down with it.

On the other hand I DO think Centro management have a case to answer for. I posted an article that there's a class action being put together against them (or lawsuit of some sort).

 

[ROE]

It way down today and I'm not touching it
I don't know what you guys see in Macquarie.

The way I see MacBank makes it money.. Buy inflated asset (like Centro, and maybe that why they like centro, like mind think alike..)
but MacBank is smarter cos these guys may have uni degreee hahaha

so they buy these asset with nothing but debt, then flock it off to investors
in fund like MAP etc.. so the debt stay with the fund and not on MacBank book, so Mac Book look Mac Clean another smarter move.

In bull market and debt is cheap, these funds may perform super well and make super fees for the Mac Bank.

What happen when debt is no longer cheap? price of these funds start to stand still or drop? hmmm

too complex sh*t for me to understand

 

[M34N]

It way down today and I'm not touching it
I don't know what you guys see in Macquarie.

The way I see MacBank makes it money.. Buy inflated asset (like Centro, and maybe that why they like centro, like mind think alike..)
but MacBank is smarter cos these guys may have uni degreee hahaha

so they buy these asset with nothing but debt, then flock it off to investors
in fund like MAP etc.. so the debt stay with the fund and not on MacBank book, so Mac Book look Mac Clean another smarter move.

In bull market and debt is cheap, these funds may perform super well and make super fees for the Mac Bank.

What happen when debt is no longer cheap? price of these funds start to stand still or drop? hmmm

too complex sh*t for me to understand

Well the amount of money they pay on interest on money that they borrow from other banks becomes dearer, much dearer, and that eats into their profits. Lower profits, lower dividends, lower share price...

That's the simple answer really. It just makes it very hard for them to invest, and do what they do, so people are unwilling to loan them money, or invest in their company.

It's actually fairing better than the likes of AFG and BNB actually, but only just. Personally investing in this type of company at this time is madness, and I wouldn't expect to see any upside potential for many, many months, maybe even years.

 

[ROE]

Well the amount of money they pay on interest on money that they borrow from other banks becomes dearer, much dearer, and that eats into their profits. Lower profits, lower dividends, lower share price...

That's the simple answer really. It just makes it very hard for them to invest, and do what they do, so people are unwilling to loan them money, or invest in their company.

It's actually fairing better than the likes of AFG and BNB actually, but only just. Personally investing in this type of company at this time is madness, and I wouldn't expect to see any upside potential for many, many months, maybe even years.

It a figure of speech about too complex sh*t for me to understand as in I wont buy it ...

Sometimes last year on the way home I think it was on ABC radio when people start to question MacBank model.. Can it work under a credit crunch environment?

All MacBank ever know was cheap debt in a bull market and rising share price and haven't been though a bust scenario.

Alan Moss came out defending the model saying how bad can it get before people switching their Foxtel off (as in they control the transmission tower), before people stop using toll road etc...

I say it will be soon hahaha and when a CEO has to defend it so hard you know something is up.

People who ask those questions I want to know them , these are smart people who look behind the scene and see what craw under the beds.

 

[M34N]

It a figure of speech about too complex sh*t for me to understand as in I wont buy it ...

Ah, that went straight over my head! Sorry its been a real long day lol

Shame, it's a good company though, in any other time I would love to hold this but any company that even deals with money is getting pummeled lol

 

[Buffettology]

Like was said in another thread, the only stock I would short is MQG!

Though, BBC and BOL might have been good ideas also!

 

[Fab]

Hi,

I am wondering when MQG is supposed to report so at least we might get a proper trend as it looks like the market is pushing MQG down.

 

[ROE]

I'm a skeptical person of this stock and I am even more critical now.

Big boss going out with a bang I wonder why, or like I always said. Their model only works in cheap credit and bull market.

Both have ended so maybe it's time to leave too before he get voted out

http://www.news.com.au/business/story/0,23636,23168105-462,00.html

 

[barnz2k]

but suspected 23% profit increase - surely that would bring some upside?
he is 60, hes retiring. not like hes jumping ship on big losses like the banks have been doing

 

[Junior]

2nd half earnings to 31 March 08 are expected to be in line with 2nd half 07....sounds pretty positive considering what's transpired in that period.

 

[The Mint Man]

but suspected 23% profit increase - surely that would bring some upside?
he is 60, hes retiring. not like hes jumping ship on big losses like the banks have been doing

I fully agree.
ROE is a self confesed 'skeptical person' so obviously some bias here. I suppose you said the same thing about Roger Corbett when he left WOW?:

Cheers

 

[ROE]

I fully agree.
ROE is a self confesed 'skeptical person' so obviously some bias here. I suppose you said the same thing about Roger Corbett when he left WOW?:

Cheers

No I wouldn't have said that with WOW back then but I am now of WOW
but then again you probably question my hind insight.

Remember their half profit is before the crash and the real crunch
but then again I could be wrong so I may yet to come and regret my decision of not buying MQG at this price.

 

[ROE]

but suspected 23% profit increase - surely that would bring some upside?
he is 60, hes retiring. not like hes jumping ship on big losses like the banks have been doing

He's not John Howard should quit when they are ahead ...
they have their reputation to protect

I'm skeptical person and present an alternative views I could be complete wrong
and go off in a anti-MQG rage