MQG - Macquarie Group

[deadset]

Here's a good summary of what happened yesterday :

http://www.news.com.au/business/story/0,27753,24253931-14334,00.html


Hi Julia, yes I panic buyed when I saw the price drop thinking I had spotted a bargain, then I got the news after the event as to why it dropped so I was nervous until I found out. Turns out the news isn't that scary, but something to keep an eye on. As we know, sometimes by the time we find out the news, the price has changed again, but its obviously safer to find out why there was a change before buying.

Aussiest, I'll check the oil thread.

 

[Aussiest]

Deadset,

I'm not sure whether there's anything recent in the oil thread, i just supposed due to the news about the cyclone. I guess the MQG has taught me to be extra cautious .

I understand what you mean about the news. On Mon and Tues, i could have sworn somebody knew something that i didn't know, due to the big sell-down, so they either had inside information, or were keeping their eye on the Macquarie satellite funds or businessess (or whatever they're called). :dunno:

 

[mr_delta]

Guys,

I have a job interview at Macquarie Bank next week. Should I take the job if I get through???!!!!

Looks like I am goingto get this job as I have the uncanny habit of picking up falling knives (my portfolio would be a testament of my above statement)....Will let you all know if I make it in the interview or not !!!!

 

[deadset]

Apparently they only employ the best employees, just ask them.
Working for the number 1 investment bank in Australia, that's got to be good.

 

[sk8er]

Guys,

I have a job interview at Macquarie Bank next week. Should I take the job if I get through???!!!!

Looks like I am goingto get this job as I have the uncanny habit of picking up falling knives (my portfolio would be a testament of my above statement)....Will let you all know if I make it in the interview or not !!!!

Take the job if you get it. Macquarie bank is the "millionaires factory" after all, or is that the "thousandaire factory".

 

[Aussiest]

I can't help myself: take the job and come and tell us all the inside info :. No, seriously, good luck with the job. It will look great on your resume

 

[ROE]

Guys,

I have a job interview at Macquarie Bank next week. Should I take the job if I get through???!!!!

Looks like I am goingto get this job as I have the uncanny habit of picking up falling knives (my portfolio would be a testament of my above statement)....Will let you all know if I make it in the interview or not !!!!

Are you ready to work 50 hour plus week ..if yes then go for it may come out a millionaire ..may comes out disappointed and disgruntle but if the model comes crashing down may come out without a job

 

[The Mint Man]

I can't believe that no one has posted in this thread today.... the thing jumped 15% today!!! hello
Does anyone know what is behind this? doesn't seem to be any major ann's. Maybe just people willing to hold long recognising value when they see it?

Cheers

 

[oldblue]

I think more likely caught up in today's banking relief rally - fallout from the F&F move in the US.

 

[The Mint Man]

I think more likely caught up in today's banking relief rally - fallout from the F&F move in the US.

A fallout from US banks usually doesn't mean a huge rally in bank stocks over here, especially MQG
Thats my observation anyway

Cheers

Edit: maybe you meant 'bailout'?

 

[white_goodman]

I can't believe that no one has posted in this thread today.... the thing jumped 15% today!!! hello
Does anyone know what is behind this? doesn't seem to be any major ann's. Maybe just people willing to hold long recognising value when they see it?

Cheers

this is why i picked them for the september competition...theres plenty of upside in MQG i reckon....

ill post a chart soon but my internet signal that im 'borrowing' off my neighbour is quite slow atm and my charts are slow to update

 

[oldblue]

A fallout from US banks usually doesn't mean a huge rally in bank stocks over here, especially MQG
Thats my observation anyway

Cheers

Edit: maybe you meant 'bailout'?

Agree it shouldn't mean a rally here, but I think it did nevertheless.

A bad choice of the word "fallout" on my part. Meant to say " reaction to ".

 

[nick2fish]

I can't believe that no one has posted in this thread today.... the thing jumped 15% today!!! hello
Does anyone know what is behind this? doesn't seem to be any major ann's. Maybe just people willing to hold long recognising value when they see it?

Cheers

Yippee !!!!!!!!! Only 34.62% of gains to go and I'm in the green on this one

The MQG Morgan Stanley Presentation in London was very timely in view of the positive financial news coming from the US.

Mac could double its profit forecast , then deliver and still see share price fall in this market.

It can't seem to de-couple from its VERY dismal distant cousins IMO

 

[Garpal Gumnut]

Yippee !!!!!!!!! Only 34.62% of gains to go and I'm in the green on this one

The MQG Morgan Stanley Presentation in London was very timely in view of the positive financial news coming from the US.

Mac could double its profit forecast , then deliver and still see share price fall in this market.

It can't seem to de-couple from its VERY dismal distant cousins IMO

I'm sorry to rain on your party.

Its built on debt.

It pays its managers too much.

The other funds hate it due to its past success and will short it at a moments notice.

It has a way to fall yet I'm afraid.

gg

 

[Family_Guy]

I agree with GG
But it's a perfect Dtrader type of stock, thing moves all over the place.
I get on and hopefully out in 2/3 days.
The thing spikes and falls, but it's averaging is moving south and will keep doing so for a longtime. great if you can make a few bucks out of in a short time, but don't go long or anything.

 

[ChomChom]

Interesting the article about MQG in the Australian this morning
Macquarie in the spotlight amid $5bn refinancing fears
http://www.theaustralian.news.com.au/story/0,25197,24357625-20501,00.html

Even more interesting, their answer:

Response to The Australian article
SYDNEY, 17 September 2008 – A report in today’s Australian newspaper which claimed that Macquarie Group needs to refinance $A45 billion of debt and that $A5 billion requiring refinancing by March 2009 “could prove difficult to get away” is false and inconsistent with information provided to the market by the Group.

Since 31 March 2008, the Group has raised term funding of $A6.4 billion from a variety of sources. In addition, from 31 March 2008 to 31 July 2008, Macquarie Bank Limited increased deposits by $A3.8 billion to $A17 billion. The Group also has an undrawn $A3.8 billion senior credit facility.
Macquarie remains well-funded and well-capitalised with liquid assets of more than $A20 billion as at 30 June 2008, which is twice the level of a year ago.

The author did not provide the Group with an opportunity to respond to these claims.

 

[deadset]

So someone's been feeding The Australian journalist porkies.
Wouldn't it be nice if we could get her source and have a look at the real balance sheet to see what's really true.

MQG's been going up and down like a yo yo already in 10 minutes.
Buy, Buy, Buy, Sell, Sell, Sell, no wait, Buy, Buy, Buy

 

[ROE]

Where there is smoke there could be a fire, someone has some information some where, it may not be 100% accurate but if your model

build on cheap debt and leverage than the chance of having a bit of fire isn't that far from the truth.
a bit of caution doesnt hurt

 

[Aussiest]

I said to myself i would buy in at $34.00, but looking at it today, i will not touch this stock. Ever again, i don't think.

This might make their over-paid executives wake up.

 

[Macquack]

I said to myself i would buy in at $34.00, but looking at it today, i will not touch this stock. Ever again, i don't think.

This might make their over-paid executives wake up.

Well the Big Kahuna (Alan Moss) is an early riser. He woke up back in May and swifty exited. Mind you, not before fleecing the company of another $100 million in the process.

Moss was last seen perusing waterfront property on island of Majorca.